BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
BWXT
BWX Technologies, Inc.
BWXT has the edge over BA overall, supported by stronger modeled upside and lower modeled downside.
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.
BWXT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
BWXT's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
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 BWXT in the historical PE scenario, which offers more potential upside but is not a forecast.
BWXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $73.64 | -41% |
| Forward | 25x | $124 | — |
| Fair | 28x | $115 | -7.4% |
| Current | 30x | $124 | — |
| Expensive | 44x | $178 | +44% |
Historical ranges are pointers, not guarantees.
BWXT's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
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.
BWXT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BWXT, with profitability improving.
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.
BWXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.01 | +23% |
| Q3 2026 | $4.08 | +23% |
| Q2 2026 | $3.86 | +21% |
| Q1 2026 | $3.74 | +19% |
| Q4 2025 | $3.57 | +16% |
| Q3 2025 | $3.33 | +10% |
| Q2 2025 | $3.20 | +9.6% |
| Q1 2025 | $3.14 | +13% |
| Q4 2024 | $3.07 | +14% |
BWXT has the edge over BA on earnings, with more consistent year-over-year improvement.
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.
BWXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $953M | +10% |
| Q2 2026 | $901.6M | +18% |
| Q1 2026 | $860.2M | +26% |
| Q4 2025 | $885.8M | +19% |
| Q3 2025 | $866.3M | +29% |
| Q2 2025 | $764M | +12% |
| Q1 2025 | $682.3M | +13% |
| Q4 2024 | $746.3M | +2.9% |
BWXT's revenue has grown year over year for 20 quarters in a row: $953M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +0.8 points |
| Q2 2026 | 13% | -0.8 points |
| Q1 2026 | 12% | -1.8 points |
| Q4 2025 | 10% | -2 points |
| Q3 2025 | 13% | -1.3 points |
| Q2 2025 | 13% | -1.1 points |
| Q1 2025 | 14% | -1.2 points |
| Q4 2024 | 12% | -4.6 points |
BWXT has the edge over BA on profitability, with a higher operating margin.
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 BWXT on cash flow, with more consistent year-over-year improvement.
BWXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.5M | +59% |
| Q2 2026 | $115M | -9% |
| Q1 2026 | $50.1M | +190% |
| Q4 2025 | $56.8M | -75% |
| Q3 2025 | $94.9M | +$102.6M |
| Q2 2025 | $126.3M | +256% |
| Q1 2025 | $17.3M | +564% |
| Q4 2024 | $224.4M | +31% |
BWXT generated $372M in free cash flow over the past year, down 20% 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 | — |
BWXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -15.5K shares |
| 1 year | +0.2% | +204K shares |
| 3 years | +0.1% | +96.3K shares |
| 5 years | -2.6% | -2.5M shares |
| Available history | -4% | -3.8M shares |
BWXT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $30M |
| Q4 2024 | — |
BWXT hasn't bought back shares in the past year.
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.
BWXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.1x | Moderate |
BWXT has the edge over BA on leverage, with a lower net debt burden relative to earnings.
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).
BWXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.5 | Neutral |
| Stochastic | 14.0 | Oversold |
BWXT's weekly RSI is 32 (neutral) and its Stochastic is 14 (oversold).
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 BWXT on valuation relative to its sector.
BWXT PE vs Industrials Sector
| Metric | BWXT | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 26% above |
| PE % | 54 | 58 | 4 pts below |
BWXT is trading at 30x earnings, a 26% premium to the Industrials sector's median of 24x.
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.
BWXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $132.0 | 6% below |
| 20 week MA | $152.8 | 19% below |
| 50 week MA | $181.8 | 32% below |
| 100 week MA | $160.6 | 23% below |
| 200 week MA | $122.8 | 0.9% above |
BWXT has the edge over BA on trend strength, trading above more of its moving averages.
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 the edge over BWXT on returns for 2026, with the stronger performance.
BWXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.8 | $60.1 | -4.2% |
| 2021 | $60.1 | $47.9 | -20% |
| 2022 | $47.9 | $58.2 | +22% |
| 2023 | $58.2 | $76.7 | +32% |
| 2024 | $76.7 | $112.5 | +47% |
| 2025 | $112.5 | $175.9 | +56% |
| 2026 YTD | $175.9 | $124.0 | -30% |
BWXT has finished higher in four of the last six years. It's down 30% so far in 2026.