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Side-by-side financial comparison of BELDEN INC. (BDC) and PELOTON INTERACTIVE, INC. (PTON). Click either name above to swap in a different company.

BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $656.5M, roughly 1.1× PELOTON INTERACTIVE, INC.). BELDEN INC. runs the higher net margin — 7.3% vs -5.9%, a 13.2% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -2.6%). PELOTON INTERACTIVE, INC. produced more free cash flow last quarter ($71.0M vs $-63.1M).

Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products include stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such as power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with othe...

BDC vs PTON — Head-to-Head

Bigger by revenue
BDC
BDC
1.1× larger
BDC
$696.4M
$656.5M
PTON
Growing faster (revenue YoY)
BDC
BDC
+14.0% gap
BDC
11.4%
-2.6%
PTON
Higher net margin
BDC
BDC
13.2% more per $
BDC
7.3%
-5.9%
PTON
More free cash flow
PTON
PTON
$134.1M more FCF
PTON
$71.0M
$-63.1M
BDC

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
BDC
BDC
PTON
PTON
Revenue
$696.4M
$656.5M
Net Profit
$51.0M
$-38.8M
Gross Margin
37.1%
50.5%
Operating Margin
11.2%
-2.2%
Net Margin
7.3%
-5.9%
Revenue YoY
11.4%
-2.6%
Net Profit YoY
-1.8%
57.8%
EPS (diluted)
$1.30
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BDC
BDC
PTON
PTON
Q1 26
$696.4M
Q4 25
$720.1M
$656.5M
Q3 25
$698.2M
$550.8M
Q2 25
$672.0M
Q1 25
$624.9M
Q4 24
$666.0M
Q3 24
$654.9M
Q2 24
$604.3M
Net Profit
BDC
BDC
PTON
PTON
Q1 26
$51.0M
Q4 25
$67.9M
$-38.8M
Q3 25
$56.7M
$13.9M
Q2 25
$61.0M
Q1 25
$51.9M
Q4 24
$58.4M
Q3 24
$53.7M
Q2 24
$49.0M
Gross Margin
BDC
BDC
PTON
PTON
Q1 26
37.1%
Q4 25
36.6%
50.5%
Q3 25
37.7%
51.5%
Q2 25
38.5%
Q1 25
39.3%
Q4 24
37.5%
Q3 24
37.3%
Q2 24
37.5%
Operating Margin
BDC
BDC
PTON
PTON
Q1 26
11.2%
Q4 25
12.2%
-2.2%
Q3 25
10.9%
7.5%
Q2 25
11.8%
Q1 25
11.6%
Q4 24
10.4%
Q3 24
11.5%
Q2 24
11.4%
Net Margin
BDC
BDC
PTON
PTON
Q1 26
7.3%
Q4 25
9.4%
-5.9%
Q3 25
8.1%
2.5%
Q2 25
9.1%
Q1 25
8.3%
Q4 24
8.8%
Q3 24
8.2%
Q2 24
8.1%
EPS (diluted)
BDC
BDC
PTON
PTON
Q1 26
$1.30
Q4 25
$1.70
$-0.09
Q3 25
$1.41
$0.03
Q2 25
$1.53
Q1 25
$1.27
Q4 24
$1.41
Q3 24
$1.30
Q2 24
$1.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDC
BDC
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$272.2M
$1.2B
Total DebtLower is stronger
$1.3B
$1.5B
Stockholders' EquityBook value
$1.3B
$-326.7M
Total Assets
$2.2B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
PTON
PTON
Q1 26
$272.2M
Q4 25
$389.9M
$1.2B
Q3 25
$314.3M
$1.1B
Q2 25
$301.5M
Q1 25
$259.0M
Q4 24
$370.3M
Q3 24
$323.0M
Q2 24
$564.8M
Total Debt
BDC
BDC
PTON
PTON
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
PTON
PTON
Q1 26
$1.3B
Q4 25
$1.3B
$-326.7M
Q3 25
$1.2B
$-347.0M
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Total Assets
BDC
BDC
PTON
PTON
Q1 26
Q4 25
$3.5B
$2.2B
Q3 25
$3.4B
$2.2B
Q2 25
$3.4B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.5B
Debt / Equity
BDC
BDC
PTON
PTON
Q1 26
0.98×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDC
BDC
PTON
PTON
Operating Cash FlowLast quarter
$71.9M
Free Cash FlowOCF − Capex
$-63.1M
$71.0M
FCF MarginFCF / Revenue
-9.1%
10.8%
Capex IntensityCapex / Revenue
6.4%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$180.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
PTON
PTON
Q1 26
Q4 25
$160.4M
$71.9M
Q3 25
$105.0M
$71.9M
Q2 25
$82.0M
Q1 25
$7.4M
Q4 24
$174.7M
Q3 24
$91.7M
Q2 24
$83.0M
Free Cash Flow
BDC
BDC
PTON
PTON
Q1 26
$-63.1M
Q4 25
$121.3M
$71.0M
Q3 25
$65.3M
$67.4M
Q2 25
$56.9M
Q1 25
$-24.8M
Q4 24
$116.4M
Q3 24
$67.2M
Q2 24
$61.0M
FCF Margin
BDC
BDC
PTON
PTON
Q1 26
-9.1%
Q4 25
16.8%
10.8%
Q3 25
9.4%
12.2%
Q2 25
8.5%
Q1 25
-4.0%
Q4 24
17.5%
Q3 24
10.3%
Q2 24
10.1%
Capex Intensity
BDC
BDC
PTON
PTON
Q1 26
6.4%
Q4 25
5.4%
0.1%
Q3 25
5.7%
0.8%
Q2 25
3.7%
Q1 25
5.2%
Q4 24
8.8%
Q3 24
3.7%
Q2 24
3.6%
Cash Conversion
BDC
BDC
PTON
PTON
Q1 26
Q4 25
2.36×
Q3 25
1.85×
5.17×
Q2 25
1.34×
Q1 25
0.14×
Q4 24
2.99×
Q3 24
1.71×
Q2 24
1.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BDC
BDC

Segment breakdown not available.

PTON
PTON

Subscription And Circulation$412.6M63%
Connected Fitness Products Segment$243.9M37%
Product Warranty$4.0M1%

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