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PELOTON INTERACTIVE, INC.（PTON）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
PELOTON INTERACTIVE, INC.的季度营收约是BOSTON BEER CO INC的1.4倍（$656.5M vs $461.6M），PELOTON INTERACTIVE, INC.同比增速更快（-2.6% vs -4.1%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
PTON vs SAM — 直观对比
营收规模更大
PTON
是对方的1.4倍
$461.6M
营收增速更快
PTON
高出1.5%
-4.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $656.5M | $461.6M |
| 净利润 | $-38.8M | — |
| 毛利率 | 50.5% | 46.4% |
| 营业利润率 | -2.2% | 12.4% |
| 净利率 | -5.9% | — |
| 营收同比 | -2.6% | -4.1% |
| 净利润同比 | 57.8% | — |
| 每股收益（稀释后） | $-0.09 | $2.16 |
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PTONSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $656.5M | $385.7M | ||
| Q3 25 | $550.8M | $537.5M | ||
| Q2 25 | — | $587.9M | ||
| Q1 25 | — | $453.9M | ||
| Q4 24 | — | $402.3M | ||
| Q3 24 | — | $605.5M | ||
| Q2 24 | — | $579.1M |
净利润PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | $-38.8M | $-22.5M | ||
| Q3 25 | $13.9M | $46.2M | ||
| Q2 25 | — | $60.4M | ||
| Q1 25 | — | $24.4M | ||
| Q4 24 | — | $-38.8M | ||
| Q3 24 | — | $33.5M | ||
| Q2 24 | — | $52.3M |
毛利率PTONSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 50.5% | 43.5% | ||
| Q3 25 | 51.5% | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率PTONSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -2.2% | -8.6% | ||
| Q3 25 | 7.5% | 11.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | -5.9% | -5.8% | ||
| Q3 25 | 2.5% | 8.6% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | -9.6% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 9.0% |
每股收益（稀释后）PTONSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.09 | $-1.97 | ||
| Q3 25 | $0.03 | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | — | $2.86 | ||
| Q2 24 | — | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $-326.7M | $682.6M |
| 总资产 | $2.2B | $1.2B |
| 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PTONSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $1.2B | $223.4M | ||
| Q3 25 | $1.1B | $250.5M | ||
| Q2 25 | — | $212.4M | ||
| Q1 25 | — | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | — | $255.6M | ||
| Q2 24 | — | $219.3M |
总债务PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PTONSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $-326.7M | $846.3M | ||
| Q3 25 | $-347.0M | $911.0M | ||
| Q2 25 | — | $912.3M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产PTONSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
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 | $71.9M | — |
| 自由现金流经营现金流 - 资本支出 | $71.0M | — |
| 自由现金流率自由现金流/营收 | 10.8% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | $71.9M | $39.9M | ||
| Q3 25 | $71.9M | $101.8M | ||
| Q2 25 | — | $126.5M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $96.0M |
自由现金流PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | $71.0M | $22.1M | ||
| Q3 25 | $67.4M | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 5.7% | ||
| Q3 25 | 12.2% | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.8% | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率PTONSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.17× | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
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
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
SAM
暂无分部数据
