Life Time Group
LTH · Leisure Facilities
$41.93
0.1%Planet Fitness
PLNT · Leisure Facilities
$52.52
1.4%The short version
- Life Time Group is the larger business, with $3.0B of revenue in fiscal 2025 against $1.3B for Planet Fitness, about 2.3 times as much.
- Life Time Group grew revenue faster (14.3%, against 12.1%).
- Planet Fitness kept more of each dollar of sales as operating profit (29.8% operating margin, against 16.1% operating margin).
- Planet Fitness turned more of its sales into free cash flow (19.2% FCF margin, against −0.7% FCF margin).
- Planet Fitness earned a higher return on the capital invested in it (18.4%, against 8.5%).
| Latest fiscal year | LTH · FY25 | PLNT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.5B | — |
| Revenue | $3.0B | $1.3B |
| Free cash flow | −$21.0M | $255M |
| Net income | $374M | $219M |
| Growth | ||
| Revenue growth | 14.3% | 12.1% |
| 5-year growth | 25.9% | 26.6% |
| Share count change | 6.8% | — |
| Profitability | ||
| Gross margin | 47.6% | 82.6% |
| Operating margin | 16.1% | 29.8% |
| Net margin | 12.5% | 16.6% |
| FCF margin | −0.7% | 19.2% |
| Return on capital | 8.5% | 18.4% |
| Return on equity | 13.0% | — |
| Balance sheet | ||
| Net debt | $1.3B | $2.0B |
| Net debt / EBITDA | 1.7x | 3.7x |
| Dividends and buybacks | $0.0M | $500M |
| Valuation & quality | ||
| P/E | 22.8x | — |
| Piotroski F-score | 8 | — |
FY16
LTH —
PLNT $378M
FY17
LTH —
PLNT $430M
FY18
LTH —
PLNT $573M
FY19
LTH $1.9B
PLNT $689M
FY20
LTH $948M
PLNT $407M
FY21
LTH $1.3B
PLNT $587M
FY22
LTH $1.8B
PLNT $937M
FY23
LTH $2.2B
PLNT $1.1B
FY24
LTH $2.6B
PLNT $1.2B
FY25
LTH $3.0B
PLNT $1.3B
LTH
PLNT
FY16
LTH —
PLNT 30.6%
FY17
LTH —
PLNT 34.3%
FY18
LTH —
PLNT 32.1%
FY19
LTH 8.9%
PLNT 33.8%
FY20
LTH −37.9%
PLNT 14.7%
FY21
LTH −37.6%
PLNT 24.4%
FY22
LTH 6.1%
PLNT 24.6%
FY23
LTH 10.2%
PLNT 25.5%
FY24
LTH 13.6%
PLNT 27.4%
FY25
LTH 16.1%
PLNT 29.8%
LTH
PLNT
FY16
LTH —
PLNT $93.4M
FY17
LTH —
PLNT $93.3M
FY18
LTH —
PLNT $144M
FY19
LTH −$265M
PLNT $146M
FY20
LTH −$362M
PLNT −$21.4M
FY21
LTH −$349M
PLNT $135M
FY22
LTH −$390M
PLNT $140M
FY23
LTH −$235M
PLNT $194M
FY24
LTH $50.6M
PLNT $189M
FY25
LTH −$21.0M
PLNT $255M
LTH
PLNT
FY16
LTH —
PLNT 20.2%
FY17
LTH —
PLNT 16.3%
FY18
LTH —
PLNT 30.2%
FY19
LTH —
PLNT 34.4%
FY20
LTH —
PLNT 8.0%
FY21
LTH −10.3%
PLNT 21.4%
FY22
LTH 2.3%
PLNT 16.2%
FY23
LTH 4.5%
PLNT 13.6%
FY24
LTH 6.4%
PLNT 15.3%
FY25
LTH 8.5%
PLNT 18.4%
LTH
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.