BA
The Boeing Company
BA has the edge over FLS overall, supported by stronger fundamentals and stronger modeled upside.
FLS
Flowserve Corporation
FLS's outlook is improving despite an expensive valuation.
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.
FLS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Under pressure | |
| Stable |
FLS's profitability and balance sheet are currently stable, but its revenue and cash flow 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 has the edge over FLS in the historical PE scenario, which offers more potential upside but is not a forecast.
FLS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $83.66 | — |
| Cheap | 21x | $42.69 | -49% |
| Fair | 26x | $53.03 | -37% |
| Expensive | 39x | $78.13 | -6.6% |
| Current | 42x | $83.66 | — |
Historical ranges are pointers, not guarantees.
FLS's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 19x 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.
FLS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FLS, 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.
FLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.51 | +124% |
| Q3 2026 | $2.01 | -42% |
| Q2 2026 | $2.87 | +30% |
| Q1 2026 | $2.72 | +27% |
| Q4 2025 | $2.64 | +23% |
| Q3 2025 | $3.44 | +69% |
| Q2 2025 | $2.21 | +14% |
| Q1 2025 | $2.14 | +20% |
| Q4 2024 | $2.14 | +51% |
FLS 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 FLS 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.
FLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +5.4% |
| Q2 2026 | $1.2B | -1.6% |
| Q1 2026 | $1.1B | -6.7% |
| Q3 2025 | $1.2B | +3.6% |
| Q2 2025 | $1.2B | +2.7% |
| Q1 2025 | $1.1B | +5.2% |
| Q4 2024 | $1.2B | +1.3% |
| Q3 2024 | $1.1B | +3.5% |
FLS's revenue is down over the past year, though its latest quarter was up: $1.2B last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +5.7 points |
| Q2 2026 | 13% | +0.6 points |
| Q1 2026 | 11% | -0.3 points |
| Q3 2025 | 6.8% | -2.4 points |
| Q2 2025 | 12% | +1.8 points |
| Q1 2025 | 12% | +1.1 points |
| Q4 2024 | 11% | +1.2 points |
| Q3 2024 | 9.1% | +2.7 points |
FLS 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 FLS on cash flow, with more consistent year-over-year improvement.
FLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $126.9M | -67% |
| Q2 2026 | $112.3M | -18% |
| Q1 2026 | -$60M | +$1.7M |
| Q4 2025 | -$25.6M | -115% |
| Q3 2025 | $384.7M | +149% |
| Q2 2025 | $137.5M | +$165M |
| Q1 2025 | -$61.7M | -227% |
| Q4 2024 | $168.5M | -3.6% |
FLS still generates free cash flow, though less than at its 2025 peak: $154M over the past year.
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 | — |
FLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -396K shares |
| 1 year | -2.5% | -3.3M shares |
| 3 years | -3.1% | -4.1M shares |
| 5 years | -2.2% | -2.8M shares |
| Available history | -2.9% | -3.8M shares |
FLS has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $25M |
| Q1 2026 | — |
| Q4 2025 | $56.9M |
| Q3 2025 | $145.1M |
| Q2 2025 | $31.7M |
| Q1 2025 | $21.1M |
| Q4 2024 | — |
FLS spent $132M buying back its own shares over the past year, down 33% 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.
FLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.5x | Healthy |
FLS 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).
FLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.7 | Neutral |
| Stochastic | 80.9 | Overbought |
FLS's weekly RSI is 61 (neutral) and its Stochastic is 81 (overbought).
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 FLS on valuation relative to its sector.
FLS PE vs Industrials Sector
| Metric | FLS | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 24x | 73% above |
| PE % | 88 | 58 | 30 pts above |
FLS is trading at 42x earnings, a 73% 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.
FLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.3 | 11% above |
| 20 week MA | $75.4 | 11% above |
| 50 week MA | $76.1 | 10% above |
| 100 week MA | $65.2 | 28% above |
| 200 week MA | $53.9 | 55% above |
FLS 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.
FLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $49.7 | $36.7 | -26% |
| 2021 | $36.7 | $30.2 | -18% |
| 2022 | $30.2 | $30.1 | -0.5% |
| 2023 | $30.1 | $41.2 | +37% |
| 2024 | $41.2 | $57.8 | +40% |
| 2025 | $57.8 | $71.0 | +23% |
| 2026 YTD | $71.0 | $83.7 | +18% |
FLS has the edge over BA on returns for 2026, with the stronger performance.