BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
KRMN
Karman Holdings Inc.
KRMN has the edge over BA overall, supported by stronger modeled upside and stronger 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.
KRMN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Under pressure | |
| Weak |
KRMN's revenue and profitability are currently strong, but its cash flow and balance sheet are 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
KRMN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 45x | $40.50 | — |
| Current | 104x | $40.50 | — |
| Cheap | 180x | $70.06 | +73% |
| Fair | 821x | $320 | +691% |
| Expensive | 1,251x | $488 | +1105% |
Historical ranges are pointers, not guarantees.
KRMN's PE is in its cheap range at 104x. If earnings grow as analysts expect, today's price would be 45x next year's earnings.
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.
KRMN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for KRMN, 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
KRMN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.89 | +129% |
| Q3 2026 | $0.39 | +388% |
| Q2 2026 | $0.29 | +383% |
| Q1 2026 | $0.23 | +475% |
KRMN has the edge over BA in the latest year-over-year earnings comparison.
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.
KRMN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.6M | +66% |
| Q2 2026 | $182.1M | +58% |
| Q1 2026 | $151.2M | +51% |
| Q4 2025 | $134.5M | +47% |
| Q3 2025 | $121.8M | +42% |
| Q2 2025 | $115.1M | +35% |
| Q1 2025 | $100.1M | +21% |
| Q4 2024 | $91.2M | +19% |
KRMN has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -2.2 points |
| Q2 2026 | 19% | +1.7 points |
| Q1 2026 | 14% | +4.2 points |
| Q4 2025 | 16% | -0.1 points |
| Q3 2025 | 18% | -2.3 points |
| Q2 2025 | 17% | -4 points |
| Q1 2025 | 10% | N/A |
| Q4 2024 | 16% | -0.5 points |
KRMN 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 KRMN on cash generation, producing positive trailing cash flow while its opponent burns cash.
KRMN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.4M | +$20.2M |
| Q2 2026 | -$17.7M | +$3.3M |
| Q1 2026 | -$7.2M | +$11.5M |
| Q4 2025 | $4M | +16% |
| Q3 2025 | -$6.8M | -229% |
| Q2 2025 | -$21M | -2088% |
| Q1 2025 | -$18.6M | -1381% |
| Q4 2024 | $3.4M | +$8.4M |
KRMN's free cash flow was −$7M over the past year, against −$43M 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 | — |
KRMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +4K shares |
| 1 year | +0.2% | +213K shares |
KRMN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $40,561 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $37,000 |
| Q4 2023 | $145,626 |
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 KRMN on leverage, with a lower net debt burden relative to earnings.
KRMN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.7x | High |
| Q2 2026 | 4.6x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 4.1x | High |
| Q3 2025 | 3.6x | Elevated |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 2.3x | Moderate |
KRMN's net debt is about 4.7 years of its operating earnings (EBITDA), up from 3.6 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).
KRMN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 36.9 | Neutral |
KRMN's weekly RSI is 43 (neutral) and its Stochastic is 37 (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 KRMN on valuation relative to its sector.
KRMN PE vs Industrials Sector
| Metric | KRMN | Sector median | Relative |
|---|---|---|---|
| PE | 104x | 24x | 332% above |
| PE % | 0 | 29 | 29 pts below |
KRMN is trading at 104x earnings, a 332% 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 |
KRMN has stronger trend alignment. BA is above 0 of 5 weekly averages versus KRMN above 1 of 3.
KRMN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.5 | 8.1% above |
| 20 week MA | $43.9 | 7.8% below |
| 50 week MA | $64.3 | 37% below |
KRMN has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 37% below its 50-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 the edge over KRMN on returns for 2026, with the stronger performance.
KRMN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $32.0 | $77.6 | +142% |
| 2026 YTD | $77.6 | $40.5 | -48% |
KRMN has finished every year since 2025 higher, and it's down 48% so far in 2026.