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Complete financial analysis of Planet Fitness, Inc. (PLNT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Planet Fitness, Inc., a leading company in the Leisure industry within the Consumer Cyclical sector.
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Planet Fitness, Inc. (PLNT)
About Planet Fitness, Inc.
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. As of December 31,2021, the company had 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.07B | 936.77M | 587.02M | 406.62M | 688.80M | 572.90M | 429.94M | 378.24M | 330.54M | 279.78M | 211.01M | 159.69M |
| Cost of Revenue | 513.74M | 462.74M | 271.15M | 220.01M | 330.71M | 280.27M | 189.92M | 182.44M | 170.98M | 149.78M | 123.05M | 87.12M |
| Gross Profit | 557.59M | 474.03M | 315.87M | 186.61M | 358.09M | 292.63M | 240.02M | 195.80M | 159.56M | 130.00M | 87.96M | 72.56M |
| Gross Profit Ratio | 52.05% | 50.60% | 53.81% | 45.89% | 51.99% | 51.08% | 55.83% | 51.77% | 48.27% | 46.46% | 41.69% | 45.44% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 117.47M | 80.29M | 71.73M | 0.00 | 0.00 | 72.45M | 60.37M | 50.01M | 55.57M | 27.85M | 17.39M | 20.03M |
| Selling & Marketing | 42.16M | 34.57M | 22.81M | 0.00 | 0.00 | 0.00 | 0.00 | 8.27M | 9.35M | 7.27M | 5.73M | 5.19M |
| SG&A | 124.93M | 114.85M | 94.54M | 68.59M | 78.82M | 72.45M | 60.37M | 50.01M | 55.57M | 35.12M | 23.12M | 25.22M |
| Other Expenses | 159.79M | 129.10M | 77.94M | 58.27M | 46.19M | -6.18M | 316.93M | 1.37M | -275.00K | -1.26M | -694.00K | 0.00 |
| Operating Expenses | 284.72M | 243.96M | 172.48M | 126.85M | 125.01M | 108.58M | 92.48M | 80.14M | 87.46M | 68.46M | 51.93M | 42.67M |
| Cost & Expenses | 798.46M | 706.69M | 443.63M | 346.86M | 455.72M | 388.85M | 282.41M | 262.58M | 258.44M | 218.24M | 174.97M | 129.79M |
| Interest Income | 17.74M | 5.01M | 878.00K | 2.94M | 7.05M | 4.68M | 0.00 | 0.00 | 0.00 | 377.00K | 0.00 | 3.78M |
| Interest Expense | 86.58M | 88.63M | 81.21M | 82.12M | 60.85M | 50.75M | 35.28M | 27.13M | 24.55M | 22.18M | 8.91M | 0.00 |
| Depreciation & Amortization | 149.41M | 124.02M | 62.87M | 53.89M | 44.58M | 35.64M | 32.10M | 31.89M | 32.64M | 32.84M | 29.05M | 12.67M |
| EBITDA | 443.53M | 359.11M | 223.66M | 121.49M | 278.61M | 220.64M | 179.47M | 146.19M | 104.46M | 95.67M | 65.09M | 43.53M |
| EBITDA Ratio | 41.40% | 39.93% | 33.38% | 29.88% | 40.45% | 38.08% | 115.49% | 39.37% | 31.60% | 33.42% | 30.52% | 29.67% |
| Operating Income | 272.86M | 230.08M | 143.40M | 59.76M | 233.08M | 184.04M | 147.54M | 115.66M | 72.10M | 61.54M | 36.04M | 34.71M |
| Operating Income Ratio | 25.47% | 24.56% | 24.43% | 14.70% | 33.84% | 32.13% | 34.32% | 30.58% | 21.81% | 22.00% | 17.08% | 21.73% |
| Total Other Income/Expenses | -65.32M | -68.64M | -91.44M | -74.28M | -59.91M | -52.24M | 281.65M | -25.75M | -24.82M | -23.06M | -9.61M | -8.60M |
| Income Before Tax | 207.54M | 161.44M | 51.96M | -14.52M | 173.18M | 131.80M | 429.18M | 89.91M | 47.28M | 38.48M | 26.43M | 26.11M |
| Income Before Tax Ratio | 19.37% | 17.23% | 8.85% | -3.57% | 25.14% | 23.01% | 99.82% | 23.77% | 14.30% | 13.75% | 12.53% | 16.35% |
| Income Tax Expense | 58.51M | 50.52M | 5.66M | 687.00K | 37.76M | 28.64M | 373.58M | 18.66M | 9.15M | 1.18M | 633.00K | 712.00K |
| Net Income | 138.31M | 99.40M | 42.77M | -15.20M | 117.70M | 88.02M | 33.15M | 21.50M | 18.52M | 36.81M | 25.44M | 2.12M |
| Net Income Ratio | 12.91% | 10.61% | 7.29% | -3.74% | 17.09% | 15.36% | 7.71% | 5.68% | 5.60% | 13.16% | 12.06% | 1.33% |
| EPS | 1.63 | 1.18 | 0.51 | -0.19 | 1.42 | 1.01 | 0.42 | 0.50 | 0.51 | 1.04 | 0.72 | 0.00 |
| EPS Diluted | 1.62 | 1.18 | 0.51 | -0.19 | 1.41 | 1.00 | 0.42 | 0.50 | 0.51 | 1.04 | 0.72 | 0.00 |
| Weighted Avg Shares Out | 84.90M | 84.14M | 83.30M | 80.30M | 82.98M | 87.24M | 78.91M | 43.30M | 36.24M | 35.23M | 35.23M | 0.00 |
| Weighted Avg Shares Out (Dil) | 85.18M | 84.54M | 83.89M | 80.30M | 83.62M | 87.67M | 78.97M | 43.31M | 36.60M | 35.23M | 35.23M | 0.00 |
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Planet Fitness, Inc. Announces $280 Million Accelerated Share Repurchase Program
HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A.
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