Planet Fitness, Inc. (PLNT) intrinsic value & 10-year financials
Planet Fitness, Inc. (PLNT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 14.9% a year to $1.3B, with an average return on invested capital of 15.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $50.92
- Revenue (FY2025)
- $1.3B
- Revenue growth (10-yr CAGR)
- 14.9%
- ROIC (10-yr avg)
- 15.5%
- Free cash flow (FY2025)
- $254.8M
PLNT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | $219.1M | — | $254.8M | 29.8% | 13.7% |
| FY2024 | $1.2B | $172.0M | — | $188.8M | 27.4% | 11.5% |
| FY2023 | $1.1B | $138.3M | — | $194.3M | 25.5% | 10.3% |
| FY2022 | $936.8M | $99.4M | — | $140.2M | 24.6% | 12.2% |
| FY2021 | $587.0M | $42.8M | — | $135.2M | 24.4% | 16.3% |
| FY2020 | $406.6M | -$15.0M | — | -$21.4M | 14.7% | 7.9% |
| FY2019 | $688.8M | $117.7M | — | $146.4M | 33.8% | 28.8% |
| FY2018 | $572.9M | $88.0M | — | $143.5M | 32.1% | 28.4% |
| FY2017 | $429.9M | $33.1M | — | $93.3M | 34.3% | 14.6% |
| FY2016 | $378.2M | $21.5M | — | $93.4M | 30.6% | 11.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Planet Fitness, Inc. is a consistent compounder, expanding top-line revenue at 14.9% annually over the past decade.
Planet Fitness, Inc. has earned high returns on invested capital, averaging 15.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Planet Fitness, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Planet Fitness, Inc. is modeled at 14.9% normalized earnings growth with a 5.1% bond-yield adjustment.