AMRC
Ameresco, Inc.
AMRC offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
BA
The Boeing Company
BA has the edge over AMRC overall, supported by stronger fundamentals and lower modeled downside.
AMRC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Weak | |
| Weak |
AMRC's revenue and profitability are currently stable, but its cash flow and balance sheet are weak.
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.
AMRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $25.89 | — |
| Cheap | 23x | $17.56 | -32% |
| Fair | 32x | $24.21 | -6.5% |
| Current | 34x | $25.89 | — |
| Expensive | 46x | $34.96 | +35% |
Historical ranges are pointers, not guarantees.
AMRC's PE is in its fair range at 34x. If earnings grow as analysts expect, today's price would be 14x 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 AMRC in the historical PE scenario, which offers more potential upside but is not a forecast.
AMRC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AMRC, with profitability improving.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect BA to return to profit, with revenue growing. However, they disagree widely on these estimates.
AMRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.85 | +144% |
| Q3 2026 | $0.76 | -37% |
| Q2 2026 | $0.52 | -56% |
| Q1 2026 | $0.58 | -44% |
| Q4 2025 | $0.83 | -22% |
| Q3 2025 | $1.20 | +21% |
| Q2 2025 | $1.18 | +11% |
| Q1 2025 | $1.03 | -5.5% |
| Q4 2024 | $1.07 | -8.5% |
AMRC's earnings per share have fallen from their peak: $0.76 over the past year, against $1.98 in late 2022.
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 the edge over AMRC on earnings, with more consistent year-over-year improvement.
AMRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $580.3M | +10% |
| Q2 2026 | $515.5M | +9.1% |
| Q1 2026 | $401.5M | +14% |
| Q4 2025 | $581M | +9.1% |
| Q3 2025 | $526M | +5% |
| Q2 2025 | $472.3M | +7.8% |
| Q1 2025 | $352.8M | +18% |
| Q4 2024 | $532.7M | +21% |
AMRC's revenue has grown year over year for 12 quarters in a row: $580M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +2.5 points |
| Q2 2026 | 8.6% | +2.7 points |
| Q1 2026 | 2.5% | -1.3 points |
| Q4 2025 | 8% | -0.4 points |
| Q3 2025 | 8.1% | +1 points |
| Q2 2025 | 5.9% | +1.1 points |
| Q1 2025 | 3.9% | +1.2 points |
| Q4 2024 | 8.4% | +0.7 points |
AMRC 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's revenue has grown year over year for seven quarters in a row: $24.2B last quarter, up 3.9% from the same quarter a year ago.
| 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.
AMRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.5M | -153% |
| Q2 2026 | -$108.1M | -$81.1M |
| Q1 2026 | $34.9M | +$63.6M |
| Q4 2025 | -$98.7M | -676% |
| Q3 2025 | $18.1M | -25% |
| Q2 2025 | -$27M | -152% |
| Q1 2025 | -$28.7M | -245% |
| Q4 2024 | $17.1M | +$47.8M |
AMRC has burned cash in most quarters: −$181M over the past year, against −$21M 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 AMRC on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -160K shares |
| 1 year | +0.6% | +305K shares |
| 3 years | +0.7% | +375K shares |
| 5 years | +1.6% | +836K shares |
| Available history | +12% | +5.6M shares |
AMRC has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
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 | — |
AMRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.9x | High |
| Q2 2026 | 7.2x | High |
| Q1 2026 | 8.1x | High |
| Q4 2025 | 8.1x | High |
| Q3 2025 | 7.7x | High |
| Q2 2025 | 7.9x | High |
| Q1 2025 | 7.9x | High |
| Q4 2024 | 7.7x | High |
AMRC's net debt is about 6.9 years of its operating earnings (EBITDA), down from 7.7 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 AMRC on leverage, with a lower net debt burden relative to earnings.
AMRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.2 | Neutral |
| Stochastic | 37.7 | Neutral |
AMRC's weekly RSI is 54 (neutral) and its Stochastic is 38 (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).
AMRC PE vs Industrials Sector
| Metric | AMRC | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 24x | 42% above |
| PE % | 57 | 58 | 1 pt below |
AMRC is trading at 34x earnings, a 42% 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 AMRC on valuation relative to its sector.
AMRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.3 | 22% above |
| 20 week MA | $22.7 | 14% above |
| 50 week MA | $26.9 | 3.8% below |
| 100 week MA | $24.3 | 6.5% above |
| 200 week MA | $29.9 | 13% below |
AMRC 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.
AMRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.5 | $49.4 | +183% |
| 2021 | $49.4 | $77.9 | +58% |
| 2022 | $77.9 | $56.3 | -28% |
| 2023 | $56.3 | $31.7 | -44% |
| 2024 | $31.7 | $23.2 | -27% |
| 2025 | $23.2 | $30.2 | +30% |
| 2026 YTD | $30.2 | $25.9 | -14% |
AMRC 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.