BABA
Alibaba Group Holding Limited
BABA has the edge over CPNG overall, supported by lower modeled downside.
CPNG
Coupang, Inc.
CPNG offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
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.
CPNG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
CPNG's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
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.
CPNG PE Valuation
CPNG has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 54x next year's earnings.
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.
CPNG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect CPNG to return to profit, with revenue growing.
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 has the edge over CPNG on earnings quality, reporting a profit while its opponent remains loss making.
CPNG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.28 | — |
| Q3 2026 | -$0.77 | -467% |
| Q2 2026 | -$0.44 | -320% |
| Q1 2026 | -$0.10 | -171% |
| Q4 2025 | $0.11 | +38% |
| Q3 2025 | $0.21 | -63% |
| Q2 2025 | $0.20 | -66% |
| Q1 2025 | $0.14 | -80% |
| Q4 2024 | $0.08 | -89% |
CPNG has swung to a loss: it lost $0.77 per share over the past year, after a profit the year before.
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 has the edge over CPNG on profitability, with a higher operating margin.
CPNG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10B | +7.5% |
| Q2 2026 | $8.9B | +3.9% |
| Q1 2026 | $8.5B | +7.5% |
| Q4 2025 | $8.8B | +11% |
| Q3 2025 | $9.3B | +18% |
| Q2 2025 | $8.5B | +16% |
| Q1 2025 | $7.9B | +11% |
| Q4 2024 | $8B | +21% |
CPNG has the edge over BABA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.5% | -6.3 points |
| Q2 2026 | -6.3% | -8 points |
| Q1 2026 | -2.9% | -4.8 points |
| Q4 2025 | 0.1% | -3.8 points |
| Q3 2025 | 1.8% | +0.4 points |
| Q2 2025 | 1.8% | +2.1 points |
| Q1 2025 | 1.9% | +1.4 points |
| Q4 2024 | 3.9% | +1.9 points |
CPNG's operating margin was −4.5% last quarter, down 6.3 points from the same quarter a year ago.
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.
CPNG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$72M | -116% |
| Q2 2026 | $50M | -80% |
| Q1 2026 | -$112M | -197% |
| Q4 2025 | -$278M | -160% |
| Q3 2025 | $439M | +$485M |
| Q2 2025 | $246M | -49% |
| Q1 2025 | $115M | +9.5% |
| Q4 2024 | $462M | +23% |
CPNG has the edge over BABA on cash flow, with more consistent year-over-year improvement.
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.
CPNG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -4M shares |
| 1 year | -3.7% | -69M shares |
| 3 years | -0.7% | -13.3M shares |
| 5 years | +2.7% | +47.7M shares |
| Available history | +12% | +195M shares |
CPNG has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $201M |
| Q2 2026 | $459M |
| Q1 2026 | $391M |
| Q4 2025 | $162M |
| Q3 2025 | $81M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2021 | — |
CPNG spent $1.2B buying back its own shares over the past year.
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).
CPNG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -6.5x | Net Cash |
| Q4 2025 | -4.8x | Net Cash |
| Q3 2025 | -4.6x | Net Cash |
| Q2 2025 | -4.9x | Net Cash |
| Q1 2025 | -5.5x | Net Cash |
| Q4 2024 | -5.1x | Net Cash |
| Q3 2024 | -8.4x | Net Cash |
| Q2 2024 | -8.7x | Net Cash |
CPNG has the edge over BABA on leverage, with a lower net debt burden relative to earnings.
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).
CPNG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 49.2 | Neutral |
CPNG's weekly RSI is 46 (neutral) and its Stochastic is 49 (neutral).
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.
CPNG PE vs Consumer Cyclical Sector
| Metric | CPNG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CPNG has no meaningful PE right now: it lost money over the past year.
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.
CPNG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.7 | 4% above |
| 20 week MA | $15.7 | 2.4% below |
| 50 week MA | $18.1 | 15% below |
| 100 week MA | $22.4 | 32% below |
| 200 week MA | $20.7 | 26% below |
CPNG has the edge over BABA on trend strength, trading above more of its moving averages.
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.
CPNG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $48.5 | $30.2 | -38% |
| 2022 | $30.2 | $15.1 | -50% |
| 2023 | $15.1 | $16.2 | +7% |
| 2024 | $16.2 | $22.5 | +39% |
| 2025 | $22.5 | $24.3 | +7.8% |
| 2026 YTD | $24.3 | $15.3 | -37% |
CPNG has the edge over BABA on returns for 2026, with the stronger performance.