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Side-by-side financial comparison of HEICO CORP (HEI) and PELOTON INTERACTIVE, INC. (PTON). Click either name above to swap in a different company.
HEICO CORP is the larger business by last-quarter revenue ($1.2B vs $656.5M, roughly 1.8× PELOTON INTERACTIVE, INC.). HEICO CORP runs the higher net margin — 15.6% vs -5.9%, a 21.5% gap on every dollar of revenue. On growth, HEICO CORP posted the faster year-over-year revenue change (19.3% vs -2.6%). HEICO CORP produced more free cash flow last quarter ($268.5M vs $71.0M).
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Greg Abel succeeded Buffett as CEO at the beginning of 2026. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in t...
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...
HEI vs PTON — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $656.5M |
| Net Profit | $188.3M | $-38.8M |
| Gross Margin | 40.2% | 50.5% |
| Operating Margin | 23.1% | -2.2% |
| Net Margin | 15.6% | -5.9% |
| Revenue YoY | 19.3% | -2.6% |
| Net Profit YoY | 34.8% | 57.8% |
| EPS (diluted) | $1.32 | $-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.
| Q4 25 | $1.2B | $656.5M | ||
| Q3 25 | $1.1B | $550.8M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $992.2M | — | ||
| Q2 24 | $955.4M | — | ||
| Q1 24 | $896.4M | — |
| Q4 25 | $188.3M | $-38.8M | ||
| Q3 25 | $177.3M | $13.9M | ||
| Q2 25 | $156.8M | — | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $139.7M | — | ||
| Q3 24 | $136.6M | — | ||
| Q2 24 | $123.1M | — | ||
| Q1 24 | $114.7M | — |
| Q4 25 | 40.2% | 50.5% | ||
| Q3 25 | 39.8% | 51.5% | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 38.9% | — | ||
| Q1 24 | 38.7% | — |
| Q4 25 | 23.1% | -2.2% | ||
| Q3 25 | 23.1% | 7.5% | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 20.1% | — |
| Q4 25 | 15.6% | -5.9% | ||
| Q3 25 | 15.5% | 2.5% | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | 13.8% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 12.9% | — | ||
| Q1 24 | 12.8% | — |
| Q4 25 | $1.32 | $-0.09 | ||
| Q3 25 | $1.26 | $0.03 | ||
| Q2 25 | $1.12 | — | ||
| Q1 25 | $1.20 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $0.97 | — | ||
| Q2 24 | $0.88 | — | ||
| Q1 24 | $0.82 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $217.8M | $1.2B |
| Total DebtLower is stronger | $2.2B | $1.5B |
| Stockholders' EquityBook value | $4.3B | $-326.7M |
| Total Assets | $8.5B | $2.2B |
| Debt / EquityLower = less leverage | 0.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.8M | $1.2B | ||
| Q3 25 | $261.9M | $1.1B | ||
| Q2 25 | $242.3M | — | ||
| Q1 25 | $165.5M | — | ||
| Q4 24 | $162.1M | — | ||
| Q3 24 | $202.9M | — | ||
| Q2 24 | $204.2M | — | ||
| Q1 24 | $196.3M | — |
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.5B | — |
| Q4 25 | $4.3B | $-326.7M | ||
| Q3 25 | $4.1B | $-347.0M | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $8.5B | $2.2B | ||
| Q3 25 | $8.5B | $2.2B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.4B | — | ||
| Q1 24 | $7.3B | — |
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $295.3M | $71.9M |
| Free Cash FlowOCF − Capex | $268.5M | $71.0M |
| FCF MarginFCF / Revenue | 22.2% | 10.8% |
| Capex IntensityCapex / Revenue | 2.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $861.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $295.3M | $71.9M | ||
| Q3 25 | $231.2M | $71.9M | ||
| Q2 25 | $204.7M | — | ||
| Q1 25 | $203.0M | — | ||
| Q4 24 | $205.6M | — | ||
| Q3 24 | $214.0M | — | ||
| Q2 24 | $141.1M | — | ||
| Q1 24 | $111.7M | — |
| Q4 25 | $268.5M | $71.0M | ||
| Q3 25 | $218.5M | $67.4M | ||
| Q2 25 | $188.7M | — | ||
| Q1 25 | $185.7M | — | ||
| Q4 24 | $189.5M | — | ||
| Q3 24 | $198.1M | — | ||
| Q2 24 | $128.2M | — | ||
| Q1 24 | $98.3M | — |
| Q4 25 | 22.2% | 10.8% | ||
| Q3 25 | 19.0% | 12.2% | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 11.0% | — |
| Q4 25 | 2.2% | 0.1% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 1.57× | — | ||
| Q3 25 | 1.30× | 5.17× | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 0.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
