October 2026
Largest Fitness & Wellness Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Garmin, Technogym, Callaway Golf, Peloton and Herbalife.
 | Garmin is an American multinational technology company that designs, manufactures and sells GPS-enabled devices and related software for the fitness, outdoor, automotive, aviation and marine markets. It was founded in October 1989 as ProNav in Lenexa, Kansas, by Gary Burrell and Min Kao, who is chairman, and has had its corporate headquarters in Olathe, Kansas, since 1996, while its legal domicile has been Schaffhausen, Switzerland, since 2010; Cliff Pemble is president and chief executive. Its products include running and multisport watches, cycling computers, wearables, handheld GPS units, avionics and flight decks, marine chartplotters, fish finders and automotive systems, supported by the Garmin Connect platform and subscription services. Garmin is listed on the New York Stock Exchange as GRMN and is in the S&P 500. In 2025 it generated revenue of $7.25 billion, operating income of $1.88 billion and net income of $1.66 billion, with nearly 23,000 employees in 34 countries. It earns revenue mainly from product sales to consumers and to aircraft, boat and car makers, plus subscriptions. It has made many bolt-on acquisitions, including Navionics, Firstbeat Analytics, JL Audio, MyLaps and, in 2026, TrainingPeaks and TrainHeroic. | $268 | +25% | $52B | $49B | 6.8x | 23.7x | ||
 | Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise, and rehabilitation solutions to the segments of the fitness equipment market and the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, Americas, MEIA, and Italy. | $14 | -21% | $2.9B | $2.8B | 2.4x | 11.9x | ||
| Callaway Golf is a United States golf-equipment and active-lifestyle company founded in 1982 and based in Carlsbad, California. Its historical core business designs and sells golf clubs, golf balls, bags and accessories under the Callaway and Odyssey brands. Products reach individual golfers through sporting-goods retailers, specialist golf shops, distributors and direct channels. The company earns revenue from physical product sales and, following later expansion, entertainment and technology services. In 2003 Callaway acquired substantially all of the golf-related assets of the bankrupt Top-Flite business, including Top-Flite, Strata and Ben Hogan brands. That acquisition broadened its golf-ball and equipment range and added manufacturing and intellectual-property assets. The current corporate lineage became Topgolf Callaway Brands after the later combination with Topgolf, but the existing record represents the same historical buyer. | $14 | +45% | $2.4B | $2.4B | 1.2x | 12.4x | ||
| Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product derives revenue from the portfolio of Connected Fitness Products and related accessories, as well as Precor-branded fitness products, delivery and installation services, Peloton Bike portfolio rental products, extended warranty agreements, branded apparel, and commercial service contracts. Subscription revenue is derived from monthly Subscription fees. The company generates maximum revenue from the Subscription segment. Geographically, the company derives a majority of its revenue from North America and the rest from International markets. | $5 | -29% | $2.2B | $2.7B | 1.1x | 13.2x | ||
| Herbalife Ltd is a health and wellness company. It provides health and wellness products in 95 markets through a direct-selling business model. Its product categories include Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition, and Literature, Promotional, and Other. Weight Management generates the majority of revenue, with products such as meal replacements, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. Products are manufactured at facilities in Changsha and Suzhou, China; Lake Forest, California; and Winston-Salem, North Carolina, as well as by third-party providers. Revenues reflect sales to Members across North America, Latin America, EMEA, Asia Pacific, and China. | $13 | +63% | $1.4B | $3.2B | 0.6x | 5.3x | ||
 | Johnson Health Tech Co Ltd is a producer of fitness equipment. The main activities of the company is manufacturing and selling sports equipment, cardio equipment, weight training equipment, and related electronic components. | $4 | -26% | $1.2B | $1.6B | 0.9x | 9.1x | ||
 | Shuhua Sports Co Ltd is a provider of fitness equipment and health solutions in China. It has four production bases and two operation centers in China. The company offers home fitness, commercial fitness, physical training, campus sports and various others. Its global business covers more than 60 countries and regions, including Europe and the United States, the Middle East and Southeast Asia. | $2 | +42% | $757M | $739M | 3.2x | 28.5x | ||
| Sportsoul Co Ltd is engaged in the research and development, design, production, and sales of leisure sports and fitness equipment series products. It has also expanded into light commercial and healthcare equipment. The company's product portfolio comprises various trampolines and other leisure sports equipment, as well as aerobic and strength-training equipment, including treadmills, elliptical trainers, exercise bikes, cross trainers, and weight racks. It owns domestic and international brands such as Skywalker, Sportsoul, and Techplus, and also manufactures leisure sports and fitness equipment for international companies such as Decathlon and Leidun through ODM/OEM models. | $2 | +7% | $541M | $447M | 6.5x | (121.1x) | ||
| Escalade Inc manufactures and distributes sporting goods for a varied range of activities. These sports include archery, table tennis, basketball goals, trampoline, play systems, fitness, game tables like hockey and soccer, billiards, darting and other outdoor games. These products are sold under the brand names like Goalrilla, Goalsetter, Woodplay, Silverback, Nodor, Rage, Child Life, among others. The geographic segments in which the company operates are North America, Europe and others out of which a substantial part of the revenue is generated from North America region. | $19 | +62% | $257M | $256M | 1.1x | 10.7x | ||
 | H100 Group AB is focused on building a comprehensive digital health ecosystem through strategic acquisitions and AI-driven automation. Its platform integrates with existing health providers, allowing them to enhance service delivery, increase efficiency, and scale operations. | $0 | -36% | $221M | $228M | 192.1x | (6.5x) | ||
| WW International Inc specializes in weight management and providing clinical solutions in the United States. it also operates its proprietary digital platform that provides members with access to science-backed behavioral weight loss and weight management programs. The company's primary sources of revenue are subscriptions for digital, workshop, and clinical offerings. The Digital business refers to providing subscriptions to digital product offerings. Workshops + Digital business provides subscriptions for unlimited access to workshops combined with digital subscription product offerings. The Clinical business provides subscriptions to clinical product offerings combined with digital subscription product offerings and unlimited access to workshops. | $15 | -- | $149M | $473M | 0.6x | (2.4x) | ||
 | Grupo Sports World operates a network of full-service fitness clubs in Mexico. Its facilities provide gym equipment, group exercise classes, swimming, racquet sports, children's programs and personal training under recurring memberships. The company serves individuals and families through several club formats designed for different locations and customer groups. Sports World manages centrally developed fitness programs, member services and digital tools across its locations. It expanded through new club openings and selected acquisitions, building a presence in major Mexican cities. The company listed its shares on the Mexican stock exchange in 2010. | $0 | -17% | $106M | $105M | 0.9x | 2.3x | ||
 | Viva Leisure Ltd is an Australia-based company engaged in operating health clubs within the health and leisure industry. It offers customers several different membership options and a range of different types of facilities, from box fitness facilities to boutique fitness facilities. The company brands include Clublime, Ladies Only, Psyclelife, Hiit Republic, Swim School, GymmyPT, and others. The group operates in one segment, health club operations. Geographically, it operates only in Australia. | $1 | -5% | $104M | $372M | 2.3x | 4.9x | ||
| Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users’ athletic levels, fitness goals, daily workout patterns, and diet. The company's operating segment includes Self-branded fitness products, Online membership and paid content, and Advertising and others. The company generates the majority of its revenue from Self-branded fitness products. | $0 | -71% | $86M | - | - | - | ||
 | Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. | $4 | -91% | $55M | $231M | 0.9x | (8.6x) | ||
 | Everkind Wellness Inc is a Toronto-based emotional wellness company making mental and emotional support accessible, affordable, and stigma-free. It operates a digital platform that provides AI-powered journaling and personalized meditation services, designed to support daily emotional wellness and habit formation using evidence-based practices. | $1 | -- | $51M | $49M | ||||
| Sleep Cycle AB is a sleep tracker application. It helps people understand their sleep habits and improve their sleep. The mobile application helps users fall asleep more easily, tracks sleep patterns through the night and wakes up users in the light-sleep phase, providing valuable insights designed to improve sleep quality. Geographically group operates in Sweden and other countries in which key revenue is generated from Sweden. | $2 | -3% | $49M | $39M | ||||
| Kvix AB is engaged in providing a platform for well-being through exercise - from yoga to strength training, breathing and mindfulness. It assists in finding balance in live workouts with others and monitoring the training journey. It also allows to interact with instructors and get live feedback if the users choose to share their camera image. | $0 | +84% | $3M | $3M | ||||
| Median | $3 | -4% | $239M | $447M | 1.4x | 7.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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