The Filing Desk

OneSpaWorld vs Planet Fitness

OneSpaWorld OSW · Planet Fitness PLNT · Leisure Facilities

Planet Fitness reported revenue of $1.3 billion in fiscal 2025, 1.4 times OneSpaWorld's $961 million in fiscal 2025. OneSpaWorld's revenue grew 7.4% in its latest year, and Planet Fitness' grew 12.1%. OneSpaWorld had an operating margin of 8.5%, against 29.8% at Planet Fitness. Free cash flow was $68 million at OneSpaWorld and $255 million at Planet Fitness.

Side by side

OneSpaWorldPlanet Fitness
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$961M$1.3B
Revenue growth7.4%12.1%
Revenue growth a year, last 5 years51.4%26.6%
Gross margin—82.6%
Operating margin8.5%29.8%
Net margin7.5%16.6%
Free cash flow$68M$255M
Free cash flow margin7.1%19.2%
Return on capital12.7%18.4%
Net debt to EBITDA0.6x3.7x
Dividends and buybacks$93M$500M
Change in diluted share count−1.2%—
Last close$23.99$52.44
P/E at the last close30.4×—
Insider trades, last 12 monthssold $8.2 millionbought $1.1 million, sold $358,540
Piotroski F-score6 of 8—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
OneSpaWorldPlanet Fitness
Operating margin
Percent of revenue
OneSpaWorldPlanet Fitness
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
OneSpaWorldPlanet Fitness

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the OneSpaWorld and Planet Fitness pages.