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

FMC CORP is the larger business by last-quarter revenue ($759.0M vs $656.5M, roughly 1.2× PELOTON INTERACTIVE, INC.). PELOTON INTERACTIVE, INC. runs the higher net margin — -5.9% vs -37.0%, a 31.1% gap on every dollar of revenue. On growth, PELOTON INTERACTIVE, INC. posted the faster year-over-year revenue change (-2.6% vs -4.0%). PELOTON INTERACTIVE, INC. produced more free cash flow last quarter ($71.0M vs $-628.1M).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

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...

FMC vs PTON — Head-to-Head

Bigger by revenue
FMC
FMC
1.2× larger
FMC
$759.0M
$656.5M
PTON
Growing faster (revenue YoY)
PTON
PTON
+1.5% gap
PTON
-2.6%
-4.0%
FMC
Higher net margin
PTON
PTON
31.1% more per $
PTON
-5.9%
-37.0%
FMC
More free cash flow
PTON
PTON
$699.1M more FCF
PTON
$71.0M
$-628.1M
FMC

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FMC
FMC
PTON
PTON
Revenue
$759.0M
$656.5M
Net Profit
$-281.2M
$-38.8M
Gross Margin
50.5%
Operating Margin
-10.6%
-2.2%
Net Margin
-37.0%
-5.9%
Revenue YoY
-4.0%
-2.6%
Net Profit YoY
57.8%
EPS (diluted)
$-2.25
$-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
FMC
FMC
PTON
PTON
Q1 26
$759.0M
Q4 25
$1.1B
$656.5M
Q3 25
$542.2M
$550.8M
Q2 25
$1.1B
Q1 25
$791.4M
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.0B
Net Profit
FMC
FMC
PTON
PTON
Q1 26
$-281.2M
Q4 25
$-1.7B
$-38.8M
Q3 25
$-569.3M
$13.9M
Q2 25
$66.7M
Q1 25
$-15.5M
Q4 24
$-16.3M
Q3 24
$65.0M
Q2 24
$295.1M
Gross Margin
FMC
FMC
PTON
PTON
Q1 26
Q4 25
39.8%
50.5%
Q3 25
23.8%
51.5%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Operating Margin
FMC
FMC
PTON
PTON
Q1 26
-10.6%
Q4 25
-130.8%
-2.2%
Q3 25
-73.1%
7.5%
Q2 25
12.0%
Q1 25
7.4%
Q4 24
19.2%
Q3 24
12.7%
Q2 24
6.0%
Net Margin
FMC
FMC
PTON
PTON
Q1 26
-37.0%
Q4 25
-158.8%
-5.9%
Q3 25
-105.0%
2.5%
Q2 25
6.3%
Q1 25
-2.0%
Q4 24
-1.3%
Q3 24
6.1%
Q2 24
28.4%
EPS (diluted)
FMC
FMC
PTON
PTON
Q1 26
$-2.25
Q4 25
$-13.77
$-0.09
Q3 25
$-4.52
$0.03
Q2 25
$0.53
Q1 25
$-0.12
Q4 24
$-0.13
Q3 24
$0.52
Q2 24
$2.35

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$390.9M
$1.2B
Total DebtLower is stronger
$2.8B
$1.5B
Stockholders' EquityBook value
$1.8B
$-326.7M
Total Assets
$9.4B
$2.2B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
PTON
PTON
Q1 26
$390.9M
Q4 25
$584.5M
$1.2B
Q3 25
$497.7M
$1.1B
Q2 25
$438.2M
Q1 25
$315.3M
Q4 24
$357.3M
Q3 24
$416.7M
Q2 24
$471.5M
Total Debt
FMC
FMC
PTON
PTON
Q1 26
$2.8B
Q4 25
$3.4B
$1.5B
Q3 25
$3.4B
$1.5B
Q2 25
$3.4B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
Stockholders' Equity
FMC
FMC
PTON
PTON
Q1 26
$1.8B
Q4 25
$2.1B
$-326.7M
Q3 25
$3.8B
$-347.0M
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.5B
Q3 24
$4.6B
Q2 24
$4.6B
Total Assets
FMC
FMC
PTON
PTON
Q1 26
$9.4B
Q4 25
$9.7B
$2.2B
Q3 25
$12.1B
$2.2B
Q2 25
$12.3B
Q1 25
$11.8B
Q4 24
$11.7B
Q3 24
$12.2B
Q2 24
$12.1B
Debt / Equity
FMC
FMC
PTON
PTON
Q1 26
1.50×
Q4 25
1.62×
Q3 25
0.89×
Q2 25
0.76×
Q1 25
0.71×
Q4 24
0.69×
Q3 24
0.68×
Q2 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
FMC
FMC
PTON
PTON
Operating Cash FlowLast quarter
$71.9M
Free Cash FlowOCF − Capex
$-628.1M
$71.0M
FCF MarginFCF / Revenue
-82.8%
10.8%
Capex IntensityCapex / Revenue
2.2%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-154.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
PTON
PTON
Q1 26
Q4 25
$657.1M
$71.9M
Q3 25
$-184.2M
$71.9M
Q2 25
$65.9M
Q1 25
$-545.0M
Q4 24
$427.9M
Q3 24
$159.5M
Q2 24
$292.2M
Free Cash Flow
FMC
FMC
PTON
PTON
Q1 26
$-628.1M
Q4 25
$631.1M
$71.0M
Q3 25
$-207.9M
$67.4M
Q2 25
$50.9M
Q1 25
$-576.6M
Q4 24
$406.3M
Q3 24
$143.8M
Q2 24
$282.3M
FCF Margin
FMC
FMC
PTON
PTON
Q1 26
-82.8%
Q4 25
58.3%
10.8%
Q3 25
-38.3%
12.2%
Q2 25
4.8%
Q1 25
-72.9%
Q4 24
33.2%
Q3 24
13.5%
Q2 24
27.2%
Capex Intensity
FMC
FMC
PTON
PTON
Q1 26
2.2%
Q4 25
2.4%
0.1%
Q3 25
4.4%
0.8%
Q2 25
1.4%
Q1 25
4.0%
Q4 24
1.8%
Q3 24
1.5%
Q2 24
1.0%
Cash Conversion
FMC
FMC
PTON
PTON
Q1 26
Q4 25
Q3 25
5.17×
Q2 25
0.99×
Q1 25
Q4 24
Q3 24
2.45×
Q2 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

EMEA$307.0M40%
North America$198.0M26%
Latin America$177.0M23%
Asia (excluding 2026 India) 1$81.0M11%

PTON
PTON

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

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