Planet Fitness Inc (PLNT)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	963,303	908,092	863,643	820,174	795,974	539,709	512,872	478,617	436,469	447,082	380,181	308,114	251,939	425,546	386,807	298,880	300,417	358,156	395,739	500,125
Revenue (ttm)	US$ in thousands	1,160,425	1,082,185	1,045,786	1,009,840	986,001	984,910	952,853	891,685	852,544	755,272	666,937	580,823	510,272	479,125	428,591	330,645	346,043	403,782	472,257	622,556
Gross profit margin		83.01%	83.91%	82.58%	81.22%	80.73%	54.80%	53.82%	53.68%	51.20%	59.19%	57.00%	53.05%	49.37%	88.82%	90.25%	90.39%	86.81%	88.70%	83.80%	80.33%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $963,303K ÷ $1,160,425K
= 83.01%

Planet Fitness Inc's gross profit margin has shown some fluctuations over the past few years. The company's gross profit margin started strong at 80.33% as of March 31, 2020, and steadily increased to reach a peak of 90.39% by March 31, 2021. However, there was a slight decline in the next quarter, dropping to 90.25% on June 30, 2021.

Subsequently, the gross profit margin fluctuated between the high 80% range and low 60% range over the next few quarters, showing some instability. Notably, there was a significant decrease in the gross profit margin to 49.37% by December 31, 2021, and a subsequent increase to 59.19% by September 30, 2022.

However, the gross profit margin gradually improved in the following quarters, reaching 83.01% by December 31, 2024. Overall, despite some fluctuations, the gross profit margin of Planet Fitness Inc has remained relatively strong, with the company demonstrating an ability to manage costs and generate healthy profits from its operations.