• Planet Fitness average return on tangible equity for 2023 was -9.69, a 74.59% increase from 2022.
• Planet Fitness average return on tangible equity for 2022 was -5.55, a 152.27% increase from 2021.
• Planet Fitness average return on tangible equity for 2021 was -2.2, a 31.46% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.