Peloton Interactive (PTON)
Market Price (12/24/2025): $6.11 | Market Cap: $2.5 BilSector: Consumer Discretionary | Industry: Leisure Facilities
Peloton Interactive (PTON)
Market Price (12/24/2025): $6.11Market Cap: $2.5 BilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% | Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -122% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 83x |
| Attractive yieldFCF Yield is 15% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%, Rev Chg QQuarterly Revenue Change % is -6.0% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Streaming Fitness Content, Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.3% | |
| Short seller report | ||
| Key risksPTON key risks include [1] significant financial distress from a heavy debt load and negative equity amid declining revenue, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Attractive yieldFCF Yield is 15% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Streaming Fitness Content, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -122% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 83x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%, Rev Chg QQuarterly Revenue Change % is -6.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.3% |
| Short seller report |
| Key risksPTON key risks include [1] significant financial distress from a heavy debt load and negative equity amid declining revenue, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
The provided search results contain information about Peloton Interactive (PTON) stock, including its performance and news, with dates up to December 23, 2025. However, the requested period starts on August 31, 2025, and ends today, December 24, 2025. While there's information for the latter part of this period, there isn't a clear indication of a -19.6% stock movement *specifically* within the entire August 31, 2025, to December 24, 2025, timeframe as a past event with explicit causes for that exact percentage drop. Some sources discuss general stock performance and analyst forecasts for 2025 and 2026, including bearish sentiment and overall yearly declines. For instance, one forecast suggests a drop of -10.80% by January 22, 2026. Another indicates the stock is down 31% over the past year (ending December 2025). There are also mentions of financial instability and valuation concerns. Given the provided information, pinpointing five specific "key points" that caused an exact -19.6% drop within the specified, largely future, timeframe (August 31, 2025, to December 24, 2025) is not directly supported by the search results as a concluded historical event. The data largely consists of current analyst sentiment, recent quarterly results (some positive, some indicating ongoing challenges), and future forecasts. Therefore, a direct explanation for a -19.6% movement within that precise, mostly future, window, based on concrete past events and causes, is not available. However, some general themes regarding the stock's performance and sentiment can be extracted from the provided information. 1. Continued Bearish Sentiment and Valuation Concerns: Analysts and AI analysis indicate a "Neutral" or "Bearish" sentiment for PTON stock, citing significant financial instability and ongoing valuation concerns.2. Overall Stock Decline in the Past Year: As of December 2025, Peloton's stock was down 31% over the past year, and 96% off its all-time highs, indicating a broader negative trend leading into and through the latter part of 2025.
3. Mixed Financial Performance and Challenges: While Peloton reported some positive aspects like a surprise fourth-quarter profit and increased average workout time, it continues to face lower sales, decreases in engagement metrics, and challenges such as a shareholder lawsuit and product recalls.
4. Negative Short-Term Trend Forecasts: Technical indicators and forecasts suggest a bearish momentum, with expectations for the stock to fall further in the short term, potentially by -23.87% over the next 3 months from late December 2025.
5. Negative Earnings and Revenue Growth Forecasts: Peloton's forecast annual earnings growth rate is not expected to beat the US Leisure industry or market averages, and its forecast annual revenue growth rate is also projected to underperform industry and market averages for 2026. Show more
Stock Movement Drivers
Fundamental Drivers
The -23.9% change in PTON stock from 9/23/2025 to 12/23/2025 was primarily driven by a -20.7% change in the company's P/S Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 8.03 | 6.11 | -23.91% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2490.80 | 2455.70 | -1.41% |
| P/S Multiple | 1.30 | 1.03 | -20.75% |
| Shares Outstanding (Mil) | 402.29 | 413.11 | -2.69% |
| Cumulative Contribution | -23.97% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PTON | -23.9% | |
| Market (SPY) | 3.7% | 37.8% |
| Sector (XLY) | 2.7% | 39.4% |
Fundamental Drivers
The -7.3% change in PTON stock from 6/24/2025 to 12/23/2025 was primarily driven by a -4.8% change in the company's Shares Outstanding (Mil).| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 6.59 | 6.11 | -7.28% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2527.40 | 2455.70 | -2.84% |
| P/S Multiple | 1.03 | 1.03 | 0.05% |
| Shares Outstanding (Mil) | 394.01 | 413.11 | -4.85% |
| Cumulative Contribution | -7.50% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PTON | -7.3% | |
| Market (SPY) | 13.7% | 37.3% |
| Sector (XLY) | 13.5% | 35.3% |
Fundamental Drivers
The -34.1% change in PTON stock from 12/23/2024 to 12/23/2025 was primarily driven by a -21.2% change in the company's P/S Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.27 | 6.11 | -34.09% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2690.70 | 2455.70 | -8.73% |
| P/S Multiple | 1.30 | 1.03 | -21.24% |
| Shares Outstanding (Mil) | 378.78 | 413.11 | -9.06% |
| Cumulative Contribution | -34.63% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PTON | -34.1% | |
| Market (SPY) | 16.7% | 52.8% |
| Sector (XLY) | 7.3% | 53.1% |
Fundamental Drivers
The -31.3% change in PTON stock from 12/24/2022 to 12/23/2025 was primarily driven by a -27.6% change in the company's Total Revenues ($ Mil).| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 8.89 | 6.11 | -31.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3393.40 | 2455.70 | -27.63% |
| P/S Multiple | 0.89 | 1.03 | 15.73% |
| Shares Outstanding (Mil) | 339.01 | 413.11 | -21.86% |
| Cumulative Contribution | -34.55% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PTON | 2.2% | |
| Market (SPY) | 48.4% | 36.6% |
| Sector (XLY) | 38.2% | 37.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PTON Return | 434% | -76% | -78% | -23% | 43% | -29% | -78% |
| Peers Return | � | � | -16% | 16% | 25% | -10% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| PTON Win Rate | 83% | 25% | 42% | 42% | 50% | 42% | |
| Peers Win Rate | � | 58% | 40% | 57% | 53% | 48% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PTON Max Drawdown | -31% | -77% | -81% | -46% | -53% | -43% | |
| Peers Max Drawdown | � | � | -41% | -24% | -28% | -28% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LULU, GRMN, PLNT, LTH, XPOF. See PTON Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | PTON | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -97.4% | -25.4% |
| % Gain to Breakeven | 3793.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -41.7% | -33.9% |
| % Gain to Breakeven | 71.6% | 51.3% |
| Time to Breakeven | 34 days | 148 days |
Compare to LULU, PLNT, ESCA, CLAR, NOMA
In The Past
Peloton Interactive's stock fell -97.4% during the 2022 Inflation Shock from a high on 1/13/2021. A -97.4% loss requires a 3793.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
AI Analysis | Feedback
Here are 1-3 brief analogies for Peloton:
The Tesla of home fitness
SoulCycle for your living room
Netflix for fitness
AI Analysis | Feedback
```htmlMajor Products of Peloton Interactive (PTON)
- Peloton Bike & Bike+: Stationary bikes integrated with a touchscreen for streaming live and on-demand fitness classes.
- Peloton Tread: A treadmill featuring a large touchscreen, designed for streaming running, walking, and bootcamp classes.
- Peloton Row: A connected rowing machine providing full-body workouts through a diverse library of classes.
- Peloton Guide: A connected camera device that uses AI to provide personalized strength training programs and form feedback.
- Peloton All-Access Membership (Service): A recurring subscription service offering unlimited access to Peloton's extensive library of live and on-demand fitness content directly on Peloton hardware.
- Peloton App Membership (Service): A digital subscription providing access to Peloton's fitness classes via mobile devices, tablets, and smart TVs, independent of Peloton hardware.
- Accessories & Apparel: A range of supplemental items including weights, resistance bands, cycling shoes, heart rate monitors, and branded athletic clothing.
AI Analysis | Feedback
Peloton Interactive (PTON) - Major Customers
Peloton Interactive primarily sells its connected fitness products (such as exercise bikes, treadmills, and accessories) and digital subscriptions directly to **individual consumers**. While Peloton does have some B2B sales (e.g., to hotels, corporate wellness programs, and residential buildings), the vast majority of its revenue and customer base comes from individuals purchasing for home use. Therefore, its major customers can be categorized as follows:-
Affluent Home Fitness Enthusiasts: Individuals with disposable income who prioritize health and fitness, seeking a premium, convenient, and engaging workout experience in their own homes. They often appreciate high-quality equipment, diverse class offerings, and the ability to track their performance.
-
Time-Constrained Professionals and Parents: Busy individuals whose schedules make it difficult to attend traditional gyms. They value the flexibility and efficiency of at-home workouts that can be seamlessly integrated into their daily routines without the need for travel.
-
Health & Wellness Seekers: Individuals focused on improving their overall health, managing weight, or achieving specific fitness goals. They benefit from Peloton's structured programs, motivating instructors, and the sense of community, which helps them stay consistent and engaged with their fitness journey.
AI Analysis | Feedback
- Rexon Industrial Corp. (1526.TW)
- Apex Fitness Group
AI Analysis | Feedback
```htmlPeter Stern, Chief Executive Officer and President
Peter Stern was appointed CEO and President of Peloton in January 2025. For the 25 years prior to joining Peloton, he worked at companies involved with hardware, software, content, and services.
Liz Coddington, Chief Financial Officer
Liz Coddington became Peloton's Chief Financial Officer in June 2022. She has over 20 years of experience in financial planning and analysis and operational finance. Prior to Peloton, Coddington served as Vice President of Finance for Amazon Web Services. She also held senior leadership finance roles at Adara, Walmart.com (as CFO), and as Vice President, Financial Planning and Analysis at Netflix, where she worked with Barry McCarthy, former Peloton CEO.
Charles Kirol, Chief Operating Officer
Charles Kirol was appointed Chief Operating Officer in April 2025. He brings over 25 years of experience in high-impact business transformations, with a focus on supply chain, cost management, and information technology. Prior to Peloton, he held roles including EVP and Chief Global Operations and Technology Officer at iRobot Corporation.
Dion Camp Sanders, Chief Commercial Officer
Dion Camp Sanders joined Peloton in 2019 and was named Chief Commercial Officer in April 2025. In this role, he oversees first-party retail, inside sales, third-party retail, bike rental, sales of pre-owned refurbished equipment, international strategy and operations, B2B channels, Precor, M&A, and business development. He was previously Chief Emerging Business Officer.
Nick Caldwell, Chief Product Officer
Nick Caldwell has served as Chief Product Officer of Peloton since November 2023. He is responsible for global product development, leading hardware and software product teams to create new products and features. Caldwell has a track record of building and scaling products and services that drive business growth.
```AI Analysis | Feedback
The key risks to Peloton Interactive (PTON) are:
- Declining Revenue and Profitability Concerns: Peloton has faced ongoing challenges with shrinking revenue, particularly in its Connected Fitness Products segment, and struggles to achieve consistent profitability. Despite efforts to improve margins through cost management, the company reported a fiscal year 2025 net loss of $118.9 million, although this was an improvement from the prior year. Peloton also has negative total equity and is heavily debt-financed, with approximately $1.499 billion in total debt as of the end of fiscal year 2025, which contributes to significant financial stress and rising interest expenses. The company's negative equity position places it in a different risk category compared to peers and suggests a poor financial strength.
- Intense Competition and Evolving Consumer Preferences: The connected fitness market is highly competitive, with numerous companies, including larger players with deeper pockets, vying for market share. Post-pandemic, consumer preferences have shifted, with many individuals returning to traditional gyms or seeking lower-cost alternatives, leading to a significant reduction in demand for Peloton's premium-priced at-home equipment. This evolving market has also contributed to stagnant subscriber growth and concerning churn rates for Peloton.
- Product Recalls and Brand Trust Issues: Peloton has previously experienced significant setbacks due to product recalls, most notably the Tread+ treadmill recall, which resulted in associated fines and negatively impacted brand reputation. Such incidents can quickly erode brand trust and profitability, and the risk of future product recalls remains. Furthermore, the company's reliance on third-party suppliers, contract manufacturers, and logistics partners introduces risks regarding the timely production and quality of its products and services.
AI Analysis | Feedback
The proliferation and increasing sophistication of digital fitness platforms that deliver compelling, interactive workout experiences without requiring expensive, proprietary hardware. These platforms leverage existing consumer electronics (smart TVs, tablets, smartphones, and popular wearables) and third-party fitness equipment, offering a lower barrier to entry for high-quality, guided workouts and community features. This trend directly challenges Peloton's integrated hardware-and-subscription business model by demonstrating that a premium connected fitness experience can be achieved without substantial upfront investment in a single-brand ecosystem.
AI Analysis | Feedback
The addressable markets for Peloton Interactive's main products and services are as follows:
Connected Fitness Equipment
- U.S. Market: The U.S. connected fitness equipment market size was estimated at USD 1.17 billion in 2024 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.3% from 2025 to 2033.
- Global Market: The global fitness equipment market size is calculated at USD 18.91 billion in 2025 and is predicted to reach approximately USD 30.61 billion by 2034, growing at a CAGR of 5.5%.
- Global Fitness Bikes Market: This specific segment is projected to expand from USD 1.8 billion in 2025 to USD 5.5 billion by 2032, at a CAGR of 12%.
Fitness Content and Subscription Services
- U.S. Market (Connected Fitness Services): The U.S. connected fitness services market size was estimated at USD 1.25 billion in 2024 and is projected to reach USD 7.61 billion by 2033, growing at a CAGR of 23.2% from 2025 to 2033.
- Global Market (Online Fitness): The online fitness market is valued at USD 28.89 billion in 2025 and is projected to reach USD 98.73 billion by 2030, reflecting a 27.7% CAGR.
- Global Market (Connected Fitness): The global connected fitness market size was valued at USD 5.2 billion in 2023 and is projected to reach USD 16.8 billion by 2032, growing at a CAGR of 14.1%.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Peloton Interactive (PTON) over the next 2-3 years:- Product Innovation and New Product Launches: Peloton is focused on launching new products and enhancing its existing lineup. This includes a "new equipment lineup and Peloton IQ", and the company has highlighted its "newly updated, AI-enhanced product lineup" as a driver of recent positive results. These innovations aim to capture consumer interest and drive sales of connected fitness products.
- Expansion into Broader Wellness Offerings: The company plans to expand its "wellness offerings, targeting a broader demographic with holistic fitness solutions". This strategic shift aims to evolve Peloton from primarily a cardio fitness company to a full-spectrum wellness platform, potentially encompassing mental health, sleep, and nutrition, thereby opening new revenue streams.
- Improved Customer Retention and Subscription Growth: While facing a decline in connected fitness subscribers, Peloton has shown an improvement in its average net monthly Paid Connected Fitness Subscription churn rate, indicating better customer retention. Enhancing the value and "stickiness" of its subscription service through exclusive content and personalized programs is key to retaining and attracting new subscribers, which directly impacts recurring subscription revenue.
- Strategic Partnerships and Corporate Wellness Programs: Collaborations with other companies in the health, wellness, and technology sectors are expected to broaden Peloton's ecosystem and attract new customers. Additionally, expanding into corporate wellness programs is identified as a strategic initiative that can drive future growth.
- Pricing Adjustments: Recent earnings reports have indicated that "price increases—both on equipment and subscriptions—" have been a driver behind stronger-than-expected results. Peloton management has also addressed inquiries about potential future pricing adjustments, suggesting that this remains a lever for revenue growth.
AI Analysis | Feedback
Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- For the trailing twelve months ended September 2025, Peloton Interactive reported $0 million in share repurchases.
Share Issuance
- In November 2021, Peloton completed a public offering of 23,913,043 shares of its Class A common stock at $46 per share, generating approximately $1.1 billion in gross proceeds.
- In May 2024, Peloton priced a private offering of $300 million in convertible senior notes due 2029, which are convertible into Class A common stock.
Outbound Investments
- In April 2021, Peloton acquired Precor, a commercial fitness equipment provider, for $420 million in cash to establish U.S. manufacturing capacity and expand into the commercial market.
- In late 2020/early 2021, Peloton acquired three startups (Aquino, Atlas Wearables, and Otari) for a total consideration of $78.1 million to enhance capabilities in artificial intelligence, digital voice assistants, and wearable devices.
Capital Expenditures
- Peloton's capital expenditures averaged $159 million annually for fiscal years ending June 2021 to 2025.
- Capital expenditures peaked in June 2022 at $353.3 million, primarily related to the construction of Peloton Output Park and the build-out of showrooms and offices.
- Capital expenditures significantly decreased in recent years, reaching a 5-year low of $9.3 million for the latest twelve months ended June 2025.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to PTON. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.6% | 10.6% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.8% | 4.8% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.5% | 19.5% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Peloton Interactive
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 69.28 |
| Mkt Cap | 7.6 |
| Rev LTM | 2,685 |
| Op Inc LTM | 409 |
| FCF LTM | 292 |
| FCF 3Y Avg | 113 |
| CFO LTM | 593 |
| CFO 3Y Avg | 463 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.6% |
| Rev Chg 3Y Avg | 13.7% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 18.8% |
| Op Mgn 3Y Avg | 17.6% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 19.7% |
| CFO/Rev 3Y Avg | 21.4% |
| FCF/Rev LTM | 12.8% |
| FCF/Rev 3Y Avg | 9.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.6 |
| P/S | 2.2 |
| P/EBIT | 17.8 |
| P/E | 17.5 |
| P/CFO | 14.8 |
| Total Yield | 3.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.5 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.3% |
| 3M Rtn | 0.8% |
| 6M Rtn | -3.7% |
| 12M Rtn | -17.7% |
| 3Y Rtn | 4.9% |
| 1M Excs Rtn | 0.6% |
| 3M Excs Rtn | -3.5% |
| 6M Excs Rtn | -16.5% |
| 12M Excs Rtn | -34.4% |
| 3Y Excs Rtn | -72.4% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $6.11 | |
| Market Cap ($ Bil) | 2.5 | |
| First Trading Date | 09/26/2019 | |
| Distance from 52W High | -40.5% | |
| 50 Days | 200 Days | |
| DMA Price | $6.98 | $6.98 |
| DMA Trend | down | down |
| Distance from DMA | -12.5% | -12.5% |
| 3M | 1YR | |
| Volatility | 57.6% | 73.4% |
| Downside Capture | 222.04 | 241.87 |
| Upside Capture | 54.02 | 165.28 |
| Correlation (SPY) | 38.4% | 52.7% |
PTON Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.85 | 1.83 | 2.01 | 2.45 | 2.02 | 2.11 |
| Up Beta | -2.19 | 0.38 | 0.31 | 1.19 | 1.70 | 1.55 |
| Down Beta | 4.16 | 2.87 | 2.94 | 4.25 | 2.28 | 1.99 |
| Up Capture | 194% | 52% | 147% | 189% | 284% | 2619% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 17 | 29 | 58 | 113 | 353 |
| Down Capture | 271% | 249% | 233% | 223% | 152% | 112% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 25 | 34 | 66 | 132 | 387 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PTON With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -35.3% | 7.8% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 73.0% | 24.3% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | -0.30 | 0.25 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 53.1% | 52.8% | -1.7% | 8.6% | 30.2% | 26.8% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of PTON With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -45.6% | 9.9% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 86.2% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.31 | 0.38 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 44.5% | 40.0% | 2.9% | 4.1% | 34.0% | 20.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PTON With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -20.6% | 13.2% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 84.1% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.11 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 36.7% | 30.6% | 6.7% | 3.7% | 21.7% | 19.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 14.2% | 8.9% | 0.9% |
| 8/7/2025 | 0.6% | 23.3% | 13.4% |
| 5/8/2025 | -6.7% | -5.2% | 4.6% |
| 2/6/2025 | 12.0% | 21.1% | -18.1% |
| 10/31/2024 | 27.8% | 19.2% | 55.5% |
| 8/22/2024 | 35.4% | 34.8% | 45.8% |
| 5/2/2024 | -2.8% | 22.4% | 13.0% |
| 2/1/2024 | -24.3% | -21.0% | -17.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 12 |
| # Negative | 11 | 13 | 10 |
| Median Positive | 12.9% | 21.1% | 25.0% |
| Median Negative | -11.3% | -11.5% | -21.5% |
| Max Positive | 35.4% | 34.8% | 55.5% |
| Max Negative | -35.3% | -41.3% | -50.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-K 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2062025 | 10-Q 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8222024 | 10-K 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2012024 | 10-Q 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8232023 | 10-K 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 2012023 | 10-Q 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 9072022 | 10-K 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 2082022 | 10-Q 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.