Planet Fitness Inc (PLNT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 172,042 | 138,313 | 99,402 | 42,774 | -14,991 |
| Revenue | US$ in thousands | 1,180,040 | 984,750 | 853,868 | 510,324 | 326,538 |
| Net profit margin | 14.58% | 14.05% | 11.64% | 8.38% | -4.59% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $172,042K ÷ $1,180,040K
= 14.58%
The net profit margin of Planet Fitness Inc has shown a positive trend over the years, indicating improvement in the company's profitability. As of December 31, 2020, the net profit margin was negative at -4.59%, suggesting that the company was operating at a loss during that period. However, there has been a significant turnaround since then, with the net profit margin increasing to 8.38% by December 31, 2021, and further improving to 11.64% by December 31, 2022.
The most recent data available shows that by December 31, 2024, Planet Fitness Inc achieved a net profit margin of 14.58%, showcasing strong profitability. This upward trend in the net profit margin indicates that the company has effectively managed its expenses and generated more revenue relative to its costs over the years. Overall, the improving net profit margin reflects positively on the financial performance and efficiency of Planet Fitness Inc.