Planet Fitness, Inc.

PLNT Consumer Cyclical Leisure

Planet Fitness, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 12.1% from fiscal 2024.

Revenue
+8.97%
EPS
+26.1%
Free cash flow
−62.3%
Total debt
+14.4%

Quarter to September 2026, against a year earlier

60.11 2.77 +4.83%
Market cap
$4.5B
P/E
20.4×
Fwd P/E
18.0×
Dividend yield
—
F-score
7/9
Altman Z
2.00
Beneish M
−2.72
Dividend safety
59/100

Planet Fitness, Inc. (PLNT) Gross margin

Alert me on Gross margin

Planet Fitness, Inc.'s gross margin over the twelve months to 30 September 2026 was 81.6%, down 1.1 percentage points from fiscal 2025 (82.6%). Over the past ten years it has ranged from 65.7% (fiscal 2015) to 83.3% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Leisure industry median of 47.5% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 82.6% (0.71)
FY2024 83.3% 1.06
FY2023 82.3% 1.18
FY2022 81.1% (1.72)
FY2021 82.8% 0.25
FY2020 82.6% 10.78
FY2019 71.8% 0.16
FY2018 71.6% 1.68
FY2017 69.9% 2.27
FY2016 67.7% 2.00

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 81.8% (0.50)
Jun 2026 82.3% (4.22)
Mar 2026 86.6% 10.54
Dec 2025 76.0% (6.38)
43 more quarters

Against its own ten years

Low 65.7% High 83.3%
Ten-year median 81.1%
Current reading's percentile 53

Gross margin against peers

Company Gross margin
PLNT Planet Fitness, Inc. 81.6%
YETI YETI Holdings, Inc. compare 59.2%
PTON Peloton Interactive, Inc. compare 54.8%
GOLF Acushnet compare 49.4%
LTH Life Time Group Holdings, Inc. compare 48.0%
MAT Mattel, Inc. compare 47.5%
CALY Callaway Golf Company compare 44.8%
PRKS United Parks & Resorts Inc. compare 44.5%
OSW OneSpaWorld Holdings Limited compare 17.1%
Leisure industry median 47.5%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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