META
Meta Platforms, Inc.
META has the edge over OPTU overall, supported by lower modeled downside and stronger fundamentals.
OPTU
Optimum Communications, Inc.
OPTU offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
OPTU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Under pressure | |
| Weak |
OPTU's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
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.
OPTU PE Valuation
OPTU 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.
OPTU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect OPTU's losses to grow, with revenue holding steady. However, they disagree widely on these estimates.
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 OPTU on earnings quality, reporting a profit while its opponent remains loss making.
OPTU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$15.63 | -$11.68 |
| Q2 2026 | -$8.86 | -$8.29 |
| Q1 2026 | -$8.40 | -$8.07 |
| Q4 2025 | -$3.99 | -$3.77 |
| Q3 2025 | -$3.95 | -$3.58 |
| Q2 2025 | -$0.57 | -$0.44 |
| Q1 2025 | -$0.33 | -3400% |
| Q4 2024 | -$0.22 | -283% |
OPTU lost $15.63 per share over the past year, and its loss has widened in each of the last seven quarters.
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 OPTU 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 OPTU on profitability, with a higher operating margin.
OPTU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | -5.1% |
| Q2 2026 | $2B | -5.8% |
| Q1 2026 | $2.1B | -4% |
| Q4 2025 | $2.2B | -2.3% |
| Q3 2025 | $2.1B | -5.4% |
| Q2 2025 | $2.1B | -4.2% |
| Q1 2025 | $2.2B | -4.4% |
| Q4 2024 | $2.2B | -2.9% |
OPTU's revenue has slid since its 2021 peak: $2B last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -153% | -98 points |
| Q2 2026 | 8.2% | -6.3 points |
| Q1 2026 | -114% | -130 points |
| Q4 2025 | 18% | +3 points |
| Q3 2025 | -55% | -75 points |
| Q2 2025 | 14% | -7.9 points |
| Q1 2025 | 16% | -1.5 points |
| Q4 2024 | 15% | +2.1 points |
OPTU's operating margin was −153% last quarter, down 98 points from the same quarter a year ago, near the bottom of its range since 2019.
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 OPTU on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPTU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$267.9M | -$89.8M |
| Q2 2026 | -$91.9M | -423% |
| Q1 2026 | -$137.4M | +$31.2M |
| Q4 2025 | $199.4M | +300% |
| Q3 2025 | -$178.1M | -332% |
| Q2 2025 | $28.4M | +$69.4M |
| Q1 2025 | -$168.6M | -365% |
| Q4 2024 | $49.9M | -75% |
OPTU's free cash flow was −$298M over the past year, against −$268M the year before.
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.
OPTU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -37% | -164M shares |
| 1 year | -40% | -187M shares |
| 3 years | -38% | -173M shares |
| 5 years | -38% | -175M shares |
| Available history | -57% | -381M shares |
OPTU has the edge over META on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | $79.4M |
| Q2 2021 | $221.9M |
| Q1 2021 | $503.6M |
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).
OPTU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 15.9x | High |
| Q3 2025 | 16.4x | High |
| Q2 2025 | 8.0x | High |
| Q1 2025 | 7.6x | High |
| Q4 2024 | 7.5x | High |
| Q3 2024 | 7.7x | High |
| Q2 2024 | 7.6x | High |
| Q1 2024 | 7.5x | High |
OPTU's net debt is about 16 years of its operating earnings (EBITDA), up from 7.5 years a year ago.
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).
OPTU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.2 | Neutral |
| Stochastic | 33.9 | Neutral |
OPTU's weekly RSI is 38 (neutral) and its Stochastic is 34 (neutral).
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.
OPTU PE vs Communication Services Sector
| Metric | OPTU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
OPTU 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 OPTU on trend strength, trading above more of its moving averages.
OPTU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.82 | 22% below |
| 20 week MA | $0.90 | 29% below |
| 50 week MA | $1.23 | 48% below |
| 100 week MA | $1.83 | 65% below |
| 200 week MA | $2.28 | 72% below |
OPTU is in a downtrend: it's below all five of its weekly moving averages, and 72% 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 OPTU on returns for 2026, with the stronger performance.
OPTU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.2 | $36.0 | +33% |
| 2021 | $36.0 | $16.1 | -55% |
| 2022 | $16.1 | $4.39 | -73% |
| 2023 | $4.39 | $3.25 | -26% |
| 2024 | $3.25 | $2.41 | -26% |
| 2025 | $2.41 | $1.66 | -31% |
| 2026 YTD | $1.66 | $0.64 | -61% |
OPTU has finished five years in a row lower, and it's down 61% so far in 2026.