BA
The Boeing Company
BA has a slight edge over DE overall, supported by stronger valuation and stronger fundamentals.
DE
Deere & Company
DE has 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.
DE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
DE's profitability and balance sheet are currently healthy, and its revenue and cash flow are 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 DE in the historical PE scenario, which offers more potential upside but is not a forecast.
DE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $235 | -65% |
| Fair | 20x | $352 | -48% |
| Expensive | 31x | $554 | -18% |
| Forward | 31x | $679 | — |
| Current | 38x | $679 | — |
Historical ranges are pointers, not guarantees.
DE's PE is in its expensive range at 38x, but its recent earnings include one-off gains. If earnings grow as analysts expect, today's price would be 31x 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.
DE Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for DE, 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 DE on earnings, with more consistent year-over-year improvement.
DE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $22.21 | +23% |
| Q3 2026 | $17.99 | -6.1% |
| Q2 2026 | $17.64 | -15% |
| Q1 2026 | $17.73 | -21% |
| Q4 2025 | $18.50 | -28% |
| Q3 2025 | $19.15 | -35% |
| Q2 2025 | $20.69 | -38% |
| Q1 2025 | $22.58 | -34% |
| Q4 2024 | $25.62 | -26% |
DE's earnings per share have fallen from their peak: $17.99 over the past year, against $34.63 in late 2023. Its recent earnings include one-off gains.
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 DE 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.
DE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.6B | +4.9% |
| Q2 2026 | $13.4B | +4.7% |
| Q1 2026 | $9.6B | +13% |
| Q4 2025 | $12.4B | +11% |
| Q3 2025 | $12B | -8.6% |
| Q2 2025 | $12.8B | -16% |
| Q1 2025 | $8.5B | -30% |
| Q4 2024 | $11.1B | -28% |
DE's revenue has grown year over year for four quarters in a row: $12.6B last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1.6 points |
| Q2 2026 | 17% | -1.2 points |
| Q1 2026 | 8.7% | -1.8 points |
| Q4 2025 | 12% | -2.1 points |
| Q3 2025 | 13% | -4.6 points |
| Q2 2025 | 18% | -2.2 points |
| Q1 2025 | 11% | -7.7 points |
| Q4 2024 | 14% | -6 points |
DE 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 DE on cash flow, with more consistent year-over-year improvement.
DE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.9B | -25% |
| Q2 2026 | $1.7B | +16% |
| Q1 2026 | -$1.1B | +$338M |
| Q4 2025 | $3.5B | -22% |
| Q3 2025 | $2.6B | -9.5% |
| Q2 2025 | $1.5B | +0.1% |
| Q1 2025 | -$1.5B | -$214M |
| Q4 2024 | $4.5B | -12% |
DE generated $6B in free cash flow over the past year, down 15% 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 | — |
DE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -100K shares |
| 1 year | -0.3% | -700K shares |
| 3 years | -7.3% | -21.4M shares |
| 5 years | -14% | -42.7M shares |
| Available history | -16% | -49.9M shares |
DE has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $197M |
| Q2 2026 | $198M |
| Q1 2026 | $302M |
| Q4 2025 | $2M |
| Q3 2025 | $298M |
| Q2 2025 | $397M |
| Q1 2025 | $441M |
| Q4 2024 | $780M |
DE spent $699M buying back its own shares over the past year, down 64% 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.
DE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.3x | Healthy |
DE 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).
DE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.8 | Neutral |
| Stochastic | 67.7 | Neutral |
DE's weekly RSI is 59 (neutral) and its Stochastic is 68 (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 DE on valuation relative to its sector.
DE PE vs Industrials Sector
| Metric | DE | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 24x | 57% above |
| PE % | 99 | 58 | 41 pts above |
DE is trading at 38x earnings, a 57% premium to the Industrials sector's median of 24x, though its recent earnings include one-off gains.
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.
DE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $664.0 | 2.2% above |
| 20 week MA | $645.0 | 5.2% above |
| 50 week MA | $591.3 | 15% above |
| 100 week MA | $534.9 | 27% above |
| 200 week MA | $464.1 | 46% above |
DE 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.
DE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $175.8 | $269.2 | +53% |
| 2021 | $269.2 | $349.2 | +30% |
| 2022 | $349.2 | $436.9 | +25% |
| 2023 | $436.9 | $399.9 | -8.5% |
| 2024 | $399.9 | $430.1 | +7.5% |
| 2025 | $430.1 | $468.9 | +9% |
| 2026 YTD | $468.9 | $678.8 | +45% |
DE has the edge over BA on returns for 2026, with the stronger performance.