eBay vs Ollie's Bargain Outlet
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The short version
- eBay is the larger business, with $11.1B of revenue in fiscal 2025 against $2.6B for Ollie's Bargain Outlet, about 4.2 times as much.
- Ollie's Bargain Outlet grew revenue faster (16.6%, against 8.0%).
- eBay kept more of each dollar of sales as operating profit (20.5% operating margin, against 11.2%).
- eBay turned more of its sales into free cash flow (12.9% FCF margin, against 7.4%).
- eBay earned a higher return on the capital invested in it (26.8%, against 14.5%).
- Investors pay more for each dollar of eBay’s earnings: a P/E of 25.2x against 19.6x for Ollie's Bargain Outlet.
| Latest fiscal year | EBAY · FY25 | OLLI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $55.2B | $5.3B |
| Revenue | $11.1B | $2.6B |
| Free cash flow | $1.4B | $195M |
| Net income | $2.0B | $241M |
| Growth | ||
| Revenue growth | 8.0% | 16.6% |
| 5-year growth | 4.5% | 7.9% |
| Share count change | −6.6% | 0.0% |
| Profitability | ||
| Gross margin | 71.5% | 40.5% |
| Operating margin | 20.5% | 11.2% |
| Net margin | 18.3% | 9.1% |
| FCF margin | 12.9% | 7.4% |
| Return on capital | 26.8% | 14.5% |
| Return on equity | 41.6% | 13.4% |
| Balance sheet | ||
| Net debt | $3.8B | −$258M |
| Net debt / EBITDA | 1.4x | −0.7x |
| Dividends and buybacks | $3.0B | $73.8M |
| Valuation & quality | ||
| P/E | 25.2x | 19.6x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
EBAY $9.3B
OLLI $890M
FY17
EBAY $9.9B
OLLI $1.1B
FY18
EBAY $8.7B
OLLI $1.2B
FY19
EBAY $7.4B
OLLI $1.4B
FY20
EBAY $8.9B
OLLI $1.8B
FY21
EBAY $10.4B
OLLI $1.8B
FY22
EBAY $9.8B
OLLI $1.8B
FY23
EBAY $10.1B
OLLI $2.1B
FY24
EBAY $10.3B
OLLI $2.3B
FY25
EBAY $11.1B
OLLI $2.6B
EBAY
OLLI
Operating margin
FY16
EBAY 25.0%
OLLI 11.5%
FY17
EBAY 22.8%
OLLI 12.6%
FY18
EBAY 20.3%
OLLI 13.1%
FY19
EBAY 23.8%
OLLI 12.2%
FY20
EBAY 29.6%
OLLI 15.3%
FY21
EBAY 28.1%
OLLI 11.7%
FY22
EBAY 24.0%
OLLI 7.2%
FY23
EBAY 19.2%
OLLI 10.8%
FY24
EBAY 22.5%
OLLI 11.0%
FY25
EBAY 20.5%
OLLI 11.2%
EBAY
OLLI
Free cash flow
FY16
EBAY $2.2B
OLLI $50.7M
FY17
EBAY $2.5B
OLLI $76.7M
FY18
EBAY $2.0B
OLLI $51.9M
FY19
EBAY $2.6B
OLLI $28.4M
FY20
EBAY $2.0B
OLLI $331M
FY21
EBAY $2.2B
OLLI $10.0M
FY22
EBAY $1.8B
OLLI $62.7M
FY23
EBAY $2.0B
OLLI $130M
FY24
EBAY $2.0B
OLLI $107M
FY25
EBAY $1.4B
OLLI $195M
EBAY
OLLI
Return on capital
FY16
EBAY 23.8%
OLLI 8.6%
FY17
EBAY 9.2%
OLLI 17.1%
FY18
EBAY 14.5%
OLLI 16.1%
FY19
EBAY 16.6%
OLLI 15.1%
FY20
EBAY 24.9%
OLLI 26.1%
FY21
EBAY 19.1%
OLLI 16.3%
FY22
EBAY 17.9%
OLLI 9.2%
FY23
EBAY 15.4%
OLLI 14.2%
FY24
EBAY 25.5%
OLLI 13.7%
FY25
EBAY 26.8%
OLLI 14.5%
EBAY
OLLI
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.