AME
AMETEK, Inc.
AME has the edge over BA overall, supported by lower modeled downside and stronger modeled upside.
BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
AME Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Stable |
AME's revenue, profitability and cash flow are currently healthy, and its balance sheet is 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.
AME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 26x | $241 | — |
| Cheap | 27x | $189 | -21% |
| Fair | 30x | $212 | -12% |
| Current | 34x | $241 | — |
| Expensive | 35x | $247 | +2.4% |
Historical ranges are pointers, not guarantees.
AME's PE is in its expensive range at 34x. If earnings grow as analysts expect, today's price would be 26x next year's earnings, in its cheap 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 AME in the historical PE scenario, which offers more potential upside but is not a forecast.
AME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AME, but weaker profitability.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over AME on the outlook, with more favorable profitability expectations.
AME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.24 | +30% |
| Q3 2026 | $7.09 | +12% |
| Q2 2026 | $6.84 | +10% |
| Q1 2026 | $6.62 | +8.3% |
| Q4 2025 | $6.40 | +7.9% |
| Q3 2025 | $6.34 | +10% |
| Q2 2025 | $6.21 | +8.2% |
| Q1 2025 | $6.11 | +7.4% |
| Q4 2024 | $5.93 | +4.6% |
AME 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.
AME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +17% |
| Q2 2026 | $2B | +15% |
| Q1 2026 | $1.9B | +11% |
| Q4 2025 | $2B | +13% |
| Q3 2025 | $1.9B | +11% |
| Q2 2025 | $1.8B | +2.5% |
| Q1 2025 | $1.7B | -0.2% |
| Q4 2024 | $1.8B | +1.8% |
AME's revenue has grown year over year for six quarters in a row: $2.2B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +0.6 points |
| Q2 2026 | 26% | -0.1 points |
| Q1 2026 | 27% | +0.4 points |
| Q4 2025 | 25% | -1.3 points |
| Q3 2025 | 26% | -0.3 points |
| Q2 2025 | 26% | +0.2 points |
| Q1 2025 | 26% | +2.2 points |
| Q4 2024 | 27% | +0.9 points |
AME 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 AME 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.
AME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $527.4M | +26% |
| Q2 2026 | $451.7M | +37% |
| Q1 2026 | $426M | +8% |
| Q4 2025 | $527.3M | +5.8% |
| Q3 2025 | $420M | -8.9% |
| Q2 2025 | $329.8M | -8.4% |
| Q1 2025 | $394.5M | +3.1% |
| Q4 2024 | $498.3M | +3.6% |
AME's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 18% 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 AME on cash flow, with more consistent year-over-year improvement.
AME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +185K shares |
| 1 year | -0.7% | -1.6M shares |
| 3 years | -0.7% | -1.7M shares |
| 5 years | -1.3% | -3M shares |
| Available history | +0.3% | +645K shares |
AME has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $146,000 |
| Q2 2026 | $165,000 |
| Q1 2026 | $27.9M |
| Q4 2025 | $270.4M |
| Q3 2025 | $145.5M |
| Q2 2025 | $111,000 |
| Q1 2025 | $18M |
| Q4 2024 | $144M |
AME spent $299M buying back its own shares over the past year, down 2.9% 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 | — |
AME Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.8x | Very low |
AME 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.
AME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 33.8 | Neutral |
AME's weekly RSI is 52 (neutral) and its Stochastic is 34 (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).
AME PE vs Industrials Sector
| Metric | AME | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 24x | 41% above |
| PE % | 78 | 58 | 20 pts above |
AME is trading at 34x earnings, a 41% 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 AME on valuation relative to its sector.
AME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $243.8 | 1.1% below |
| 20 week MA | $242.1 | 0.4% below |
| 50 week MA | $230.3 | 4.7% above |
| 100 week MA | $205.8 | 17% above |
| 200 week MA | $183.7 | 31% above |
AME 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.
AME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $100.0 | $119.0 | +19% |
| 2021 | $119.0 | $142.6 | +20% |
| 2022 | $142.6 | $139.4 | -2.2% |
| 2023 | $139.4 | $164.9 | +18% |
| 2024 | $164.9 | $182.5 | +11% |
| 2025 | $182.5 | $208.5 | +14% |
| 2026 YTD | $208.5 | $241.0 | +16% |
AME 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.