COOK
Traeger, Inc.
COOK offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EBAY
eBay Inc.
EBAY has the edge over COOK overall, supported by lower modeled downside and stronger fundamentals.
COOK Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Strong | |
| Weak |
COOK's cash flow is currently strong, but its revenue, profitability and balance sheet are under pressure.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
COOK PE Valuation
COOK has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 37x next year's earnings.
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.
COOK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
COOK has the edge over EBAY on the outlook, with more favorable profitability expectations.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
COOK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.55 | — |
| Q3 2026 | -$18.87 | +$21.13 |
| Q2 2026 | -$42.04 | -$28.04 |
| Q1 2026 | -$41.92 | -$29.92 |
| Q4 2025 | -$43.50 | -$30.00 |
| Q3 2025 | -$40.00 | -$20.50 |
| Q2 2025 | -$14.00 | +$6.00 |
| Q1 2025 | -$12.00 | +$19.50 |
| Q4 2024 | -$13.50 | +$20.50 |
COOK is still losing money, but far less than before: $18.87 per share over the past year, against $162.21 at its worst in late 2022.
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 has the edge over COOK on earnings quality, reporting a profit while its opponent remains loss making.
COOK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $74.7M | -40% |
| Q2 2026 | $120.2M | -17% |
| Q1 2026 | $94.1M | -34% |
| Q4 2025 | $145.4M | -14% |
| Q3 2025 | $125.4M | +2.7% |
| Q2 2025 | $145.5M | -14% |
| Q1 2025 | $143.3M | -1.1% |
| Q4 2024 | $168.6M | +3.2% |
COOK's revenue has slid since its 2021 peak: $75M last quarter, down 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +40 points |
| Q2 2026 | -1.4% | +2.8 points |
| Q1 2026 | -1.1% | -3.5 points |
| Q4 2025 | -8% | -7.9 points |
| Q3 2025 | -66% | -60 points |
| Q2 2025 | -4.2% | -7 points |
| Q1 2025 | 2.4% | +2.4 points |
| Q4 2024 | -0.1% | +7 points |
COOK's operating margin was −26% last quarter, up 40 points from the same quarter a year ago.
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 has the edge over COOK on sales, with more consistent year-over-year improvement.
| 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 has the edge over COOK on profitability, with a higher operating margin.
COOK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.4M | +32% |
| Q2 2026 | $26.5M | +69% |
| Q1 2026 | $14.5M | +$37.2M |
| Q4 2025 | $14.2M | +158% |
| Q3 2025 | $6.4M | -50% |
| Q2 2025 | $15.7M | +33% |
| Q1 2025 | -$22.7M | -$4.4M |
| Q4 2024 | $5.5M | -64% |
COOK generated $64M in free cash flow over the past year, more than ten times what it generated the year before.
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 generated $2.4B in free cash flow over the past year, up 54% from the year before.
COOK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +13.8K shares |
| 1 year | +2.9% | +77.8K shares |
| 3 years | +11% | +281K shares |
| 5 years | +21% | +474K shares |
| Available history | +17% | +411K shares |
COOK has 3M diluted shares, up 2.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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 COOK 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.
COOK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 315.2x | High |
| Q2 2025 | 16.0x | High |
| Q1 2025 | 11.5x | High |
| Q4 2024 | 11.9x | High |
| Q3 2024 | 18.8x | High |
| Q2 2024 | 25.9x | High |
| Q3 2021 | 32.0x | High |
| Q2 2021 | 3.9x | Elevated |
COOK's net debt is more than 20 years of its operating earnings (EBITDA), up from 19 years a year ago.
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 has the edge over COOK on leverage, with a lower net debt burden relative to earnings.
COOK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 55.3 | Neutral |
COOK's weekly RSI is 52 (neutral) and its Stochastic is 55 (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).
COOK PE vs Consumer Cyclical Sector
COOK has no meaningful PE right now: it lost money over the past year.
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.
COOK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.5 | 9.8% above |
| 20 week MA | $57.0 | 1.1% above |
| 50 week MA | $51.9 | 11% above |
| 100 week MA | $66.9 | 14% below |
| 200 week MA | $110.9 | 48% below |
COOK has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 48% below its 200-week average.
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 has the edge over COOK on trend strength, trading above more of its moving averages.
COOK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $1,110.5 | $632.0 | -43% |
| 2022 | $632.0 | $133.0 | -79% |
| 2023 | $133.0 | $136.5 | +2.6% |
| 2024 | $136.5 | $120.0 | -12% |
| 2025 | $120.0 | $52.5 | -56% |
| 2026 YTD | $52.5 | $57.6 | +9.8% |
COOK has finished lower in four of the last five years. It's up 9.8% 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 COOK on returns for 2026, with the stronger performance.