ProfileJobs

Planet Fitness

HealthRetailecommercefitnesswellness
Planet Fitness isn’t your typical gym. Sure, we have tons of the latest cardio and strength equipment, free weights, super clean locker rooms and unlimited fitness training in a Judgement Free Zone®. What’s a Judgement Free Zone®? We do everything possible so that when you step inside any one of our 800 clubs, you feel at home. Because we believe that everyone should have a place to work out where they can relax, go at their own pace and never have to worry about pressure or judgement. Planet Fitness is one of the most successful and fastest growing fitness franchises in the country. And it just so happens the hometown of our corporate headquarters frequently ranks on “Best Places to Live” lists.
Revenue(Q1, 2017)
$91.1 M
Market capitalization(2017-08-15)
$1.9 B
Stores(FY, 2016)
1.3 K
Company Growth (employees)
Type
Public
HQ
Newington, US
Founded
1992
Size (employees)
963 (est)
Website
planetfitness.com
Planet Fitness was founded in 1992 and is headquartered in Newington, US

Planet Fitness Office Locations

Planet Fitness has an office in Newington
Newington, US (HQ)
26 Fox Run Rd

Planet Fitness Data and Metrics

Planet Fitness Financial Metrics

Planet Fitness's revenue was reported to be $91.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

91.1 m

Gross profit (Q1, 2017)

70 m

Gross profit margin (Q1, 2017), %

77%

Net income (Q1, 2017)

17.9 m

EBIT (Q1, 2017)

33.1 m

Market capitalization (15-Aug-2017)

1.9 b

Cash (31-Mar-2017)

60.2 m
Planet Fitness's current market capitalization is $1.9 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

279.8 m330.5 m378.2 m

Revenue growth, %

18%14%

Cost of goods sold

100.3 m113.5 m122.3 m

Gross profit

179.5 m217 m255.9 m

Gross profit Margin, %

64%66%68%

General and administrative expense

35.1 m55.6 m50 m

Operating expense total

218.2 m258.4 m262.6 m

EBIT

61.5 m72.1 m115.7 m

EBIT margin, %

22%22%31%

Interest expense

21.8 m(24.5 m)(27.1 m)

Pre tax profit

38.5 m47.3 m89.9 m

Income tax expense

1.2 m9.1 m18.7 m

Net Income

37.3 m38.1 m71.2 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

79 m68.8 m83.3 m91.5 m87 m91.1 m

Cost of goods sold

25.3 m18.9 m23.6 m27.8 m25.9 m21.1 m

Gross profit

53.7 m50 m59.7 m63.7 m61.1 m70 m

Gross profit Margin, %

68%73%72%70%70%77%

General and administrative expense

12.4 m17.3 m11.8 m12.4 m12.2 m13.8 m

Operating expense total

12.4 m17.3 m11.8 m12.4 m12.2 m13.8 m

EBIT

18.7 m10.3 m25.6 m27.8 m26.2 m33.1 m

EBIT margin, %

24%15%31%30%30%36%

Interest expense

(6.6 m)(6.6 m)(6.4 m)(6.2 m)(6.3 m)(8.8 m)

Pre tax profit

12 m2 m19.6 m21.5 m19.7 m25 m

Income tax expense

419 k1.2 m3.3 m3.4 m4.8 m7.1 m

Net Income

11.6 m738 k16.3 m18.1 m14.9 m17.9 m
USDY, 2012Y, 2013Y, 2014FY, 2015FY, 2016

Cash

9.5 m31.3 m43.3 m31.4 m40.4 m

Accounts Receivable

7.9 m

Inventories

4.6 m1.8 m

Current Assets

72.9 m91.2 m

PP&E

56.1 m61.2 m

Goodwill

177 m177 m

Total Assets

699.2 m1 b

Accounts Payable

24 m28.5 m

Current Liabilities

66.3 m83.3 m

Non-Current Liabilities

634 m1.1 b

Total Liabilities

700.3 m1.2 b

Additional Paid-in Capital

352 k34.5 m

Retained Earnings

(14 m)(164.1 m)

Total Equity

(214.8 m)

Financial Leverage

-4.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

28.5 m38.3 m55.7 m66 m60.2 m

Accounts Receivable

9.7 m

Inventories

2.8 m1.5 m893 k759 k1.3 m

Current Assets

59.8 m68.8 m88.4 m103.1 m99.6 m

PP&E

54.3 m

Goodwill

177 m177 m177 m177 m177 m

Total Assets

701.1 m685.7 m779.4 m852.3 m1.2 b

Accounts Payable

14.7 m10.1 m12 m14.4 m13.3 m

Current Liabilities

61 m51.9 m63 m66.3 m71.5 m

Non-Current Liabilities

654.3 m626.5 m697.8 m757.3 m1.3 b

Additional Paid-in Capital

122 k577 k8 m14.8 m23.1 m

Retained Earnings

(17.4 m)(11.8 m)(7.7 m)(4.2 m)(155.3 m)

Total Equity

1 k7.3 m18.6 m28.7 m(188 m)

Financial Leverage

94.4 x41.9 x29.7 x-6.2 x
USDFY, 2015FY, 2016

Net Income

38.1 m71.2 m

Depreciation and Amortization

32.2 m31.5 m

Accounts Receivable

(414 k)(7.8 m)

Inventories

(1.5 m)2.8 m

Accounts Payable

263 k7.4 m

Cash From Operating Activities

81.7 m108.8 m

Purchases of PP&E

(19.5 m)(15.4 m)

Cash From Investing Activities

(19.2 m)(14.7 m)

Long-term Borrowings

(14.8 m)(5.6 m)

Cash From Financing Activities

(74.2 m)(85.2 m)

Interest Paid

23.2 m24.3 m

Income Taxes Paid

115 k(6 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.6 m738 k16.3 m18.1 m14.9 m17.9 m

Depreciation and Amortization

8 m8 m7.7 m7.7 m7.7 m8 m

Accounts Receivable

9.7 m

Inventories

767 k2.8 m1.5 m893 k759 k1.3 m

Accounts Payable

11.8 m14.7 m10.1 m12 m14.4 m13.3 m
USDY, 2017

Revenue/Employee

94.6 k

Financial Leverage

-6.2 x

Planet Fitness Operating Metrics

Planet Fitness's Stores was reported to be 1.3 k in FY, 2016, which is a 17% increase from the previous period
FY, 2015FY, 2016

Stores

1.12 k1.31 k

Members

7.3 m8.9 m

Planet Fitness Market Value History

Planet Fitness Revenue Breakdown

Market Position of Planet Fitness

Competitors

GuavaPass
Health - Private
MyOTCStore.com
Health - Private
Sweaty Betty
Manufacturing & Industrial - Private
Nutrisystem
Health - Public
Compare competitors

Traffic Overview of Planet Fitness

Planet Fitness Online and Social Media Presence

Planet Fitness News and Updates

March 09, 2017

A CEO explains why he doesn't choose job candidates based on their résumés

Ben Midgley, CEO of Crunch Fitness Franchise, doesn't put too much stock in a job candidate's résumé. "I don't really look at someone's résumé and say, 'That's the person,'" he told Business Insider. Midgley, who was formerly executive vice president of Planet Fitness and se…
January 18, 2017

Inglewood real estate market expected to score as Chargers join Rams at new stadium

The Chargers’ decision to join the Rams at a splashy new stadium in Inglewood has at least one builder even more pumped up about the city’s prospects. The promise of pro football in Inglewood, still three years away, has already given a lift to real estate developer Sandy Sigal, who is spending.…
December 19, 2016

A small hedge fund that says its reports have led to CEO resignations has a new big short (ULTI)

A small short-seller that says its reports have led to the resignations of several CEOs has a new big short. Ben Axler's Spruce Point Capital Management, a stock-focused hedge fund, has released a new report on Ultimate Software, a tech company that provides cloud-based huma…
October 24, 2016

People love gyms like CrossFit and Pure Barre because they’ve made fancy fitness a status symbol

Americans have developed a taste for fancy gyms. Attendance at specialty gyms like SoulCycle, CrossFit, Pure Barre, Orangetheory, and countless others grew by 70% between…
September 13, 2016

Firefighter climbed 110 sets of stairs to pay tribute to 9/11 victims

One firefighter found his own way to remember September 11. To mark the 15-year anniversary of the attacks, firefighter Jason Harding wore his uniform to climb 110 sets of stairs on a StairMaster at a Planet Fitness in Tennessee. Each of the Twin Towers had 110 floors. SEE ALSO: Walmart's Septem…
August 21, 2016

Planet Fitness's main competitors are Chili's and Uno's, CEO says

Planet Fitness isn't known as a haven for super fit people and it's often the butt of jokes when it comes to fitness. After all, the gym serves free pizza once a month and greets customers with free Tootsie Rolls at the front desk. But that seems to be working. The fitness c…
Show more

Planet Fitness Company Life and Culture

You may also be interested in