BABA
Alibaba Group Holding Limited
BABA has the edge over FOXF overall, supported by lower modeled downside.
FOXF
Fox Factory Holding Corp.
FOXF 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.
FOXF Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Stable | |
| Under pressure |
FOXF's cash flow is currently stable, but its revenue, profitability 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's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.
FOXF PE Valuation
FOXF has no meaningful PE right now: it lost money over the past year.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BABA has the edge over FOXF on the outlook, with more favorable revenue expectations.
FOXF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Decline | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect FOXF's earnings to grow and its profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.
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 FOXF on earnings quality, reporting a profit while its opponent remains loss making.
FOXF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.18 | — |
| Q3 2026 | -$9.72 | -$3.54 |
| Q2 2026 | -$7.13 | -$1.08 |
| Q1 2026 | -$7.16 | -$1.17 |
| Q4 2025 | -$13.03 | -8244% |
| Q3 2025 | -$6.18 | -2477% |
| Q2 2025 | -$6.05 | -717% |
| Q1 2025 | -$5.99 | -435% |
| Q4 2024 | $0.16 | -94% |
FOXF lost $9.72 per share over the past year, a bigger loss than 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 has the edge over FOXF on sales, with more consistent year-over-year improvement.
| 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 FOXF on profitability, with a higher operating margin.
FOXF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $338.4M | -10% |
| Q2 2026 | $358.1M | -4.5% |
| Q1 2026 | $368.7M | +3.8% |
| Q4 2025 | $361.1M | +2.3% |
| Q3 2025 | $376.4M | +4.8% |
| Q2 2025 | $374.9M | +7.6% |
| Q1 2025 | $355M | +6.5% |
| Q4 2024 | $352.8M | +6.1% |
FOXF's revenue fell from its 2022 peak and has held roughly level since: $338M last quarter, down 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -29% | -33 points |
| Q2 2026 | 4.9% | -0.1 points |
| Q1 2026 | 1.6% | +72 points |
| Q4 2025 | -85% | -88 points |
| Q3 2025 | 4% | -1.2 points |
| Q2 2025 | 4.9% | -0.4 points |
| Q1 2025 | -71% | -73 points |
| Q4 2024 | 3.2% | -0.1 points |
FOXF's operating margin was −29% last quarter, down 33 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
FOXF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56.9M | +$59.4M |
| Q2 2026 | $25.1M | +2.3% |
| Q1 2026 | -$21.5M | -$15M |
| Q4 2025 | $11.4M | -84% |
| Q3 2025 | -$2.5M | -177% |
| Q2 2025 | $24.6M | +59% |
| Q1 2025 | -$6.5M | -$5.9M |
| Q4 2024 | $69.8M | +87% |
FOXF has the edge over BABA on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
FOXF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -235K shares |
| 1 year | +0.5% | +224K shares |
| 3 years | -1.1% | -470K shares |
| 5 years | -0.8% | -323K shares |
| Available history | +7.4% | +2.9M shares |
FOXF has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $25M |
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).
FOXF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 3.4x | Elevated |
| Q3 2024 | 3.5x | Elevated |
| Q2 2024 | 3.2x | Elevated |
| Q1 2024 | 1.7x | Healthy |
| Q4 2023 | 1.3x | Healthy |
| Q3 2023 | 0.4x | Very low |
| Q2 2023 | 0.8x | Very low |
| Q1 2023 | 0.9x | Very low |
FOXF's net debt is about 3.4 years of its operating earnings (EBITDA), up from 1.3 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).
FOXF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.5 | Neutral |
| Stochastic | 34.3 | Neutral |
FOXF's weekly RSI is 47 (neutral) and its Stochastic is 34 (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.
FOXF PE vs Consumer Cyclical Sector
| Metric | FOXF | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FOXF 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.
FOXF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.2 | 0.8% above |
| 20 week MA | $18.6 | 6.7% below |
| 50 week MA | $18.0 | 3.8% below |
| 100 week MA | $21.6 | 20% below |
| 200 week MA | $46.8 | 63% below |
FOXF 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.
FOXF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $69.3 | $106.6 | +54% |
| 2021 | $106.6 | $163.7 | +54% |
| 2022 | $163.7 | $92.0 | -44% |
| 2023 | $92.0 | $67.5 | -27% |
| 2024 | $67.5 | $29.6 | -56% |
| 2025 | $29.6 | $17.7 | -40% |
| 2026 YTD | $17.7 | $17.3 | -2.4% |
FOXF has the edge over BABA on returns for 2026, with the stronger performance.