BA
The Boeing Company
BA has the edge over HTLD overall, supported by stronger fundamentals and lower modeled downside.
HTLD
Heartland Express, Inc.
HTLD 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.
HTLD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Weak | |
| Strong |
HTLD's balance sheet is currently strong, and its profitability is stable, but its revenue and cash flow are 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
HTLD PE Valuation
HTLD has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 29x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over HTLD on the outlook, with more favorable revenue expectations.
HTLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect HTLD to return to profit, with revenue 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 the edge over HTLD on earnings quality, reporting a profit while its opponent remains loss making.
HTLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | — |
| Q3 2026 | -$0.15 | +$0.31 |
| Q2 2026 | -$0.27 | +$0.20 |
| Q1 2026 | -$0.55 | -$0.18 |
| Q4 2025 | -$0.67 | -$0.29 |
| Q3 2025 | -$0.46 | -$0.18 |
| Q2 2025 | -$0.47 | -$0.17 |
| Q1 2025 | -$0.37 | -$0.21 |
| Q4 2024 | -$0.38 | -300% |
HTLD lost $0.15 per share over the past year, a smaller loss than 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 HTLD 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 has the edge over HTLD on profitability, with a higher operating margin.
HTLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $179.5M | -8.7% |
| Q2 2026 | $184.1M | -12% |
| Q1 2026 | $176.3M | -20% |
| Q4 2025 | $179.4M | -26% |
| Q3 2025 | $196.5M | -24% |
| Q2 2025 | $210.4M | -23% |
| Q1 2025 | $219.4M | -19% |
| Q4 2024 | $242.6M | -12% |
HTLD's revenue has slid since its 2022 peak: $180M last quarter, down 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.3% | +5 points |
| Q2 2026 | 9% | +15 points |
| Q1 2026 | -1.9% | +4.9 points |
| Q4 2025 | -13% | -13 points |
| Q3 2025 | -3.7% | -0.9 points |
| Q2 2025 | -5.9% | -6 points |
| Q1 2025 | -6.8% | -1.5 points |
| Q4 2024 | 0.4% | -3.5 points |
HTLD's operating margin was 1.3% last quarter, up 5 points from the same quarter a year ago.
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 HTLD on cash generation, producing positive trailing cash flow while its opponent burns cash.
HTLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.4M | +$4.7M |
| Q2 2026 | -$34.6M | -$21.8M |
| Q1 2026 | $5.1M | +125% |
| Q4 2025 | -$44.2M | +$1.3M |
| Q3 2025 | -$12.2M | -149% |
| Q2 2025 | -$12.8M | -143% |
| Q1 2025 | $2.3M | -91% |
| Q4 2024 | -$45.5M | -601% |
HTLD has burned cash in six of the last eight quarters: −$81M over the past year, against −$68M 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 | — |
HTLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -45K shares |
| 1 year | -0.2% | -126K shares |
| 3 years | -2.2% | -1.7M shares |
| 5 years | -2.5% | -2M shares |
| Available history | -5.6% | -4.6M shares |
HTLD has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.2M |
| Q4 2025 | $35,000 |
| Q3 2025 | $1.4M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
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.
HTLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.1x | Healthy |
HTLD 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).
HTLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.5 | Neutral |
| Stochastic | 10.0 | Oversold |
HTLD's weekly RSI is 39 (neutral) and its Stochastic is 10 (oversold).
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.
HTLD PE vs Industrials Sector
| Metric | HTLD | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
HTLD has no meaningful PE right now: it lost money over the past year.
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.
HTLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 3.8% below |
| 20 week MA | $12.2 | 15% below |
| 50 week MA | $11.9 | 13% below |
| 100 week MA | $10.5 | 1.1% below |
| 200 week MA | $12.0 | 14% below |
HTLD is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
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.
HTLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.9 | $18.2 | -13% |
| 2021 | $18.2 | $16.6 | -9% |
| 2022 | $16.6 | $15.8 | -4.9% |
| 2023 | $15.8 | $14.3 | -9.5% |
| 2024 | $14.3 | $11.1 | -22% |
| 2025 | $11.1 | $9.20 | -17% |
| 2026 YTD | $9.20 | $10.4 | +13% |
HTLD has the edge over BA on returns for 2026, with the stronger performance.