GME
GameStop Corp.
GME has the edge over IP overall, supported by stronger fundamentals and stronger valuation.
IP
International Paper Company
IP has lower modeled downside risk, despite its lower overall score.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
IP Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Stable | |
| Weak |
IP's cash flow is currently stable, but its revenue, profitability and balance sheet are under pressure.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME's PE is in its cheap range at 17x. Analysts expect earnings to fall, which would put today's price at 38x next year's earnings, in its fair range.
IP PE Valuation
IP has no meaningful PE right now: it lost money over the past year.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
IP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
IP has the edge over GME on the outlook, with more favorable earnings and revenue expectations.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over IP on earnings quality, reporting a profit while its opponent remains loss making.
IP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.18 | — |
| Q3 2026 | -$6.56 | -$3.95 |
| Q2 2026 | -$6.52 | -$6.42 |
| Q1 2026 | -$6.36 | -644% |
| Q4 2025 | -$6.71 | -527% |
| Q3 2025 | -$2.61 | -323% |
| Q2 2025 | -$0.10 | -108% |
| Q1 2025 | $1.17 | +139% |
| Q4 2024 | $1.57 | +91% |
IP lost $6.56 per share over the past year, a bigger loss than the year before.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME's revenue has slid since its 2022 peak: $790M last quarter, down 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME has the edge over IP on profitability, with a higher operating margin.
IP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.2B | -0.4% |
| Q2 2026 | $6B | -11% |
| Q1 2026 | $6B | +1.2% |
| Q4 2025 | $6B | +31% |
| Q3 2025 | $6.2B | +33% |
| Q2 2025 | $6.8B | +43% |
| Q1 2025 | $5.9B | +28% |
| Q4 2024 | $4.6B | -0.5% |
IP has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -19% | -8.4 points |
| Q2 2026 | -0.4% | -2.1 points |
| Q1 2026 | 1.6% | +3.9 points |
| Q4 2025 | -44% | -39 points |
| Q3 2025 | -11% | -16 points |
| Q2 2025 | 1.7% | -5.1 points |
| Q1 2025 | -2.3% | -6 points |
| Q4 2024 | -4.9% | +2.2 points |
IP's operating margin was −19% last quarter, down 8.4 points from the same quarter a year ago, near the bottom of its range since 2019.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME has the edge over IP on cash flow, with more consistent year-over-year improvement.
IP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$267M | -278% |
| Q2 2026 | -$7M | -113% |
| Q1 2026 | $94M | +$712M |
| Q4 2025 | $255M | +86% |
| Q3 2025 | $150M | -51% |
| Q2 2025 | $54M | -68% |
| Q1 2025 | -$618M | -529% |
| Q4 2024 | $137M | -27% |
IP's free cash flow is usually positive and has bounced back after one negative quarter: $75M over the past year, against −$277M the year before.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
IP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +100K shares |
| 1 year | +0.3% | +1.6M shares |
| 3 years | +53% | +183M shares |
| 5 years | +26% | +111M shares |
| Available history | +26% | +108M shares |
IP has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1M |
| Q1 2026 | $30M |
| Q4 2025 | $1M |
| Q3 2025 | $1M |
| Q2 2025 | $1M |
| Q1 2025 | $62M |
| Q4 2024 | $1M |
IP spent $32M buying back its own shares over the past year, down 51% from the year before.
GME Net Leverage
IP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 5.2x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 2.4x | Moderate |
| Q3 2024 | 2.3x | Moderate |
| Q2 2024 | 2.3x | Moderate |
| Q1 2024 | 2.3x | Moderate |
| Q4 2023 | 2.1x | Moderate |
IP's net debt is about 5.2 years of its operating earnings (EBITDA), up from 2.3 years a year ago.
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
IP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 31.0 | Neutral |
IP's weekly RSI is 44 (neutral) and its Stochastic is 31 (neutral).
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
IP PE vs Consumer Cyclical Sector
| Metric | IP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
IP has no meaningful PE right now: it lost money over the past year.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME has the edge over IP on trend strength, trading above more of its moving averages.
IP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.9 | 0.1% above |
| 20 week MA | $36.9 | 8% below |
| 50 week MA | $37.6 | 9.8% below |
| 100 week MA | $43.3 | 22% below |
| 200 week MA | $41.3 | 18% below |
IP has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 18% below its 200-week average.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME has the edge over IP on returns for 2026, with the stronger performance.
IP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.5 | $47.1 | +8.4% |
| 2021 | $47.1 | $45.8 | -2.7% |
| 2022 | $45.8 | $34.7 | -24% |
| 2023 | $34.7 | $36.2 | +4.1% |
| 2024 | $36.2 | $54.5 | +51% |
| 2025 | $54.5 | $39.9 | -27% |
| 2026 YTD | $39.9 | $33.9 | -15% |
IP has finished lower in three of the last six years. It's down 15% so far in 2026.