META
Meta Platforms, Inc.
META has lower modeled downside risk, despite its lower overall score.
MGNI
Magnite, Inc.
MGNI has the edge over META overall, supported by stronger fundamentals and stronger valuation.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
MGNI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
MGNI's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
MGNI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $23.34 | -20% |
| Forward | 22x | $29.34 | — |
| Current | 24x | $29.34 | — |
| Fair | 72x | $86.77 | +196% |
| Expensive | 291x | $349 | +1091% |
Historical ranges are pointers, not guarantees.
MGNI has the edge over META in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
MGNI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
MGNI has the edge over META on the outlook, with more favorable profitability expectations.
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 earned $29.32 per share over the past year, up 30% from the year before.
MGNI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +10% |
| Q3 2026 | $1.20 | +200% |
| Q2 2026 | $1.10 | +255% |
| Q1 2026 | $1.05 | +377% |
| Q4 2025 | $0.95 | +494% |
| Q3 2025 | $0.40 | +208% |
| Q2 2025 | $0.31 | +$0.35 |
| Q1 2025 | $0.22 | +$0.79 |
| Q4 2024 | $0.16 | +$1.33 |
MGNI has the edge over META on earnings, with more consistent year-over-year improvement.
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 MGNI on sales, with stronger typical year-over-year growth.
| 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's operating margin was 20% last quarter, down 20 points from the same quarter a year ago, near the bottom of its range since 2019.
MGNI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $204.2M | +14% |
| Q2 2026 | $192.8M | +11% |
| Q1 2026 | $164.4M | +5.5% |
| Q4 2025 | $205.4M | +5.9% |
| Q3 2025 | $179.5M | +11% |
| Q2 2025 | $173.3M | +6.4% |
| Q1 2025 | $155.8M | +4.3% |
| Q4 2024 | $194M | +3.8% |
MGNI's revenue has grown year over year every quarter since late 2020: $204M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +11 points |
| Q2 2026 | 16% | +3.5 points |
| Q1 2026 | 4.7% | +5.6 points |
| Q4 2025 | 25% | +4.6 points |
| Q3 2025 | 14% | +4.6 points |
| Q2 2025 | 13% | +6.8 points |
| Q1 2025 | -0.9% | +8.4 points |
| Q4 2024 | 21% | +1.9 points |
MGNI has the edge over META on profitability, with a higher operating margin.
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 usually generates cash, though not every quarter: the latest was −$1.2B, but it generated $28.6B over the past year.
MGNI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $93M | +36% |
| Q2 2026 | $174.5M | +2801% |
| Q1 2026 | -$130.2M | -$118.4M |
| Q4 2025 | $103.1M | -7.1% |
| Q3 2025 | $68.4M | -12% |
| Q2 2025 | $6M | -93% |
| Q1 2025 | -$11.8M | +$54.5M |
| Q4 2024 | $111M | +40% |
MGNI has the edge over META on cash flow, with more consistent year-over-year improvement.
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.
MGNI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +3.6M shares |
| 1 year | -1.5% | -2.4M shares |
| 3 years | +9.8% | +13.4M shares |
| 5 years | +15% | +19.3M shares |
| Available history | +153% | +91.2M shares |
MGNI has the edge over META on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q2 2026 | $21.1M |
| Q1 2026 | $14.5M |
| Q4 2025 | $23.4M |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | $19.2M |
| Q4 2024 | $5.6M |
MGNI spent $79M buying back its own shares over the past year, up 178% from the year before.
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's net debt is less than a year of its operating earnings (EBITDA).
MGNI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 0.6x | Very low |
MGNI has the edge over META on leverage, with a lower net debt burden relative to earnings.
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).
MGNI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.6 | Neutral |
| Stochastic | 73.9 | Neutral |
MGNI's weekly RSI is 70 (neutral) and its Stochastic is 74 (neutral).
META PE vs Communication Services Sector
| Metric | META | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 29% above |
| PE % | 18 | 26 | 8 pts below |
META has the edge over MGNI on valuation relative to its sector.
MGNI PE vs Communication Services Sector
| Metric | MGNI | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 16x | 48% above |
| PE % | 28 | 26 | 2 pts above |
MGNI is trading at 24x earnings, a 48% premium to the Communication Services sector's median of 16x.
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 fallen below most of its moving averages, though it's still 21% above its 200-week average.
MGNI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.8 | 18% above |
| 20 week MA | $23.3 | 26% above |
| 50 week MA | $17.8 | 65% above |
| 100 week MA | $17.9 | 64% above |
| 200 week MA | $14.5 | 102% above |
MGNI has the edge over META on trend strength, trading above more of its moving averages.
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's yearly returns have swung widely, from +200% in 2023 to −65% in 2022. It's down 6% so far in 2026.
MGNI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.38 | $32.5 | +288% |
| 2021 | $32.5 | $18.8 | -42% |
| 2022 | $18.8 | $10.7 | -43% |
| 2023 | $10.7 | $9.34 | -13% |
| 2024 | $9.34 | $16.4 | +75% |
| 2025 | $16.4 | $16.5 | +0.5% |
| 2026 YTD | $16.5 | $29.3 | +78% |
MGNI has the edge over META on returns for 2026, with the stronger performance.