ALGT
Allegiant Travel Company
ALGT offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
BA
The Boeing Company
BA has a slight edge over ALGT overall, supported by stronger valuation and lower modeled downside.
ALGT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Weak |
ALGT's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
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.
ALGT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $31.52 | -66% |
| Forward | 13x | $92.51 | — |
| Fair | 17x | $57.07 | -38% |
| Current | 28x | $92.51 | — |
| Expensive | 52x | $174 | +88% |
Historical ranges are pointers, not guarantees.
ALGT's PE is in its fair range at 28x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
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 ALGT in the historical PE scenario, which offers more potential upside but is not a forecast.
ALGT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ALGT, but weaker profitability. However, they disagree widely on these estimates.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over ALGT on the outlook, with more favorable profitability expectations.
ALGT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.05 | +110% |
| Q3 2026 | $3.35 | +$19.77 |
| Q2 2026 | $1.50 | +$17.56 |
| Q1 2026 | -$1.91 | +$9.78 |
| Q4 2025 | -$2.48 | +$11.01 |
| Q3 2025 | -$16.42 | -$14.89 |
| Q2 2025 | -$16.06 | -$15.14 |
| Q1 2025 | -$11.69 | -473% |
| Q4 2024 | -$13.49 | -314% |
ALGT has returned to profit: it earned $3.35 per share over the past year, after losing money the year before.
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.
ALGT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $961.6M | +71% |
| Q2 2026 | $943.5M | +37% |
| Q1 2026 | $732.4M | +4.8% |
| Q4 2025 | $656.2M | +4.5% |
| Q3 2025 | $561.9M | 0% |
| Q2 2025 | $689.4M | +3.5% |
| Q1 2025 | $699.1M | +6.5% |
| Q4 2024 | $627.7M | +2.7% |
ALGT's revenue has grown year over year for four quarters in a row: $962M last quarter, up 71% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.1% | +6 points |
| Q2 2026 | 2.2% | +12 points |
| Q1 2026 | 11% | +1.8 points |
| Q4 2025 | 10% | +52 points |
| Q3 2025 | -4.8% | -0.1 points |
| Q2 2025 | -9.8% | -15 points |
| Q1 2025 | 9.3% | +7 points |
| Q4 2024 | -42% | -44 points |
ALGT's operating margin was 1.1% last quarter, up 6 points from the same quarter a year ago.
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 ALGT 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 has the edge over ALGT on profitability, with a higher operating margin.
ALGT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$264.1M | -$128.8M |
| Q2 2026 | -$74.6M | -$28.1M |
| Q1 2026 | $222.6M | +90% |
| Q4 2025 | $90.4M | +276% |
| Q3 2025 | -$135.3M | -$110.9M |
| Q2 2025 | -$46.5M | -280% |
| Q1 2025 | $116.9M | +225% |
| Q4 2024 | $24M | +$91.5M |
ALGT's free cash flow was −$26M over the past year, against −$41M 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 ALGT on cash generation, producing positive trailing cash flow while its opponent burns cash.
ALGT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +18% | +4.1M shares |
| 1 year | +50% | +8.9M shares |
| 3 years | +52% | +9.3M shares |
| 5 years | +52% | +9.2M shares |
| Available history | +68% | +10.9M shares |
ALGT has 27M diluted shares, up 50% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.6M |
| Q2 2026 | $783,000 |
| Q1 2026 | $55,000 |
| Q4 2025 | $632,000 |
| Q3 2025 | $1.5M |
| Q2 2025 | $350,000 |
| Q1 2025 | $11.1M |
| Q4 2024 | $886,000 |
ALGT spent $8M buying back its own shares over the past year, down 42% 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 the edge over ALGT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ALGT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q2 2026 | 5.9x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.7x | High |
| Q1 2025 | 25.7x | High |
| Q4 2024 | 97.4x | High |
| Q3 2024 | 6.7x | High |
| Q2 2024 | 7.0x | High |
ALGT's net debt is about 5.8 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
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 has the edge over ALGT on leverage, with a lower net debt burden relative to earnings.
ALGT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.6 | Neutral |
| Stochastic | 52.5 | Neutral |
ALGT's weekly RSI is 57 (neutral) and its Stochastic is 53 (neutral).
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).
ALGT PE vs Industrials Sector
| Metric | ALGT | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 15% above |
| PE % | 63 | 58 | 5 pts above |
ALGT is trading at 28x earnings, a 15% 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 ALGT on valuation relative to its sector.
ALGT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.0 | 19% above |
| 20 week MA | $86.4 | 7.1% above |
| 50 week MA | $88.0 | 5.1% above |
| 100 week MA | $76.4 | 21% above |
| 200 week MA | $76.8 | 20% above |
ALGT 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.
ALGT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $177.4 | $179.2 | +1% |
| 2021 | $179.2 | $190.2 | +6.1% |
| 2022 | $190.2 | $65.7 | -65% |
| 2023 | $65.7 | $82.6 | +26% |
| 2024 | $82.6 | $91.1 | +10% |
| 2025 | $91.1 | $84.7 | -7.1% |
| 2026 YTD | $84.7 | $92.5 | +9.3% |
ALGT 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.