BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
KBR
KBR, Inc.
KBR has the edge over BA overall, supported by stronger valuation and lower modeled downside.
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.
KBR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Stable |
KBR's profitability is currently healthy, and its revenue and balance sheet are stable, but its cash flow 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 KBR in the historical PE scenario, which offers more potential upside but is not a forecast.
KBR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9x | $35.32 | — |
| Current | 10x | $35.32 | — |
| Cheap | 13x | $44.16 | +25% |
| Fair | 23x | $80.26 | +127% |
| Expensive | 50x | $175 | +395% |
Historical ranges are pointers, not guarantees.
KBR's PE is in its cheap range at 10x. On analysts' estimates for next year's earnings, today's price would be 9.0x.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over KBR on the outlook, with more favorable earnings and profitability expectations.
KBR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect KBR's revenue to grow, but its profitability to weaken.
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.
KBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.90 | +12% |
| Q3 2026 | $3.48 | +20% |
| Q2 2026 | $3.32 | +21% |
| Q1 2026 | $3.13 | +5% |
| Q4 2025 | $3.21 | +15% |
| Q3 2025 | $2.90 | +17% |
| Q2 2025 | $2.75 | +76% |
| Q1 2025 | $2.98 | +$4.81 |
| Q4 2024 | $2.79 | +$4.75 |
KBR has the edge over BA on earnings, with more consistent year-over-year improvement.
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 KBR 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.
KBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +5% |
| Q2 2026 | $2B | +1.6% |
| Q1 2026 | $1.9B | -6.4% |
| Q4 2025 | $1.9B | -11% |
| Q3 2025 | $1.9B | -0.8% |
| Q2 2025 | $2B | +5.2% |
| Q1 2025 | $2.1B | +13% |
| Q4 2024 | $2.1B | +23% |
KBR's revenue is recovering but still below its 2021 peak: $2B last quarter, up 5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -0.7 points |
| Q2 2026 | 8.7% | -1.3 points |
| Q1 2026 | 9.4% | -0.1 points |
| Q4 2025 | 10% | +3.4 points |
| Q3 2025 | 9.9% | +1 points |
| Q2 2025 | 9.9% | +0.2 points |
| Q1 2025 | 9.5% | +0.4 points |
| Q4 2024 | 6.7% | -1.8 points |
KBR 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 KBR on cash flow, with more consistent year-over-year improvement.
KBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $163M | -14% |
| Q2 2026 | $34M | -83% |
| Q1 2026 | $98M | +10% |
| Q4 2025 | $33M | +94% |
| Q3 2025 | $190M | +34% |
| Q2 2025 | $203M | +27% |
| Q1 2025 | $89M | +35% |
| Q4 2024 | $17M | -73% |
KBR generated $328M in free cash flow over the past year, down 34% 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 | — |
KBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1M shares |
| 1 year | -1.6% | -2M shares |
| 3 years | -6.7% | -9M shares |
| 5 years | -13% | -19M shares |
| Available history | -11% | -16M shares |
KBR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $25M |
| Q1 2026 | $4M |
| Q4 2025 | $25M |
| Q3 2025 | $100M |
| Q2 2025 | $48M |
| Q1 2025 | $156M |
| Q4 2024 | $51M |
KBR spent $54M buying back its own shares over the past year, down 85% 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.
KBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.7x | Moderate |
KBR 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).
KBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 49.2 | Neutral |
KBR's weekly RSI is 45 (neutral) and its Stochastic is 49 (neutral).
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.
KBR PE vs Industrials Sector
| Metric | KBR | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 0 | 58 | 58 pts below |
KBR has the edge over BA on valuation relative to its sector.
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.
KBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.4 | 2.9% below |
| 20 week MA | $36.7 | 3.7% below |
| 50 week MA | $37.8 | 6.6% below |
| 100 week MA | $43.9 | 20% below |
| 200 week MA | $52.0 | 32% below |
KBR is in a downtrend: it's below all five of its weekly moving averages, and 32% 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.
KBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.6 | $29.7 | -2.8% |
| 2021 | $29.7 | $46.7 | +57% |
| 2022 | $46.7 | $52.3 | +12% |
| 2023 | $52.3 | $55.4 | +6% |
| 2024 | $55.4 | $57.1 | +3% |
| 2025 | $57.1 | $40.2 | -30% |
| 2026 YTD | $40.2 | $35.3 | -12% |
KBR has the edge over BA on returns for 2026, with the stronger performance.