BA
The Boeing Company
BA has the edge over HRI overall, supported by stronger valuation and lower modeled downside.
HRI
Herc Holdings Inc.
HRI 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.
HRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
HRI's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
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 HRI in the historical PE scenario, which offers more potential upside but is not a forecast.
HRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $44.73 | -73% |
| Forward | 16x | $167 | — |
| Fair | 18x | $70.08 | -58% |
| Expensive | 31x | $122 | -27% |
| Current | 43x | $167 | — |
Historical ranges are pointers, not guarantees.
HRI's PE is in its expensive range at 43x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair 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.
HRI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HRI, 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 HRI on earnings, with more consistent year-over-year improvement.
HRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.66 | +175% |
| Q3 2026 | $3.88 | +$6.41 |
| Q2 2026 | $1.68 | +98% |
| Q1 2026 | -$0.06 | -101% |
| Q4 2025 | $0.03 | -100% |
| Q3 2025 | -$2.53 | -121% |
| Q2 2025 | $0.85 | -93% |
| Q1 2025 | $4.48 | -63% |
| Q4 2024 | $7.40 | -39% |
HRI has returned to profit: it earned $3.88 per share over the past year, after losing money 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'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.
HRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +4.6% |
| Q2 2026 | $1.2B | +20% |
| Q1 2026 | $1.1B | +32% |
| Q4 2025 | $1.2B | +27% |
| Q3 2025 | $1.3B | +35% |
| Q2 2025 | $1B | +18% |
| Q1 2025 | $861M | +7.1% |
| Q4 2024 | $951M | +14% |
HRI has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +5.9 points |
| Q2 2026 | 2% | +6.6 points |
| Q1 2026 | -2% | -1.1 points |
| Q4 2025 | 1.4% | +5.9 points |
| Q3 2025 | 2.9% | -14 points |
| Q2 2025 | -4.6% | -16 points |
| Q1 2025 | -0.9% | -11 points |
| Q4 2024 | -4.5% | -30 points |
HRI 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 HRI on cash flow, with more consistent year-over-year improvement.
HRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $335M | +6.3% |
| Q2 2026 | $273M | +41% |
| Q1 2026 | $236M | +71% |
| Q4 2025 | $281M | -5.4% |
| Q3 2025 | $315M | +13% |
| Q2 2025 | $194M | -30% |
| Q1 2025 | $138M | -34% |
| Q4 2024 | $297M | +800% |
HRI's free cash flow has been positive every quarter for seven years: $1.1B over the past year, up 19% 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 | — |
HRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.6% | +200K shares |
| 3 years | +18% | +5M shares |
| 5 years | +9.8% | +3M shares |
| Available history | +15% | +4.4M shares |
HRI has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $13M |
| Q3 2023 | — |
| Q2 2023 | $63M |
| Q1 2023 | $44M |
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 HRI on leverage, with a lower net debt burden relative to earnings.
HRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 18.3x | High |
| Q2 2026 | 22.5x | High |
| Q1 2026 | 31.8x | High |
| Q4 2025 | 35.5x | High |
| Q3 2025 | 65.6x | High |
| Q2 2025 | 39.3x | High |
| Q1 2025 | 12.0x | High |
| Q4 2024 | 9.6x | High |
HRI's net debt is about 18 years of its operating earnings (EBITDA), down from more than 20 years 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).
HRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.3 | Neutral |
| Stochastic | 73.8 | Neutral |
HRI's weekly RSI is 58 (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 HRI on valuation relative to its sector.
HRI PE vs Industrials Sector
| Metric | HRI | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 24x | 78% above |
| PE % | 89 | 58 | 31 pts above |
HRI is trading at 43x earnings, a 78% 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.
HRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $141.4 | 18% above |
| 20 week MA | $147.4 | 13% above |
| 50 week MA | $141.9 | 17% above |
| 100 week MA | $141.5 | 18% above |
| 200 week MA | $142.0 | 17% above |
HRI 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.
HRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $49.1 | $66.6 | +35% |
| 2021 | $66.6 | $158.5 | +138% |
| 2022 | $158.5 | $129.5 | -18% |
| 2023 | $129.5 | $148.9 | +15% |
| 2024 | $148.9 | $189.6 | +27% |
| 2025 | $189.6 | $156.5 | -17% |
| 2026 YTD | $156.5 | $166.5 | +6.4% |
HRI has the edge over BA on returns for 2026, with the stronger performance.