BA
The Boeing Company
BA has the edge over J overall, supported by stronger valuation and stronger fundamentals.
J
Jacobs Solutions Inc.
J's outlook is improving despite an expensive 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.
J Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Under pressure |
J's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet 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 J in the historical PE scenario, which offers more potential upside but is not a forecast.
J PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $159 | — |
| Cheap | 22x | $61.39 | -61% |
| Fair | 29x | $80.58 | -49% |
| Expensive | 41x | $116 | -27% |
| Current | 56x | $159 | — |
Historical ranges are pointers, not guarantees.
J's PE is in its expensive range at 56x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over J on the outlook, with more favorable revenue expectations.
J Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect J's earnings to grow and its profitability to improve, with its revenue holding steady.
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 J on earnings, with more consistent year-over-year improvement.
J Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.17 | +191% |
| Q2 2026 | $2.81 | -30% |
| Q1 2026 | $3.21 | -12% |
| Q4 2025 | $3.61 | -26% |
| Q3 2025 | $2.38 | -62% |
| Q2 2025 | $4.01 | -21% |
| Q1 2025 | $3.63 | -30% |
| Q4 2024 | $4.85 | -14% |
| Q3 2024 | $6.33 | +19% |
J's earnings per share have fallen from their peak: $2.81 over the past year, against $7.16 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 J 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.
J Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.1B | +34% |
| Q1 2026 | $3.7B | +27% |
| Q4 2025 | $3.3B | +12% |
| Q3 2025 | $3.2B | +6.6% |
| Q2 2025 | $3B | -28% |
| Q1 2025 | $2.9B | -32% |
| Q4 2024 | $2.9B | -29% |
| Q3 2024 | $3B | -31% |
J's revenue has grown year over year for four quarters in a row: $4.1B last quarter, up 34% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7% | -0.7 points |
| Q1 2026 | -2.2% | -9.4 points |
| Q4 2025 | 7.1% | -0.1 points |
| Q3 2025 | 6.7% | +0.1 points |
| Q2 2025 | 7.8% | +1.6 points |
| Q1 2025 | 7.2% | +0.6 points |
| Q4 2024 | 7.1% | +2.2 points |
| Q3 2024 | 6.6% | +0.1 points |
J 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 J on cash flow, with more consistent year-over-year improvement.
J Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $431M | +59% |
| Q1 2026 | -$504.9M | -$391.2M |
| Q4 2025 | $364.9M | +276% |
| Q3 2025 | $353.5M | +123% |
| Q2 2025 | $270.5M | -39% |
| Q1 2025 | -$113.7M | -$43.1M |
| Q4 2024 | $97.1M | -76% |
| Q3 2024 | $158.2M | -12% |
J still generates free cash flow, though less than at its 2024 peak: $645M over the past year.
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 | — |
J Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.4% | +1.6M shares |
| 1 year | -1.3% | -1.6M shares |
| 3 years | -6.5% | -8.2M shares |
| 5 years | -9.5% | -12.5M shares |
| Available history | -15% | -20.3M shares |
J has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $142.2M |
| Q1 2026 | $219.8M |
| Q4 2025 | $252.1M |
| Q3 2025 | $100.9M |
| Q2 2025 | $100.8M |
| Q1 2025 | $350.8M |
| Q4 2024 | $201.6M |
| Q3 2024 | $56.3M |
J spent $715M buying back its own shares over the past year, about the same as 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 has the edge over J on leverage, with a lower net debt burden relative to earnings.
J Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.2x | Healthy |
| Q3 2024 | 1.0x | Healthy |
J's net debt is about 3.3 years of its operating earnings (EBITDA), up from 1.3 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).
J Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.3 | Neutral |
| Stochastic | 79.5 | Neutral |
J's weekly RSI is 65 (neutral) and its Stochastic is 79 (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 J on valuation relative to its sector.
J PE vs Industrials Sector
| Metric | J | Sector median | Relative |
|---|---|---|---|
| PE | 56x | 24x | 135% above |
| PE % | 96 | 58 | 38 pts above |
J is trading at 56x earnings, a 135% 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.
J Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $145.5 | 9.1% above |
| 20 week MA | $142.1 | 12% above |
| 50 week MA | $135.0 | 18% above |
| 100 week MA | $135.1 | 17% above |
| 200 week MA | $124.1 | 28% above |
J 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.
J Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.1 | $88.7 | +20% |
| 2021 | $88.7 | $113.6 | +28% |
| 2022 | $113.6 | $100.0 | -12% |
| 2023 | $100.0 | $107.4 | +7.4% |
| 2024 | $107.4 | $133.7 | +25% |
| 2025 | $133.7 | $135.3 | +1.2% |
| 2026 YTD | $135.3 | $158.7 | +17% |
J has the edge over BA on returns for 2026, with the stronger performance.