Planet Fitness, Inc. — Cyborg Score 8/10

Strong
Fitness Centers & Health Clubs

Strategic Profile

Planet Fitness outlined its strategy at its 2025 Investor Day with four strategic imperatives to modernize the brand, enhance member experience, refine club floorplans, and accelerate global new-club growth. The company set 2026–2028 growth targets including low-double digit revenue CAGR and mid-to-high teens adjusted diluted EPS CAGR.

Cyborg Score Rationale

As of September 30, 2025, Planet Fitness reported ~20.7 million members and 2,795 clubs, with strong unit growth and market positioning. Q3 2025 showed total revenue of $330.3M (+13.0%) with Adjusted EBITDA of $140.8M. The capital-light franchise model and expanding geographic presence support sustainable growth.

Top Insights

  • System-wide same club sales rose 6.7% for full year 2025 with 181 new clubs opened including 23 corporate locations, bringing system total to 2,896 clubs.
  • As of December 31, 2025, Planet Fitness reported approximately 20.8 million members and 2,896 clubs across multiple countries.
  • EBITDA is $529.26M with current EBITDA margin of 41.01%.
  • Steve Beard, Chairman & CEO of Covista, was appointed to the Board effective February 9, 2026, bringing healthcare education, corporate governance, M&A, and talent-acquisition experience.

Named Competitors

  • Life Time — Premium fitness and lifestyle brand with integrated wellness
  • Peloton — Connected fitness technology and digital subscription services
  • Basic-Fit — Europe's largest gym operator with rapid expansion
  • Xponential Fitness — Multi-brand boutique fitness franchisor

Recent Developments

  • (February 2026) Steve Beard appointed to Board of Directors to support strategy execution
  • (December 2025) Planet Fitness completed refinancing and priced $750 million of Series 2025-1 Class A notes
  • (November 2025) Investor Day presented four strategic imperatives and ambitious 2026-2028 growth targets

Open the full interactive Planet Fitness, Inc. report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.

Open report →