BIRK
Birkenstock Holding plc
BIRK has a slight edge over EBAY overall, supported by stronger valuation and stronger modeled upside.
EBAY
eBay Inc.
EBAY has lower modeled downside risk, despite its lower overall score.
BIRK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Stable |
BIRK's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
BIRK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $34.66 | -2.9% |
| Current | 17x | $35.70 | — |
| Fair | 32x | $64.55 | +81% |
| Expensive | 96x | $195 | +447% |
Historical ranges are pointers, not guarantees.
BIRK has the edge over EBAY in the historical PE scenario, which offers more potential upside but is not a forecast.
EBAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $31.50 | -74% |
| Fair | 16x | $71.96 | -40% |
| Forward | 18x | $120 | — |
| Expensive | 22x | $99.04 | -18% |
| Current | 26x | $120 | — |
Historical ranges are pointers, not guarantees.
EBAY's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
BIRK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BIRK, with profitability holding steady.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
BIRK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.04 | +12% |
| Q1 2026 | $2.13 | +42% |
| Q4 2025 | $2.26 | +74% |
| Q3 2025 | $2.08 | +84% |
| Q2 2025 | $1.82 | +176% |
| Q1 2025 | $1.50 | +154% |
| Q4 2024 | $1.30 | +177% |
| Q3 2024 | $1.13 | +146% |
BIRK has the edge over EBAY on earnings, with more consistent year-over-year improvement.
EBAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.63 | +45% |
| Q3 2026 | $4.57 | +0.4% |
| Q2 2026 | $4.82 | +7.3% |
| Q1 2026 | $4.40 | +6% |
| Q4 2025 | $4.34 | +10% |
| Q3 2025 | $4.55 | +15% |
| Q2 2025 | $4.49 | -12% |
| Q1 2025 | $4.15 | -17% |
| Q4 2024 | $3.94 | -24% |
EBAY's earnings per share have fallen from their peak: $4.57 over the past year, against $20.25 in late 2021.
BIRK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $812.6M | +15% |
| Q1 2026 | $698.2M | +9.4% |
| Q4 2025 | $446.5M | +11% |
| Q3 2025 | $584.7M | +15% |
| Q2 2025 | $705.5M | +12% |
| Q1 2025 | $638M | +19% |
| Q4 2024 | $401.8M | +19% |
| Q3 2024 | $506.3M | +22% |
BIRK has the edge over EBAY on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | -2.4 points |
| Q1 2026 | 26% | -4.3 points |
| Q4 2025 | 19% | +1.8 points |
| Q3 2025 | 21% | -0.1 points |
| Q2 2025 | 31% | +3.6 points |
| Q1 2025 | 31% | +3 points |
| Q4 2024 | 18% | +6 points |
| Q3 2024 | 21% | +15 points |
BIRK has the edge over EBAY on profitability, with a higher operating margin.
EBAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +14% |
| Q2 2026 | $3.1B | +15% |
| Q1 2026 | $3.1B | +19% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.8B | +9.5% |
| Q2 2025 | $2.7B | +6.1% |
| Q1 2025 | $2.6B | +1.1% |
| Q4 2024 | $2.6B | +0.7% |
EBAY's revenue has grown year over year for 15 quarters in a row: $3.2B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.2 points |
| Q2 2026 | 22% | +3.8 points |
| Q1 2026 | 20% | -4 points |
| Q4 2025 | 20% | -0.8 points |
| Q3 2025 | 20% | -2.7 points |
| Q2 2025 | 18% | -3.6 points |
| Q1 2025 | 24% | -0.9 points |
| Q4 2024 | 21% | +5.1 points |
EBAY's operating margin was 19% last quarter, down 1.2 points from the same quarter a year ago.
BIRK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $224M | -16% |
| Q1 2026 | $2.2M | +$43.5M |
| Q4 2025 | -$72.7M | -$43.4M |
| Q3 2025 | $145.5M | +3.4% |
| Q2 2025 | $266.7M | -10% |
| Q1 2025 | -$41.3M | -212% |
| Q4 2024 | -$29.2M | +$41.4M |
| Q3 2024 | $140.8M | +32% |
BIRK still generates free cash flow, though less than at its 2024 peak: $299M over the past year.
EBAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $749M | -6.7% |
| Q2 2026 | $300M | +$741M |
| Q1 2026 | $897M | +39% |
| Q4 2025 | $466M | -17% |
| Q3 2025 | $803M | +24% |
| Q2 2025 | -$441M | -259% |
| Q1 2025 | $644M | +36% |
| Q4 2024 | $560M | +$564M |
EBAY has the edge over BIRK on cash flow, with more consistent year-over-year improvement.
BIRK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -2.4M shares |
| 1 year | -2.7% | -5M shares |
| 3 years | -0.7% | -1.2M shares |
BIRK has 181M diluted shares, down 2.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $260.5M |
| Q1 2026 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
EBAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -2M shares |
| 1 year | -3% | -14M shares |
| 3 years | -15% | -79M shares |
| 5 years | -31% | -205M shares |
| Available history | -44% | -359M shares |
EBAY has the edge over BIRK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $664M |
| Q2 2026 | $323M |
| Q1 2026 | $486M |
| Q4 2025 | $635M |
| Q3 2025 | $626M |
| Q2 2025 | $624M |
| Q1 2025 | $615M |
| Q4 2024 | $911M |
EBAY spent $2.1B buying back its own shares over the past year, down 24% from the year before.
BIRK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
| Q3 2024 | 1.6x | Healthy |
BIRK has the edge over EBAY on leverage, with a lower net debt burden relative to earnings.
EBAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.9x | Healthy |
EBAY's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
BIRK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.6 | Neutral |
| Stochastic | 39.8 | Neutral |
BIRK's weekly RSI is 48 (neutral) and its Stochastic is 40 (neutral).
EBAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 80.0 | Overbought |
EBAY's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
BIRK PE vs Consumer Cyclical Sector
| Metric | BIRK | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 3.1% below |
| PE % | 20 | 29 | 9 pts below |
BIRK has the edge over EBAY on valuation relative to its sector.
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY is trading at 26x earnings, a 46% premium to the Consumer Cyclical sector's median of 18x.
BIRK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.2 | 4.4% above |
| 20 week MA | $36.7 | 2.6% below |
| 50 week MA | $38.8 | 8.1% below |
| 100 week MA | $44.3 | 19% below |
EBAY has stronger trend alignment. BIRK is above 1 of 4 weekly averages versus EBAY above 5 of 5.
EBAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.5 | 3.1% above |
| 20 week MA | $112.4 | 6.9% above |
| 50 week MA | $102.6 | 17% above |
| 100 week MA | $89.8 | 34% above |
| 200 week MA | $69.5 | 73% above |
EBAY is in an uptrend: it's above all five of its weekly moving averages, and 73% above its 200-week average.
BIRK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $36.4 | $48.7 | +34% |
| 2024 | $48.7 | $59.1 | +21% |
| 2025 | $59.1 | $42.4 | -28% |
| 2026 YTD | $42.4 | $35.7 | -16% |
BIRK has finished higher in two of the last three years. It's down 16% so far in 2026.
EBAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $50.1 | +39% |
| 2021 | $50.1 | $64.9 | +29% |
| 2022 | $64.9 | $40.2 | -38% |
| 2023 | $40.2 | $43.6 | +8.6% |
| 2024 | $43.6 | $62.8 | +44% |
| 2025 | $62.8 | $85.2 | +36% |
| 2026 YTD | $85.2 | $120.1 | +41% |
EBAY has the edge over BIRK on returns for 2026, with the stronger performance.