Six Flags
FUN · Leisure Facilities
$6.77
6.5%Planet Fitness
PLNT · Leisure Facilities
$52.52
1.4%The short version
- Six Flags is the larger business, with $3.1B of revenue in fiscal 2025 against $1.3B for Planet Fitness, about 2.3 times as much.
- Six Flags grew revenue faster (14.5%, against 12.1%).
- Planet Fitness kept more of each dollar of sales as operating profit (29.8% operating margin, against −44.4% operating margin).
- Planet Fitness turned more of its sales into free cash flow (19.2% FCF margin, against −4.9% FCF margin).
- Planet Fitness earned a higher return on the capital invested in it (18.4%, against −17.7%).
| Latest fiscal year | FUN · FY25 | PLNT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $689M | — |
| Revenue | $3.1B | $1.3B |
| Free cash flow | −$152M | $255M |
| Net income | −$1.6B | $219M |
| Growth | ||
| Revenue growth | 14.5% | 12.1% |
| 5-year growth | 76.4% | 26.6% |
| Share count change | 33.8% | — |
| Profitability | ||
| Gross margin | 91.3% | 82.6% |
| Operating margin | −44.4% | 29.8% |
| Net margin | −51.6% | 16.6% |
| FCF margin | −4.9% | 19.2% |
| Return on capital | −17.7% | 18.4% |
| Return on equity | −123.4% | — |
| Balance sheet | ||
| Net debt | $5.1B | $2.0B |
| Net debt / EBITDA | — | 3.7x |
| Dividends and buybacks | $0.0M | $500M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 4 | — |
FY16
FUN $1.3B
PLNT $378M
FY17
FUN $1.3B
PLNT $430M
FY18
FUN $1.3B
PLNT $573M
FY19
FUN $1.5B
PLNT $689M
FY20
FUN $182M
PLNT $407M
FY21
FUN $1.3B
PLNT $587M
FY22
FUN $1.8B
PLNT $937M
FY23
FUN $1.8B
PLNT $1.1B
FY24
FUN $2.7B
PLNT $1.2B
FY25
FUN $3.1B
PLNT $1.3B
FUN
PLNT
FY16
FUN 24.6%
PLNT 30.6%
FY17
FUN 22.3%
PLNT 34.3%
FY18
FUN 21.5%
PLNT 32.1%
FY19
FUN 21.0%
PLNT 33.8%
FY20
FUN −315.1%
PLNT 14.7%
FY21
FUN 11.1%
PLNT 24.4%
FY22
FUN 28.6%
PLNT 24.6%
FY23
FUN 17.0%
PLNT 25.5%
FY24
FUN 11.5%
PLNT 27.4%
FY25
FUN −44.4%
PLNT 29.8%
FUN
PLNT
FY16
FUN $198M
PLNT $93.4M
FY17
FUN $143M
PLNT $93.3M
FY18
FUN $161M
PLNT $144M
FY19
FUN $72.4M
PLNT $146M
FY20
FUN −$546M
PLNT −$21.4M
FY21
FUN $142M
PLNT $135M
FY22
FUN $224M
PLNT $140M
FY23
FUN $105M
PLNT $194M
FY24
FUN $52.6M
PLNT $189M
FY25
FUN −$152M
PLNT $255M
FUN
PLNT
FY16
FUN 15.8%
PLNT 20.2%
FY17
FUN 20.2%
PLNT 16.3%
FY18
FUN 14.8%
PLNT 30.2%
FY19
FUN 14.0%
PLNT 34.4%
FY20
FUN −23.4%
PLNT 8.0%
FY21
FUN 6.4%
PLNT 21.4%
FY22
FUN 25.8%
PLNT 16.2%
FY23
FUN 13.8%
PLNT 13.6%
FY24
FUN 3.7%
PLNT 15.3%
FY25
FUN −17.7%
PLNT 18.4%
FUN
PLNT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.