Planet Fitness, Inc. (PLNT) Key Metrics
PLNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.86B
- Enterprise value
- $5.66B
- P/E (TTM)
- 17.3 10-yr median 53.1
- Forward P/E
- 10.8
- PEG ratio
- 0.92
- Price / sales
- 3.0 10-yr median 7.1
- Price / book
- 139.4
- EV / EBITDA
- 9.2 10-yr median 22.0
- Dividend yield
- —
- Beta
- 1.04
PLNT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPLNT valuation Price multiples at each fiscal year-end price.
PLNT returns How much profit the business earns on the capital it uses.
PLNT per-share figures Results divided by the shares outstanding at year-end.
PLNT financial health Debt, liquidity and how easily interest is covered.
PLNT efficiency & capital use Working capital cycle and where the cash goes.
PLNT valuation history
PLNT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PLNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PLNT cash returned to shareholders
PLNT price vs earnings per share
PLNT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.08B | $8.49B | $6.22B | $6.66B | $7.60B | $6.23B | $6.24B | $4.70B | $2.73B | $870.4M |
| Enterprise value | $11.53B | $10.65B | $8.23B | $8.59B | $9.01B | $7.73B | $7.67B | $5.58B | $3.33B | $1.54B |
| P/E ratio | 41.4 | 49.3 | 45.0 | 67.0 | 177.7 | — | 53.1 | 53.4 | 82.5 | 40.5 |
| Price / sales | 6.9 | 7.2 | 5.8 | 7.1 | 12.9 | 15.3 | 9.1 | 8.2 | 6.4 | 2.3 |
| Price / free cash flow | 35.6 | 44.9 | 32.0 | 47.5 | 57.0 | — | 66.8 | 48.1 | 29.3 | 9.3 |
| Price / operating cash flow | 21.7 | 24.7 | 18.8 | 27.7 | 40.1 | 200.2 | 30.6 | 25.5 | 20.9 | 8.0 |
| EV / sales | 8.7 | 9.0 | 7.7 | 9.2 | 15.3 | 19.0 | 11.1 | 9.7 | 7.7 | 4.1 |
| EV / EBITDA | 20.2 | 21.0 | 18.6 | 23.0 | 46.0 | 63.7 | 27.5 | 25.6 | 6.7 | 10.3 |
| EV / free cash flow | 45.3 | 56.4 | 42.4 | 61.3 | 67.6 | — | 82.0 | 57.1 | 35.6 | 16.5 |
| Earnings yield | 2.4% | 2.0% | 2.2% | 1.5% | 0.6% | −0.2% | 1.9% | 1.9% | 1.2% | 2.5% |
| Free cash flow yield | 2.8% | 2.2% | 3.1% | 2.1% | 1.8% | −0.3% | 1.5% | 2.1% | 3.4% | 10.7% |
| Dividend yield | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% | 34.8% |
| Shareholder yield (dividends + buybacks) | 5.5% | 3.6% | 2.1% | 1.4% | 0.0% | 0.0% | 7.3% | 7.5% | 0.5% | 35.0% |
| Share price at fiscal year-end | $108.47 | $98.87 | $73.00 | $78.80 | $90.58 | $77.63 | $74.68 | $53.62 | $34.63 | $20.10 |
| Per share | ||||||||||
| Revenue per share | $15.82 | $13.77 | $12.58 | $11.08 | $7.00 | $5.06 | $8.24 | $6.53 | $5.44 | $8.73 |
| Earnings per share | $2.62 | $2.00 | $1.62 | $1.18 | $0.51 | −$0.19 | $1.41 | $1.00 | $0.42 | $0.50 |
| Operating cash flow per share | $5.00 | $4.01 | $3.88 | $2.84 | $2.26 | $0.39 | $2.44 | $2.10 | $1.66 | $2.51 |
| Free cash flow per share | $3.04 | $2.20 | $2.28 | $1.66 | $1.59 | −$0.27 | $1.12 | $1.12 | $1.18 | $2.16 |
| Cash per share | $5.40 | $4.75 | $4.12 | $4.85 | $6.51 | $5.47 | $5.22 | $3.30 | $1.43 | $0.93 |
| Book value per share | −$5.77 | −$2.51 | −$1.36 | −$2.35 | −$7.69 | −$8.79 | −$8.45 | −$4.27 | −$1.51 | −$3.02 |
| Tangible book value per share | −$17.70 | −$14.67 | −$14.15 | −$15.60 | −$12.81 | −$14.33 | −$13.97 | −$9.22 | −$6.74 | −$12.97 |
| Dividends per share | $0.02 | $0.06 | $0.05 | $0.02 | $0.02 | $0.00 | $0.00 | $0.11 | $0.17 | $6.99 |
| Capex per share | $1.95 | $1.81 | $1.60 | $1.18 | $0.67 | $0.65 | $1.33 | $0.99 | $0.48 | $0.36 |
| Debt per share | $34.65 | $30.01 | $27.77 | $27.69 | $23.31 | $24.12 | $22.22 | $13.37 | $8.91 | $16.38 |
| Shares outstanding | 83.7M | 85.8M | 85.2M | 84.5M | 83.9M | 80.3M | 83.6M | 87.7M | 79.0M | 43.3M |
| Change in shares outstanding | −2.4% | +0.8% | +0.8% | +0.8% | +4.5% | −4.0% | −4.6% | +11.0% | +82.4% | +18.3% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 14.5% | 12.1% | 10.8% | 12.7% | 16.4% | 6.3% | 29.8% | 29.4% | 14.6% | 18.8% |
| Return on assets (ROA) | 7.1% | 5.7% | 4.7% | 4.1% | 2.2% | −0.8% | 7.7% | 7.2% | 3.2% | 2.5% |
| Return on tangible assets | 10.4% | 8.5% | 7.4% | 5.7% | 2.7% | −1.1% | 9.4% | 9.6% | 4.9% | 3.8% |
| Free cash flow margin | 19.2% | 16.0% | 18.1% | 15.0% | 22.7% | −5.3% | 13.6% | 17.1% | 21.7% | 24.7% |
| Income quality (OCF / net income) | 1.91 | 2.00 | 2.39 | 2.42 | 4.43 | — | 1.74 | 2.09 | 3.95 | 5.06 |
| Financial health | ||||||||||
| Total debt | $2.90B | $2.58B | $2.37B | $2.34B | $1.96B | $1.94B | $1.86B | $1.17B | $703.8M | $709.2M |
| Cash & short-term investments | $452.4M | $407.3M | $350.7M | $409.8M | $545.9M | $439.5M | $436.3M | $289.4M | $113.1M | $40.4M |
| Net debt | $2.45B | $2.17B | $2.01B | $1.93B | $1.41B | $1.50B | $1.42B | $882.7M | $590.7M | $668.8M |
| Debt / assets | 0.93 | 0.84 | 0.80 | 0.82 | 0.97 | 1.05 | 1.08 | 0.87 | 0.64 | 0.71 |
| Net debt / EBITDA | 4.30 | 4.28 | 4.54 | 5.16 | 7.19 | 12.33 | 5.10 | 4.05 | 1.19 | 4.49 |
| Current ratio | 2.11 | 2.08 | 1.88 | 2.27 | 3.75 | 5.07 | 3.71 | 2.96 | 1.58 | 1.10 |
| Quick ratio | 2.08 | 2.06 | 1.86 | 2.25 | 3.74 | 5.06 | 3.71 | 2.92 | 1.56 | 1.07 |
| Interest coverage | 3.6 | 3.2 | 3.2 | 2.6 | 1.8 | 0.7 | 3.8 | 3.6 | 4.2 | 4.3 |
| Working capital | $345.9M | $305.5M | $220.5M | $311.0M | $485.8M | $454.9M | $394.7M | $257.1M | $65.0M | $8.0M |
| Invested capital | $1.97B | $1.95B | $1.90B | $1.73B | $764.2M | $791.5M | $715.2M | $508.1M | $471.2M | $538.0M |
| Tangible asset value | −$1.48B | −$1.26B | −$1.21B | −$1.33B | −$1.07B | −$1.15B | −$1.17B | −$816.6M | −$549.6M | −$645.6M |
| Net current asset value | −$2.93B | −$2.70B | −$2.62B | −$2.51B | −$2.00B | −$1.99B | −$1.88B | −$1.35B | −$1.05B | −$1.12B |
| Graham net-net per share | −$36.43 | −$32.65 | −$31.62 | −$30.80 | −$24.78 | −$25.99 | −$23.31 | −$15.97 | −$13.58 | −$26.40 |
| Capital allocation | ||||||||||
| Dividends paid | $1.5M | $4.8M | $4.6M | $1.9M | $1.4M | $234,000 | $243,000 | $9.3M | $13.3M | $302.8M |
| Share buybacks (net) | $500.4M | $300.2M | $125.0M | $94.3M | $0 | $0 | $458.2M | $342.4M | $0 | $1.6M |
| Dividend payout ratio | 0.7% | 2.8% | 3.3% | 1.9% | 3.3% | — | 0.2% | 10.5% | 40.2% | — |
| Dividends + buybacks / free cash flow | 197.0% | 161.5% | 66.7% | 68.6% | 1.1% | — | 490.2% | 359.6% | 14.3% | 325.8% |
| Capex / revenue | 12.4% | 13.1% | 12.7% | 10.7% | 9.5% | 12.9% | 16.1% | 15.1% | 8.8% | 4.1% |
| Capex / operating cash flow | 39.1% | 45.1% | 41.2% | 41.7% | 29.6% | 168.8% | 54.2% | 47.0% | 28.8% | 14.1% |
| Capex / depreciation | 1.05 | 0.97 | 0.91 | 0.81 | 0.89 | 0.98 | 2.49 | 2.43 | 1.18 | 0.48 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.7% | 0.9% | 1.5% | 1.2% | 0.7% | 1.0% | 0.6% | 0.5% |
| SG&A / revenue | 10.4% | 14.6% | 15.2% | 12.3% | 16.1% | 16.9% | 11.4% | 12.6% | 14.0% | 13.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 28.1 | 23.6 | 20.9 | 21.7 | 25.8 | 40.9 | 29.3 | 36.7 | 42.1 | 34.8 |
| Days of inventory on hand | 3.9 | 3.5 | 3.5 | 2.5 | 1.1 | 1.1 | 3.3 | 5.1 | 4.3 | 6.4 |
| Days payables outstanding | 20.8 | 18.3 | 15.8 | 19.1 | 31.8 | 33.7 | 28.5 | 38.5 | 54.9 | 52.5 |
| Cash conversion cycle (days) | 11.2 | 8.8 | 8.7 | 5.1 | -4.9 | 8.3 | 4.1 | 3.3 | -8.5 | -11.3 |
| Receivables turnover | 12.98 | 15.47 | 17.43 | 16.86 | 14.13 | 8.93 | 12.44 | 9.95 | 8.67 | 10.48 |
| Payables turnover | 17.54 | 20.00 | 23.16 | 19.09 | 11.47 | 10.82 | 12.79 | 9.49 | 6.65 | 6.96 |
| Inventory turnover | 92.73 | 104.71 | 103.34 | 144.13 | 333.11 | 325.94 | 110.26 | 71.74 | 84.52 | 57.38 |
| Asset turnover | 0.43 | 0.39 | 0.37 | 0.38 | 0.30 | 0.23 | 0.45 | 0.47 | 0.41 | 0.44 |
| Average receivables | $102.0M | $76.4M | $61.5M | $55.6M | $41.6M | $45.6M | $55.4M | $57.6M | $49.6M | $36.1M |
| Average payables | $36.3M | $28.3M | $22.2M | $24.2M | $23.6M | $20.3M | $25.8M | $29.5M | $28.6M | $26.2M |
| Average inventory | $6.9M | $5.4M | $5.0M | $3.2M | $814,000 | $675,000 | $3.0M | $3.9M | $2.2M | $3.2M |
| Intangibles / total assets | 32.2% | 34.0% | 36.7% | 39.2% | 21.3% | 24.1% | 26.9% | 32.1% | 37.8% | 43.0% |
Computed from PLNT's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PLNT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Planet Fitness traded at 41.4 times earnings, against a 10-year median of 53.1. Based on the latest twelve months, the trailing P/E is 17.3 and the forward P/E is 10.8. Planet Fitness earned a return on invested capital of 14.5% in fiscal 2025. It ended the year with $2.9 billion of debt and $452.4 million in cash and short-term investments, net debt of $2.4 billion. It returned $501.9 million to shareholders: $1.5 million in dividends and $500.4 million in share buybacks, 197% of free cash flow. The share count rose 93.3% from 43.3M to 83.7M over 9 years.
See the PLNT income statement, the PLNT chart for price history, or the PLNT stock overview for the latest quote and news.
PLNT key metrics FAQ
What is Planet Fitness's P/E ratio?
Planet Fitness's trailing P/E ratio is 17.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.8. At the end of fiscal 2025 it was 41.4, compared with a 10-year median of 53.1.
What is Planet Fitness's EV/EBITDA?
Planet Fitness's enterprise value was 20.2 times EBITDA at the end of fiscal 2025 (enterprise value $11.5 billion, EBITDA $570.2 million); the current EV/EBITDA is 9.2.
What is Planet Fitness's ROIC?
Planet Fitness's return on invested capital was 14.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Planet Fitness have?
Planet Fitness had total debt of $2.9 billion at the end of fiscal 2025 and $2.4 billion of net debt (4.30 times EBITDA).
What is Planet Fitness's dividend yield?
Planet Fitness paid $1.5 million in dividends in fiscal 2025 ($0.02 per share), a payout ratio of 0.7%.
Does Planet Fitness buy back its shares?
Yes. Planet Fitness spent $500.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.4% over the year, to 83.7M..
What is Planet Fitness's free cash flow yield?
Planet Fitness generated $254.8 million of free cash flow in fiscal 2025, a free cash flow yield of 2.8% on its market value at year-end ($9.1 billion).
What is Planet Fitness's current ratio?
Planet Fitness's current ratio was 2.11 at the end of fiscal 2025: current assets were 2.11 times current liabilities.