Peloton Interactive, Inc. (PTON) vs Tron Inc. (TRON)

Peloton Interactive, Inc. and Tron Inc. are both Leisure companies. Peloton Interactive, Inc. is the larger, with a market value of $2.1B against $697.3M — 3.0× the size. Tron Inc. has negative trailing earnings, so its P/E is not meaningful; Peloton Interactive, Inc. trades at 35.1×. Tron Inc. grew revenue faster over the last twelve months: 19.7% against −1.80%. Tron Inc. has the higher net margin (135.6% vs 2.58%) and the lower return on invested capital (−0.58% vs 0.00%). Across the 16 metrics below, Peloton Interactive, Inc. leads on 11 and Tron Inc. on 5.

Valuation

Metric PTON TRON Leisure median
P/E 35.14 n/m 17.42
P/S 0.85 133.79 1.02
P/B n/m 2.68 2.13
Price to free cash flow 5.53 n/m 11.49
EV/EBITDA 9.60 n/m 9.97
EV/Sales 0.89 132.06 2.00
Earnings yield 2.85% (7.56%) 2.85%
Free cash flow yield 18.07% (0.34%) 3.64%

Profitability

Metric PTON TRON Leisure median
Gross margin 52.60% 24.65% 48.02%
Operating margin 6.57% (44.62%) 3.08%
Net margin 2.58% 135.61% 2.58%
Free cash flow margin 15.44% (44.21%) 2.13%
Return on equity (22.84%) 3.77% 0.00%
Return on assets 3.02% 3.73% 0.05%
Return on invested capital 0.00% (0.58%) 3.95%

Growth

Metric PTON TRON Leisure median
Revenue growth (TTM) (1.80%) 19.66% 3.28%
EPS growth (last fiscal year) 146.67% 56.76% —
Revenue growth, 5-year CAGR (9.47%) — 4.22%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric PTON TRON Leisure median
Debt to equity (9.30) 0.00 0.02
Current ratio 2.84 27.40 1.76
Net debt to EBITDA 0.41 4.79 1.85

Dividend

Metric PTON TRON Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 — 0.00

Size

Metric PTON TRON Leisure median
Market cap 2.10b 697.34m 293.27m

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