eBay Inc. EBAY

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
72/100
Moderate

About eBay Inc.

eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. Its marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps. The company's platforms enable users to list, sell, buy, and pay various products. The company was founded … Full EBAY analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 71.4% (top 18%) and operating margin at 20.5% (top 3%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.79), demonstrating pricing resilience across cycles.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.21), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
85

Where EBAY ranks in Internet Retail

eBay Inc. ranks #6 of 43 scored companies in Internet Retail by moat score — the top 14%. The widest moat in the group is PDD Holdings Inc. (PDD) at 77/100.

Moat scores for companies ranked near EBAY in Internet Retail
# Company Moat score Rating
2 Amazon.com, Inc. AMZN 75/100 Strong
3 MercadoLibre, Inc. MELI 75/100 Moderate
4 Maplebear Inc. CART 73/100 Moderate
5 Vipshop Holdings Limited VIPS 72/100 Moderate
6 eBay Inc. EBAY 72/100 Moderate
7 Liquidity Services, Inc. LQDT 69/100 Moderate
8 Global-E Online Ltd. GLBE 69/100 Moderate
9 Sea Limited SE 68/100 Moderate
10 Revolve Group, Inc. RVLV 66/100 Moderate

See every General Corporate company ranked by moat score →

How EBAY scores on the Corporate Default defenses

Pricing Power

Score 85 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 77 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 82 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 72 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 46 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 67 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding EBAY's moat

What is eBay Inc.'s moat score?

eBay Inc. (EBAY) scores 72 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 43 scored companies in Internet Retail, the top 14%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 42 companies in Internet Retail. Its strongest defense is Pricing Power (85/100) and its weakest is Resilience (46/100).

How does eBay Inc. compare with other Internet Retail companies?

eBay Inc. ranks #6 of 43 scored companies in Internet Retail by moat score. The widest moat in Internet Retail is PDD Holdings Inc. (PDD) at 77/100. The companies ranked closest are Vipshop Holdings Limited (VIPS) at 72 just above it and Liquidity Services, Inc. (LQDT) at 69 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 42 companies in Internet Retail. The defenses are then weighted to produce the overall score out of 100.

Why is eBay Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for eBay Inc.?

The Corporate Default template measures 6 defenses, and EBAY scores: Pricing Power (85), Cost Advantage (77), Customer Stickiness (82), Capital Efficiency (72), Resilience (46), Scale & Market Position (67). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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