BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HAYW
Hayward Holdings, Inc.
HAYW has the edge over BA overall, supported by stronger valuation and stronger modeled upside.
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.
HAYW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Stable |
HAYW's profitability is currently strong, and its revenue, cash flow 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 HAYW in the historical PE scenario, which offers more potential upside but is not a forecast.
HAYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.5x | $7.41 | -56% |
| Forward | 18x | $16.69 | — |
| Current | 21x | $16.69 | — |
| Fair | 25x | $19.73 | +18% |
| Expensive | 37x | $29.13 | +75% |
Historical ranges are pointers, not guarantees.
HAYW's PE is in its fair range at 21x. 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.
HAYW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HAYW, 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.
HAYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.91 | +16% |
| Q3 2026 | $0.78 | +24% |
| Q2 2026 | $0.74 | +25% |
| Q1 2026 | $0.73 | +30% |
| Q4 2025 | $0.68 | +26% |
| Q3 2025 | $0.63 | +47% |
| Q2 2025 | $0.59 | +44% |
| Q1 2025 | $0.56 | +51% |
| Q4 2024 | $0.54 | +46% |
HAYW 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.
HAYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $260.1M | +6.5% |
| Q2 2026 | $318.4M | +6.3% |
| Q1 2026 | $255.2M | +12% |
| Q4 2025 | $349.4M | +6.8% |
| Q3 2025 | $244.3M | +7.4% |
| Q2 2025 | $299.6M | +5.3% |
| Q1 2025 | $228.8M | +7.7% |
| Q4 2024 | $327.1M | +17% |
HAYW's revenue has grown year over year for 12 quarters in a row: $260M last quarter, up 6.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.5 points |
| Q2 2026 | 24% | 0 points |
| Q1 2026 | 17% | +2 points |
| Q4 2025 | 25% | +1.6 points |
| Q3 2025 | 17% | +2.1 points |
| Q2 2025 | 24% | -0.1 points |
| Q1 2025 | 15% | +0.1 points |
| Q4 2024 | 23% | +3.5 points |
HAYW 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 HAYW on cash flow, with more consistent year-over-year improvement.
HAYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43M | -51% |
| Q2 2026 | $311.9M | +67% |
| Q1 2026 | -$157.8M | -$146.4M |
| Q4 2025 | -$35.8M | +$34.6M |
| Q3 2025 | $87.2M | +48% |
| Q2 2025 | $187.3M | -34% |
| Q1 2025 | -$11.4M | +$71.8M |
| Q4 2024 | -$70.4M | -$29.7M |
HAYW still generates free cash flow, though less than at its 2026 peak: $161M 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 | — |
HAYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -4.3M shares |
| 1 year | -2.6% | -5.9M shares |
| 3 years | -2% | -4.3M shares |
| 5 years | -11% | -27.3M shares |
| Available history | -6.5% | -15.2M shares |
HAYW has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $51M |
| Q2 2026 | $58.5M |
| Q1 2026 | $5.9M |
| Q4 2025 | $3.9M |
| Q3 2025 | $68,000 |
| Q2 2025 | $80,000 |
| Q1 2025 | $993,000 |
| Q4 2023 | $118,000 |
HAYW spent $119M 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's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
HAYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.9x | Moderate |
HAYW 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).
HAYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 89.4 | Overbought |
HAYW's weekly RSI is 63 (neutral) and its Stochastic is 89 (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 HAYW on valuation relative to its sector.
HAYW PE vs Industrials Sector
| Metric | HAYW | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 34 | 59 | 25 pts below |
HAYW is trading at 21x earnings, a 11% discount 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.
HAYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 21% above |
| 20 week MA | $14.3 | 17% above |
| 50 week MA | $14.9 | 12% above |
| 100 week MA | $14.8 | 13% above |
| 200 week MA | $14.1 | 19% above |
HAYW 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.
HAYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $17.0 | $24.6 | +44% |
| 2022 | $24.6 | $9.38 | -62% |
| 2023 | $9.38 | $13.6 | +45% |
| 2024 | $13.6 | $15.4 | +14% |
| 2025 | $15.4 | $15.9 | +3.2% |
| 2026 YTD | $15.9 | $16.7 | +4.7% |
HAYW has the edge over BA on returns for 2026, with the stronger performance.