BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
FA
First Advantage Corporation
FA has the edge over BA overall, supported by stronger modeled upside and stronger fundamentals.
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.
FA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Weak |
FA's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
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 FA in the historical PE scenario, which offers more potential upside but is not a forecast.
FA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $21.36 | — |
| Cheap | 36x | $9.38 | -56% |
| Fair | 61x | $15.91 | -26% |
| Current | 82x | $21.36 | — |
| Expensive | 191x | $49.63 | +132% |
Historical ranges are pointers, not guarantees.
FA's PE is in its expensive range at 82x. If earnings grow as analysts expect, today's price would be 15x 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.
FA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for FA, 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.
FA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.44 | +455% |
| Q3 2026 | $0.26 | +$1.16 |
| Q2 2026 | $0.15 | +$1.12 |
| Q1 2026 | $0.05 | +$1.01 |
| Q4 2025 | -$0.20 | +$0.54 |
| Q3 2025 | -$0.90 | -2350% |
| Q2 2025 | -$0.97 | -671% |
| Q1 2025 | -$0.96 | -517% |
| Q4 2024 | -$0.74 | -385% |
FA has returned to profit: it earned $0.26 per share over the past year, after losing money the year before.
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.
FA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $465.8M | +14% |
| Q2 2026 | $448.8M | +15% |
| Q1 2026 | $385.2M | +8.6% |
| Q4 2025 | $420M | +37% |
| Q3 2025 | $409.2M | +105% |
| Q2 2025 | $390.6M | +112% |
| Q1 2025 | $354.6M | +109% |
| Q4 2024 | $307.1M | +52% |
FA has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.6 points |
| Q2 2026 | 13% | +3.1 points |
| Q1 2026 | 8.7% | +6.5 points |
| Q4 2025 | 11% | +37 points |
| Q3 2025 | 10% | +5.7 points |
| Q2 2025 | 9.7% | +4.3 points |
| Q1 2025 | 2.1% | +2.6 points |
| Q4 2024 | -26% | -41 points |
FA 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 FA on cash flow, with more consistent year-over-year improvement.
FA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.2M | -15% |
| Q2 2026 | $68.9M | +91% |
| Q1 2026 | $46.6M | +146% |
| Q4 2025 | $62.2M | +$148.2M |
| Q3 2025 | $71.2M | +65% |
| Q2 2025 | $36.1M | +15% |
| Q1 2025 | $19M | -50% |
| Q4 2024 | -$86M | -252% |
FA generated $238M in free cash flow over the past year, about six times what it generated 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 | — |
FA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +2.2M shares |
| 1 year | -0.1% | -114K shares |
| 3 years | +21% | +30.7M shares |
| 5 years | +15% | +23M shares |
| Available history | +192% | +115M shares |
FA has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $204,000 |
| Q2 2026 | $18.9M |
| Q1 2026 | $19.7M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $3M |
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 FA on leverage, with a lower net debt burden relative to earnings.
FA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.7x | High |
| Q2 2026 | 6.2x | High |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 7.5x | High |
| Q3 2025 | 15.7x | High |
| Q2 2025 | 25.9x | High |
| Q1 2025 | 55.8x | High |
| Q4 2024 | 133.3x | High |
FA's net debt is about 5.7 years of its operating earnings (EBITDA), down from 16 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).
FA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.3 | Neutral |
| Stochastic | 62.8 | Neutral |
FA's weekly RSI is 56 (neutral) and its Stochastic is 63 (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 FA on valuation relative to its sector.
FA PE vs Industrials Sector
| Metric | FA | Sector median | Relative |
|---|---|---|---|
| PE | 82x | 24x | 242% above |
| PE % | 68 | 62 | 6 pts above |
FA is trading at 82x earnings, a 242% 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.
FA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.5 | 4.4% above |
| 20 week MA | $20.8 | 2.6% above |
| 50 week MA | $16.5 | 30% above |
| 100 week MA | $16.3 | 31% above |
| 200 week MA | $16.0 | 34% above |
FA 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.
FA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $20.5 | $18.2 | -12% |
| 2022 | $18.2 | $13.0 | -28% |
| 2023 | $13.0 | $16.6 | +27% |
| 2024 | $16.6 | $18.7 | +13% |
| 2025 | $18.7 | $15.5 | -17% |
| 2026 YTD | $15.5 | $21.4 | +38% |
FA has the edge over BA on returns for 2026, with the stronger performance.