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

PATTERSON UTI ENERGY INC is the larger business by last-quarter revenue ($1.1B vs $656.5M, roughly 1.7× PELOTON INTERACTIVE, INC.). PATTERSON UTI ENERGY INC runs the higher net margin — -2.2% vs -5.9%, a 3.7% gap on every dollar of revenue. On growth, PELOTON INTERACTIVE, INC. posted the faster year-over-year revenue change (-2.6% vs -12.7%).

Patterson UTI Energy Inc. is a leading oilfield services provider offering onshore contract drilling, pressure pumping, well completion and related support services. It primarily serves upstream oil and gas operators across North America, operating in major unconventional resource basins including shale and tight gas formations.

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...

PTEN vs PTON — Head-to-Head

Bigger by revenue
PTEN
PTEN
1.7× larger
PTEN
$1.1B
$656.5M
PTON
Growing faster (revenue YoY)
PTON
PTON
+10.2% gap
PTON
-2.6%
-12.7%
PTEN
Higher net margin
PTEN
PTEN
3.7% more per $
PTEN
-2.2%
-5.9%
PTON

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
PTEN
PTEN
PTON
PTON
Revenue
$1.1B
$656.5M
Net Profit
$-24.5M
$-38.8M
Gross Margin
50.5%
Operating Margin
-2.2%
Net Margin
-2.2%
-5.9%
Revenue YoY
-12.7%
-2.6%
Net Profit YoY
-170.8%
57.8%
EPS (diluted)
$-0.06
$-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
PTEN
PTEN
PTON
PTON
Q1 26
$1.1B
Q4 25
$1.1B
$656.5M
Q3 25
$1.2B
$550.8M
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.3B
Net Profit
PTEN
PTEN
PTON
PTON
Q1 26
$-24.5M
Q4 25
$-9.2M
$-38.8M
Q3 25
$-36.4M
$13.9M
Q2 25
$-49.1M
Q1 25
$1.0M
Q4 24
$-51.4M
Q3 24
$-978.8M
Q2 24
$11.1M
Gross Margin
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
50.5%
Q3 25
51.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
-0.0%
-2.2%
Q3 25
-2.4%
7.5%
Q2 25
-2.4%
Q1 25
1.3%
Q4 24
-2.7%
Q3 24
-73.8%
Q2 24
3.4%
Net Margin
PTEN
PTEN
PTON
PTON
Q1 26
-2.2%
Q4 25
-0.8%
-5.9%
Q3 25
-3.1%
2.5%
Q2 25
-4.1%
Q1 25
0.1%
Q4 24
-4.5%
Q3 24
-72.9%
Q2 24
0.8%
EPS (diluted)
PTEN
PTEN
PTON
PTON
Q1 26
$-0.06
Q4 25
$-0.01
$-0.09
Q3 25
$-0.10
$0.03
Q2 25
$-0.13
Q1 25
$0.00
Q4 24
$-0.10
Q3 24
$-2.50
Q2 24
$0.03

Balance Sheet & Financial Strength

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

Metric
PTEN
PTEN
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$3.2B
$-326.7M
Total Assets
$5.4B
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
$418.5M
$1.2B
Q3 25
$184.8M
$1.1B
Q2 25
$183.8M
Q1 25
$223.1M
Q4 24
$239.2M
Q3 24
$113.4M
Q2 24
$72.4M
Total Debt
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
$1.2B
$1.5B
Q3 25
$1.2B
$1.5B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
PTEN
PTEN
PTON
PTON
Q1 26
$3.2B
Q4 25
$3.2B
$-326.7M
Q3 25
$3.2B
$-347.0M
Q2 25
$3.3B
Q1 25
$3.4B
Q4 24
$3.5B
Q3 24
$3.6B
Q2 24
$4.6B
Total Assets
PTEN
PTEN
PTON
PTON
Q1 26
$5.4B
Q4 25
$5.6B
$2.2B
Q3 25
$5.5B
$2.2B
Q2 25
$5.6B
Q1 25
$5.8B
Q4 24
$5.8B
Q3 24
$6.0B
Q2 24
$7.0B
Debt / Equity
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.37×
Q1 25
0.36×
Q4 24
0.36×
Q3 24
0.35×
Q2 24
0.27×

Cash Flow & Capital Efficiency

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

Metric
PTEN
PTEN
PTON
PTON
Operating Cash FlowLast quarter
$63.9M
$71.9M
Free Cash FlowOCF − Capex
$71.0M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
4.9%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTEN
PTEN
PTON
PTON
Q1 26
$63.9M
Q4 25
$397.5M
$71.9M
Q3 25
$215.8M
$71.9M
Q2 25
$139.7M
Q1 25
$208.1M
Q4 24
$315.8M
Q3 24
$296.3M
Q2 24
$197.5M
Free Cash Flow
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
$259.0M
$71.0M
Q3 25
$71.3M
$67.4M
Q2 25
$-4.5M
Q1 25
$46.3M
Q4 24
$175.5M
Q3 24
$115.7M
Q2 24
$67.0M
FCF Margin
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
22.6%
10.8%
Q3 25
6.1%
12.2%
Q2 25
-0.4%
Q1 25
3.7%
Q4 24
15.3%
Q3 24
8.6%
Q2 24
5.0%
Capex Intensity
PTEN
PTEN
PTON
PTON
Q1 26
4.9%
Q4 25
12.1%
0.1%
Q3 25
12.3%
0.8%
Q2 25
11.9%
Q1 25
12.8%
Q4 24
12.2%
Q3 24
13.5%
Q2 24
9.8%
Cash Conversion
PTEN
PTEN
PTON
PTON
Q1 26
Q4 25
Q3 25
5.17×
Q2 25
Q1 25
207.11×
Q4 24
Q3 24
Q2 24
17.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PTEN
PTEN

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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