META
Meta Platforms, Inc.
META has the edge over TME overall, supported by stronger valuation and lower modeled downside.
TME
Tencent Music Entertainment Group
TME's outlook is improving, though it still trails on the overall score.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
TME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
TME's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
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.
TME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 11x | $9.02 | — |
| Cheap | 12x | $9.60 | +6.4% |
| Fair | 32x | $26.45 | +193% |
| Expensive | 52x | $43.01 | +377% |
Historical ranges are pointers, not guarantees.
TME 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.
TME Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
TME 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.
TME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.83 | -16% |
| Q1 2026 | $0.82 | -11% |
| Q4 2025 | $1.04 | +63% |
| Q3 2025 | $1.05 | +81% |
| Q2 2025 | $0.99 | +83% |
| Q1 2025 | $0.92 | +84% |
| Q4 2024 | $0.64 | +36% |
| Q3 2024 | $0.58 | +29% |
TME has the edge over META on earnings, with stronger typical year-over-year growth.
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 TME 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.
TME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | +5.8% |
| Q1 2026 | $1.2B | +6.7% |
| Q4 2025 | $1.2B | +3.8% |
| Q3 2025 | $1.3B | +21% |
| Q2 2025 | $1.3B | +18% |
| Q1 2025 | $1.1B | +8.7% |
| Q4 2024 | $1.1B | +8.2% |
| Q3 2024 | $1.1B | +6.8% |
TME's revenue has grown year over year for eight quarters in a row: $1.3B last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 34% | -1.3 points |
| Q1 2026 | 30% | -36 points |
| Q4 2025 | 34% | +1.5 points |
| Q3 2025 | 32% | +1.5 points |
| Q2 2025 | 35% | +4.6 points |
| Q1 2025 | 66% | +37 points |
| Q4 2024 | 32% | +7.4 points |
| Q3 2024 | 31% | +8.9 points |
TME 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.
TME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $429.8M | +75% |
| Q1 2026 | $350M | -7.4% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | $552.7M | +70% |
| Q2 2025 | $245.8M | -44% |
| Q1 2025 | $378M | -6.2% |
| Q4 2024 | $324.3M | +19% |
| Q3 2024 | $324.9M | +50% |
TME 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 the edge over TME on shareholder dilution, with a more favorable share count trend.
| 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.
TME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.3% | +4.2M shares |
| 3 years | -1.8% | -28.7M shares |
| 5 years | -7.8% | -132M shares |
| Available history | -6.6% | -110M shares |
TME has 1.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $97.8M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $321.5M |
| Q3 2024 | — |
TME spent $98M buying back its own shares over the past year, down 70% 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).
TME Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
TME 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).
TME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.0 | Neutral |
| Stochastic | 58.8 | Neutral |
TME's weekly RSI is 47 (neutral) and its Stochastic is 59 (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.
TME PE vs Communication Services Sector
| Metric | TME | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 16x | 34% below |
| PE % | 12 | 26 | 14 pts below |
TME has the edge over META on valuation relative to its sector.
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.
TME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.58 | 5.1% above |
| 20 week MA | $8.67 | 4% above |
| 50 week MA | $11.2 | 19% below |
| 100 week MA | $14.4 | 37% below |
| 200 week MA | $12.0 | 25% below |
TME 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 has the edge over TME on returns for 2026, with the stronger performance.
TME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.9 | $18.9 | +58% |
| 2021 | $18.9 | $6.50 | -66% |
| 2022 | $6.50 | $8.06 | +24% |
| 2023 | $8.06 | $9.01 | +12% |
| 2024 | $9.01 | $11.7 | +30% |
| 2025 | $11.7 | $17.6 | +50% |
| 2026 YTD | $17.6 | $9.02 | -49% |
TME is down 49% so far in 2026, after finishing higher in five of the previous six years.