BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HII
Huntington Ingalls Industries, Inc.
HII has a slight 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.
HII Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Stable |
HII's revenue and profitability are currently healthy, and its balance sheet is stable, but its cash flow 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 HII in the historical PE scenario, which offers more potential upside but is not a forecast.
HII PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $215 | -30% |
| Fair | 15x | $285 | -7.6% |
| Forward | 15x | $308 | — |
| Current | 17x | $308 | — |
| Expensive | 19x | $346 | +12% |
Historical ranges are pointers, not guarantees.
HII's PE is in its expensive range at 17x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair range.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over HII on the outlook, with more favorable profitability expectations.
HII Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for HII, with profitability holding steady. However, they disagree widely on these estimates.
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.
HII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.05 | +7.8% |
| Q3 2026 | $18.60 | +28% |
| Q2 2026 | $16.80 | +26% |
| Q1 2026 | $15.39 | +11% |
| Q4 2025 | $15.39 | +10% |
| Q3 2025 | $14.48 | -18% |
| Q2 2025 | $13.36 | -29% |
| Q1 2025 | $13.88 | -22% |
| Q4 2024 | $13.96 | -18% |
HII earned $18.60 per share over the past year, up 28% from 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 HII 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.
HII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5B | +11% |
| Q2 2026 | $3.4B | +11% |
| Q1 2026 | $3.1B | +13% |
| Q4 2025 | $3.5B | +16% |
| Q3 2025 | $3.2B | +16% |
| Q2 2025 | $3.1B | +3.5% |
| Q1 2025 | $2.7B | -2.5% |
| Q4 2024 | $3B | -5.4% |
HII's revenue has grown year over year for six quarters in a row: $3.5B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7% | +1.9 points |
| Q2 2026 | 6.1% | +0.8 points |
| Q1 2026 | 5% | -0.9 points |
| Q4 2025 | 5% | +1.3 points |
| Q3 2025 | 5% | +2.1 points |
| Q2 2025 | 5.3% | -1.1 points |
| Q1 2025 | 5.9% | +0.4 points |
| Q4 2024 | 3.7% | -6.2 points |
HII 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 HII on cash flow, with more consistent year-over-year improvement.
HII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $425M | +2556% |
| Q2 2026 | -$150M | -121% |
| Q1 2026 | -$464M | -$2M |
| Q4 2025 | $516M | +86% |
| Q3 2025 | $16M | -87% |
| Q2 2025 | $730M | +$829M |
| Q1 2025 | -$462M | -$185M |
| Q4 2024 | $277M | -36% |
HII generated $327M in free cash flow over the past year, down 42% 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 | — |
HII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +100K shares |
| 1 year | +0.5% | +200K shares |
| 3 years | -1% | -400K shares |
| 5 years | -1.7% | -700K shares |
| Available history | -4.3% | -1.8M shares |
HII has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | $35M |
| Q2 2024 | $65M |
| Q1 2024 | $62M |
| Q4 2023 | $38M |
| Q3 2023 | $21M |
| Q2 2023 | $7M |
| Q1 2023 | $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.
HII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.8x | Moderate |
HII 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).
HII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.2 | Neutral |
| Stochastic | 62.3 | Neutral |
HII's weekly RSI is 52 (neutral) and its Stochastic is 62 (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.
HII PE vs Industrials Sector
| Metric | HII | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 24x | 31% below |
| PE % | 69 | 58 | 11 pts above |
HII 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.
HII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $282.2 | 9.3% above |
| 20 week MA | $290.1 | 6.3% above |
| 50 week MA | $335.8 | 8.2% below |
| 100 week MA | $287.3 | 7.3% above |
| 200 week MA | $262.5 | 17% above |
HII 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.
HII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $251.1 | $165.4 | -34% |
| 2021 | $165.4 | $182.2 | +10% |
| 2022 | $182.2 | $230.1 | +26% |
| 2023 | $230.1 | $259.6 | +13% |
| 2024 | $259.6 | $190.4 | -27% |
| 2025 | $190.4 | $351.1 | +84% |
| 2026 YTD | $351.1 | $308.3 | -12% |
HII has the edge over BA on returns for 2026, with the stronger performance.