Planet Fitness Inc (PLNT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 155,459 | 145,057 | 133,632 | 122,587 |
| Revenue (ttm) | US$ in thousands | 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 | 649,563 | 632,412 | 600,132 | 572,191 |
| Pretax margin | 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% | 23.93% | 22.94% | 22.27% | 21.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $196,826K ÷ $986,001K
= 19.96%
The pretax margin of Planet Fitness Inc has shown a consistent upward trend over the past eight quarters, reflecting improving profitability. In Q4 2023, the pretax margin reached 19.19%, the highest level compared to the previous seven quarters. This indicates that the company is effectively managing its operating expenses and generating stronger earnings before taxes. The steady increase in pretax margin suggests improved operational efficiency and potentially higher revenue generation relative to costs. Overall, the upward trajectory of the pretax margin demonstrates positive financial performance and management effectiveness at Planet Fitness Inc.