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PELOTON INTERACTIVE, INC.（PTON）与Ultra Clean Holdings, Inc.（UCTT）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Ultra Clean Holdings, Inc.的1.2倍（$656.5M vs $533.7M），Ultra Clean Holdings, Inc.净利率更高（-2.8% vs -5.9%，领先3.1%），Ultra Clean Holdings, Inc.同比增速更快（2.9% vs -2.6%）
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。
Ultra Clean Holdings是面向半导体、先进显示及生命科学领域的全球供应商，核心业务涵盖关键子系统制造、超高纯清洗服务及精密工艺组件供应，业务覆盖北美、亚洲、欧洲，服务头部晶圆厂及高科技设备制造商。
PTON vs UCTT — 直观对比
营收规模更大
PTON
是对方的1.2倍
$533.7M
营收增速更快
UCTT
高出5.5%
-2.6%
净利率更高
UCTT
高出3.1%
-5.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $656.5M | $533.7M |
| 净利润 | $-38.8M | $-15.0M |
| 毛利率 | 50.5% | 12.2% |
| 营业利润率 | -2.2% | 2.1% |
| 净利率 | -5.9% | -2.8% |
| 营收同比 | -2.6% | 2.9% |
| 净利润同比 | 57.8% | -500.0% |
| 每股收益（稀释后） | $-0.09 | $-0.40 |
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PTONUCTT
| Q1 26 | — | $533.7M | ||
| Q4 25 | $656.5M | $506.6M | ||
| Q3 25 | $550.8M | $510.0M | ||
| Q2 25 | — | $518.8M | ||
| Q1 25 | — | $518.6M | ||
| Q4 24 | — | $563.4M | ||
| Q3 24 | — | $540.4M | ||
| Q2 24 | — | $516.1M |
净利润PTONUCTT
| Q1 26 | — | $-15.0M | ||
| Q4 25 | $-38.8M | $-3.3M | ||
| Q3 25 | $13.9M | $-10.9M | ||
| Q2 25 | — | $-162.0M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $-2.3M | ||
| Q2 24 | — | $19.1M |
毛利率PTONUCTT
| Q1 26 | — | 12.2% | ||
| Q4 25 | 50.5% | 15.2% | ||
| Q3 25 | 51.5% | 16.1% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 17.1% |
营业利润率PTONUCTT
| Q1 26 | — | 2.1% | ||
| Q4 25 | -2.2% | 2.2% | ||
| Q3 25 | 7.5% | 2.1% | ||
| Q2 25 | — | -27.3% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.4% |
净利率PTONUCTT
| Q1 26 | — | -2.8% | ||
| Q4 25 | -5.9% | -0.7% | ||
| Q3 25 | 2.5% | -2.1% | ||
| Q2 25 | — | -31.2% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 3.7% |
每股收益（稀释后）PTONUCTT
| Q1 26 | — | $-0.40 | ||
| Q4 25 | $-0.09 | $-0.07 | ||
| Q3 25 | $0.03 | $-0.24 | ||
| Q2 25 | — | $-3.58 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | — | $0.42 |
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 | $323.5M |
| 总债务越低越好 | $1.5B | $601.9M |
| 股东权益账面价值 | $-326.7M | $702.1M |
| 总资产 | $2.2B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资PTONUCTT
| Q1 26 | — | $323.5M | ||
| Q4 25 | $1.2B | $311.8M | ||
| Q3 25 | $1.1B | $314.1M | ||
| Q2 25 | — | $327.4M | ||
| Q1 25 | — | $317.6M | ||
| Q4 24 | — | $313.9M | ||
| Q3 24 | — | $318.2M | ||
| Q2 24 | — | $319.5M |
总债务PTONUCTT
| Q1 26 | — | $601.9M | ||
| Q4 25 | $1.5B | $481.4M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $499.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PTONUCTT
| Q1 26 | — | $702.1M | ||
| Q4 25 | $-326.7M | $711.0M | ||
| Q3 25 | $-347.0M | $709.9M | ||
| Q2 25 | — | $719.4M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | — | $873.6M | ||
| Q3 24 | — | $857.9M | ||
| Q2 24 | — | $852.3M |
总资产PTONUCTT
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B |
负债/权益比PTONUCTT
| Q1 26 | — | 0.86× | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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PTONUCTT
| Q1 26 | — | — | ||
| Q4 25 | $71.9M | $8.1M | ||
| Q3 25 | $71.9M | $100.0K | ||
| Q2 25 | — | $29.2M | ||
| Q1 25 | — | $28.2M | ||
| Q4 24 | — | $17.1M | ||
| Q3 24 | — | $14.9M | ||
| Q2 24 | — | $23.2M |
自由现金流PTONUCTT
| Q1 26 | — | — | ||
| Q4 25 | $71.0M | $-2.0M | ||
| Q3 25 | $67.4M | $-10.9M | ||
| Q2 25 | — | $12.4M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | — | $-200.0K | ||
| Q3 24 | — | $-300.0K | ||
| Q2 24 | — | $10.2M |
自由现金流率PTONUCTT
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | -0.4% | ||
| Q3 25 | 12.2% | -2.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | -0.0% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | 2.0% |
资本支出强度PTONUCTT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.8% | 2.2% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 2.5% |
现金转化率PTONUCTT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.21× |
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% |
UCTT
| Products | $465.7M | 87% |
| Services | $68.0M | 13% |
