BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
ELVA
Electrovaya Inc.
ELVA has the edge over BA overall, supported by stronger valuation and 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.
ELVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Under pressure |
ELVA's revenue and profitability are currently healthy, but its cash flow and balance sheet are 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 has the edge over ELVA in the historical PE scenario, which offers more potential upside but is not a forecast.
ELVA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $4.75 | — |
| Current | 49x | $4.75 | — |
| Cheap | 58x | $5.81 | +22% |
| Fair | 88x | $8.77 | +85% |
| Expensive | 196x | $19.62 | +313% |
Historical ranges are pointers, not guarantees.
ELVA's PE is in its cheap range at 49x. If earnings grow as analysts expect, today's price would be 25x 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.
ELVA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ELVA, 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.
ELVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.19 | +93% |
| Q2 2026 | $0.10 | +233% |
| Q1 2026 | $0.11 | +$0.11 |
| Q4 2025 | $0.11 | +$0.16 |
| Q3 2025 | $0.08 | +$0.12 |
| Q2 2025 | $0.03 | 0% |
| Q1 2025 | -$0.00 | -100% |
| Q4 2024 | -$0.05 | -267% |
| Q3 2024 | -$0.04 | +$0.04 |
ELVA 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'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's operating margin was 1.5% last quarter, up 22 points from the same quarter a year ago.
ELVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $17.3M | +0.8% |
| Q1 2026 | $17.8M | +19% |
| Q4 2025 | $15.6M | +39% |
| Q3 2025 | $20.3M | +75% |
| Q2 2025 | $17.1M | +67% |
| Q1 2025 | $15M | +40% |
| Q4 2024 | $11.2M | -7.6% |
| Q3 2024 | $11.6M | -33% |
ELVA's revenue has grown year over year for six quarters in a row: $17M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.6% | -2.8 points |
| Q1 2026 | 8.5% | -0.8 points |
| Q4 2025 | 8.8% | +11 points |
| Q3 2025 | 12% | +5.6 points |
| Q2 2025 | 11% | +17 points |
| Q1 2025 | 9.3% | +2.7 points |
| Q4 2024 | -1.7% | -0.9 points |
| Q3 2024 | 6.1% | -20 points |
ELVA 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 ELVA on cash generation, producing positive trailing cash flow while its opponent burns cash.
ELVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$14.2M | -$10.2M |
| Q1 2026 | -$22.1M | -$16.8M |
| Q4 2025 | -$14.2M | -$13.9M |
| Q3 2025 | $6.4M | +2053% |
| Q2 2025 | -$4.1M | -$3.9M |
| Q1 2025 | -$5.4M | -$4.1M |
| Q4 2024 | -$287K | -167% |
| Q3 2024 | $298K | -91% |
ELVA has burned cash in most quarters: −$44M over the past year, against −$9M 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 ELVA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ELVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +838K shares |
| 1 year | +16% | +7.1M shares |
| 3 years | +59% | +19.5M shares |
| 5 years | +84% | +24M shares |
| Available history | +141% | +30.7M shares |
ELVA has 52M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ELVA 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 has the edge over ELVA on leverage, with a lower net debt burden relative to earnings.
ELVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.2x | Elevated |
| Q3 2024 | 6.4x | High |
ELVA's net debt is about 3.9 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
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).
ELVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 7.2 | Oversold |
ELVA's weekly RSI is 34 (neutral) and its Stochastic is 7 (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 ELVA on valuation relative to its sector.
ELVA PE vs Industrials Sector
| Metric | ELVA | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 24x | 105% above |
| PE % | 6 | 58 | 52 pts below |
ELVA is trading at 49x earnings, a 105% 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.
ELVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.49 | 13% below |
| 20 week MA | $6.96 | 32% below |
| 50 week MA | $8.09 | 41% below |
| 100 week MA | $5.96 | 20% below |
| 200 week MA | $4.60 | 3.3% above |
ELVA 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 the edge over ELVA on returns for 2026, with the stronger performance.
ELVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.65 | $6.30 | +869% |
| 2021 | $6.30 | $3.75 | -40% |
| 2022 | $3.75 | $4.00 | +6.7% |
| 2023 | $4.00 | $3.06 | -24% |
| 2024 | $3.06 | $2.45 | -20% |
| 2025 | $2.45 | $7.98 | +226% |
| 2026 YTD | $7.98 | $4.75 | -40% |
ELVA's yearly returns have swung widely, from +869% in 2020 to −40% in 2021. It's down 40% so far in 2026.