BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MGRC
McGrath RentCorp
MGRC has a slight edge over BA overall, supported by 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.
MGRC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
MGRC's profitability, cash flow and balance sheet are currently strong, and its revenue is 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 MGRC in the historical PE scenario, which offers more potential upside but is not a forecast.
MGRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $86.10 | -34% |
| Fair | 18x | $118 | -9.3% |
| Current | 20x | $130 | — |
| Forward | 20x | $130 | — |
| Expensive | 21x | $138 | +6.1% |
Historical ranges are pointers, not guarantees.
MGRC's PE is in its expensive range at 20.0x. On analysts' estimates for next year's earnings, today's price would be 20.0x.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over MGRC on the outlook, with more favorable revenue expectations.
MGRC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect MGRC's earnings to grow and its profitability to improve, with its revenue 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.
MGRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.51 | +0.3% |
| Q3 2026 | $6.49 | +9.8% |
| Q2 2026 | $6.21 | -40% |
| Q1 2026 | $6.30 | -35% |
| Q4 2025 | $6.35 | -33% |
| Q3 2025 | $5.91 | -35% |
| Q2 2025 | $10.27 | +118% |
| Q1 2025 | $9.65 | +88% |
| Q4 2024 | $9.43 | +32% |
MGRC's earnings per share have fallen from their peak: $6.49 over the past year, against $10.27 in mid-2025.
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 MGRC 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.
MGRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $274.6M | +7.1% |
| Q2 2026 | $221.1M | -6.2% |
| Q1 2026 | $198.5M | +1.6% |
| Q4 2025 | $256.8M | +5.3% |
| Q3 2025 | $256.4M | -3.9% |
| Q2 2025 | $235.6M | +11% |
| Q1 2025 | $195.4M | +4% |
| Q4 2024 | $243.7M | +10% |
MGRC's revenue grew through 2024 and has held roughly level since: $275M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +0.9 points |
| Q2 2026 | 24% | -0.2 points |
| Q1 2026 | 22% | -1.5 points |
| Q4 2025 | 29% | +3 points |
| Q3 2025 | 26% | -2 points |
| Q2 2025 | 24% | +4.5 points |
| Q1 2025 | 23% | +0.6 points |
| Q4 2024 | 26% | +0.8 points |
MGRC 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 MGRC on cash flow, with more consistent year-over-year improvement.
MGRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53.7M | +0.5% |
| Q2 2026 | $52M | +36% |
| Q1 2026 | $34.3M | -31% |
| Q4 2025 | $69.8M | +114% |
| Q3 2025 | $53.5M | -72% |
| Q2 2025 | $38.2M | -49% |
| Q1 2025 | $49.9M | +46% |
| Q4 2024 | $32.6M | +$83.7M |
MGRC still generates free cash flow, though less than at its 2024 peak: $210M 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 | — |
MGRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -43K shares |
| 1 year | -0.8% | -193K shares |
| 3 years | -0.3% | -74K shares |
| 5 years | -0.2% | -56K shares |
| Available history | -1% | -246K shares |
MGRC has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.8M |
| Q2 2026 | $15.5M |
| Q1 2026 | $11.9M |
| Q4 2020 | — |
| Q3 2020 | $116,000 |
| Q2 2020 | $5.6M |
| Q1 2020 | $7.9M |
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.
MGRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Very low |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.0x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Very low |
MGRC 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).
MGRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.0 | Neutral |
| Stochastic | 69.4 | Neutral |
MGRC's weekly RSI is 66 (neutral) and its Stochastic is 69 (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 MGRC on valuation relative to its sector.
MGRC PE vs Industrials Sector
| Metric | MGRC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 17% below |
| PE % | 68 | 58 | 10 pts above |
MGRC is trading at 20x earnings, a 17% 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.
MGRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $118.5 | 9.7% above |
| 20 week MA | $117.0 | 11% above |
| 50 week MA | $113.5 | 14% above |
| 100 week MA | $114.1 | 14% above |
| 200 week MA | $109.9 | 18% above |
MGRC 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.
MGRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.5 | $64.2 | -17% |
| 2021 | $64.2 | $79.6 | +24% |
| 2022 | $79.6 | $98.0 | +23% |
| 2023 | $98.0 | $119.6 | +22% |
| 2024 | $119.6 | $110.8 | -7.4% |
| 2025 | $110.8 | $108.1 | -2.5% |
| 2026 YTD | $108.1 | $130.0 | +20% |
MGRC has the edge over BA on returns for 2026, with the stronger performance.