ASTE
Astec Industries, Inc.
ASTE's outlook is improving despite an expensive valuation.
BA
The Boeing Company
BA has the edge over ASTE overall, supported by stronger valuation and stronger fundamentals.
ASTE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
ASTE's revenue and cash flow are currently healthy, and its profitability and balance sheet 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.
ASTE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $38.64 | — |
| Cheap | 30x | $14.87 | -62% |
| Fair | 43x | $21.71 | -44% |
| Current | 77x | $38.64 | — |
| Expensive | 93x | $46.64 | +21% |
Historical ranges are pointers, not guarantees.
ASTE's PE is in its expensive range at 77x. If earnings grow as analysts expect, today's price would be 10x 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 ASTE in the historical PE scenario, which offers more potential upside but is not a forecast.
ASTE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ASTE, 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.
ASTE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.80 | +660% |
| Q3 2026 | $0.50 | -76% |
| Q2 2026 | $0.85 | -57% |
| Q1 2026 | $1.12 | +70% |
| Q4 2025 | $1.68 | +784% |
| Q3 2025 | $2.08 | +$2.16 |
| Q2 2025 | $1.99 | +$2.09 |
| Q1 2025 | $0.66 | -39% |
| Q4 2024 | $0.19 | -87% |
ASTE's earnings per share have fallen from their peak: $0.50 over the past year, against $2.08 in late 2025.
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.
ASTE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $352.4M | +0.7% |
| Q2 2026 | $408.1M | +24% |
| Q1 2026 | $396.3M | +20% |
| Q4 2025 | $400.6M | +12% |
| Q3 2025 | $350.1M | +20% |
| Q2 2025 | $330.3M | -4.4% |
| Q1 2025 | $329.4M | +6.5% |
| Q4 2024 | $359M | +6.5% |
ASTE's revenue has grown year over year for five quarters in a row: $352M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.9% | -1.3 points |
| Q2 2026 | 5% | -1.5 points |
| Q1 2026 | 2.3% | -3.9 points |
| Q4 2025 | 5.7% | -4 points |
| Q3 2025 | 0.3% | +2.8 points |
| Q2 2025 | 6.5% | +9.6 points |
| Q1 2025 | 6.2% | +4.2 points |
| Q4 2024 | 9.7% | +4.1 points |
ASTE's operating margin was −0.9% last quarter, down 1.3 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 ASTE 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 ASTE on profitability, with a higher operating margin.
ASTE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.7M | +$23M |
| Q2 2026 | $4.7M | -48% |
| Q1 2026 | $32.6M | +96% |
| Q4 2025 | $7.4M | -77% |
| Q3 2025 | -$12.3M | -162% |
| Q2 2025 | $9M | +173% |
| Q1 2025 | $16.6M | +$69.4M |
| Q4 2024 | $32.1M | -14% |
ASTE still generates free cash flow, though less than at its 2020 peak: $55M 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 ASTE on cash flow, with more consistent year-over-year improvement.
ASTE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -243K shares |
| 1 year | +0.7% | +158K shares |
| 3 years | +1.3% | +301K shares |
| 5 years | +0.6% | +135K shares |
| Available history | +1.6% | +374K shares |
ASTE has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q4 2022 | $4M |
| Q4 2019 | — |
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 | — |
ASTE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | 0.6x | Very low |
ASTE's net debt is about 3.0 years of its operating earnings (EBITDA), up from 2.6 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's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
ASTE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.8 | Neutral |
| Stochastic | 16.3 | Oversold |
ASTE's weekly RSI is 39 (neutral) and its Stochastic is 16 (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).
ASTE PE vs Industrials Sector
| Metric | ASTE | Sector median | Relative |
|---|---|---|---|
| PE | 77x | 24x | 222% above |
| PE % | 77 | 58 | 19 pts above |
ASTE is trading at 77x earnings, a 222% 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 ASTE on valuation relative to its sector.
ASTE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.0 | 1% below |
| 20 week MA | $44.5 | 13% below |
| 50 week MA | $49.6 | 22% below |
| 100 week MA | $44.6 | 13% below |
| 200 week MA | $41.7 | 7.3% below |
ASTE is in a downtrend: it's below all five of its weekly moving averages, and 7.3% below its 200-week average.
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.
ASTE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.1 | $58.6 | +39% |
| 2021 | $58.6 | $69.3 | +18% |
| 2022 | $69.3 | $41.0 | -41% |
| 2023 | $41.0 | $37.2 | -9.3% |
| 2024 | $37.2 | $33.2 | -11% |
| 2025 | $33.2 | $45.9 | +38% |
| 2026 YTD | $45.9 | $38.6 | -16% |
ASTE 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.