BA
The Boeing Company
BA has the edge over KNOP overall, supported by stronger valuation and stronger modeled upside.
KNOP
KNOT Offshore Partners LP
KNOP trails on the overall score without a compensating advantage in the available component scores.
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.
KNOP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
KNOP's profitability and cash flow are currently healthy, and its revenue 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 KNOP in the historical PE scenario, which offers more potential upside but is not a forecast.
KNOP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.6x | $2.86 | -69% |
| Fair | 9.6x | $4.14 | -55% |
| Forward | 16x | $9.23 | — |
| Expensive | 18x | $7.76 | -16% |
| Current | 22x | $9.23 | — |
Historical ranges are pointers, not guarantees.
KNOP's PE is in its expensive range at 22x. On analysts' estimates for next year's earnings, today's price would be 16x.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over KNOP on the outlook, with more favorable earnings and revenue expectations.
KNOP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect KNOP's earnings and profitability to decline, 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
KNOP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.58 | +35% |
| Q2 2026 | $0.43 | -57% |
| Q1 2026 | $0.53 | +43% |
| Q4 2025 | $0.67 | +81% |
| Q3 2025 | $1.54 | +$2.00 |
| Q2 2025 | $0.99 | +4850% |
| Q1 2025 | $0.37 | +$1.11 |
| Q4 2024 | $0.37 | +$1.37 |
| Q3 2024 | -$0.46 | +$0.21 |
KNOP 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'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.
KNOP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $96.8M | +11% |
| Q1 2026 | $92M | +9.5% |
| Q4 2025 | $96.5M | +5.7% |
| Q3 2025 | $96.9M | +27% |
| Q2 2025 | $87.1M | +17% |
| Q1 2025 | $84M | +9.7% |
| Q4 2024 | $91.3M | +25% |
| Q3 2024 | $76.3M | +5% |
KNOP's revenue has grown year over year for 14 quarters in a row: $97M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | -9.4 points |
| Q1 2026 | 16% | -12 points |
| Q4 2025 | 30% | -8.3 points |
| Q3 2025 | 32% | +9.1 points |
| Q2 2025 | 25% | +24 points |
| Q1 2025 | 28% | +2.2 points |
| Q4 2024 | 38% | +13 points |
| Q3 2024 | 23% | -5.8 points |
KNOP 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 KNOP on cash flow, with more consistent year-over-year improvement.
KNOP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $32.9M | -3.2% |
| Q1 2026 | $33M | -7.7% |
| Q4 2025 | $43.4M | +5.4% |
| Q3 2025 | $44.3M | +28% |
| Q2 2025 | $34M | +0.7% |
| Q1 2025 | $35.8M | +34% |
| Q4 2024 | $41.2M | +28% |
| Q3 2024 | $34.5M | +37% |
KNOP's free cash flow has been positive every quarter for seven years: $154M over the past year, up 5.6% 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 | — |
KNOP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.1% | -385K shares |
| 3 years | -1.1% | -385K shares |
| 5 years | +3.4% | +1.1M shares |
| Available history | +3.7% | +1.2M shares |
KNOP has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KNOP spent $1M buying back its own shares over the past year, after none 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 KNOP on leverage, with a lower net debt burden relative to earnings.
KNOP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 4.4x | High |
| Q3 2024 | 5.2x | High |
KNOP's net debt is about 3.9 years of its operating earnings (EBITDA), down from 4.1 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).
KNOP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 16.3 | Oversold |
KNOP's weekly RSI is 40 (neutral) and its Stochastic is 16 (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 KNOP on valuation relative to its sector.
KNOP PE vs Industrials Sector
| Metric | KNOP | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 10% below |
| PE % | 93 | 58 | 35 pts above |
KNOP is trading at 22x earnings, a 10% discount 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.
KNOP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.89 | 6.7% below |
| 20 week MA | $10.4 | 11% below |
| 50 week MA | $10.5 | 12% below |
| 100 week MA | $8.76 | 5.4% above |
| 200 week MA | $7.34 | 26% above |
KNOP 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.
KNOP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.7 | $14.9 | -24% |
| 2021 | $14.9 | $13.1 | -12% |
| 2022 | $13.1 | $9.46 | -28% |
| 2023 | $9.46 | $5.76 | -39% |
| 2024 | $5.76 | $5.37 | -6.8% |
| 2025 | $5.37 | $10.6 | +98% |
| 2026 YTD | $10.6 | $9.23 | -13% |
KNOP has the edge over BA on returns for 2026, with the stronger performance.