BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
IEX
IDEX Corporation
IEX has the edge over BA overall, supported by lower modeled downside 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.
IEX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
IEX's profitability, cash flow and balance sheet are currently healthy, and its revenue is 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 IEX in the historical PE scenario, which offers more potential upside but is not a forecast.
IEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $238 | — |
| Cheap | 27x | $194 | -18% |
| Fair | 30x | $219 | -8.1% |
| Current | 33x | $238 | — |
| Expensive | 39x | $279 | +17% |
Historical ranges are pointers, not guarantees.
IEX's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 25x 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.
IEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for IEX, 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 IEX on earnings, with more consistent year-over-year improvement.
IEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.57 | +33% |
| Q3 2026 | $7.20 | +14% |
| Q2 2026 | $6.95 | +12% |
| Q1 2026 | $6.76 | +7.3% |
| Q4 2025 | $6.41 | -3.5% |
| Q3 2025 | $6.31 | -2.5% |
| Q2 2025 | $6.18 | -19% |
| Q1 2025 | $6.30 | -17% |
| Q4 2024 | $6.64 | -15% |
IEX earned $7.20 per share over the past year, up 14% 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'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.
IEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $951.7M | +8.3% |
| Q2 2026 | $920.6M | +6.4% |
| Q1 2026 | $886.9M | +8.9% |
| Q4 2025 | $899.1M | +4.2% |
| Q3 2025 | $878.7M | +10% |
| Q2 2025 | $865.4M | +7.2% |
| Q1 2025 | $814.3M | +1.7% |
| Q4 2024 | $862.9M | +9.4% |
IEX's revenue has grown year over year for nine quarters in a row: $952M last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +0.7 points |
| Q2 2026 | 22% | 0 points |
| Q1 2026 | 19% | +2 points |
| Q4 2025 | 20% | +1.3 points |
| Q3 2025 | 21% | +0.1 points |
| Q2 2025 | 22% | -0.9 points |
| Q1 2025 | 17% | -2.7 points |
| Q4 2024 | 19% | -1.2 points |
IEX 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 IEX on cash flow, with more consistent year-over-year improvement.
IEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $214.3M | +14% |
| Q2 2026 | $177M | +20% |
| Q1 2026 | $86M | -5.9% |
| Q4 2025 | $189.8M | +21% |
| Q3 2025 | $188.7M | -1.5% |
| Q2 2025 | $146.9M | +25% |
| Q1 2025 | $91.4M | -33% |
| Q4 2024 | $157.1M | -12% |
IEX's free cash flow has been positive every quarter for seven years: $667M over the past year, up 14% 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 | — |
IEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -200K shares |
| 1 year | -1.6% | -1.2M shares |
| 3 years | -2.5% | -1.9M shares |
| 5 years | -3.2% | -2.5M shares |
| Available history | -3.4% | -2.6M shares |
IEX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $74.6M |
| Q2 2026 | $77.1M |
| Q1 2026 | $76.3M |
| Q4 2025 | $72.8M |
| Q3 2025 | $75M |
| Q2 2025 | $50M |
| Q1 2025 | $50M |
| Q4 2024 | — |
IEX spent $301M buying back its own shares over the past year, up 72% from 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.
IEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
IEX 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).
IEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.3 | Neutral |
| Stochastic | 57.2 | Neutral |
IEX's weekly RSI is 61 (neutral) and its Stochastic is 57 (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 IEX on valuation relative to its sector.
IEX PE vs Industrials Sector
| Metric | IEX | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 37% above |
| PE % | 71 | 58 | 13 pts above |
IEX is trading at 33x earnings, a 37% 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.
IEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $232.6 | 2.3% above |
| 20 week MA | $229.8 | 3.6% above |
| 50 week MA | $212.1 | 12% above |
| 100 week MA | $196.2 | 21% above |
| 200 week MA | $205.5 | 16% above |
IEX 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.
IEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $172.6 | $196.6 | +14% |
| 2021 | $196.6 | $230.6 | +17% |
| 2022 | $230.6 | $229.3 | -0.6% |
| 2023 | $229.3 | $217.1 | -5.3% |
| 2024 | $217.1 | $211.1 | -2.8% |
| 2025 | $211.1 | $180.3 | -15% |
| 2026 YTD | $180.3 | $238.0 | +32% |
IEX has the edge over BA on returns for 2026, with the stronger performance.