AMZN
Amazon.com, Inc.
AMZN has the edge over FUN overall, supported by lower modeled downside and stronger valuation.
FUN
Six Flags Entertainment Corporation
FUN offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMZN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
AMZN's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
FUN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Healthy | |
| Weak |
FUN's cash flow is currently healthy, but its revenue, profitability and balance sheet are under pressure.
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's PE is in its cheap range at 22x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 27x.
FUN PE Valuation
FUN has no meaningful PE right now: it lost money over the past year.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
AMZN has the edge over FUN on the outlook, with more favorable revenue expectations.
FUN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect FUN's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
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 stronger earnings trend. Trailing diluted EPS is up 75% for AMZN versus FUN down 1,509%.
FUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$0.65 | -123% |
| Q2 2024 | $2.46 | -46% |
| Q1 2024 | $2.42 | -45% |
| Q4 2023 | $2.44 | -55% |
| Q3 2023 | $2.88 | -39% |
| Q2 2023 | $4.53 | +212% |
| Q1 2023 | $4.38 | +$4.86 |
| Q4 2022 | $5.43 | +$6.30 |
FUN lost $9.16 per share over the past year, a bigger loss than the year before.
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 FUN 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 has the edge over FUN on profitability, with a higher operating margin.
FUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -11% |
| Q2 2026 | $864.9M | -7% |
| Q1 2026 | $225.6M | +12% |
| Q4 2025 | $650.1M | -5.4% |
| Q3 2025 | $1.3B | -2.3% |
| Q2 2025 | $930.4M | +63% |
| Q1 2025 | $202.1M | +99% |
| Q4 2024 | $687.3M | +85% |
FUN's revenue is shrinking: $1.2B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +58 points |
| Q2 2026 | 10% | +2.2 points |
| Q1 2026 | -138% | +21 points |
| Q4 2025 | -3.8% | -11 points |
| Q3 2025 | -84% | -103 points |
| Q2 2025 | 8% | -14 points |
| Q1 2025 | -159% | -35 points |
| Q4 2024 | 7.4% | -0.3 points |
FUN's operating margin was −26% last quarter, up 58 points from the same quarter a year ago.
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.
FUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $254M | -0.8% |
| Q2 2026 | $140.3M | +645% |
| Q1 2026 | -$137.1M | +$180.8M |
| Q4 2025 | -$109.3M | +$16.5M |
| Q3 2025 | $256.2M | +13% |
| Q1 2025 | -$318M | -$150.3M |
| Q4 2024 | -$125.8M | -$70.6M |
| Q3 2024 | $227.7M | -16% |
FUN has the edge over AMZN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 the edge over FUN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $3.3B |
FUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +137K shares |
| 1 year | +1% | +984K shares |
| 3 years | +98% | +50.5M shares |
| 5 years | +80% | +45.2M shares |
| Available history | +80% | +45.2M shares |
FUN has 102M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | $2.7M |
| Q3 2023 | $12M |
| Q2 2023 | $7.6M |
| Q1 2023 | $54.9M |
| Q4 2022 | $120.7M |
| Q3 2022 | $63.9M |
| Q2 2022 | $12,000 |
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.
FUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 9.3x | High |
| Q1 2025 | 9.9x | High |
| Q4 2024 | 7.8x | High |
| Q3 2024 | 8.9x | High |
| Q2 2024 | 4.7x | High |
| Q1 2024 | 5.3x | High |
| Q4 2023 | 4.9x | High |
| Q3 2023 | 4.6x | High |
FUN's net debt is about 9.3 years of its operating earnings (EBITDA), up from 4.7 years a year ago.
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).
FUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 25.9 | Neutral |
FUN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
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.
FUN PE vs Consumer Cyclical Sector
| Metric | FUN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FUN has no meaningful PE right now: it lost money over the past year.
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 has the edge over FUN on trend strength, trading above more of its moving averages.
FUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.86 | 13% above |
| 20 week MA | $13.9 | 20% below |
| 50 week MA | $16.5 | 32% below |
| 100 week MA | $24.3 | 54% below |
| 200 week MA | $33.2 | 66% below |
FUN has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 66% below its 200-week average.
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 FUN on returns for 2026, with the stronger performance.
FUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.7 | $39.1 | -30% |
| 2021 | $39.1 | $50.0 | +28% |
| 2022 | $50.0 | $39.9 | -20% |
| 2023 | $39.9 | $39.8 | -0.3% |
| 2024 | $39.8 | $49.1 | +23% |
| 2025 | $49.1 | $14.9 | -70% |
| 2026 YTD | $14.9 | $11.2 | -25% |
FUN has finished lower in four of the last six years. It's down 25% so far in 2026.