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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 |
Planet Fitness Franchise Groups Launch Fundraising Campaign for St. Jude Children's Research Hospital
CAMP HILL, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- National Fitness Partners (NFP), a leading Planet Fitness franchise division, kicked off its first fundraising campaign to benefit St. Jude Children's Research Hospital, which will run through June 30. Additional franchise...
KBRA Assigns Preliminary Ratings to Planet Fitness Master Issuer LLC, Series 2024-1
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes from Planet Fitness Master Issuer LLC, Series 2024-1 (Planet Fitness 2024-1 or Series 2024-1 Notes), a whole business securitization (WBS). In conjunction with the issuance of the Series...
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HAMPTON, N.H., May 29, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that certain of its subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized...
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