Planet Fitness Inc (PLNT)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 240,485 | 196,825 | 149,917 | 48,433 | -14,304 |
| Revenue | US$ in thousands | 1,180,040 | 984,750 | 853,868 | 510,324 | 326,538 |
| Pretax margin | 20.38% | 19.99% | 17.56% | 9.49% | -4.38% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $240,485K ÷ $1,180,040K
= 20.38%
Planet Fitness Inc's pretax margin has shown a positive trend over the past five years, reflecting improved profitability before taxes.
- In December 2020, the pretax margin was negative at -4.38%, indicating that expenses exceeded revenues before considering taxes.
- By December 2021, the company had turned this around significantly, achieving a pretax margin of 9.49%, marking a positive shift towards profitability.
- The trend continued upward into December 2022, with a further increase to 17.56%, reflecting enhanced operational efficiency and cost management.
- By December 2023, the pretax margin improved to 19.99%, indicating a solid growth trajectory and strong financial performance.
- The most recent data point in December 2024 shows a pretax margin of 20.38%, highlighting the company's sustained profitability and positive financial outlook.
Overall, Planet Fitness Inc's pretax margin has exhibited substantial improvement, indicating effective cost control measures and revenue generation strategies, ultimately leading to enhanced financial health and profitability.