Reading the tape
NYSE: PLNT
Planet Fitness, Inc.
Consumer Cyclical · Leisure
Market Cap
$5.06B
52w High
$114.47
52w Low
$62.39
P/E
24.13
Volume
2.06M
Outstanding Shares
80.01M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -35.69%Revenue (TTM): 12.06%FCF (TTM): 34.92%P/FCF: 13th pct
What changed
The stock fell 35.69% over the last year. Revenue grew 12.06% over the trailing twelve months. Operating margin moved from 27.44% to 29.5%. Free cash flow grew 34.92% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 13th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 29.5%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand.
CEOColleen Keating
SectorConsumer Cyclical
IndustryLeisure
Employees4,173
IPO dateAug 6, 2015
Valuation
Forward P/E—
EV/EBITDA16.06
Enterprise value$9.16B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth10.52%
Gross margin45.96%▲58.72%vs FY2024
Operating margin29.5%▲8.64%vs FY2024
ROE-45.33%▲43.25%vs FY2024
Analyst consensus
RatingBuy
Target price$119.17▲88.29%
20
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.63 · Revenue est $298.11M
View