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FIRST HORIZON CORP（FHN）与PELOTON INTERACTIVE, INC.（PTON）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是PELOTON INTERACTIVE, INC.的1.4倍（$888.0M vs $656.5M），FIRST HORIZON CORP净利率更高（29.4% vs -5.9%，领先35.3%），FIRST HORIZON CORP同比增速更快（21.8% vs -2.6%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $71.0M）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
FHN vs PTON — 直观对比
营收规模更大
FHN
是对方的1.4倍
$656.5M
营收增速更快
FHN
高出24.4%
-2.6%
净利率更高
FHN
高出35.3%
-5.9%
自由现金流更多
FHN
多$318.0M
$71.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $656.5M |
| 净利润 | $261.0M | $-38.8M |
| 毛利率 | — | 50.5% |
| 营业利润率 | 38.5% | -2.2% |
| 净利率 | 29.4% | -5.9% |
| 营收同比 | 21.8% | -2.6% |
| 净利润同比 | 57.2% | 57.8% |
| 每股收益（稀释后） | $0.51 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FHNPTON
| Q4 25 | $888.0M | $656.5M | ||
| Q3 25 | $889.0M | $550.8M | ||
| Q2 25 | $830.0M | — | ||
| Q1 25 | $812.0M | — | ||
| Q4 24 | $729.0M | — | ||
| Q3 24 | $827.0M | — | ||
| Q1 24 | $819.0M | — | ||
| Q4 23 | $617.0M | — |
净利润FHNPTON
| Q4 25 | $261.0M | $-38.8M | ||
| Q3 25 | $262.0M | $13.9M | ||
| Q2 25 | $241.0M | — | ||
| Q1 25 | $218.0M | — | ||
| Q4 24 | $166.0M | — | ||
| Q3 24 | $218.0M | — | ||
| Q1 24 | $192.0M | — | ||
| Q4 23 | $184.0M | — |
毛利率FHNPTON
| Q4 25 | — | 50.5% | ||
| Q3 25 | — | 51.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
营业利润率FHNPTON
| Q4 25 | 38.5% | -2.2% | ||
| Q3 25 | 38.7% | 7.5% | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 35.1% | — | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 34.0% | — | ||
| Q1 24 | 31.0% | — | ||
| Q4 23 | 28.8% | — |
净利率FHNPTON
| Q4 25 | 29.4% | -5.9% | ||
| Q3 25 | 29.5% | 2.5% | ||
| Q2 25 | 29.0% | — | ||
| Q1 25 | 26.8% | — | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 26.4% | — | ||
| Q1 24 | 23.4% | — | ||
| Q4 23 | 29.8% | — |
每股收益（稀释后）FHNPTON
| Q4 25 | $0.51 | $-0.09 | ||
| Q3 25 | $0.50 | $0.03 | ||
| Q2 25 | $0.45 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $0.40 | — | ||
| Q1 24 | $0.33 | — | ||
| Q4 23 | $0.32 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $8.8B | $-326.7M |
| 总资产 | $83.9B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FHNPTON
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
总债务FHNPTON
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益FHNPTON
| Q4 25 | $8.8B | $-326.7M | ||
| Q3 25 | $8.9B | $-347.0M | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.0B | — | ||
| Q1 24 | $8.9B | — | ||
| Q4 23 | $9.0B | — |
总资产FHNPTON
| Q4 25 | $83.9B | $2.2B | ||
| Q3 25 | $83.2B | $2.2B | ||
| Q2 25 | $82.1B | — | ||
| Q1 25 | $81.5B | — | ||
| Q4 24 | $82.2B | — | ||
| Q3 24 | $82.6B | — | ||
| Q1 24 | $81.8B | — | ||
| Q4 23 | $81.7B | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $396.0M | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $71.0M |
| 自由现金流率自由现金流/营收 | 43.8% | 10.8% |
| 资本支出强度资本支出/营收 | 0.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $595.0M | — |
8季度趋势，按日历期对齐
经营现金流FHNPTON
| Q4 25 | $396.0M | $71.9M | ||
| Q3 25 | $-200.0M | $71.9M | ||
| Q2 25 | $83.0M | — | ||
| Q1 25 | $349.0M | — | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $389.0M | — | ||
| Q1 24 | $838.0M | — | ||
| Q4 23 | $365.0M | — |
自由现金流FHNPTON
| Q4 25 | $389.0M | $71.0M | ||
| Q3 25 | $-208.0M | $67.4M | ||
| Q2 25 | $74.0M | — | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | — | ||
| Q1 24 | $828.0M | — | ||
| Q4 23 | — | — |
自由现金流率FHNPTON
| Q4 25 | 43.8% | 10.8% | ||
| Q3 25 | -23.4% | 12.2% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q1 24 | 101.1% | — | ||
| Q4 23 | — | — |
资本支出强度FHNPTON
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.9% | 0.8% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | — | ||
| Q1 24 | 1.2% | — | ||
| Q4 23 | — | — |
现金转化率FHNPTON
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 5.17× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q1 24 | 4.36× | — | ||
| Q4 23 | 1.98× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
