BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MAN
ManpowerGroup Inc.
MAN 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.
MAN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Stable |
MAN's profitability is currently healthy, and its revenue, cash flow and balance sheet are stable.
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 MAN in the historical PE scenario, which offers more potential upside but is not a forecast.
MAN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $27.13 | -41% |
| Forward | 11x | $46.05 | — |
| Fair | 17x | $44.33 | -3.7% |
| Current | 18x | $46.05 | — |
| Expensive | 69x | $174 | +279% |
Historical ranges are pointers, not guarantees.
MAN's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over MAN on the outlook, with more favorable profitability expectations.
MAN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MAN, with profitability 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.
MAN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.31 | +70% |
| Q3 2026 | $2.54 | +$2.99 |
| Q2 2026 | $2.21 | +$2.57 |
| Q1 2026 | -$0.36 | -116% |
| Q4 2025 | -$0.29 | -110% |
| Q3 2025 | -$0.45 | -151% |
| Q2 2025 | -$0.36 | -136% |
| Q1 2025 | $2.32 | +119% |
| Q4 2024 | $3.01 | +71% |
MAN has returned to profit: it earned $2.54 per share over the past year, after losing money the year before.
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 MAN 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.
MAN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.8B | +4.4% |
| Q2 2026 | $4.9B | +7.5% |
| Q1 2026 | $4.5B | +10% |
| Q4 2025 | $4.7B | +7.1% |
| Q3 2025 | $4.6B | +2.3% |
| Q2 2025 | $4.5B | 0% |
| Q1 2025 | $4.1B | -7.1% |
| Q4 2024 | $4.4B | -5% |
MAN's revenue has grown year over year for five quarters in a row: $4.8B last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.7% | +0.3 points |
| Q2 2026 | 2.3% | +2.9 points |
| Q1 2026 | 0.6% | -0.1 points |
| Q4 2025 | 1.7% | +0.2 points |
| Q3 2025 | 1.4% | -0.1 points |
| Q2 2025 | -0.6% | -2.8 points |
| Q1 2025 | 0.7% | -0.8 points |
| Q4 2024 | 1.6% | +2.4 points |
MAN 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 MAN on cash flow, with more consistent year-over-year improvement.
MAN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$16.8M | -138% |
| Q2 2026 | -$8.5M | +$198.7M |
| Q1 2026 | -$135.3M | +$31.6M |
| Q4 2025 | $168M | -29% |
| Q3 2025 | $44.7M | -34% |
| Q2 2025 | -$207.2M | -$57.4M |
| Q1 2025 | -$166.9M | -260% |
| Q4 2024 | $236.3M | +161% |
MAN's free cash flow has turned positive again: $7M 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 793M diluted shares, up 4.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
MAN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +700K shares |
| 1 year | +2.6% | +1.2M shares |
| 3 years | -4% | -2M shares |
| 5 years | -13% | -7.1M shares |
| Available history | -20% | -12.2M shares |
MAN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $300,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $13.2M |
| Q1 2025 | $25M |
| Q4 2024 | $34M |
MAN 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.
MAN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.1x | Healthy |
MAN 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).
MAN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 23.3 | Neutral |
MAN's weekly RSI is 49 (neutral) and its Stochastic is 23 (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 MAN on valuation relative to its sector.
MAN PE vs Industrials Sector
| Metric | MAN | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 25% below |
| PE % | 53 | 58 | 5 pts below |
MAN is trading at 18x earnings, a 25% 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.
MAN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.8 | 5.6% below |
| 20 week MA | $51.9 | 11% below |
| 50 week MA | $38.9 | 18% above |
| 100 week MA | $42.1 | 9.5% above |
| 200 week MA | $58.3 | 21% below |
MAN 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.
MAN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $97.1 | $91.4 | -5.9% |
| 2021 | $91.4 | $95.5 | +4.5% |
| 2022 | $95.5 | $83.8 | -12% |
| 2023 | $83.8 | $79.5 | -5.1% |
| 2024 | $79.5 | $57.2 | -28% |
| 2025 | $57.2 | $29.8 | -48% |
| 2026 YTD | $29.8 | $46.1 | +54% |
MAN has the edge over BA on returns for 2026, with the stronger performance.