BABA
Alibaba Group Holding Limited
BABA has lower modeled downside risk, despite its lower overall score.
NDLS
Noodles & Company
NDLS has a slight 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.
NDLS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
NDLS's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
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.
NDLS PE Valuation
NDLS 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 |
Analysts expect earnings and revenue growth for BABA, with profitability improving. However, they disagree widely on these estimates.
NDLS Forward outlook
There aren't enough analyst estimates for NDLS to show an outlook.
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 NDLS on earnings quality, reporting a profit while its opponent remains loss making.
NDLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$3.97 | +$3.55 |
| Q1 2026 | -$6.34 | +$0.54 |
| Q4 2025 | -$7.36 | -$0.96 |
| Q3 2025 | -$7.92 | -$2.16 |
| Q2 2025 | -$7.52 | -$3.12 |
| Q1 2025 | -$6.88 | -$4.64 |
| Q4 2024 | -$6.40 | -$4.72 |
| Q3 2024 | -$5.76 | -$5.28 |
NDLS lost $3.97 per share over the past year, a smaller 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 NDLS 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 NDLS on profitability, with a higher operating margin.
NDLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $127M | +0.5% |
| Q1 2026 | $123.8M | 0% |
| Q4 2025 | $122.8M | +0.8% |
| Q3 2025 | $122.1M | -0.5% |
| Q2 2025 | $126.4M | -0.7% |
| Q1 2025 | $123.8M | +2% |
| Q4 2024 | $121.8M | -2% |
| Q3 2024 | $122.8M | -4% |
NDLS's revenue grew through 2021 and has held roughly level since: $127M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.2% | +11 points |
| Q1 2026 | -0.7% | +4.5 points |
| Q4 2025 | -3.3% | +2.7 points |
| Q3 2025 | -5.2% | -1.3 points |
| Q2 2025 | -12% | -2.7 points |
| Q1 2025 | -5.2% | -1.8 points |
| Q4 2024 | -6% | -2.4 points |
| Q3 2024 | -3.9% | -5.5 points |
NDLS's operating margin was −1.2% last quarter, up 10 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.
NDLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $1.8M | +$6M |
| Q1 2026 | $3.9M | +253% |
| Q4 2025 | -$3.4M | +$10.4M |
| Q3 2025 | $1.4M | +$2.8M |
| Q2 2025 | -$4.3M | +$205K |
| Q1 2025 | $1.1M | +$2.8M |
| Q4 2024 | -$13.8M | +$1.4M |
| Q3 2024 | -$1.3M | -132% |
NDLS 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 NDLS 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.
NDLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +65.9K shares |
| 1 year | +2.7% | +157K shares |
| 3 years | +2.3% | +132K shares |
| 5 years | +2.5% | +147K shares |
| Available history | +5.6% | +315K shares |
NDLS has 6M diluted shares, up 2.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q4 2023 | — |
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 NDLS on leverage, with a lower net debt burden relative to earnings.
NDLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 8.7x | High |
| Q4 2024 | 77.3x | High |
| Q3 2024 | 18.9x | High |
| Q2 2024 | 7.8x | High |
| Q1 2024 | 3.8x | Elevated |
| Q4 2023 | 3.6x | Elevated |
| Q3 2023 | 2.3x | Moderate |
| Q2 2023 | 2.4x | Moderate |
NDLS's net debt is about 8.7 years of its operating earnings (EBITDA), up from 3.8 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).
NDLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 38.4 | Neutral |
NDLS's weekly RSI is 52 (neutral) and its Stochastic is 38 (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.
NDLS PE vs Consumer Cyclical Sector
| Metric | NDLS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
NDLS 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.
NDLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.6 | 1% above |
| 20 week MA | $14.4 | 4.6% below |
| 50 week MA | $10.9 | 26% above |
| 100 week MA | $9.01 | 53% above |
| 200 week MA | $15.4 | 11% below |
NDLS 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.
NDLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.4 | $63.3 | +43% |
| 2021 | $63.3 | $75.8 | +20% |
| 2022 | $75.8 | $41.3 | -46% |
| 2023 | $41.3 | $25.2 | -39% |
| 2024 | $25.2 | $4.89 | -81% |
| 2025 | $4.89 | $5.66 | +16% |
| 2026 YTD | $5.66 | $13.8 | +143% |
NDLS has the edge over BABA on returns for 2026, with the stronger performance.