EBAY
eBay Inc.
EBAY has the edge over FUN overall, supported by lower modeled downside and stronger fundamentals.
FUN
Six Flags Entertainment Corporation
FUN 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.
FUN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Healthy | |
| Weak |
FUN's cash flow is currently healthy, but its revenue, 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.
FUN PE Valuation
FUN 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.
FUN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect FUN's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
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 stronger earnings trend. Trailing diluted EPS is up 0.4% for EBAY versus FUN down 1,509%.
FUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$0.65 | -123% |
| Q2 2024 | $2.46 | -46% |
| Q1 2024 | $2.42 | -45% |
| Q4 2023 | $2.44 | -55% |
| Q3 2023 | $2.88 | -39% |
| Q2 2023 | $4.53 | +212% |
| Q1 2023 | $4.38 | +$4.86 |
| Q4 2022 | $5.43 | +$6.30 |
FUN lost $9.16 per share over the past year, a bigger loss than 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 FUN 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 FUN on profitability, with a higher operating margin.
FUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -11% |
| Q2 2026 | $864.9M | -7% |
| Q1 2026 | $225.6M | +12% |
| Q4 2025 | $650.1M | -5.4% |
| Q3 2025 | $1.3B | -2.3% |
| Q2 2025 | $930.4M | +63% |
| Q1 2025 | $202.1M | +99% |
| Q4 2024 | $687.3M | +85% |
FUN's revenue is shrinking: $1.2B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +58 points |
| Q2 2026 | 10% | +2.2 points |
| Q1 2026 | -138% | +21 points |
| Q4 2025 | -3.8% | -11 points |
| Q3 2025 | -84% | -103 points |
| Q2 2025 | 8% | -14 points |
| Q1 2025 | -159% | -35 points |
| Q4 2024 | 7.4% | -0.3 points |
FUN's operating margin was −26% last quarter, up 58 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 generated $2.4B in free cash flow over the past year, up 54% from the year before.
FUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $254M | -0.8% |
| Q2 2026 | $140.3M | +645% |
| Q1 2026 | -$137.1M | +$180.8M |
| Q4 2025 | -$109.3M | +$16.5M |
| Q3 2025 | $256.2M | +13% |
| Q1 2025 | -$318M | -$150.3M |
| Q4 2024 | -$125.8M | -$70.6M |
| Q3 2024 | $227.7M | -16% |
FUN's free cash flow has turned positive after six years mostly in the red: $148M over the past year.
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 FUN 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.
FUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +137K shares |
| 1 year | +1% | +984K shares |
| 3 years | +98% | +50.5M shares |
| 5 years | +80% | +45.2M shares |
| Available history | +80% | +45.2M shares |
FUN has 102M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | $2.7M |
| Q3 2023 | $12M |
| Q2 2023 | $7.6M |
| Q1 2023 | $54.9M |
| Q4 2022 | $120.7M |
| Q3 2022 | $63.9M |
| Q2 2022 | $12,000 |
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.
FUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 9.3x | High |
| Q1 2025 | 9.9x | High |
| Q4 2024 | 7.8x | High |
| Q3 2024 | 8.9x | High |
| Q2 2024 | 4.7x | High |
| Q1 2024 | 5.3x | High |
| Q4 2023 | 4.9x | High |
| Q3 2023 | 4.6x | High |
FUN's net debt is about 9.3 years of its operating earnings (EBITDA), up from 4.7 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).
FUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 25.9 | Neutral |
FUN's weekly RSI is 41 (neutral) and its Stochastic is 26 (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.
FUN PE vs Consumer Cyclical Sector
| Metric | FUN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FUN 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 FUN on trend strength, trading above more of its moving averages.
FUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.86 | 13% above |
| 20 week MA | $13.9 | 20% below |
| 50 week MA | $16.5 | 32% below |
| 100 week MA | $24.3 | 54% below |
| 200 week MA | $33.2 | 66% below |
FUN has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 66% 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 FUN on returns for 2026, with the stronger performance.
FUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.7 | $39.1 | -30% |
| 2021 | $39.1 | $50.0 | +28% |
| 2022 | $50.0 | $39.9 | -20% |
| 2023 | $39.9 | $39.8 | -0.3% |
| 2024 | $39.8 | $49.1 | +23% |
| 2025 | $49.1 | $14.9 | -70% |
| 2026 YTD | $14.9 | $11.2 | -25% |
FUN has finished lower in four of the last six years. It's down 25% so far in 2026.