GOOGL
Alphabet Inc.
GOOGL has a slight edge over SPHR overall, supported by lower modeled downside and stronger modeled upside.
SPHR
Sphere Entertainment Co.
SPHR offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
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.
SPHR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Strong | |
| Under pressure |
SPHR's cash flow is currently strong, and its revenue is stable, but its profitability and balance sheet are 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.
SPHR PE Valuation
SPHR 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.
SPHR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect SPHR'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 SPHR on earnings quality, reporting a profit while its opponent remains loss making.
SPHR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.53 | +$1.64 |
| Q2 2026 | -$1.49 | +$3.83 |
| Q1 2026 | $2.97 | +$13.01 |
| Q4 2025 | $0.74 | +$9.84 |
| Q3 2025 | -$5.17 | +$5.35 |
| Q2 2025 | -$5.32 | +$0.36 |
| Q1 2025 | -$10.04 | -191% |
| Q4 2024 | -$9.10 | -178% |
SPHR is still losing money, but far less than before: $3.53 per share over the past year, against $10.52 at its worst in late 2024.
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 SPHR 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 SPHR on profitability, with a higher operating margin.
SPHR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $274.3M | +4.5% |
| Q2 2026 | $313.6M | +11% |
| Q1 2026 | $386.4M | +38% |
| Q4 2025 | $394.3M | +28% |
| Q3 2025 | $262.5M | +15% |
| Q2 2025 | $282.7M | +3.4% |
| Q1 2025 | $280.6M | -13% |
| Q4 2024 | $308.3M | -1.9% |
SPHR's revenue has grown year over year for six quarters in a row: $274M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -88% | -38 points |
| Q2 2026 | -20% | -1.8 points |
| Q1 2026 | 1.9% | +30 points |
| Q4 2025 | 7.3% | +54 points |
| Q3 2025 | -49% | +2.2 points |
| Q2 2025 | -18% | +8.4 points |
| Q1 2025 | -28% | N/A |
| Q4 2024 | -46% | N/A |
SPHR's operating margin was −88% last quarter, down 38 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.
SPHR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56.9M | -51% |
| Q2 2026 | -$33.7M | +$25.4M |
| Q1 2026 | $136.2M | +2046% |
| Q4 2025 | $180.2M | +614% |
| Q3 2025 | $115.8M | +240% |
| Q2 2025 | -$59.1M | +$13.4M |
| Q1 2025 | $6.3M | -94% |
| Q4 2024 | $25.3M | -46% |
SPHR 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.
SPHR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +186K shares |
| 1 year | -19% | -8.5M shares |
| 3 years | +4% | +1.4M shares |
| 5 years | -30% | -15.9M shares |
SPHR has the edge over GOOGL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $16,000 |
| Q4 2024 | $1.3M |
| Q1 2020 | — |
| Q4 2019 | — |
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 SPHR on leverage, with a lower net debt burden relative to earnings.
SPHR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 8.2x | High |
| Q4 2022 | 15.9x | High |
SPHR's net debt is about 3.4 years of its operating earnings (EBITDA), down from 4.2 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).
SPHR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.2 | Neutral |
| Stochastic | 23.2 | Neutral |
SPHR's weekly RSI is 47 (neutral) and its Stochastic is 23 (neutral).
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.
SPHR PE vs Communication Services Sector
| Metric | SPHR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
SPHR 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 pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 46% above its 200-week average.
SPHR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $117.6 | 5.1% above |
| 20 week MA | $136.7 | 9.5% below |
| 50 week MA | $125.4 | 1.4% below |
| 100 week MA | $85.6 | 44% above |
| 200 week MA | $60.9 | 103% above |
SPHR has the edge over GOOGL on trend strength, trading above more of its moving averages.
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 finished higher in five of the last six years, three of them by more than 50%. It's down 4.7% so far in 2026.
SPHR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.9 | $40.7 | -0.3% |
| 2021 | $40.7 | $32.8 | -19% |
| 2022 | $32.8 | $19.9 | -39% |
| 2023 | $19.9 | $34.0 | +71% |
| 2024 | $34.0 | $38.1 | +12% |
| 2025 | $38.1 | $93.4 | +145% |
| 2026 YTD | $93.4 | $123.7 | +32% |
SPHR has the edge over GOOGL on returns for 2026, with the stronger performance.