BABA
Alibaba Group Holding Limited
BABA has the edge over IPW overall, supported by lower modeled downside.
IPW
iPower Inc.
IPW offers stronger modeled upside, 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.
IPW Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Unavailable | |
| Strong |
IPW's balance sheet is currently strong, but its revenue and profitability are weak. There isn't enough data to rate its cash flow.
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.
IPW PE Valuation
IPW 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 IPW on the outlook, with more favorable revenue expectations.
IPW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IPW's earnings to grow and its profitability to improve, but its revenue to decline.
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 IPW on earnings quality, reporting a profit while its opponent remains loss making.
IPW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3,225.00 | — |
| Q2 2026 | -$7,524.36 | -$3,377.16 |
| Q1 2026 | -$6,022.08 | -$4,985.28 |
| Q4 2025 | -$4,224.96 | -$4,224.96 |
| Q3 2025 | -$3,032.64 | -$1,218.24 |
| Q2 2025 | -$4,147.20 | -$2,851.20 |
| Q1 2025 | -$1,036.80 | +$3,421.44 |
| Q4 2024 | $0.00 | +$6,557.76 |
| Q3 2024 | -$1,814.40 | +$6,039.36 |
IPW lost $7,524.36 per share over the past year, and its loss has widened in each of the last three quarters.
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 IPW 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 IPW on profitability, with a higher operating margin.
IPW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.4M | -88% |
| Q1 2026 | $3.5M | -79% |
| Q4 2025 | $7.1M | -63% |
| Q3 2025 | $12M | -37% |
| Q2 2025 | $11.5M | -41% |
| Q1 2025 | $16.6M | -29% |
| Q4 2024 | $19.1M | +14% |
| Q3 2024 | $19M | -28% |
IPW's revenue has slid since its 2023 peak: $1M last quarter, down 88% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -648% | -617 points |
| Q1 2026 | -33% | -31 points |
| Q4 2025 | -34% | -38 points |
| Q3 2025 | -14% | +0.3 points |
| Q2 2025 | -31% | -37 points |
| Q1 2025 | -1.6% | -8.5 points |
| Q4 2024 | 3.6% | +19 points |
| Q3 2024 | -14% | -9.7 points |
IPW's operating margin was −648% last quarter, down 617 points from the same quarter a year ago, near the bottom of its range since 2021.
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% |
IPW has the stronger cash trend. Its trailing FCF is up 1,037% versus its history, compared with BABA at down 158%.
IPW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$333.5K | -138% |
| Q4 2025 | -$922.6K | -3428% |
| Q3 2025 | $1.7M | +$3.1M |
| Q1 2025 | $887.7K | +736% |
| Q4 2024 | $27.7K | -97% |
| Q3 2024 | -$1.4M | -135% |
| Q2 2024 | $1M | +32% |
| Q1 2024 | $106.2K | -84% |
IPW's free cash flow has turned positive again: $1M over the past year, against −$269,581 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 the edge over IPW 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.
IPW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +32% | +407 shares |
| 1 year | +39% | +469 shares |
| 3 years | +47% | +536 shares |
IPW has 1,683 diluted shares, up 39% from a year ago.
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).
IPW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 0.7x | Very low |
| Q2 2022 | 4.1x | High |
| Q1 2022 | 2.1x | Moderate |
IPW's net debt is less than a year of its operating earnings (EBITDA).
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).
IPW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 21.5 | Oversold |
| Stochastic | 0.2 | Oversold |
IPW's weekly RSI is 22 (oversold) and its Stochastic is 0 (oversold).
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.
IPW PE vs Consumer Cyclical Sector
IPW 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.
IPW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.04 | 79% below |
| 20 week MA | $43.2 | 97% below |
| 50 week MA | $1,782.9 | 100% below |
| 100 week MA | $8,525.6 | 100% below |
| 200 week MA | $16,808.1 | 100% below |
IPW is in a downtrend: it's below all five of its weekly moving averages, and 100% below its 200-week average.
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 the edge over IPW on returns for 2026, with the stronger performance.
IPW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $150,854.4 | $58,838.4 | -61% |
| 2022 | $58,838.4 | $9,590.4 | -84% |
| 2023 | $9,590.4 | $11,664.0 | +22% |
| 2024 | $11,664.0 | $20,995.2 | +80% |
| 2025 | $20,995.2 | $8,380.8 | -60% |
| 2026 YTD | $8,380.8 | $1.29 | -100% |
IPW has finished lower in three of the last five years. It's down 100% so far in 2026.