BABA
Alibaba Group Holding Limited
BABA has a slight edge over FUN overall, supported by lower modeled downside.
FUN
Six Flags Entertainment Corporation
FUN 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.
FUN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Healthy | |
| Weak |
FUN's cash flow is currently healthy, 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.
FUN PE Valuation
FUN 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 FUN on the outlook, with more favorable revenue expectations.
FUN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect FUN's losses to shrink, with revenue holding steady. 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 stronger earnings trend. Trailing diluted EPS is down 52% for BABA versus FUN down 1,509%.
FUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$0.65 | -123% |
| Q2 2024 | $2.46 | -46% |
| Q1 2024 | $2.42 | -45% |
| Q4 2023 | $2.44 | -55% |
| Q3 2023 | $2.88 | -39% |
| Q2 2023 | $4.53 | +212% |
| Q1 2023 | $4.38 | +$4.86 |
| Q4 2022 | $5.43 | +$6.30 |
FUN lost $9.16 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 FUN 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 FUN on profitability, with a higher operating margin.
FUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -11% |
| Q2 2026 | $864.9M | -7% |
| Q1 2026 | $225.6M | +12% |
| Q4 2025 | $650.1M | -5.4% |
| Q3 2025 | $1.3B | -2.3% |
| Q2 2025 | $930.4M | +63% |
| Q1 2025 | $202.1M | +99% |
| Q4 2024 | $687.3M | +85% |
FUN's revenue is shrinking: $1.2B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +58 points |
| Q2 2026 | 10% | +2.2 points |
| Q1 2026 | -138% | +21 points |
| Q4 2025 | -3.8% | -11 points |
| Q3 2025 | -84% | -103 points |
| Q2 2025 | 8% | -14 points |
| Q1 2025 | -159% | -35 points |
| Q4 2024 | 7.4% | -0.3 points |
FUN's operating margin was −26% last quarter, up 58 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.
FUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $254M | -0.8% |
| Q2 2026 | $140.3M | +645% |
| Q1 2026 | -$137.1M | +$180.8M |
| Q4 2025 | -$109.3M | +$16.5M |
| Q3 2025 | $256.2M | +13% |
| Q1 2025 | -$318M | -$150.3M |
| Q4 2024 | -$125.8M | -$70.6M |
| Q3 2024 | $227.7M | -16% |
FUN 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 the edge over FUN on shareholder dilution, with a more favorable share count trend.
| 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.
FUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +137K shares |
| 1 year | +1% | +984K shares |
| 3 years | +98% | +50.5M shares |
| 5 years | +80% | +45.2M shares |
| Available history | +80% | +45.2M shares |
FUN has 102M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | $2.7M |
| Q3 2023 | $12M |
| Q2 2023 | $7.6M |
| Q1 2023 | $54.9M |
| Q4 2022 | $120.7M |
| Q3 2022 | $63.9M |
| Q2 2022 | $12,000 |
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).
FUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 9.3x | High |
| Q1 2025 | 9.9x | High |
| Q4 2024 | 7.8x | High |
| Q3 2024 | 8.9x | High |
| Q2 2024 | 4.7x | High |
| Q1 2024 | 5.3x | High |
| Q4 2023 | 4.9x | High |
| Q3 2023 | 4.6x | High |
FUN's net debt is about 9.3 years of its operating earnings (EBITDA), up from 4.7 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).
FUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 25.9 | Neutral |
FUN's weekly RSI is 41 (neutral) and its Stochastic is 26 (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.
FUN PE vs Consumer Cyclical Sector
| Metric | FUN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FUN 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.
FUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.86 | 13% above |
| 20 week MA | $13.9 | 20% below |
| 50 week MA | $16.5 | 32% below |
| 100 week MA | $24.3 | 54% below |
| 200 week MA | $33.2 | 66% below |
FUN 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.
FUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.7 | $39.1 | -30% |
| 2021 | $39.1 | $50.0 | +28% |
| 2022 | $50.0 | $39.9 | -20% |
| 2023 | $39.9 | $39.8 | -0.3% |
| 2024 | $39.8 | $49.1 | +23% |
| 2025 | $49.1 | $14.9 | -70% |
| 2026 YTD | $14.9 | $11.2 | -25% |
FUN has the edge over BABA on returns for 2026, with the stronger performance.