EBAY
eBay Inc.
EBAY's outlook is improving despite an expensive valuation.
MGM
MGM Resorts International
MGM has a slight 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.
MGM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
MGM'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.
MGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.2x | $21.76 | -35% |
| Current | 13x | $33.24 | — |
| Fair | 14x | $36.28 | +9.2% |
| Forward | 25x | $33.24 | — |
| Expensive | 34x | $88.90 | +167% |
Historical ranges are pointers, not guarantees.
MGM 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 |
EBAY has the edge over MGM on the outlook, with more favorable valuation and earnings expectations.
MGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect MGM's earnings and profitability to decline, with its 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 edge over MGM on earnings, with more consistent year-over-year improvement.
MGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.35 | -49% |
| Q3 2026 | $2.64 | +1550% |
| Q2 2026 | $1.66 | -8.8% |
| Q1 2026 | $0.73 | -67% |
| Q4 2025 | $0.76 | -68% |
| Q3 2025 | $0.16 | -94% |
| Q2 2025 | $1.82 | -32% |
| Q1 2025 | $2.24 | -15% |
| Q4 2024 | $2.40 | -25% |
MGM's earnings per share have fallen from their peak: $2.64 over the past year, against $7.10 in mid-2022.
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 MGM 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 MGM on profitability, with a higher operating margin.
MGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.2B | -0.9% |
| Q2 2026 | $4.5B | +1% |
| Q1 2026 | $4.5B | +4.2% |
| Q4 2025 | $4.6B | +6% |
| Q3 2025 | $4.3B | +1.6% |
| Q2 2025 | $4.4B | +1.8% |
| Q1 2025 | $4.3B | -2.4% |
| Q4 2024 | $4.3B | -0.7% |
MGM's revenue grew through 2024 and has held roughly level since: $4.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | +5.5 points |
| Q2 2026 | 11% | +2.1 points |
| Q1 2026 | 6.8% | -2.2 points |
| Q4 2025 | 7.1% | +0.3 points |
| Q3 2025 | -2.7% | -10 points |
| Q2 2025 | 9.2% | -0.7 points |
| Q1 2025 | 9% | -1.5 points |
| Q4 2024 | 6.7% | -2.9 points |
MGM's operating margin was 2.8% last quarter, up 5.5 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 MGM on cash flow, with more consistent year-over-year improvement.
MGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | -23% |
| Q2 2026 | $317.4M | -16% |
| Q1 2026 | $413.1M | +29% |
| Q4 2025 | $358.5M | +34% |
| Q3 2025 | $405.4M | +22% |
| Q2 2025 | $377.4M | +60% |
| Q1 2025 | $319M | -15% |
| Q4 2024 | $267.5M | -31% |
MGM generated $1.4B in free cash flow over the past year, up 2.2% 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.
MGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -5.8M shares |
| 1 year | -7.5% | -20.6M shares |
| 3 years | -28% | -99.4M shares |
| 5 years | -48% | -232M shares |
| Available history | -52% | -276M shares |
MGM has the edge over EBAY on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $173.6M |
| Q1 2026 | $88.9M |
| Q4 2025 | $511.1M |
| Q3 2025 | $12,000 |
| Q2 2025 | $227.9M |
| Q1 2025 | $489.3M |
| Q4 2024 | $119.8M |
MGM spent $774M buying back its own shares over the past year, down 7.6% 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.
MGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.7x | Healthy |
MGM 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).
MGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 27.4 | Neutral |
MGM's weekly RSI is 41 (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.
MGM PE vs Consumer Cyclical Sector
| Metric | MGM | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 30% below |
| PE % | 36 | 47 | 11 pts below |
MGM 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 has the edge over MGM on trend strength, trading above more of its moving averages.
MGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 8.7% above |
| 20 week MA | $38.4 | 13% below |
| 50 week MA | $38.4 | 13% below |
| 100 week MA | $36.1 | 7.9% below |
| 200 week MA | $38.8 | 14% below |
MGM has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 14% 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 MGM on returns for 2026, with the stronger performance.
MGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.6 | $30.7 | -8.5% |
| 2021 | $30.7 | $45.7 | +49% |
| 2022 | $45.7 | $33.8 | -26% |
| 2023 | $33.8 | $44.7 | +32% |
| 2024 | $44.7 | $34.8 | -22% |
| 2025 | $34.8 | $37.7 | +8.4% |
| 2026 YTD | $37.7 | $33.2 | -12% |
MGM has finished lower in three of the last six years. It's down 12% so far in 2026.