eBay
EBAY · Broadline Retail
$121.41
0.5%Sea Limited
SE · Broadline Retail
$74.63
1.4%The short version
- Sea Limited is the larger business, with $22.9B of revenue in fiscal 2025 against $11.1B for eBay, about 2.1 times as much.
- Sea Limited grew revenue faster (36.4%, against 8.0%).
- eBay kept more of each dollar of sales as operating profit (20.5% operating margin, against 8.7% operating margin).
- Sea Limited turned more of its sales into free cash flow (19.7% FCF margin, against 12.9% FCF margin).
| Latest fiscal year | EBAY · FY25 | SE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $55.2B | $47.6B |
| Revenue | $11.1B | $22.9B |
| Free cash flow | $1.4B | $4.5B |
| Net income | $2.0B | $1.6B |
| Growth | ||
| Revenue growth | 8.0% | 36.4% |
| 5-year growth | 4.5% | 39.3% |
| Share count change | −6.6% | 5.5% |
| Profitability | ||
| Gross margin | 71.5% | 44.7% |
| Operating margin | 20.5% | 8.7% |
| Net margin | 18.3% | 6.9% |
| FCF margin | 12.9% | 19.7% |
| Return on capital | 26.8% | — |
| Return on equity | 41.6% | 15.1% |
| Balance sheet | ||
| Net debt | $3.8B | −$10.5B |
| Net debt / EBITDA | 1.4x | −4.5x |
| Dividends and buybacks | $3.0B | $14.0M |
| Valuation & quality | ||
| P/E | 25.2x | — |
| Piotroski F-score | 5 | 8 |
FY16
EBAY $9.3B
SE $346M
FY17
EBAY $9.9B
SE $414M
FY18
EBAY $8.7B
SE $827M
FY19
EBAY $7.4B
SE $2.2B
FY20
EBAY $8.9B
SE $4.4B
FY21
EBAY $10.4B
SE $10.0B
FY22
EBAY $9.8B
SE $12.4B
FY23
EBAY $10.1B
SE $13.1B
FY24
EBAY $10.3B
SE $16.8B
FY25
EBAY $11.1B
SE $22.9B
EBAY
SE
FY16
EBAY 25.0%
SE −59.4%
FY17
EBAY 22.8%
SE −121.3%
FY18
EBAY 20.3%
SE −119.6%
FY19
EBAY 23.8%
SE −41.0%
FY20
EBAY 29.6%
SE −29.8%
FY21
EBAY 28.1%
SE −15.9%
FY22
EBAY 24.0%
SE −12.0%
FY23
EBAY 19.2%
SE 1.7%
FY24
EBAY 22.5%
SE 3.9%
FY25
EBAY 20.5%
SE 8.7%
EBAY
SE
FY16
EBAY $2.2B
SE −$119M
FY17
EBAY $2.5B
SE −$327M
FY18
EBAY $2.0B
SE −$673M
FY19
EBAY $2.6B
SE −$170M
FY20
EBAY $2.0B
SE $220M
FY21
EBAY $2.2B
SE −$564M
FY22
EBAY $1.8B
SE −$2.0B
FY23
EBAY $2.0B
SE $1.8B
FY24
EBAY $2.0B
SE $3.0B
FY25
EBAY $1.4B
SE $4.5B
EBAY
SE
FY16
EBAY 23.8%
SE —
FY17
EBAY 9.2%
SE —
FY18
EBAY 14.5%
SE —
FY19
EBAY 16.6%
SE —
FY20
EBAY 24.9%
SE —
FY21
EBAY 19.1%
SE —
FY22
EBAY 17.9%
SE —
FY23
EBAY 15.4%
SE 3.4%
FY24
EBAY 25.5%
SE 13.8%
FY25
EBAY 26.8%
SE —
EBAY
SE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.