AZZ
AZZ Inc.
AZZ has the edge over BA overall, supported by lower modeled downside.
BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AZZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
AZZ's revenue, profitability and balance sheet are currently healthy, and its cash flow 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.
AZZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $69.52 | -48% |
| Forward | 18x | $134 | — |
| Fair | 22x | $122 | -9.2% |
| Current | 24x | $134 | — |
| Expensive | 61x | $339 | +153% |
Historical ranges are pointers, not guarantees.
AZZ's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x 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 AZZ in the historical PE scenario, which offers more potential upside but is not a forecast.
AZZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AZZ, 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.
AZZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.42 | +34% |
| Q3 2026 | $5.55 | -48% |
| Q2 2026 | $6.56 | -26% |
| Q1 2026 | $10.50 | +487% |
| Q4 2025 | $10.84 | +618% |
| Q3 2025 | $10.60 | +709% |
| Q2 2025 | $8.83 | +703% |
| Q1 2025 | $1.79 | -48% |
| Q4 2022 | -$1.06 | -134% |
AZZ earned $5.55 per share over the past year, down 48% from the year before.
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.
AZZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $486.9M | +17% |
| Q2 2026 | $448.5M | +6.3% |
| Q1 2026 | $385.1M | +9.4% |
| Q4 2025 | $425.7M | +5.5% |
| Q3 2025 | $417.3M | +2% |
| Q2 2025 | $422M | +2.1% |
| Q1 2025 | $351.9M | -77% |
| Q4 2024 | $403.7M | +5.8% |
AZZ's revenue is recovering but still below its 2024 peak: $487M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +0.8 points |
| Q2 2026 | 17% | +0.7 points |
| Q1 2026 | 15% | +3.3 points |
| Q4 2025 | 16% | +1.8 points |
| Q3 2025 | 16% | -0.1 points |
| Q2 2025 | 16% | -0.4 points |
| Q1 2025 | 11% | -2.9 points |
| Q4 2024 | 15% | +0.7 points |
AZZ 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 AZZ 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.
AZZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.4M | +116% |
| Q2 2026 | $18.4M | -94% |
| Q1 2026 | $50.5M | +47% |
| Q4 2025 | $61.2M | +54% |
| Q3 2025 | $39.1M | +154% |
| Q2 2025 | $293.9M | +560% |
| Q1 2025 | $34.4M | -2.7% |
| Q4 2024 | $39.7M | +3.4% |
AZZ generated $214M in free cash flow over the past year, down 47% 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 AZZ on cash flow, with more consistent year-over-year improvement.
AZZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -36K shares |
| 1 year | -0.4% | -121K shares |
| 3 years | +3.1% | +913K shares |
| 5 years | +20% | +5M shares |
| Available history | +15% | +3.9M shares |
AZZ has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $1.9M |
| Q4 2021 | $7.6M |
| Q3 2021 | $15M |
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 | — |
AZZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 1.8x | Healthy |
AZZ 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.
AZZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 23.3 | Neutral |
AZZ's weekly RSI is 48 (neutral) and its Stochastic is 23 (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).
AZZ PE vs Industrials Sector
| Metric | AZZ | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 0.5% above |
| PE % | 58 | 58 | Same percentile |
AZZ is trading at 24x earnings, in line with 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 AZZ on valuation relative to its sector.
AZZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $133.7 | 0.4% above |
| 20 week MA | $140.0 | 4.1% below |
| 50 week MA | $134.3 | 0.1% below |
| 100 week MA | $115.4 | 16% above |
| 200 week MA | $88.0 | 53% above |
AZZ 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.
AZZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.3 | $47.4 | +2.6% |
| 2021 | $47.4 | $54.3 | +14% |
| 2022 | $54.3 | $38.9 | -28% |
| 2023 | $38.9 | $58.1 | +49% |
| 2024 | $58.1 | $82.1 | +41% |
| 2025 | $82.1 | $110.5 | +35% |
| 2026 YTD | $110.5 | $134.2 | +21% |
AZZ 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.