GME
GameStop Corp.
GME offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
M
Macy's, Inc.
M has the edge over GME overall, supported by stronger modeled upside and lower modeled downside.
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.
M Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
M'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 M in the historical PE scenario, which offers more potential upside but is not a forecast.
M PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.1x | $11.23 | -54% |
| Fair | 7.3x | $19.94 | -18% |
| Current | 8.9x | $24.33 | — |
| Forward | 11x | $24.33 | — |
| Expensive | 23x | $61.89 | +154% |
Historical ranges are pointers, not guarantees.
M's PE is in its fair range at 8.9x. On analysts' estimates for next year's earnings, today's price would be 11x, in its expensive 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.
M Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
M 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 M on earnings, with more consistent year-over-year improvement.
M Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.24 | -18% |
| Q3 2026 | $2.73 | +55% |
| Q2 2026 | $2.42 | +22% |
| Q1 2026 | $2.32 | +12% |
| Q4 2025 | $1.70 | +183% |
| Q3 2025 | $1.76 | +171% |
| Q2 2025 | $1.98 | +4850% |
| Q1 2025 | $2.07 | +445% |
| Q4 2024 | $0.60 | -76% |
M's earnings per share have fallen from their peak: $2.73 over the past year, against $5.21 in early 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 M on profitability, with a higher operating margin.
M Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +1.2% |
| Q2 2026 | $4.9B | +2.1% |
| Q1 2026 | $7.9B | -1.1% |
| Q4 2025 | $4.9B | +0.2% |
| Q3 2025 | $5B | -1.9% |
| Q2 2025 | $4.8B | -4.1% |
| Q1 2025 | $8B | -4.4% |
| Q4 2024 | $4.9B | -2.7% |
M has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.8% | +1.8 points |
| Q2 2026 | 2.3% | +0.3 points |
| Q1 2026 | 9.4% | +3.2 points |
| Q4 2025 | 0.8% | -0.5 points |
| Q3 2025 | 3% | -1.4 points |
| Q2 2025 | 2% | -0.5 points |
| Q1 2025 | 6.2% | +7.1 points |
| Q4 2024 | 1.3% | -0.4 points |
M's operating margin was 4.8% last quarter, up 1.8 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 M on cash flow, with more consistent year-over-year improvement.
M Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $229M | -4.6% |
| Q2 2026 | $204M | +$368M |
| Q1 2026 | $1.1B | -9% |
| Q4 2025 | -$101M | +$194M |
| Q3 2025 | $240M | +$349M |
| Q2 2025 | -$164M | -$139M |
| Q1 2025 | $1.2B | +19% |
| Q4 2024 | -$295M | -$87M |
M still generates free cash flow, though less than at its 2022 peak: $1.4B over the past year.
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 |
M Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -800K shares |
| 1 year | -1.4% | -4M shares |
| 3 years | -0.7% | -1.9M shares |
| 5 years | -15% | -46.7M shares |
| Available history | -13% | -39.1M shares |
M has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $53M |
| Q2 2026 | $51M |
| Q1 2026 | $50M |
| Q4 2025 | $51M |
| Q3 2025 | $52M |
| Q2 2025 | $97M |
| Q1 2025 | $1M |
| Q4 2024 | — |
M spent $205M buying back its own shares over the past year, up 37% from the year before.
GME Net Leverage
M Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 2.1x | Moderate |
M's net debt is less than a year of its operating earnings (EBITDA), down from 1.1 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).
M Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 61.4 | Neutral |
M's weekly RSI is 57 (neutral) and its Stochastic is 61 (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.
M PE vs Consumer Cyclical Sector
| Metric | M | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 18x | 51% below |
| PE % | 60 | 47 | 13 pts above |
M has the edge over GME on valuation relative to its sector.
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.
M Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.5 | 3.7% above |
| 20 week MA | $23.3 | 4.4% above |
| 50 week MA | $22.0 | 11% above |
| 100 week MA | $18.3 | 33% above |
| 200 week MA | $17.6 | 38% above |
M is in an uptrend: it's above all five of its weekly moving averages, and 38% 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 has the edge over M on returns for 2026, with the stronger performance.
M Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.5 | $10.8 | -35% |
| 2021 | $10.8 | $25.1 | +134% |
| 2022 | $25.1 | $20.3 | -19% |
| 2023 | $20.3 | $20.1 | -0.9% |
| 2024 | $20.1 | $17.5 | -13% |
| 2025 | $17.5 | $22.5 | +28% |
| 2026 YTD | $22.5 | $24.3 | +8.3% |
M has finished lower in four of the last six years. It's up 8.3% so far in 2026.