EBAY
eBay Inc.
EBAY has lower modeled downside risk, despite its lower overall score.
NEGG
Newegg Commerce, Inc.
NEGG 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.
NEGG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Under pressure | |
| Strong |
NEGG's profitability and balance sheet are currently healthy, but its revenue and cash flow 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.
NEGG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 19x | $8.65 | — |
| Cheap | 61x | $27.55 | +218% |
| Fair | 105x | $47.21 | +446% |
| Expensive | 220x | $98.94 | +1044% |
Historical ranges are pointers, not guarantees.
NEGG 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.
NEGG Forward outlook
There aren't enough analyst estimates for NEGG to show an outlook.
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's earnings per share have fallen from their peak: $4.57 over the past year, against $20.25 in late 2021.
NEGG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.45 | +$1.61 |
| Q1 2026 | $0.23 | +$1.92 |
| Q4 2025 | -$0.25 | +$1.97 |
| Q3 2025 | -$0.71 | +$1.83 |
| Q2 2025 | -$1.16 | +$1.68 |
| Q1 2025 | -$1.69 | +$1.28 |
| Q1 2024 | -$2.97 | +$0.37 |
| Q1 2023 | -$3.34 | -584% |
NEGG has the edge over EBAY on earnings, with more consistent year-over-year improvement.
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 NEGG 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 NEGG on profitability, with a higher operating margin.
NEGG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $320.4M | -8.1% |
| Q1 2026 | $306.2M | -12% |
| Q4 2025 | $374.4M | +21% |
| Q3 2025 | $374.4M | +21% |
| Q2 2025 | $348.5M | +13% |
| Q1 2025 | $347.2M | +12% |
| Q4 2024 | $308.7M | -32% |
| Q3 2024 | $308.7M | -2.8% |
NEGG's revenue is growing: $320M last quarter, down 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 0.4% | +1.6 points |
| Q1 2026 | 2.4% | +3.4 points |
| Q4 2025 | -0.3% | +3.2 points |
| Q3 2025 | -0.3% | +3.2 points |
| Q2 2025 | -1.2% | +3.7 points |
| Q1 2025 | -1% | +3.8 points |
| Q4 2024 | -3.5% | +0.4 points |
| Q3 2024 | -3.5% | +2.4 points |
NEGG's operating margin was 0.4% last quarter, up 1.6 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 NEGG on cash flow, with more consistent year-over-year improvement.
NEGG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $24.9M | +$80.3M |
| Q1 2026 | -$46.3M | -1188% |
| Q4 2025 | $10.8M | -64% |
| Q3 2025 | $10.8M | -64% |
| Q2 2025 | -$55.5M | -$23.3M |
| Q1 2025 | $4.3M | +$36.5M |
| Q4 2024 | $30M | -40% |
| Q3 2024 | $30M | +70% |
NEGG still generates free cash flow, though less than at its 2020 peak: $122,598 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 NEGG 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.
NEGG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +940 shares |
| 1 year | +7.6% | +1.5M shares |
| 3 years | +11% | +2M shares |
| 5 years | -1.4% | -303K shares |
| Available history | +16% | +2.8M shares |
NEGG has 21M diluted shares, up 7.6% from a year ago, despite $2M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.1M |
| Q3 2025 | $1.1M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $551,000 |
| Q3 2024 | $551,000 |
NEGG spent $2M buying back its own shares over the past year, up 100% 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.
NEGG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -18.3x | Net Cash |
| Q1 2022 | 2.3x | Moderate |
| Q4 2021 | 0.2x | Very low |
| Q3 2021 | -0.8x | Net Cash |
| Q2 2021 | -1.6x | Net Cash |
| Q1 2021 | -1.7x | Net Cash |
NEGG 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).
NEGG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 4.6 | Oversold |
NEGG's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
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.
NEGG PE vs Consumer Cyclical Sector
| Metric | NEGG | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 7.5% above |
| PE % | 0 | 47 | 47 pts below |
NEGG 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 NEGG on trend strength, trading above more of its moving averages.
NEGG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 19% below |
| 20 week MA | $13.4 | 36% below |
| 50 week MA | $29.3 | 71% below |
| 100 week MA | $29.7 | 71% below |
| 200 week MA | $24.9 | 65% below |
NEGG is in a downtrend: it's below all five of its weekly moving averages, and 65% 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 NEGG on returns for 2026, with the stronger performance.
NEGG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.0 | $94.2 | +47% |
| 2021 | $94.2 | $219.6 | +133% |
| 2022 | $219.6 | $26.4 | -88% |
| 2023 | $26.4 | $25.2 | -4.5% |
| 2024 | $25.2 | $8.89 | -65% |
| 2025 | $8.89 | $53.0 | +496% |
| 2026 YTD | $53.0 | $8.65 | -84% |
NEGG's yearly returns have swung widely, from +496% in 2025 to −88% in 2022. It's down 84% so far in 2026.