Planet Fitness Inc (PLNT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 272,864 | 230,078 | 143,395 | 59,760 | 233,083 |
| Revenue | US$ in thousands | 984,750 | 853,868 | 510,324 | 326,538 | 633,784 |
| Operating profit margin | 27.71% | 26.95% | 28.10% | 18.30% | 36.78% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $272,864K ÷ $984,750K
= 27.71%
The operating profit margin of Planet Fitness Inc has exhibited volatility over the past five years. In 2019, the margin was notably high at 34.11%, indicating efficient cost management and healthy operational performance. However, there was a significant drop to 15.79% in 2020, suggesting potential operational challenges or increased costs impacting profitability.
The company demonstrated a recovery in 2021 with an operating profit margin of 27.01%, showing improvements in cost controls or revenue generation strategies. This positive trend continued into 2022, with a margin of 25.10%, indicating sustained efforts to enhance operational efficiency.
In the most recent year, 2023, Planet Fitness Inc achieved an operating profit margin of 26.44%, suggesting stability in its operational performance. Overall, the company's operating profit margin reflects fluctuations but also indicates efforts to maintain profitability and efficiency in its operations. It will be essential for investors and stakeholders to monitor future trends in the operating profit margin to assess the company's financial health and performance.