Planet Fitness Inc (PLNT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 240,485 | 229,779 | 223,855 | 213,187 | 196,826 | 190,085 | 180,051 | 154,014 | 149,917 | 98,072 | 79,416 | 67,673 | 48,433 | 68,468 | 40,404 | -18,860 | -14,304 | 9,755 | 49,987 | 136,264 |
| 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 |
| Pretax margin | 20.72% | 21.23% | 21.41% | 21.11% | 19.96% | 19.30% | 18.90% | 17.27% | 17.58% | 12.98% | 11.91% | 11.65% | 9.49% | 14.29% | 9.43% | -5.70% | -4.13% | 2.42% | 10.58% | 21.89% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $240,485K ÷ $1,160,425K
= 20.72%
Planet Fitness Inc's pretax margin has displayed fluctuations over the past few years.
The pretax margin decreased from 21.89% on March 31, 2020, to -5.70% on March 31, 2021, indicating a significant decline in profitability. However, the company managed to improve its performance in the following periods, with the pretax margin rising to 19.96% by December 31, 2023, and eventually reaching 20.72% by December 31, 2024.
Overall, the company showed a positive trend in its pretax margin in recent years, with a slight dip in the final quarter of 2024. This suggests that Planet Fitness Inc has been able to effectively manage its operating expenses and generate higher earnings before taxes, which is a positive sign for investors and stakeholders.