BA
The Boeing Company
BA has the edge over ENR overall, supported by stronger fundamentals and lower modeled downside.
ENR
Energizer Holdings, Inc.
ENR offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
ENR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
ENR's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
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 ENR in the historical PE scenario, which offers more potential upside but is not a forecast.
ENR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.2x | $24.17 | — |
| Cheap | 7.9x | $9.35 | -61% |
| Fair | 20x | $23.35 | -3.4% |
| Current | 20x | $24.17 | — |
| Expensive | 112x | $132 | +448% |
Historical ranges are pointers, not guarantees.
ENR's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over ENR on the outlook, with more favorable revenue expectations.
ENR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect ENR's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
ENR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.34 | +183% |
| Q2 2026 | $1.18 | -66% |
| Q1 2026 | $2.73 | +274% |
| Q4 2025 | $2.97 | +276% |
| Q3 2025 | $3.32 | +538% |
| Q2 2025 | $3.47 | +2379% |
| Q1 2025 | $0.73 | -39% |
| Q4 2024 | $0.79 | -39% |
| Q3 2024 | $0.52 | -73% |
ENR's earnings per share have fallen from their peak: $1.18 over the past year, against $3.47 in mid-2025. 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 ENR 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.
ENR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $734.1M | +1.2% |
| Q1 2026 | $643.3M | -3% |
| Q4 2025 | $778.9M | +6.5% |
| Q3 2025 | $832.8M | +3.4% |
| Q2 2025 | $725.3M | +3.4% |
| Q1 2025 | $662.9M | -0.1% |
| Q4 2024 | $731.7M | +2.1% |
| Q3 2024 | $805.7M | -0.7% |
ENR's revenue grew through 2020 and has held roughly level since: $734M last quarter, up 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.8% | -16 points |
| Q1 2026 | 3.4% | -2.1 points |
| Q4 2025 | -0.6% | -4.7 points |
| Q3 2025 | 6.4% | -1 points |
| Q2 2025 | 23% | +31 points |
| Q1 2025 | 5.5% | -0.9 points |
| Q4 2024 | 4.1% | +2.8 points |
| Q3 2024 | 7.4% | +4.6 points |
ENR 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 ENR on cash flow, with more consistent year-over-year improvement.
ENR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$900K | -111% |
| Q1 2026 | -$19.4M | +$14.4M |
| Q4 2025 | $124.2M | +193% |
| Q3 2025 | $46.7M | -67% |
| Q2 2025 | $7.9M | -71% |
| Q1 2025 | -$33.8M | -428% |
| Q4 2024 | $42.4M | -72% |
| Q3 2024 | $141.5M | +83% |
ENR usually generates cash, though not every quarter: the latest was −$900,000, but it generated $151M over the past year.
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 | — |
ENR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +100K shares |
| 1 year | -4% | -2.9M shares |
| 3 years | -4.6% | -3.3M shares |
| 5 years | +0.9% | +600K shares |
| Available history | +2.8% | +1.9M shares |
ENR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $900,000 |
| Q4 2025 | $4.5M |
| Q3 2025 | $27.1M |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
ENR spent $33M buying back its own shares over 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 ENR on leverage, with a lower net debt burden relative to earnings.
ENR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 12.8x | High |
| Q1 2026 | 8.7x | High |
| Q4 2025 | 8.3x | High |
| Q3 2025 | 7.7x | High |
| Q2 2025 | 7.4x | High |
| Q1 2025 | 15.7x | High |
| Q4 2024 | 14.9x | High |
| Q3 2024 | 17.1x | High |
ENR's net debt is about 13 years of its operating earnings (EBITDA), up from 7.3 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).
ENR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 78.0 | Neutral |
ENR's weekly RSI is 62 (neutral) and its Stochastic is 78 (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 ENR on valuation relative to its sector.
ENR PE vs Industrials Sector
| Metric | ENR | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 15% below |
| PE % | 50 | 58 | 8 pts below |
ENR is trading at 20x earnings, a 15% discount to the Industrials sector's median of 24x, though its earnings don't support one.
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.
ENR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.6 | 6.9% above |
| 20 week MA | $21.9 | 10% above |
| 50 week MA | $20.6 | 17% above |
| 100 week MA | $23.8 | 1.8% above |
| 200 week MA | $28.0 | 14% below |
ENR 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.
ENR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.9 | $43.6 | -14% |
| 2021 | $43.6 | $38.5 | -12% |
| 2022 | $38.5 | $33.6 | -13% |
| 2023 | $33.6 | $31.7 | -5.7% |
| 2024 | $31.7 | $35.4 | +12% |
| 2025 | $35.4 | $20.3 | -43% |
| 2026 YTD | $20.3 | $24.2 | +19% |
ENR has the edge over BA on returns for 2026, with the stronger performance.