BABA
Alibaba Group Holding Limited
BABA has the edge over SPWH overall, supported by lower modeled downside.
SPWH
Sportsman's Warehouse Holdings, Inc.
SPWH 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.
SPWH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
SPWH's revenue and cash flow are currently stable, but its 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.
SPWH PE Valuation
SPWH 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 SPWH on the outlook, with more favorable revenue expectations.
SPWH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect SPWH'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 edge over SPWH on earnings quality, reporting a profit while its opponent remains loss making.
SPWH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.23 | -$0.26 |
| Q2 2026 | -$1.30 | -$0.35 |
| Q1 2026 | -$1.30 | -$0.43 |
| Q4 2025 | -$0.98 | -$0.13 |
| Q3 2025 | -$0.97 | -$0.07 |
| Q2 2025 | -$0.95 | -$0.12 |
| Q1 2025 | -$0.87 | -$0.10 |
| Q4 2024 | -$0.85 | -$0.57 |
SPWH lost $1.23 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 SPWH 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 SPWH on profitability, with a higher operating margin.
SPWH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $295.6M | +0.6% |
| Q2 2026 | $256.1M | +2.8% |
| Q1 2026 | $334.9M | -1.6% |
| Q4 2025 | $331.3M | +2.2% |
| Q3 2025 | $293.9M | +1.8% |
| Q2 2025 | $249.1M | +2% |
| Q1 2025 | $340.4M | -8.1% |
| Q4 2024 | $324.3M | -4.8% |
SPWH's revenue fell from its 2021 peak and has held roughly level since: $296M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.4% | +0.7 points |
| Q2 2026 | -7.1% | +0.8 points |
| Q1 2026 | -5.6% | -6.7 points |
| Q4 2025 | 1.3% | +0.3 points |
| Q3 2025 | -1.1% | +0.4 points |
| Q2 2025 | -7.9% | +0.6 points |
| Q1 2025 | 1.1% | +3.2 points |
| Q4 2024 | 1% | +0.1 points |
SPWH's operating margin was −0.4% last quarter, up 0.7 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.
SPWH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15.5M | +$18.4M |
| Q2 2026 | -$59.6M | +$4.4M |
| Q1 2026 | $98.1M | +98% |
| Q4 2025 | $8.7M | +$14.9M |
| Q3 2025 | -$33.9M | -340% |
| Q2 2025 | -$64M | -$26.1M |
| Q1 2025 | $49.6M | -18% |
| Q4 2024 | -$6.2M | -127% |
SPWH 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 SPWH 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.
SPWH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +280K shares |
| 1 year | +1.7% | +668K shares |
| 3 years | +4.1% | +1.5M shares |
| 5 years | -13% | -5.7M shares |
| Available history | -10% | -4.5M shares |
SPWH has 39M diluted shares, up 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $2.1M |
| Q2 2023 | $696,000 |
| Q1 2023 | $2.3M |
| Q4 2022 | $10.4M |
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 SPWH on leverage, with a lower net debt burden relative to earnings.
SPWH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 15.1x | High |
| Q2 2026 | 20.9x | High |
| Q1 2026 | 24.4x | High |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.9x | Healthy |
SPWH's net debt is about 15 years of its operating earnings (EBITDA), up from 1.8 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).
SPWH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 27.3 | Neutral |
SPWH's weekly RSI is 49 (neutral) and its Stochastic is 27 (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.
SPWH PE vs Consumer Cyclical Sector
| Metric | SPWH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
SPWH 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.
SPWH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.11 | 9% above |
| 20 week MA | $1.16 | 4.3% above |
| 50 week MA | $1.29 | 6.2% below |
| 100 week MA | $1.85 | 35% below |
| 200 week MA | $3.18 | 62% below |
SPWH 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.
SPWH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $17.9 | +123% |
| 2021 | $17.9 | $11.5 | -36% |
| 2022 | $11.5 | $9.13 | -21% |
| 2023 | $9.13 | $4.26 | -53% |
| 2024 | $4.26 | $2.65 | -38% |
| 2025 | $2.65 | $1.36 | -49% |
| 2026 YTD | $1.36 | $1.21 | -11% |
SPWH has the edge over BABA on returns for 2026, with the stronger performance.