KEEL
Keel Infrastructure Corp.
KEEL has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over KEEL overall, supported by stronger fundamentals and stronger modeled upside.
KEEL Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Under pressure | |
| Strong |
KEEL's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
KEEL PE Valuation
KEEL has no meaningful PE right now: it lost money over the past year.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
KEEL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong decline | |
| -- | |
| Limited | |
| Low |
Analysts expect KEEL's losses to grow, with revenue declining. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
KEEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.71 | -$0.48 |
| Q2 2026 | -$0.75 | -$0.58 |
| Q1 2026 | -$0.69 | -$0.50 |
| Q4 2025 | -$0.52 | -$0.39 |
| Q3 2025 | -$0.23 | +$0.12 |
| Q2 2025 | -$0.17 | +$0.16 |
| Q1 2025 | -$0.19 | +$0.18 |
| Q4 2024 | -$0.13 | +$0.23 |
KEEL is still losing money, but less than at its worst: $0.71 per share over the past year, against $1.19 at its worst in early 2023.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over KEEL in the latest year-over-year earnings comparison.
KEEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.6M | -60% |
| Q2 2026 | $30.4M | -61% |
| Q1 2026 | $37M | -45% |
| Q4 2025 | $15.4M | -73% |
| Q3 2025 | $69.2M | +54% |
| Q2 2025 | $77.8M | +87% |
| Q1 2025 | $66.8M | +33% |
| Q4 2024 | $56.2M | +21% |
KEEL's revenue has slid since its 2025 peak: $28M last quarter, down 60% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -28% | +14 points |
| Q2 2026 | -463% | -412 points |
| Q1 2026 | -266% | -218 points |
| Q4 2025 | -316% | -287 points |
| Q3 2025 | -42% | +56 points |
| Q2 2025 | -51% | +5.8 points |
| Q1 2025 | -48% | -1.3 points |
| Q4 2024 | -29% | -1.6 points |
KEEL's operating margin was −28% last quarter, up 14 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over KEEL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over KEEL on profitability, with a higher operating margin.
KEEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.7M | +$12.5M |
| Q2 2026 | -$96M | -$2.5M |
| Q1 2026 | -$75M | -$8.6M |
| Q4 2025 | -$117.9M | +$111.4M |
| Q3 2025 | -$69.2M | +$55.7M |
| Q2 2025 | -$93.5M | -$27M |
| Q1 2025 | -$66.4M | +$42.8M |
| Q4 2024 | -$229.3M | -$218.7M |
KEEL has burned cash in most quarters: −$346M over the past year, against −$458M the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over KEEL on cash generation, producing positive trailing cash flow while its opponent burns cash.
KEEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +11.9M shares |
| 1 year | +11% | +60.7M shares |
| 3 years | +125% | +343M shares |
| 5 years | +249% | +440M shares |
| Available history | +769% | +546M shares |
KEEL has 617M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $2,000 |
| Q3 2025 | $10M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over KEEL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
KEEL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -4.6x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
| Q3 2024 | -3.0x | Net Cash |
| Q2 2024 | -4.1x | Net Cash |
| Q1 2024 | -34.7x | Net Cash |
| Q3 2023 | -0.7x | Net Cash |
| Q1 2022 | 0.8x | Very low |
KEEL has more cash than debt.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
KEEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.6 | Neutral |
| Stochastic | 8.2 | Oversold |
KEEL's weekly RSI is 35 (neutral) and its Stochastic is 8 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
KEEL PE vs Technology Sector
| Metric | KEEL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
KEEL has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
KEEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.60 | 25% below |
| 20 week MA | $3.36 | 42% below |
| 50 week MA | $3.27 | 40% below |
| 100 week MA | $2.49 | 22% below |
| 200 week MA | $2.15 | 9.3% below |
SNDK has stronger trend alignment. KEEL is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
KEEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.35 | $1.65 | +371% |
| 2021 | $1.65 | $5.80 | +252% |
| 2022 | $5.80 | $0.41 | -93% |
| 2023 | $0.41 | $2.91 | +610% |
| 2024 | $2.91 | $1.63 | -44% |
| 2025 | $1.63 | $2.48 | +52% |
| 2026 YTD | $2.48 | $1.95 | -21% |
KEEL's yearly returns have swung widely, from +610% in 2023 to −93% in 2022. It's down 21% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over KEEL on returns for 2026, with the stronger performance.