Planet Fitness, Inc. (PLNT) vs Peloton Interactive, Inc. (PTON)

Planet Fitness, Inc. and Peloton Interactive, Inc. are both Leisure companies. Planet Fitness, Inc. is the larger, with a market value of $3.1B against $2.1B — 1.5× the size. Planet Fitness, Inc. trades at the lower P/E: 14.4× against 35.1×. Planet Fitness, Inc. grew revenue faster over the last twelve months: 12.7% against −1.80%. Planet Fitness, Inc. has the higher net margin (16.9% vs 2.58%) and the higher return on invested capital (19.7% vs 0.00%). Across the 20 metrics below, Planet Fitness, Inc. leads on 11 and Peloton Interactive, Inc. on 9.

Valuation

Metric PLNT PTON Leisure median
P/E 14.41 35.14 17.42
P/S 2.32 0.85 1.02
P/B n/m n/m 2.13
Price to free cash flow 12.51 5.53 11.49
EV/EBITDA 8.78 9.60 9.97
EV/Sales 3.74 0.89 2.00
Earnings yield 6.94% 2.85% 2.85%
Free cash flow yield 7.99% 18.07% 3.64%

Profitability

Metric PLNT PTON Leisure median
Gross margin 81.67% 52.60% 48.02%
Operating margin 30.91% 6.57% 3.08%
Net margin 16.88% 2.58% 2.58%
Free cash flow margin 18.57% 15.44% 2.13%
Return on equity (61.54%) (22.84%) 0.00%
Return on assets 7.77% 3.02% 0.05%
Return on invested capital 19.65% 0.00% 3.95%

Growth

Metric PLNT PTON Leisure median
Revenue growth (TTM) 12.70% (1.80%) 3.28%
EPS growth (last fiscal year) 31.00% 146.67% —
Revenue growth, 5-year CAGR 26.63% (9.47%) 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PLNT PTON Leisure median
Debt to equity (4.02) (9.30) 0.02
Current ratio 1.58 2.84 1.76
Net debt to EBITDA 3.53 0.41 1.85

Dividend

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

Size

Metric PLNT PTON Leisure median
Market cap 3.10b 2.10b 293.27m

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