BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
LSTR
Landstar System, Inc.
LSTR has the edge over BA overall, supported by stronger modeled upside 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.
LSTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
LSTR's revenue, profitability and balance sheet are currently healthy, 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 LSTR in the historical PE scenario, which offers more potential upside but is not a forecast.
LSTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $73.63 | -50% |
| Forward | 20x | $148 | — |
| Fair | 26x | $122 | -18% |
| Current | 31x | $148 | — |
| Expensive | 32x | $152 | +2.6% |
Historical ranges are pointers, not guarantees.
LSTR's PE is in its expensive range at 31x. If earnings grow as analysts expect, today's price would be 20x next year's earnings, in its fair range.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over LSTR on the outlook, with more favorable profitability expectations.
LSTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for LSTR, with profitability holding steady. 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 the edge over LSTR on earnings, with more consistent year-over-year improvement.
LSTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.23 | +53% |
| Q3 2026 | $4.72 | +21% |
| Q2 2026 | $3.86 | -19% |
| Q1 2026 | $3.62 | -28% |
| Q4 2025 | $3.31 | -40% |
| Q3 2025 | $3.91 | -33% |
| Q2 2025 | $4.76 | -22% |
| Q1 2025 | $5.04 | -23% |
| Q4 2024 | $5.51 | -25% |
LSTR's earnings per share have fallen from their peak: $4.72 over the past year, against $12.14 in late 2022.
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 LSTR 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.
LSTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +25% |
| Q2 2026 | $1.4B | +18% |
| Q1 2026 | $1.2B | +1.6% |
| Q4 2025 | $1.2B | -2.9% |
| Q3 2025 | $1.2B | -0.7% |
| Q2 2025 | $1.2B | -1.1% |
| Q1 2025 | $1.2B | -1.6% |
| Q4 2024 | $1.2B | +0.4% |
LSTR's revenue is recovering but still below its 2022 peak: $1.5B last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | +2.2 points |
| Q2 2026 | 4.6% | 0 points |
| Q1 2026 | 4.5% | +1.1 points |
| Q4 2025 | 2.5% | -2.3 points |
| Q3 2025 | 2.2% | -3 points |
| Q2 2025 | 4.7% | -0.9 points |
| Q1 2025 | 3.4% | -1.7 points |
| Q4 2024 | 4.8% | -1.4 points |
LSTR 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 LSTR on cash flow, with more consistent year-over-year improvement.
LSTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $68M | -21% |
| Q2 2026 | -$53.3M | -1245% |
| Q1 2026 | $72.4M | +35% |
| Q4 2025 | $70.5M | +30% |
| Q3 2025 | $86M | +14% |
| Q2 2025 | $4.7M | -89% |
| Q1 2025 | $53.8M | -37% |
| Q4 2024 | $54.4M | -32% |
LSTR still generates free cash flow, though less than at its 2022 peak: $158M 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 | — |
LSTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -64K shares |
| 1 year | -2.1% | -710K shares |
| 3 years | -5.8% | -2.1M shares |
| 5 years | -11% | -4.3M shares |
| Available history | -15% | -5.9M shares |
LSTR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $41M |
| Q2 2026 | $1.8M |
| Q1 2026 | $22.4M |
| Q4 2025 | $36.6M |
| Q3 2025 | $40.9M |
| Q2 2025 | $41.9M |
| Q1 2025 | $60.4M |
| Q4 2024 | $2.7M |
LSTR spent $102M buying back its own shares over the past year, down 30% 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.
LSTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -2.0x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.5x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
LSTR 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).
LSTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 13.1 | Oversold |
LSTR's weekly RSI is 37 (neutral) and its Stochastic is 13 (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 LSTR on valuation relative to its sector.
LSTR PE vs Industrials Sector
| Metric | LSTR | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 31% above |
| PE % | 82 | 58 | 24 pts above |
LSTR is trading at 31x earnings, a 31% 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.
LSTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.7 | 7.3% below |
| 20 week MA | $177.1 | 16% below |
| 50 week MA | $171.9 | 14% below |
| 100 week MA | $157.1 | 5.8% below |
| 200 week MA | $170.3 | 13% below |
LSTR is in a downtrend: it's below all five of its weekly moving averages, and 13% 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.
LSTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $113.2 | $135.4 | +20% |
| 2021 | $135.4 | $172.2 | +27% |
| 2022 | $172.2 | $166.5 | -3.4% |
| 2023 | $166.5 | $193.7 | +16% |
| 2024 | $193.7 | $174.3 | -10% |
| 2025 | $174.3 | $146.0 | -16% |
| 2026 YTD | $146.0 | $148.0 | +1.4% |
LSTR has the edge over BA on returns for 2026, with the stronger performance.