BA
The Boeing Company
BA's outlook is improving, though it still trails on the overall score.
FIX
Comfort Systems USA, Inc.
FIX 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.
FIX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
FIX's revenue, profitability, cash flow and balance sheet are all currently strong.
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 FIX in the historical PE scenario, which offers more potential upside but is not a forecast.
FIX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $746 | -34% |
| Forward | 18x | $1,128 | — |
| Fair | 24x | $1,096 | -2.9% |
| Current | 24x | $1,128 | — |
| Expensive | 37x | $1,695 | +50% |
Historical ranges are pointers, not guarantees.
FIX's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x 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.
FIX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FIX, 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.
FIX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $62.60 | +35% |
| Q3 2026 | $46.30 | +96% |
| Q2 2026 | $40.64 | +109% |
| Q1 2026 | $34.64 | +108% |
| Q4 2025 | $28.88 | +98% |
| Q3 2025 | $23.61 | +81% |
| Q2 2025 | $19.45 | +63% |
| Q1 2025 | $16.66 | +65% |
| Q4 2024 | $14.60 | +62% |
FIX 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.
FIX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +54% |
| Q2 2026 | $3.3B | +50% |
| Q1 2026 | $2.9B | +56% |
| Q4 2025 | $2.6B | +42% |
| Q3 2025 | $2.5B | +35% |
| Q2 2025 | $2.2B | +20% |
| Q1 2025 | $1.8B | +19% |
| Q4 2024 | $1.9B | +38% |
FIX has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +1.1 points |
| Q2 2026 | 17% | +3.3 points |
| Q1 2026 | 17% | +5.5 points |
| Q4 2025 | 16% | +4 points |
| Q3 2025 | 15% | +4.3 points |
| Q2 2025 | 14% | +3.6 points |
| Q1 2025 | 11% | +2.6 points |
| Q4 2024 | 12% | +3.3 points |
FIX 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.
FIX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $799.5M | +54% |
| Q2 2026 | $998.1M | +351% |
| Q1 2026 | $241.4M | +$351.5M |
| Q4 2025 | $402.5M | +137% |
| Q3 2025 | $517.9M | +85% |
| Q2 2025 | $221.2M | +33% |
| Q1 2025 | -$110.2M | -191% |
| Q4 2024 | $169.8M | +15% |
FIX generated $2.4B in free cash flow over the past year, about three 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 | — |
FIX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -102K shares |
| 1 year | -0.6% | -213K shares |
| 3 years | -2.1% | -765K shares |
| 5 years | -3.5% | -1.3M shares |
| Available history | -5.3% | -2M shares |
FIX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $337.9M |
| Q2 2026 | $5.7M |
| Q1 2026 | $2.5M |
| Q4 2025 | $91.6M |
| Q3 2025 | $13.1M |
| Q2 2025 | $19.9M |
| Q1 2025 | $91.4M |
| Q4 2024 | $15.9M |
FIX spent $438M buying back its own shares over the past year, about three times what it spent 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.
FIX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
FIX 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).
FIX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.8 | Neutral |
| Stochastic | 14.3 | Oversold |
FIX's weekly RSI is 36 (neutral) and its Stochastic is 14 (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 FIX on valuation relative to its sector.
FIX PE vs Industrials Sector
| Metric | FIX | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.4% above |
| PE % | 53 | 58 | 5 pts below |
FIX is trading at 24x 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.
FIX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,385.1 | 19% below |
| 20 week MA | $1,565.6 | 28% below |
| 50 week MA | $1,496.2 | 25% below |
| 100 week MA | $1,036.8 | 8.8% above |
| 200 week MA | $642.3 | 76% above |
FIX 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.
FIX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.1 | $53.6 | +6.8% |
| 2021 | $53.6 | $98.8 | +85% |
| 2022 | $98.8 | $118.2 | +20% |
| 2023 | $118.2 | $205.7 | +74% |
| 2024 | $205.7 | $432.0 | +110% |
| 2025 | $432.0 | $963.8 | +123% |
| 2026 YTD | $963.8 | $1,128.1 | +17% |
FIX has the edge over BA on returns for 2026, with the stronger performance.