This experiment aims to investigate the effects of Peanut Meal(PM)on the growth performance,meat quality,and economic benefits of fattening pigs. Method:120 healthy and disease-free pigs with an initial weight of(87.15±2.63) kg were selected and randomly divided into 4 groups,each with 3 replicates and 10 pigs per replicate. The CON group used a basic diet,while the other three groups used 20%(20 PM group),40%(40 PM group),60%(60 PM group)peanut meal and other nitrogen to replace soybean meal in the basic diet. The experiment lasted for 30 days. Result:(1)Compared with the CON group,the average daily weight gain of the 20 PM group significantly increased by 9.42%(P<0.05),and the feed to weight ratio significantly decreased by 8.88%(P<0.05);The average daily weight gain of the 40 PM group significantly increased by 11.97%(P<0.05),while the feed to weight ratio significantly decreased by 9.92%(P<0.05).(2)Compared with the CON group,the drip loss and shear force in the 60 PM group were significantly increased(P<0.05).(3)The gross profit of CON group,20 PM group,40 PM group,and 60 PM group were 28.54 yuan,67.32 yuan,74.61 yuan,and 32.17 yuan,respectively. Conclusion:Peanut meal has a medium to low substitution level(20%~40%)for soybean meal,which improves the growth performance of fattening pigs. But the high substitution level of peanut meal for soybean meal(60%)reduces the meat quality of fattening pigs. From the perspective of economic benefits alone,the suitable substitution level of peanut meal for soybean meal is 40%.