Planet Fitness (PLNT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Planet Fitness

NYSE•Consumer Cyclical•Leisure

$49.49-0.42(-0.01%)After hours

Market Cap

$3.84B

P/E

16.2x

P/S

2.7x

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.

How this company scores

WeakMetricSide Score: 74/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability17/25

Growth23/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsRising earningsCash-backed earnings

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.2x5y range 16.2x – 178.5x

Currently below its 20-quarter median.

P/S · 2.7x5y range 2.7x – 13.0x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.41B
Q. Revenue: $365.22M
TTM EBITDA: $554.55M
TTM Op. Income: $435.56M
Q. Op. Income: $123.81M
TTM Net Income: $237.85M
Q. Net Income: $67.08M
EPS: $0.87
Shares Out.: $77.03M

$1.41B in TTM revenue grew 12.7% YoY, reaching $365.22M last quarter. TTM EBITDA of $554.55M and TTM operating income of $435.56M show growth is flowing through to the bottom line. TTM net income of $237.85M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 82.3%
EBITDA Margin: 33.9%
Op. Margin: 33.9%
Net Margin: 18.4%

Op. margin of 33.9% is up 3.9% YoY — cost efficiency is improving. Net margin at 18.4% and gross margin of 82.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.2x
P/S Ratio: 2.7x
P/B Ratio: N/A

At 16.2x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.00B
Cash: $298.26M
Long-Term Debt: $2.45B
Book Value: $-614.74M
D/E Ratio: N/A
Debt/EBITDA: 19.8

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $45.93M
TTM Free Cash Flow: $261.68M
FCF Margin: 18.6%
FCF / Net Income: 1.1

TTM FCF of $261.68M on $45.93M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 28% — a weakening trend.