BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
KMT
Kennametal Inc.
KMT has the edge over BA overall, supported by stronger valuation and stronger fundamentals.
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.
KMT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Weak | |
| Strong |
KMT's revenue, profitability and balance sheet are currently strong, but its cash flow is weak.
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 KMT in the historical PE scenario, which offers more potential upside but is not a forecast.
KMT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.2x | $24.26 | — |
| Forward | 9.6x | $24.26 | — |
| Cheap | 15x | $117 | +383% |
| Fair | 18x | $137 | +466% |
| Expensive | 27x | $206 | +750% |
Historical ranges are pointers, not guarantees.
KMT's PE is in its cheap range at 3.2x. Analysts expect earnings to fall, which would put today's price at 9.6x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over KMT on the outlook, with more favorable earnings and profitability expectations.
KMT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect KMT's revenue to grow, but its earnings and profitability to decline. 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
KMT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.54 | -67% |
| Q3 2026 | $7.60 | +523% |
| Q2 2026 | $4.42 | +268% |
| Q1 2026 | $1.77 | +27% |
| Q4 2025 | $1.43 | +17% |
| Q3 2025 | $1.22 | -4.7% |
| Q2 2025 | $1.20 | -12% |
| Q1 2025 | $1.39 | +2.2% |
| Q4 2024 | $1.22 | -19% |
KMT 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 KMT 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.
KMT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $768.2M | +54% |
| Q2 2026 | $736.6M | +43% |
| Q1 2026 | $592.6M | +22% |
| Q4 2025 | $529.5M | +9.8% |
| Q3 2025 | $498M | +3.3% |
| Q2 2025 | $516.4M | -4.9% |
| Q1 2025 | $486.4M | -5.7% |
| Q4 2024 | $482.1M | -2.7% |
KMT's revenue has grown year over year for five quarters in a row: $768M last quarter, up 54% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 49% | +42 points |
| Q2 2026 | 41% | +35 points |
| Q1 2026 | 13% | +4.3 points |
| Q4 2025 | 9.9% | +3.4 points |
| Q3 2025 | 7.5% | +0.1 points |
| Q2 2025 | 6.1% | -5.2 points |
| Q1 2025 | 9.1% | +2.2 points |
| Q4 2024 | 6.6% | +0.8 points |
KMT 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 KMT on cash generation, producing positive trailing cash flow while its opponent burns cash.
KMT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$212.1M | -$206.6M |
| Q2 2026 | -$96.9M | -270% |
| Q1 2026 | -$20.9M | -495% |
| Q4 2025 | $42.4M | +18% |
| Q3 2025 | -$5.5M | -126% |
| Q2 2025 | $57.1M | -37% |
| Q1 2025 | $5.3M | -89% |
| Q4 2024 | $35.9M | -2.6% |
KMT's free cash flow has turned negative after years in the green: −$287M 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 | — |
KMT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +696K shares |
| 1 year | +1.7% | +1.3M shares |
| 3 years | -3.2% | -2.6M shares |
| 5 years | -7.8% | -6.6M shares |
| Available history | -6% | -5M shares |
KMT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38,000 |
| Q2 2026 | $38,000 |
| Q1 2026 | — |
| Q4 2025 | $38,000 |
| Q3 2025 | $10M |
| Q2 2025 | $5M |
| Q1 2025 | $25M |
| Q4 2024 | $15M |
KMT has spent almost nothing on buybacks in the past year.
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.
KMT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
KMT 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).
KMT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.9 | Neutral |
| Stochastic | 6.8 | Oversold |
KMT's weekly RSI is 33 (neutral) and its Stochastic is 7 (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.
KMT PE vs Industrials Sector
| Metric | KMT | Sector median | Relative |
|---|---|---|---|
| PE | 3.2x | 24x | 87% below |
| PE % | 0 | 58 | 58 pts below |
KMT 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.
KMT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.0 | 16% below |
| 20 week MA | $30.8 | 21% below |
| 50 week MA | $33.4 | 27% below |
| 100 week MA | $27.9 | 13% below |
| 200 week MA | $26.9 | 9.7% below |
KMT is in a downtrend: it's below all five of its weekly moving averages, and 9.7% 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.
KMT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.1 | $37.4 | +0.8% |
| 2021 | $37.4 | $35.6 | -4.9% |
| 2022 | $35.6 | $24.3 | -32% |
| 2023 | $24.3 | $25.8 | +6.4% |
| 2024 | $25.8 | $24.2 | -6.3% |
| 2025 | $24.2 | $29.3 | +21% |
| 2026 YTD | $29.3 | $24.3 | -17% |
KMT has the edge over BA on returns for 2026, with the stronger performance.