BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CODA
Coda Octopus Group, Inc.
CODA has the edge over BA overall, supported by stronger modeled upside and 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.
CODA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Unavailable | |
| Strong |
CODA's profitability and balance sheet are currently strong, and its revenue is stable. There isn't enough data to rate its cash flow.
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 CODA in the historical PE scenario, which offers more potential upside but is not a forecast.
CODA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $7.02 | -19% |
| Forward | 16x | $8.65 | — |
| Current | 19x | $8.65 | — |
| Fair | 20x | $9.22 | +6.5% |
| Expensive | 29x | $13.13 | +52% |
Historical ranges are pointers, not guarantees.
CODA's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x 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.
CODA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CODA, 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.
CODA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.54 | +19% |
| Q3 2026 | $0.45 | +55% |
| Q2 2026 | $0.44 | +52% |
| Q1 2026 | $0.37 | +8.8% |
| Q4 2025 | $0.37 | +16% |
| Q3 2025 | $0.29 | +3.6% |
| Q2 2025 | $0.29 | +12% |
| Q1 2025 | $0.34 | +55% |
| Q4 2024 | $0.32 | +14% |
CODA 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 stronger quarterly revenue trend. Revenue is up 3.9% for BA versus down 1.6% for CODA.
| 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.
CODA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $6.9M | -1.6% |
| Q1 2026 | $6.7M | +29% |
| Q4 2025 | $7.3M | +44% |
| Q3 2025 | $7.1M | +29% |
| Q2 2025 | $7M | +32% |
| Q1 2025 | $5.2M | +17% |
| Q4 2024 | $5.1M | +42% |
| Q3 2024 | $5.5M | +12% |
CODA's revenue is growing: $7M last quarter, down 1.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +11 points |
| Q1 2026 | 15% | +2.3 points |
| Q4 2025 | 19% | +14 points |
| Q3 2025 | 20% | -5.9 points |
| Q2 2025 | 16% | -9.9 points |
| Q1 2025 | 13% | +0.3 points |
| Q4 2024 | 5.7% | +15 points |
| Q3 2024 | 25% | +7.8 points |
CODA's operating margin was 26% last quarter, up 10 points from the same quarter a year ago, near the top 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 CODA on cash flow, with more consistent year-over-year improvement.
CODA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -23% |
| Q2 2026 | $449.1K | -68% |
| Q1 2026 | $1.4M | +172% |
| Q4 2025 | $2.5M | +30% |
| Q3 2025 | $1.6M | +3.1% |
| Q2 2025 | $1.4M | +$2.5M |
| Q1 2025 | $513.4K | +$947K |
| Q4 2024 | $1.9M | +$2.5M |
CODA generated $6M in free cash flow over the past year, up 2.8% 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 | — |
CODA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +13.1K shares |
| 1 year | 0% | -5.6K shares |
| 3 years | +0.1% | +14.8K shares |
| 5 years | -0.4% | -43.7K shares |
| Available history | +5.8% | +619K shares |
CODA has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
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.
CODA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.8x | Net Cash |
| Q2 2026 | -4.8x | Net Cash |
| Q1 2026 | -5.3x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -6.2x | Net Cash |
| Q2 2025 | -5.8x | Net Cash |
| Q1 2025 | -5.1x | Net Cash |
| Q4 2024 | -5.2x | Net Cash |
CODA 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).
CODA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 11.4 | Oversold |
CODA's weekly RSI is 37 (neutral) and its Stochastic is 11 (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 CODA on valuation relative to its sector.
CODA PE vs Industrials Sector
| Metric | CODA | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 20% below |
| PE % | 42 | 58 | 16 pts below |
CODA is trading at 19x earnings, a 20% discount to the Industrials sector's median of 24x.
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.
CODA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.66 | 10% below |
| 20 week MA | $9.96 | 13% below |
| 50 week MA | $10.9 | 20% below |
| 100 week MA | $9.32 | 7.2% below |
| 200 week MA | $8.26 | 4.7% above |
CODA 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.
CODA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.68 | $5.97 | -31% |
| 2021 | $5.97 | $7.96 | +33% |
| 2022 | $7.96 | $7.09 | -11% |
| 2023 | $7.09 | $6.02 | -15% |
| 2024 | $6.02 | $8.01 | +33% |
| 2025 | $8.01 | $9.36 | +17% |
| 2026 YTD | $9.36 | $8.65 | -7.6% |
CODA has the edge over BA on returns for 2026, with the stronger performance.