BA
The Boeing Company
BA has the edge over FIP overall, supported by lower modeled downside and stronger fundamentals.
FIP
FTAI Infrastructure Inc.
FIP offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
FIP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
FIP's revenue is currently healthy, but its profitability, cash flow and balance sheet are 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
FIP PE Valuation
FIP has no meaningful PE right now: it lost money over the past year.
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.
FIP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect FIP's losses to shrink, with revenue growing. 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 the edge over FIP on earnings quality, reporting a profit while its opponent remains loss making.
FIP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$5.04 | -$2.61 |
| Q2 2026 | -$5.15 | -$3.65 |
| Q1 2026 | -$4.47 | -$3.18 |
| Q4 2025 | -$2.26 | +$0.46 |
| Q3 2025 | -$2.43 | -$0.46 |
| Q2 2025 | -$1.50 | +$0.57 |
| Q1 2025 | -$1.29 | +$0.64 |
| Q4 2024 | -$2.72 | -$0.93 |
FIP lost $5.04 per share over the past year, a bigger loss than 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.
FIP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219M | +56% |
| Q2 2026 | $186.8M | +53% |
| Q1 2026 | $188.4M | +96% |
| Q4 2025 | $143.5M | +78% |
| Q3 2025 | $140.6M | +69% |
| Q2 2025 | $122.3M | +44% |
| Q1 2025 | $96.2M | +17% |
| Q4 2024 | $80.8M | -0.8% |
FIP has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9% | -5.6 points |
| Q2 2026 | -25% | -19 points |
| Q1 2026 | 1.5% | +10 points |
| Q4 2025 | 0.9% | +97 points |
| Q3 2025 | 15% | +23 points |
| Q2 2025 | -5.6% | -2 points |
| Q1 2025 | -8.8% | +5 points |
| Q4 2024 | -96% | -90 points |
FIP 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 FIP on cash generation, producing positive trailing cash flow while its opponent burns cash.
FIP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$63.4M | +$27.3M |
| Q2 2026 | -$43.5M | +$44M |
| Q1 2026 | -$115.9M | +$35.8M |
| Q4 2025 | -$68.6M | -$34.4M |
| Q3 2025 | -$90.7M | -$79.1M |
| Q2 2025 | -$87.5M | -$55.4M |
| Q1 2025 | -$151.7M | -$134.9M |
| Q4 2024 | -$34.3M | -$21.7M |
FIP has burned cash in almost every quarter: −$291M over the past year, against −$364M 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 | — |
FIP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +17.8K shares |
| 1 year | +2.3% | +2.6M shares |
| 3 years | +15% | +15.4M shares |
| 5 years | +19% | +19M shares |
FIP has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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 FIP on leverage, with a lower net debt burden relative to earnings.
FIP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 19.6x | High |
| Q2 2026 | 19.3x | High |
| Q1 2026 | 21.5x | High |
| Q4 2025 | 26.7x | High |
| Q3 2025 | 91.1x | High |
| Q3 2024 | 28.4x | High |
| Q2 2024 | 32.3x | High |
| Q1 2024 | 32.2x | High |
FIP's net debt is about 20 years of its operating earnings (EBITDA), down from more than 20 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).
FIP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 52.0 | Neutral |
FIP's weekly RSI is 55 (neutral) and its Stochastic is 52 (neutral).
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.
FIP PE vs Industrials Sector
FIP has no meaningful PE right now: it lost money over the past year.
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.
FIP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.00 | 41% above |
| 20 week MA | $3.55 | 19% above |
| 50 week MA | $4.53 | 6.6% below |
| 100 week MA | $5.04 | 16% below |
| 200 week MA | $5.25 | 19% below |
FIP 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.
FIP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $3.58 | $2.89 | -19% |
| 2023 | $2.89 | $3.89 | +35% |
| 2024 | $3.89 | $7.11 | +83% |
| 2025 | $7.11 | $4.84 | -32% |
| 2026 YTD | $4.84 | $4.23 | -13% |
FIP has the edge over BA on returns for 2026, with the stronger performance.