BABA
Alibaba Group Holding Limited
BABA has the edge over TDUP overall, supported by lower modeled downside.
TDUP
ThredUp Inc.
TDUP 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.
TDUP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
TDUP's revenue and balance sheet are currently healthy, but its profitability and cash flow 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.
TDUP PE Valuation
TDUP 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 TDUP on the outlook, with more favorable earnings and revenue expectations.
TDUP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect TDUP's losses to grow, 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 TDUP on earnings quality, reporting a profit while its opponent remains loss making.
TDUP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.20 | +$0.10 |
| Q2 2026 | -$0.19 | +$0.30 |
| Q1 2026 | -$0.18 | +$0.40 |
| Q4 2025 | -$0.17 | +$0.52 |
| Q3 2025 | -$0.30 | +$0.34 |
| Q2 2025 | -$0.49 | +$0.10 |
| Q1 2025 | -$0.58 | +$0.06 |
| Q4 2024 | -$0.69 | -$0.01 |
TDUP is still losing money, but far less than before: $0.20 per share over the past year, against $1.35 at its worst in late 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 has the edge over TDUP on profitability, with a higher operating margin.
TDUP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $88.2M | +7.4% |
| Q2 2026 | $90.8M | +17% |
| Q1 2026 | $81.7M | +15% |
| Q4 2025 | $79.7M | +188% |
| Q3 2025 | $82.2M | +13% |
| Q2 2025 | $77.7M | -2.6% |
| Q1 2025 | $71.3M | -10% |
| Q4 2024 | $27.7M | -66% |
TDUP's revenue has grown year over year for five quarters in a row: $88M last quarter, up 7.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -6% | -0.6 points |
| Q2 2026 | -6.7% | 0 points |
| Q1 2026 | -8.1% | -0.5 points |
| Q4 2025 | -8.4% | -64 points |
| Q3 2025 | -5.3% | +29 points |
| Q2 2025 | -6.8% | +11 points |
| Q1 2025 | -7.6% | +13 points |
| Q4 2024 | 55% | +73 points |
TDUP's operating margin was −6% last quarter, down 0.6 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.
TDUP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12K | -99% |
| Q2 2026 | $1.8M | +$4.7M |
| Q1 2026 | $643K | -84% |
| Q4 2025 | -$3.2M | -182% |
| Q3 2025 | $2.4M | +207% |
| Q2 2025 | -$2.9M | +$3.2M |
| Q1 2025 | $3.9M | +$4.2M |
| Q4 2024 | $3.9M | +$14.1M |
TDUP 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 the edge over TDUP 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.
TDUP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +2M shares |
| 1 year | +6.4% | +7.9M shares |
| 3 years | +24% | +25.9M shares |
| 5 years | +40% | +37.4M shares |
| Available history | +70% | +54.3M shares |
TDUP has 132M diluted shares, up 6.4% from a year ago.
| Quarter | Spent |
|---|---|
| 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).
TDUP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -2.2x | Net Cash |
TDUP has more cash than debt.
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).
TDUP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.1 | Neutral |
| Stochastic | 5.4 | Oversold |
TDUP's weekly RSI is 30 (neutral) and its Stochastic is 5 (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.
TDUP PE vs Consumer Cyclical Sector
TDUP 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.
TDUP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.00 | 25% below |
| 20 week MA | $3.36 | 55% below |
| 50 week MA | $4.39 | 66% below |
| 100 week MA | $5.27 | 72% below |
| 200 week MA | $3.68 | 59% below |
TDUP is in a downtrend: it's below all five of its weekly moving averages, and 59% 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 TDUP on returns for 2026, with the stronger performance.
TDUP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $20.0 | $13.3 | -34% |
| 2022 | $13.3 | $1.34 | -90% |
| 2023 | $1.34 | $2.25 | +68% |
| 2024 | $2.25 | $1.39 | -38% |
| 2025 | $1.39 | $6.23 | +348% |
| 2026 YTD | $6.23 | $1.50 | -76% |
TDUP's yearly returns have swung widely, from +348% in 2025 to −90% in 2022. It's down 76% so far in 2026.