EBAY
eBay Inc.
EBAY has the edge over FLUT overall, supported by stronger fundamentals and lower modeled downside.
FLUT
Flutter Entertainment plc
FLUT offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
FLUT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
FLUT's revenue and cash flow are currently stable, but its profitability and balance sheet are under pressure.
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.
FLUT PE Valuation
FLUT has no meaningful PE right now: it lost money over the past year.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
FLUT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
FLUT has the edge over EBAY on the outlook, with more favorable profitability expectations.
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 FLUT on earnings quality, reporting a profit while its opponent remains loss making.
FLUT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.80 | — |
| Q3 2026 | -$5.24 | -$3.96 |
| Q2 2026 | -$4.25 | -307% |
| Q1 2026 | -$2.09 | -172% |
| Q4 2025 | -$1.75 | -829% |
FLUT lost $5.24 per share over the past year, and its loss has widened in each of the last six quarters.
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 has the edge over FLUT on profitability, with a higher operating margin.
FLUT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +2.1% |
| Q2 2026 | $4.3B | +3.3% |
| Q1 2026 | $4.3B | +17% |
| Q4 2025 | $4.7B | +25% |
| Q3 2025 | $3.8B | +17% |
| Q2 2025 | $4.2B | +16% |
| Q1 2025 | $3.7B | +7.9% |
FLUT has the edge over EBAY on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -31% | -8.8 points |
| Q2 2026 | -3.3% | -13 points |
| Q1 2026 | 1.8% | -4.2 points |
| Q4 2025 | 5.5% | -1.9 points |
| Q3 2025 | -22% | -25 points |
| Q2 2025 | 9.3% | -0.9 points |
| Q1 2025 | 6.1% | +2.4 points |
| Q4 2024 | 7.4% | N/A |
FLUT's operating margin was −31% last quarter, down 8.8 points from the same quarter a year ago, near the bottom of its range since 2024.
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 FLUT on cash flow, with more consistent year-over-year improvement.
FLUT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $191M | -2.6% |
| Q2 2026 | $349M | +8.4% |
| Q1 2026 | $305M | +80% |
| Q4 2025 | $392M | -34% |
| Q3 2025 | $196M | -23% |
| Q2 2025 | $322M | +9.2% |
| Q1 2025 | $169M | -46% |
FLUT's free cash flow has been positive every quarter since early 2024: $1.2B over the past year, down 3.5% 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 the edge over FLUT 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.
FLUT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +1M shares |
| 1 year | 0% | -- |
FLUT has 176M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $129M |
| Q1 2026 | $135M |
| Q4 2025 | $279M |
| Q3 2025 | $261M |
| Q2 2025 | $339M |
| Q1 2025 | $244M |
| Q4 2024 | $219M |
FLUT spent $543M buying back its own shares over the past year, down 49% 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 has the edge over FLUT on leverage, with a lower net debt burden relative to earnings.
FLUT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 16.1x | High |
| Q2 2026 | 10.1x | High |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 6.7x | High |
| Q3 2025 | 7.4x | High |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.7x | Moderate |
FLUT's net debt is about 16 years of its operating earnings (EBITDA), up from 7.4 years a year ago.
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).
FLUT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.2 | Neutral |
| Stochastic | 27.1 | Neutral |
FLUT's weekly RSI is 36 (neutral) and its Stochastic is 27 (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.
FLUT PE vs Consumer Cyclical Sector
| Metric | FLUT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FLUT has no meaningful PE right now: it lost money over the past year.
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 FLUT on trend strength, trading above more of its moving averages.
FLUT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.0 | 2.5% above |
| 20 week MA | $93.0 | 12% below |
| 50 week MA | $119.4 | 31% below |
| 100 week MA | $189.2 | 57% below |
| 200 week MA | $191.9 | 57% below |
FLUT has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 57% below 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 the edge over FLUT on returns for 2026, with the stronger performance.
FLUT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $115.0 | $202.5 | +76% |
| 2021 | $202.5 | $152.5 | -25% |
| 2022 | $152.5 | $139.5 | -8.5% |
| 2023 | $139.5 | $179.0 | +28% |
| 2024 | $179.0 | $261.8 | +46% |
| 2025 | $261.8 | $220.7 | -16% |
| 2026 YTD | $220.7 | $82.0 | -63% |
FLUT has finished lower in three of the last six years. It's down 63% so far in 2026.