EBAY
eBay Inc.
EBAY has the edge over SW overall, supported by stronger fundamentals and stronger valuation.
SW
Smurfit Westrock Plc
SW offers stronger modeled upside, 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.
SW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Under pressure |
SW's revenue, profitability and cash flow are currently stable, but its balance sheet is 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.
SW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $7.99 | -82% |
| Forward | 15x | $43.18 | — |
| Fair | 16x | $14.37 | -67% |
| Expensive | 21x | $19.12 | -56% |
| Current | 49x | $43.18 | — |
Historical ranges are pointers, not guarantees.
SW 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.
SW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
SW 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 stronger earnings trend. Trailing diluted EPS is up 0.4% for EBAY versus SW down 54%.
SW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.81 | +216% |
| Q3 2024 | -$1.93 | -147% |
| Q2 2024 | -$0.65 | -116% |
| Q1 2024 | $2.95 | -31% |
| Q4 2023 | $3.31 | -25% |
| Q3 2023 | $4.07 | -6.4% |
| Q2 2023 | $4.11 | -0.2% |
| Q1 2023 | $4.29 | +20% |
| Q4 2022 | $4.40 | +46% |
SW has returned to profit: it earned $0.89 per share over the past year, after losing money 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 SW 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 SW on profitability, with a higher operating margin.
SW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.2B | +2% |
| Q2 2026 | $8B | +1.1% |
| Q1 2026 | $7.7B | +0.7% |
| Q4 2025 | $7.6B | +0.5% |
| Q3 2025 | $8B | +4.3% |
| Q1 2025 | $7.7B | +154% |
| Q4 2024 | $7.5B | +162% |
| Q3 2024 | $7.7B | +150% |
SW's revenue has grown year over year for nine quarters in a row: $8.2B last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | -0.6 points |
| Q2 2026 | 3.9% | +0.7 points |
| Q1 2026 | 3.3% | -3.9 points |
| Q4 2025 | 5.1% | -0.2 points |
| Q3 2025 | 6.6% | +5.9 points |
| Q2 2025 | 3.2% | N/A |
| Q1 2025 | 7.2% | -3.3 points |
| Q4 2024 | 5.3% | -1 points |
SW's operating margin was 6% last quarter, down 0.6 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 SW on cash flow, with more consistent year-over-year improvement.
SW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $360M | -31% |
| Q2 2026 | $300M | -2.3% |
| Q1 2026 | -$420M | -$178M |
| Q4 2025 | $612M | +189% |
| Q2 2025 | $307M | +$307M |
| Q1 2025 | -$242M | -$57.6M |
| Q4 2024 | $212M | -61% |
| Q2 2024 | $0 | -100% |
SW generated $852M in free cash flow over the past year, up 6.5% 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 SW 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.
SW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +2M shares |
| 1 year | +0.4% | +2M shares |
| 3 years | +103% | +268M shares |
| 5 years | +105% | +270M shares |
| Available history | +121% | +289M shares |
SW has 528M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q1 2024 | $30M |
| Q4 2023 | $1.1M |
| Q3 2023 | $382,597 |
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 SW on leverage, with a lower net debt burden relative to earnings.
SW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 3.3x | Elevated |
| Q4 2025 | 3.0x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.7x | Elevated |
| Q1 2024 | 1.5x | Healthy |
| Q4 2023 | 1.7x | Healthy |
SW's net debt is about 3.2 years of its operating earnings (EBITDA), about the same as 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).
SW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 36.9 | Neutral |
SW's weekly RSI is 48 (neutral) and its Stochastic is 37 (neutral).
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY has the edge over SW on valuation relative to its sector.
SW PE vs Consumer Cyclical Sector
| Metric | SW | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 18x | 169% above |
| PE % | 92 | 47 | 45 pts above |
SW is trading at 49x earnings, a 169% premium to the Consumer Cyclical sector's median of 18x.
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 SW on trend strength, trading above more of its moving averages.
SW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.0 | 0.5% above |
| 20 week MA | $45.1 | 4.2% below |
| 50 week MA | $43.0 | 0.5% above |
| 100 week MA | $44.0 | 1.9% below |
| 200 week MA | $42.3 | 2.2% above |
SW's trend is mixed: it's above three of its five weekly moving averages, and 2.2% above 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 SW on returns for 2026, with the stronger performance.
SW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.6 | $44.5 | +4.3% |
| 2021 | $44.5 | $43.0 | -3.3% |
| 2022 | $43.0 | $35.5 | -18% |
| 2023 | $35.5 | $41.5 | +17% |
| 2024 | $41.5 | $54.4 | +31% |
| 2025 | $54.4 | $38.7 | -29% |
| 2026 YTD | $38.7 | $43.2 | +11% |
SW has finished lower in three of the last six years. It's up 11% so far in 2026.