The Tip Desk

Planet Fitness, Inc.

Company Stats

Market Cap
$3.2B
as of Sep 30, 2026
Enterprise Value
$5.4B
Shares Outstanding
75.5M
Free Float
99.1%

Income Statement

Revenue
$1.3B
Operating Income
$394.7M
Net Income
$219.1M
EBITDA
$513.7M
Revenue Growth, 3Y
12.2%
FCF Margin, 3Y Avg
17.8%
FCF Margin, Worst Year
16.0%

Cash Flow

Free Cash Flow
$254.8M
FCF Yield
8.0%
Owner FCF Yield
7.6%

Balance Sheet

Cash & Equivalents
$345.7M
Total Debt
$2.5B
Net Debt
$2.2B
Net Debt / EBITDA
4.22x
EV / EBITDA
10.43x
Net Debt / EBIT
5.49x

Returns & Capital

Share Repurchases
$500.4M
Buyback Yield, 3Y Avg
9.7%
SBC, 3Y Avg
$9.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.3B$254.8M19.2%
FY2024$1.2B$188.8M16.0%
FY2023$1.1B$194.3M18.1%
FY2022$936.8M$140.2M15.0%
FY2021$587.0M$135.2M23.0%

Annual filing data through FY ended December 31, 2025; shares and float as of November 2, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage