Comprehensive Stock Comparison
Compare Sea Limited (SE) vs Newegg Commerce, Inc. (NEGG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | SE | 28.8% revenue growth vs NEGG's -17.5% |
| Quality / Margins | SE | 6.2% net margin vs NEGG's -1.7% |
| Stability / Safety | NEGG | Beta 1.27 vs SE's 1.37 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | NEGG | +449.6% vs SE's -14.8% |
| Efficiency (ROA) | SE | 4.7% ROA vs NEGG's -6.1%, ROIC 5.4% vs -39.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Sea Limited is a Southeast Asian digital conglomerate operating three core platforms: Garena for gaming, Shopee for e-commerce, and SeaMoney for digital financial services. It generates revenue primarily from digital entertainment (game sales and in-app purchases), e-commerce marketplace commissions and advertising, and financial services fees — with e-commerce being the largest segment. The company's key advantage is its integrated ecosystem where each platform reinforces the others — gaming funds e-commerce growth, which in turn drives financial services adoption — creating powerful network effects across Southeast Asia's emerging digital economy.
Newegg is an electronics-focused e-commerce retailer operating primarily in North America. It generates revenue through direct online sales of computer hardware, gaming gear, consumer electronics, and related products — with its marketplace also earning commissions from third-party sellers. The company's competitive advantage lies in its specialized focus on tech-savvy customers and its strong reputation within the PC building and gaming communities.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
SE leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.
Financial Metrics (TTM)
SE is the larger business by revenue, generating $19.4B annually — 14.8x NEGG's $1.3B. SE is the more profitable business, keeping 6.2% of every revenue dollar as net income compared to NEGG's -1.7%. On growth, SE holds the edge at +38.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| RevenueTrailing 12 months | $19.4B | $1.3B |
| EBITDAEarnings before interest/tax | $1.7B | -$20M |
| Net IncomeAfter-tax profit | $1.2B | -$23M |
| Free Cash FlowCash after capex | $4.1B | $9M |
| Gross MarginGross profit ÷ Revenue | +45.0% | +11.3% |
| Operating MarginEBIT ÷ Revenue | +7.5% | -2.2% |
| Net MarginNet income ÷ Revenue | +6.2% | -1.7% |
| FCF MarginFCF ÷ Revenue | +21.3% | +0.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +38.2% | +12.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.9% | +82.8% |
Valuation Metrics
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| Market CapShares × price | $4.9B | $866.0B |
| Enterprise ValueMkt cap + debt − cash | $6.7B | $866.0B |
| Trailing P/EPrice ÷ TTM EPS | 148.56x | -19.76x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.66x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 6.33x | — |
| Price / SalesMarket cap ÷ Revenue | 0.29x | 700.90x |
| Price / BookPrice ÷ Book value/share | 7.74x | 8.08x |
| Price / FCFMarket cap ÷ FCF | 1.67x | — |
Profitability & Efficiency
SE delivers a 12.3% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-20 for NEGG. SE carries lower financial leverage with a 0.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to NEGG's 0.69x. On the Piotroski fundamental quality scale (0–9), SE scores 7/9 vs NEGG's 5/9, reflecting strong financial health.
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| ROE (TTM)Return on equity | +12.3% | -19.8% |
| ROA (TTM)Return on assets | +4.7% | -6.1% |
| ROICReturn on invested capital | +5.4% | -39.3% |
| ROCEReturn on capital employed | +6.0% | -28.2% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.49x | 0.69x |
| Net DebtTotal debt minus cash | $1.7B | -$27M |
| Cash & Equiv.Liquid assets | $2.4B | $100M |
| Total DebtShort + long-term debt | $4.1B | $73M |
| Interest CoverageEBIT ÷ Interest expense | 39.25x | -54.15x |
Total Returns (with DRIP)
A $10,000 investment in SE five years ago would be worth $4,364 today (with dividends reinvested), compared to $2,538 for NEGG. Over the past 12 months, NEGG leads with a +449.6% total return vs SE's -14.8%. The 3-year compound annual growth rate (CAGR) favors SE at 20.2% vs NEGG's 16.9% — a key indicator of consistent wealth creation.
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| YTD ReturnYear-to-date | -17.5% | -15.0% |
| 1-Year ReturnPast 12 months | -14.8% | +449.6% |
| 3-Year ReturnCumulative with dividends | +73.5% | +59.9% |
| 5-Year ReturnCumulative with dividends | -56.4% | -74.6% |
| 10-Year ReturnCumulative with dividends | +577.2% | -83.5% |
| CAGR (3Y)Annualised 3-year return | +20.2% | +16.9% |
Risk & Volatility
NEGG is the less volatile stock with a 1.27 beta — it tends to amplify market swings less than SE's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SE currently trades 54.4% from its 52-week high vs NEGG's 32.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.37x | 1.27x |
| 52-Week HighHighest price in past year | $199.30 | $137.84 |
| 52-Week LowLowest price in past year | $99.50 | $3.32 |
| % of 52W HighCurrent price vs 52-week peak | +54.4% | +32.3% |
| RSI (14)Momentum oscillator 0–100 | 45.2 | 45.5 |
| Avg Volume (50D)Average daily shares traded | 4.4M | 72K |
Analyst Outlook
Wall Street rates SE as "Buy" and NEGG as "Buy". Consensus price targets imply 61.4% upside for SE (target: $175) vs -82.6% for NEGG (target: $8).
| Metric | SESea Limited | NEGGNewegg Commerce, … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $175.00 | $7.75 |
| # AnalystsCovering analysts | 44 | 1 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Sea Limited (SE) | 100 | 236.45 | +136.4% |
| Newegg Commerce, In… (NEGG) | 100 | 37.87 | -62.1% |
Sea Limited (SE) returned -56% over 5 years vs Newegg Commerce, In… (NEGG)'s -75%.
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Sea Limited (SE) | $292M | $16.8B | +5657.8% |
| Newegg Commerce, In… (NEGG) | $738301.00 | $1.2B | +167254.0% |
Sea Limited's revenue grew from $292M (2015) to $16.8B (2024) — a 56.9% CAGR. Newegg Commerce, Inc.'s revenue grew from $1M (2015) to $1.2B (2024) — a 128.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Sea Limited (SE) | -35.4% | 2.6% | +107.5% |
| Newegg Commerce, In… (NEGG) | -13.8% | -3.5% | +74.7% |
Sea Limited's net margin went from -35% (2015) to 3% (2024). Newegg Commerce, Inc.'s net margin went from -14% (2015) to -4% (2024).
Chart 4EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Sea Limited (SE) | -0.32 | 0.73 | +328.1% |
| Newegg Commerce, In… (NEGG) | -27.74 | -2.25 | +91.9% |
Sea Limited's EPS grew from $-0.32 (2015) to $0.73 (2024). Newegg Commerce, Inc.'s EPS grew from $-27.74 (2015) to $-2.25 (2024).
Chart 5Free Cash Flow — 5 Years
Sea Limited generated $3B FCF in 2024 (+594% vs 2021). Newegg Commerce, Inc. generated $-4M FCF in 2024 (+93% vs 2021).
SE vs NEGG: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is SE or NEGG a better buy right now?
Sea Limited (SE) offers the better valuation at 148.6x trailing P/E (24.7x forward), making it the more compelling value choice. Analysts rate Sea Limited (SE) a "Buy" — based on 44 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — SE or NEGG?
Over the past 5 years, Sea Limited (SE) delivered a total return of -56.4%, compared to -74.6% for Newegg Commerce, Inc. (NEGG). A $10,000 investment in SE five years ago would be worth approximately $4K today (assuming dividends reinvested). Over 10 years, the gap is even starker: SE returned +577.2% versus NEGG's -83.5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — SE or NEGG?
By beta (market sensitivity over 5 years), Newegg Commerce, Inc. (NEGG) is the lower-risk stock at 1.27β versus Sea Limited's 1.37β — meaning SE is approximately 8% more volatile than NEGG relative to the S&P 500. On balance sheet safety, Sea Limited (SE) carries a lower debt/equity ratio of 49% versus 69% for Newegg Commerce, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — SE or NEGG?
Sea Limited (SE) is the more profitable company, earning 2.6% net margin versus -3.5% for Newegg Commerce, Inc. — meaning it keeps 2.6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SE leads at 3.9% versus -4.2% for NEGG. At the gross margin level — before operating expenses — SE leads at 42.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is SE or NEGG more undervalued right now?
Analyst consensus price targets imply the most upside for SE: 61.4% to $175.00.
06Which pays a better dividend — SE or NEGG?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is SE or NEGG better for a retirement portfolio?
For long-horizon retirement investors, Sea Limited (SE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+577.2% 10Y return). Both have compounded well over 10 years (SE: +577.2%, NEGG: -83.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between SE and NEGG?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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