InsiderClue
Stocks · Consumer discretionary · Services-Membership Sports & Recreation Clubs

Planet Fitness, Inc.

PLNT Clue Score73
United States Fiscal year ends December CIK 0001637207
$47.98 +8.97% Close, 9 Oct 2026
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Price $47.98 −39.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue378.2Operating income115.7Net income21.5Fiscal year 2017Revenue429.9 +13.7%Operating income147.5Net income33.1 +54.2%Fiscal year 2018Revenue572.9 +33.3%Operating income184.0Net income88.0 +165.6%Fiscal year 2019Revenue688.8 +20.2%Operating income233.1Net income117.7 +33.7%Fiscal year 2020Revenue406.6 −41.0%Operating income59.8Net income−15.0 −112.7%Fiscal year 2021Revenue587.0 +44.4%Operating income143.4Net income42.8Fiscal year 2022Revenue936.8 +59.6%Operating income230.1Net income99.4 +132.4%Fiscal year 2023Revenue1,071.3 +14.4%Operating income272.9Net income138.3 +39.1%Fiscal year 2024Revenue1,181.7 +10.3%Operating income324.2Net income172.0 +24.4%Fiscal year 2025Revenue1,324.1 +12.1%Operating income394.7Net income219.1 +27.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 378.2 429.9 572.9 688.8 406.6 587.0 936.8 1,071.3 1,181.7 1,324.1
Growth +13.7% +33.3% +20.2% −41.0% +44.4% +59.6% +14.4% +10.3% +12.1%
Operating income 115.7 147.5 184.0 233.1 59.8 143.4 230.1 272.9 324.2 394.7
Net income 21.5 33.1 88.0 117.7 −15.0 42.8 99.4 138.3 172.0 219.1
Growth +54.2% +165.6% +33.7% −112.7% +132.4% +39.1% +24.4% +27.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin30.6%Net margin5.7%Free cash flow margin24.7%Fiscal year 2017Operating margin34.3%Net margin7.7%Free cash flow margin21.7%Fiscal year 2018Operating margin32.1%Net margin15.4%Free cash flow margin25.1%Fiscal year 2019Operating margin33.8%Net margin17.1%Free cash flow margin21.3%Fiscal year 2020Operating margin14.7%Net margin−3.7%Free cash flow margin−5.3%Fiscal year 2021Operating margin24.4%Net margin7.3%Free cash flow margin23.0%Fiscal year 2022Operating margin24.6%Net margin10.6%Free cash flow margin15.0%Fiscal year 2023Operating margin25.5%Net margin12.9%Free cash flow margin18.1%Fiscal year 2024Operating margin27.4%Net margin14.6%Free cash flow margin16.0%Fiscal year 2025Operating margin29.8%Net margin16.5%Free cash flow margin19.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 30.6% 34.3% 32.1% 33.8% 14.7% 24.4% 24.6% 25.5% 27.4% 29.8%
Net margin 5.7% 7.7% 15.4% 17.1% −3.7% 7.3% 10.6% 12.9% 14.6% 16.5%
Free cash flow margin 24.7% 21.7% 25.1% 21.3% −5.3% 23.0% 15.0% 18.1% 16.0% 19.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow108.8Capital expenditure−15.4Free cash flow93.4Buybacks−1.6Dividends paid−169.3Fiscal year 2017Operating cash flow131.0Capital expenditure−37.7Free cash flow93.3 −0.2%Fiscal year 2018Operating cash flow184.4Capital expenditure−40.9Free cash flow143.5 +53.8%Buybacks−342.4Fiscal year 2019Operating cash flow204.3Capital expenditure−57.9Free cash flow146.4 +2.0%Buybacks−458.2Fiscal year 2020Operating cash flow31.1Capital expenditure−52.6Free cash flow−21.4 −114.6%Buybacks0.0Fiscal year 2021Operating cash flow189.3Capital expenditure−54.1Free cash flow135.2Buybacks0.0Fiscal year 2022Operating cash flow240.2Capital expenditure−100.1Free cash flow140.2 +3.6%Buybacks−94.3Fiscal year 2023Operating cash flow330.3Capital expenditure−136.0Free cash flow194.3 +38.6%Buybacks−125.0Fiscal year 2024Operating cash flow343.9Capital expenditure−155.1Free cash flow188.8 −2.8%Buybacks−300.2Fiscal year 2025Operating cash flow418.4Capital expenditure−163.7Free cash flow254.8 +34.9%Buybacks−500.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 108.8 131.0 184.4 204.3 31.1 189.3 240.2 330.3 343.9 418.4
Capital expenditure −15.4 −37.7 −40.9 −57.9 −52.6 −54.1 −100.1 −136.0 −155.1 −163.7
Free cash flow 93.4 93.3 143.5 146.4 −21.4 135.2 140.2 194.3 188.8 254.8
Growth −0.2% +53.8% +2.0% −114.6% +3.6% +38.6% −2.8% +34.9%
Buybacks −1.6 n/a −342.4 −458.2 0.0 0.0 −94.3 −125.0 −300.2 −500.4
Dividends paid −169.3 n/a n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash40.4Total debt709.2Net cash (debt)−668.8Shareholders’ equity−130.8Fiscal year 2017Cash113.1Total debt703.8Net cash (debt)−590.7Shareholders’ equity−119.5Fiscal year 2018Cash289.4Total debt1,172.1Net cash (debt)−882.7Shareholders’ equity−374.6Fiscal year 2019Cash436.3Total debt1,705.0Net cash (debt)−1,268.7Shareholders’ equity−706.5Fiscal year 2020Cash439.5Total debt1,768.9Net cash (debt)−1,329.4Shareholders’ equity−705.9Fiscal year 2021Cash545.9Total debt1,757.8Net cash (debt)−1,211.9Shareholders’ equity−645.4Fiscal year 2022Cash409.8Total debt1,998.9Net cash (debt)−1,589.0Shareholders’ equity−199.0Fiscal year 2023Cash275.8Total debt1,983.6Net cash (debt)−1,707.8Shareholders’ equity−115.6Fiscal year 2024Cash293.2Total debt2,170.5Net cash (debt)−1,877.4Shareholders’ equity−215.4Fiscal year 2025Cash345.7Total debt2,482.3Net cash (debt)−2,136.6Shareholders’ equity−482.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 40.4 113.1 289.4 436.3 439.5 545.9 409.8 275.8 293.2 345.7
Total debt 709.2 703.8 1,172.1 1,705.0 1,768.9 1,757.8 1,998.9 1,983.6 2,170.5 2,482.3
Net cash (debt) −668.8 −590.7 −882.7 −1,268.7 −1,329.4 −1,211.9 −1,589.0 −1,707.8 −1,877.4 −2,136.6
Shareholders’ equity −130.8 −119.5 −374.6 −706.5 −705.9 −645.4 −199.0 −115.6 −215.4 −482.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
30.6% 34.3% 32.1% 33.8% 14.7% 24.4% 24.6% 25.5% 27.4% 29.8%
23.8% 99.8% 23.0% 25.1% −3.6% 8.9% 17.2% 19.4% 20.9% 23.3%
5.7% 7.7% 15.4% 17.1% −3.7% 7.3% 10.6% 12.9% 14.6% 16.5%
24.7% 21.7% 25.1% 21.3% −5.3% 23.0% 15.0% 18.1% 16.0% 19.2%
Spending
13.2% 14.0% 12.6% 11.4% 16.9% 16.1% 12.3% 11.7% 10.9% 10.4%
4.1% 8.8% 7.1% 8.4% 12.9% 9.2% 10.7% 12.7% 13.1% 12.4%
20.8% 87.0% 21.7% 21.8% n/a 10.9% 31.3% 28.2% 27.7% 27.8%
Returns
2.1% 3.0% 6.5% 6.9% −0.8% 2.1% 3.5% 4.7% 5.6% 7.1%
Balance and payout
787.4% n/a n/a n/a n/a n/a n/a n/a n/a n/a
182.9% n/a 238.5% 312.9% n/a 0.0% 67.3% 64.4% 159.0% 196.4%