BA
The Boeing Company
BA has the edge over FORR overall, supported by stronger fundamentals and lower modeled downside.
FORR
Forrester Research, Inc.
FORR 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.
FORR Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Strong |
FORR's balance sheet is currently strong, but its revenue, profitability 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
FORR PE Valuation
FORR 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 |
BA has the edge over FORR on the outlook, with more favorable earnings and revenue expectations.
FORR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect FORR's earnings and revenue to decline, though with profitability holding steady.
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 FORR on earnings quality, reporting a profit while its opponent remains loss making.
FORR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.76 | — |
| Q3 2026 | -$2.34 | +$2.17 |
| Q2 2026 | -$2.22 | +$2.48 |
| Q1 2026 | -$2.80 | +$1.77 |
| Q4 2025 | -$6.28 | -$5.98 |
| Q3 2025 | -$4.51 | -$4.15 |
| Q2 2025 | -$4.70 | -6814% |
| Q1 2025 | -$4.57 | -22950% |
| Q4 2024 | -$0.30 | -288% |
FORR lost $2.34 per share over the past year, a smaller 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 has the edge over FORR 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.
FORR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $86.1M | -8.7% |
| Q2 2026 | $100.2M | -10% |
| Q1 2026 | $85.5M | -4.9% |
| Q4 2025 | $101.1M | -6.5% |
| Q3 2025 | $94.3M | -8% |
| Q2 2025 | $111.7M | -8.3% |
| Q1 2025 | $89.9M | -10% |
| Q4 2024 | $108M | -8.5% |
FORR's revenue has slid since its 2022 peak: $86M last quarter, down 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | -2 points |
| Q2 2026 | 3.4% | -2.8 points |
| Q1 2026 | -22% | +76 points |
| Q4 2025 | -37% | -36 points |
| Q3 2025 | 4.7% | +5.4 points |
| Q2 2025 | 6.2% | -3.1 points |
| Q1 2025 | -97% | -88 points |
| Q4 2024 | -0.5% | +0.7 points |
FORR 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 FORR on cash flow, with more consistent year-over-year improvement.
FORR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.9M | +253% |
| Q2 2026 | -$12.6M | -$8.4M |
| Q1 2026 | $19.4M | -26% |
| Q4 2025 | -$4.3M | -$1.8M |
| Q3 2025 | $524K | +$747K |
| Q2 2025 | -$4.2M | -$493K |
| Q1 2025 | $26.1M | +$26.9M |
| Q4 2024 | -$2.5M | -124% |
FORR still generates free cash flow, though less than at its 2021 peak: $4M 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 | — |
FORR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -539K shares |
| 1 year | -1% | -197K shares |
| 3 years | -1.9% | -373K shares |
| 5 years | -2.4% | -472K shares |
| Available history | +2.3% | +424K shares |
FORR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.3M |
| Q4 2025 | $133,000 |
| Q3 2025 | $2.4M |
| Q2 2025 | $44,000 |
| Q1 2025 | — |
| Q4 2024 | $2.9M |
| Q3 2024 | $5M |
| Q2 2024 | $3.9M |
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.
FORR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -1.2x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.0x | Net Cash |
| Q1 2024 | -1.2x | Net Cash |
| Q4 2023 | -1.4x | Net Cash |
| Q3 2023 | -2.5x | Net Cash |
| Q2 2023 | -2.5x | Net Cash |
| Q1 2023 | -1.6x | Net Cash |
FORR has more cash than debt.
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).
FORR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.9 | Neutral |
| Stochastic | 27.6 | Neutral |
FORR's weekly RSI is 45 (neutral) and its Stochastic is 28 (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.
FORR PE vs Industrials Sector
| Metric | FORR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
FORR 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.
FORR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 16% below |
| 20 week MA | $11.0 | 17% below |
| 50 week MA | $8.46 | 8.2% above |
| 100 week MA | $9.55 | 4.2% below |
| 200 week MA | $17.0 | 46% below |
FORR 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.
FORR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.9 | $40.4 | -3.6% |
| 2021 | $40.4 | $58.7 | +45% |
| 2022 | $58.7 | $34.4 | -41% |
| 2023 | $34.4 | $26.8 | -22% |
| 2024 | $26.8 | $15.7 | -41% |
| 2025 | $15.7 | $7.25 | -54% |
| 2026 YTD | $7.25 | $9.15 | +26% |
FORR has the edge over BA on returns for 2026, with the stronger performance.