BABA
Alibaba Group Holding Limited
BABA's fundamentals are weak: its operating margin fell 10 points to 4.2% and free cash flow turned negative, though revenue grew 4.3%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
ZGN
Ermenegildo Zegna N.V.
There isn't enough reported data to score ZGN yet.
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.
ZGN Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Strong |
ZGN's profitability and balance sheet are currently strong. There isn't enough data to rate its revenue and cash flow.
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.
ZGN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $9.68 | -29% |
| Fair | 26x | $10.98 | -19% |
| Current | 41x | $13.57 | — |
| Expensive | 54x | $22.47 | +66% |
Historical ranges are pointers, not guarantees.
ZGN 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.
ZGN Forward outlook
There aren't enough analyst estimates for ZGN 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'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.
ZGN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.42 | +27% |
ZGN and BABA do not have enough comparable growth data to identify a winner.
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 ZGN in the latest year-over-year revenue comparison.
| 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.
ZGN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.1B | +7.9% |
| Q4 2025 | $1.1B | +0.3% |
| Q2 2025 | $1B | -3.4% |
| Q4 2024 | $1.1B | -1.5% |
| Q2 2024 | $1.1B | +6.3% |
| Q4 2023 | $1.1B | +31% |
| Q2 2023 | $1B | +24% |
| Q4 2022 | $848.6M | +12% |
ZGN's revenue is growing: $1.1B last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.5% | -0.1 points |
| Q4 2025 | 7.9% | -1.3 points |
| Q2 2025 | 6.6% | -6.3 points |
| Q4 2024 | 9.5% | +0.3 points |
| Q2 2024 | 7.6% | -3.5 points |
| Q4 2023 | 9.2% | +31 points |
| Q2 2023 | 13% | +4.4 points |
| Q4 2022 | 9.2% | +1.1 points |
ZGN 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.
ZGN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $122.7M | +73% |
| Q4 2025 | $212.6M | +80% |
| Q2 2025 | $70.7M | -12% |
| Q4 2024 | $118.3M | -22% |
| Q2 2024 | $80.6M | -11% |
| Q4 2023 | $151.6M | +61% |
| Q2 2023 | $91M | +552% |
| Q4 2022 | $94.1M | -32% |
ZGN generated $524M in free cash flow over the past year, up 26% from the year before.
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 ZGN 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.
ZGN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.4% | +8.8M shares |
| 1 year | +6.7% | +17M shares |
| 3 years | +12% | +27.9M shares |
ZGN has 270M diluted shares, up 6.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2022 | — |
| Q2 2022 | — |
| Q4 2021 | $505.5M |
| Q2 2021 | $426,586 |
| Q4 2020 | $1M |
| Q2 2020 | — |
| Q4 2019 | $52,212 |
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).
ZGN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 0.1x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
| Q2 2024 | 0.4x | Very low |
| Q4 2023 | 0.3x | Very low |
ZGN's net debt is less than a year of its operating earnings (EBITDA).
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).
ZGN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 54.9 | Neutral |
ZGN's weekly RSI is 55 (neutral) and its Stochastic is 55 (neutral).
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 ZGN on valuation relative to its sector.
ZGN PE vs Consumer Cyclical Sector
| Metric | ZGN | Sector median | Relative |
|---|---|---|---|
| PE | 41x | 18x | 128% above |
| PE % | 78 | 55 | 23 pts above |
ZGN is trading at 41x earnings, a 128% 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.
ZGN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.2 | 3% above |
| 20 week MA | $13.4 | 1.3% above |
| 50 week MA | $12.2 | 11% above |
| 100 week MA | $10.4 | 30% above |
| 200 week MA | $11.2 | 21% above |
ZGN 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.
ZGN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.0 | $12.0 | 0% |
| 2022 | $12.0 | $10.0 | -17% |
| 2023 | $10.0 | $11.6 | +16% |
| 2024 | $11.6 | $8.35 | -28% |
| 2025 | $8.35 | $10.5 | +25% |
| 2026 YTD | $10.5 | $13.6 | +30% |
ZGN has the edge over BABA on returns for 2026, with the stronger performance.