Peloton Interactive, Inc. (PTON) vs YETI Holdings, Inc. (YETI)

Peloton Interactive, Inc. and YETI Holdings, Inc. are both Leisure companies. YETI Holdings, Inc. is the larger, with a market value of $3.1B against $2.1B — 1.5× the size. YETI Holdings, Inc. trades at the lower P/E: 18.1× against 35.1×. YETI Holdings, Inc. grew revenue faster over the last twelve months: 6.24% against −1.80%. YETI Holdings, Inc. has the higher net margin (9.24% vs 2.58%) and the higher return on invested capital (22.7% vs 0.00%). Across the 21 metrics below, YETI Holdings, Inc. leads on 12 and Peloton Interactive, Inc. on 9.

Valuation

Metric PTON YETI Leisure median
P/E 35.14 18.15 17.42
P/S 0.85 1.63 1.02
P/B n/m 5.18 2.13
Price to free cash flow 5.53 16.37 11.49
EV/EBITDA 9.60 10.93 9.97
EV/Sales 0.89 1.65 2.00
Earnings yield 2.85% 5.51% 2.85%
Free cash flow yield 18.07% 6.11% 3.64%

Profitability

Metric PTON YETI Leisure median
Gross margin 52.60% 59.21% 48.02%
Operating margin 6.57% 12.18% 3.08%
Net margin 2.58% 9.24% 2.58%
Free cash flow margin 15.44% 9.97% 2.13%
Return on equity (22.84%) 25.32% 0.00%
Return on assets 3.02% 13.73% 0.05%
Return on invested capital 0.00% 22.66% 3.95%

Growth

Metric PTON YETI Leisure median
Revenue growth (TTM) (1.80%) 6.24% 3.28%
EPS growth (last fiscal year) 146.67% (0.98%) —
Revenue growth, 5-year CAGR (9.47%) 11.35% 4.22%
Net income growth, 5-year CAGR 0.00% 1.20% 0.00%

Health

Metric PTON YETI Leisure median
Debt to equity (9.30) 0.17 0.02
Current ratio 2.84 1.75 1.76
Net debt to EBITDA 0.41 (0.43) 1.85

Dividend

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

Size

Metric PTON YETI Leisure median
Market cap 2.10b 3.06b 293.27m

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