BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EXPD
Expeditors International of Washington, Inc.
EXPD 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.
EXPD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
EXPD'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 EXPD in the historical PE scenario, which offers more potential upside but is not a forecast.
EXPD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $110 | -44% |
| Fair | 22x | $171 | -13% |
| Forward | 22x | $196 | — |
| Current | 25x | $196 | — |
| Expensive | 26x | $202 | +3.2% |
Historical ranges are pointers, not guarantees.
EXPD's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its fair 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.
EXPD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for EXPD, with profitability improving. 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
EXPD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.75 | +11% |
| Q3 2026 | $7.89 | +29% |
| Q2 2026 | $6.88 | +12% |
| Q1 2026 | $6.19 | +2.8% |
| Q4 2025 | $5.95 | +4% |
| Q3 2025 | $6.13 | +19% |
| Q2 2025 | $6.12 | +31% |
| Q1 2025 | $6.02 | +27% |
| Q4 2024 | $5.72 | +14% |
EXPD 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 has the edge over EXPD 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.
EXPD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +42% |
| Q2 2026 | $3.5B | +32% |
| Q1 2026 | $2.8B | +4.4% |
| Q4 2025 | $2.9B | -3.3% |
| Q3 2025 | $2.9B | -3.5% |
| Q2 2025 | $2.7B | +8.7% |
| Q1 2025 | $2.7B | +21% |
| Q4 2024 | $3B | +30% |
EXPD's revenue is recovering but still below its 2021 peak: $4.1B last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.9 points |
| Q2 2026 | 10% | +0.6 points |
| Q1 2026 | 11% | +0.6 points |
| Q4 2025 | 8.8% | -1.4 points |
| Q3 2025 | 10% | -0.1 points |
| Q2 2025 | 9.3% | +0.2 points |
| Q1 2025 | 10% | +0.2 points |
| Q4 2024 | 10% | +1.4 points |
EXPD 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.
EXPD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $194.3M | +2.1% |
| Q2 2026 | $166.6M | +2% |
| Q1 2026 | $296.6M | -10% |
| Q4 2025 | $270.3M | +13% |
| Q3 2025 | $190.3M | +145% |
| Q2 2025 | $163.3M | +37% |
| Q1 2025 | $329.5M | +34% |
| Q4 2024 | $239.7M | +62% |
EXPD's free cash flow has been positive every quarter for seven years: $928M over the past year, about the same as 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 | — |
EXPD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.3M shares |
| 1 year | -3.8% | -5.2M shares |
| 3 years | -12% | -17.9M shares |
| 5 years | -24% | -41.4M shares |
| Available history | -25% | -44.1M shares |
EXPD has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $197.3M |
| Q2 2026 | $354.9M |
| Q1 2026 | $287.6M |
| Q4 2025 | $46.5M |
| Q3 2025 | $212.3M |
| Q2 2025 | $231.1M |
| Q1 2025 | $177.4M |
| Q4 2024 | $252.2M |
EXPD spent $886M buying back its own shares over the past year, up 1.5% 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's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
EXPD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
EXPD 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).
EXPD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 66.5 | Neutral |
EXPD's weekly RSI is 62 (neutral) and its Stochastic is 66 (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 EXPD on valuation relative to its sector.
EXPD PE vs Industrials Sector
| Metric | EXPD | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 3.2% above |
| PE % | 74 | 58 | 16 pts above |
EXPD is trading at 25x earnings, in line with 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.
EXPD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.1 | 1.4% above |
| 20 week MA | $186.3 | 5% above |
| 50 week MA | $166.5 | 18% above |
| 100 week MA | $142.0 | 38% above |
| 200 week MA | $130.2 | 50% above |
EXPD 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.
EXPD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.5 | $94.6 | +22% |
| 2021 | $94.6 | $130.8 | +38% |
| 2022 | $130.8 | $107.3 | -18% |
| 2023 | $107.3 | $127.2 | +19% |
| 2024 | $127.2 | $111.4 | -12% |
| 2025 | $111.4 | $152.2 | +37% |
| 2026 YTD | $152.2 | $195.7 | +29% |
EXPD has the edge over BA on returns for 2026, with the stronger performance.