BA
The Boeing Company
BA has the edge over ESLT overall, supported by stronger valuation and lower modeled downside.
ESLT
Elbit Systems Ltd.
ESLT 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.
ESLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ESLT's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 ESLT in the historical PE scenario, which offers more potential upside but is not a forecast.
ESLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $341 | -53% |
| Fair | 34x | $455 | -37% |
| Current | 54x | $723 | — |
| Expensive | 56x | $752 | +4% |
Historical ranges are pointers, not guarantees.
ESLT's PE is in its expensive range at 54x.
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.
ESLT Forward outlook
There aren't enough analyst estimates for ESLT 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
ESLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $13.38 | +52% |
| Q1 2026 | $12.46 | +58% |
| Q4 2025 | $11.47 | +60% |
| Q3 2025 | $9.88 | +68% |
| Q2 2025 | $8.81 | +62% |
| Q1 2025 | $7.88 | +56% |
| Q4 2024 | $7.16 | +50% |
| Q3 2024 | $5.87 | -1.7% |
ESLT 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.
ESLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.3B | +16% |
| Q1 2026 | $2.2B | +15% |
| Q4 2025 | $2.1B | +11% |
| Q3 2025 | $1.9B | +12% |
| Q2 2025 | $2B | +21% |
| Q1 2025 | $1.9B | +22% |
| Q4 2024 | $1.9B | +19% |
| Q3 2024 | $1.7B | +14% |
ESLT's revenue has grown year over year for 14 quarters in a row: $2.3B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.6% | +1.6 points |
| Q1 2026 | 9.4% | +1.5 points |
| Q4 2025 | 9.7% | +1.3 points |
| Q3 2025 | 8.9% | +1.6 points |
| Q2 2025 | 8% | +0.8 points |
| Q1 2025 | 7.9% | +1.1 points |
| Q4 2024 | 8.4% | +4.3 points |
| Q3 2024 | 7.3% | +0.3 points |
ESLT 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's free cash flow has turned positive after six years mostly in the red: $16M over the past year.
ESLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $150.3M | +113% |
| Q1 2026 | $209.9M | +30% |
| Q4 2025 | $231.4M | -43% |
| Q3 2025 | $101.2M | +1896% |
| Q2 2025 | $70.6M | +$73.7M |
| Q1 2025 | $160.9M | +$247.3M |
| Q4 2024 | $404M | +42% |
| Q3 2024 | $5.1M | +$54.9M |
ESLT generated $693M in free cash flow over the past year, up 8.1% 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 | — |
ESLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +1.4M shares |
| 3 years | +7.8% | +3.5M shares |
| 5 years | +8.8% | +3.9M shares |
| Available history | +8.7% | +3.9M shares |
ESLT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ESLT 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.
ESLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 2.8x | Moderate |
ESLT 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).
ESLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.4 | Neutral |
| Stochastic | 35.2 | Neutral |
ESLT's weekly RSI is 48 (neutral) and its Stochastic is 35 (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 ESLT on valuation relative to its sector.
ESLT PE vs Industrials Sector
| Metric | ESLT | Sector median | Relative |
|---|---|---|---|
| PE | 54x | 24x | 125% above |
| PE % | 80 | 58 | 22 pts above |
ESLT is trading at 54x earnings, a 125% 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.
ESLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $720.4 | 0.4% above |
| 20 week MA | $747.8 | 3.3% below |
| 50 week MA | $752.9 | 4% below |
| 100 week MA | $580.7 | 25% above |
| 200 week MA | $390.0 | 85% above |
ESLT 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.
ESLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $158.9 | $131.0 | -18% |
| 2021 | $131.0 | $167.8 | +28% |
| 2022 | $167.8 | $170.1 | +1.4% |
| 2023 | $170.1 | $213.3 | +25% |
| 2024 | $213.3 | $257.3 | +21% |
| 2025 | $257.3 | $571.1 | +122% |
| 2026 YTD | $571.1 | $723.0 | +27% |
ESLT has the edge over BA on returns for 2026, with the stronger performance.