Loading…
Sells connected fitness bikes and treadmills paired with a subscription streaming workout content service.
Sells connected fitness bikes and treadmills paired with a subscription streaming workout content service.
The monthly membership is the profit centre, while hardware earns little and exists to bring members in, so churn matters. Since 2022 it has moved production to contract manufacturers and widened sales beyond its own channels, including Amazon, as it cut costs.
Moat: narrow (brand, installed base, switching costs). Installed hardware base plus content subscription creates recurring revenue and lock-in, but hardware demand has cooled.
Headquarters: New York, New York, United States · Founded: 2012 · Employees: 1,736
Size Peloton Interactive (PTON) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $2.50B, the 1655th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.61 on 6 Nov 2026.
Performance Over six months the shares fell 1.4%, against -0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +10.7%); the operating margin is 8.7% (peer median 15.2%).
Valuation It trades at 18.7× forward earnings against a peer median of 12.0× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 33.6 points above its cost of capital (12.7% WACC).
Credit Peloton Interactive has 1 bond outstanding ($350M).
Short interest Short interest is 14.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $2.45B | $2.45B | $2.49B | $2.70B | $2.80B |
| Revenue growth | — | -2% | -8% | -4% | — |
| Gross profit | $1.26B | $1.26B | $1.22B | $1.15B | $855M |
| EBITDA | $270M | $270M | $175M | -$289M | -$614M |
| Net income | $63.1M | $63.2M | -$119M | -$552M | -$1.26B |
| Free cash flow | $378M | $378M | $324M | -$85.8M | -$470M |
| Capital expenditure | $9.90M | $9.90M | $9.30M | $19.7M | $82.4M |
| Total debt | $1.71B | $1.71B | $1.98B | $2.08B | $2.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Peloton Interactive PTON | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% |
| Apple AAPL | $4.98T | +17% | +15% | 33% | 36.8× | 19.0% |
| Life Time LTH | $10.6B | +48% | +13% | 17% | 26.7× | n/a |
| Technogym S.p.A TGYM.MI | $3.34B | -32% | +10% | 16% | 23.8× | 9.7% |
| Johnson Health Tech 1736.TW | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% |
| Planet Fitness PLNT | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PTON | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.0% | +4.6% | 7th highest of 21 |
| 6-month return | -1.4% | -0.2% | 11th highest of 21 |
| Distance from 52-week high | -29.2% | -24.4% | 9th lowest of 21 |
| Revenue growth (TTM) | -1.8% | +10.7% | 2nd lowest of 21 |
| Operating margin | 8.7% | 15.2% | 5th lowest of 21 |
| Forward P/E | 18.7× | 12.0× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 7.2% | 5.6% | 9th most demanding of 19 |
| Growth delivered (Del g) | -9.5% | +16.3% | lowest of 19 |
| Hurdle (Req g minus delivered) | +16.7 pp | -20.3 pp | most demanding of 19 |
| ROIC minus cost of capital | +33.6 pp | +5.2 pp | 3rd highest of 20 |
| EV / EBITDA | 11.1× | 9.2× | 7th most expensive of 19 |
| Net debt / EBITDA | 1.9× | 1.2× | 8th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Flight Centre Travel FLT.AX | Australia | $1.72B | +17% | +3% | 7% | 11.4× | 8.5% | +48.5% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Perdoceo Education PRDO | United States | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% | +4.2% |
| Saga SAGA.L | United Kingdom | $1.67B | +56% | +37% | 16% | 18.6× | 12.6% | +14.3% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Changbai Mountain Tourism 603099.SS | China | $1.54B | +8% | +2% | 20% | 71.9× | 15.4% | +39.7% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
Peloton Interactive has 1 bond outstanding with $350M face value.