PLNT Chart
About

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment. The Franchise segment includes operations related to the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with corporate-owned clubs in the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs; and the sale of fitness equipment to franchisee-owned clubs in the United States, Canada, and Mexico. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Leisure Market Cap 6.43B
Enterprise Value 8.76B Income 219.10M Sales 1.24B
Book/sh -6.00 Cash/sh 5.68 Dividend Yield —
Payout 0.00% Employees 4393 IPO —
P/E 29.48 Forward P/E 18.90 PEG —
P/S 5.20 P/B -12.87 P/C —
EV/EBITDA 15.95 EV/Sales 7.08 Quick Ratio 1.79
Current Ratio 2.11 Debt/Eq — LT Debt/Eq —
EPS (ttm) 2.62 EPS next Y 4.09 EPS Growth 32.50%
Revenue Growth 10.70% Earnings 2026-05-07 ROA 7.97%
ROE — ROIC — Gross Margin 59.49%
Oper. Margin 29.97% Profit Margin 17.71% Shs Outstand 79.70M
Shs Float 74.45M Short Float 10.22% Short Ratio 4.26
Short Interest — 52W High 114.47 52W Low 75.34
Beta 1.30 Avg Volume 1.85M Volume 810.18K
Target Price $114.50 Recom Strong_buy Prev Close $78.66
Price $77.23 Change -1.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$114.50
Mean price target
2. Current target
$77.23
Latest analyst target
3. DCF / Fair value
$41.55
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$77.23
Low
$90.00
High
$175.00
Mean
$114.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-25 main JP Morgan Overweight → Overweight $105
2026-02-25 main RBC Capital Outperform → Outperform $120
2026-01-29 main Macquarie Neutral → Neutral $100
2026-01-21 main Canaccord Genuity Buy → Buy $140
2026-01-16 main Morgan Stanley Overweight → Overweight $128
2025-12-10 init Guggenheim — → Buy $130
2025-11-17 main Canaccord Genuity Buy → Buy $139
2025-11-14 main Stifel Buy → Buy $130
2025-11-14 main RBC Capital Outperform → Outperform $120
2025-11-12 main Morgan Stanley Overweight → Overweight $123
2025-11-11 main Macquarie Neutral → Neutral $110
2025-11-07 main Canaccord Genuity Buy → Buy $130
2025-11-07 main JP Morgan Overweight → Overweight $110
2025-11-07 main RBC Capital Outperform → Outperform $115
2025-10-27 main Morgan Stanley Overweight → Overweight $119
2025-10-17 init UBS — → Buy $125
2025-09-15 main Canaccord Genuity Buy → Buy $126
2025-08-07 main Raymond James Strong Buy → Strong Buy $122
2025-06-12 main Canaccord Genuity Buy → Buy $126
2025-05-22 up Stifel Hold → Buy $120
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 368 — — Stock Award(Grant) at price 0.00 per share. BEARD STEPHEN W. Director — 2026-02-09 00:00:00 D
1 216 — — Stock Award(Grant) at price 0.00 per share. ANDERSON ENSHALLA Director — 2026-01-02 00:00:00 D
2 227 — — Stock Award(Grant) at price 0.00 per share. RATHKE FRANCES G Director — 2026-01-02 00:00:00 D
3 484 — — Stock Award(Grant) at price 0.00 per share. SPINELLI STEPHEN JR. Director — 2026-01-02 00:00:00 D
4 210 — — Stock Award(Grant) at price 0.00 per share. TANCO CHRISTOPHER Director — 2026-01-02 00:00:00 D
5 230 — — Stock Award(Grant) at price 0.00 per share. ANDERSON ENSHALLA Director — 2025-10-01 00:00:00 D
6 224 — — Stock Award(Grant) at price 0.00 per share. TANCO CHRISTOPHER Director — 2025-10-01 00:00:00 D
7 242 — — Stock Award(Grant) at price 0.00 per share. RATHKE FRANCES G Director — 2025-10-01 00:00:00 D
8 515 — — Stock Award(Grant) at price 0.00 per share. SPINELLI STEPHEN JR. Director — 2025-10-01 00:00:00 D
9 222 — — Stock Award(Grant) at price 0.00 per share. ANDERSON ENSHALLA Director — 2025-07-01 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.280.280.280.31
NormalizedEBITDA573.01M507.11M443.53M374.09M
NetIncomeFromContinuingOperationNetMinorityInterest219.10M172.04M138.31M99.40M
ReconciledDepreciation155.78M160.35M149.41M124.02M
ReconciledCostOfRevenue636.43M566.64M513.74M462.74M
EBITDA573.01M507.11M443.53M374.09M
EBIT417.22M346.76M294.12M250.07M
NetInterestIncome-85.25M-76.92M-68.83M-83.62M
InterestExpense108.24M100.04M86.58M88.63M
InterestIncome23.00M23.11M17.74M5.00M
NormalizedIncome219.10M172.04M138.31M99.40M
NetIncomeFromContinuingAndDiscontinuedOperation219.10M172.04M138.31M99.40M
TotalExpenses929.47M857.46M798.46M706.69M
TotalOperatingIncomeAsReported394.68M324.20M272.86M230.08M
DilutedAverageShares83.73M85.83M85.19M84.54M
BasicAverageShares83.52M85.62M84.90M84.14M
DilutedEPS2.622.001.621.18
BasicEPS2.622.011.631.18
DilutedNIAvailtoComStockholders219.10M172.04M138.31M99.40M
NetIncomeCommonStockholders219.10M172.04M138.31M99.40M
NetIncome219.10M172.04M138.31M99.40M
MinorityInterests-1.16M-2.20M-8.72M-11.05M
NetIncomeIncludingNoncontrollingInterests220.26M174.24M147.03M110.46M
NetIncomeContinuousOperations220.26M174.24M147.03M110.46M
EarningsFromEquityInterestNetOfTax-2.84M-4.04M-1.99M-467.00K
TaxProvision85.87M68.44M58.51M50.52M
PretaxIncome308.98M246.73M207.54M161.44M
OtherIncomeExpense-454.00K-548.00K3.51M14.98M
OtherNonOperatingIncomeExpenses-454.00K-548.00K3.51M14.98M
NetNonOperatingInterestIncomeExpense-85.25M-76.92M-68.83M-83.62M
InterestExpenseNonOperating108.24M100.04M86.58M88.63M
InterestIncomeNonOperating23.00M23.11M17.74M5.00M
OperatingIncome394.68M324.20M272.86M230.08M
OperatingExpense293.03M290.82M284.72M243.96M
OtherOperatingExpenses-385.00K1.33M10.38M5.08M
DepreciationAmortizationDepletionIncomeStatement155.78M160.35M149.41M124.02M
DepreciationAndAmortizationInIncomeStatement155.78M160.35M149.41M124.02M
SellingGeneralAndAdministration137.63M129.15M124.93M114.85M
GrossProfit687.71M615.02M557.59M474.03M
CostOfRevenue636.43M566.64M513.74M462.74M
TotalRevenue1.32B1.18B1.07B936.77M
OperatingRevenue1.32B1.18B1.07B936.77M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber80.45M84.32M86.76M83.43M
ShareIssued80.45M84.32M86.76M83.43M
NetDebt2.14B1.88B1.71B1.59B
TotalDebt2.90B2.58B2.37B2.34B
TangibleBookValue-1.48B-1.26B-1.21B-1.32B
InvestedCapital2.00B1.96B1.87B1.80B
WorkingCapital345.90M305.52M220.49M311.00M
NetTangibleAssets-1.48B-1.26B-1.21B-1.32B
CapitalLeaseObligations419.12M405.32M381.59M341.84M
CommonStockEquity-482.78M-215.38M-115.65M-199.01M
TotalCapitalization1.98B1.93B1.85B1.78B
TotalEquityGrossMinorityInterest-483.38M-215.37M-118.99M-211.56M
MinorityInterest-601.00K7.00K-3.34M-12.55M
StockholdersEquity-482.78M-215.38M-115.65M-199.01M
GainsLossesNotAffectingRetainedEarnings1.31M-2.35M172.00K-448.00K
OtherEquityAdjustments1.31M-2.35M172.00K-448.00K
RetainedEarnings-1.11B-822.16M-691.46M-703.72M
AdditionalPaidInCapital623.33M609.12M575.63M505.14M
CapitalStock8.00K9.00K9.00K9.00K
CommonStock8.00K9.00K9.00K9.00K
TotalLiabilitiesNetMinorityInterest3.59B3.29B3.09B3.07B
TotalNonCurrentLiabilitiesNetMinorityInterest3.27B3.00B2.84B2.82B
OtherNonCurrentLiabilities5.68M4.50M4.83M4.50M
TradeandOtherPayablesNonCurrent360.27M411.36M454.37M462.52M
NonCurrentDeferredLiabilities30.83M33.38M33.69M34.62M
NonCurrentDeferredRevenue29.66M31.99M32.05M33.15M
NonCurrentDeferredTaxesLiabilities1.18M1.39M1.64M1.47M
LongTermDebtAndCapitalLeaseObligation2.88B2.55B2.34B2.32B
LongTermCapitalLeaseObligation419.12M405.32M381.59M341.84M
LongTermDebt2.46B2.15B1.96B1.98B
CurrentLiabilities312.49M282.50M251.33M244.53M
OtherCurrentLiabilities59.45M41.55M39.61M50.51M
CurrentDeferredLiabilities58.59M62.11M59.59M53.76M
CurrentDeferredRevenue58.59M62.11M59.59M53.76M
CurrentDebtAndCapitalLeaseObligation23.88M22.50M20.75M20.75M
CurrentDebt23.88M22.50M20.75M20.75M
OtherCurrentBorrowings23.88M22.50M20.75M20.75M
PayablesAndAccruedExpenses170.57M156.34M131.38M119.51M
CurrentAccruedExpenses75.37M67.89M66.30M66.99M
Payables95.20M88.44M65.08M52.52M
TotalTaxPayable55.52M55.56M41.29M31.94M
AccountsPayable39.68M32.89M23.79M20.58M
TotalAssets3.10B3.07B2.97B2.85B
TotalNonCurrentAssets2.45B2.48B2.50B2.30B
OtherNonCurrentAssets5.40M7.06M3.87M3.86M
NonCurrentDeferredAssets406.72M470.20M504.19M454.56M
NonCurrentDeferredTaxesAssets406.72M470.20M504.19M454.56M
InvestmentsAndAdvances157.96M141.32M128.39M25.12M
OtherInvestments69.70M75.65M77.51M25.12M
InvestmentinFinancialAssets88.26M65.67M50.89M0.00
AvailableForSaleSecurities88.26M65.67M50.89M
GoodwillAndOtherIntangibleAssets998.86M1.04B1.09B1.12B
OtherIntangibleAssets286.41M323.32M372.51M417.07M
Goodwill712.45M720.63M717.50M702.69M
NetPPE876.07M819.16M771.41M695.76M
AccumulatedDepreciation-453.85M-370.12M-322.96M-227.87M
GrossPPE1.33B1.19B1.09B923.63M
Leases457.68M395.35M342.73M272.36M
ConstructionInProgress8.22M8.17M13.53M13.97M
OtherProperties620.18M575.64M560.60M490.02M
MachineryFurnitureEquipment239.93M206.21M173.61M137.34M
BuildingsAndImprovements3.48M3.48M2.57M8.59M
LandAndImprovements431.00K431.00K1.34M1.34M
Properties0.000.000.000.00
CurrentAssets658.39M588.02M471.82M555.53M
RestrictedCash66.30M56.52M46.28M62.66M
PrepaidAssets24.61M21.50M13.84M11.08M
Inventory7.58M6.15M4.68M5.27M
Receivables107.48M96.54M56.28M66.69M
OtherReceivables34.09M16.78M11.07M14.97M
TaxesReceivable2.96M2.62M3.31M5.47M
AccountsReceivable70.43M77.14M41.89M46.24M
AllowanceForDoubtfulAccountsReceivable-428.00K-30.00K0.000.00
GrossAccountsReceivable70.86M77.17M41.89M46.24M
CashCashEquivalentsAndShortTermInvestments452.41M407.31M350.74M409.84M
OtherShortTermInvestments106.76M114.16M74.90M0.00
CashAndCashEquivalents345.65M293.15M275.84M409.84M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow254.75M188.81M194.27M140.15M
RepurchaseOfCapitalStock-500.37M-300.20M-125.03M-94.31M
RepaymentOfDebt-431.71M-608.79M-20.94M-725.08M
IssuanceOfDebt750.00M800.00M0.00975.00M
IssuanceOfCapitalStock1.85M21.88M9.16M925.00K
CapitalExpenditure-163.67M-155.06M-135.99M-100.06M
InterestPaidSupplementalData100.25M90.85M81.18M80.96M
IncomeTaxPaidSupplementalData12.07M5.26M3.62M1.85M
EndCashPosition411.96M349.67M322.12M472.50M
BeginningCashPosition349.67M322.12M472.50M603.94M
EffectOfExchangeRateChanges2.12M-2.61M776.00K-808.00K
ChangesInCash60.16M30.17M-151.15M-130.63M
FinancingCashFlow-198.09M-105.00M-141.42M135.72M
CashFlowFromContinuingFinancingActivities-198.09M-105.00M-141.42M135.72M
NetOtherFinancingCharges-17.86M-17.88M-4.61M-20.80M
NetCommonStockIssuance-498.52M-278.33M-115.87M-93.39M
CommonStockPayments-500.37M-300.20M-125.03M-94.31M
CommonStockIssuance1.85M21.88M9.16M925.00K
NetIssuancePaymentsOfDebt318.29M191.21M-20.94M249.92M
NetLongTermDebtIssuance318.29M191.21M-20.94M249.92M
LongTermDebtPayments-431.71M-608.79M-20.94M-725.08M
LongTermDebtIssuance750.00M800.00M0.00975.00M
InvestingCashFlow-160.16M-208.71M-339.99M-506.57M
CashFlowFromContinuingInvestingActivities-160.16M-208.71M-339.99M-506.57M
NetOtherInvestingChanges-586.00K-1.30M
NetInvestmentPurchaseAndSale-14.45M-52.35M-160.74M-2.45M
SaleOfInvestment141.69M103.67M80.49M0.00
PurchaseOfInvestment-156.14M-156.03M-241.23M-2.45M
NetBusinessPurchaseAndSale18.54M0.00-43.26M-404.12M
SaleOfBusiness21.63M0.000.0020.82M
PurchaseOfBusiness-3.08M0.00-43.26M-424.94M
NetIntangiblesPurchaseAndSale-424.94M-1.89M
PurchaseOfIntangibles-424.94M-1.89M
NetPPEPurchaseAndSale-163.67M-155.06M-135.99M-100.00M
SaleOfPPE1.40M99.00K60.00K46.00K
PurchaseOfPPE-163.67M-155.06M-135.99M-100.06M
OperatingCashFlow418.42M343.87M330.25M240.21M
CashFlowFromContinuingOperatingActivities418.42M343.87M330.25M240.21M
ChangeInWorkingCapital13.92M-19.63M6.88M-21.15M
ChangeInOtherWorkingCapital8.76M15.96M13.61M10.91M
ChangeInOtherCurrentLiabilities8.31M-3.17M-12.04M11.09M
ChangeInOtherCurrentAssets-15.93M-11.79M929.00K-5.15M
ChangeInPayablesAndAccruedExpense6.93M17.31M-975.00K-14.72M
ChangeInPayable6.93M17.31M-975.00K30.48M
ChangeInAccountPayable6.93M17.31M-975.00K30.93M
ChangeInTaxPayable-445.00K
ChangeInIncomeTaxPayable-445.00K
ChangeInPrepaidAssets5.24M
ChangeInInventory-1.38M-1.48M599.00K-4.11M
ChangeInReceivables7.23M-36.46M4.76M-19.18M
ChangesInAccountReceivables7.23M-36.46M4.76M-19.18M
OtherNonCashItems-50.23M-38.98M-29.59M-13.58M
StockBasedCompensation12.33M8.91M7.91M8.07M
ProvisionandWriteOffofAssets10.00K
AssetImpairmentCharge17.46M
AmortizationOfSecurities-1.34M-3.31M-3.27M0.00
DeferredTax66.31M56.99M49.23M34.79M
DeferredIncomeTax66.31M56.99M49.23M34.79M
DepreciationAmortizationDepletion155.78M160.35M149.41M124.02M
DepreciationAndAmortization155.78M160.35M149.41M124.02M
AmortizationCashFlow49.23M51.48M16.68M
AmortizationOfIntangibles49.23M51.48M16.68M
Depreciation111.11M97.93M124.02M46.12M
OperatingGainsLosses1.38M5.29M2.66M-2.39M
EarningsLossesFromEquityInvestments2.84M4.04M1.99M467.00K
GainLossOnInvestmentSecurities3.25M-1.03M666.00K-4.38M
GainLossOnSaleOfPPE-671.00K61.00K-60.00K-46.00K
GainLossOnSaleOfBusiness-6.44M0.000.00-1.32M
NetIncomeFromContinuingOperations220.26M174.24M147.03M110.46M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PLNT
Date User Asset Broker Type Position Size Entry Price Patterns