META
Meta Platforms, Inc.
META has the edge over NCMI overall, supported by stronger valuation and stronger fundamentals.
NCMI
National CineMedia, Inc.
NCMI trails on the overall score without a compensating advantage in the available component scores.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
NCMI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Strong |
NCMI's balance sheet is currently strong, and its revenue and cash flow are stable, but its profitability is weak.
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.
NCMI PE Valuation
NCMI has no meaningful PE right now: it lost money over the past year.
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.
NCMI Forward outlook
There aren't enough analyst estimates for NCMI to show an outlook.
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 NCMI on earnings quality, reporting a profit while its opponent remains loss making.
NCMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.30 | -$0.15 |
| Q2 2026 | -$0.10 | +$0.11 |
| Q1 2026 | -$0.10 | +$0.09 |
| Q4 2025 | -$0.11 | +$0.12 |
| Q3 2023 | $31.89 | +$35.09 |
| Q2 2023 | $27.90 | +$31.90 |
| Q1 2023 | -$3.50 | +$3.20 |
| Q4 2022 | -$3.50 | +$2.60 |
NCMI is still losing money, but far less than before: $0.30 per share over the past year, against $11.70 at its worst in late 2021.
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 NCMI 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 NCMI on profitability, with a higher operating margin.
NCMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $61.4M | -3.2% |
| Q2 2026 | $58.4M | +13% |
| Q1 2026 | $34M | -2.6% |
| Q4 2025 | $93.2M | +8% |
| Q3 2025 | $63.4M | +1.6% |
| Q2 2025 | $51.8M | -5.3% |
| Q1 2025 | $34.9M | -6.7% |
| Q4 2024 | $86.3M | -5% |
NCMI's revenue is growing: $61M last quarter, down 3.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -35% | -32 points |
| Q2 2026 | -22% | +1.3 points |
| Q1 2026 | -79% | -11 points |
| Q4 2025 | 26% | +2.5 points |
| Q3 2025 | -2.8% | +9.2 points |
| Q2 2025 | -23% | -6.2 points |
| Q1 2025 | -68% | -7.8 points |
| Q4 2024 | 23% | +0.6 points |
NCMI's operating margin was −35% last quarter, down 32 points from the same quarter a year ago.
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.
NCMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.3M | -$1.3M |
| Q2 2026 | -$2.2M | +$4.4M |
| Q1 2026 | $17.8M | +236% |
| Q4 2025 | $6.1M | -78% |
| Q3 2025 | -$2M | +$600K |
| Q2 2025 | -$6.6M | -203% |
| Q1 2025 | $5.3M | -77% |
| Q4 2024 | $28.1M | +101% |
NCMI 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.
NCMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +355K shares |
| 1 year | -0.3% | -260K shares |
| 3 years | +440% | +76.6M shares |
| 5 years | +1098% | +86.2M shares |
| Available history | +1109% | +86.3M shares |
NCMI has the edge over META on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $200,000 |
| Q1 2026 | $1M |
| Q4 2025 | $3.3M |
| Q3 2025 | — |
| Q2 2025 | $9.9M |
| Q1 2025 | $8.8M |
| Q4 2024 | $2M |
NCMI spent $5M buying back its own shares over the past year, down 78% 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).
NCMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -11.5x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -2.1x | Net Cash |
| Q1 2025 | -2.8x | Net Cash |
| Q4 2024 | -2.9x | Net Cash |
NCMI 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).
NCMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.4 | Oversold |
| Stochastic | 5.9 | Oversold |
NCMI's weekly RSI is 29 (oversold) and its Stochastic is 6 (oversold).
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.
NCMI PE vs Communication Services Sector
| Metric | NCMI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
NCMI has no meaningful PE right now: it lost money over the past year.
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 NCMI on trend strength, trading above more of its moving averages.
NCMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.92 | 11% below |
| 20 week MA | $2.69 | 37% below |
| 50 week MA | $3.19 | 47% below |
| 100 week MA | $4.24 | 60% below |
| 200 week MA | $4.33 | 61% below |
NCMI is in a downtrend: it's below all five of its weekly moving averages, and 61% below its 200-week average.
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 NCMI on returns for 2026, with the stronger performance.
NCMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $73.0 | $37.7 | -48% |
| 2021 | $37.7 | $28.6 | -24% |
| 2022 | $28.6 | $2.75 | -90% |
| 2023 | $2.75 | $4.14 | +51% |
| 2024 | $4.14 | $6.61 | +60% |
| 2025 | $6.61 | $3.92 | -41% |
| 2026 YTD | $3.92 | $1.70 | -57% |
NCMI has finished lower in four of the last six years. It's down 57% so far in 2026.