AS
Amer Sports, Inc.
AS has the edge over BABA overall, supported by stronger fundamentals and stronger valuation.
BABA
Alibaba Group Holding Limited
BABA's outlook is improving, though it still trails on the overall score.
AS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
AS's revenue, profitability, cash flow and balance sheet are all currently healthy.
BABA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Healthy |
BABA's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are under pressure.
AS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $30.19 | — |
| Current | 31x | $30.19 | — |
| Cheap | 41x | $39.35 | +30% |
| Fair | 68x | $65.43 | +117% |
| Expensive | 102x | $98.18 | +225% |
Historical ranges are pointers, not guarantees.
AS has the edge over BABA in the historical PE scenario, which offers more potential upside but is not a forecast.
BABA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $69.66 | -26% |
| Fair | 20x | $86.59 | -8.2% |
| Current | 21x | $94.36 | — |
| Expensive | 26x | $115 | +22% |
Historical ranges are pointers, not guarantees.
BABA's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.
AS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for AS, with profitability improving.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for BABA, with profitability improving. However, they disagree widely on these estimates.
AS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.54 | +61% |
| Q2 2026 | $0.96 | +134% |
| Q1 2026 | $0.81 | +119% |
| Q4 2025 | $0.76 | +443% |
| Q3 2025 | $0.55 | +$0.62 |
| Q2 2025 | $0.41 | +$0.66 |
| Q1 2025 | $0.37 | +$0.81 |
| Q4 2024 | $0.14 | +$0.55 |
| Q3 2024 | -$0.07 | +$0.46 |
AS has the edge over BABA on earnings, with more consistent year-over-year improvement.
BABA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.42 | -52% |
| Q1 2026 | $6.57 | -18% |
| Q4 2025 | $5.79 | -22% |
| Q3 2025 | $7.85 | +49% |
| Q2 2025 | $9.27 | +116% |
| Q1 2025 | $8.06 | +71% |
| Q4 2024 | $7.47 | +24% |
| Q3 2024 | $5.26 | -35% |
BABA's earnings per share have fallen from their peak: $4.42 over the past year, against $9.27 in mid-2025. Its recent earnings include one-off gains.
AS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.6B | +32% |
| Q1 2026 | $1.9B | +32% |
| Q4 2025 | $2.1B | +28% |
| Q3 2025 | $1.8B | +30% |
| Q2 2025 | $1.2B | +23% |
| Q1 2025 | $1.5B | +23% |
| Q4 2024 | $1.6B | +24% |
| Q3 2024 | $1.4B | +17% |
AS has the edge over BABA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 10% | +6.9 points |
| Q1 2026 | 16% | +1.6 points |
| Q4 2025 | 11% | -1 points |
| Q3 2025 | 12% | -0.8 points |
| Q2 2025 | 3.5% | +4.4 points |
| Q1 2025 | 15% | +5.4 points |
| Q4 2024 | 12% | +7.3 points |
| Q3 2024 | 13% | +4 points |
AS has the edge over BABA on profitability, with a higher operating margin.
BABA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.2B | +8.3% |
| Q1 2026 | $36.5B | +2.9% |
| Q4 2025 | $42.7B | +1.7% |
| Q3 2025 | $37.2B | +4.8% |
| Q2 2025 | $37.2B | +1.8% |
| Q1 2025 | $35.5B | +6.6% |
| Q4 2024 | $42B | +7.6% |
| Q3 2024 | $35.5B | +5.2% |
BABA's revenue has grown year over year for 16 quarters in a row: $40.2B last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.2% | -6.9 points |
| Q1 2026 | -0.3% | -12 points |
| Q4 2025 | 7.1% | -7.6 points |
| Q3 2025 | 2.2% | -13 points |
| Q2 2025 | 14% | -0.7 points |
| Q1 2025 | 12% | +5.4 points |
| Q4 2024 | 15% | +6.1 points |
| Q3 2024 | 15% | 0 points |
BABA's operating margin was 7.2% last quarter, down 6.9 points from the same quarter a year ago.
AS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $103.6M | +$204.4M |
| Q1 2026 | $93.9M | -23% |
| Q4 2025 | $550.7M | +65% |
| Q3 2025 | -$59.2M | +$40.6M |
| Q2 2025 | -$100.8M | -$5.1M |
| Q1 2025 | $122.6M | +128% |
| Q4 2024 | $334.7M | +31% |
| Q3 2024 | -$99.8M | -$26.1M |
AS has the edge over BABA on cash generation, producing positive trailing cash flow while its opponent burns cash.
BABA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$6.7B | -$4.1B |
| Q1 2026 | -$2.7B | +$1.5B |
| Q4 2025 | $1B | -90% |
| Q3 2025 | -$3.2B | -254% |
| Q2 2025 | -$2.7B | -182% |
| Q1 2025 | -$4.2B | -12231% |
| Q4 2024 | $10.4B | -4.8% |
| Q3 2024 | $2.1B | -62% |
BABA's free cash flow has turned negative after years in the green: −$11.6B over the past year.
AS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.9% | +16.8M shares |
| 1 year | +5% | +28.3M shares |
| 3 years | +20% | +99.6M shares |
AS has 589M diluted shares, up 5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
BABA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +11.1M shares |
| 1 year | +0.9% | +21.4M shares |
| 3 years | -6.2% | -161M shares |
| 5 years | -12% | -339M shares |
| Available history | -8.4% | -221M shares |
BABA has the edge over AS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $269.8M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BABA spent $270M buying back its own shares over the past year, after none the year before.
AS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q2 2024 | 4.6x | High |
AS has the edge over BABA on leverage, with a lower net debt burden relative to earnings.
BABA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.1x | Very low |
| Q3 2024 | -0.2x | Net Cash |
BABA's net debt is less than a year of its operating earnings (EBITDA).
AS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.6 | Neutral |
| Stochastic | 37.4 | Neutral |
AS's weekly RSI is 47 (neutral) and its Stochastic is 37 (neutral).
BABA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 12.7 | Oversold |
BABA's weekly RSI is 38 (neutral) and its Stochastic is 13 (oversold).
AS PE vs Consumer Cyclical Sector
| Metric | AS | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 18x | 75% above |
| PE % | 3 | 25 | 22 pts below |
AS is trading at 31x earnings, a 75% premium to the Consumer Cyclical sector's median of 18x.
BABA PE vs Consumer Cyclical Sector
| Metric | BABA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 60 | 47 | 13 pts above |
BABA has the edge over AS on valuation relative to its sector.
AS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.1 | 3.9% above |
| 20 week MA | $31.3 | 3.5% below |
| 50 week MA | $34.1 | 12% below |
| 100 week MA | $33.3 | 9.3% below |
AS has stronger trend alignment. AS is above 1 of 4 weekly averages versus BABA above 0 of 5.
BABA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $104.7 | 9.9% below |
| 20 week MA | $111.1 | 15% below |
| 50 week MA | $128.0 | 26% below |
| 100 week MA | $127.7 | 26% below |
| 200 week MA | $106.4 | 11% below |
BABA is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
AS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $15.0 | $28.4 | +90% |
| 2025 | $28.4 | $38.4 | +35% |
| 2026 YTD | $38.4 | $30.2 | -21% |
AS has the edge over BABA on returns for 2026, with the stronger performance.
BABA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $215.5 | $222.0 | +3% |
| 2021 | $222.0 | $118.7 | -47% |
| 2022 | $118.7 | $85.7 | -28% |
| 2023 | $85.7 | $77.5 | -9.5% |
| 2024 | $77.5 | $85.1 | +9.7% |
| 2025 | $85.1 | $152.2 | +79% |
| 2026 YTD | $152.2 | $94.4 | -38% |
BABA has finished lower in three of the last six years. It's down 38% so far in 2026.