GOOGL
Alphabet Inc.
GOOGL has the edge over XNET overall, supported by stronger valuation.
XNET
Xunlei Limited
XNET 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.
XNET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
XNET's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
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.
XNET PE Valuation
XNET 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.
XNET Forward outlook
There aren't enough analyst estimates for XNET 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 XNET on earnings quality, reporting a profit while its opponent remains loss making.
XNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$6.35 | -111% |
| Q1 2026 | $68.25 | +$69.00 |
| Q4 2025 | $82.03 | +$82.66 |
| Q3 2025 | $99.53 | +43174% |
| Q2 2025 | $56.61 | +25632% |
| Q1 2025 | -$0.75 | -388% |
| Q4 2024 | -$0.63 | -386% |
| Q3 2024 | $0.23 | +21% |
XNET has swung to a loss: it lost $6.35 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 XNET 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 XNET on profitability, with a higher operating margin.
XNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $102.3M | -1.2% |
| Q1 2026 | $98.1M | +11% |
| Q4 2025 | $143.1M | +70% |
| Q3 2025 | $125.9M | +58% |
| Q2 2025 | $103.5M | +31% |
| Q1 2025 | $88.5M | +11% |
| Q4 2024 | $84M | +9.3% |
| Q3 2024 | $79.8M | -4.9% |
XNET's revenue is growing: $102M last quarter, down 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -4.7% | -5.7 points |
| Q1 2026 | 4.4% | +6.5 points |
| Q4 2025 | 3.3% | +28 points |
| Q3 2025 | 2.2% | +2.4 points |
| Q2 2025 | 1.1% | -0.1 points |
| Q1 2025 | -2.1% | -7.2 points |
| Q4 2024 | -24% | -24 points |
| Q3 2024 | -0.2% | +2.8 points |
XNET's operating margin was −4.7% last quarter, down 5.7 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 XNET on cash flow, with more consistent year-over-year improvement.
XNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $26.7M | +$26.7M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
XNET generated $27M in free cash flow over the past year, against $0 the year before.
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.
XNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +143K shares |
| 1 year | +0.5% | +61.9K shares |
| 3 years | -81% | -52.8M shares |
| 5 years | -81% | -55.8M shares |
| Available history | -81% | -55M shares |
XNET has the edge over GOOGL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $951,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
XNET spent $951,000 buying back its own shares over the past year, after none 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).
XNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q3 2024 | -5.8x | Net Cash |
| Q2 2024 | -5.4x | Net Cash |
| Q1 2024 | -4.9x | Net Cash |
XNET 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).
XNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.5 | Neutral |
| Stochastic | 13.6 | Oversold |
XNET's weekly RSI is 30 (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.
XNET PE vs Communication Services Sector
| Metric | XNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
XNET 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 XNET on trend strength, trading above more of its moving averages.
XNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.18 | 15% below |
| 20 week MA | $4.83 | 27% below |
| 50 week MA | $5.65 | 37% below |
| 100 week MA | $5.42 | 35% below |
| 200 week MA | $3.57 | 0.8% below |
XNET is in a downtrend: it's below all five of its weekly moving averages, and 0.8% 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 XNET on returns for 2026, with the stronger performance.
XNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.60 | $2.93 | -36% |
| 2021 | $2.93 | $2.13 | -27% |
| 2022 | $2.13 | $1.95 | -8.5% |
| 2023 | $1.95 | $1.62 | -17% |
| 2024 | $1.62 | $2.06 | +27% |
| 2025 | $2.06 | $7.21 | +250% |
| 2026 YTD | $7.21 | $3.54 | -51% |
XNET has finished lower in four of the last six years. It's down 51% so far in 2026.