BA
The Boeing Company
BA has a slight edge over CAE overall, supported by stronger fundamentals and stronger modeled upside.
CAE
CAE Inc.
CAE has slightly lower modeled downside risk, despite its lower overall score.
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.
CAE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Stable |
CAE's cash flow is currently strong, and its revenue, profitability 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 CAE in the historical PE scenario, which offers more potential upside but is not a forecast.
CAE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 27x | $17.24 | -39% |
| Fair | 34x | $21.68 | -23% |
| Current | 45x | $28.15 | — |
| Expensive | 54x | $34.18 | +21% |
Historical ranges are pointers, not guarantees.
CAE's PE is 45x, but its earnings don't support one, so it isn't a reliable read right now.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over CAE on the outlook, with more favorable revenue expectations.
CAE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect CAE's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
CAE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.63 | -31% |
| Q1 2026 | $0.68 | -24% |
| Q4 2025 | $0.82 | +$1.33 |
| Q3 2025 | $0.96 | +$1.71 |
| Q2 2025 | $0.91 | +$1.66 |
| Q1 2025 | $0.89 | +$1.73 |
| Q4 2024 | -$0.51 | -206% |
| Q3 2024 | -$0.75 | -242% |
CAE earned $0.63 per share over the past year, down 31% from the year before.
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.
CAE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $824.9M | +6.8% |
| Q1 2026 | $935.1M | +4.3% |
| Q4 2025 | $880.3M | +2.3% |
| Q3 2025 | $869.4M | +8.8% |
| Q2 2025 | $772.4M | +2.4% |
| Q1 2025 | $896.7M | +13% |
| Q4 2024 | $860.1M | +12% |
| Q3 2024 | $799.1M | +8.2% |
CAE's revenue has grown year over year for 23 quarters in a row: $825M last quarter, up 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.2% | -6 points |
| Q1 2026 | 15% | -3.6 points |
| Q4 2025 | 16% | -5.8 points |
| Q3 2025 | 13% | +2.2 points |
| Q2 2025 | 12% | +2 points |
| Q1 2025 | 19% | +66 points |
| Q4 2024 | 21% | +10 points |
| Q3 2024 | 10% | +1.1 points |
CAE 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 CAE on cash flow, with more consistent year-over-year improvement.
CAE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $86.8M | +$188.4M |
| Q1 2026 | $113.8M | +9% |
| Q4 2025 | $242M | +11% |
| Q3 2025 | $70.8M | +25% |
| Q2 2025 | -$101.7M | -$52.9M |
| Q1 2025 | $104.4M | +54% |
| Q4 2024 | $217.7M | +205% |
| Q3 2024 | $56.7M | -5.9% |
CAE generated $513M in free cash flow over the past year, up 85% 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 | — |
CAE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4.1% | -13.2M shares |
| 1 year | -3.5% | -11.1M shares |
| 3 years | -2.8% | -8.8M shares |
| 5 years | +4.8% | +14.2M shares |
| Available history | +18% | +46.4M shares |
CAE has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $27.4M |
| Q1 2026 | $2.2M |
| Q4 2025 | $1.1M |
| Q3 2025 | $1.2M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $6.7M |
CAE spent $32M buying back its own shares over the past year, about five times what it spent the year before.
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.
CAE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 3.6x | Elevated |
| Q3 2024 | 3.9x | Elevated |
CAE 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).
CAE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.0 | Neutral |
| Stochastic | 61.2 | Neutral |
CAE's weekly RSI is 62 (neutral) and its Stochastic is 61 (neutral).
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 CAE on valuation relative to its sector.
CAE PE vs Industrials Sector
| Metric | CAE | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 24x | 87% above |
| PE % | 77 | 58 | 19 pts above |
CAE is trading at 45x earnings, a 87% premium to the Industrials sector's median of 24x, though its earnings don't support one.
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.
CAE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.3 | 11% above |
| 20 week MA | $25.2 | 12% above |
| 50 week MA | $27.0 | 4.2% above |
| 100 week MA | $26.6 | 5.9% above |
| 200 week MA | $23.7 | 19% above |
CAE 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.
CAE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.6 | $26.9 | +1.4% |
| 2021 | $26.9 | $25.3 | -5.9% |
| 2022 | $25.3 | $19.1 | -25% |
| 2023 | $19.1 | $21.6 | +13% |
| 2024 | $21.6 | $25.3 | +17% |
| 2025 | $25.3 | $31.4 | +24% |
| 2026 YTD | $31.4 | $28.2 | -10% |
CAE has the edge over BA on returns for 2026, with the stronger performance.