BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
CAAP
Corporación América Airports S.A.
CAAP has the edge over BA overall, supported by stronger valuation.
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.
CAAP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
CAAP's profitability, cash flow and balance sheet are currently strong, and its revenue is 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 CAAP in the historical PE scenario, which offers more potential upside but is not a forecast.
CAAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.6x | $25.09 | — |
| Cheap | 11x | $17.91 | -29% |
| Fair | 15x | $26.07 | +3.9% |
| Current | 15x | $25.09 | — |
| Expensive | 42x | $71.32 | +184% |
Historical ranges are pointers, not guarantees.
CAAP's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings, in its cheap range.
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.
CAAP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CAAP, 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.
CAAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.61 | +54% |
| Q2 2026 | $1.70 | +62% |
| Q1 2026 | $1.76 | +66% |
| Q4 2025 | $1.54 | -13% |
| Q3 2025 | $1.30 | -40% |
| Q2 2025 | $1.05 | -52% |
| Q1 2025 | $1.06 | -54% |
| Q4 2024 | $1.76 | +18% |
| Q3 2024 | $2.16 | +196% |
CAAP's earnings per share have fallen from their peak: $1.70 over the past year, against $2.29 in early 2024.
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 CAAP 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.
CAAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $377.4M | -21% |
| Q1 2026 | $537.6M | +20% |
| Q4 2025 | $562.6M | +5.7% |
| Q3 2025 | $527.3M | +14% |
| Q2 2025 | $476.8M | +15% |
| Q1 2025 | $447.8M | +3.4% |
| Q4 2024 | $532.2M | +321% |
| Q3 2024 | $461.8M | -1.5% |
CAAP's revenue is growing: $377M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 12% | -13 points |
| Q1 2026 | 26% | +2.4 points |
| Q4 2025 | 24% | +2.1 points |
| Q3 2025 | 28% | +6.3 points |
| Q2 2025 | 25% | +2.5 points |
| Q1 2025 | 24% | -5.2 points |
| Q4 2024 | 22% | -134 points |
| Q3 2024 | 22% | +20 points |
CAAP 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 CAAP on cash flow, with more consistent year-over-year improvement.
CAAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $98.4M | -12% |
| Q1 2026 | $99M | +27% |
| Q4 2025 | $124M | +312% |
| Q3 2025 | $133.8M | +24% |
| Q2 2025 | $111.3M | +21% |
| Q1 2025 | $78M | -52% |
| Q4 2024 | $30.1M | -8.1% |
| Q3 2024 | $107.9M | -27% |
CAAP generated $455M in free cash flow over the past year, up 39% 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 | — |
CAAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.5% | +857K shares |
| 3 years | +1.9% | +3M shares |
| 5 years | +2.1% | +3.3M shares |
| Available history | +2.5% | +3.9M shares |
CAAP has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CAAP 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.
CAAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | 1.0x | Healthy |
CAAP 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).
CAAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 53.7 | Neutral |
CAAP's weekly RSI is 52 (neutral) and its Stochastic is 54 (neutral).
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.
CAAP PE vs Industrials Sector
| Metric | CAAP | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 39% below |
| PE % | 48 | 58 | 10 pts below |
CAAP has the edge over BA on valuation relative to its sector.
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.
CAAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.4 | 2.7% above |
| 20 week MA | $24.5 | 2.2% above |
| 50 week MA | $25.6 | 1.9% below |
| 100 week MA | $22.7 | 11% above |
| 200 week MA | $18.6 | 35% above |
CAAP 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 finished lower in four of the last six years. It's down 21% so far in 2026.
CAAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.68 | $3.84 | -32% |
| 2021 | $3.84 | $5.64 | +47% |
| 2022 | $5.64 | $8.22 | +46% |
| 2023 | $8.22 | $16.1 | +95% |
| 2024 | $16.1 | $18.9 | +18% |
| 2025 | $18.9 | $26.2 | +38% |
| 2026 YTD | $26.2 | $25.1 | -4.1% |
CAAP has the edge over BA on returns for 2026, with the stronger performance.