GME
GameStop Corp.
GME offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
PDD
PDD Holdings Inc.
PDD 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.
PDD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PDD'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'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.
PDD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.2x | $77.53 | — |
| Cheap | 9.9x | $94.09 | +21% |
| Fair | 17x | $164 | +112% |
| Expensive | 32x | $303 | +291% |
Historical ranges are pointers, not guarantees.
PDD has the edge over GME in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
PDD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
PDD 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 PDD on earnings, with more consistent year-over-year improvement.
PDD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $9.46 | -4.7% |
| Q1 2026 | $9.81 | -2.4% |
| Q4 2025 | $10.05 | -12% |
| Q3 2025 | $10.35 | -5.9% |
| Q2 2025 | $9.93 | -1.2% |
| Q1 2025 | $10.05 | +23% |
| Q4 2024 | $11.41 | +86% |
| Q3 2024 | $11.00 | +132% |
PDD earned $9.46 per share over the past year, down 4.7% from the year before. Its recent earnings include one-off gains.
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's operating margin was 20% last quarter, up 13 points from the same quarter a year ago, near the top of its range since 2019.
PDD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $16.9B | +8.1% |
| Q1 2026 | $15.9B | +11% |
| Q4 2025 | $18.6B | +12% |
| Q3 2025 | $16.2B | +9% |
| Q2 2025 | $15.6B | +7.1% |
| Q1 2025 | $14.4B | +10% |
| Q4 2024 | $16.6B | +24% |
| Q3 2024 | $14.9B | +44% |
PDD has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 25% | -0.1 points |
| Q1 2026 | 18% | +1.6 points |
| Q4 2025 | 21% | -2 points |
| Q3 2025 | 23% | -1.3 points |
| Q2 2025 | 25% | -8.7 points |
| Q1 2025 | 17% | -13 points |
| Q4 2024 | 23% | -2.1 points |
| Q3 2024 | 24% | +0.3 points |
PDD has the edge over GME on profitability, with a higher operating margin.
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 PDD on cash flow, with more consistent year-over-year improvement.
PDD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.9B | +19% |
| Q1 2026 | $2.5B | +6% |
| Q4 2025 | $3.6B | -16% |
| Q3 2025 | $6.9B | +66% |
| Q2 2025 | $3.2B | -51% |
| Q1 2025 | $2.3B | -26% |
| Q4 2024 | $4.3B | -21% |
| Q3 2024 | $4.1B | -15% |
PDD generated $16.8B in free cash flow over the past year, up 20% 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 |
PDD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -6.5M shares |
| 1 year | -0.6% | -8.4M shares |
| 3 years | +1% | +15.2M shares |
| 5 years | +3.1% | +43.6M shares |
| Available history | +27% | +311M shares |
PDD has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PDD hasn't bought back shares in the past year.
GME Net Leverage
PDD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
PDD 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).
PDD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.2 | Neutral |
| Stochastic | 27.1 | Neutral |
PDD's weekly RSI is 41 (neutral) and its Stochastic is 27 (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.
PDD PE vs Consumer Cyclical Sector
| Metric | PDD | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 18x | 54% below |
| PE % | 2 | 47 | 45 pts below |
PDD 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 PDD on trend strength, trading above more of its moving averages.
PDD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.2 | 2.1% below |
| 20 week MA | $82.3 | 5.8% below |
| 50 week MA | $93.3 | 17% below |
| 100 week MA | $104.0 | 25% below |
| 200 week MA | $107.0 | 28% below |
PDD is in a downtrend: it's below all five of its weekly moving averages, and 28% 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 PDD on returns for 2026, with the stronger performance.
PDD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.2 | $152.8 | +289% |
| 2021 | $152.8 | $57.7 | -62% |
| 2022 | $57.7 | $84.0 | +46% |
| 2023 | $84.0 | $146.3 | +74% |
| 2024 | $146.3 | $97.5 | -33% |
| 2025 | $97.5 | $115.0 | +18% |
| 2026 YTD | $115.0 | $77.5 | -33% |
PDD's yearly returns have swung widely, from +289% in 2020 to −62% in 2021. It's down 33% so far in 2026.