BABA
Alibaba Group Holding Limited
BABA has the edge over DIN overall, supported by stronger valuation and stronger modeled upside.
DIN
Dine Brands Global, Inc.
DIN 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.
DIN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Weak |
DIN's revenue is currently healthy, and its profitability is stable, but its cash flow and balance sheet 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 has the edge over DIN in the historical PE scenario, which offers more potential upside but is not a forecast.
DIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.3x | $3.15 | -91% |
| Forward | 8x | $36.33 | — |
| Fair | 12x | $6.02 | -83% |
| Expensive | 19x | $9.56 | -74% |
| Current | 73x | $36.33 | — |
Historical ranges are pointers, not guarantees.
DIN's PE is in its expensive range at 73x. If earnings grow as analysts expect, today's price would be 8.0x next year's earnings, in its cheap range.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BABA has the edge over DIN on the outlook, with more favorable profitability expectations.
DIN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DIN, but weaker profitability.
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 DIN on earnings, with more consistent year-over-year improvement.
DIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.56 | +812% |
| Q3 2026 | $0.50 | -78% |
| Q2 2026 | $0.61 | -80% |
| Q1 2026 | $1.15 | -68% |
| Q4 2025 | $1.11 | -74% |
| Q3 2025 | $2.25 | -63% |
| Q2 2025 | $3.01 | -49% |
| Q1 2025 | $3.62 | -35% |
| Q4 2024 | $4.22 | -32% |
DIN's earnings per share have fallen from their peak: $0.50 over the past year, against $6.22 in late 2023.
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 DIN on profitability, with a higher operating margin.
DIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $248.9M | +15% |
| Q2 2026 | $240.9M | +4.4% |
| Q1 2026 | $225.2M | +4.9% |
| Q4 2025 | $217.6M | +6.3% |
| Q3 2025 | $216.2M | +11% |
| Q2 2025 | $230.8M | +12% |
| Q1 2025 | $214.8M | +4.1% |
| Q4 2024 | $204.8M | -0.7% |
DIN's revenue has grown year over year for seven quarters in a row: $249M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | -2 points |
| Q2 2026 | 2.5% | -5.7 points |
| Q1 2026 | 4.5% | -1.5 points |
| Q4 2025 | -7.6% | -11 points |
| Q3 2025 | 4.7% | -8.9 points |
| Q2 2025 | 8.2% | -6.9 points |
| Q1 2025 | 6% | -5.7 points |
| Q4 2024 | 3.8% | -8.9 points |
DIN's operating margin was 2.7% last quarter, down 2 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.
DIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.1M | -44% |
| Q2 2026 | $1.3M | -96% |
| Q1 2026 | -$4.6M | -136% |
| Q4 2025 | -$8.6M | -132% |
| Q3 2025 | $18.1M | -18% |
| Q2 2025 | $31M | +71% |
| Q1 2025 | $12.8M | -53% |
| Q4 2024 | $26.7M | -43% |
DIN's free cash flow has turned negative after years in the green: −$2M over the past year.
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.
DIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +100K shares |
| 1 year | -15% | -2.2M shares |
| 3 years | -20% | -3M shares |
| 5 years | -28% | -4.8M shares |
| Available history | -29% | -5M shares |
DIN has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.6M |
| Q2 2026 | $7.3M |
| Q1 2026 | $22M |
| Q4 2025 | $30.6M |
| Q3 2025 | $22.5M |
| Q2 2025 | $6M |
| Q1 2025 | $1.6M |
| Q4 2024 | $66,000 |
DIN spent $66M buying back its own shares over the past year, up 120% from the year before.
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 has the edge over DIN on leverage, with a lower net debt burden relative to earnings.
DIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 20.2x | High |
| Q2 2026 | 19.7x | High |
| Q1 2026 | 16.2x | High |
| Q4 2025 | 15.6x | High |
| Q3 2025 | 11.2x | High |
| Q2 2025 | 9.3x | High |
| Q1 2025 | 8.5x | High |
| Q4 2024 | 7.8x | High |
DIN's net debt is more than 20 years of its operating earnings (EBITDA), up from 11 years a year ago.
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).
DIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.4 | Neutral |
| Stochastic | 83.1 | Overbought |
DIN's weekly RSI is 60 (neutral) and its Stochastic is 83 (overbought).
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 DIN on valuation relative to its sector.
DIN PE vs Consumer Cyclical Sector
| Metric | DIN | Sector median | Relative |
|---|---|---|---|
| PE | 73x | 18x | 303% above |
| PE % | 100 | 47 | 53 pts above |
DIN is trading at 73x earnings, a 303% premium to the Consumer Cyclical sector's median of 18x.
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.
DIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.3 | 13% above |
| 20 week MA | $33.2 | 9.3% above |
| 50 week MA | $32.2 | 13% above |
| 100 week MA | $28.7 | 27% above |
| 200 week MA | $38.8 | 6.4% below |
DIN 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.
DIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $81.5 | $61.5 | -25% |
| 2021 | $61.5 | $82.1 | +33% |
| 2022 | $82.1 | $65.4 | -20% |
| 2023 | $65.4 | $49.7 | -24% |
| 2024 | $49.7 | $30.7 | -38% |
| 2025 | $30.7 | $34.1 | +11% |
| 2026 YTD | $34.1 | $36.3 | +6.5% |
DIN has the edge over BABA on returns for 2026, with the stronger performance.