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

PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $379.6M, roughly 1.7× DIVERSIFIED HEALTHCARE TRUST). DIVERSIFIED HEALTHCARE TRUST runs the higher net margin — -5.6% vs -5.9%, a 0.3% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -2.6%). PELOTON INTERACTIVE, INC. produced more free cash flow last quarter ($71.0M vs $-166.4M).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

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...

DHC vs PTON — Head-to-Head

Bigger by revenue
PTON
PTON
1.7× larger
PTON
$656.5M
$379.6M
DHC
Growing faster (revenue YoY)
DHC
DHC
+2.6% gap
DHC
-0.0%
-2.6%
PTON
Higher net margin
DHC
DHC
0.3% more per $
DHC
-5.6%
-5.9%
PTON
More free cash flow
PTON
PTON
$237.4M more FCF
PTON
$71.0M
$-166.4M
DHC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DHC
DHC
PTON
PTON
Revenue
$379.6M
$656.5M
Net Profit
$-21.2M
$-38.8M
Gross Margin
50.5%
Operating Margin
-12.6%
-2.2%
Net Margin
-5.6%
-5.9%
Revenue YoY
-0.0%
-2.6%
Net Profit YoY
75.7%
57.8%
EPS (diluted)
$-0.09
$-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
DHC
DHC
PTON
PTON
Q4 25
$379.6M
$656.5M
Q3 25
$388.7M
$550.8M
Q2 25
$382.7M
Q1 25
$386.9M
Q4 24
$379.6M
Q3 24
$373.6M
Q2 24
$371.4M
Q1 24
$370.8M
Net Profit
DHC
DHC
PTON
PTON
Q4 25
$-21.2M
$-38.8M
Q3 25
$-164.0M
$13.9M
Q2 25
$-91.6M
Q1 25
$-9.0M
Q4 24
$-87.4M
Q3 24
$-98.7M
Q2 24
$-97.9M
Q1 24
$-86.3M
Gross Margin
DHC
DHC
PTON
PTON
Q4 25
50.5%
Q3 25
51.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
DHC
DHC
PTON
PTON
Q4 25
-12.6%
-2.2%
Q3 25
-43.4%
7.5%
Q2 25
-24.5%
Q1 25
-2.7%
Q4 24
-26.1%
Q3 24
-26.5%
Q2 24
-23.0%
Q1 24
-23.7%
Net Margin
DHC
DHC
PTON
PTON
Q4 25
-5.6%
-5.9%
Q3 25
-42.2%
2.5%
Q2 25
-23.9%
Q1 25
-2.3%
Q4 24
-23.0%
Q3 24
-26.4%
Q2 24
-26.3%
Q1 24
-23.3%
EPS (diluted)
DHC
DHC
PTON
PTON
Q4 25
$-0.09
$-0.09
Q3 25
$-0.68
$0.03
Q2 25
$-0.38
Q1 25
$-0.04
Q4 24
$-0.37
Q3 24
$-0.41
Q2 24
$-0.41
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$105.4M
$1.2B
Total DebtLower is stronger
$2.4B
$1.5B
Stockholders' EquityBook value
$1.7B
$-326.7M
Total Assets
$4.4B
$2.2B
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
PTON
PTON
Q4 25
$105.4M
$1.2B
Q3 25
$201.4M
$1.1B
Q2 25
$141.8M
Q1 25
$302.6M
Q4 24
$144.6M
Q3 24
$256.5M
Q2 24
$265.6M
Q1 24
$207.1M
Total Debt
DHC
DHC
PTON
PTON
Q4 25
$2.4B
$1.5B
Q3 25
$1.5B
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
PTON
PTON
Q4 25
$1.7B
$-326.7M
Q3 25
$1.7B
$-347.0M
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
DHC
DHC
PTON
PTON
Q4 25
$4.4B
$2.2B
Q3 25
$4.7B
$2.2B
Q2 25
$4.8B
Q1 25
$5.0B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.3B
Q1 24
$5.3B
Debt / Equity
DHC
DHC
PTON
PTON
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
Q4 24
1.56×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DHC
DHC
PTON
PTON
Operating Cash FlowLast quarter
$-19.6M
$71.9M
Free Cash FlowOCF − Capex
$-166.4M
$71.0M
FCF MarginFCF / Revenue
-43.8%
10.8%
Capex IntensityCapex / Revenue
38.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
PTON
PTON
Q4 25
$-19.6M
$71.9M
Q3 25
$-49.3M
$71.9M
Q2 25
$53.0M
Q1 25
$-3.2M
Q4 24
$112.2M
Q3 24
$21.1M
Q2 24
$44.3M
Q1 24
$28.6M
Free Cash Flow
DHC
DHC
PTON
PTON
Q4 25
$-166.4M
$71.0M
Q3 25
$-89.8M
$67.4M
Q2 25
$18.8M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
Q1 24
$-18.1M
FCF Margin
DHC
DHC
PTON
PTON
Q4 25
-43.8%
10.8%
Q3 25
-23.1%
12.2%
Q2 25
4.9%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.9%
Capex Intensity
DHC
DHC
PTON
PTON
Q4 25
38.7%
0.1%
Q3 25
10.4%
0.8%
Q2 25
8.9%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Q1 24
12.6%
Cash Conversion
DHC
DHC
PTON
PTON
Q4 25
Q3 25
5.17×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

PTON
PTON

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

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