Planet Fitness (PLNT) Financials

$96.01 -1.53 (-1.57%)

As of 01:16 PM Eastern

Annual Income Statements for Planet Fitness

This table shows Planet Fitness' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	19	22	33	88	118	-15	43	99	138	172
Consolidated Net Income / (Loss)	38	71	56	103	135	-15	46	110	147	174
Net Income / (Loss) Continuing Operations	38	71	56	103	586	-15	46	110	147	174
Total Pre-Tax Income	47	90	429	132	173	-15	52	161	208	247
Total Operating Income	72	116	148	184	233	60	143	230	273	324
Total Gross Profit	217	256	301	410	1,461	336	486	760	881	985
Total Revenue	331	378	430	573	1,655	407	587	937	1,071	1,182
Operating Revenue	331	378	430	573	1,655	407	587	937	1,071	1,182
Total Cost of Revenue	113	122	129	163	194	71	101	177	190	197
Operating Cost of Revenue	113	122	129	163	194	71	101	177	190	197
Total Operating Expenses	145	140	153	226	717	276	343	529	608	660
Selling, General & Admin Expense	56	50	60	72	165	69	95	334	379	420
Marketing Expense	-	0.00	0.00	43	-	61	59	66	70	79
Depreciation Expense	32	32	32	35	44	54	63	124	149	160
Other Operating Expenses / (Income)	57	59	61	76	508	92	126	5.08	10	1.33
Total Other Income / (Expense), net	-25	-26	282	-52	-120	-74	-91	-69	-65	-77
Interest Expense	-	27	35	51	61	82	81	89	87	100
Interest & Investment Income	-25	0.02	0.05	4.68	7.05	2.94	0.88	5.01	18	23
Other Income / (Expense), net	-0.28	1.37	317	-6.18	-66	4.90	-11	15	3.51	-0.55
Income Tax Expense	9.15	19	374	29	38	0.69	5.66	51	59	68
Other Gains / (Losses), net	-	-	-	-	0.00	0.00	-0.18	-0.47	-1.99	-4.04
Net Income / (Loss) Attributable to Noncontrolling Interest	20	50	22	15	18	-0.21	3.35	11	8.72	2.20
Basic Earnings per Share	-	-	-	$1.01	$1.42	($0.19)	$0.51	$1.18	$1.63	$2.01
Weighted Average Basic Shares Outstanding	168.30M	43.30M	78.91M	87.24M	82.98M	80.30M	83.30M	84.14M	84.90M	85.62M
Diluted Earnings per Share	-	-	-	$1.00	$1.41	($0.19)	$0.51	$1.18	$1.62	$2.00
Weighted Average Diluted Shares Outstanding	168.30M	43.30M	78.91M	87.67M	83.62M	80.30M	83.89M	84.54M	85.18M	85.83M
Weighted Average Basic & Diluted Shares Outstanding	168.30M	43.30M	78.91M	87.24M	87.10M	86.55M	91.03M	89.44M	88.17M	84.67M

This table shows Planet Fitness' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	27	34	23	41	39	35	34	49	42	47
Consolidated Net Income / (Loss)	31	36	25	44	41	37	35	49	42	48
Net Income / (Loss) Continuing Operations	31	36	25	44	41	37	35	49	42	48
Total Pre-Tax Income	46	51	35	60	55	58	50	70	60	67
Total Operating Income	62	64	52	77	72	71	66	87	81	90
Total Gross Profit	196	208	203	227	224	228	229	249	247	260
Total Revenue	244	281	222	286	278	285	248	301	292	340
Operating Revenue	244	281	222	286	278	285	248	301	292	340
Total Cost of Revenue	49	74	19	59	54	57	19	52	46	80
Operating Cost of Revenue	49	74	19	59	54	57	19	52	46	80
Total Operating Expenses	134	143	151	150	151	156	163	162	165	170
Selling, General & Admin Expense	27	248	28	33	96	222	29	32	104	255
Marketing Expense	17	16	17	18	18	18	20	20	20	19
Depreciation Expense	33	34	36	37	37	39	39	40	41	40
Other Operating Expenses / (Income)	57	-154	70	63	-0.06	-122	75	70	0.28	-144
Total Other Income / (Expense), net	-16	-13	-18	-17	-17	-14	-15	-18	-22	-23
Interest Expense	22	22	22	21	22	22	21	25	27	27
Interest & Investment Income	1.56	2.76	3.93	4.16	4.25	5.40	5.46	5.62	5.61	6.43
Other Income / (Expense), net	4.76	5.98	0.11	0.37	0.15	2.88	0.65	1.04	-0.56	-1.68
Income Tax Expense	16	15	9.57	16	13	20	14	19	17	19
Other Gains / (Losses), net	-0.00	-0.13	-0.27	-0.07	-0.24	-1.41	-1.20	-1.22	-0.78	-0.84
Net Income / (Loss) Attributable to Noncontrolling Interest	3.76	2.65	2.06	3.05	2.19	1.42	0.66	0.67	0.39	0.48
Basic Earnings per Share	$0.32	$0.40	$0.27	$0.49	$0.46	$0.41	$0.39	$0.56	$0.50	$0.56
Weighted Average Basic Shares Outstanding	84.16M	84.14M	84.44M	84.62M	84.61M	84.90M	86.91M	86.81M	84.57M	85.62M
Diluted Earnings per Share	$0.32	$0.41	$0.27	$0.48	$0.46	$0.41	$0.39	$0.56	$0.50	$0.55
Weighted Average Diluted Shares Outstanding	84.55M	84.54M	84.79M	84.91M	84.89M	85.18M	87.22M	86.96M	84.73M	85.83M
Weighted Average Basic & Diluted Shares Outstanding	89.56M	89.44M	89.19M	88.14M	88.15M	88.17M	88.18M	85.17M	84.59M	84.67M

This table details how cash moves in and out of Planet Fitness' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-12	8.94	72	208	159	37	88	-131	-150	28
Net Cash From Operating Activities	82	109	131	184	204	31	189	240	330	344
Net Cash From Continuing Operating Activities	82	109	131	184	204	31	189	240	330	344
Net Income / (Loss) Continuing Operations	38	71	56	103	135	-15	46	110	147	174
Consolidated Net Income / (Loss)	38	71	56	103	135	-15	46	110	147	174
Depreciation Expense	32	32	32	35	44	54	63	124	149	160
Amortization Expense	2.10	2.73	3.69	4.95	5.69	6.41	6.35	5.51	2.22	2.06
Non-Cash Adjustments To Reconcile Net Income	2.72	4.95	-314	40	7.16	-1.98	44	-2.36	12	26
Changes in Operating Assets and Liabilities, net	6.55	-1.62	354	0.87	12	-12	30	2.57	20	-19
Net Cash From Investing Activities	-19	-15	-37	-86	-111	-52	-91	-507	-340	-209
Net Cash From Continuing Investing Activities	-19	-15	-37	-86	-111	-52	-91	-507	-340	-209
Purchase of Property, Plant & Equipment	-19	-15	-38	-41	-58	-53	-54	-100	-136	-155
Acquisitions	-	0.00	0.00	-46	-53	0.00	-1.89	-425	-43	0.00
Purchase of Investments	-	-	-	-	0.00	0.00	-35	-2.45	-241	-157
Sale of Property, Plant & Equipment	0.33	0.68	0.68	0.20	0.11	0.28	0.05	0.06	0.10	1.40
Divestitures	-	-	-	-	-	0.00	0.00	21	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	80	104
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	-2.15
Net Cash From Financing Activities	-74	-85	-22	110	64	58	-10	136	-141	-105
Net Cash From Continuing Financing Activities	-74	-85	-22	110	64	58	-10	136	-141	-105
Repayment of Debt	-17	-11	-8.49	-740	-23	-18	-18	-741	-21	-621
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-1.03
Repurchase of Common Equity	-	-1.58	0.00	-342	-458	0.00	0.00	-94	-125	-300
Payment of Dividends	-176	-303	-13	-9.26	-7.68	-2.06	-0.75	-4.63	-4.61	-4.79
Issuance of Debt	120	230	0.00	1,200	550	75	0.00	975	0.00	800
Issuance of Common Equity	157	0.14	0.48	1.21	2.86	2.57	8.19	0.93	9.16	22
Other Financing Activities, net	-158	0.00	-0.37	0.00	-0.09	-0.17	-0.18	-0.27	-0.19	-0.10
Effect of Exchange Rate Changes	-0.12	-	-	-	0.69	0.30	0.01	-0.81	0.78	-2.61
Cash Interest Paid	23	24	31	39	54	76	75	81	81	91
Cash Income Taxes Paid	2.83	7.04	3.72	5.02	10	-2.16	1.85	3.63	5.26	12

This table details how cash moves in and out of Planet Fitness' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	21	5.32	51	-224	57	-33	26	-53	72	-17
Net Cash From Operating Activities	80	50	98	59	110	63	90	78	127	49
Net Cash From Continuing Operating Activities	80	50	98	59	110	63	90	78	127	49
Net Income / (Loss) Continuing Operations	31	36	25	44	41	37	35	49	42	48
Consolidated Net Income / (Loss)	31	36	25	44	41	37	35	49	42	48
Depreciation Expense	33	34	36	37	37	39	39	40	41	40
Amortization Expense	1.37	1.39	1.36	0.43	0.10	0.33	0.48	0.28	0.57	0.73
Non-Cash Adjustments To Reconcile Net Income	5.28	-28	6.07	2.23	7.51	-3.95	7.75	4.72	13	0.82
Changes in Operating Assets and Liabilities, net	10	6.04	30	-24	23	-8.97	7.16	-16	30	-40
Net Cash From Investing Activities	-2.90	-37	-23	-178	-47	-92	-39	-52	-58	-60
Net Cash From Continuing Investing Activities	-2.90	-37	-23	-178	-47	-92	-39	-52	-58	-60
Purchase of Property, Plant & Equipment	-24	-35	-23	-22	-39	-51	-26	-38	-49	-42
Purchase of Investments	-	-2.45	0.00	-130	-45	-66	-35	-39	-43	-40
Sale of Property, Plant & Equipment	-	-	-	-	-	0.10	-	-	-	0.83
Sale and/or Maturity of Investments	-	-	0.00	-	38	43	23	25	33	23
Net Cash From Financing Activities	-56	-7.01	-25	-106	-5.51	-5.03	-25	-79	2.15	-3.45
Net Cash From Continuing Financing Activities	-56	-7.01	-25	-106	-5.51	-5.03	-25	-79	2.15	-3.45
Repayment of Debt	-4.95	-5.41	-5.19	-5.19	-5.19	-5.19	-5.19	-606	-3.63	-5.63
Payment of Dividends	-0.92	-1.68	-1.11	-2.63	-0.48	-0.39	-0.22	-1.51	-1.61	-1.45
Issuance of Common Equity	0.10	0.15	6.75	1.62	0.20	0.59	0.45	9.36	7.41	4.65
Other Financing Activities, net	-0.08	-0.06	-0.06	-0.05	-0.05	-0.04	-0.04	-0.04	-0.03	0.00
Effect of Exchange Rate Changes	-0.51	-0.08	0.20	0.53	-0.50	0.54	-0.32	-0.86	0.72	-2.16
Cash Interest Paid	20	20	20	20	20	20	20	21	13	37
Cash Income Taxes Paid	1.72	0.55	-1.02	3.78	1.63	0.86	1.01	8.16	2.08	0.82

This table presents Planet Fitness' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	699	1,001	1,096	1,353	1,717	1,850	2,016	2,855	2,970	3,070
Total Current Assets	73	91	177	389	540	567	662	556	472	588
Cash & Equivalents	31	40	113	289	436	439	546	410	276	293
Restricted Cash	1.96	3.07	-	31	43	76	58	63	46	57
Short-Term Investments	-	-	-	-	-	-	-	0.00	75	114
Accounts Receivable	30	38	47	52	51	33	41	61	53	94
Inventories, net	4.56	1.80	2.69	5.12	0.88	0.47	1.16	5.27	4.68	6.15
Prepaid Expenses	5.15	3.59	3.93	4.95	8.03	12	13	11	14	21
Current Deferred & Refundable Income Taxes	-	4.69	-	6.82	0.95	5.46	3.67	5.47	3.31	2.62
Plant, Property, & Equipment, net	56	61	83	114	145	0.00	174	349	390	424
Total Noncurrent Assets	570	849	835	851	1,032	1,283	1,180	1,950	2,107	2,058
Long-Term Investments	-	-	-	-	-	-	-	0.00	51	66
Goodwill	177	177	177	200	228	228	229	703	718	721
Intangible Assets	274	254	236	234	234	217	201	417	373	323
Noncurrent Deferred & Refundable Income Taxes	117	410	411	415	412	511	539	455	504	470
Other Noncurrent Operating Assets	2.14	7.73	12	1.83	158	327	211	376	462	478
Total Liabilities & Shareholders' Equity	699	1,001	1,096	1,353	1,717	1,850	2,016	2,855	2,970	3,070
Total Liabilities	700	1,216	1,235	1,736	2,425	2,555	2,659	3,066	3,089	3,285
Total Current Liabilities	66	83	111	131	145	112	177	245	251	282
Short-Term Debt	5.10	7.19	7.19	12	18	18	18	21	21	23
Accounts Payable	24	29	29	30	21	19	28	21	24	33
Accrued Expenses	14	19	19	32	32	22	52	67	66	68
Customer Deposits	-	-	-	-	3.01	0.80	6.04	8.44	4.51	1.85
Current Deferred Revenue	20	20	18	23	28	27	28	54	60	62
Current Deferred & Payable Income Tax Liabilities	3.02	8.07	31	25	26	0.00	20	32	41	56
Other Current Liabilities	0.21	0.37	0.47	8.34	18	25	25	42	35	40
Total Noncurrent Liabilities	634	1,133	1,131	1,605	2,279	2,444	2,482	2,822	2,837	3,003
Long-Term Debt	480	702	697	1,160	1,688	1,751	1,740	1,978	1,963	2,148
Capital Lease Obligations	-	-	-	-	153	168	-	342	382	405
Noncurrent Deferred Revenue	17	13	6.13	10	34	33	33	33	32	32
Noncurrent Deferred & Payable Income Tax Liabilities	-	1.24	1.63	2.30	1.12	0.88	0.00	1.47	1.64	1.39
Other Noncurrent Operating Liabilities	138	416	426	432	403	491	709	467	459	416
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1.08	-215	-146	-383	-708	-706	-643	-212	-119	-215
Total Preferred & Common Equity	-15	-131	-129	-375	-706	-706	-645	-199	-116	-215
Total Common Equity	-15	-131	-129	-375	-706	-706	-645	-199	-116	-215
Common Stock	0.35	34	12	20	30	46	63	505	576	609
Retained Earnings	-14	-164	-140	-394	-737	-752	-709	-704	-691	-822
Accumulated Other Comprehensive Income / (Loss)	-1.71	-1.17	-0.65	0.09	0.30	0.03	0.01	-0.45	0.17	-2.35
Noncontrolling Interest	14	-84	-17	-8.22	-1.30	0.20	2.51	-13	-3.34	0.01

This table presents Planet Fitness' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,846	2,906	2,848	2,945	2,993	2,974	3,048
Total Current Assets	540	589	505	540	521	494	556
Cash & Equivalents	404	460	236	309	302	247	299
Restricted Cash	64	76	72	46	64	60	68
Short-Term Investments	-	-	118	108	93	103	109
Accounts Receivable	48	27	56	45	36	57	57
Inventories, net	4.22	5.00	6.85	7.54	4.96	5.20	4.86
Prepaid Expenses	14	17	12	18	19	16	14
Other Current Assets	-	-	-	-	-	5.79	4.77
Plant, Property, & Equipment, net	333	344	347	367	0.00	0.00	422
Total Noncurrent Assets	1,973	1,972	1,996	2,038	2,472	2,480	2,070
Long-Term Investments	-	-	2.50	10	45	50	56
Goodwill	700	703	718	718	719	719	719
Intangible Assets	428	404	398	385	360	347	334
Noncurrent Deferred & Refundable Income Taxes	471	495	483	493	500	491	481
Other Noncurrent Operating Assets	374	371	395	432	848	874	480
Total Liabilities & Shareholders' Equity	2,846	2,906	2,848	2,945	2,993	2,974	3,048
Total Liabilities	3,094	3,064	3,064	3,110	3,092	3,294	3,315
Total Current Liabilities	258	250	274	273	247	272	286
Short-Term Debt	21	21	21	21	21	21	23
Accounts Payable	22	17	29	28	21	30	32
Accrued Expenses	54	47	45	56	44	57	67
Customer Deposits	32	13	12	14	7.59	5.14	10
Current Deferred Revenue	56	73	72	64	77	76	68
Current Deferred & Payable Income Tax Liabilities	31	32	41	38	41	49	49
Other Current Liabilities	41	47	54	51	35	35	39
Total Noncurrent Liabilities	2,836	2,814	2,790	2,837	2,846	3,022	3,029
Long-Term Debt	1,982	1,974	1,970	1,967	1,959	2,157	2,152
Capital Lease Obligations	342	336	347	380	390	401	409
Noncurrent Deferred Revenue	33	33	33	33	34	34	34
Noncurrent Deferred & Payable Income Tax Liabilities	0.97	1.46	1.40	1.40	1.67	1.60	1.57
Other Noncurrent Operating Liabilities	478	469	438	456	461	428	433
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-248	-159	-216	-165	-99	-320	-267
Total Preferred & Common Equity	-204	-151	-202	-157	-96	-318	-266
Total Common Equity	-204	-151	-202	-157	-96	-318	-266
Common Stock	534	555	564	570	581	594	603
Retained Earnings	-737	-706	-766	-727	-677	-911	-869
Accumulated Other Comprehensive Income / (Loss)	-0.63	-0.37	-0.33	-0.68	-0.44	-1.10	0.22
Noncontrolling Interest	-44	-7.47	-14	-7.85	-2.82	-2.17	-0.98

This table displays calculated financial ratios and metrics derived from Planet Fitness' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.14%	14.43%	13.67%	33.25%	188.92%	-75.43%	44.37%	59.58%	14.36%	10.30%
EBITDA Growth	12.34%	42.59%	230.48%	-56.38%	-0.44%	-42.47%	61.27%	85.96%	14.26%	13.56%
EBIT Growth	19.16%	62.94%	296.87%	-61.70%	-6.07%	-61.30%	104.59%	85.24%	12.78%	17.11%
NOPAT Growth	-2.51%	57.62%	-79.15%	653.66%	26.52%	-77.05%	205.45%	23.72%	23.94%	19.56%
Net Income Growth	2.24%	86.85%	-21.96%	85.54%	31.26%	-111.23%	403.35%	139.49%	33.12%	18.50%
EPS Growth	0.00%	0.00%	0.00%	0.00%	41.00%	-113.48%	368.42%	131.37%	37.29%	23.46%
Operating Cash Flow Growth	2.84%	33.25%	20.40%	40.74%	10.80%	-84.76%	507.90%	26.90%	37.49%	4.12%
Free Cash Flow Firm Growth	122.39%	-5.09%	-68.16%	299.67%	-117.18%	89.18%	15,513.17%	-397.33%	105.50%	271.38%
Invested Capital Growth	-7.75%	0.12%	-2.19%	6.38%	43.09%	6.55%	-28.57%	224.21%	8.55%	1.82%
Revenue Q/Q Growth	0.00%	2.88%	4.27%	7.57%	146.44%	-71.58%	34.88%	-0.46%	0.36%	4.92%
EBITDA Q/Q Growth	0.00%	4.75%	178.82%	-58.67%	-16.72%	46.73%	0.51%	15.57%	1.99%	3.23%
EBIT Q/Q Growth	0.00%	5.66%	225.20%	-63.70%	-21.78%	137.87%	-0.46%	15.63%	1.42%	4.46%
NOPAT Q/Q Growth	0.00%	8.37%	-81.00%	394.53%	1.43%	-34.20%	27.39%	7.80%	0.41%	8.28%
Net Income Q/Q Growth	0.00%	7.08%	-27.53%	37.16%	4.21%	-262.28%	-6.86%	37.37%	0.29%	6.61%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-337.50%	-7.27%	42.17%	0.00%	7.53%
Operating Cash Flow Q/Q Growth	-6.03%	7.92%	3.90%	1.39%	5.72%	-37.04%	3.58%	4.34%	4.28%	-3.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-60.72%	147.86%	-112.68%	77.49%	153.93%	-2.39%	-42.68%	26.45%
Invested Capital Q/Q Growth	0.00%	1.93%	-5.98%	3.92%	41.63%	30.74%	-1.10%	1.77%	4.05%	2.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.66%	67.66%	69.93%	71.61%	88.25%	82.55%	82.80%	81.08%	82.26%	83.32%
EBITDA Margin	32.10%	39.99%	116.28%	38.07%	13.12%	30.72%	34.32%	39.99%	39.95%	41.13%
Operating Margin	21.81%	30.58%	34.32%	32.13%	14.08%	14.70%	24.43%	24.56%	25.47%	27.44%
EBIT Margin	21.73%	30.94%	108.03%	31.05%	10.09%	15.90%	22.54%	26.16%	25.80%	27.39%
Profit (Net Income) Margin	11.54%	18.84%	12.93%	18.01%	8.18%	-3.74%	7.86%	11.79%	13.72%	14.75%
Tax Burden Percent	80.65%	79.24%	12.96%	78.27%	78.19%	104.73%	88.76%	68.42%	70.85%	70.62%
Interest Burden Percent	65.82%	76.82%	92.40%	74.10%	103.66%	-22.45%	39.28%	65.88%	75.09%	76.23%
Effective Tax Rate	19.35%	20.76%	87.04%	21.73%	21.81%	0.00%	10.89%	31.29%	28.19%	27.74%
Return on Invested Capital (ROIC)	12.39%	20.34%	4.29%	31.65%	31.96%	6.03%	20.84%	14.59%	11.34%	12.91%
ROIC Less NNEP Spread (ROIC-NNEP)	7.31%	16.68%	10.11%	25.97%	27.76%	1.96%	14.50%	11.43%	8.76%	9.88%
Return on Net Nonoperating Assets (RNNOA)	38.22%	-86.36%	-35.10%	-70.66%	-56.79%	-3.88%	-27.68%	-40.44%	-100.31%	-117.13%
Return on Equity (ROE)	50.61%	-66.02%	-30.81%	-39.01%	-24.83%	2.15%	-6.84%	-25.86%	-88.96%	-104.22%
Cash Return on Invested Capital (CROIC)	20.45%	20.21%	6.50%	25.47%	-3.49%	-0.31%	54.17%	-91.12%	3.14%	11.11%
Operating Return on Assets (OROA)	11.04%	13.76%	44.29%	14.52%	10.88%	3.63%	6.84%	10.06%	9.49%	10.72%
Return on Assets (ROA)	5.86%	8.38%	5.30%	8.42%	8.82%	-0.85%	2.39%	4.54%	5.05%	5.77%
Return on Common Equity (ROCE)	43.71%	-44.71%	-22.15%	-37.12%	-24.62%	2.15%	-6.85%	-25.55%	-84.69%	-103.18%
Return on Equity Simple (ROE_SIMPLE)	-247.92%	-54.49%	-43.21%	-27.54%	-19.17%	2.15%	-7.15%	-55.50%	-127.14%	-80.90%
Net Operating Profit after Tax (NOPAT)	58	92	19	144	182	42	128	158	196	234
NOPAT Margin	17.59%	24.23%	4.45%	25.14%	11.01%	10.29%	21.77%	16.88%	18.29%	19.83%
Net Nonoperating Expense Percent (NNEP)	5.08%	3.65%	-5.82%	5.68%	4.20%	4.07%	6.34%	3.15%	2.58%	3.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.42%	8.72%	9.92%
Cost of Revenue to Revenue	34.34%	32.34%	30.07%	28.39%	11.75%	17.45%	17.20%	18.92%	17.74%	16.68%
SG&A Expenses to Revenue	16.81%	13.22%	14.04%	12.65%	9.96%	16.87%	16.11%	35.68%	35.33%	35.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.85%	37.08%	35.62%	39.48%	43.32%	67.85%	58.37%	56.52%	56.79%	55.88%
Earnings before Interest and Taxes (EBIT)	72	117	464	178	167	65	132	245	276	324
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	106	151	500	218	217	125	201	375	428	486
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.10	5.24	7.92	9.14	4.08	16.52	13.36	7.53	6.01	7.08
Price to Earnings (P/E)	73.25	92.16	102.77	59.48	57.33	0.00	183.40	71.00	46.52	48.61
Dividend Yield	0.00%	13.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.37%	1.09%	0.97%	1.68%	1.74%	0.00%	0.55%	1.41%	2.15%	2.06%
Enterprise Value to Invested Capital (EV/IC)	4.05	5.68	9.02	12.96	12.10	11.38	17.62	5.38	4.64	5.69
Enterprise Value to Revenue (EV/Rev)	5.51	6.78	9.26	10.61	4.91	20.01	15.33	9.51	7.79	8.81
Enterprise Value to EBITDA (EV/EBITDA)	17.18	16.94	7.96	27.88	37.43	65.15	44.68	23.79	19.51	21.42
Enterprise Value to EBIT (EV/EBIT)	25.37	21.90	8.57	34.18	48.64	125.85	68.04	36.37	30.21	32.16
Enterprise Value to NOPAT (EV/NOPAT)	31.34	27.97	208.21	42.20	44.58	194.54	70.44	56.38	42.61	44.44
Enterprise Value to Operating Cash Flow (EV/OCF)	22.31	23.55	30.37	32.97	39.77	261.35	47.55	37.11	25.28	30.27
Enterprise Value to Free Cash Flow (EV/FCFF)	18.98	28.14	137.20	52.44	0.00	0.00	27.10	0.00	153.79	51.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-448.96	-3.30	-4.82	-3.06	-2.63	-2.74	-2.73	-11.06	-19.88	-11.96
Long-Term Debt to Equity	-444.24	-3.27	-4.77	-3.03	-2.60	-2.72	-2.71	-10.97	-19.70	-11.86
Financial Leverage	5.23	-5.18	-3.47	-2.72	-2.05	-1.98	-1.91	-3.54	-11.45	-11.85
Leverage Ratio	8.64	-7.88	-5.81	-4.63	-2.82	-2.52	-2.87	-5.70	-17.62	-18.06
Compound Leverage Factor	5.68	-6.05	-5.37	-3.43	-2.92	0.57	-1.13	-3.76	-13.23	-13.77
Debt to Total Capital	100.22%	143.43%	126.21%	148.49%	161.53%	157.32%	157.66%	109.94%	105.30%	109.12%
Short-Term Debt to Total Capital	1.05%	1.45%	1.29%	1.52%	1.52%	1.42%	1.57%	0.97%	0.92%	0.95%
Long-Term Debt to Total Capital	99.17%	141.98%	124.92%	146.97%	160.01%	155.90%	156.09%	108.96%	104.37%	108.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.96%	-16.99%	-3.13%	-1.04%	-0.11%	0.02%	0.23%	-0.59%	-0.15%	0.00%
Common Equity to Total Capital	-3.18%	-26.45%	-23.08%	-47.45%	-61.42%	-57.33%	-57.88%	-9.35%	-5.15%	-9.12%
Debt to EBITDA	4.57	4.69	1.41	5.37	8.56	15.51	8.73	6.25	5.53	5.30
Net Debt to EBITDA	4.26	4.40	1.18	3.91	6.35	11.38	5.73	4.99	4.48	4.21
Long-Term Debt to EBITDA	4.52	4.64	1.39	5.32	8.48	15.37	8.64	6.19	5.48	5.25
Debt to NOPAT	8.34	7.74	36.82	8.14	10.19	46.30	13.76	14.81	12.07	11.00
Net Debt to NOPAT	7.76	7.26	30.90	5.91	7.57	33.97	9.03	11.82	9.79	8.74
Long-Term Debt to NOPAT	8.25	7.66	36.44	8.05	10.10	45.88	13.62	14.68	11.97	10.90
Altman Z-Score	1.96	1.52	3.34	2.49	2.63	1.64	2.08	1.78	1.68	2.00
Noncontrolling Interest Sharing Ratio	13.63%	32.28%	28.11%	4.85%	0.87%	0.08%	-0.20%	1.18%	4.81%	1.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.10	1.59	2.96	3.71	5.07	3.75	2.27	1.88	2.08
Quick Ratio	0.92	0.94	1.44	2.59	3.35	4.22	3.32	1.93	1.61	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	96	91	29	116	-20	-2.16	332	-988	54	202
Operating Cash Flow to CapEx	426.19%	740.55%	353.71%	453.47%	353.60%	59.56%	350.35%	240.21%	243.04%	223.78%
Free Cash Flow to Firm to Interest Expense	0.00	3.36	0.82	2.28	-0.33	-0.03	4.09	-11.14	0.63	2.02
Operating Cash Flow to Interest Expense	0.00	4.01	3.71	3.63	3.36	0.38	2.33	2.71	3.81	3.44
Operating Cash Flow Less CapEx to Interest Expense	0.00	3.47	2.66	2.83	2.41	-0.26	1.67	1.58	2.25	1.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.44	0.41	0.47	1.08	0.23	0.30	0.38	0.37	0.39
Accounts Receivable Turnover	13.15	11.20	10.18	11.65	32.14	9.60	15.87	18.37	18.77	16.09
Inventory Turnover	29.99	38.47	57.53	41.63	64.83	105.12	124.07	55.19	38.22	36.43
Fixed Asset Turnover	6.25	6.44	5.95	5.80	12.74	0.00	0.00	3.59	2.90	2.90
Accounts Payable Turnover	4.48	4.66	4.52	5.51	7.52	3.49	4.27	7.31	8.57	6.96
Days Sales Outstanding (DSO)	27.75	32.58	35.87	31.33	11.36	38.01	23.00	19.87	19.45	22.69
Days Inventory Outstanding (DIO)	12.17	9.49	6.34	8.77	5.63	3.47	2.94	6.61	9.55	10.02
Days Payable Outstanding (DPO)	81.51	78.27	80.69	66.29	48.52	104.57	85.44	49.92	42.61	52.47
Cash Conversion Cycle (CCC)	-41.59	-36.20	-38.48	-26.19	-31.53	-63.08	-59.50	-23.44	-13.61	-19.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	450	451	441	469	671	715	511	1,657	1,798	1,831
Invested Capital Turnover	0.70	0.84	0.96	1.26	2.90	0.59	0.96	0.86	0.62	0.65
Increase / (Decrease) in Invested Capital	-38	0.56	-9.89	28	202	44	-204	1,146	142	33
Enterprise Value (EV)	1,822	2,563	3,980	6,079	8,126	8,138	9,001	8,913	8,349	10,410
Market Capitalization	1,356	1,981	3,406	5,235	6,748	6,717	7,845	7,057	6,435	8,364
Book Value per Share	($0.16)	($1.33)	($1.31)	($3.84)	($7.82)	($8.16)	($7.45)	($2.22)	($1.31)	($2.55)
Tangible Book Value per Share	($4.72)	($5.70)	($5.50)	($8.28)	($12.93)	($13.30)	($12.41)	($14.72)	($13.68)	($14.89)
Total Capital	484	494	558	789	1,150	1,231	1,115	2,129	2,246	2,360
Total Debt	485	709	704	1,172	1,858	1,937	1,758	2,341	2,365	2,576
Total Long-Term Debt	480	702	697	1,160	1,840	1,919	1,740	2,320	2,344	2,553
Net Debt	451	666	591	852	1,379	1,421	1,154	1,868	1,917	2,046
Capital Expenditures (CapEx)	19	15	37	41	58	52	54	100	136	154
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-22	-28	-40	-51	-67	-43	-101	-141	-156	-136
Debt-free Net Working Capital (DFNWC)	12	15	73	269	412	472	503	332	241	328
Net Working Capital (NWC)	6.69	7.95	66	257	395	455	486	311	220	306
Net Nonoperating Expense (NNE)	20	20	-36	41	47	57	82	48	49	60
Net Nonoperating Obligations (NNO)	451	666	587	852	1,379	1,421	1,154	1,868	1,917	2,046
Total Depreciation and Amortization (D&A)	34	34	35	40	50	60	69	130	152	162
Debt-free, Cash-free Net Working Capital to Revenue	-6.53%	-7.49%	-9.34%	-8.90%	-4.03%	-10.67%	-17.14%	-15.02%	-14.54%	-11.49%
Debt-free Net Working Capital to Revenue	3.57%	4.00%	16.96%	46.98%	24.90%	116.18%	85.74%	35.41%	22.52%	27.76%
Net Working Capital to Revenue	2.02%	2.10%	15.29%	44.88%	23.84%	111.88%	82.76%	33.20%	20.58%	25.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.42	($0.19)	$0.51	$1.18	$1.63	$2.01
Adjusted Weighted Average Basic Shares Outstanding	98.71M	98.50M	98.38M	93.04M	82.98M	80.30M	83.30M	84.14M	84.90M	85.62M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.41	($0.19)	$0.51	$1.18	$1.62	$2.00
Adjusted Weighted Average Diluted Shares Outstanding	98.71M	98.50M	98.38M	93.04M	83.62M	80.30M	83.89M	84.54M	85.18M	85.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	98.71M	98.50M	98.38M	93.04M	87.10M	86.55M	91.03M	89.44M	88.17M	84.67M
Normalized Net Operating Profit after Tax (NOPAT)	58	92	103	144	182	42	128	158	196	234
Normalized NOPAT Margin	17.59%	24.23%	24.02%	25.14%	11.01%	10.29%	21.77%	16.88%	18.29%	19.83%
Pre Tax Income Margin	14.30%	23.77%	99.82%	23.01%	10.46%	-3.57%	8.85%	17.23%	19.37%	20.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	4.31	13.14	3.51	2.75	0.79	1.63	2.77	3.19	3.24
NOPAT to Interest Expense	0.00	3.38	0.54	2.84	3.00	0.51	1.57	1.78	2.26	2.34
EBIT Less CapEx to Interest Expense	0.00	3.77	12.10	2.70	1.80	0.15	0.96	1.64	1.62	1.70
NOPAT Less CapEx to Interest Expense	0.00	2.84	-0.51	2.04	2.05	-0.13	0.91	0.66	0.69	0.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	462.85%	425.07%	23.98%	8.97%	5.67%	-13.52%	1.63%	4.19%	3.13%	2.75%
Augmented Payout Ratio	462.85%	427.29%	23.98%	340.86%	344.02%	-13.52%	1.63%	89.58%	88.17%	175.04%

This table displays calculated financial ratios and metrics derived from Planet Fitness' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	58.43%	-1.51%	19.04%	27.63%	13.57%	1.36%	11.61%	5.05%	5.29%	19.42%
EBITDA Growth	59.57%	91.94%	12.33%	29.02%	9.38%	7.94%	18.61%	12.18%	11.10%	13.35%
EBIT Growth	47.48%	88.91%	-0.91%	40.07%	8.70%	5.48%	27.17%	14.28%	11.30%	18.63%
NOPAT Growth	24.03%	125.17%	26.35%	38.04%	33.26%	2.38%	24.95%	11.97%	7.55%	37.61%
Net Income Growth	64.65%	478.17%	34.79%	76.22%	34.71%	1.18%	41.20%	11.62%	2.59%	29.38%
EPS Growth	52.38%	583.33%	42.11%	84.62%	43.75%	0.00%	44.44%	16.67%	8.70%	34.15%
Operating Cash Flow Growth	6.57%	25.08%	68.78%	13.72%	36.71%	27.23%	-8.35%	31.63%	15.70%	-22.43%
Free Cash Flow Firm Growth	-1,783.83%	-589.16%	105.95%	103.10%	95.72%	91.40%	-231.36%	-225.78%	104.01%	134.01%
Invested Capital Growth	215.06%	224.21%	-1.55%	1.41%	6.17%	8.55%	7.97%	6.22%	3.29%	1.82%
Revenue Q/Q Growth	8.89%	15.09%	-20.99%	28.91%	-3.11%	2.72%	-13.00%	21.34%	-2.89%	16.49%
EBITDA Q/Q Growth	13.34%	4.69%	-14.92%	27.81%	-3.92%	3.31%	-6.51%	20.87%	-4.84%	5.41%
EBIT Q/Q Growth	20.74%	5.52%	-25.73%	48.03%	-6.30%	2.40%	-10.46%	33.03%	-8.74%	9.14%
NOPAT Q/Q Growth	-0.23%	12.21%	-17.98%	50.34%	-3.68%	-13.79%	0.10%	34.72%	-7.49%	10.30%
Net Income Q/Q Growth	22.36%	18.43%	-31.83%	78.37%	-6.46%	-11.04%	-4.87%	41.00%	-14.03%	12.19%
EPS Q/Q Growth	23.08%	28.13%	-34.15%	77.78%	-4.17%	-10.87%	-4.88%	43.59%	-10.71%	10.00%
Operating Cash Flow Q/Q Growth	53.41%	-37.90%	96.68%	-39.31%	84.43%	-42.21%	41.68%	-12.83%	62.11%	-61.25%
Free Cash Flow Firm Q/Q Growth	0.19%	-2.76%	105.77%	-47.58%	-237.72%	-106.45%	11.87%	49.80%	104.40%	1,649.07%
Invested Capital Q/Q Growth	-2.52%	1.77%	-1.24%	3.50%	2.06%	4.05%	-1.76%	1.82%	-0.75%	2.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.14%	73.77%	91.29%	79.24%	80.63%	79.84%	92.34%	82.74%	84.36%	76.36%
EBITDA Margin	41.18%	37.46%	40.34%	39.99%	39.66%	39.89%	42.87%	42.71%	41.85%	37.86%
Operating Margin	25.34%	22.89%	23.47%	26.88%	26.07%	25.03%	26.54%	29.04%	27.80%	26.36%
EBIT Margin	27.29%	25.02%	23.52%	27.01%	26.12%	26.04%	26.80%	29.38%	27.61%	25.87%
Profit (Net Income) Margin	12.55%	12.92%	11.15%	15.42%	14.89%	12.90%	14.10%	16.39%	14.51%	13.97%
Tax Burden Percent	66.20%	71.19%	71.58%	73.55%	75.08%	63.57%	69.26%	70.95%	71.01%	70.96%
Interest Burden Percent	69.48%	72.52%	66.20%	77.63%	75.92%	77.90%	75.97%	78.61%	73.98%	76.11%
Effective Tax Rate	33.80%	28.55%	27.65%	26.33%	24.48%	33.99%	28.37%	27.30%	27.68%	27.78%
Return on Invested Capital (ROIC)	14.73%	14.14%	10.01%	12.18%	12.52%	10.25%	12.26%	13.44%	12.89%	12.40%
ROIC Less NNEP Spread (ROIC-NNEP)	14.05%	13.50%	9.31%	11.52%	11.82%	9.70%	11.59%	12.73%	12.06%	11.53%
Return on Net Nonoperating Assets (RNNOA)	-47.28%	-47.74%	-92.36%	-98.61%	-107.84%	-111.09%	-164.62%	-95.72%	-110.15%	-136.64%
Return on Equity (ROE)	-32.56%	-33.60%	-82.35%	-86.43%	-95.31%	-100.84%	-152.36%	-82.28%	-97.26%	-124.24%
Cash Return on Invested Capital (CROIC)	-89.95%	-91.12%	11.59%	9.40%	5.64%	3.14%	4.40%	6.12%	9.08%	11.11%
Operating Return on Assets (OROA)	10.71%	9.63%	7.76%	9.75%	9.63%	9.58%	9.97%	11.22%	10.38%	10.12%
Return on Assets (ROA)	4.93%	4.97%	3.68%	5.57%	5.49%	4.74%	5.25%	6.26%	5.45%	5.47%
Return on Common Equity (ROCE)	-31.04%	-33.21%	-81.07%	-75.23%	-83.24%	-95.99%	-146.28%	-79.80%	-95.27%	-123.00%
Return on Equity Simple (ROE_SIMPLE)	-39.48%	0.00%	-77.33%	-67.32%	-93.33%	0.00%	-163.09%	-51.11%	-61.41%	0.00%
Net Operating Profit after Tax (NOPAT)	41	46	38	57	55	47	47	64	59	65
NOPAT Margin	16.78%	16.36%	16.98%	19.80%	19.69%	16.52%	19.01%	21.11%	20.11%	19.04%
Net Nonoperating Expense Percent (NNEP)	0.68%	0.64%	0.71%	0.66%	0.71%	0.55%	0.67%	0.71%	0.83%	0.87%
Return On Investment Capital (ROIC_SIMPLE)	-	2.16%	-	-	-	2.10%	-	-	-	2.75%
Cost of Revenue to Revenue	19.86%	26.23%	8.71%	20.76%	19.37%	20.16%	7.66%	17.26%	15.64%	23.64%
SG&A Expenses to Revenue	11.11%	88.21%	12.50%	11.40%	34.74%	77.77%	11.77%	10.50%	35.68%	74.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.80%	50.88%	67.82%	52.36%	54.57%	54.81%	65.80%	53.71%	56.56%	50.00%
Earnings before Interest and Taxes (EBIT)	67	70	52	77	72	74	66	88	81	88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	101	105	90	115	110	114	106	129	122	129
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.54	7.53	7.14	5.82	4.06	6.01	5.03	5.84	6.14	7.08
Price to Earnings (P/E)	72.94	71.00	65.76	48.34	31.72	46.52	36.83	41.22	43.15	48.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.37%	1.41%	1.52%	2.07%	3.15%	2.15%	2.71%	2.43%	2.32%	2.06%
Enterprise Value to Invested Capital (EV/IC)	4.33	5.38	5.34	4.67	3.60	4.64	4.18	4.78	5.02	5.69
Enterprise Value to Revenue (EV/Rev)	7.48	9.51	8.98	7.65	5.83	7.79	6.73	7.74	7.96	8.81
Enterprise Value to EBITDA (EV/EBITDA)	21.73	23.79	22.72	19.28	14.82	19.51	16.61	18.76	19.05	21.42
Enterprise Value to EBIT (EV/EBIT)	33.23	36.37	35.71	29.66	22.82	30.21	25.42	28.53	28.95	32.16
Enterprise Value to NOPAT (EV/NOPAT)	48.03	56.38	52.81	43.58	31.88	42.61	35.96	40.55	41.45	44.44
Enterprise Value to Operating Cash Flow (EV/OCF)	30.59	37.11	31.18	27.54	19.64	25.28	22.93	25.25	25.05	30.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	45.71	50.06	65.68	153.79	98.57	80.53	56.25	51.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-9.45	-11.06	-14.70	-10.83	-14.35	-19.88	-23.89	-8.06	-9.67	-11.96
Long-Term Debt to Equity	-9.37	-10.97	-14.57	-10.73	-14.23	-19.70	-23.68	-8.00	-9.59	-11.86
Financial Leverage	-3.37	-3.54	-9.92	-8.56	-9.13	-11.45	-14.20	-7.52	-9.13	-11.85
Leverage Ratio	-5.29	-5.70	-15.96	-12.88	-14.02	-17.62	-22.88	-10.87	-13.87	-18.06
Compound Leverage Factor	-3.68	-4.13	-10.57	-10.00	-10.64	-13.73	-17.38	-8.54	-10.26	-13.75
Debt to Total Capital	111.83%	109.94%	107.30%	110.18%	107.49%	105.30%	104.37%	114.16%	111.53%	109.12%
Short-Term Debt to Total Capital	0.99%	0.97%	0.96%	0.98%	0.94%	0.92%	0.91%	0.91%	0.97%	0.95%
Long-Term Debt to Total Capital	110.84%	108.96%	106.34%	109.20%	106.55%	104.37%	103.46%	113.25%	110.56%	108.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-2.12%	-0.59%	-0.34%	-0.66%	-0.36%	-0.15%	-0.12%	-0.10%	-0.04%	0.00%
Common Equity to Total Capital	-9.71%	-9.35%	-6.96%	-9.52%	-7.13%	-5.15%	-4.25%	-14.06%	-11.49%	-9.12%
Debt to EBITDA	7.23	6.25	6.06	5.70	5.64	5.53	5.33	5.62	5.49	5.30
Net Debt to EBITDA	5.79	4.99	4.67	4.65	4.51	4.48	4.20	4.62	4.36	4.21
Long-Term Debt to EBITDA	7.17	6.19	6.01	5.65	5.59	5.48	5.28	5.58	5.44	5.25
Debt to NOPAT	15.99	14.81	14.09	12.88	12.13	12.07	11.54	12.15	11.94	11.00
Net Debt to NOPAT	12.79	11.82	10.85	10.52	9.70	9.79	9.08	9.98	9.49	8.74
Long-Term Debt to NOPAT	15.85	14.68	13.97	12.77	12.03	11.97	11.44	12.05	11.84	10.90
Altman Z-Score	1.17	1.58	1.55	1.35	1.04	1.46	1.30	1.31	1.42	1.75
Noncontrolling Interest Sharing Ratio	4.67%	1.18%	1.55%	12.95%	12.66%	4.81%	3.99%	3.02%	2.04%	1.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.09	2.27	2.35	1.84	1.98	1.88	2.11	1.81	1.94	2.08
Quick Ratio	1.75	1.93	1.95	1.49	1.70	1.61	1.75	1.50	1.62	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,070	-1,100	63	33	-46	-95	-83	-42	1.84	32
Operating Cash Flow to CapEx	338.03%	142.56%	425.75%	268.31%	277.49%	123.57%	341.04%	205.65%	260.77%	119.06%
Free Cash Flow to Firm to Interest Expense	-48.83	-49.76	2.94	1.55	-2.11	-4.34	-3.89	-1.70	0.07	1.17
Operating Cash Flow to Interest Expense	3.66	2.25	4.53	2.77	5.05	2.90	4.19	3.19	4.77	1.79
Operating Cash Flow Less CapEx to Interest Expense	2.58	0.67	3.47	1.74	3.23	0.55	2.96	1.64	2.94	0.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.38	0.33	0.36	0.37	0.37	0.37	0.38	0.38	0.39
Accounts Receivable Turnover	27.25	18.37	32.50	20.51	22.83	18.77	34.46	19.67	22.11	16.09
Inventory Turnover	36.25	55.19	51.68	40.65	35.09	38.22	38.10	30.22	28.09	36.43
Fixed Asset Turnover	0.00	3.59	2.87	3.04	3.05	2.90	0.00	0.00	2.86	2.90
Accounts Payable Turnover	6.87	7.31	8.47	7.77	8.16	8.57	10.11	6.15	5.78	6.96
Days Sales Outstanding (DSO)	13.40	19.87	11.23	17.80	15.99	19.45	10.59	18.55	16.51	22.69
Days Inventory Outstanding (DIO)	10.07	6.61	7.06	8.98	10.40	9.55	9.58	12.08	12.99	10.02
Days Payable Outstanding (DPO)	53.14	49.92	43.07	46.98	44.74	42.61	36.10	59.31	63.12	52.47
Cash Conversion Cycle (CCC)	-29.67	-23.44	-24.78	-20.21	-18.35	-13.61	-15.93	-28.67	-33.62	-19.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,628	1,657	1,636	1,693	1,728	1,798	1,767	1,799	1,785	1,831
Invested Capital Turnover	0.88	0.86	0.59	0.62	0.64	0.62	0.64	0.64	0.64	0.65
Increase / (Decrease) in Invested Capital	1,111	1,146	-26	23	100	142	130	105	57	33
Enterprise Value (EV)	7,043	8,913	8,734	7,910	6,220	8,349	7,385	8,605	8,969	10,410
Market Capitalization	5,212	7,057	6,947	6,015	4,335	6,435	5,522	6,489	6,917	8,364
Book Value per Share	($2.25)	($2.22)	($1.79)	($2.26)	($1.78)	($1.31)	($1.09)	($3.60)	($3.12)	($2.55)
Tangible Book Value per Share	($14.73)	($14.72)	($14.90)	($14.78)	($14.30)	($13.68)	($13.33)	($15.69)	($15.49)	($14.89)
Total Capital	2,097	2,129	2,172	2,122	2,202	2,246	2,271	2,259	2,316	2,360
Total Debt	2,345	2,341	2,331	2,338	2,367	2,365	2,370	2,578	2,583	2,576
Total Long-Term Debt	2,324	2,320	2,310	2,317	2,346	2,344	2,349	2,558	2,561	2,553
Net Debt	1,876	1,868	1,795	1,909	1,893	1,917	1,866	2,119	2,052	2,046
Capital Expenditures (CapEx)	24	35	23	22	39	51	26	38	49	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-166	-141	-177	-175	-176	-156	-164	-168	-183	-136
Debt-free Net Working Capital (DFNWC)	303	332	359	252	288	241	295	242	293	328
Net Working Capital (NWC)	282	311	339	231	267	220	274	222	270	306
Net Nonoperating Expense (NNE)	10	9.68	13	13	13	10	12	14	16	17
Net Nonoperating Obligations (NNO)	1,876	1,868	1,795	1,909	1,893	1,917	1,866	2,119	2,052	2,046
Total Depreciation and Amortization (D&A)	34	35	37	37	38	39	40	40	42	41
Debt-free, Cash-free Net Working Capital to Revenue	-17.63%	-15.02%	-18.21%	-16.89%	-16.47%	-14.54%	-14.96%	-15.11%	-16.24%	-11.49%
Debt-free Net Working Capital to Revenue	32.21%	35.41%	36.95%	24.33%	26.98%	22.52%	26.89%	21.79%	25.98%	27.76%
Net Working Capital to Revenue	30.00%	33.20%	34.82%	22.33%	25.04%	20.58%	25.00%	19.95%	23.99%	25.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.32	$0.40	$0.27	$0.49	$0.46	$0.41	$0.39	$0.56	$0.50	$0.56
Adjusted Weighted Average Basic Shares Outstanding	84.16M	84.14M	84.44M	84.62M	84.61M	84.90M	86.91M	86.81M	84.57M	85.62M
Adjusted Diluted Earnings per Share	$0.32	$0.41	$0.27	$0.48	$0.46	$0.41	$0.39	$0.56	$0.50	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	84.55M	84.54M	84.79M	84.91M	84.89M	85.18M	87.22M	86.96M	84.73M	85.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.56M	89.44M	89.19M	88.14M	88.15M	88.17M	88.18M	85.17M	84.59M	84.67M
Normalized Net Operating Profit after Tax (NOPAT)	41	46	38	57	55	47	47	64	59	65
Normalized NOPAT Margin	16.78%	16.36%	16.98%	19.80%	19.69%	16.52%	19.01%	21.11%	20.11%	19.04%
Pre Tax Income Margin	18.96%	18.15%	15.57%	20.97%	19.83%	20.29%	20.36%	23.10%	20.43%	19.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.04	3.18	2.42	3.60	3.34	3.40	3.10	3.60	3.03	3.21
NOPAT to Interest Expense	1.87	2.08	1.75	2.64	2.52	2.16	2.20	2.59	2.21	2.36
EBIT Less CapEx to Interest Expense	1.96	1.60	1.36	2.57	1.52	1.05	1.87	2.05	1.21	1.70
NOPAT Less CapEx to Interest Expense	0.79	0.50	0.68	1.61	0.70	-0.19	0.97	1.04	0.38	0.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.76%	4.19%	4.21%	4.66%	4.02%	3.13%	2.36%	1.60%	2.28%	2.75%
Augmented Payout Ratio	121.06%	89.58%	106.32%	133.41%	89.31%	88.17%	78.70%	186.49%	185.96%	175.04%

Frequently Asked Questions About Planet Fitness' Financials

When does Planet Fitness's financial year end?

According to the most recent income statement we have on file, Planet Fitness' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Planet Fitness' net income changed over the last 9 years?

Planet Fitness' net income appears to be on an upward trend, with a most recent value of $174.24 million in 2024, rising from $38.13 million in 2015. The previous period was $147.04 million in 2023.

What is Planet Fitness's operating income?

Planet Fitness's total operating income in 2024 was $324.20 million, based on the following breakdown:

Total Gross Profit: $984.53 million
Total Operating Expenses: $660.33 million

How has Planet Fitness revenue changed over the last 9 years?

Over the last 9 years, Planet Fitness' total revenue changed from $330.54 million in 2015 to $1.18 billion in 2024, a change of 257.5%.

How much debt does Planet Fitness have?

Planet Fitness' total liabilities were at $3.29 billion at the end of 2024, a 6.4% increase from 2023, and a 369.1% increase since 2015.

How much cash does Planet Fitness have?

In the past 9 years, Planet Fitness' cash and equivalents has ranged from $31.43 million in 2015 to $545.91 million in 2021, and is currently $293.15 million as of their latest financial filing in 2024.

How has Planet Fitness' book value per share changed over the last 9 years?

Over the last 9 years, Planet Fitness' book value per share changed from -0.16 in 2015 to -2.55 in 2024, a change of 1,533.1%.

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This page (NYSE:PLNT) was last updated on 4/14/2025 by MarketBeat.com Staff

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Planet Fitness (PLNT) Financials

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