IQ
iQIYI, Inc.
IQ's outlook is improving, though it still trails on the overall score.
META
Meta Platforms, Inc.
META has the edge over IQ overall, supported by stronger fundamentals and stronger valuation.
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.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
IQ PE Valuation
IQ has no meaningful PE right now: it lost money over the past year.
META PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $624 | — |
| Cheap | 21x | $613 | -1.7% |
| Current | 21x | $624 | — |
| Fair | 27x | $803 | +29% |
| Expensive | 32x | $934 | +50% |
Historical ranges are pointers, not guarantees.
META's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
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.
META Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for META, but weaker profitability. However, they disagree widely on these estimates.
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.
META Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $32.16 | +9.7% |
| Q3 2026 | $29.32 | +30% |
| Q2 2026 | $26.54 | -3.7% |
| Q1 2026 | $27.50 | +7.5% |
| Q4 2025 | $23.49 | -1.6% |
| Q3 2025 | $22.58 | +6.5% |
| Q2 2025 | $27.56 | +41% |
| Q1 2025 | $25.58 | +47% |
| Q4 2024 | $23.86 | +60% |
META has the edge over IQ on earnings quality, reporting a profit while its opponent remains loss making.
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.
META Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.6B | +26% |
| Q2 2026 | $60.8B | +28% |
| Q1 2026 | $56.3B | +33% |
| Q4 2025 | $59.9B | +24% |
| Q3 2025 | $51.2B | +26% |
| Q2 2025 | $47.5B | +22% |
| Q1 2025 | $42.3B | +16% |
| Q4 2024 | $48.4B | +21% |
META has the edge over IQ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -20 points |
| Q2 2026 | 31% | -12 points |
| Q1 2026 | 41% | -0.9 points |
| Q4 2025 | 41% | -7 points |
| Q3 2025 | 40% | -2.7 points |
| Q2 2025 | 43% | +5 points |
| Q1 2025 | 41% | +3.6 points |
| Q4 2024 | 48% | +7.4 points |
META has the edge over IQ on profitability, with a higher operating margin.
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.
META Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.2B | -110% |
| Q2 2026 | $1.7B | -81% |
| Q1 2026 | $13.2B | +19% |
| Q4 2025 | $14.8B | +9.3% |
| Q3 2025 | $11.2B | -32% |
| Q2 2025 | $9B | -19% |
| Q1 2025 | $11.1B | -14% |
| Q4 2024 | $13.6B | +16% |
META has the edge over IQ on cash flow, with more consistent year-over-year improvement.
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 META 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.
META Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +7M shares |
| 1 year | 0% | +1M shares |
| 3 years | -2.6% | -68M shares |
| 5 years | -10% | -286M shares |
| Available history | -11% | -303M shares |
META has 2.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $3.3B |
| Q2 2025 | $10.2B |
| Q1 2025 | $12.8B |
| Q4 2024 | — |
META hasn't bought back shares in the past year.
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.
META Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.2x | Net Cash |
META has the edge over IQ on leverage, with a lower net debt burden relative to earnings.
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).
META Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 33.7 | Neutral |
META's weekly RSI is 48 (neutral) and its Stochastic is 34 (neutral).
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.
META PE vs Communication Services Sector
| Metric | META | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 29% above |
| PE % | 18 | 26 | 8 pts below |
META is trading at 21x earnings, a 29% premium to the Communication Services sector's median of 16x.
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.
META Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $674.9 | 7.6% below |
| 20 week MA | $634.5 | 1.7% below |
| 50 week MA | $630.8 | 1.1% below |
| 100 week MA | $647.8 | 3.7% below |
| 200 week MA | $517.5 | 21% above |
META has the edge over IQ on trend strength, trading above more of its moving averages.
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.
META Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $208.1 | $267.4 | +28% |
| 2021 | $267.4 | $335.2 | +25% |
| 2022 | $335.2 | $118.0 | -65% |
| 2023 | $118.0 | $354.0 | +200% |
| 2024 | $354.0 | $599.8 | +69% |
| 2025 | $599.8 | $663.3 | +11% |
| 2026 YTD | $663.3 | $623.6 | -6% |
META has the edge over IQ on returns for 2026, with the stronger performance.