BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ETN
Eaton Corporation plc
ETN has the edge over BA overall, supported by stronger modeled upside and lower modeled downside.
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.
ETN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
ETN's revenue, profitability and cash flow are currently healthy, but its balance sheet is 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 ETN in the historical PE scenario, which offers more potential upside but is not a forecast.
ETN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 22x | $359 | — |
| Cheap | 26x | $261 | -27% |
| Fair | 33x | $327 | -8.8% |
| Current | 36x | $359 | — |
| Expensive | 39x | $388 | +8% |
Historical ranges are pointers, not guarantees.
ETN's PE is in its expensive range at 36x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its cheap range.
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.
ETN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ETN, 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.
ETN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.99 | +60% |
| Q3 2026 | $10.00 | 0% |
| Q2 2026 | $9.82 | -1.2% |
| Q1 2026 | $10.22 | +3.1% |
| Q4 2025 | $10.45 | +10% |
| Q3 2025 | $10.00 | +6.4% |
| Q2 2025 | $9.94 | +9.4% |
| Q1 2025 | $9.91 | +17% |
| Q4 2024 | $9.50 | +18% |
ETN 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.
ETN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.9B | +28% |
| Q2 2026 | $8.5B | +21% |
| Q1 2026 | $7.5B | +17% |
| Q4 2025 | $7.1B | +13% |
| Q3 2025 | $7B | +10% |
| Q2 2025 | $7B | +11% |
| Q1 2025 | $6.4B | +7.3% |
| Q4 2024 | $6.2B | +4.6% |
ETN's revenue has grown year over year for 17 quarters in a row: $8.9B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | -2.9 points |
| Q2 2026 | 13% | -3.5 points |
| Q1 2026 | 15% | -3.6 points |
| Q4 2025 | 18% | -0.3 points |
| Q3 2025 | 18% | -0.7 points |
| Q2 2025 | 17% | -1.9 points |
| Q1 2025 | 18% | +1.6 points |
| Q4 2024 | 19% | +0.5 points |
ETN 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 ETN on cash flow, with more consistent year-over-year improvement.
ETN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1B | -12% |
| Q2 2026 | $874M | +22% |
| Q1 2026 | $314M | +245% |
| Q4 2025 | $1.6B | +17% |
| Q3 2025 | $1.2B | +4.2% |
| Q2 2025 | $716M | -5.7% |
| Q1 2025 | $91M | -69% |
| Q4 2024 | $1.3B | +27% |
ETN generated $3.8B in free cash flow over the past year, up 14% 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 | — |
ETN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +100K shares |
| 1 year | -0.1% | -500K shares |
| 3 years | -3% | -12M shares |
| 5 years | -3.1% | -12.3M shares |
| Available history | -7.4% | -31.2M shares |
ETN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $193M |
| Q3 2025 | $362M |
| Q2 2025 | $692M |
| Q1 2025 | $615M |
| Q4 2024 | $877M |
ETN spent $193M buying back its own shares over the past year, down 92% from the year before.
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 ETN on leverage, with a lower net debt burden relative to earnings.
ETN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.6x | Healthy |
ETN's net debt is about 3.1 years of its operating earnings (EBITDA), up from 1.8 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).
ETN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 14.6 | Oversold |
ETN's weekly RSI is 40 (neutral) and its Stochastic is 15 (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 ETN on valuation relative to its sector.
ETN PE vs Industrials Sector
| Metric | ETN | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 49% above |
| PE % | 66 | 58 | 8 pts above |
ETN is trading at 36x earnings, a 49% 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.
ETN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $391.7 | 8.3% below |
| 20 week MA | $407.1 | 12% below |
| 50 week MA | $385.7 | 6.9% below |
| 100 week MA | $360.6 | 0.4% below |
| 200 week MA | $307.9 | 17% above |
ETN 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.
ETN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $95.0 | $118.1 | +24% |
| 2021 | $118.1 | $168.0 | +42% |
| 2022 | $168.0 | $156.8 | -6.7% |
| 2023 | $156.8 | $240.8 | +54% |
| 2024 | $240.8 | $334.6 | +39% |
| 2025 | $334.6 | $322.2 | -3.7% |
| 2026 YTD | $322.2 | $359.0 | +11% |
ETN has the edge over BA on returns for 2026, with the stronger performance.