Planet Fitness (FRA:3PL) Operating Income: €356 Mil (TTM As of Mar. 2026)


FRA:3PL Planet Fitness Inc FRA:3PL
76 GF Score
Price €44.47
GF Value €90.42
Valuation Possible Value Trap
! 1 Warning Sign
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What is Planet Fitness Operating Income?

Planet Fitness FRA:3PL -0.31% 76 Operating Income is €356 Mil as of Mar. 2026. GuruFocus rates FRA:3PL with a GF Score™ of 76/100 and a GF Value™ of €90.42 (Possible Value Trap). The stock has 1 warning sign investors should review.

Planet Fitness's Operating Income for the three months ended in Mar. 2026 was €85 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €356 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Planet Fitness's Operating Income for the three months ended in Mar. 2026 was €85 Mil. Planet Fitness's Revenue for the three months ended in Mar. 2026 was €292 Mil. Therefore, Planet Fitness's Operating Margin % for the quarter that ended in Mar. 2026 was 29.26%.

Good Sign:

Planet Fitness Inc operating margin is expanding. Margin expansion is usually a good sign.

Planet Fitness's 5-Year average Growth Rate for Operating Margin % was 11.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Planet Fitness's annualized ROC % for the quarter that ended in Mar. 2026 was 11.22%. Planet Fitness's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.93%.


Planet Fitness  (FRA:3PL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Planet Fitness's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=341.396 * ( 1 - 26.83% )/( (2209.235 + 2242.007)/ 2 )
=249.7994532/2225.621
=11.22 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2650.299 - 145.668 - ( 386.361 - max(0, 266.866 - 562.262+386.361))
=2209.235

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2685.514 - 136.143 - ( 409.842 - max(0, 286.953 - 594.317+409.842))
=2242.007

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Planet Fitness's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=363.112/( ( (748.161 + max(-102.218, 0)) + (736.009 + max(-118.702, 0)) )/ 2 )
=363.112/( ( 748.161 + 736.009 )/ 2 )
=363.112/742.085
=48.93 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.148 + 6.474 + 77.637) - (145.668 + 50.038 + 50.771)
=-102.218

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.531 + 4.16 + 106.286) - (136.143 + 74.713 + 53.823)
=-118.702

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Planet Fitness's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=85.349/291.709
=29.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Planet Fitness Operating Income Related Terms


Planet Fitness Operating Income Historical Data

* Premium members only.

The historical data trend for Planet Fitness's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Planet Fitness Operating Income Chart

Planet Fitness Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126.91 217.19 250.22 309.61 337.05

Planet Fitness Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.26 88.78 91.22 90.53 85.35
FRA:3PL
76GF Score
Planet Fitness Inc FRA:3PL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Planet Fitness Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €356 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €356 Mil mean?
Planet Fitness (FRA:3PL) has a Operating Income of €356 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Planet Fitness and its competitors.
Is Planet Fitness' Operating Income too high?
Planet Fitness' current Operating Income is €356 Mil. Overall, Planet Fitness has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Planet Fitness' Operating Income compare to MAT and YETI?
Planet Fitness' Operating Income of €356 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Planet Fitness and its competitors. Planet Fitness's current Operating Income is €356 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Planet Fitness stock overvalued right now?
Based on GuruFocus' analysis, Planet Fitness (FRA:3PL) is currently considered Possible Value Trap. The stock's GF Value™ is €90.42, compared to a current price of €44.47 — trading 50.8% below its estimated fair value. The current Operating Income is €356 Mil. Planet Fitness' overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Planet Fitness (FRA:3PL), the current Operating Income is €356 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Planet Fitness (FRA:3PL) Overvalued in 2026?

Based on GuruFocus' analysis, Planet Fitness stock appears to be undervalued. The current stock price of €44.47 is trading 50.8% below its estimated GF Value™ of €90.42. GuruFocus considers Planet Fitness to be Possible Value Trap.

Key valuation signals for FRA:3PL:

  • Operating Income: €356 Mil
  • GF Value™: €90.42 vs. price of €44.47 (50.8% below fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the FRA:3PL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Planet Fitness Business Description

Address 4 Liberty Lane West, Hampton, NH, USA, 03842
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.
76GF Score

Get the complete analysis for FRA:3PL

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€44.47
Price
€90.42
GF Value