Callaway Golf vs Peloton Interactive
Add, change or remove companies; up to four.
The short version
- Peloton Interactive is the larger business, with $2.4B of revenue in fiscal 2026 against $2.1B for Callaway Golf.
- Callaway Golf grew revenue faster (β0.9%, against β1.8%).
- Peloton Interactive turned more of its sales into free cash flow (15.4% FCF margin, against 14.7%).
| Latest fiscal year | CALY Β· FY25 | PTON Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $2.7B | $2.3B |
| Revenue | $2.1B | $2.4B |
| Free cash flow | $302M | $378M |
| Net income | β$409M | $63.2M |
| Growth | ||
| Revenue growth | β0.9% | β1.8% |
| 5-year growth | 5.3% | β9.5% |
| Share count change | β6.8% | 11.8% |
| Profitability | ||
| Gross margin | 42.1% | 52.6% |
| Operating margin | 6.2% | 6.6% |
| Net margin | β19.9% | 2.6% |
| FCF margin | 14.7% | 15.4% |
| Return on capital | 2.1% | β |
| Return on equity | β18.3% | β |
| Balance sheet | ||
| Net debt | $558M | $123M |
| Net debt / EBITDA | 3.2x | 0.6x |
| Dividends and buybacks | $3.7M | $0.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 5 | 8 |
Revenue
FY17
CALY $1.0B
PTON β
FY18
CALY $1.2B
PTON $435M
FY19
CALY $1.7B
PTON $915M
FY20
CALY $1.6B
PTON $1.8B
FY21
CALY $3.1B
PTON $4.0B
FY22
CALY $4.0B
PTON $3.6B
FY23
CALY $2.1B
PTON $2.8B
FY24
CALY $2.1B
PTON $2.7B
FY25
CALY $2.1B
PTON $2.5B
FY26
CALY β
PTON $2.4B
CALY
PTON
Operating margin
FY17
CALY 7.5%
PTON β
FY18
CALY 10.3%
PTON β10.9%
FY19
CALY 7.8%
PTON β22.1%
FY20
CALY β6.6%
PTON β4.4%
FY21
CALY 6.5%
PTON β4.7%
FY22
CALY 6.4%
PTON β76.3%
FY23
CALY 9.1%
PTON β42.8%
FY24
CALY 7.4%
PTON β19.6%
FY25
CALY 6.2%
PTON β1.5%
FY26
CALY β
PTON 6.6%
CALY
PTON
Free cash flow
FY17
CALY $91.5M
PTON β
FY18
CALY $55.5M
PTON $21.7M
FY19
CALY $31.9M
PTON β$192M
FY20
CALY $189M
PTON $223M
FY21
CALY β$44.0M
PTON β$481M
FY22
CALY β$567M
PTON β$2.4B
FY23
CALY $315M
PTON β$470M
FY24
CALY $333M
PTON β$85.8M
FY25
CALY $302M
PTON $324M
FY26
CALY β
PTON $378M
CALY
PTON
Return on capital
FY17
CALY 9.0%
PTON β
FY18
CALY 16.3%
PTON β
FY19
CALY 12.3%
PTON β
FY20
CALY β7.9%
PTON β
FY21
CALY 6.8%
PTON β33.0%
FY22
CALY 5.3%
PTON β363.7%
FY23
CALY 2.9%
PTON β
FY24
CALY 3.0%
PTON β
FY25
CALY 2.1%
PTON β
FY26
CALY β
PTON β
CALY
PTON
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.