BA
The Boeing Company
BA has the edge over ENVX overall, supported by lower modeled downside and stronger fundamentals.
ENVX
Enovix Corporation
ENVX 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.
ENVX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ENVX'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.
ENVX PE Valuation
ENVX 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.
ENVX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ENVX's revenue to grow, with its earnings and profitability holding steady. 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 ENVX on earnings quality, reporting a profit while its opponent remains loss making.
ENVX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.79 | +$0.06 |
| Q1 2026 | -$0.81 | +$0.49 |
| Q4 2025 | -$0.75 | +$0.71 |
| Q3 2025 | -$0.82 | +$0.64 |
| Q2 2025 | -$0.85 | +$0.60 |
| Q1 2025 | -$1.30 | -$0.11 |
| Q4 2024 | -$1.46 | -$0.08 |
ENVX is still losing money, but less than at its worst: $0.79 per share over the past year, against $1.50 at its worst in late 2022.
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 ENVX on profitability, with a higher operating margin.
ENVX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9M | +21% |
| Q1 2026 | $7.6M | +49% |
| Q4 2025 | $11.3M | +16% |
| Q3 2025 | $8M | +85% |
| Q2 2025 | $7.5M | +98% |
| Q1 2025 | $5.1M | -3.3% |
| Q4 2024 | $9.7M | +32% |
| Q3 2024 | $4.3M | +2059% |
ENVX has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -480% | +106 points |
| Q1 2026 | -578% | +257 points |
| Q4 2025 | -390% | -35 points |
| Q3 2025 | -588% | +553 points |
| Q2 2025 | -586% | +1770 points |
| Q1 2025 | -835% | +496 points |
| Q4 2024 | -355% | +522 points |
| Q3 2024 | -1141% | +24050 points |
ENVX's operating margin was −480% last quarter, up 106 points from the same quarter a year ago.
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 ENVX on cash generation, producing positive trailing cash flow while its opponent burns cash.
ENVX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$31.4M | +$2.4M |
| Q1 2026 | -$36.3M | -$13.1M |
| Q4 2025 | -$28M | +$4.3M |
| Q3 2025 | -$28.5M | +$21.7M |
| Q2 2025 | -$33.8M | +$18.3M |
| Q1 2025 | -$23.2M | +$27M |
| Q4 2024 | -$32.3M | +$23.7M |
| Q3 2024 | -$50.2M | -$4.7M |
ENVX has burned cash in almost every quarter: −$124M over the past year, against −$140M 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 ENVX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ENVX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1.1M shares |
| 1 year | +6.7% | +13.7M shares |
| 3 years | +39% | +61.4M shares |
ENVX has 219M diluted shares, up 6.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | $58.4M |
| Q4 2024 | — |
| Q3 2024 | $3,000 |
| Q2 2024 | $1,000 |
| Q1 2024 | — |
| Q4 2023 | $3,000 |
| Q3 2023 | $10,000 |
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.
ENVX Net Leverage
ENVX'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).
ENVX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.1 | Oversold |
| Stochastic | 18.0 | Oversold |
ENVX's weekly RSI is 29 (oversold) and its Stochastic is 18 (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.
ENVX PE vs Industrials Sector
ENVX 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 |
BA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
ENVX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.64 | 32% below |
| 20 week MA | $3.48 | 48% below |
| 50 week MA | $5.40 | 67% below |
| 100 week MA | $7.59 | 76% below |
| 200 week MA | $9.58 | 81% below |
ENVX is in a downtrend: it's below all five of its weekly moving averages, and 81% below its 200-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 ENVX on returns for 2026, with the stronger performance.
ENVX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $13.7 | $26.7 | +95% |
| 2022 | $26.7 | $11.0 | -59% |
| 2023 | $11.0 | $12.5 | +14% |
| 2024 | $12.5 | $11.3 | -9.9% |
| 2025 | $11.3 | $7.63 | -32% |
| 2026 YTD | $7.63 | $1.80 | -76% |
ENVX has finished lower in three of the last five years. It's down 76% so far in 2026.