OneSpaWorld vs Planet Fitness
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put OneSpaWorld and Planet Fitness side by side, using each one’s latest annual report. Here is what stands out:
- Planet Fitness is the larger business, with $1.3B of revenue in fiscal 2025 against $961M for OneSpaWorld.
- Planet Fitness grew revenue faster (12.1%, against 7.4%).
- Planet Fitness kept more of each dollar of sales as operating profit (29.8% operating margin, against 8.5%).
- Planet Fitness turned more of its sales into free cash flow (19.2% FCF margin, against 7.1%).
- Planet Fitness earned a higher return on the capital invested in it (18.4%, against 12.7%).
Who comes out ahead
Of the 7 measures where higher (or lower) is clearly better, how many each company leads.
OneSpaWorld
OSW
2/7
5-year growthNet debt / EBITDA
Planet Fitness
PLNT
5/7
Revenue growthOperating marginNet marginFCF marginReturn on capital
Side by side
Best in the row
| Latest fiscal year | OSW FY25 | PLNT FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.4B | — |
| Revenue | $961M | $1.3B |
| Free cash flow | $68.5M | $255M |
| Net income | $71.6M | $219M |
| Growth | ||
| Revenue growth | 7.4% | 12.1% |
| 5-year growth | 51.4% | 26.6% |
| Share count change | −1.2% | — |
| Profitability | ||
| Gross margin | — | 82.6% |
| Operating margin | 8.5% | 29.8% |
| Net margin | 7.5% | 16.6% |
| FCF margin | 7.1% | 19.2% |
| Return on capital | 12.7% | 18.4% |
| Return on equity | 13.1% | — |
| Balance sheet | ||
| Net debt | $67.7M | $2.0B |
| Net debt / EBITDA | 0.6x | 3.7x |
| Dividends and buybacks | $92.9M | $500M |
| Valuation & quality | ||
| P/E | 30.2x | — |
| Piotroski F-score | 6 | — |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.

