GME
GameStop Corp.
GME offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MUSA
Murphy USA Inc.
MUSA 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.
MUSA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
MUSA's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 MUSA in the historical PE scenario, which offers more potential upside but is not a forecast.
MUSA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $385 | -28% |
| Fair | 15x | $534 | -0.1% |
| Current | 15x | $535 | — |
| Forward | 18x | $535 | — |
| Expensive | 20x | $697 | +30% |
Historical ranges are pointers, not guarantees.
MUSA's PE is in its fair range at 15x. On analysts' estimates for next year's earnings, today's price would be 18x, 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.
MUSA Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Growth | |
| Stable | |
| Limited | |
| Low |
MUSA 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 MUSA on earnings, with more consistent year-over-year improvement.
MUSA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $29.88 | -16% |
| Q3 2026 | $35.49 | +50% |
| Q2 2026 | $32.66 | +36% |
| Q1 2026 | $28.75 | +22% |
| Q4 2025 | $24.10 | 0% |
| Q3 2025 | $23.62 | -2.5% |
| Q2 2025 | $24.06 | -2.6% |
| Q1 2025 | $23.62 | -0.8% |
| Q4 2024 | $24.11 | -5.4% |
MUSA earned $35.49 per share over the past year, up 50% from 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 MUSA on profitability, with a higher operating margin.
MUSA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.9B | +35% |
| Q2 2026 | $6.8B | +36% |
| Q1 2026 | $4.8B | +6.5% |
| Q4 2025 | $4.7B | +0.7% |
| Q3 2025 | $5.1B | -2.5% |
| Q2 2025 | $5B | -8.2% |
| Q1 2025 | $4.5B | -6.6% |
| Q4 2024 | $4.7B | -7.1% |
MUSA has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | -0.2 points |
| Q2 2026 | 4.5% | +0.1 points |
| Q1 2026 | 4.3% | +2.3 points |
| Q4 2025 | 4.4% | +0.2 points |
| Q3 2025 | 4% | -0.3 points |
| Q2 2025 | 4.4% | +0.4 points |
| Q1 2025 | 1.9% | -0.2 points |
| Q4 2024 | 4.2% | -0.1 points |
MUSA's operating margin was 3.8% last quarter, about level with 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 MUSA on cash flow, with more consistent year-over-year improvement.
MUSA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $193.7M | +186% |
| Q2 2026 | $123.3M | -10% |
| Q1 2026 | $221.7M | +445% |
| Q4 2025 | $128.8M | +5.8% |
| Q3 2025 | $67.7M | +3.8% |
| Q2 2025 | $137.1M | -4% |
| Q1 2025 | $40.7M | -32% |
| Q4 2024 | $121.7M | -25% |
MUSA's free cash flow has been positive every quarter for seven years: $668M over the past year, up 82% 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 |
MUSA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -192K shares |
| 1 year | -4.5% | -872K shares |
| 3 years | -16% | -3.4M shares |
| 5 years | -30% | -7.8M shares |
| Available history | -42% | -13.5M shares |
MUSA has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $156.2M |
| Q2 2026 | $82.3M |
| Q1 2026 | $70.5M |
| Q4 2025 | $66.9M |
| Q3 2025 | $219.2M |
| Q2 2025 | $213.8M |
| Q1 2025 | $150M |
| Q4 2024 | $128M |
MUSA spent $376M buying back its own shares over the past year, down 47% from the year before.
GME Net Leverage
MUSA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 2.0x | Healthy |
| Q4 2024 | 1.8x | Healthy |
MUSA's net debt is about 1.6 years of its operating earnings (EBITDA), down from 2.2 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).
MUSA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 37.4 | Neutral |
MUSA's weekly RSI is 51 (neutral) and its Stochastic is 37 (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.
MUSA PE vs Consumer Cyclical Sector
| Metric | MUSA | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 18x | 16% below |
| PE % | 50 | 47 | 3 pts above |
MUSA 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 has the edge over MUSA on trend strength, trading above more of its moving averages.
MUSA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $528.7 | 1.1% above |
| 20 week MA | $547.2 | 2.3% below |
| 50 week MA | $503.4 | 6.2% above |
| 100 week MA | $467.6 | 14% above |
| 200 week MA | $425.8 | 26% above |
MUSA's trend is mixed: it's above four of its five weekly moving averages, and 26% 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.
MUSA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $119.5 | $130.2 | +8.9% |
| 2021 | $130.2 | $191.6 | +47% |
| 2022 | $191.6 | $293.4 | +53% |
| 2023 | $293.4 | $356.6 | +22% |
| 2024 | $356.6 | $505.2 | +42% |
| 2025 | $505.2 | $405.0 | -20% |
| 2026 YTD | $405.0 | $534.7 | +32% |
MUSA has the edge over GME on returns for 2026, with the stronger performance.