ATAT
Atour Lifestyle Holdings Limited
ATAT has the edge over BABA overall, supported by stronger fundamentals and lower modeled downside.
BABA
Alibaba Group Holding Limited
BABA offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
ATAT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
ATAT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
ATAT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $36.87 | — |
| Cheap | 18x | $37.84 | +2.6% |
| Fair | 25x | $53.81 | +46% |
| Expensive | 45x | $95.80 | +160% |
Historical ranges are pointers, not guarantees.
ATAT 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.
ATAT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ATAT, with profitability holding steady.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BABA has the edge over ATAT on the outlook, with more favorable profitability expectations.
ATAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.12 | +42% |
| Q1 2026 | $1.98 | +46% |
| Q4 2025 | $1.74 | +46% |
| Q3 2025 | $1.58 | +72% |
| Q2 2025 | $1.49 | +91% |
| Q1 2025 | $1.36 | +92% |
| Q4 2024 | $1.19 | +86% |
| Q3 2024 | $0.92 | +100% |
ATAT 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.
ATAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $522.3M | +41% |
| Q1 2026 | $421.9M | +48% |
| Q4 2025 | $418.4M | +34% |
| Q3 2025 | $394.4M | +38% |
| Q2 2025 | $370.5M | +37% |
| Q1 2025 | $286M | +30% |
| Q4 2024 | $312.8M | +38% |
| Q3 2024 | $284.9M | +47% |
ATAT has the edge over BABA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 21% | -3.3 points |
| Q1 2026 | 24% | +4.9 points |
| Q4 2025 | 25% | +5.4 points |
| Q3 2025 | 25% | -1.1 points |
| Q2 2025 | 24% | +2.4 points |
| Q1 2025 | 19% | -3.5 points |
| Q4 2024 | 20% | +5.6 points |
| Q3 2024 | 26% | -0.4 points |
ATAT 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.
ATAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $123.4M | +12% |
| Q1 2026 | $43M | +$45.6M |
| Q4 2025 | $85.2M | -0.9% |
| Q3 2025 | $90.8M | +48% |
| Q2 2025 | $110.7M | +33% |
| Q1 2025 | -$2.6M | -113% |
| Q4 2024 | $86M | +3.4% |
| Q3 2024 | $61.3M | -24% |
ATAT 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.
ATAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.8M shares |
| 1 year | -2.2% | -3.1M shares |
| 3 years | -1% | -1.4M shares |
| 5 years | +1.2% | +1.7M shares |
| Available history | +8.9% | +11.2M shares |
ATAT has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $54M |
| Q1 2026 | $58.6M |
| Q4 2025 | $35.7M |
| Q3 2025 | $12.8M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ATAT spent $161M buying back its own shares over the past year, after none the year before.
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 2.4B diluted shares, up 0.9% from a year ago.
| 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.
ATAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.7x | Net Cash |
ATAT 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).
ATAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.6 | Neutral |
| Stochastic | 68.9 | Neutral |
ATAT's weekly RSI is 60 (neutral) and its Stochastic is 69 (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).
ATAT PE vs Consumer Cyclical Sector
| Metric | ATAT | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 3.5% below |
| PE % | 11 | 46 | 35 pts below |
ATAT has the edge over BABA on valuation relative to its sector.
BABA PE vs Consumer Cyclical Sector
| Metric | BABA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 60 | 47 | 13 pts above |
BABA is trading at 21x earnings, a 19% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
ATAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.5 | 10% above |
| 20 week MA | $33.5 | 10% above |
| 50 week MA | $35.8 | 2.9% above |
| 100 week MA | $34.1 | 8.3% above |
| 200 week MA | $27.1 | 36% above |
ATAT has the edge over BABA on trend strength, trading above more of its moving averages.
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.
ATAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $12.9 | $18.5 | +44% |
| 2023 | $18.5 | $17.4 | -6.2% |
| 2024 | $17.4 | $27.0 | +56% |
| 2025 | $27.0 | $41.7 | +55% |
| 2026 YTD | $41.7 | $36.9 | -12% |
ATAT 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.