BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GTES
Gates Industrial Corporation plc
GTES has the edge over BA overall, supported by stronger modeled upside and stronger 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.
GTES Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
GTES's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
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 GTES in the historical PE scenario, which offers more potential upside but is not a forecast.
GTES PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $25.35 | — |
| Cheap | 15x | $20.85 | -18% |
| Current | 18x | $25.35 | — |
| Fair | 20x | $28.21 | +11% |
| Expensive | 31x | $44.49 | +76% |
Historical ranges are pointers, not guarantees.
GTES's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 13x 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.
GTES Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GTES, 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.
GTES Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.89 | +32% |
| Q3 2026 | $1.43 | +55% |
| Q2 2026 | $1.40 | +77% |
| Q1 2026 | $0.95 | +14% |
| Q4 2025 | $0.96 | +30% |
| Q3 2025 | $0.92 | +12% |
| Q2 2025 | $0.79 | -15% |
| Q1 2025 | $0.83 | -7.8% |
| Q4 2024 | $0.74 | -12% |
GTES 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 GTES 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.
GTES Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $903.6M | +5.6% |
| Q2 2026 | $941.6M | +6.6% |
| Q1 2026 | $851.1M | +0.4% |
| Q4 2025 | $856.2M | +3.2% |
| Q3 2025 | $855.7M | +3% |
| Q2 2025 | $883.7M | -0.2% |
| Q1 2025 | $847.6M | -1.7% |
| Q4 2024 | $829.4M | -3.9% |
GTES's revenue grew through 2021 and has held roughly level since: $904M last quarter, up 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 13% | -1.8 points |
| Q4 2025 | 13% | -0.9 points |
| Q3 2025 | 13% | -0.1 points |
| Q2 2025 | 13% | -2.3 points |
| Q1 2025 | 15% | +1.2 points |
| Q4 2024 | 14% | -0.3 points |
GTES 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 GTES on cash flow, with more consistent year-over-year improvement.
GTES Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $42.4M | -47% |
| Q2 2026 | $60.3M | -28% |
| Q1 2026 | $13.5M | +$23.7M |
| Q4 2025 | $251M | +50% |
| Q3 2025 | $80.5M | -14% |
| Q2 2025 | $83.6M | +16% |
| Q1 2025 | -$10.2M | +$26.8M |
| Q4 2024 | $167.6M | -0.1% |
GTES generated $367M in free cash flow over the past year, up 14% from 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 | — |
GTES Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -552K shares |
| 1 year | -2.3% | -6M shares |
| 3 years | -4.6% | -12.3M shares |
| 5 years | -15% | -44.1M shares |
| Available history | -12% | -36M shares |
GTES has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.4M |
| Q2 2026 | $22.1M |
| Q1 2026 | $16.6M |
| Q4 2025 | $106.3M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $13M |
| Q4 2024 | — |
GTES spent $202M buying back its own shares over the past year, more than ten 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.
GTES Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.4x | Moderate |
GTES 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).
GTES Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 20.0 | Neutral |
GTES's weekly RSI is 48 (neutral) and its Stochastic is 20 (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.
GTES PE vs Industrials Sector
| Metric | GTES | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 35 | 58 | 23 pts below |
GTES has the edge over BA on valuation relative to its sector.
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.
GTES Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.7 | 1.2% below |
| 20 week MA | $26.3 | 3.5% below |
| 50 week MA | $25.2 | 0.6% above |
| 100 week MA | $23.7 | 7.1% above |
| 200 week MA | $19.3 | 31% above |
GTES 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.
GTES Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $13.1 | -4.5% |
| 2021 | $13.1 | $15.4 | +18% |
| 2022 | $15.4 | $11.2 | -28% |
| 2023 | $11.2 | $13.4 | +20% |
| 2024 | $13.4 | $20.7 | +54% |
| 2025 | $20.7 | $22.0 | +6.3% |
| 2026 YTD | $22.0 | $25.4 | +15% |
GTES has the edge over BA on returns for 2026, with the stronger performance.