BABA
Alibaba Group Holding Limited
BABA has the edge over SG overall, supported by lower modeled downside.
SG
Sweetgreen, Inc.
SG 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.
SG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Unavailable |
SG's revenue is currently stable, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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.
SG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 60x | $9.04 | -27% |
| Fair | 73x | $10.88 | -12% |
| Current | 83x | $12.38 | — |
| Expensive | 86x | $12.94 | +4.5% |
Historical ranges are pointers, not guarantees.
SG has the edge over BABA in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
SG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect SG's losses to shrink, 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's earnings per share have fallen from their peak: $4.42 over the past year, against $9.27 in mid-2025. Its recent earnings include one-off gains.
SG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.15 | +$1.12 |
| Q2 2026 | $0.10 | +$0.94 |
| Q1 2026 | $0.12 | +$0.89 |
| Q4 2025 | -$1.14 | -$0.35 |
| Q3 2025 | -$0.97 | -$0.18 |
| Q2 2025 | -$0.84 | -$0.01 |
| Q1 2025 | -$0.77 | +$0.17 |
| Q4 2024 | -$0.79 | +$0.22 |
SG has the edge over BABA on earnings, with more consistent year-over-year improvement.
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 SG 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 SG on profitability, with a higher operating margin.
SG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $176M | +2.1% |
| Q2 2026 | $192.7M | +3.8% |
| Q1 2026 | $161.5M | -2.9% |
| Q4 2025 | $155.2M | -3.5% |
| Q3 2025 | $172.4M | -0.6% |
| Q2 2025 | $185.6M | +0.5% |
| Q1 2025 | $166.3M | +5.4% |
| Q4 2024 | $160.9M | +5.1% |
SG's revenue grew through 2024 and has held roughly level since: $176M last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | +3 points |
| Q2 2026 | -14% | 0 points |
| Q1 2026 | -21% | -4.1 points |
| Q4 2025 | -31% | -11 points |
| Q3 2025 | -21% | -8.8 points |
| Q2 2025 | -14% | -5.5 points |
| Q1 2025 | -17% | -0.1 points |
| Q4 2024 | -20% | -0.4 points |
SG's operating margin was −18% last quarter, up 3 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.
SG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$22.1M | +$15.1M |
| Q2 2026 | -$10.6M | +$2.6M |
| Q1 2026 | -$29.6M | +$302K |
| Q4 2025 | -$39M | -$18.4M |
| Q3 2025 | -$37.2M | -$26.9M |
| Q2 2025 | -$13.1M | -$13M |
| Q1 2025 | -$29.9M | -$19.9M |
| Q4 2024 | -$20.6M | -$14.7M |
SG has the edge over BABA on cash flow, with more consistent year-over-year improvement.
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.
SG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +212K shares |
| 1 year | +0.7% | +828K shares |
| 3 years | +6.2% | +6.9M shares |
| 5 years | +10% | +10.9M shares |
| Available history | +10% | +10.9M shares |
SG has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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).
SG Net Leverage
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).
SG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.3 | Overbought |
| Stochastic | 88.8 | Overbought |
SG's weekly RSI is 72 (overbought) and its Stochastic is 89 (overbought).
BABA PE vs Consumer Cyclical Sector
| Metric | BABA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 60 | 47 | 13 pts above |
BABA has the edge over SG on valuation relative to its sector.
SG PE vs Consumer Cyclical Sector
| Metric | SG | Sector median | Relative |
|---|---|---|---|
| PE | 83x | 18x | 358% above |
| PE % | 78 | 56 | 22 pts above |
SG is trading at 83x earnings, a 358% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
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.
SG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.3 | 20% above |
| 20 week MA | $8.29 | 49% above |
| 50 week MA | $7.50 | 65% above |
| 100 week MA | $12.2 | 1.7% above |
| 200 week MA | $15.7 | 21% below |
SG 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.
SG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $53.0 | $31.4 | -41% |
| 2022 | $31.4 | $8.83 | -72% |
| 2023 | $8.83 | $11.3 | +28% |
| 2024 | $11.3 | $32.4 | +186% |
| 2025 | $32.4 | $6.97 | -78% |
| 2026 YTD | $6.97 | $12.4 | +78% |
SG has the edge over BABA on returns for 2026, with the stronger performance.