EBAY
eBay Inc.
EBAY has the edge over ONEW overall, supported by lower modeled downside and stronger fundamentals.
ONEW
OneWater Marine Inc.
ONEW 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.
ONEW Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Weak |
ONEW's revenue, profitability, cash flow and balance sheet are all currently 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.
ONEW PE Valuation
ONEW 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.
ONEW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ONEW's earnings to grow and its profitability to improve, with its revenue holding steady.
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 ONEW on earnings quality, reporting a profit while its opponent remains loss making.
ONEW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.12 | — |
| Q2 2026 | -$7.46 | -$6.65 |
| Q1 2026 | -$7.50 | -$7.03 |
| Q4 2025 | -$6.74 | -$6.02 |
| Q3 2025 | -$7.08 | -$6.68 |
| Q2 2025 | -$0.81 | +$5.84 |
| Q1 2025 | -$0.47 | +$5.22 |
| Q4 2024 | -$0.72 | +$3.14 |
| Q3 2024 | -$0.40 | +$2.36 |
ONEW lost $7.46 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 ONEW 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 ONEW on profitability, with a higher operating margin.
ONEW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $530.7M | -4% |
| Q1 2026 | $442.3M | -8.5% |
| Q4 2025 | $380.6M | +1.3% |
| Q3 2025 | $460.1M | +22% |
| Q2 2025 | $552.9M | +1.9% |
| Q1 2025 | $483.5M | -1% |
| Q4 2024 | $375.8M | +3.2% |
| Q3 2024 | $377.9M | -16% |
ONEW's revenue grew through 2022 and has held roughly level since: $531M last quarter, down 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.7% | +1.2 points |
| Q1 2026 | 3.5% | +0.2 points |
| Q4 2025 | 0.9% | +1.5 points |
| Q3 2025 | 3.1% | +1.9 points |
| Q2 2025 | 5.5% | -1.9 points |
| Q1 2025 | 3.4% | +0.5 points |
| Q4 2024 | -0.5% | -2.3 points |
| Q3 2024 | 1.2% | +27 points |
ONEW's operating margin was 6.7% last quarter, up 1.2 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.
ONEW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $77.9M | -12% |
| Q1 2026 | $50M | +110% |
| Q4 2025 | -$78.4M | -$38M |
| Q3 2025 | $7.2M | -69% |
| Q2 2025 | $88.6M | +2.1% |
| Q1 2025 | $23.8M | +75% |
| Q4 2024 | -$40.4M | +$75M |
| Q3 2024 | $23M | +$24.2M |
ONEW still generates free cash flow, though less than at its 2020 peak: $57M 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 ONEW 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.
ONEW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +340K shares |
| 1 year | +3.1% | +510K shares |
| 3 years | +16% | +2.3M shares |
| 5 years | +49% | +5.6M shares |
| Available history | +214% | +11.6M shares |
ONEW has 17M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $1.8M |
| Q3 2024 | — |
ONEW hasn't bought back shares in the past year.
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.
ONEW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 11.7x | High |
| Q1 2025 | 11.4x | High |
| Q4 2024 | 10.4x | High |
| Q3 2024 | 9.5x | High |
| Q2 2024 | 8.1x | High |
| Q1 2024 | 7.5x | High |
| Q4 2023 | 6.5x | High |
| Q3 2023 | 5.3x | High |
ONEW's net debt is about 12 years of its operating earnings (EBITDA), up from 8.1 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).
ONEW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 21.7 | Neutral |
ONEW's weekly RSI is 44 (neutral) and its Stochastic is 22 (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.
ONEW PE vs Consumer Cyclical Sector
| Metric | ONEW | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
ONEW 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 ONEW on trend strength, trading above more of its moving averages.
ONEW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.62 | 2.4% above |
| 20 week MA | $10.9 | 9.6% below |
| 50 week MA | $11.1 | 11% below |
| 100 week MA | $13.3 | 26% below |
| 200 week MA | $20.0 | 51% below |
ONEW has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 51% 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 ONEW on returns for 2026, with the stronger performance.
ONEW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.1 | $29.8 | +97% |
| 2021 | $29.8 | $53.2 | +79% |
| 2022 | $53.2 | $28.2 | -47% |
| 2023 | $28.2 | $33.8 | +20% |
| 2024 | $33.8 | $17.7 | -47% |
| 2025 | $17.7 | $10.6 | -41% |
| 2026 YTD | $10.6 | $9.85 | -6.6% |
ONEW has finished lower in three of the last six years. It's down 6.6% so far in 2026.