GME
GameStop Corp.
GME offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
LQDT
Liquidity Services, Inc.
LQDT has the edge over GME overall, supported by lower modeled downside and stronger modeled upside.
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.
LQDT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
LQDT's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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 has the edge over LQDT in the historical PE scenario, which offers more potential upside but is not a forecast.
LQDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $11.99 | -73% |
| Forward | 25x | $45.15 | — |
| Fair | 31x | $31.35 | -31% |
| Expensive | 42x | $42.96 | -4.9% |
| Current | 44x | $45.15 | — |
Historical ranges are pointers, not guarantees.
LQDT's PE is in its expensive range at 44x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
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.
LQDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
LQDT has the edge over GME on the outlook, with more favorable valuation and earnings 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 LQDT on earnings, with more consistent year-over-year improvement.
LQDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.81 | +77% |
| Q2 2026 | $1.02 | +23% |
| Q1 2026 | $0.93 | +18% |
| Q4 2025 | $0.92 | +23% |
| Q3 2025 | $0.87 | +38% |
| Q2 2025 | $0.83 | +34% |
| Q1 2025 | $0.79 | +23% |
| Q4 2024 | $0.75 | +27% |
| Q3 2024 | $0.63 | -3.1% |
LQDT's earnings per share have fallen from their peak: $1.02 over the past year, against $1.88 in mid-2022.
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 LQDT on profitability, with a higher operating margin.
LQDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $129.6M | +8.1% |
| Q1 2026 | $120.7M | +3.7% |
| Q4 2025 | $121.2M | -0.9% |
| Q3 2025 | $118.1M | +10% |
| Q2 2025 | $119.9M | +28% |
| Q1 2025 | $116.4M | +27% |
| Q4 2024 | $122.3M | +72% |
| Q3 2024 | $106.9M | +34% |
LQDT has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +2.4 points |
| Q1 2026 | 8% | +2.1 points |
| Q4 2025 | 7.7% | +1.9 points |
| Q3 2025 | 9.3% | +2.5 points |
| Q2 2025 | 8.5% | +0.1 points |
| Q1 2025 | 5.8% | -1.4 points |
| Q4 2024 | 5.8% | +3.5 points |
| Q3 2024 | 6.8% | -3 points |
LQDT's operating margin was 11% last quarter, up 2.4 points from the same quarter a year ago.
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 LQDT on cash flow, with more consistent year-over-year improvement.
LQDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $29.4M | +71% |
| Q1 2026 | $27.4M | +39% |
| Q4 2025 | -$2.8M | +$11.2M |
| Q3 2025 | $36M | +88% |
| Q2 2025 | $17.2M | -15% |
| Q1 2025 | $19.8M | -39% |
| Q4 2024 | -$14M | -$3.4M |
| Q3 2024 | $19.2M | +45% |
LQDT generated $90M in free cash flow over the past year, up 114% from 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 |
LQDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +367K shares |
| 1 year | +1.1% | +354K shares |
| 3 years | +4.2% | +1.3M shares |
| 5 years | -7.3% | -2.6M shares |
| Available history | -1.3% | -440K shares |
LQDT has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $40,000 |
| Q4 2025 | $1.5M |
| Q3 2025 | $16.1M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $79,000 |
| Q3 2024 | — |
LQDT spent $18M buying back its own shares over the past year, more than ten times what it spent the year before.
GME Net Leverage
LQDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -4.0x | Net Cash |
| Q1 2026 | -3.9x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -3.8x | Net Cash |
| Q2 2025 | -3.7x | Net Cash |
| Q1 2025 | -3.5x | Net Cash |
| Q4 2024 | -3.2x | Net Cash |
| Q3 2024 | -4.3x | Net Cash |
LQDT has more cash than debt.
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).
LQDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.0 | Neutral |
| Stochastic | 74.7 | Neutral |
LQDT's weekly RSI is 68 (neutral) and its Stochastic is 75 (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 has the edge over LQDT on valuation relative to its sector.
LQDT PE vs Consumer Cyclical Sector
| Metric | LQDT | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 18x | 146% above |
| PE % | 88 | 47 | 41 pts above |
LQDT is trading at 44x earnings, a 146% premium to the Consumer Cyclical sector's median of 18x.
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 is in an uptrend: it's above all five of its weekly moving averages, and 17% above its 200-week average.
LQDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.0 | 2.6% above |
| 20 week MA | $42.2 | 7.1% above |
| 50 week MA | $36.6 | 23% above |
| 100 week MA | $32.3 | 40% above |
| 200 week MA | $25.3 | 78% above |
LQDT is in an uptrend: it's above all five of its weekly moving averages, and 78% above 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's yearly returns have swung widely, from +655% in 2021 to −47% in 2022. It's up 21% so far in 2026.
LQDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.85 | $16.7 | +186% |
| 2021 | $16.7 | $21.5 | +29% |
| 2022 | $21.5 | $14.0 | -35% |
| 2023 | $14.0 | $17.2 | +23% |
| 2024 | $17.2 | $32.1 | +86% |
| 2025 | $32.1 | $31.2 | -2.9% |
| 2026 YTD | $31.2 | $45.2 | +45% |
LQDT has the edge over GME on returns for 2026, with the stronger performance.