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PELOTON INTERACTIVE, INC.（PTON）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是PELOTON INTERACTIVE, INC.的1.7倍（$1.1B vs $656.5M），泰瑞达净利率更高（23.7% vs -5.9%，领先29.7%），泰瑞达同比增速更快（43.9% vs -2.6%），泰瑞达自由现金流更多（$218.8M vs $71.0M）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
PTON vs TER — 直观对比
营收规模更大
TER
是对方的1.7倍
$656.5M
营收增速更快
TER
高出46.5%
-2.6%
净利率更高
TER
高出29.7%
-5.9%
自由现金流更多
TER
多$147.8M
$71.0M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $656.5M | $1.1B |
| 净利润 | $-38.8M | $257.2M |
| 毛利率 | 50.5% | 57.2% |
| 营业利润率 | -2.2% | 27.1% |
| 净利率 | -5.9% | 23.7% |
| 营收同比 | -2.6% | 43.9% |
| 净利润同比 | 57.8% | 75.9% |
| 每股收益（稀释后） | $-0.09 | $1.62 |
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PTONTER
| Q4 25 | $656.5M | $1.1B | ||
| Q3 25 | $550.8M | $769.2M | ||
| Q2 25 | — | $651.8M | ||
| Q1 25 | — | $685.7M | ||
| Q4 24 | — | $752.9M | ||
| Q3 24 | — | $737.3M | ||
| Q2 24 | — | $729.9M | ||
| Q1 24 | — | $599.8M |
净利润PTONTER
| Q4 25 | $-38.8M | $257.2M | ||
| Q3 25 | $13.9M | $119.6M | ||
| Q2 25 | — | $78.4M | ||
| Q1 25 | — | $98.9M | ||
| Q4 24 | — | $146.3M | ||
| Q3 24 | — | $145.6M | ||
| Q2 24 | — | $186.3M | ||
| Q1 24 | — | $64.2M |
毛利率PTONTER
| Q4 25 | 50.5% | 57.2% | ||
| Q3 25 | 51.5% | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% | ||
| Q1 24 | — | 56.6% |
营业利润率PTONTER
| Q4 25 | -2.2% | 27.1% | ||
| Q3 25 | 7.5% | 18.9% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 13.0% |
净利率PTONTER
| Q4 25 | -5.9% | 23.7% | ||
| Q3 25 | 2.5% | 15.5% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 25.5% | ||
| Q1 24 | — | 10.7% |
每股收益（稀释后）PTONTER
| Q4 25 | $-0.09 | $1.62 | ||
| Q3 25 | $0.03 | $0.75 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.14 | ||
| Q1 24 | — | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $-326.7M | $2.8B |
| 总资产 | $2.2B | $4.2B |
| 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PTONTER
| Q4 25 | $1.2B | $293.8M | ||
| Q3 25 | $1.1B | $272.7M | ||
| Q2 25 | — | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | — | $553.4M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | — | $421.9M | ||
| Q1 24 | — | $707.4M |
总债务PTONTER
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PTONTER
| Q4 25 | $-326.7M | $2.8B | ||
| Q3 25 | $-347.0M | $2.7B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B |
总资产PTONTER
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $71.0M | $218.8M |
| 自由现金流率自由现金流/营收 | 10.8% | 20.2% |
| 资本支出强度资本支出/营收 | 0.1% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $450.4M |
8季度趋势，按日历期对齐
经营现金流PTONTER
| Q4 25 | $71.9M | $281.6M | ||
| Q3 25 | $71.9M | $49.0M | ||
| Q2 25 | — | $182.1M | ||
| Q1 25 | — | $161.6M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | — | $166.3M | ||
| Q2 24 | — | $216.1M | ||
| Q1 24 | — | $7.3M |
自由现金流PTONTER
| Q4 25 | $71.0M | $218.8M | ||
| Q3 25 | $67.4M | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M | ||
| Q1 24 | — | $-36.7M |
自由现金流率PTONTER
| Q4 25 | 10.8% | 20.2% | ||
| Q3 25 | 12.2% | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | -6.1% |
资本支出强度PTONTER
| Q4 25 | 0.1% | 5.8% | ||
| Q3 25 | 0.8% | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 7.3% |
现金转化率PTONTER
| Q4 25 | — | 1.09× | ||
| Q3 25 | 5.17× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
