BA
The Boeing Company
BA's fundamentals are strong: its operating margin went from −10% to 10% and revenue grew 18%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
FER
Ferrovial N.V.
There isn't enough reported data to score FER yet.
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.
FER Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| Healthy | |
| Weak |
FER's cash flow is currently healthy, and its profitability is stable, but its balance sheet is weak. There isn't enough data to rate its revenue.
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 FER in the historical PE scenario, which offers more potential upside but is not a forecast.
FER PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $14.13 | -77% |
| Fair | 31x | $43.44 | -29% |
| Current | 44x | $61.16 | — |
| Expensive | 74x | $102 | +67% |
Historical ranges are pointers, not guarantees.
FER's PE is 44x, but its earnings don't support one, so it isn't a reliable read right now.
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.
FER Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FER to return to profit, with revenue growing.
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 |
FER has the stronger earnings trend. Trailing diluted EPS is down 30% for BA versus FER up 1,280%.
FER Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.38 | -72% |
| Q3 2021 | -$0.10 | +$0.02 |
| Q1 2019 | -$0.38 | -223% |
| Q4 2018 | -$0.48 | -173% |
| Q3 2018 | $0.31 | -46% |
FER has returned to profit: it earned $1.38 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% |
FER has the stronger quarterly revenue trend. Revenue is up 3.9% for BA versus up 144% for FER.
| 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.
FER Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $10.7B | +5.2% |
| Q4 2024 | $10.2B | +100% |
| Q4 2023 | $5.1B | +14% |
| Q3 2023 | $2.5B | +14% |
| Q2 2023 | $4.4B | +11% |
| Q1 2023 | $2.2B | +11% |
| Q4 2022 | $4.5B | +104% |
| Q3 2022 | $2.2B | +9% |
FER's revenue has grown year over year for 13 quarters in a row: $10.7B last quarter, up 144% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 11% | +6.1 points |
| Q4 2024 | 34% | +29 points |
| Q4 2023 | 8.5% | +2.1 points |
| Q3 2023 | 9.3% | +3 points |
| Q2 2023 | 5% | +0.3 points |
| Q1 2023 | 5.1% | +0.3 points |
| Q4 2022 | 6.4% | +2.2 points |
| Q3 2022 | 6.3% | +15 points |
FER's operating margin was 11% last quarter, up 6.1 points from the same quarter a year ago.
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% |
FER has the stronger cash trend. Its trailing FCF is up 2,646% versus its history, compared with BA at up 100%.
FER Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2023 | $421M | +189% |
| Q3 2023 | $424.4M | +192% |
| Q2 2023 | $52.2M | +$188.3M |
| Q1 2023 | $52.2M | +$188.3M |
| Q4 2022 | $145.5M | +$145.5M |
| Q3 2022 | $145.5M | +$145.5M |
| Q2 2022 | -$136.1M | -$136.1M |
| Q1 2022 | -$136.1M | -$136.1M |
FER generated $950M in free cash flow over the past year, more than ten 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 | — |
FER Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -5.5M shares |
| 1 year | -5.4% | -41.3M shares |
| 3 years | -1.8% | -12.8M shares |
| 5 years | -1.2% | -8.4M shares |
FER has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $12.2M |
| Q4 2024 | $29.7M |
| Q4 2023 | $34.4M |
| Q3 2023 | $34.4M |
| Q2 2023 | $28.9M |
| Q1 2023 | $28.9M |
| Q4 2022 | $110M |
| Q3 2022 | $110M |
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.
FER Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 4.0x | Elevated |
| Q4 2024 | 1.8x | Healthy |
| Q4 2023 | 5.0x | High |
| Q3 2023 | 5.6x | High |
| Q2 2023 | 6.7x | High |
| Q1 2023 | 0.0x | Very low |
| Q4 2022 | 6.1x | High |
| Q3 2022 | 3.5x | Elevated |
FER's net debt is about 4.0 years of its operating earnings (EBITDA), down from 6.7 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).
FER Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.0 | Neutral |
| Stochastic | 55.2 | Neutral |
FER's weekly RSI is 53 (neutral) and its Stochastic is 55 (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 FER on valuation relative to its sector.
FER PE vs Industrials Sector
| Metric | FER | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 24x | 85% above |
| PE % | 65 | 58 | 7 pts above |
FER is trading at 44x earnings, a 85% premium to the Industrials sector's median of 24x, though its earnings don't support one.
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.
FER Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.2 | 13% above |
| 20 week MA | $59.0 | 3.7% above |
| 50 week MA | $64.3 | 4.9% below |
| 100 week MA | $57.8 | 5.8% above |
| 200 week MA | $46.6 | 31% above |
FER 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.
FER Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.8 | $27.4 | -8.1% |
| 2021 | $27.4 | $27.5 | +0.4% |
| 2022 | $27.5 | $25.2 | -8.4% |
| 2023 | $25.2 | $35.4 | +41% |
| 2024 | $35.4 | $42.4 | +20% |
| 2025 | $42.4 | $65.2 | +54% |
| 2026 YTD | $65.2 | $61.2 | -6.2% |
FER has the edge over BA on returns for 2026, with the stronger performance.