BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
CSX
CSX Corporation
CSX has the edge over BA overall, supported by stronger modeled upside and 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.
CSX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Stable |
CSX's revenue, profitability and cash flow are currently healthy, and its balance sheet 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 CSX in the historical PE scenario, which offers more potential upside but is not a forecast.
CSX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $31.56 | -40% |
| Fair | 19x | $36.91 | -30% |
| Forward | 23x | $52.40 | — |
| Expensive | 25x | $49.12 | -6.3% |
| Current | 27x | $52.40 | — |
Historical ranges are pointers, not guarantees.
CSX's PE is in its expensive range at 27x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
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.
CSX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CSX, 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 the edge over CSX on earnings, with more consistent year-over-year improvement.
CSX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.29 | +19% |
| Q3 2026 | $1.93 | +25% |
| Q2 2026 | $1.73 | +6.1% |
| Q1 2026 | $1.63 | -3% |
| Q4 2025 | $1.54 | -14% |
| Q3 2025 | $1.54 | -18% |
| Q2 2025 | $1.63 | -11% |
| Q1 2025 | $1.68 | -8.2% |
| Q4 2024 | $1.80 | -2.7% |
CSX earned $1.93 per share over the past year, up 25% 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 has the edge over CSX 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.
CSX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4B | +12% |
| Q2 2026 | $3.9B | +10% |
| Q1 2026 | $3.5B | +1.7% |
| Q4 2025 | $3.5B | -0.9% |
| Q3 2025 | $3.6B | -0.9% |
| Q2 2025 | $3.6B | -3.4% |
| Q1 2025 | $3.4B | -7% |
| Q4 2024 | $3.5B | -3.8% |
CSX's revenue has picked up after three years of holding roughly level: $4B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +8.8 points |
| Q2 2026 | 38% | +2.4 points |
| Q1 2026 | 36% | +5.6 points |
| Q4 2025 | 32% | +0.4 points |
| Q3 2025 | 30% | -7.1 points |
| Q2 2025 | 36% | -3.2 points |
| Q1 2025 | 30% | -6.4 points |
| Q4 2024 | 31% | -4.6 points |
CSX 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 CSX on cash flow, with more consistent year-over-year improvement.
CSX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1B | +69% |
| Q2 2026 | $751M | +$892M |
| Q1 2026 | $729M | +36% |
| Q4 2025 | $709M | +29% |
| Q3 2025 | $607M | -43% |
| Q2 2025 | -$141M | -125% |
| Q1 2025 | $536M | -4.3% |
| Q4 2024 | $550M | -32% |
CSX generated $3.2B in free cash flow over the past year, up 107% 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 | — |
CSX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -6M shares |
| 1 year | -0.7% | -14M shares |
| 3 years | -7.3% | -146M shares |
| 5 years | -17% | -389M shares |
| Available history | -23% | -541M shares |
CSX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $543M |
| Q2 2026 | $296M |
| Q1 2026 | $222M |
| Q4 2025 | $112M |
| Q3 2025 | $112M |
| Q2 2025 | $421M |
| Q1 2025 | $751M |
| Q4 2024 | $1B |
CSX spent $1.2B buying back its own shares over the past year, down 49% 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.
CSX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.5x | Moderate |
CSX 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).
CSX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.0 | Neutral |
| Stochastic | 73.1 | Neutral |
CSX's weekly RSI is 62 (neutral) and its Stochastic is 73 (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 CSX on valuation relative to its sector.
CSX PE vs Industrials Sector
| Metric | CSX | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 13% above |
| PE % | 89 | 58 | 31 pts above |
CSX is trading at 27x earnings, a 13% premium 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.
CSX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.3 | 6.3% above |
| 20 week MA | $49.8 | 5.2% above |
| 50 week MA | $44.7 | 17% above |
| 100 week MA | $38.7 | 36% above |
| 200 week MA | $35.9 | 46% above |
CSX 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.
CSX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.3 | $30.0 | +24% |
| 2021 | $30.0 | $36.8 | +23% |
| 2022 | $36.8 | $31.3 | -15% |
| 2023 | $31.3 | $34.7 | +11% |
| 2024 | $34.7 | $32.5 | -6.4% |
| 2025 | $32.5 | $36.6 | +13% |
| 2026 YTD | $36.6 | $52.4 | +43% |
CSX has the edge over BA on returns for 2026, with the stronger performance.