Loading…
Franchises and operates low-cost, high-volume 'Judgement Free Zone' fitness clubs across the US.
Franchises and operates low-cost, high-volume 'Judgement Free Zone' fitness clubs across the US.
Is paid by franchisees as royalties on their club revenue and as equipment sales when they open or refit clubs, and directly by members at the minority of clubs it owns. With a low membership price it relies on high member volume. Most of the club base is franchised.
Moat: narrow (scale, brand, cost advantage). Low-price, high-volume model and franchise scale are hard to replicate profitably at the same price point.
Headquarters: Hampton, New Hampshire, United States · Founded: 1992 · Employees: 4,020
Size Planet Fitness (PLNT) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $4.56B, the 1248th largest of 3,117 United States companies the cockpit tracks. Shares closed at $60.31 on 6 Nov 2026.
Performance Over six months the shares gained 31.4%, against -1.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +9.5%); the operating margin is 30.9% (peer median 13.3%).
Valuation It trades at 17.3× forward earnings against a peer median of 16.4× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (8.2% WACC).
Backlog Backlog (remaining performance obligations) was $99.4M at 30 Sep 2026, up 4% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 11.3% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.41B | $1.32B | $1.18B | $1.07B | $937M |
| Revenue growth | — | +12% | +10% | +14% | — |
| Gross profit | $554M | $532M | $455M | $408M | $350M |
| EBITDA | $596M | $551M | $485M | $422M | $354M |
| Net income | $238M | $219M | $172M | $138M | $99.4M |
| Free cash flow | $262M | $255M | $189M | $194M | $140M |
| Capital expenditure | $172M | $164M | $155M | $136M | $100M |
| Total debt | $3.01B | $2.95B | $2.61B | $2.40B | $2.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Planet Fitness PLNT | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% |
| Life Time LTH | $10.6B | +48% | +13% | 17% | 26.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PLNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +37.0% | +4.6% | highest of 21 |
| 6-month return | +31.4% | -1.8% | 6th highest of 21 |
| Distance from 52-week high | -47.2% | -18.4% | 4th lowest of 21 |
| Revenue growth (TTM) | +12.7% | +9.5% | 10th highest of 21 |
| Operating margin | 30.9% | 13.3% | highest of 21 |
| Forward P/E | 17.3× | 16.4× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 4.8% | 5.6% | 10th least demanding of 19 |
| Growth delivered (Del g) | +26.6% | +14.3% | 4th highest of 19 |
| Hurdle (Req g minus delivered) | -21.8 pp | -14.9 pp | 7th least demanding of 19 |
| ROIC minus cost of capital | +9.8 pp | +4.3 pp | 8th highest of 20 |
| EV / EBITDA | 11.9× | 10.5× | 7th most expensive of 19 |
| Net debt / EBITDA | 4.3× | 1.2× | 5th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Service Corporation International SCI | United States | $10.0B | -5% | +3% | 22% | 17.5× | 3.4% | +4.2% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
Planet Fitness reported $99.4M of remaining performance obligations at 30 Sep 2026, up 4% from a year earlier and down 11% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.97.