PLNT (Planet Fitness, Inc.) Stock Financials & Earnings | Market Cap Arena

PLNT (Planet Fitness, Inc.) Stock Financials & Earnings | Market Cap Arena

PLNTPlanet Fitness, Inc.

Mkt Cap$6B

Consumer Cyclical·Leisure·🇺🇸 United States·NYSE

Revenue (TTM)$1.3B

Net Income (TTM)$219M

EPS (TTM)$2.62

Free Cash Flow (TTM)$255M

Gross Margin46.0%

Op. Margin29.5%

Net Margin16.5%

FCF Margin19.2%

P/S Ratio (TTM)4.8x

P/E Ratio (TTM)28.9x

YoY Rev Growth+12.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$222M	$120M	$52M
Q2 23	$286M	$150M	$77M
Q3 23	$278M	$143M	$72M
Q4 23	$285M	$144M	$71M
Q1 24	$248M	$135M	$66M
Q2 24	$301M	$159M	$87M
Q3 24	$292M	$155M	$81M
Q4 24	$340M	$166M	$90M
Q1 25	$277M	$151M	$79M
Q2 25	$341M	$181M	$102M
Q3 25	$330M	$132M	$101M
Q4 25	$376M	$145M	$108M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.5x	60.0x
Q2 23	6.1x	51.0x
Q3 23	5.9x	46.4x
Q4 23	5.9x	45.9x
Q1 24	5.8x	42.3x
Q2 24	5.7x	40.3x
Q3 24	5.6x	39.6x
Q4 24	5.4x	36.9x
Q1 25	5.2x	35.3x
Q2 25	5.1x	33.6x
Q3 25	4.9x	30.8x
Q4 25	4.8x	28.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$98M	$75M
Q2 23	$59M	$37M
Q3 23	$110M	$70M
Q4 23	$63M	$12M
Q1 24	$90M	$63M
Q2 24	$78M	$40M
Q3 24	$127M	$78M
Q4 24	$49M	$7M
Q1 25	$134M	$109M
Q2 25	$44M	$10M
Q3 25	$131M	$77M
Q4 25	$109M	$59M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$23M
Q2 23	$22M
Q3 23	$39M
Q4 23	$51M
Q1 24	$26M
Q2 24	$38M
Q3 24	$49M
Q4 24	$42M
Q1 25	$25M
Q2 25	$34M
Q3 25	$55M
Q4 25	$50M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+19.0%	+23.2%
Q2 23	+27.6%	+23.7%
Q3 23	+13.6%	+12.5%
Q4 23	+1.4%	-1.4%
Q1 24	+11.6%	+7.1%
Q2 24	+5.1%	+2.0%
Q3 24	+5.3%	+2.8%
Q4 24	+19.4%	+17.3%
Q1 25	+11.5%	+8.4%
Q2 25	+13.3%	+11.7%
Q3 25	+13.0%	+8.5%
Q4 25	+10.5%	+7.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.9%
Q2 23	$3M	1.0%
Q3 23	$2M	0.6%
Q4 23	$2M	0.6%
Q1 24	$975K	0.4%
Q2 24	$2M	0.6%
Q3 24	$3M	1.1%
Q4 24	$3M	0.9%
Q1 25	$3M	1.0%
Q2 25	$4M	1.0%
Q3 25	$3M	0.9%
Q4 25	$3M	0.9%

OpEx Breakdown

Quarter	SG&A
Q1 23	$28M
Q2 23	$33M
Q3 23	$33M
Q4 23	$31M
Q1 24	$29M
Q2 24	$32M
Q3 24	$33M
Q4 24	$36M
Q1 25	$34M
Q2 25	$36M
Q3 25	$31M
Q4 25	$37M

Revenue Segments

Quarter	Advertising	Corporate-Owned Stores	Equipment Revenue	Franchise
Q1 23	$17M	$106M	$24M	$76M
Q2 23	$18M	$114M	$74M	$81M
Q3 23	$18M	$113M	$66M	$81M
Q4 23	$18M	$116M	$70M	$81M
Q1 24	$20M	$122M	$22M	$84M
Q2 24	$20M	$125M	$68M	$88M

Revenue by Geography

Quarter	Americas	Non-US	United States
Q1 25	$270M	$7M	—
Q2 25	—	$7M	$334M
Q3 25	—	$8M	$322M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$460M	$0	$460M
Q2 23	$236M	$118M	$354M
Q3 23	$309M	$108M	$417M
Q4 23	$276M	$75M	$351M
Q1 24	$302M	$93M	$395M
Q2 24	$247M	$103M	$350M
Q3 24	$299M	$109M	$407M
Q4 24	$293M	$114M	$407M
Q1 25	$344M	$110M	$454M
Q2 25	$336M	$107M	$443M
Q3 25	$329M	$114M	$443M
Q4 25	$346M	$107M	$452M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	85M	+1.2%
Q2 23	85M	+0.1%
Q3 23	85M	-0.0%
Q4 23	86M	+1.5%
Q1 24	87M	+1.2%
Q2 24	87M	-0.3%
Q3 24	85M	-2.6%
Q4 24	84M	-0.3%
Q1 25	84M	-0.0%
Q2 25	84M	-0.2%
Q3 25	84M	-0.6%
Q4 25	84M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	$437K	756
FY 16	$502K	754
FY 17	$516K	833
FY 18	$545K	1K
FY 19	$470K	1K
FY 20	$293K	1K
FY 21	$384K	2K
FY 22	$335K	3K
FY 23	$314K	3K
FY 24	$310K	4K
FY 25	$329K	4K