GOOGL
Alphabet Inc.
GOOGL has the edge over IQ overall, supported by stronger fundamentals and lower modeled downside.
IQ
iQIYI, Inc.
IQ's outlook is improving, though it still trails on the overall score.
GOOGL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Under pressure | |
| Healthy |
GOOGL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
IQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Weak |
IQ's revenue, profitability, cash flow and balance sheet are all currently under pressure.
GOOGL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 16x | $299 | — |
| Cheap | 20x | $378 | +27% |
| Forward | 22x | $299 | — |
| Fair | 26x | $497 | +66% |
| Expensive | 31x | $586 | +96% |
Historical ranges are pointers, not guarantees.
GOOGL's PE is in its cheap range at 16x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 22x.
IQ PE Valuation
IQ has no meaningful PE right now: it lost money over the past year.
GOOGL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for GOOGL, but weaker profitability.
IQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect IQ's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
GOOGL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.89 | -28% |
| Q3 2026 | $19.16 | +89% |
| Q2 2026 | $19.91 | +112% |
| Q1 2026 | $13.11 | +46% |
| Q4 2025 | $10.81 | +34% |
| Q3 2025 | $10.13 | +34% |
| Q2 2025 | $9.38 | +35% |
| Q1 2025 | $8.96 | +37% |
| Q4 2024 | $8.04 | +39% |
GOOGL has the edge over IQ on earnings quality, reporting a profit while its opponent remains loss making.
IQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.13 | -1400% |
| Q1 2026 | -$0.11 | -375% |
| Q4 2025 | -$0.04 | -136% |
| Q3 2025 | -$0.07 | -132% |
| Q2 2025 | $0.01 | -96% |
| Q1 2025 | $0.04 | -87% |
| Q4 2024 | $0.11 | -63% |
| Q3 2024 | $0.22 | -21% |
IQ has swung to a loss: it lost $0.13 per share over the past year, after a profit the year before.
GOOGL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $127.6B | +25% |
| Q2 2026 | $119.8B | +24% |
| Q1 2026 | $109.9B | +22% |
| Q4 2025 | $113.8B | +18% |
| Q3 2025 | $102.3B | +16% |
| Q2 2025 | $96.4B | +14% |
| Q1 2025 | $90.2B | +12% |
| Q4 2024 | $96.5B | +12% |
GOOGL has the edge over IQ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +1.3 points |
| Q2 2026 | 34% | +1.6 points |
| Q1 2026 | 36% | +2.2 points |
| Q4 2025 | 32% | -0.5 points |
| Q3 2025 | 31% | -1.8 points |
| Q2 2025 | 32% | +0.1 points |
| Q1 2025 | 34% | +2.3 points |
| Q4 2024 | 32% | +4.6 points |
GOOGL has the edge over IQ on profitability, with a higher operating margin.
IQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $940.8M | -5.4% |
| Q1 2026 | $934.3M | -13% |
| Q4 2025 | $1B | +2.7% |
| Q3 2025 | $1B | -7.8% |
| Q2 2025 | $994.7M | -11% |
| Q1 2025 | $1.1B | -9.3% |
| Q4 2024 | $992.5M | -14% |
| Q3 2024 | $1.1B | -9.6% |
IQ's revenue has slid since its 2023 peak: $941M last quarter, down 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.7% | -1 points |
| Q1 2026 | -3.7% | -8.4 points |
| Q4 2025 | 0.8% | -3.5 points |
| Q3 2025 | -1.8% | -5.1 points |
| Q2 2025 | -0.7% | -5.3 points |
| Q1 2025 | 4.8% | -7.2 points |
| Q4 2024 | 4.3% | -5.7 points |
| Q3 2024 | 3.3% | -6 points |
IQ's operating margin was −1.7% last quarter, down 1 points from the same quarter a year ago.
GOOGL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.1B | -137% |
| Q2 2026 | -$5.9B | -210% |
| Q1 2026 | $10.1B | -47% |
| Q4 2025 | $24.6B | -1.2% |
| Q3 2025 | $24.5B | +39% |
| Q2 2025 | $5.3B | -61% |
| Q1 2025 | $19B | +13% |
| Q4 2024 | $24.8B | +215% |
GOOGL has the edge over IQ on cash flow, with more consistent year-over-year improvement.
IQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $48M | +$53.1M |
| Q1 2026 | $16.5M | -65% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | -$43.6M | -224% |
| Q2 2025 | -$5.1M | -109% |
| Q1 2025 | $47.5M | -65% |
| Q4 2024 | $71.1M | -23% |
| Q3 2024 | $35.2M | -72% |
IQ still generates free cash flow, though less than at its 2023 peak: $21M over the past year.
GOOGL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +59M shares |
| 1 year | +1.4% | +165M shares |
| 3 years | -1.2% | -148M shares |
| 5 years | -6.8% | -907M shares |
| Available history | -10% | -1.4B shares |
GOOGL has 12.4B diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $5.5B |
| Q3 2025 | $11.5B |
| Q2 2025 | $13.6B |
| Q1 2025 | $15.1B |
| Q4 2024 | $15.6B |
GOOGL spent $5.5B buying back its own shares over the past year, down 90% from the year before.
IQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -6M shares |
| 1 year | -0.4% | -4.1M shares |
| 3 years | -2% | -19.6M shares |
| 5 years | +744% | +846M shares |
| Available history | +31% | +229M shares |
IQ has the edge over GOOGL 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 | — |
IQ hasn't bought back shares in the past year.
GOOGL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
GOOGL has the edge over IQ on leverage, with a lower net debt burden relative to earnings.
IQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 58.6x | High |
| Q1 2026 | 27.0x | High |
| Q4 2025 | 11.8x | High |
| Q3 2025 | 3.0x | Elevated |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.2x | Moderate |
| Q3 2024 | 0.6x | Very low |
IQ's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
GOOGL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 11.7 | Oversold |
GOOGL's weekly RSI is 40 (neutral) and its Stochastic is 12 (oversold).
IQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.7 | Neutral |
| Stochastic | 13.5 | Oversold |
IQ's weekly RSI is 40 (neutral) and its Stochastic is 14 (oversold).
GOOGL PE vs Communication Services Sector
| Metric | GOOGL | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | 6% below |
| PE % | 1 | 26 | 25 pts below |
GOOGL is trading at 16x earnings, in line with the Communication Services sector's median of 16x, though its recent earnings include one-off gains.
IQ PE vs Communication Services Sector
| Metric | IQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
IQ has no meaningful PE right now: it lost money over the past year.
GOOGL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $320.4 | 6.8% below |
| 20 week MA | $336.1 | 11% below |
| 50 week MA | $334.5 | 11% below |
| 100 week MA | $267.8 | 12% above |
| 200 week MA | $204.7 | 46% above |
GOOGL has the edge over IQ on trend strength, trading above more of its moving averages.
IQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.95 | 6.3% below |
| 20 week MA | $1.05 | 15% below |
| 50 week MA | $1.33 | 33% below |
| 100 week MA | $1.71 | 48% below |
| 200 week MA | $3.11 | 71% below |
IQ is in a downtrend: it's below all five of its weekly moving averages, and 71% below its 200-week average.
GOOGL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $67.7 | $86.7 | +28% |
| 2021 | $86.7 | $146.9 | +69% |
| 2022 | $146.9 | $89.2 | -39% |
| 2023 | $89.2 | $139.7 | +57% |
| 2024 | $139.7 | $192.8 | +38% |
| 2025 | $192.8 | $313.5 | +63% |
| 2026 YTD | $313.5 | $298.7 | -4.7% |
GOOGL has the edge over IQ on returns for 2026, with the stronger performance.
IQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $17.4 | -19% |
| 2021 | $17.4 | $4.91 | -72% |
| 2022 | $4.91 | $4.65 | -5.3% |
| 2023 | $4.65 | $4.88 | +4.9% |
| 2024 | $4.88 | $2.08 | -57% |
| 2025 | $2.08 | $1.91 | -8.2% |
| 2026 YTD | $1.91 | $0.89 | -53% |
IQ has finished lower in five of the last six years. It's down 53% so far in 2026.