Callaway Golf Company (CALY) vs Planet Fitness, Inc. (PLNT)

Callaway Golf Company and Planet Fitness, Inc. are both Leisure companies. Planet Fitness, Inc. is the larger, with a market value of $3.1B against $2.6B — 1.2× the size. Planet Fitness, Inc. trades at the lower P/E: 14.4× against 29.5×. Callaway Golf Company grew revenue faster over the last twelve months: 111.8% against 12.7%. Planet Fitness, Inc. has the higher net margin (16.9% vs −12.4%) and the higher return on invested capital (19.7% vs 6.58%). Across the 20 metrics below, Planet Fitness, Inc. leads on 11 and Callaway Golf Company on 9.

Valuation

Metric CALY PLNT Leisure median
P/E 29.47 14.41 17.42
P/S 1.22 2.32 1.02
P/B 1.20 n/m 2.13
Price to free cash flow 7.66 12.51 11.49
EV/EBITDA 9.40 8.78 9.97
EV/Sales 1.11 3.74 2.00
Earnings yield 3.39% 6.94% 2.85%
Free cash flow yield 13.05% 7.99% 3.64%

Profitability

Metric CALY PLNT Leisure median
Gross margin 44.79% 81.67% 48.02%
Operating margin 9.56% 30.91% 3.08%
Net margin (12.37%) 16.88% 2.58%
Free cash flow margin 15.90% 18.57% 2.13%
Return on equity (11.33%) (61.54%) 0.00%
Return on assets (5.07%) 7.77% 0.05%
Return on invested capital 6.58% 19.65% 3.95%

Growth

Metric CALY PLNT Leisure median
Revenue growth (TTM) 111.77% 12.70% 3.28%
EPS growth (last fiscal year) 102.66% 31.00% —
Revenue growth, 5-year CAGR 5.32% 26.63% 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CALY PLNT Leisure median
Debt to equity 0.02 (4.02) 0.02
Current ratio 3.04 1.58 1.76
Net debt to EBITDA 3.09 3.53 1.85

Dividend

Metric CALY PLNT Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 0.00 0.00

Size

Metric CALY PLNT Leisure median
Market cap 2.58b 3.10b 293.27m

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