MANU
Manchester United plc
MANU lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
MANU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Stable |
MANU's revenue is currently healthy, and its balance sheet is stable, but its profitability and cash flow are under pressure.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
MANU PE Valuation
MANU has no meaningful PE right now: it lost money over the past year.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
MANU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
MANU has the edge over NBIS on the outlook, with more favorable earnings expectations.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
MANU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.34 | -$0.09 |
| Q1 2026 | -$0.14 | +$0.38 |
| Q4 2025 | -$0.07 | +$1.00 |
| Q3 2025 | -$0.31 | +$0.38 |
| Q2 2025 | -$0.25 | +$0.67 |
| Q1 2025 | -$0.52 | +$0.13 |
| Q4 2024 | -$1.07 | -$0.95 |
| Q3 2024 | -$0.69 | -$0.46 |
MANU is still losing money, but far less than before: $0.34 per share over the past year, against $1.24 at its worst in early 2022.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has the edge over MANU in the latest year-over-year earnings comparison.
MANU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $211.2M | -0.6% |
| Q1 2026 | $252.1M | +21% |
| Q4 2025 | $249.9M | -7.7% |
| Q3 2025 | $187.2M | +1.2% |
| Q2 2025 | $212.5M | +13% |
| Q1 2025 | $207.9M | +13% |
| Q4 2024 | $270.7M | -8.2% |
| Q3 2024 | $184.9M | -15% |
MANU has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -12% | -5.4 points |
| Q1 2026 | 5.4% | +4.7 points |
| Q4 2025 | 8.6% | +0.2 points |
| Q3 2025 | -19% | +0.7 points |
| Q2 2025 | -6.6% | +14 points |
| Q1 2025 | 0.7% | +28 points |
| Q4 2024 | 8.5% | -7.8 points |
| Q3 2024 | -20% | -2.4 points |
MANU's operating margin was −12% last quarter, down 5.4 points from the same quarter a year ago.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
MANU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $131M | +9.9% |
| Q1 2026 | -$20.1M | +$20.6M |
| Q4 2025 | -$88.9M | +$4.5M |
| Q3 2025 | -$240.6M | -$40.1M |
| Q2 2025 | $119.3M | -25% |
| Q1 2025 | -$40.7M | +$8.1M |
| Q4 2024 | -$93.3M | +$19.8M |
| Q3 2024 | -$200.5M | -$41.2M |
MANU has burned cash in most quarters: −$219M over the past year, against −$215M the year before.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
MANU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | +81K shares |
| 3 years | +5.7% | +9.4M shares |
| 5 years | +5.8% | +9.5M shares |
| Available history | +4.7% | +7.7M shares |
MANU has 172M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
MANU hasn't bought back shares in the past year.
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over MANU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
MANU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 6.1x | High |
| Q3 2024 | 3.5x | Elevated |
MANU's net debt is about 2.4 years of its operating earnings (EBITDA), about the same as a year ago.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
MANU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.5 | Neutral |
| Stochastic | 57.7 | Neutral |
MANU's weekly RSI is 61 (neutral) and its Stochastic is 58 (neutral).
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
MANU PE vs Communication Services Sector
| Metric | MANU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
MANU has no meaningful PE right now: it lost money over the past year.
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
MANU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.1 | 8.5% above |
| 20 week MA | $21.7 | 5.3% above |
| 50 week MA | $19.5 | 17% above |
| 100 week MA | $17.7 | 29% above |
| 200 week MA | $18.3 | 25% above |
MANU has stronger trend alignment. MANU is above 5 of 5 weekly averages versus NBIS above 1 of 4.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
NBIS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 17% above its 100-week average.
MANU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.8 | $16.6 | -16% |
| 2021 | $16.6 | $14.2 | -14% |
| 2022 | $14.2 | $22.5 | +58% |
| 2023 | $22.5 | $20.4 | -9.3% |
| 2024 | $20.4 | $17.0 | -17% |
| 2025 | $17.0 | $15.9 | -6.8% |
| 2026 YTD | $15.9 | $22.8 | +44% |
MANU has finished three years in a row lower, and it's up 44% so far in 2026.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has the edge over MANU on returns for 2026, with the stronger performance.