BA
The Boeing Company
BA's fundamentals are strong: its operating margin went from −10% to 10% and revenue grew 18%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
DFSC
DEFSEC Technologies Inc.
There isn't enough reported data to score DFSC yet.
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.
DFSC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
DFSC's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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.
DFSC PE Valuation
DFSC has no meaningful PE right now: it lost money over the past year.
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.
DFSC Forward outlook
There aren't enough analyst estimates for DFSC to show an outlook.
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 stronger earnings trend. Trailing diluted EPS is down 30% for BA versus DFSC down 102%.
DFSC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2024 | -$177.09 | -$14.69 |
| Q1 2024 | -$277.48 | -$234.67 |
| Q4 2023 | -$230.55 | -$230.55 |
| Q3 2023 | -$220.06 | -$220.06 |
| Q2 2023 | -$162.40 | -$162.40 |
DFSC is still losing money, but far less than before: $4.00 per share over the past year, against $277.48 at its worst in early 2024.
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 DFSC on profitability, with a higher operating margin.
DFSC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.9M | +92% |
| Q1 2026 | $1.5M | +68% |
| Q4 2025 | $919.4K | +47% |
| Q3 2025 | $965.5K | +145% |
| Q2 2025 | $996.6K | +330% |
| Q1 2025 | $888.8K | +160% |
| Q4 2024 | $624.1K | +588% |
| Q3 2024 | $393.6K | -7.5% |
DFSC has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -94% | +35 points |
| Q1 2026 | -90% | +47 points |
| Q4 2025 | -158% | +171 points |
| Q3 2025 | -196% | +190 points |
| Q2 2025 | -129% | +535 points |
| Q1 2025 | -137% | +469 points |
| Q4 2024 | -329% | +1615 points |
| Q3 2024 | -386% | +364 points |
DFSC's operating margin was −94% last quarter, up 34 points from the same quarter a year ago, near the top of its range since 2021.
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 DFSC on cash generation, producing positive trailing cash flow while its opponent burns cash.
DFSC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.1M | +$161.6K |
| Q1 2026 | -$1.3M | -$208.3K |
| Q4 2025 | -$2.2M | +$108.1K |
| Q3 2025 | -$980.5K | +$566.4K |
| Q2 2025 | -$1.3M | +$73K |
| Q1 2025 | -$1.1M | +$377.3K |
DFSC has burned cash in almost every quarter: −$6M over the past year, against −$6M 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 the edge over DFSC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
DFSC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +29.6K shares |
| 1 year | +224% | +1.4M shares |
| 3 years | +9846% | +2M shares |
DFSC has 2M diluted shares, up 224% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
DFSC hasn't bought back shares in the past year.
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.
DFSC Net Leverage
DFSC's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
DFSC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 1.4 | Oversold |
DFSC's weekly RSI is 34 (neutral) and its Stochastic is 1 (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.
DFSC PE vs Industrials Sector
DFSC has no meaningful PE right now: it lost money over the past year.
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 |
DFSC has stronger trend alignment. BA is above 0 of 5 weekly averages versus DFSC above 0 of 4.
DFSC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.78 | 41% below |
| 20 week MA | $1.34 | 66% below |
| 50 week MA | $2.12 | 78% below |
| 100 week MA | $4.50 | 90% below |
DFSC is in a downtrend: it's below all four of its weekly moving averages, and 90% below its 100-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 DFSC on returns for 2026, with the stronger performance.
DFSC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $145.8 | $14.5 | -90% |
| 2025 | $14.5 | $1.82 | -87% |
| 2026 YTD | $1.82 | $0.46 | -75% |
DFSC has finished every year since 2024 lower, and it's down 75% so far in 2026.