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Planet Fitness, Inc. (PLNT) Fundamental Analysis & AI Grade 2026

PLNT NYSE Services-Membership Sports & Recreation Clubs DE CIK: 0001637207
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
70% Confidence
N/A
B
70% Conf
Pending
Analysis scheduled

📊 PLNT Key Takeaways

Revenue: $337.2M
Net Margin: 15.3%
Free Cash Flow: $122.0M
Current Ratio: 2.07x
Debt/Equity: N/A
EPS: $0.00
AI Grade: B with 70% confidence
Planet Fitness, Inc. (PLNT) receives a B fundamental grade with 70% confidence from our AI analysis based on SEC 10-K filings. With revenue of $337.2M, net profit margin of 15.3%, Planet Fitness, Inc. demonstrates mixed fundamentals in the Automotive sector. Below is our complete PLNT stock analysis for 2026.

Is Planet Fitness, Inc. (PLNT) a Good Investment?

Claude

Planet Fitness demonstrates strong operational fundamentals with 12.1% revenue growth and exceptional 29.3% operating margins, generating robust free cash flow of $122M. However, the critically negative stockholders' equity of -$482.2M and substantial $2.5B debt burden create material financial risk, with flat net income YoY signaling concerning margin pressure despite operational growth.

Planet Fitness, Inc. Key Strengths (PLNT)

Claude
  • + Strong revenue growth of 12.1% YoY in a mature industry segment
  • + Exceptional operating margin of 29.3% demonstrates efficient operations
  • + Outstanding free cash flow generation of $122M with 36.2% FCF margin
  • + Adequate liquidity position with $375.3M cash and 2.07x current ratio
  • + Sufficient interest coverage of 4.6x despite high leverage

PLNT Stock Risks: Planet Fitness, Inc. Investment Risks

Claude
  • ! Critical: Negative stockholders' equity of -$482.2M indicates technical insolvency on balance sheet basis
  • ! Severe leverage with $2.5B debt against -$482.2M equity creating refinancing risk
  • ! Net income flat (+0.0%) despite 12.1% revenue growth reveals deteriorating profitability at net level
  • ! Very low return on assets of 1.7% despite strong operations
  • ! High financial distress risk if operating cash flow deteriorates or debt cannot be refinanced

Key Metrics to Watch

Claude
  • * Net income trend and margin compression drivers versus revenue growth
  • * Total debt level and refinancing ability; path to positive equity
  • * Operating cash flow sustainability relative to debt service obligations
  • * Return on assets improvement and capital efficiency metrics

Planet Fitness, Inc. (PLNT) Financial Metrics & Key Ratios

Revenue
$337.2M
Net Income
$51.6M
EPS (Diluted)
$0.00
Free Cash Flow
$122.0M
Total Assets
$3.1B
Cash Position
$375.3M

💡 AI Analyst Insight

The 36.2% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 2.07x current ratio provides a solid financial cushion.

PLNT Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 29.3%
Net Margin 15.3%
ROE N/A
ROA 1.7%
FCF Margin 36.2%

PLNT vs Automotive Sector: How Planet Fitness, Inc. Compares

How Planet Fitness, Inc. compares to Automotive sector averages

Net Margin
PLNT 15.3%
vs
Sector Avg 6.0%
PLNT Sector
ROE
PLNT 0.0%
vs
Sector Avg 12.0%
PLNT Sector
Current Ratio
PLNT 2.1x
vs
Sector Avg 1.2x
PLNT Sector
Debt/Equity
PLNT 0.0x
vs
Sector Avg 1.0x
PLNT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Planet Fitness, Inc. Stock Overvalued? PLNT Valuation Analysis 2026

Based on fundamental analysis, Planet Fitness, Inc. has mixed fundamental signals relative to the Automotive sector in 2026.

Return on Equity
N/A
Sector avg: 12%
Net Profit Margin
15.3%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Planet Fitness, Inc. Balance Sheet: PLNT Debt, Cash & Liquidity

Current Ratio
2.07x
Quick Ratio
2.06x
Debt/Equity
N/A
Debt/Assets
0.0%
Interest Coverage
4.60x
Long-term Debt
$2.5B

PLNT Revenue & Earnings Growth: 5-Year Financial Trend

PLNT 5-year financial data: Year 2021: Revenue $688.8M, Net Income $117.7M, EPS N/A. Year 2022: Revenue $936.8M, Net Income -$15.0M, EPS N/A. Year 2023: Revenue $1.1B, Net Income $42.8M, EPS N/A. Year 2024: Revenue $1.2B, Net Income $99.4M, EPS N/A. Year 2025: Revenue $1.3B, Net Income $138.3M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Planet Fitness, Inc.'s revenue has grown significantly by 92% over the 5-year period, indicating strong business expansion.

PLNT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
36.2%
Free cash flow / Revenue

PLNT Quarterly Earnings & Performance

Quarterly financial performance data for Planet Fitness, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $276.7M $41.9M N/A
Q3 2025 $292.2M $42.0M N/A
Q2 2025 $300.9M $48.6M N/A
Q1 2025 $248.0M $34.3M N/A
Q3 2024 $277.6M $39.1M N/A
Q2 2024 $286.5M $41.1M N/A
Q1 2024 $222.2M $22.7M N/A
Q3 2023 $244.4M $26.9M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Planet Fitness, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$147.5M
Cash generated from operations
Stock Buybacks
$51.1M
Shares repurchased (TTM)
Capital Expenditures
$25.5M
Investment in assets
Dividends Paid
-$449.0K
Returned to shareholders

PLNT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Planet Fitness, Inc. (CIK: 0001637207)

📋 Recent SEC Filings

Date Form Document Action
May 14, 2026 4 xslF345X06/primarydocument.xml View →
May 11, 2026 4 xslF345X06/primarydocument.xml View →
May 11, 2026 8-K plnt-20260505.htm View →
May 7, 2026 10-Q plnt-20260331.htm View →
May 7, 2026 8-K plnt-20260507.htm View →

Frequently Asked Questions about PLNT

What is the AI rating for PLNT?

Planet Fitness, Inc. (PLNT) has an AI grade of B with 70% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PLNT's key strengths?

Claude: Strong revenue growth of 12.1% YoY in a mature industry segment. Exceptional operating margin of 29.3% demonstrates efficient operations.

What are the risks of investing in PLNT?

Claude: Critical: Negative stockholders' equity of -$482.2M indicates technical insolvency on balance sheet basis. Severe leverage with $2.5B debt against -$482.2M equity creating refinancing risk.

What is PLNT's revenue and growth?

Planet Fitness, Inc. reported revenue of $337.2M.

Does PLNT pay dividends?

Planet Fitness, Inc. pays dividends, with $-0.4M distributed to shareholders in the trailing twelve months.

Where can I find PLNT SEC filings?

Official SEC filings for Planet Fitness, Inc. (CIK: 0001637207) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PLNT's EPS?

Planet Fitness, Inc. has a diluted EPS of $0.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PLNT's fundamental grade?

Based on our AI fundamental analysis in May 2026, Planet Fitness, Inc. has a B grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PLNT stock overvalued or undervalued?

Valuation metrics for PLNT: ROE of N/A (sector avg: 12%), net margin of 15.3% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.

What is PLNT's AI grade for 2026?

Our dual AI analysis gives Planet Fitness, Inc. a combined B grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is PLNT's free cash flow?

Planet Fitness, Inc.'s operating cash flow is $147.5M, with capital expenditures of $25.5M. FCF margin is 36.2%.

How does PLNT compare to other Automotive stocks?

Vs Automotive sector averages: Net margin 15.3% (avg: 6%), ROE N/A (avg: 12%), current ratio 2.07 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI