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Side-by-side financial comparison of PELOTON INTERACTIVE, INC. (PTON) and Ralliant Corp (RAL). Click either name above to swap in a different company.
PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $529.1M, roughly 1.2× Ralliant Corp). Ralliant Corp runs the higher net margin — 7.5% vs -5.9%, a 13.5% gap on every dollar of revenue. On growth, Ralliant Corp posted the faster year-over-year revenue change (-0.5% vs -2.6%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $71.0M).
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...
PTON vs RAL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $656.5M | $529.1M |
| Net Profit | $-38.8M | $39.9M |
| Gross Margin | 50.5% | 50.8% |
| Operating Margin | -2.2% | 9.8% |
| Net Margin | -5.9% | 7.5% |
| Revenue YoY | -2.6% | -0.5% |
| Net Profit YoY | 57.8% | -56.1% |
| EPS (diluted) | $-0.09 | $0.35 |
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 | $656.5M | — | ||
| Q3 25 | $550.8M | $529.1M | ||
| Q2 25 | — | $503.3M | ||
| Q3 24 | — | $531.7M | ||
| Q2 24 | — | $533.7M |
| Q4 25 | $-38.8M | — | ||
| Q3 25 | $13.9M | $39.9M | ||
| Q2 25 | — | $47.6M | ||
| Q3 24 | — | $90.9M | ||
| Q2 24 | — | $64.8M |
| Q4 25 | 50.5% | — | ||
| Q3 25 | 51.5% | 50.8% | ||
| Q2 25 | — | 49.3% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 51.5% |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 7.5% | 9.8% | ||
| Q2 25 | — | 11.7% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 19.7% |
| Q4 25 | -5.9% | — | ||
| Q3 25 | 2.5% | 7.5% | ||
| Q2 25 | — | 9.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 12.1% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $0.03 | $0.35 | ||
| Q2 25 | — | $0.42 | ||
| Q3 24 | — | $0.81 | ||
| Q2 24 | — | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $264.2M |
| Total DebtLower is stronger | $1.5B | $1.1B |
| Stockholders' EquityBook value | $-326.7M | $3.0B |
| Total Assets | $2.2B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $264.2M | ||
| Q2 25 | — | $198.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $-326.7M | — | ||
| Q3 25 | $-347.0M | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $5.3B | ||
| Q2 25 | — | $5.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $71.9M | $138.6M |
| Free Cash FlowOCF − Capex | $71.0M | $126.6M |
| FCF MarginFCF / Revenue | 10.8% | 23.9% |
| Capex IntensityCapex / Revenue | 0.1% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.9M | — | ||
| Q3 25 | $71.9M | $138.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $71.0M | — | ||
| Q3 25 | $67.4M | $126.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 12.2% | 23.9% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.8% | 2.3% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 5.17× | 3.47× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
