EBAY
eBay Inc.
EBAY has a slight edge over WINA overall, supported by stronger fundamentals and lower modeled downside.
WINA
Winmark Corporation
WINA 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.
WINA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
WINA's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
WINA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $240 | -12% |
| Current | 24x | $272 | — |
| Fair | 28x | $312 | +15% |
| Expensive | 36x | $403 | +48% |
Historical ranges are pointers, not guarantees.
WINA 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.
WINA Forward outlook
There aren't enough analyst estimates for WINA 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 has the edge over WINA on earnings, with more consistent year-over-year improvement.
WINA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $11.20 | -0.2% |
| Q2 2026 | $11.01 | -2% |
| Q1 2026 | $11.09 | -0.9% |
| Q4 2025 | $11.30 | +3.8% |
| Q3 2025 | $11.22 | +2.6% |
| Q2 2025 | $11.23 | +2.5% |
| Q1 2025 | $11.19 | +2.1% |
| Q4 2024 | $10.89 | -1.4% |
WINA earned $11.20 per share over the past year, about the same as 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 WINA 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's operating margin was 19% last quarter, down 1.2 points from the same quarter a year ago.
WINA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.9M | +23% |
| Q2 2026 | $22M | +7.6% |
| Q1 2026 | $20.8M | -4.9% |
| Q4 2025 | $21.1M | +7.9% |
| Q3 2025 | $22.6M | +5.2% |
| Q2 2025 | $20.4M | +1.5% |
| Q1 2025 | $21.9M | +9% |
| Q4 2024 | $19.5M | -2.5% |
WINA's revenue has picked up after three years of holding roughly level: $28M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 57% | -9.3 points |
| Q2 2026 | 62% | -1.9 points |
| Q1 2026 | 59% | -2.7 points |
| Q4 2025 | 62% | -3.6 points |
| Q3 2025 | 66% | -3.5 points |
| Q2 2025 | 64% | -0.7 points |
| Q1 2025 | 62% | +1.3 points |
| Q4 2024 | 65% | +2.8 points |
WINA has the edge over EBAY on profitability, with a higher operating margin.
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.
WINA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.7M | +4.4% |
| Q2 2026 | $10.7M | +19% |
| Q1 2026 | $11.9M | -21% |
| Q4 2025 | $8.5M | +0.5% |
| Q3 2025 | $12.2M | +0.6% |
| Q2 2025 | $9M | +11% |
| Q1 2025 | $15M | +13% |
| Q4 2024 | $8.5M | -2.4% |
WINA has the edge over EBAY on cash flow, with more consistent year-over-year improvement.
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 WINA 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.
WINA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -10.3K shares |
| 1 year | -0.2% | -7.5K shares |
| 3 years | +0.9% | +31.9K shares |
| 5 years | -2.6% | -97.2K shares |
| Available history | -10% | -415K shares |
WINA has 4M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.1M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $168,800 |
| Q1 2025 | $2.2M |
| Q4 2022 | $838,600 |
| Q3 2022 | $433,700 |
| Q2 2022 | $11.3M |
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.
WINA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.9x | Very low |
WINA 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).
WINA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.3 | Neutral |
| Stochastic | 6.8 | Oversold |
WINA's weekly RSI is 35 (neutral) and its Stochastic is 7 (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.
WINA PE vs Consumer Cyclical Sector
| Metric | WINA | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 18x | 35% above |
| PE % | 39 | 47 | 8 pts below |
WINA 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 WINA on trend strength, trading above more of its moving averages.
WINA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $287.9 | 5.6% below |
| 20 week MA | $324.0 | 16% below |
| 50 week MA | $379.4 | 28% below |
| 100 week MA | $389.0 | 30% below |
| 200 week MA | $376.0 | 28% below |
WINA is in a downtrend: it's below all five of its weekly moving averages, and 28% 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 WINA on returns for 2026, with the stronger performance.
WINA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $196.2 | $184.0 | -6.2% |
| 2021 | $184.0 | $241.9 | +31% |
| 2022 | $241.9 | $238.4 | -1.5% |
| 2023 | $238.4 | $417.6 | +75% |
| 2024 | $417.6 | $396.2 | -5.1% |
| 2025 | $396.2 | $410.2 | +3.5% |
| 2026 YTD | $410.2 | $271.7 | -34% |
WINA has finished lower in three of the last six years. It's down 34% so far in 2026.