BA
The Boeing Company
BA has the edge over MDU overall, supported by stronger valuation and stronger fundamentals.
MDU
MDU Resources Group, Inc.
MDU has slightly lower modeled downside risk, despite its lower overall score.
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.
MDU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
MDU's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are 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 MDU in the historical PE scenario, which offers more potential upside but is not a forecast.
MDU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $10.38 | -47% |
| Fair | 15x | $13.52 | -31% |
| Expensive | 19x | $17.53 | -10% |
| Forward | 19x | $19.55 | — |
| Current | 21x | $19.55 | — |
Historical ranges are pointers, not guarantees.
MDU's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over MDU on the outlook, with more favorable revenue and profitability expectations.
MDU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect MDU's earnings to grow, with its revenue and 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 the edge over MDU on earnings, with more consistent year-over-year improvement.
MDU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | +11% |
| Q3 2026 | $0.93 | +13% |
| Q2 2026 | $0.95 | -9.5% |
| Q1 2026 | $0.92 | -28% |
| Q4 2025 | $0.93 | -32% |
| Q3 2025 | $0.82 | -58% |
| Q2 2025 | $1.05 | -47% |
| Q1 2025 | $1.28 | -45% |
| Q4 2024 | $1.37 | -33% |
MDU's earnings per share have fallen from their peak: $0.93 over the past year, against $2.33 in early 2024.
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 MDU 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.
MDU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $347.7M | +10% |
| Q2 2026 | $375.3M | +6.9% |
| Q1 2026 | $606M | -10% |
| Q4 2025 | $534M | -0.3% |
| Q3 2025 | $315M | -70% |
| Q2 2025 | $351.2M | -66% |
| Q1 2025 | $674.8M | -44% |
| Q4 2024 | $535.5M | -53% |
MDU's revenue is recovering but still below its 2022 peak: $348M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1 points |
| Q2 2026 | 13% | +4.1 points |
| Q1 2026 | 19% | +2.4 points |
| Q4 2025 | 20% | +2.4 points |
| Q3 2025 | 13% | +4 points |
| Q2 2025 | 8.6% | +0.1 points |
| Q1 2025 | 17% | +5.5 points |
| Q4 2024 | 18% | +5.3 points |
MDU 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 MDU on cash generation, producing positive trailing cash flow while its opponent burns cash.
MDU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.3M | +$65.6M |
| Q2 2026 | $15M | -59% |
| Q1 2026 | $56.8M | -54% |
| Q4 2025 | -$336M | -$274.7M |
| Q3 2025 | -$121.9M | -$104.6M |
| Q2 2025 | $36.5M | +90% |
| Q1 2025 | $124.4M | +220% |
| Q4 2024 | -$61.3M | -815% |
MDU's free cash flow was −$320M over the past year, against −$22M 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 | — |
MDU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1M shares |
| 1 year | +3.6% | +7.4M shares |
| 3 years | +4.3% | +8.8M shares |
| 5 years | +4.7% | +9.5M shares |
| Available history | +6.1% | +12.2M shares |
MDU has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $50,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.8M |
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 MDU on leverage, with a lower net debt burden relative to earnings.
MDU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.3x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.5x | Elevated |
MDU's net debt is about 4.8 years of its operating earnings (EBITDA), up from 4.6 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).
MDU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 39.8 | Neutral |
MDU's weekly RSI is 48 (neutral) and its Stochastic is 40 (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 MDU on valuation relative to its sector.
MDU PE vs Industrials Sector
| Metric | MDU | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 13% below |
| PE % | 89 | 58 | 31 pts above |
MDU is trading at 21x earnings, a 13% 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.
MDU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.0 | 2.7% above |
| 20 week MA | $19.7 | 0.9% below |
| 50 week MA | $20.4 | 4.3% below |
| 100 week MA | $19.0 | 3.1% above |
| 200 week MA | $15.8 | 23% above |
MDU 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.
MDU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.2 | $9.78 | -12% |
| 2021 | $9.78 | $11.2 | +15% |
| 2022 | $11.2 | $11.6 | +3.1% |
| 2023 | $11.6 | $11.0 | -5.1% |
| 2024 | $11.0 | $18.2 | +66% |
| 2025 | $18.2 | $19.7 | +8.1% |
| 2026 YTD | $19.7 | $19.6 | -0.7% |
MDU has the edge over BA on returns for 2026, with the stronger performance.