BA
The Boeing Company
BA has the edge over CARR overall, supported by stronger fundamentals.
CARR
Carrier Global Corporation
CARR 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.
CARR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Healthy | |
| Weak |
CARR's revenue and cash flow are currently healthy, but its profitability and balance sheet are weak.
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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
CARR PE Valuation
CARR has no meaningful PE right now: it lost money over the past year.
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.
CARR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CARR, with profitability improving. However, they disagree widely on these estimates.
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 the edge over CARR on earnings quality, reporting a profit while its opponent remains loss making.
CARR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.05 | — |
| Q3 2026 | -$2.21 | -149% |
| Q2 2026 | $1.45 | -67% |
| Q1 2026 | $1.53 | -76% |
| Q4 2025 | $1.72 | -72% |
| Q3 2025 | $4.47 | +17% |
| Q2 2025 | $4.46 | +19% |
| Q1 2025 | $6.33 | +343% |
| Q4 2024 | $6.15 | +289% |
CARR has swung to a loss: it lost $2.21 per share over the past year, after a profit 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 has the edge over CARR 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 has the edge over CARR on profitability, with a higher operating margin.
CARR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +12% |
| Q2 2026 | $6.4B | +3.9% |
| Q1 2026 | $5.3B | +2.4% |
| Q4 2025 | $4.8B | -6% |
| Q3 2025 | $5.6B | -6.8% |
| Q2 2025 | $6.1B | -8.6% |
| Q1 2025 | $5.2B | -16% |
| Q4 2024 | $5.1B | +0.9% |
CARR's revenue grew through 2023 and has held roughly level since: $6.3B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -36% | -46 points |
| Q2 2026 | 13% | -1.8 points |
| Q1 2026 | 4.8% | -7.2 points |
| Q4 2025 | 2.1% | -13 points |
| Q3 2025 | 9.7% | -3.1 points |
| Q2 2025 | 15% | -40 points |
| Q1 2025 | 12% | +4 points |
| Q4 2024 | 15% | +3.1 points |
CARR's operating margin was −36% last quarter, down 46 points from the same quarter a year ago, near the bottom of its range since 2019.
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 CARR on cash flow, with more consistent year-over-year improvement.
CARR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $674M | +201% |
| Q2 2026 | $810M | +43% |
| Q1 2026 | -$15M | -104% |
| Q4 2025 | $909M | +$994M |
| Q3 2025 | $224M | +$580M |
| Q2 2025 | $568M | +3.5% |
| Q1 2025 | $420M | +$484M |
| Q4 2024 | -$85M | -110% |
CARR generated $2.4B in free cash flow over the past year, up 111% 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 | — |
CARR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -14.7M shares |
| 1 year | -4.3% | -36.8M shares |
| 3 years | -3.8% | -32.9M shares |
| 5 years | -7.9% | -70.2M shares |
| Available history | -5.1% | -44.4M shares |
CARR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $399M |
| Q2 2026 | $439M |
| Q1 2026 | $306M |
| Q4 2025 | $479M |
| Q3 2025 | $785M |
| Q2 2025 | $340M |
| Q1 2025 | $1.3B |
| Q4 2024 | $1.5B |
CARR spent $1.6B buying back its own shares over the past year, down 59% from 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 has the edge over CARR on leverage, with a lower net debt burden relative to earnings.
CARR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 52.2x | High |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.2x | Healthy |
CARR's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
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).
CARR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.6 | Neutral |
| Stochastic | 7.0 | Oversold |
CARR's weekly RSI is 41 (neutral) and its Stochastic is 7 (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 CARR on valuation relative to its sector.
CARR PE vs Industrials Sector
| Metric | CARR | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 61% above |
| PE % | 87 | 56 | 31 pts above |
CARR has no meaningful PE right now: it lost money over the past year.
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.
CARR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.8 | 0.8% below |
| 20 week MA | $59.7 | 9% below |
| 50 week MA | $60.5 | 10% below |
| 100 week MA | $63.1 | 14% below |
| 200 week MA | $60.3 | 9.9% below |
CARR is in a downtrend: it's below all five of its weekly moving averages, and 9.9% below its 200-week average.
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.
CARR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.8 | $37.9 | +197% |
| 2021 | $37.9 | $52.8 | +39% |
| 2022 | $52.8 | $41.8 | -21% |
| 2023 | $41.8 | $57.5 | +37% |
| 2024 | $57.5 | $68.9 | +20% |
| 2025 | $68.9 | $53.6 | -22% |
| 2026 YTD | $53.6 | $54.4 | +1.5% |
CARR has the edge over BA on returns for 2026, with the stronger performance.