BA
The Boeing Company
BA offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
CASS
Cass Information Systems, Inc.
CASS has the edge over BA overall, supported by 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.
CASS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CASS's revenue, profitability and balance sheet are currently healthy, and its cash flow 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 CASS in the historical PE scenario, which offers more potential upside but is not a forecast.
CASS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $55.33 | — |
| Cheap | 17x | $48.78 | -12% |
| Current | 19x | $55.33 | — |
| Fair | 20x | $58.10 | +5% |
| Expensive | 25x | $71.98 | +30% |
Historical ranges are pointers, not guarantees.
CASS's PE is 19x, 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 |
Analysts expect BA to return to profit, with revenue growing. However, they disagree widely on these estimates.
CASS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CASS, 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.
CASS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +19% |
| Q3 2026 | $2.90 | +24% |
| Q2 2026 | $2.77 | +48% |
| Q1 2026 | $2.62 | +71% |
| Q4 2025 | $2.61 | +88% |
| Q3 2025 | $2.34 | +41% |
| Q2 2025 | $1.87 | -6% |
| Q1 2025 | $1.53 | -30% |
| Q4 2024 | $1.39 | -36% |
CASS 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 has the edge over CASS 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.
CASS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $52.5M | +5.3% |
| Q2 2026 | $50.5M | +14% |
| Q1 2026 | $49.2M | +3.9% |
| Q4 2025 | $49.5M | -1.9% |
| Q3 2025 | $49.9M | -1.1% |
| Q2 2025 | $44.4M | -9.3% |
| Q1 2025 | $47.3M | -4.9% |
| Q4 2024 | $50.5M | -0.1% |
CASS's revenue has picked up after two years of holding roughly level: $52M last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 26% | +12 points |
| Q1 2026 | 22% | -0.8 points |
| Q4 2025 | 20% | +8.8 points |
| Q3 2025 | 23% | +16 points |
| Q2 2025 | 14% | +2.3 points |
| Q1 2025 | 23% | +4.9 points |
| Q4 2024 | 11% | -9.1 points |
CASS 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 CASS on cash flow, with more consistent year-over-year improvement.
CASS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.7M | -76% |
| Q2 2026 | $13.8M | +$16.5M |
| Q1 2026 | $12.7M | -33% |
| Q4 2025 | $4.1M | -76% |
| Q3 2025 | $11.3M | +$13.6M |
| Q2 2025 | -$2.6M | -130% |
| Q1 2025 | $19M | +208% |
| Q4 2024 | $17.1M | +558% |
CASS generated $33M in free cash flow over the past year, down 26% 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 | — |
CASS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -27.5K shares |
| 1 year | -2.7% | -358K shares |
| 3 years | -5.4% | -751K shares |
| 5 years | -8.7% | -1.2M shares |
| Available history | -11% | -1.7M shares |
CASS has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $3.1M |
| Q1 2026 | $2.9M |
| Q4 2025 | $8.3M |
| Q3 2025 | $6.7M |
| Q2 2025 | $5.9M |
| Q1 2025 | $5.1M |
| Q4 2024 | $3.5M |
CASS spent $14M buying back its own shares over the past year, down 33% 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's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
CASS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
CASS 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).
CASS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 30.2 | Neutral |
CASS's weekly RSI is 60 (neutral) and its Stochastic is 30 (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 CASS on valuation relative to its sector.
CASS PE vs Industrials Sector
| Metric | CASS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 21% below |
| PE % | 40 | 58 | 18 pts below |
CASS is trading at 19x earnings, a 21% discount 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.
CASS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.2 | 2.1% above |
| 20 week MA | $54.8 | 0.9% above |
| 50 week MA | $49.2 | 12% above |
| 100 week MA | $45.4 | 22% above |
| 200 week MA | $43.9 | 26% above |
CASS 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.
CASS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.5 | $38.1 | -35% |
| 2021 | $38.1 | $40.3 | +5.7% |
| 2022 | $40.3 | $44.6 | +11% |
| 2023 | $44.6 | $45.1 | +0.9% |
| 2024 | $45.1 | $41.0 | -8.9% |
| 2025 | $41.0 | $42.3 | +3.1% |
| 2026 YTD | $42.3 | $55.3 | +31% |
CASS has the edge over BA on returns for 2026, with the stronger performance.