BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
KTOS
Kratos Defense & Security Solutions, Inc.
KTOS 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.
KTOS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Strong |
KTOS's revenue and balance sheet are currently strong, and its profitability is stable, 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 KTOS in the historical PE scenario, which offers more potential upside but is not a forecast.
KTOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 42x | $5.00 | -86% |
| Current | 290x | $34.75 | — |
| Fair | 291x | $34.94 | +0.5% |
| Expensive | 584x | $70.12 | +102% |
Historical ranges are pointers, not guarantees.
KTOS's PE is in its fair range at 290x.
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.
KTOS Forward outlook
There aren't enough analyst estimates for KTOS to show an outlook.
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.
KTOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.12 | -7.7% |
| Q2 2026 | $0.17 | +70% |
| Q1 2026 | $0.17 | +31% |
| Q4 2025 | $0.13 | +18% |
| Q3 2025 | $0.13 | +44% |
| Q2 2025 | $0.10 | +67% |
| Q1 2025 | $0.13 | +$0.14 |
| Q4 2024 | $0.11 | +$0.18 |
KTOS 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 has the edge over KTOS on profitability, with a higher operating margin.
KTOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $471.8M | +36% |
| Q2 2026 | $458.8M | +31% |
| Q1 2026 | $371M | +23% |
| Q4 2025 | $345.1M | +22% |
| Q3 2025 | $347.6M | +26% |
| Q2 2025 | $351.5M | +17% |
| Q1 2025 | $302.6M | +9.2% |
| Q4 2024 | $283.1M | +3.4% |
KTOS has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1% | -3.1 points |
| Q2 2026 | -0.3% | -1.4 points |
| Q1 2026 | 1.3% | -0.9 points |
| Q4 2025 | 2.4% | +1.3 points |
| Q3 2025 | 2% | -0.3 points |
| Q2 2025 | 1.1% | -3.1 points |
| Q1 2025 | 2.2% | -0.3 points |
| Q4 2024 | 1.1% | -3.2 points |
KTOS's operating margin was −1% last quarter, down 3.1 points from the same quarter a year ago, near the bottom of its range since 2019.
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 KTOS on cash generation, producing positive trailing cash flow while its opponent burns cash.
KTOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$35.4M | +$5.9M |
| Q2 2026 | -$28.2M | +$4M |
| Q1 2026 | -$47.3M | +$4.5M |
| Q4 2025 | -$12.1M | -138% |
| Q3 2025 | -$41.3M | -$32.1M |
| Q2 2025 | -$32.2M | -$16.8M |
| Q1 2025 | -$51.8M | -$35.9M |
| Q4 2024 | $32M | -33% |
KTOS has burned cash in most quarters: −$123M over the past year, against −$93M 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 the edge over KTOS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
KTOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.3M shares |
| 1 year | +9.2% | +15.9M shares |
| 3 years | +46% | +59.2M shares |
| 5 years | +51% | +63.9M shares |
| Available history | +73% | +79.6M shares |
KTOS has 189M diluted shares, up 9.2% from a year ago.
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.
KTOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -16.9x | Net Cash |
| Q2 2026 | -17.5x | Net Cash |
| Q1 2026 | -19.0x | Net Cash |
| Q4 2025 | -7.7x | Net Cash |
| Q3 2025 | -8.7x | Net Cash |
| Q2 2025 | -9.8x | Net Cash |
| Q1 2025 | -1.3x | Net Cash |
| Q4 2024 | -2.2x | Net Cash |
KTOS 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).
KTOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.0 | Neutral |
| Stochastic | 11.4 | Oversold |
KTOS's weekly RSI is 34 (neutral) and its Stochastic is 11 (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 KTOS on valuation relative to its sector.
KTOS PE vs Industrials Sector
| Metric | KTOS | Sector median | Relative |
|---|---|---|---|
| PE | 290x | 24x | 1,103% above |
| PE % | 49 | 58 | 9 pts below |
KTOS is trading at 290x earnings, a 1103% 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.
KTOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.1 | 13% below |
| 20 week MA | $47.1 | 26% below |
| 50 week MA | $65.2 | 47% below |
| 100 week MA | $57.7 | 40% below |
| 200 week MA | $37.8 | 8.2% below |
KTOS is in a downtrend: it's below all five of its weekly moving averages, and 8.2% 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 the edge over KTOS on returns for 2026, with the stronger performance.
KTOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.8 | $26.4 | +49% |
| 2021 | $26.4 | $19.8 | -25% |
| 2022 | $19.8 | $9.44 | -52% |
| 2023 | $9.44 | $20.3 | +115% |
| 2024 | $20.3 | $26.5 | +31% |
| 2025 | $26.5 | $77.7 | +193% |
| 2026 YTD | $77.7 | $34.8 | -55% |
KTOS's yearly returns have swung widely, from +193% in 2025 to −52% in 2022. It's down 55% so far in 2026.