AMZN
Amazon.com, Inc.
AMZN has the edge over PENN overall, supported by stronger valuation and stronger modeled upside.
PENN
PENN Entertainment, Inc.
PENN 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.
PENN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
PENN's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
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 PENN in the historical PE scenario, which offers more potential upside but is not a forecast.
PENN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $0.65 | -96% |
| Forward | 11x | $17.53 | — |
| Fair | 22x | $2.25 | -87% |
| Expensive | 29x | $2.94 | -83% |
| Current | 175x | $17.53 | — |
Historical ranges are pointers, not guarantees.
PENN's PE is in its expensive range at 175x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AMZN, with profitability improving.
PENN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
PENN has the edge over AMZN on the outlook, with more favorable valuation expectations.
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 PENN on earnings, with more consistent year-over-year improvement.
PENN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.60 | +1503% |
| Q3 2026 | $0.10 | +$6.44 |
| Q2 2026 | -$6.17 | -$5.62 |
| Q1 2026 | -$6.53 | -$5.92 |
| Q4 2025 | -$5.83 | -$3.78 |
| Q3 2025 | -$6.34 | -$3.21 |
| Q2 2025 | -$0.55 | +$7.14 |
| Q1 2025 | -$0.61 | +$6.42 |
| Q4 2024 | -$2.05 | +$1.17 |
PENN has returned to profit: it earned $0.10 per share over the past year, after losing money 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 PENN on sales, with stronger typical year-over-year growth.
| 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 PENN on profitability, with a higher operating margin.
PENN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +7.1% |
| Q2 2026 | $1.9B | +5.2% |
| Q1 2026 | $1.8B | +6.4% |
| Q4 2025 | $1.8B | +8.2% |
| Q3 2025 | $1.7B | +4.8% |
| Q2 2025 | $1.8B | +6.1% |
| Q1 2025 | $1.7B | +4.1% |
| Q4 2024 | $1.7B | +20% |
PENN's revenue has grown year over year for nine quarters in a row: $1.8B last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.9% | +52 points |
| Q2 2026 | 7.1% | +2.7 points |
| Q1 2026 | 5.5% | +2.9 points |
| Q4 2025 | -1% | +1.9 points |
| Q3 2025 | -45% | -49 points |
| Q2 2025 | 4.4% | -0.1 points |
| Q1 2025 | 2.6% | +3.9 points |
| Q4 2024 | -2.9% | +19 points |
PENN's operating margin was 6.9% last quarter, up 52 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.
PENN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $204.1M | +2389% |
| Q2 2026 | $143.3M | +662% |
| Q1 2026 | $27.8M | +$111.1M |
| Q4 2025 | -$83.2M | +$34.9M |
| Q3 2025 | $8.2M | -81% |
| Q2 2025 | $18.8M | -70% |
| Q1 2025 | -$83.3M | +$26.8M |
| Q4 2024 | -$118.1M | +$118.9M |
PENN 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 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 |
PENN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -1.7M shares |
| 1 year | -5.6% | -8.1M shares |
| 3 years | -10% | -15.5M shares |
| 5 years | -22% | -37.3M shares |
| Available history | +15% | +17.6M shares |
PENN has the edge over AMZN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $85M |
| Q3 2025 | $154.1M |
| Q2 2025 | $90.3M |
| Q1 2025 | $25M |
| Q4 2024 | — |
PENN spent $85M buying back its own shares over the past year, down 68% from the year before.
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 has the edge over PENN on leverage, with a lower net debt burden relative to earnings.
PENN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 4.1x | High |
| Q3 2024 | 7.7x | High |
| Q3 2023 | 4.3x | High |
| Q2 2023 | 1.2x | Healthy |
| Q1 2023 | 1.0x | Healthy |
PENN's net debt is about 2.1 years of its operating earnings (EBITDA), down from 7.7 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).
PENN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 44.0 | Neutral |
PENN's weekly RSI is 52 (neutral) and its Stochastic is 44 (neutral).
AMZN PE vs Consumer Cyclical Sector
| Metric | AMZN | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 20% above |
| PE % | 4 | 47 | 43 pts below |
AMZN has the edge over PENN on valuation relative to its sector.
PENN PE vs Consumer Cyclical Sector
| Metric | PENN | Sector median | Relative |
|---|---|---|---|
| PE | 175x | 18x | 873% above |
| PE % | 100 | 47 | 53 pts above |
PENN is trading at 175x earnings, a 873% premium to the Consumer Cyclical sector's median of 18x.
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 PENN on trend strength, trading above more of its moving averages.
PENN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.8 | 11% above |
| 20 week MA | $17.8 | 1.6% below |
| 50 week MA | $16.6 | 5.8% above |
| 100 week MA | $17.1 | 2.4% above |
| 200 week MA | $19.8 | 12% below |
PENN's trend is mixed: it's above three of its five weekly moving averages, and 12% 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 finished higher in five of the last six years, two of them by more than 50%. It's up 15% so far in 2026.
PENN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $94.7 | +268% |
| 2021 | $94.7 | $51.4 | -46% |
| 2022 | $51.4 | $30.5 | -41% |
| 2023 | $30.5 | $26.0 | -15% |
| 2024 | $26.0 | $18.7 | -28% |
| 2025 | $18.7 | $15.1 | -19% |
| 2026 YTD | $15.1 | $17.5 | +16% |
PENN has the edge over AMZN on returns for 2026, with the stronger performance.