Is the business good?
How good a business is PTON?
Peloton Interactive, Inc. keeps 4.5% of every revenue dollar as operating profit, against 11% for the median Leisure name.
4.5%
Operating margin · Leisure median 11% · 12 months to Q3 2026
- Share count, year on year
- +30%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 9.9%
R&D as % of revenue
- Gross margin
- 52%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −4.4% |
| FY2021 | −4.7% |
| FY2022 | −76% |
| FY2023 | −43% |
| FY2024 | −20% |
| FY2025 | −1.5% |
Details›
- Gross margin12 months to Q3 2026
- 52%
- Operating margin12 months to Q3 2026
- 4.5%
- Net margin12 months to Q3 2026
- 0.94%
- Free cash flow margin
- 16%
- R&D as % of revenue
- 9.9%
- Revenue, trailing twelve months
- $2.45B
- Free cash flow, trailing twelve months
- $401M
- Net income, trailing twelve months
- $23M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.