PLNTPlanet Fitness, Inc.
Services-Membership Sports & Recreation Clubs
- Revenue
- $1.3B
- 12% YoY
- Operating margin
- 29.8%
- 8.6% YoY
- EBITDA
- $550M
- 14% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.0×
- $2.2B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear191% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired160% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear24% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $587M | $937M | $1.1B | $1.2B | $1.3B | 12% |
| Operating income | $143M | $230M | $273M | $324M | $395M | 22% |
| Net income | $43M | $99M | $138M | $172M | $219M | 27% |
| Operating cash flow | $189M | $240M | $330M | $344M | $418M | 22% |
| Capex | $54M | $100M | $136M | $155M | $164M | 5.6% |
| Stock-based comp | $9M | $8M | $8M | $9M | $12M | 38% |
| Buybacks | $0 | $94M | $125M | $300M | $500M | 67% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $119K · 1
- Open-market sells, 12 mo
- $359K · 1
- Net
- −$239K
Pay vs performance
No pay-versus-performance disclosure yet.