BABA
Alibaba Group Holding Limited
BABA has lower modeled downside risk, despite its lower overall score.
LIND
Lindblad Expeditions Holdings, Inc.
LIND has the edge over BABA overall, supported by stronger fundamentals and stronger modeled upside.
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.
LIND Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
LIND's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
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.
LIND PE Valuation
LIND 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 84x 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.
LIND Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect LIND to return to profit, with revenue growing. 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 LIND on earnings quality, reporting a profit while its opponent remains loss making.
LIND Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.41 | — |
| Q3 2026 | -$0.02 | +$0.61 |
| Q2 2026 | -$0.38 | -$0.11 |
| Q1 2026 | -$0.54 | +$0.03 |
| Q4 2025 | -$0.63 | +$0.04 |
| Q3 2025 | -$0.63 | +$0.12 |
| Q2 2025 | -$0.27 | +$0.76 |
| Q1 2025 | -$0.57 | +$0.46 |
| Q4 2024 | -$0.67 | +$0.27 |
LIND is still losing money, but far less than before: $0.02 per share over the past year, against $2.61 at its worst in early 2021.
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's operating margin was 7.2% last quarter, down 6.9 points from the same quarter a year ago.
LIND Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $269.2M | +12% |
| Q2 2026 | $199.2M | +19% |
| Q1 2026 | $208M | +16% |
| Q4 2025 | $183.2M | +23% |
| Q3 2025 | $240.2M | +17% |
| Q2 2025 | $167.9M | +23% |
| Q1 2025 | $179.7M | +17% |
| Q4 2024 | $148.6M | +19% |
LIND has the edge over BABA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +0.9 points |
| Q2 2026 | 6% | +3.4 points |
| Q1 2026 | 7.5% | +1.6 points |
| Q4 2025 | -3% | +2.1 points |
| Q3 2025 | 15% | +0.7 points |
| Q2 2025 | 2.6% | +8.6 points |
| Q1 2025 | 5.9% | +0.8 points |
| Q4 2024 | -5.1% | +5.9 points |
LIND has the edge over BABA on profitability, with a higher operating margin.
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.
LIND Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1M | -110% |
| Q2 2026 | $51.1M | +279% |
| Q1 2026 | $42.6M | +22% |
| Q4 2025 | $3.5M | +$11.7M |
| Q3 2025 | $11.9M | -35% |
| Q2 2025 | $13.5M | +20% |
| Q1 2025 | $35M | -6.6% |
| Q4 2024 | -$8.2M | +$8.9M |
LIND 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 LIND 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.
LIND Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.8% | +1.2M shares |
| 1 year | +20% | +11.1M shares |
| 3 years | +25% | +13.3M shares |
| 5 years | +33% | +16.6M shares |
| Available history | +35% | +17.3M shares |
LIND has 67M diluted shares, up 20% 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 has the edge over LIND on leverage, with a lower net debt burden relative to earnings.
LIND Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.8x | Elevated |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 5.4x | High |
| Q4 2024 | 6.0x | High |
LIND's net debt is about 2.9 years of its operating earnings (EBITDA), down from 3.9 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).
LIND Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.2 | Neutral |
| Stochastic | 77.7 | Neutral |
LIND's weekly RSI is 60 (neutral) and its Stochastic is 78 (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.
LIND PE vs Consumer Cyclical Sector
| Metric | LIND | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
LIND 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.
LIND Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.2 | 0.1% below |
| 20 week MA | $30.9 | 11% above |
| 50 week MA | $23.6 | 45% above |
| 100 week MA | $17.6 | 94% above |
| 200 week MA | $13.5 | 154% above |
LIND 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.
LIND Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.6 | $15.6 | -5.7% |
| 2021 | $15.6 | $17.3 | +11% |
| 2022 | $17.3 | $6.96 | -60% |
| 2023 | $6.96 | $11.3 | +62% |
| 2024 | $11.3 | $12.0 | +6.6% |
| 2025 | $12.0 | $14.4 | +20% |
| 2026 YTD | $14.4 | $34.1 | +136% |
LIND has the edge over BABA on returns for 2026, with the stronger performance.