EBAY
eBay Inc.
EBAY's outlook is improving despite an expensive valuation.
ETSY
Etsy, Inc.
ETSY has the edge over EBAY overall, supported by stronger valuation and stronger modeled upside.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
ETSY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
ETSY's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
ETSY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 10x | $88.29 | — |
| Forward | 19x | $88.29 | — |
| Cheap | 27x | $233 | +164% |
| Fair | 40x | $343 | +288% |
| Expensive | 77x | $662 | +649% |
Historical ranges are pointers, not guarantees.
ETSY has the edge over EBAY in the historical PE scenario, which offers more potential upside but is not a forecast.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
ETSY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ETSY, with profitability improving.
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 ETSY on earnings, with more consistent year-over-year improvement.
ETSY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.58 | -46% |
| Q3 2026 | $8.55 | +511% |
| Q2 2026 | $1.87 | +53% |
| Q1 2026 | $2.48 | +80% |
| Q4 2025 | $1.39 | -41% |
| Q3 2025 | $1.40 | -29% |
| Q2 2025 | $1.22 | -43% |
| Q1 2025 | $1.38 | -37% |
| Q4 2024 | $2.35 | +4.9% |
ETSY's earnings per share have jumped to their highest in seven years: $8.55 over the past year, up from $1.40 the year before.
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 ETSY 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 ETSY on profitability, with a higher operating margin.
ETSY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $692.5M | +2.1% |
| Q2 2026 | $668.3M | -0.6% |
| Q1 2026 | $631.3M | -3.1% |
| Q4 2025 | $881.6M | +3.5% |
| Q3 2025 | $678M | +2.4% |
| Q2 2025 | $672.7M | +3.8% |
| Q1 2025 | $651.2M | +0.8% |
| Q4 2024 | $852.2M | +1.2% |
ETSY's revenue grew through 2023 and has held roughly level since: $692M last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +3.9 points |
| Q2 2026 | 19% | +7.4 points |
| Q1 2026 | 19% | +22 points |
| Q4 2025 | 15% | -3.5 points |
| Q3 2025 | 12% | -0.9 points |
| Q2 2025 | 11% | +0.5 points |
| Q1 2025 | -3.4% | -14 points |
| Q4 2024 | 18% | +4.5 points |
ETSY's operating margin was 16% last quarter, up 3.9 points from the same quarter a year ago.
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 ETSY on cash flow, with more consistent year-over-year improvement.
ETSY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $158.3M | -26% |
| Q2 2026 | $39.3M | -61% |
| Q1 2026 | $79.3M | +73% |
| Q4 2025 | $315.9M | +1.6% |
| Q3 2025 | $215M | +0.9% |
| Q2 2025 | $101.3M | -31% |
| Q1 2025 | $45.9M | -31% |
| Q4 2024 | $310.9M | +7.2% |
ETSY's free cash flow has been positive every quarter for seven years: $593M over the past year, down 12% from the year before.
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 453M diluted shares, down 3% from a year ago, with $2.1B in buybacks over the past year.
| 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.
ETSY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.3% | -2.7M shares |
| 1 year | -3.5% | -4.3M shares |
| 3 years | -17% | -23.8M shares |
| 5 years | -19% | -27.6M shares |
| Available history | -6.7% | -8.5M shares |
ETSY has the edge over EBAY on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $394.5M |
| Q2 2026 | $249.7M |
| Q1 2026 | $145.2M |
| Q4 2025 | $133.2M |
| Q3 2025 | $119.8M |
| Q2 2025 | $334.7M |
| Q1 2025 | $189.2M |
| Q4 2024 | $259.6M |
ETSY spent $923M buying back its own shares over the past year, up 2.1% from the year before.
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.
ETSY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 3.6x | Elevated |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 4.4x | High |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 3.0x | Elevated |
ETSY has the edge over EBAY on leverage, with a lower net debt burden relative to earnings.
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).
ETSY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.2 | Neutral |
| Stochastic | 75.1 | Neutral |
ETSY's weekly RSI is 63 (neutral) and its Stochastic is 75 (neutral).
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.
ETSY PE vs Consumer Cyclical Sector
| Metric | ETSY | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 18x | 43% below |
| PE % | 0 | 47 | 47 pts below |
ETSY has the edge over EBAY on valuation relative to its sector.
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.
ETSY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.2 | 7.5% above |
| 20 week MA | $80.7 | 9.4% above |
| 50 week MA | $67.5 | 31% above |
| 100 week MA | $61.5 | 44% above |
| 200 week MA | $68.7 | 29% above |
ETSY has climbed back above all five of its weekly moving averages, and it's now 29% above its 200-week average.
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 finished higher in five of the last six years. It's up 41% so far in 2026.
ETSY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.0 | $190.3 | +323% |
| 2021 | $190.3 | $228.1 | +20% |
| 2022 | $228.1 | $126.9 | -44% |
| 2023 | $126.9 | $81.1 | -36% |
| 2024 | $81.1 | $52.7 | -35% |
| 2025 | $52.7 | $55.8 | +5.8% |
| 2026 YTD | $55.8 | $88.3 | +58% |
ETSY has the edge over EBAY on returns for 2026, with the stronger performance.