BBWI
Bath & Body Works, Inc.
BBWI has the edge over GME overall, supported by stronger modeled upside and lower modeled downside.
GME
GameStop Corp.
GME offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
BBWI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
BBWI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
BBWI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 5.6x | $21.08 | — |
| Cheap | 6.8x | $25.98 | +23% |
| Forward | 7.9x | $21.08 | — |
| Fair | 9.6x | $36.49 | +73% |
| Expensive | 13x | $49.09 | +133% |
Historical ranges are pointers, not guarantees.
BBWI's PE is in its cheap range at 5.5x. On analysts' estimates for next year's earnings, today's price would be 7.9x.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME has the edge over BBWI in the historical PE scenario, which offers more potential upside but is not a forecast.
BBWI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Moderate | |
| High |
BBWI has the edge over GME on the outlook, with more favorable earnings and revenue expectations.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
BBWI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.65 | -30% |
| Q3 2026 | $3.80 | +14% |
| Q2 2026 | $3.52 | -5.4% |
| Q1 2026 | $3.11 | -14% |
| Q4 2025 | $3.22 | -21% |
| Q3 2025 | $3.34 | -19% |
| Q2 2025 | $3.72 | -3.9% |
| Q1 2025 | $3.61 | -6% |
| Q4 2024 | $4.09 | +28% |
BBWI's earnings per share have fallen from their peak: $3.80 over the past year, against $6.51 in mid-2021.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over BBWI on earnings, with more consistent year-over-year improvement.
BBWI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -2.3% |
| Q2 2026 | $1.4B | -3.2% |
| Q1 2026 | $2.7B | -2.3% |
| Q4 2025 | $1.6B | -1% |
| Q3 2025 | $1.5B | +1.5% |
| Q2 2025 | $1.4B | +2.9% |
| Q1 2025 | $2.8B | -4.3% |
| Q4 2024 | $1.6B | +3.1% |
BBWI has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +4.1 points |
| Q2 2026 | 17% | +2.1 points |
| Q1 2026 | 22% | -2.3 points |
| Q4 2025 | 10% | -3.4 points |
| Q3 2025 | 10% | -1.8 points |
| Q2 2025 | 15% | +1.2 points |
| Q1 2025 | 24% | +0.4 points |
| Q4 2024 | 14% | -0.6 points |
BBWI's operating margin was 14% last quarter, up 4.1 points from the same quarter a year ago.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME's revenue has slid since its 2022 peak: $790M last quarter, down 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME has the edge over BBWI on profitability, with a higher operating margin.
BBWI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $23M | +$122M |
| Q2 2026 | $195M | +29% |
| Q1 2026 | $814M | -9.1% |
| Q4 2025 | -$1M | +$163M |
| Q3 2025 | -$99M | +$2M |
| Q2 2025 | $151M | +403% |
| Q1 2025 | $895M | +1.9% |
| Q4 2024 | -$164M | -$43M |
BBWI still generates free cash flow, though less than at its 2021 peak: $1B over the past year.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME has the edge over BBWI on cash flow, with more consistent year-over-year improvement.
BBWI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -4.3% | -9M shares |
| 3 years | -12% | -27M shares |
| 5 years | -28% | -78M shares |
| Available history | -27% | -74M shares |
BBWI has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $57M |
| Q4 2025 | $90M |
| Q3 2025 | $118M |
| Q2 2025 | $136M |
| Q1 2025 | $52M |
| Q4 2024 | $101M |
BBWI spent $147M buying back its own shares over the past year, down 64% from the year before.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
BBWI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.6x | Moderate |
BBWI's net debt is about 1.9 years of its operating earnings (EBITDA), down from 2.3 years a year ago.
GME Net Leverage
BBWI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 76.4 | Neutral |
BBWI's weekly RSI is 54 (neutral) and its Stochastic is 76 (neutral).
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
BBWI PE vs Consumer Cyclical Sector
| Metric | BBWI | Sector median | Relative |
|---|---|---|---|
| PE | 5.6x | 18x | 69% below |
| PE % | 5 | 47 | 42 pts below |
BBWI has the edge over GME on valuation relative to its sector.
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
BBWI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.5 | 8% above |
| 20 week MA | $19.7 | 7.2% above |
| 50 week MA | $20.1 | 5% above |
| 100 week MA | $25.0 | 16% below |
| 200 week MA | $31.5 | 33% below |
BBWI has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 33% below its 200-week average.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME has the edge over BBWI on trend strength, trading above more of its moving averages.
BBWI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.7 | $31.5 | +114% |
| 2021 | $31.5 | $69.5 | +121% |
| 2022 | $69.5 | $41.9 | -40% |
| 2023 | $41.9 | $43.2 | +2.9% |
| 2024 | $43.2 | $38.2 | -12% |
| 2025 | $38.2 | $19.8 | -48% |
| 2026 YTD | $19.8 | $21.1 | +6.5% |
BBWI's yearly returns have swung widely, from +121% in 2021 to −48% in 2025. It's up 6.5% so far in 2026.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME has the edge over BBWI on returns for 2026, with the stronger performance.