AVY
Avery Dennison Corporation
AVY has the edge over BA overall, supported by lower modeled downside and stronger valuation.
BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AVY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
AVY's profitability and cash flow are currently healthy, and its revenue 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.
AVY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $187 | — |
| Cheap | 19x | $174 | -6.8% |
| Current | 20x | $187 | — |
| Fair | 21x | $198 | +5.7% |
| Expensive | 29x | $272 | +45% |
Historical ranges are pointers, not guarantees.
AVY's PE is in its fair range at 20x. If earnings grow as analysts expect, today's price would be 17x 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 AVY in the historical PE scenario, which offers more potential upside but is not a forecast.
AVY Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect AVY's earnings to grow and its profitability to improve, with its revenue holding steady.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over AVY on the outlook, with more favorable revenue expectations.
AVY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.75 | +16% |
| Q3 2026 | $9.25 | +5.1% |
| Q2 2026 | $9.14 | +2.5% |
| Q1 2026 | $8.88 | +2.2% |
| Q4 2025 | $8.79 | +0.7% |
| Q3 2025 | $8.80 | +5.8% |
| Q2 2025 | $8.92 | +15% |
| Q1 2025 | $8.69 | +27% |
| Q4 2024 | $8.73 | +41% |
AVY 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.
AVY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +5.2% |
| Q2 2026 | $2.5B | +11% |
| Q1 2026 | $2.3B | +7% |
| Q4 2025 | $2.3B | +3.9% |
| Q3 2025 | $2.2B | +1.5% |
| Q2 2025 | $2.2B | -0.7% |
| Q1 2025 | $2.1B | -0.1% |
| Q4 2024 | $2.2B | +3.6% |
AVY's revenue has grown year over year for five quarters in a row: $2.3B last quarter, up 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -0.3 points |
| Q2 2026 | 11% | 0 points |
| Q1 2026 | 10% | -0.1 points |
| Q4 2025 | 9.2% | -1.9 points |
| Q3 2025 | 11% | -0.4 points |
| Q2 2025 | 12% | +0.8 points |
| Q1 2025 | 11% | -0.3 points |
| Q4 2024 | 11% | +1.5 points |
AVY 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 AVY on sales, with more consistent year-over-year improvement.
| 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.
AVY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $251.2M | -9.1% |
| Q2 2026 | $369M | +106% |
| Q1 2026 | $108.2M | +$160.5M |
| Q4 2025 | $309.7M | +9.9% |
| Q3 2025 | $276.2M | +22% |
| Q2 2025 | $178.8M | +19% |
| Q1 2025 | -$52.3M | -174% |
| Q4 2024 | $281.7M | +28% |
AVY generated $1B in free cash flow over the past year, up 52% 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 AVY on cash flow, with more consistent year-over-year improvement.
AVY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -500K shares |
| 1 year | -2.7% | -2.1M shares |
| 3 years | -6.3% | -5.1M shares |
| 5 years | -9.3% | -7.8M shares |
| Available history | -11% | -9.1M shares |
AVY has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $59M |
| Q2 2026 | $137.6M |
| Q1 2026 | $60.6M |
| Q4 2025 | $118.7M |
| Q3 2025 | $93.6M |
| Q2 2025 | $98.4M |
| Q1 2025 | $261.6M |
| Q4 2024 | $140M |
AVY spent $376M buying back its own shares over the past year, down 37% 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 | — |
AVY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.3x | Moderate |
AVY 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.
AVY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.9 | Neutral |
| Stochastic | 74.9 | Neutral |
AVY's weekly RSI is 64 (neutral) and its Stochastic is 75 (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).
AVY PE vs Industrials Sector
| Metric | AVY | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 38 | 58 | 20 pts below |
AVY is trading at 20x earnings, a 16% discount 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 AVY on valuation relative to its sector.
AVY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $177.6 | 5.2% above |
| 20 week MA | $173.5 | 7.8% above |
| 50 week MA | $174.2 | 7.3% above |
| 100 week MA | $175.1 | 6.8% above |
| 200 week MA | $185.9 | 0.5% above |
AVY 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.
AVY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $131.6 | $153.4 | +17% |
| 2021 | $153.4 | $208.5 | +36% |
| 2022 | $208.5 | $181.1 | -13% |
| 2023 | $181.1 | $202.2 | +12% |
| 2024 | $202.2 | $188.5 | -6.8% |
| 2025 | $188.5 | $182.5 | -3.2% |
| 2026 YTD | $182.5 | $187.0 | +2.4% |
AVY 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.