GOOGL
Alphabet Inc.
GOOGL has the edge over NCMI overall, supported by stronger fundamentals and lower modeled downside.
NCMI
National CineMedia, Inc.
NCMI trails on the overall score without a compensating advantage in the available component scores.
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.
NCMI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Strong |
NCMI's balance sheet is currently strong, and its revenue and cash flow are stable, but its profitability is weak.
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.
NCMI PE Valuation
NCMI 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.
NCMI Forward outlook
There aren't enough analyst estimates for NCMI to show an outlook.
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 NCMI on earnings quality, reporting a profit while its opponent remains loss making.
NCMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.30 | -$0.15 |
| Q2 2026 | -$0.10 | +$0.11 |
| Q1 2026 | -$0.10 | +$0.09 |
| Q4 2025 | -$0.11 | +$0.12 |
| Q3 2023 | $31.89 | +$35.09 |
| Q2 2023 | $27.90 | +$31.90 |
| Q1 2023 | -$3.50 | +$3.20 |
| Q4 2022 | -$3.50 | +$2.60 |
NCMI is still losing money, but far less than before: $0.30 per share over the past year, against $11.70 at its worst in late 2021.
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 NCMI 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 NCMI on profitability, with a higher operating margin.
NCMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $61.4M | -3.2% |
| Q2 2026 | $58.4M | +13% |
| Q1 2026 | $34M | -2.6% |
| Q4 2025 | $93.2M | +8% |
| Q3 2025 | $63.4M | +1.6% |
| Q2 2025 | $51.8M | -5.3% |
| Q1 2025 | $34.9M | -6.7% |
| Q4 2024 | $86.3M | -5% |
NCMI's revenue is growing: $61M last quarter, down 3.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -35% | -32 points |
| Q2 2026 | -22% | +1.3 points |
| Q1 2026 | -79% | -11 points |
| Q4 2025 | 26% | +2.5 points |
| Q3 2025 | -2.8% | +9.2 points |
| Q2 2025 | -23% | -6.2 points |
| Q1 2025 | -68% | -7.8 points |
| Q4 2024 | 23% | +0.6 points |
NCMI's operating margin was −35% last quarter, down 32 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 usually generates cash, though not every quarter: the latest was −$9.1B, but it generated $19.7B over the past year.
NCMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.3M | -$1.3M |
| Q2 2026 | -$2.2M | +$4.4M |
| Q1 2026 | $17.8M | +236% |
| Q4 2025 | $6.1M | -78% |
| Q3 2025 | -$2M | +$600K |
| Q2 2025 | -$6.6M | -203% |
| Q1 2025 | $5.3M | -77% |
| Q4 2024 | $28.1M | +101% |
NCMI has the edge over GOOGL on cash flow, with more consistent year-over-year improvement.
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.
NCMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +355K shares |
| 1 year | -0.3% | -260K shares |
| 3 years | +440% | +76.6M shares |
| 5 years | +1098% | +86.2M shares |
| Available history | +1109% | +86.3M shares |
NCMI has the edge over GOOGL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $200,000 |
| Q1 2026 | $1M |
| Q4 2025 | $3.3M |
| Q3 2025 | — |
| Q2 2025 | $9.9M |
| Q1 2025 | $8.8M |
| Q4 2024 | $2M |
NCMI spent $5M buying back its own shares over the past year, down 78% from the year before.
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's net debt is less than a year of its operating earnings (EBITDA).
NCMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -11.5x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -2.1x | Net Cash |
| Q1 2025 | -2.8x | Net Cash |
| Q4 2024 | -2.9x | Net Cash |
NCMI has the edge over GOOGL on leverage, with a lower net debt burden relative to earnings.
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).
NCMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.4 | Oversold |
| Stochastic | 5.9 | Oversold |
NCMI's weekly RSI is 29 (oversold) and its Stochastic is 6 (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.
NCMI PE vs Communication Services Sector
| Metric | NCMI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
NCMI 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 NCMI on trend strength, trading above more of its moving averages.
NCMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.92 | 11% below |
| 20 week MA | $2.69 | 37% below |
| 50 week MA | $3.19 | 47% below |
| 100 week MA | $4.24 | 60% below |
| 200 week MA | $4.33 | 61% below |
NCMI is in a downtrend: it's below all five of its weekly moving averages, and 61% 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 NCMI on returns for 2026, with the stronger performance.
NCMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $73.0 | $37.7 | -48% |
| 2021 | $37.7 | $28.6 | -24% |
| 2022 | $28.6 | $2.75 | -90% |
| 2023 | $2.75 | $4.14 | +51% |
| 2024 | $4.14 | $6.61 | +60% |
| 2025 | $6.61 | $3.92 | -41% |
| 2026 YTD | $3.92 | $1.70 | -57% |
NCMI has finished lower in four of the last six years. It's down 57% so far in 2026.