BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
CDNL
Cardinal Infrastructure Group Inc. Class A Common Stock
CDNL has the edge over BA overall, supported by stronger modeled upside.
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.
CDNL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Strong |
CDNL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
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.
CDNL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 2.4x | $5.64 | — |
| Current | 4.6x | $5.64 | — |
| Cheap | 17x | $20.70 | +267% |
| Fair | 33x | $41.09 | +629% |
| Expensive | 46x | $57.51 | +920% |
Historical ranges are pointers, not guarantees.
CDNL's PE is 4.5x, 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 CDNL on the outlook, with more favorable profitability expectations.
CDNL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for CDNL, with profitability 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.
CDNL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.33 | +88% |
| Q3 2026 | $1.24 | +727% |
| Q2 2026 | $1.19 | +70% |
| Q1 2026 | $1.47 | +123% |
| Q4 2025 | $1.65 | +120% |
CDNL's earnings per share have climbed steadily: $1.24 over the past year, about eight times what it earned the year before, and higher year over year every quarter since late 2025.
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 has the edge over CDNL on profitability, with a higher operating margin.
CDNL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9M | +65% |
| Q2 2026 | $226.9M | +114% |
| Q1 2026 | $167.5M | +105% |
| Q4 2025 | $145.8M | +72% |
| Q3 2025 | $122.3M | +60% |
| Q2 2025 | $106.1M | +38% |
| Q1 2025 | $81.8M | +6.3% |
CDNL has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | -14 points |
| Q2 2026 | 6.8% | -4.3 points |
| Q1 2026 | 8.8% | -0.7 points |
| Q4 2025 | 6% | -3.6 points |
| Q3 2025 | 9.7% | +0.8 points |
| Q2 2025 | 11% | -2.5 points |
| Q1 2025 | 9.5% | -4.1 points |
| Q4 2024 | 9.6% | N/A |
CDNL's operating margin was −4.3% last quarter, down 14 points from the same quarter a year ago, near the bottom of its range since 2024.
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 CDNL on cash generation, producing positive trailing cash flow while its opponent burns cash.
CDNL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $738.6K | -19% |
| Q2 2026 | -$12M | -$4M |
| Q1 2026 | -$961 | -100% |
| Q4 2025 | -$524.2K | -108% |
| Q3 2025 | $909.1K | -95% |
CDNL's free cash flow has turned negative after years in the green: −$12M over the past year.
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 the edge over CDNL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
CDNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -52% | -22.5M shares |
| 1 year | +56% | +7.4M shares |
CDNL has 21M diluted shares, up 56% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
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.
CDNL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.8x | Very low |
CDNL 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).
CDNL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.5 | Oversold |
| Stochastic | 2.9 | Oversold |
CDNL's weekly RSI is 27 (oversold) and its Stochastic is 3 (oversold).
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.
CDNL PE vs Industrials Sector
| Metric | CDNL | Sector median | Relative |
|---|---|---|---|
| PE | 4.6x | 24x | 81% below |
| PE % | 0 | 2 | 2 pts below |
CDNL 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 |
CDNL has stronger trend alignment. BA is above 0 of 5 weekly averages versus CDNL above 0 of 2.
CDNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 69% below |
| 20 week MA | $38.5 | 85% below |
CDNL is in a downtrend: it's below all two of its weekly moving averages, and 85% below its 20-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 the edge over CDNL on returns for 2026, with the stronger performance.
CDNL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $29.7 | $23.6 | -20% |
| 2026 YTD | $23.6 | $5.64 | -76% |
CDNL has finished every year since 2025 lower, and it's down 76% so far in 2026.