AIT
Applied Industrial Technologies, Inc.
AIT has a slight edge over BA overall, supported by stronger modeled upside and lower modeled downside.
BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AIT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
AIT's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
BA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
BA's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is under pressure.
AIT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $194 | -35% |
| Fair | 23x | $258 | -14% |
| Forward | 24x | $300 | — |
| Current | 27x | $300 | — |
| Expensive | 30x | $344 | +15% |
Historical ranges are pointers, not guarantees.
AIT's PE is in its expensive range at 27x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its fair range.
BA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $172 | — |
| Cheap | 51x | $496 | +189% |
| Fair | 82x | $790 | +360% |
| Expensive | 91x | $876 | +411% |
Historical ranges are pointers, not guarantees.
BA has the edge over AIT in the historical PE scenario, which offers more potential upside but is not a forecast.
AIT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AIT, with profitability holding steady.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over AIT on the outlook, with more favorable profitability expectations.
AIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.34 | +9.3% |
| Q3 2026 | $11.29 | +8.7% |
| Q2 2026 | $10.95 | +8.2% |
| Q1 2026 | $10.59 | +6.3% |
| Q4 2025 | $10.51 | +6.5% |
| Q3 2025 | $10.39 | +6% |
| Q2 2025 | $10.12 | +3% |
| Q1 2025 | $9.96 | +4.4% |
| Q4 2024 | $9.87 | +3.6% |
AIT has the edge over BA on earnings, with more consistent year-over-year improvement.
BA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $9.66 | +$23.38 |
| Q2 2026 | $2.78 | +$19.33 |
| Q1 2026 | $2.53 | +$20.49 |
| Q4 2025 | $2.48 | +$20.84 |
| Q3 2025 | -$13.72 | -$0.83 |
| Q2 2025 | -$16.55 | -$10.93 |
| Q1 2025 | -$17.96 | -$14.42 |
| Q4 2024 | -$18.36 | -$14.69 |
BA has returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
AIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +7.6% |
| Q2 2026 | $1.4B | +10% |
| Q1 2026 | $1.3B | +7.3% |
| Q4 2025 | $1.2B | +8.4% |
| Q3 2025 | $1.2B | +9.2% |
| Q2 2025 | $1.2B | +5.5% |
| Q1 2025 | $1.2B | +1.8% |
| Q4 2024 | $1.1B | -0.4% |
AIT's revenue has grown year over year for seven quarters in a row: $1.3B last quarter, up 7.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.4 points |
| Q2 2026 | 12% | +0.8 points |
| Q1 2026 | 11% | -0.1 points |
| Q4 2025 | 11% | -0.7 points |
| Q3 2025 | 11% | +0.5 points |
| Q2 2025 | 11% | -1 points |
| Q1 2025 | 11% | +0.5 points |
| Q4 2024 | 11% | +0.6 points |
AIT has the edge over BA on profitability, with a higher operating margin.
BA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $24.2B | +3.9% |
| Q2 2026 | $24.6B | +8% |
| Q1 2026 | $22.2B | +14% |
| Q4 2025 | $23.9B | +57% |
| Q3 2025 | $23.3B | +30% |
| Q2 2025 | $22.7B | +35% |
| Q1 2025 | $19.5B | +18% |
| Q4 2024 | $15.2B | -31% |
BA has the edge over AIT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.5% | +22 points |
| Q2 2026 | 0.6% | +1.4 points |
| Q1 2026 | 2% | -0.3 points |
| Q4 2025 | 37% | +61 points |
| Q3 2025 | -21% | +12 points |
| Q2 2025 | -0.8% | +5.7 points |
| Q1 2025 | 2.4% | +2.9 points |
| Q4 2024 | -25% | -26 points |
BA's operating margin was 1.5% last quarter, up 22 points from the same quarter a year ago.
AIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $73.4M | -35% |
| Q2 2026 | $159.7M | +16% |
| Q1 2026 | $95.4M | -17% |
| Q4 2025 | $93.4M | +3.8% |
| Q3 2025 | $112M | -8.3% |
| Q2 2025 | $138.2M | +24% |
| Q1 2025 | $114.9M | +50% |
| Q4 2024 | $89.9M | -6.5% |
AIT's free cash flow has been positive every quarter for seven years: $422M over the past year, down 7.3% from the year before.
BA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $464M | +95% |
| Q2 2026 | $631M | +$831M |
| Q1 2026 | -$1.5B | +$836M |
| Q4 2025 | $375M | +$4.5B |
| Q3 2025 | $238M | +$2.2B |
| Q2 2025 | -$200M | +$4.1B |
| Q1 2025 | -$2.3B | +$1.6B |
| Q4 2024 | -$4.1B | -239% |
BA has the edge over AIT on cash flow, with more consistent year-over-year improvement.
AIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -677K shares |
| 1 year | -2.9% | -1.1M shares |
| 3 years | -5.4% | -2.1M shares |
| 5 years | -4.9% | -1.9M shares |
| Available history | -4.8% | -1.9M shares |
AIT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $80M |
| Q2 2026 | $80.8M |
| Q1 2026 | $93M |
| Q4 2025 | $90.2M |
| Q3 2025 | $53.2M |
| Q2 2025 | $73M |
| Q1 2025 | $49.7M |
| Q4 2024 | $20.1M |
AIT spent $344M buying back its own shares over the past year, up 76% from the year before.
BA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +2.1M shares |
| 1 year | +4.3% | +32.8M shares |
| 3 years | +31% | +186M shares |
| 5 years | +35% | +204M shares |
| Available history | +40% | +227M shares |
BA has 793M diluted shares, up 4.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
AIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.5x | Very low |
AIT has the edge over BA on leverage, with a lower net debt burden relative to earnings.
BA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 6.9x | High |
| Q2 2024 | 361.8x | High |
| Q1 2024 | 36.1x | High |
| Q4 2023 | 36.4x | High |
| Q3 2023 | 96.1x | High |
BA's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
AIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.4 | Neutral |
| Stochastic | 9.2 | Oversold |
AIT's weekly RSI is 43 (neutral) and its Stochastic is 9 (oversold).
BA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.1 | Neutral |
| Stochastic | 9.6 | Oversold |
BA's weekly RSI is 31 (neutral) and its Stochastic is 10 (oversold).
AIT PE vs Industrials Sector
| Metric | AIT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 11% above |
| PE % | 71 | 58 | 13 pts above |
AIT is trading at 27x earnings, a 11% premium to the Industrials sector's median of 24x.
BA PE vs Industrials Sector
| Metric | BA | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 0 | 58 | 58 pts below |
BA has the edge over AIT on valuation relative to its sector.
AIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $317.1 | 5.5% below |
| 20 week MA | $329.2 | 8.9% below |
| 50 week MA | $302.8 | 1% below |
| 100 week MA | $274.5 | 9.2% above |
| 200 week MA | $225.3 | 33% above |
AIT has the edge over BA on trend strength, trading above more of its moving averages.
BA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $184.6 | 7.1% below |
| 20 week MA | $203.8 | 16% below |
| 50 week MA | $215.5 | 20% below |
| 100 week MA | $205.9 | 17% below |
| 200 week MA | $200.6 | 14% below |
BA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
AIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.6 | $78.1 | +17% |
| 2021 | $78.1 | $101.6 | +30% |
| 2022 | $101.6 | $126.3 | +24% |
| 2023 | $126.3 | $172.7 | +37% |
| 2024 | $172.7 | $241.6 | +40% |
| 2025 | $241.6 | $264.8 | +9.6% |
| 2026 YTD | $264.8 | $299.8 | +13% |
AIT has the edge over BA on returns for 2026, with the stronger performance.
BA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $330.1 | $217.2 | -34% |
| 2021 | $217.2 | $204.2 | -6% |
| 2022 | $204.2 | $189.1 | -7.4% |
| 2023 | $189.1 | $260.7 | +38% |
| 2024 | $260.7 | $180.7 | -31% |
| 2025 | $180.7 | $216.4 | +20% |
| 2026 YTD | $216.4 | $171.6 | -21% |
BA has finished lower in four of the last six years. It's down 21% so far in 2026.