BA
The Boeing Company
BA's outlook is improving, though it still trails on the overall score.
HXL
Hexcel Corporation
HXL has the edge over BA overall, supported by stronger modeled upside and stronger valuation.
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.
HXL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
HXL's profitability and cash flow are currently healthy, and its revenue 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 HXL in the historical PE scenario, which offers more potential upside but is not a forecast.
HXL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $79.91 | — |
| Cheap | 32x | $71.17 | -11% |
| Current | 36x | $79.91 | — |
| Fair | 47x | $105 | +31% |
| Expensive | 66x | $146 | +83% |
Historical ranges are pointers, not guarantees.
HXL's PE is in its cheap range at 36x. If earnings grow 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 |
Analysts expect BA to return to profit, with revenue growing. However, they disagree widely on these estimates.
HXL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HXL, 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.
HXL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.72 | +23% |
| Q3 2026 | $2.22 | +161% |
| Q2 2026 | $1.98 | +83% |
| Q1 2026 | $1.51 | 0% |
| Q4 2025 | $1.37 | -14% |
| Q3 2025 | $0.85 | -35% |
| Q2 2025 | $1.08 | -15% |
| Q1 2025 | $1.51 | +29% |
| Q4 2024 | $1.59 | +28% |
HXL's earnings per share have fallen from their peak: $2.22 over the past year, against $3.57 in late 2019.
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 HXL 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.
HXL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $496.4M | +8.8% |
| Q2 2026 | $529.3M | +8% |
| Q1 2026 | $501.5M | +9.9% |
| Q4 2025 | $491.3M | +3.7% |
| Q3 2025 | $456.2M | -0.1% |
| Q2 2025 | $489.9M | -2.1% |
| Q1 2025 | $456.5M | -3.3% |
| Q4 2024 | $473.8M | +3.6% |
HXL's revenue has grown year over year for four quarters in a row: $496M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +3.1 points |
| Q2 2026 | 14% | +7.6 points |
| Q1 2026 | 11% | +1.8 points |
| Q4 2025 | 13% | +11 points |
| Q3 2025 | 7.9% | -3.6 points |
| Q2 2025 | 6.1% | -8.2 points |
| Q1 2025 | 9.7% | -1.5 points |
| Q4 2024 | 1.9% | -8.5 points |
HXL 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 HXL on cash flow, with more consistent year-over-year improvement.
HXL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $50.7M | -47% |
| Q2 2026 | $58M | +625% |
| Q1 2026 | -$6.2M | +$48.4M |
| Q4 2025 | $107.3M | -25% |
| Q3 2025 | $96.5M | +32% |
| Q2 2025 | $8M | -62% |
| Q1 2025 | -$54.6M | -$18.9M |
| Q4 2024 | $144M | -0.8% |
HXL generated $210M in free cash flow over the past year, up 8.2% 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 | — |
HXL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +200K shares |
| 1 year | -4.5% | -3.6M shares |
| 3 years | -10% | -8.9M shares |
| 5 years | -9.4% | -8M shares |
| Available history | -11% | -9.1M shares |
HXL has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $353.4M |
| Q3 2025 | — |
| Q2 2025 | $50.5M |
| Q1 2025 | $50.4M |
| Q4 2024 | — |
HXL spent $353M buying back its own shares over the past year, about four times what it spent the year before.
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.
HXL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 1.9x | Healthy |
HXL 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).
HXL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 8.0 | Oversold |
HXL's weekly RSI is 40 (neutral) and its Stochastic is 8 (oversold).
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 HXL on valuation relative to its sector.
HXL PE vs Industrials Sector
| Metric | HXL | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 50% above |
| PE % | 24 | 58 | 34 pts below |
HXL is trading at 36x earnings, a 50% 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.
HXL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.1 | 3.9% below |
| 20 week MA | $92.5 | 14% below |
| 50 week MA | $88.3 | 9.5% below |
| 100 week MA | $74.5 | 7.2% above |
| 200 week MA | $71.2 | 12% above |
HXL 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.
HXL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $73.8 | $48.8 | -34% |
| 2021 | $48.8 | $51.4 | +5.3% |
| 2022 | $51.4 | $58.0 | +13% |
| 2023 | $58.0 | $73.8 | +27% |
| 2024 | $73.8 | $63.1 | -14% |
| 2025 | $63.1 | $76.1 | +21% |
| 2026 YTD | $76.1 | $79.9 | +5% |
HXL has the edge over BA on returns for 2026, with the stronger performance.