BULL
Webull Corporation Class A Ordinary Shares
BULL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has the edge over BULL overall, supported by lower modeled downside and stronger valuation.
BULL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
BULL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
BULL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $4.96 | — |
| Cheap | 60x | $4.83 | -2.7% |
| Current | 60x | $4.96 | — |
| Fair | 63x | $5.04 | +1.6% |
| Expensive | 71x | $5.64 | +14% |
Historical ranges are pointers, not guarantees.
BULL has the edge over MSFT in the historical PE scenario, which offers more potential upside but is not a forecast.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
BULL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
BULL has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
BULL Earnings Per Share
BULL has returned to profit: it earned $0.08 per share over the past year, after losing money the year before.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
BULL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $198.8M | +51% |
| Q1 2026 | $159.9M | +36% |
| Q4 2025 | $165.2M | +53% |
| Q3 2025 | $156.9M | +54% |
| Q2 2025 | $131.5M | +46% |
| Q1 2025 | $117.4M | +32% |
| Q4 2024 | $107.7M | +27% |
| Q3 2024 | $101.9M | +2.3% |
BULL has the edge over MSFT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 23% | +26 points |
| Q1 2026 | -1.5% | -19 points |
| Q4 2025 | 10% | -3.6 points |
| Q3 2025 | 16% | +26 points |
| Q2 2025 | -2.8% | +7 points |
| Q1 2025 | 18% | +29 points |
| Q4 2024 | 14% | +31 points |
| Q3 2024 | -11% | -27 points |
BULL's operating margin was 23% last quarter, up 26 points from the same quarter a year ago, near the top of its range since 2023.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over BULL on profitability, with a higher operating margin.
BULL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | -100% |
| Q3 2025 | $0 | -100% |
| Q2 2025 | $0 | -100% |
| Q1 2025 | $0 | +$8.2M |
| Q4 2024 | $38M | -34% |
| Q3 2024 | $83.2M | -50% |
BULL's free cash flow was $0 over the past year, against $121M the year before.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over BULL on cash flow, with more consistent year-over-year improvement.
BULL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.1% | +16.5M shares |
| 1 year | +26% | +111M shares |
| 3 years | +8.5% | +42.6M shares |
BULL has 543M diluted shares, up 26% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $3.7M |
| Q3 2024 | — |
BULL hasn't bought back shares in the past year.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over BULL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
BULL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -9.0x | Net Cash |
| Q1 2026 | -42.1x | Net Cash |
| Q4 2025 | -12.4x | Net Cash |
| Q3 2025 | -9.6x | Net Cash |
| Q2 2025 | -38.6x | Net Cash |
| Q1 2025 | -14.2x | Net Cash |
| Q1 2024 | -73.0x | Net Cash |
| Q4 2023 | -15.7x | Net Cash |
BULL has the edge over MSFT on leverage, with a lower net debt burden relative to earnings.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
BULL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.6 | Neutral |
| Stochastic | 3.8 | Oversold |
BULL's weekly RSI is 35 (neutral) and its Stochastic is 4 (oversold).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
BULL PE vs Technology Sector
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
BULL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.95 | 17% below |
| 20 week MA | $7.23 | 31% below |
| 50 week MA | $6.96 | 29% below |
MSFT has stronger trend alignment. BULL is above 0 of 3 weekly averages versus MSFT above 4 of 5.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
BULL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $11.3 | $8.18 | -27% |
| 2026 YTD | $8.18 | $4.96 | -39% |
BULL has finished every year since 2025 lower, and it's down 39% so far in 2026.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over BULL on returns for 2026, with the stronger performance.