ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SAP
SAP SE
SAP has the edge over ASTS overall, supported by lower modeled downside and stronger fundamentals.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
SAP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
SAP's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
SAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $185 | -21% |
| Current | 31x | $234 | — |
| Fair | 35x | $262 | +12% |
| Expensive | 65x | $489 | +109% |
Historical ranges are pointers, not guarantees.
SAP's PE is 31x, but its earnings don't support one, so it isn't a reliable read right now.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
SAP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SAP, with profitability improving. However, they disagree widely on these estimates.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
SAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.55 | +22% |
| Q1 2026 | $7.08 | +31% |
| Q4 2025 | $6.92 | +136% |
| Q3 2025 | $6.69 | +163% |
| Q2 2025 | $6.18 | +161% |
| Q1 2025 | $5.40 | +20% |
| Q4 2024 | $2.93 | -49% |
| Q3 2024 | $2.54 | -51% |
SAP has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS's revenue has grown year over year for 11 quarters in a row: $42M last quarter, up 187% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
SAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $11B | +9.4% |
| Q1 2026 | $10.6B | +6% |
| Q4 2025 | $10.8B | +3.3% |
| Q3 2025 | $10.1B | +7.2% |
| Q2 2025 | $10B | +8.9% |
| Q1 2025 | $10B | +12% |
| Q4 2024 | $10.4B | +11% |
| Q3 2024 | $9.4B | +9.4% |
SAP's revenue has grown year over year for 20 quarters in a row: $11B last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | -0.6 points |
| Q1 2026 | 29% | +2.9 points |
| Q4 2025 | 24% | +2.7 points |
| Q3 2025 | 27% | +1.1 points |
| Q2 2025 | 27% | +13 points |
| Q1 2025 | 26% | +16 points |
| Q4 2024 | 22% | -0.9 points |
| Q3 2024 | 26% | +3.9 points |
SAP has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
SAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.4B | +27% |
| Q1 2026 | $3.6B | -9.4% |
| Q4 2025 | $1.2B | +$2.2B |
| Q3 2025 | $1.4B | +4.9% |
| Q2 2025 | $2.7B | +75% |
| Q1 2025 | $4B | +34% |
| Q4 2024 | -$909.8M | -146% |
| Q3 2024 | $1.4B | +32% |
SAP has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
SAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -10M shares |
| 1 year | -1.3% | -14.9M shares |
| 3 years | -1.9% | -22M shares |
| 5 years | -1.9% | -22M shares |
| Available history | -3% | -36M shares |
SAP has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $356.6M |
| Q1 2026 | $2.5B |
| Q4 2025 | — |
| Q3 2025 | $337.7M |
| Q2 2025 | $1.7B |
| Q1 2025 | $138.9M |
| Q4 2024 | $534.3M |
| Q3 2024 | $722.1M |
SAP spent $3.2B buying back its own shares over the past year, up 5.1% from the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | -1.5x | Net Cash |
SAP has more cash than debt.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
SAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 81.0 | Overbought |
SAP's weekly RSI is 65 (neutral) and its Stochastic is 81 (overbought).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
SAP PE vs Technology Sector
| Metric | SAP | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 28x | 11% above |
| PE % | 43 | 35 | 8 pts above |
SAP is trading at 31x earnings, a 11% premium to the Technology sector's median of 28x, though its earnings don't support one.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
SAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $224.9 | 4.1% above |
| 20 week MA | $205.4 | 14% above |
| 50 week MA | $200.1 | 17% above |
| 100 week MA | $237.1 | 1.3% below |
| 200 week MA | $202.8 | 15% above |
SAP has the edge over ASTS on trend strength, trading above more of its moving averages.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
SAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $135.0 | $126.1 | -6.6% |
| 2021 | $126.1 | $140.1 | +11% |
| 2022 | $140.1 | $103.5 | -26% |
| 2023 | $103.5 | $154.6 | +49% |
| 2024 | $154.6 | $250.2 | +62% |
| 2025 | $250.2 | $246.6 | -1.4% |
| 2026 YTD | $246.6 | $234.1 | -5.1% |
SAP has the edge over ASTS on returns for 2026, with the stronger performance.