NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
T
AT&T Inc.
T's fundamentals are mixed: it turned 14% of its revenue into free cash flow, but earnings per share fell 40%. At 12x earnings, it's trading right at its usual valuation. Its downside scenario is about four times its upside.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
T Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
T's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
T PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.9x | $14.50 | -35% |
| Forward | 8.8x | $22.18 | — |
| Fair | 12x | $22.48 | +1.3% |
| Current | 12x | $22.18 | — |
| Expensive | 18x | $33.86 | +53% |
Historical ranges are pointers, not guarantees.
T has the edge over NBIS in the historical PE scenario, which offers more potential upside but is not a forecast.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
T Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect T's earnings to grow and its profitability to improve, with its revenue holding steady.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has the edge over T in the latest year-over-year earnings comparison.
T Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.53 | +38% |
| Q3 2026 | $1.84 | -40% |
| Q2 2026 | $3.01 | +71% |
| Q1 2026 | $2.97 | +82% |
| Q4 2025 | $3.04 | +104% |
| Q3 2025 | $3.08 | +150% |
| Q2 2025 | $1.76 | +1.1% |
| Q1 2025 | $1.63 | -12% |
| Q4 2024 | $1.49 | -24% |
T's earnings per share have fallen from their peak: $1.84 over the past year, against $3.08 in late 2025.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
T Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.3B | +5.3% |
| Q2 2026 | $31.6B | +2.3% |
| Q1 2026 | $31.5B | +2.9% |
| Q4 2025 | $33.5B | +3.6% |
| Q3 2025 | $30.7B | +1.6% |
| Q2 2025 | $30.8B | +3.5% |
| Q1 2025 | $30.6B | +2% |
| Q4 2024 | $32.3B | +0.9% |
T has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -7.3 points |
| Q2 2026 | 22% | +1.2 points |
| Q1 2026 | 21% | +2.3 points |
| Q4 2025 | 17% | +0.8 points |
| Q3 2025 | 20% | +13 points |
| Q2 2025 | 21% | +1.7 points |
| Q1 2025 | 19% | -0.7 points |
| Q4 2024 | 16% | 0 points |
T's operating margin was 13% last quarter, down 7.3 points from the same quarter a year ago.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
T Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +3.7% |
| Q2 2026 | $5.1B | +4.8% |
| Q1 2026 | $2.7B | -43% |
| Q4 2025 | $4.5B | -10% |
| Q3 2025 | $5.3B | +6.7% |
| Q2 2025 | $4.9B | +2.8% |
| Q1 2025 | $4.8B | +26% |
| Q4 2024 | $5.1B | -25% |
T's free cash flow has been positive every quarter for six years: $17.8B over the past year, down 11% from the year before.
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over T on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
T Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -102M shares |
| 1 year | -4.5% | -325M shares |
| 3 years | -4.7% | -341M shares |
| 5 years | -5% | -358M shares |
| Available history | -6.9% | -504M shares |
T has 6.8B diluted shares, down 4.5% from a year ago, with $9.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.8B |
| Q2 2026 | $2.2B |
| Q1 2026 | $2.5B |
| Q4 2025 | $1.8B |
| Q3 2025 | $1.5B |
| Q2 2025 | $961M |
| Q1 2025 | $218M |
| Q4 2024 | $13M |
T spent $9.3B buying back its own shares over the past year, about three times what it spent the year before.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
T Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
T's net debt is about 3.4 years of its operating earnings (EBITDA), up from 2.7 years a year ago.
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
T Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.2 | Neutral |
| Stochastic | 19.0 | Oversold |
T's weekly RSI is 43 (neutral) and its Stochastic is 19 (oversold).
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
T PE vs Communication Services Sector
| Metric | T | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 27% below |
| PE % | 49 | 26 | 23 pts above |
T has the edge over NBIS on valuation relative to its sector.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
NBIS has stronger trend alignment. NBIS is above 1 of 4 weekly averages versus T above 1 of 5.
T Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.7 | 2.2% below |
| 20 week MA | $23.5 | 5.5% below |
| 50 week MA | $24.8 | 11% below |
| 100 week MA | $25.7 | 14% below |
| 200 week MA | $21.8 | 1.9% above |
T has fallen below most of its moving averages, though it's still 1.9% above its 200-week average.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has the edge over T on returns for 2026, with the stronger performance.
T Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.6 | $21.7 | -27% |
| 2021 | $21.7 | $18.8 | -13% |
| 2022 | $18.8 | $18.3 | -2.5% |
| 2023 | $18.3 | $16.8 | -8.4% |
| 2024 | $16.8 | $22.9 | +36% |
| 2025 | $22.9 | $24.7 | +7.8% |
| 2026 YTD | $24.7 | $22.2 | -10% |
T has finished lower in four of the last six years. It's down 10% so far in 2026.