vs
Side-by-side financial comparison of PELOTON INTERACTIVE, INC. (PTON) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $508.3M, roughly 1.3× TIC Solutions, Inc.). PELOTON INTERACTIVE, INC. runs the higher net margin — -5.9% vs -9.3%, a 3.4% gap on every dollar of revenue. PELOTON INTERACTIVE, INC. produced more free cash flow last quarter ($71.0M vs $37.1M).
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 TIC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $656.5M | $508.3M |
| Net Profit | $-38.8M | $-47.2M |
| Gross Margin | 50.5% | 35.2% |
| Operating Margin | -2.2% | -3.8% |
| Net Margin | -5.9% | -9.3% |
| Revenue YoY | -2.6% | — |
| Net Profit YoY | 57.8% | — |
| EPS (diluted) | $-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 | $656.5M | $508.3M | ||
| Q3 25 | $550.8M | $473.9M | ||
| Q2 25 | — | $313.9M | ||
| Q1 25 | — | $234.2M |
| Q4 25 | $-38.8M | $-47.2M | ||
| Q3 25 | $13.9M | $-13.9M | ||
| Q2 25 | — | $-233.0K | ||
| Q1 25 | — | $-25.8M |
| Q4 25 | 50.5% | 35.2% | ||
| Q3 25 | 51.5% | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% |
| Q4 25 | -2.2% | -3.8% | ||
| Q3 25 | 7.5% | -1.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -4.0% |
| Q4 25 | -5.9% | -9.3% | ||
| Q3 25 | 2.5% | -2.9% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -11.0% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
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 | $439.5M |
| Total DebtLower is stronger | $1.5B | $1.6B |
| Stockholders' EquityBook value | $-326.7M | $2.2B |
| Total Assets | $2.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $439.5M | ||
| Q3 25 | $1.1B | $164.4M | ||
| Q2 25 | — | $130.1M | ||
| Q1 25 | — | $155.7M |
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M |
| Q4 25 | $-326.7M | $2.2B | ||
| Q3 25 | $-347.0M | $2.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B |
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× |
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 | $49.7M |
| Free Cash FlowOCF − Capex | $71.0M | $37.1M |
| FCF MarginFCF / Revenue | 10.8% | 7.3% |
| Capex IntensityCapex / Revenue | 0.1% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.9M | $49.7M | ||
| Q3 25 | $71.9M | $19.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $32.8M |
| Q4 25 | $71.0M | $37.1M | ||
| Q3 25 | $67.4M | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M |
| Q4 25 | 10.8% | 7.3% | ||
| Q3 25 | 12.2% | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% |
| Q4 25 | 0.1% | 2.5% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 5.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
