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Side-by-side financial comparison of PELOTON INTERACTIVE, INC. (PTON) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $611.2M, roughly 1.1× TRINITY INDUSTRIES INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs -5.9%, a 37.7% gap on every dollar of revenue. On growth, PELOTON INTERACTIVE, INC. posted the faster year-over-year revenue change (-2.6% vs -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M 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...
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
PTON vs TRN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $656.5M | $611.2M |
| Net Profit | $-38.8M | $194.2M |
| Gross Margin | 50.5% | 25.5% |
| Operating Margin | -2.2% | 54.9% |
| Net Margin | -5.9% | 31.8% |
| Revenue YoY | -2.6% | -2.9% |
| Net Profit YoY | 57.8% | 413.8% |
| EPS (diluted) | $-0.09 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $550.8M | $454.1M | ||
| Q2 25 | — | $506.2M | ||
| Q1 25 | — | $585.4M | ||
| Q4 24 | — | $629.4M | ||
| Q3 24 | — | $798.8M | ||
| Q2 24 | — | $841.4M | ||
| Q1 24 | — | $809.6M |
| Q4 25 | $-38.8M | $194.2M | ||
| Q3 25 | $13.9M | $30.3M | ||
| Q2 25 | — | $14.1M | ||
| Q1 25 | — | $22.1M | ||
| Q4 24 | — | $37.8M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $54.4M | ||
| Q1 24 | — | $23.7M |
| Q4 25 | 50.5% | 25.5% | ||
| Q3 25 | 51.5% | 31.1% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | -2.2% | 54.9% | ||
| Q3 25 | 7.5% | 26.1% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | -5.9% | 31.8% | ||
| Q3 25 | 2.5% | 6.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | $-0.09 | $2.25 | ||
| Q3 25 | $0.03 | $0.37 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | — | $0.65 | ||
| Q1 24 | — | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $-326.7M | $1.1B |
| Total Assets | $2.2B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $201.3M | ||
| Q3 25 | $1.1B | $66.3M | ||
| Q2 25 | — | $147.7M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $228.2M | ||
| Q3 24 | — | $222.4M | ||
| Q2 24 | — | $257.1M | ||
| Q1 24 | — | $118.8M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-326.7M | $1.1B | ||
| Q3 25 | $-347.0M | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | $2.2B | $8.4B | ||
| Q3 25 | $2.2B | $8.9B | ||
| Q2 25 | — | $8.8B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $9.0B | ||
| Q1 24 | — | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | $71.0M | $158.6M |
| FCF MarginFCF / Revenue | 10.8% | 25.9% |
| Capex IntensityCapex / Revenue | 0.1% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.9M | $177.4M | ||
| Q3 25 | $71.9M | $44.2M | ||
| Q2 25 | — | $61.6M | ||
| Q1 25 | — | $76.5M | ||
| Q4 24 | — | $201.6M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $241.5M | ||
| Q1 24 | — | $52.2M |
| Q4 25 | $71.0M | $158.6M | ||
| Q3 25 | $67.4M | $35.3M | ||
| Q2 25 | — | $52.9M | ||
| Q1 25 | — | $67.3M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $62.1M | ||
| Q2 24 | — | $230.2M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | 10.8% | 25.9% | ||
| Q3 25 | 12.2% | 7.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 0.1% | 3.1% | ||
| Q3 25 | 0.8% | 2.0% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 0.91× | ||
| Q3 25 | 5.17× | 1.46× | ||
| Q2 25 | — | 4.37× | ||
| Q1 25 | — | 3.46× | ||
| Q4 24 | — | 5.33× | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 4.44× | ||
| Q1 24 | — | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
