MQ
Marqeta, Inc.
MQ has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over MQ overall, supported by stronger fundamentals and stronger modeled upside.
MQ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
MQ's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
MQ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 15x | $18.03 | — |
| Forward | 39x | $18.03 | — |
| Cheap | 57x | $71.08 | +294% |
| Fair | 153x | $190 | +953% |
| Expensive | 383x | $474 | +2531% |
Historical ranges are pointers, not guarantees.
MQ has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
MQ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MQ, with profitability improving. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over MQ on the outlook, with more favorable valuation expectations.
MQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.47 | -62% |
| Q3 2026 | $1.24 | +$1.56 |
| Q2 2026 | $0.11 | +$0.63 |
| Q1 2026 | $0.04 | -90% |
| Q4 2025 | -$0.12 | -160% |
| Q3 2025 | -$0.32 | -500% |
| Q2 2025 | -$0.52 | -$0.44 |
| Q1 2025 | $0.40 | +$1.84 |
| Q4 2024 | $0.20 | +$1.88 |
MQ has returned to profit: it earned $1.24 per share over the past year, after losing money the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over MQ in the latest year-over-year earnings comparison.
MQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $176.2M | +7.9% |
| Q2 2026 | $176M | +17% |
| Q1 2026 | $165.8M | +19% |
| Q4 2025 | $172.1M | +27% |
| Q3 2025 | $163.3M | +28% |
| Q2 2025 | $150.4M | +20% |
| Q1 2025 | $139.1M | +18% |
| Q4 2024 | $135.8M | +14% |
MQ's revenue has grown year over year for nine quarters in a row: $176M last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | +9.9 points |
| Q2 2026 | 2.1% | +8.2 points |
| Q1 2026 | 1.3% | +15 points |
| Q4 2025 | -4.8% | +23 points |
| Q3 2025 | -6.3% | +27 points |
| Q2 2025 | -6.1% | -90 points |
| Q1 2025 | -13% | +29 points |
| Q4 2024 | -28% | +20 points |
MQ's operating margin was 3.6% last quarter, up 9.9 points from the same quarter a year ago, near the top of its range since 2020.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over MQ on profitability, with a higher operating margin.
MQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $26M | -70% |
| Q2 2026 | $63M | +416% |
| Q1 2026 | -$4.6M | -153% |
| Q4 2025 | $53.5M | +116% |
| Q3 2025 | $86.4M | +1118% |
| Q2 2025 | $12.2M | -51% |
| Q1 2025 | $8.7M | +$9.5M |
| Q4 2024 | $24.7M | +50% |
MQ generated $138M in free cash flow over the past year, up 4.4% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over MQ on cash flow, with more consistent year-over-year improvement.
MQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1M shares |
| 1 year | -5.7% | -6.4M shares |
| 3 years | -20% | -26.6M shares |
| 5 years | +80% | +47.1M shares |
| Available history | -12% | -15.1M shares |
MQ has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $11.2M |
| Q2 2026 | $54.7M |
| Q1 2026 | $39.2M |
| Q4 2025 | $96.6M |
| Q3 2025 | $19.6M |
| Q2 2025 | $163.9M |
| Q1 2025 | $111.3M |
| Q4 2024 | $16.7M |
MQ spent $202M buying back its own shares over the past year, down 35% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
MQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -17.2x | Net Cash |
| Q2 2026 | -33.3x | Net Cash |
| Q1 2026 | -138.1x | Net Cash |
| Q1 2025 | -31.8x | Net Cash |
MQ has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
MQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.5 | Neutral |
| Stochastic | 71.8 | Neutral |
MQ's weekly RSI is 54 (neutral) and its Stochastic is 72 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
MQ PE vs Technology Sector
| Metric | MQ | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 28x | 48% below |
| PE % | 0 | 43 | 43 pts below |
MQ is trading at 15x earnings, a 48% discount to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over MQ on valuation relative to its sector.
MQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 0.3% above |
| 20 week MA | $17.1 | 5.3% above |
| 50 week MA | $17.0 | 6.1% above |
| 100 week MA | $18.1 | 0.3% below |
| 200 week MA | $19.8 | 9% below |
MQ has stronger trend alignment. MQ is above 3 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
MQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $126.0 | $69.8 | -45% |
| 2022 | $69.8 | $24.0 | -66% |
| 2023 | $24.0 | $27.9 | +16% |
| 2024 | $27.9 | $14.6 | -48% |
| 2025 | $14.6 | $19.4 | +33% |
| 2026 YTD | $19.4 | $18.0 | -7.3% |
MQ has finished lower in three of the last five years. It's down 7.3% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over MQ on returns for 2026, with the stronger performance.