BA
The Boeing Company
BA has slightly lower modeled downside risk, despite its lower overall score.
ESP
Espey Mfg. & Electronics Corp.
ESP 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.
ESP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
ESP's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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 ESP in the historical PE scenario, which offers more potential upside but is not a forecast.
ESP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $46.70 | -2.5% |
| Current | 12x | $47.90 | — |
| Forward | 13x | $47.90 | — |
| Fair | 17x | $65.75 | +37% |
| Expensive | 33x | $127 | +165% |
Historical ranges are pointers, not guarantees.
ESP's PE is in its cheap range at 12x. On analysts' estimates for next year's earnings, today's price would be 13x.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over ESP on the outlook, with more favorable earnings and revenue expectations.
ESP Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ESP's profitability to improve, with its earnings and 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.
ESP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.61 | -7.2% |
| Q2 2026 | $3.89 | +30% |
| Q1 2026 | $3.79 | +41% |
| Q4 2025 | $3.43 | +40% |
| Q3 2025 | $3.15 | +28% |
| Q2 2025 | $3.00 | +31% |
| Q1 2025 | $2.68 | +40% |
| Q4 2024 | $2.45 | +31% |
| Q3 2024 | $2.46 | +52% |
ESP 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.
ESP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $13.5M | +40% |
| Q1 2026 | $11.4M | +11% |
| Q4 2025 | $12.1M | -11% |
| Q3 2025 | $9.1M | -13% |
| Q2 2025 | $9.6M | -17% |
| Q1 2025 | $10.3M | +25% |
| Q4 2024 | $13.6M | +32% |
| Q3 2024 | $10.4M | +22% |
ESP's revenue is growing: $13M last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | -1.6 points |
| Q1 2026 | 26% | +9.1 points |
| Q4 2025 | 25% | +10 points |
| Q3 2025 | 23% | +6.3 points |
| Q2 2025 | 27% | +9.1 points |
| Q1 2025 | 17% | +3.8 points |
| Q4 2024 | 15% | -5.4 points |
| Q3 2024 | 16% | +2.2 points |
ESP 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 ESP on cash flow, with more consistent year-over-year improvement.
ESP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$914.5K | -200% |
| Q1 2026 | $3.2M | -70% |
| Q4 2025 | -$4.1M | -192% |
| Q3 2025 | $4.4M | +511% |
| Q2 2025 | $915.3K | -65% |
| Q1 2025 | $10.5M | +2667% |
| Q4 2024 | $4.5M | +116% |
| Q3 2024 | $724.8K | +88% |
ESP usually generates cash, though not every quarter: the latest was −$914,460, but it generated $3M 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 the edge over ESP on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ESP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -14.5K shares |
| 1 year | +6.5% | +175K shares |
| 3 years | +16% | +400K shares |
| 5 years | +19% | +465K shares |
| Available history | +20% | +475K shares |
ESP has 3M diluted shares, up 6.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $39,658 |
| Q3 2019 | $8,291 |
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.
ESP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.9x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -2.5x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
ESP 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).
ESP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.7 | Neutral |
| Stochastic | 11.1 | Oversold |
ESP's weekly RSI is 36 (neutral) and its Stochastic is 11 (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.
ESP PE vs Industrials Sector
| Metric | ESP | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 49% below |
| PE % | 20 | 58 | 38 pts below |
ESP has the edge over BA on valuation relative to its sector.
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.
ESP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.5 | 14% below |
| 20 week MA | $59.4 | 19% below |
| 50 week MA | $57.8 | 17% below |
| 100 week MA | $47.2 | 1.5% above |
| 200 week MA | $34.1 | 40% above |
ESP 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.
ESP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $19.7 | -8.5% |
| 2021 | $19.7 | $13.1 | -34% |
| 2022 | $13.1 | $14.0 | +7.2% |
| 2023 | $14.0 | $18.7 | +33% |
| 2024 | $18.7 | $30.8 | +65% |
| 2025 | $30.8 | $45.4 | +47% |
| 2026 YTD | $45.4 | $47.9 | +5.6% |
ESP has the edge over BA on returns for 2026, with the stronger performance.