October 2026
Largest Fitness & Wellness Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
Garmin, Callaway Golf, Peloton, Herbalife and Escalade.
 | 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. | $285 | +33% | $55B | $52B | 7.2x | 25.3x | ||
| 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 | +47% | $2.5B | $2.4B | 1.2x | 12.5x | ||
| 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 | -28% | $2.3B | $2.8B | 1.1x | 13.5x | ||
| 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. | $15 | +83% | $1.5B | $3.4B | 0.7x | 5.6x | ||
| 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. | $18 | +61% | $255M | $254M | 1.1x | 10.6x | ||
| 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. | $13 | -- | $130M | $455M | 0.6x | (2.3x) | ||
| Median | $14 | +47% | $1.9B | $2.6B | 1.1x | 11.6x |
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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