AEO
American Eagle Outfitters, Inc.
AEO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMZN
Amazon.com, Inc.
AMZN has a slight edge over AEO overall, supported by stronger modeled upside and lower modeled downside.
AEO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
AEO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
AMZN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
AMZN's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
AEO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.9x | $17.27 | -20% |
| Forward | 10x | $21.67 | — |
| Current | 11x | $21.67 | — |
| Fair | 15x | $29.33 | +35% |
| Expensive | 22x | $42.36 | +95% |
Historical ranges are pointers, not guarantees.
AEO's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
AMZN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $267 | — |
| Forward | 27x | $267 | — |
| Cheap | 34x | $415 | +55% |
| Fair | 60x | $745 | +179% |
| Expensive | 102x | $1,262 | +372% |
Historical ranges are pointers, not guarantees.
AMZN has the edge over AEO in the historical PE scenario, which offers more potential upside but is not a forecast.
AEO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect AEO's earnings to grow and its profitability to improve, with its revenue holding steady.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AMZN, with profitability improving.
AEO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.13 | +11% |
| Q3 2026 | $1.93 | +86% |
| Q2 2026 | $1.59 | +62% |
| Q1 2026 | $1.09 | -35% |
| Q4 2025 | $1.16 | -0.9% |
| Q3 2025 | $1.04 | -17% |
| Q2 2025 | $0.98 | -12% |
| Q1 2025 | $1.68 | +95% |
| Q4 2024 | $1.17 | +3.5% |
AEO earned $1.93 per share over the past year, up 86% from the year before.
AMZN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.87 | -20% |
| Q3 2026 | $12.37 | +75% |
| Q2 2026 | $12.43 | +89% |
| Q1 2026 | $8.36 | +36% |
| Q4 2025 | $7.17 | +30% |
| Q3 2025 | $7.08 | +52% |
| Q2 2025 | $6.56 | +57% |
| Q1 2025 | $6.14 | +72% |
| Q4 2024 | $5.53 | +91% |
AMZN has the edge over AEO on earnings, with more consistent year-over-year improvement.
AEO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +7.5% |
| Q2 2026 | $1.2B | +9.7% |
| Q1 2026 | $1.8B | +13% |
| Q4 2025 | $1.4B | +5.7% |
| Q3 2025 | $1.3B | -0.6% |
| Q2 2025 | $1.1B | -4.7% |
| Q1 2025 | $1.6B | -4.4% |
| Q4 2024 | $1.3B | -0.9% |
AEO's revenue has grown year over year for four quarters in a row: $1.4B last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +7.3 points |
| Q2 2026 | 2.4% | +10 points |
| Q1 2026 | 5.3% | -3.6 points |
| Q4 2025 | 8.3% | 0 points |
| Q3 2025 | 8% | +0.2 points |
| Q2 2025 | -7.8% | -15 points |
| Q1 2025 | 8.9% | +8.3 points |
| Q4 2024 | 8.2% | -1.4 points |
AEO has the edge over AMZN on profitability, with a higher operating margin.
AMZN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9B | +12% |
| Q2 2026 | $200.6B | +20% |
| Q1 2026 | $181.5B | +17% |
| Q4 2025 | $213.4B | +14% |
| Q3 2025 | $180.2B | +13% |
| Q2 2025 | $167.7B | +13% |
| Q1 2025 | $155.7B | +8.6% |
| Q4 2024 | $187.8B | +10% |
AMZN has the edge over AEO on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +4.2 points |
| Q2 2026 | 14% | +2.3 points |
| Q1 2026 | 13% | +1.3 points |
| Q4 2025 | 12% | +0.4 points |
| Q3 2025 | 9.7% | -1.3 points |
| Q2 2025 | 11% | +1.5 points |
| Q1 2025 | 12% | +1.1 points |
| Q4 2024 | 11% | +3.5 points |
AMZN's operating margin was 14% last quarter, up 4.2 points from the same quarter a year ago, near the top of its range since 2019.
AEO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $115.3M | +$158.5M |
| Q2 2026 | -$126.6M | -$10.4M |
| Q1 2026 | $357.3M | +12% |
| Q4 2025 | -$2.5M | +$5.3M |
| Q3 2025 | -$43.1M | -346% |
| Q2 2025 | -$116.3M | -$42M |
| Q1 2025 | $318.9M | +24% |
| Q4 2024 | -$7.8M | -108% |
AEO has the edge over AMZN on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMZN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$34.8B | -8202% |
| Q2 2026 | -$8.8B | -2757% |
| Q1 2026 | -$18.2B | -$10.2B |
| Q4 2025 | $14.9B | -16% |
| Q3 2025 | $430M | -87% |
| Q2 2025 | $332M | -96% |
| Q1 2025 | -$8B | -297% |
| Q4 2024 | $17.8B | -36% |
AMZN's free cash flow was −$46.9B over the past year, against $10.6B the year before.
AEO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -2.2M shares |
| 1 year | -0.9% | -1.5M shares |
| 3 years | -14% | -27M shares |
| 5 years | -18% | -36.4M shares |
| Available history | +0.9% | +1.5M shares |
AEO has the edge over AMZN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $53.5M |
| Q1 2026 | $25.6M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $31.3M |
| Q1 2025 | $60M |
| Q4 2024 | — |
AEO spent $79M buying back its own shares over the past year, down 13% from the year before.
AMZN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +26M shares |
| 1 year | +0.8% | +84M shares |
| 3 years | +3.5% | +371M shares |
| 5 years | +6.1% | +629M shares |
| Available history | +8.2% | +829M shares |
AMZN has 10.9B diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $3.3B |
AEO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
AEO has the edge over AMZN on leverage, with a lower net debt burden relative to earnings.
AMZN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
AMZN's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
AEO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.7 | Neutral |
| Stochastic | 85.9 | Overbought |
AEO's weekly RSI is 66 (neutral) and its Stochastic is 86 (overbought).
AMZN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 50.0 | Neutral |
AMZN's weekly RSI is 57 (neutral) and its Stochastic is 50 (neutral).
AEO PE vs Consumer Cyclical Sector
| Metric | AEO | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 18x | 38% below |
| PE % | 32 | 47 | 15 pts below |
AEO has the edge over AMZN on valuation relative to its sector.
AMZN PE vs Consumer Cyclical Sector
| Metric | AMZN | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 20% above |
| PE % | 4 | 47 | 43 pts below |
AMZN is trading at 22x earnings, a 20% premium to the Consumer Cyclical sector's median of 18x, though its recent earnings include one-off gains.
AEO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.7 | 16% above |
| 20 week MA | $17.4 | 24% above |
| 50 week MA | $19.4 | 12% above |
| 100 week MA | $16.6 | 30% above |
| 200 week MA | $17.4 | 24% above |
AEO has climbed back above all five of its weekly moving averages, and it's now 24% above its 200-week average.
AMZN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $253.6 | 5.5% above |
| 20 week MA | $254.9 | 4.9% above |
| 50 week MA | $242.5 | 10% above |
| 100 week MA | $229.6 | 17% above |
| 200 week MA | $191.4 | 40% above |
AMZN is in an uptrend: it's above all five of its weekly moving averages, and 40% above its 200-week average.
AEO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.5 | $19.8 | +37% |
| 2021 | $19.8 | $23.3 | +17% |
| 2022 | $23.3 | $14.6 | -37% |
| 2023 | $14.6 | $21.2 | +45% |
| 2024 | $21.2 | $16.5 | -22% |
| 2025 | $16.5 | $26.4 | +60% |
| 2026 YTD | $26.4 | $21.7 | -18% |
AEO has finished higher in four of the last six years. It's down 18% so far in 2026.
AMZN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $93.5 | $158.6 | +70% |
| 2021 | $158.6 | $171.1 | +7.8% |
| 2022 | $171.1 | $85.3 | -50% |
| 2023 | $85.3 | $151.9 | +78% |
| 2024 | $151.9 | $223.8 | +47% |
| 2025 | $223.8 | $232.5 | +3.9% |
| 2026 YTD | $232.5 | $267.4 | +15% |
AMZN has the edge over AEO on returns for 2026, with the stronger performance.