APT
Alpha Pro Tech, Ltd.
APT has the edge over BA overall, supported by stronger valuation and stronger modeled upside.
BA
The Boeing Company
BA's outlook is improving, though it still trails on the overall score.
APT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
APT's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
APT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.7x | $6.25 | — |
| Cheap | 8.4x | $4.18 | -33% |
| Current | 13x | $6.25 | — |
| Fair | 15x | $7.26 | +16% |
| Expensive | 17x | $8.65 | +38% |
Historical ranges are pointers, not guarantees.
APT's PE is in its cheap range at 13x. If earnings grow as analysts expect, today's price would be 4.7x 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 APT in the historical PE scenario, which offers more potential upside but is not a forecast.
APT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for APT, with profitability holding steady.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over APT on the outlook, with more favorable profitability expectations.
APT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +164% |
| Q3 2026 | $0.50 | +47% |
| Q2 2026 | $0.40 | +21% |
| Q1 2026 | $0.34 | -5.6% |
| Q4 2025 | $0.33 | -5.7% |
| Q3 2025 | $0.34 | -5.6% |
| Q2 2025 | $0.33 | -18% |
| Q1 2025 | $0.36 | +2.9% |
| Q4 2024 | $0.35 | 0% |
APT's earnings per share have fallen from their peak: $0.50 over the past year, against $1.94 in late 2020.
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 APT on earnings, with more consistent year-over-year improvement.
APT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.6M | +12% |
| Q2 2026 | $18.7M | +12% |
| Q1 2026 | $14.6M | +5.5% |
| Q4 2025 | $13.9M | +0.3% |
| Q3 2025 | $14.8M | +3.7% |
| Q2 2025 | $16.7M | +2.4% |
| Q1 2025 | $13.8M | +2.5% |
| Q4 2024 | $13.8M | -9.5% |
APT's revenue is recovering but still below its 2020 peak: $17M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +4.4 points |
| Q2 2026 | 11% | +2.8 points |
| Q1 2026 | 4% | +0.7 points |
| Q4 2025 | 6.9% | +2 points |
| Q3 2025 | 7.4% | +2.3 points |
| Q2 2025 | 8% | -2.5 points |
| Q1 2025 | 3.3% | +0.9 points |
| Q4 2024 | 4.9% | -1.5 points |
APT 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 APT 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.
APT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7M | +84% |
| Q2 2026 | $2.1M | +6.2% |
| Q1 2026 | -$105K | +$4M |
| Q4 2025 | $51K | -95% |
| Q3 2025 | $3.8M | +20% |
| Q2 2025 | $2M | +$3M |
| Q1 2025 | -$4.1M | -$2.8M |
| Q4 2024 | $970K | -70% |
APT still generates free cash flow, though less than at its 2020 peak: $9M over the past year.
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 APT on cash flow, with more consistent year-over-year improvement.
APT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +24.1K shares |
| 1 year | -1.1% | -113K shares |
| 3 years | -12% | -1.4M shares |
| 5 years | -23% | -3M shares |
| Available history | -21% | -2.8M shares |
APT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $384,000 |
| Q2 2026 | $99,000 |
| Q1 2026 | — |
| Q4 2025 | $713,000 |
| Q3 2025 | $624,000 |
| Q2 2025 | $830,000 |
| Q1 2025 | $1.2M |
| Q4 2024 | $721,000 |
APT spent $1M buying back its own shares over the past year, down 64% 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 | — |
APT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.9x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -3.5x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -4.0x | Net Cash |
| Q2 2025 | -3.6x | Net Cash |
| Q1 2025 | -3.0x | Net Cash |
| Q4 2024 | -4.3x | Net Cash |
APT 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.
APT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 56.0 | Neutral |
APT's weekly RSI is 64 (neutral) and its Stochastic is 56 (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).
APT PE vs Industrials Sector
| Metric | APT | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 48% below |
| PE % | 23 | 58 | 35 pts below |
APT has the edge over BA on valuation relative to its sector.
BA PE vs Industrials Sector
| Metric | BA | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 0 | 58 | 58 pts below |
BA is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x, though its earnings don't support one.
APT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.53 | 13% above |
| 20 week MA | $5.34 | 17% above |
| 50 week MA | $5.12 | 22% above |
| 100 week MA | $4.99 | 25% above |
| 200 week MA | $4.95 | 26% above |
APT 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.
APT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.51 | $12.3 | +249% |
| 2021 | $12.3 | $5.84 | -52% |
| 2022 | $5.84 | $4.01 | -31% |
| 2023 | $4.01 | $5.29 | +32% |
| 2024 | $5.29 | $5.25 | -0.8% |
| 2025 | $5.25 | $4.50 | -14% |
| 2026 YTD | $4.50 | $6.25 | +39% |
APT 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.