Use FinRunbook to compare how Zoom, DocuSign, Shopify, Etsy and Peloton converted pandemic-era growth into subsequent operating performance from 2019 through 2025. Establish clearly dated pre-pandemic baselines and compare indexed revenue, gross margins, operating profitability, free cash flow, headcount and stock-based compensation where disclosed. Separate expansion, adjustment and subsequent performance, without assuming that every company followed the same trajectory. Account for acquisitions, divestitures, restructuring charges and fiscal-calendar differences. Assess which companies retained a larger business with stronger cash generation, and which conclusions remain uncertain. Produce an English interactive report with indexed historical charts, phase comparisons and a profitability-and-cash-conversion matrix. Cite material inputs and complete final validation.