BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GXO
GXO Logistics, Inc.
GXO has the edge over BA overall, supported by stronger modeled upside and lower modeled downside.
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.
GXO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
GXO's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is 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 GXO in the historical PE scenario, which offers more potential upside but is not a forecast.
GXO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $54.33 | — |
| Cheap | 29x | $33.62 | -38% |
| Fair | 41x | $47.10 | -13% |
| Current | 47x | $54.33 | — |
| Expensive | 75x | $86.46 | +59% |
Historical ranges are pointers, not guarantees.
GXO's PE is in its fair range at 47x. If earnings grow as analysts expect, today's price would be 16x 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.
GXO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GXO, 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 the edge over GXO on earnings, with more consistent year-over-year improvement.
GXO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +197% |
| Q3 2026 | $1.16 | +53% |
| Q2 2026 | $1.11 | +109% |
| Q1 2026 | $1.12 | +81% |
| Q4 2025 | $0.28 | -75% |
| Q3 2025 | $0.76 | -16% |
| Q2 2025 | $0.53 | -55% |
| Q1 2025 | $0.62 | -56% |
| Q4 2024 | $1.12 | -42% |
GXO's earnings per share have fallen from their peak: $1.16 over the past year, against $1.92 in late 2023.
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.
GXO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.6B | +5.7% |
| Q2 2026 | $3.4B | +4.3% |
| Q1 2026 | $3.3B | +11% |
| Q4 2025 | $3.5B | +7.9% |
| Q3 2025 | $3.4B | +7.5% |
| Q2 2025 | $3.3B | +16% |
| Q1 2025 | $3B | +21% |
| Q4 2024 | $3.3B | +25% |
GXO's revenue has grown year over year every quarter since early 2021: $3.6B last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | -0.8 points |
| Q2 2026 | 2.2% | -0.5 points |
| Q1 2026 | 1.2% | +3.1 points |
| Q4 2025 | 2.7% | -0.4 points |
| Q3 2025 | 3.5% | +0.9 points |
| Q2 2025 | 2.7% | +0.1 points |
| Q1 2025 | -1.9% | -0.3 points |
| Q4 2024 | 3.1% | -0.3 points |
GXO 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 GXO on cash flow, with more consistent year-over-year improvement.
GXO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $82M | -6.8% |
| Q2 2026 | $11M | +$55M |
| Q1 2026 | -$34M | +$15M |
| Q4 2025 | $115M | +40% |
| Q3 2025 | $88M | -15% |
| Q2 2025 | -$44M | -263% |
| Q1 2025 | -$49M | -$26M |
| Q4 2024 | $82M | -44% |
GXO still generates free cash flow, though less than at its 2023 peak: $174M 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 | — |
GXO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -1.1M shares |
| 1 year | -0.6% | -693K shares |
| 3 years | -4.2% | -5M shares |
| 5 years | -1.2% | -1.4M shares |
| Available history | 0% | +33.9K shares |
GXO has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $84M |
| Q2 2026 | $18M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $94M |
| Q1 2025 | $106M |
| Q1 2021 | — |
GXO spent $102M buying back its own shares over the past year.
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 GXO on leverage, with a lower net debt burden relative to earnings.
GXO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 3.8x | Elevated |
| Q4 2024 | 3.5x | Elevated |
GXO's net debt is about 3.2 years of its operating earnings (EBITDA), about the same as 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).
GXO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 73.7 | Neutral |
GXO's weekly RSI is 60 (neutral) and its Stochastic is 74 (neutral).
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 GXO on valuation relative to its sector.
GXO PE vs Industrials Sector
| Metric | GXO | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 24x | 95% above |
| PE % | 65 | 63 | 2 pts above |
GXO is trading at 47x earnings, a 95% 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.
GXO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.2 | 10% above |
| 20 week MA | $49.2 | 10% above |
| 50 week MA | $52.3 | 3.9% above |
| 100 week MA | $49.0 | 11% above |
| 200 week MA | $51.9 | 4.7% above |
GXO 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.
GXO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $60.0 | $91.8 | +53% |
| 2022 | $91.8 | $43.0 | -53% |
| 2023 | $43.0 | $61.2 | +42% |
| 2024 | $61.2 | $42.8 | -30% |
| 2025 | $42.8 | $53.8 | +26% |
| 2026 YTD | $53.8 | $54.3 | +1% |
GXO has the edge over BA on returns for 2026, with the stronger performance.