Planet Fitness Inc (PLNT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 138,313 | 99,402 | 42,774 | -14,991 | 117,695 |
| Revenue | US$ in thousands | 984,750 | 853,868 | 510,324 | 326,538 | 633,784 |
| Net profit margin | 14.05% | 11.64% | 8.38% | -4.59% | 18.57% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $138,313K ÷ $984,750K
= 14.05%
Planet Fitness Inc's net profit margin has shown a fluctuating trend over the past five years, with values ranging from -3.69% to 17.09%. The company's net profit margin improved significantly from negative territory in 2020 to 17.09% in 2019, indicating a notable profitability turnaround. However, in subsequent years, the net profit margin experienced variations, with 2023 showing a value of 12.91%, a decrease from the previous year's value of 10.61% in 2022. This suggests that the company's profitability, in terms of net profit generated for each dollar of revenue, remains positive but has fluctuated in recent years. Further analysis of the company's financial performance and efficiency may be needed to understand the factors contributing to these changes in net profit margin.