BA
The Boeing Company
BA has the edge over MIDD overall, supported by stronger valuation and stronger fundamentals.
MIDD
The Middleby Corporation
MIDD trails on the overall score without a compensating advantage in the available component scores.
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.
MIDD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Stable | |
| Healthy |
MIDD's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue 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 MIDD in the historical PE scenario, which offers more potential upside but is not a forecast.
MIDD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $13.88 | -90% |
| Fair | 18x | $15.65 | -88% |
| Expensive | 26x | $22.14 | -84% |
| Current | 159x | $135 | — |
Historical ranges are pointers, not guarantees.
MIDD's PE is in its expensive range at 159x.
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.
MIDD Forward outlook
There aren't enough analyst estimates for MIDD 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.
MIDD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.85 | +$5.25 |
| Q2 2026 | -$9.26 | -218% |
| Q1 2026 | -$8.48 | -206% |
| Q4 2025 | -$5.73 | -173% |
| Q3 2025 | -$4.40 | -161% |
| Q2 2025 | $7.86 | +9.9% |
| Q1 2025 | $8.00 | +11% |
| Q4 2024 | $7.90 | +6.6% |
MIDD has returned to profit: it earned $0.85 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 MIDD 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.
MIDD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $652.6M | -34% |
| Q2 2026 | $875.5M | -10% |
| Q1 2026 | $839.9M | -7.4% |
| Q4 2025 | $866.4M | -15% |
| Q3 2025 | $982.1M | +4.2% |
| Q2 2025 | $977.9M | -1.4% |
| Q1 2025 | $906.6M | -2.2% |
| Q4 2024 | $1B | +0.5% |
MIDD's revenue has slid since its 2023 peak: $653M last quarter, down 34% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +72 points |
| Q2 2026 | 17% | +1 points |
| Q1 2026 | 16% | +0.4 points |
| Q4 2025 | 96% | +79 points |
| Q3 2025 | -56% | -75 points |
| Q2 2025 | 16% | -1.8 points |
| Q1 2025 | 16% | +0.7 points |
| Q4 2024 | 17% | +5.4 points |
MIDD 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 MIDD on cash flow, with more consistent year-over-year improvement.
MIDD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.9M | -46% |
| Q2 2026 | $87M | -14% |
| Q1 2026 | $57.7M | -46% |
| Q4 2025 | $194.9M | -14% |
| Q3 2025 | $156.1M | +7.5% |
| Q2 2025 | $101.1M | -27% |
| Q1 2025 | $107.4M | -16% |
| Q4 2024 | $226.6M | -5.6% |
MIDD still generates free cash flow, though less than at its 2023 peak: $425M 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 | — |
MIDD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -443K shares |
| 1 year | -11% | -5.6M shares |
| 3 years | -17% | -9.3M shares |
| 5 years | -21% | -12M shares |
| Available history | -19% | -10.8M shares |
MIDD has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $106.5M |
| Q2 2026 | $207.1M |
| Q1 2026 | $374.8M |
| Q4 2025 | $209.3M |
| Q3 2025 | $148.6M |
| Q2 2025 | $322.9M |
| Q1 2025 | $42.8M |
| Q4 2024 | $16.4M |
MIDD spent $898M buying back its own shares over the past year, up 69% 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.
MIDD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 46.0x | High |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.2x | Moderate |
MIDD 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).
MIDD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 74.6 | Neutral |
MIDD's weekly RSI is 62 (neutral) and its Stochastic is 75 (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 MIDD on valuation relative to its sector.
MIDD PE vs Industrials Sector
| Metric | MIDD | Sector median | Relative |
|---|---|---|---|
| PE | 159x | 24x | 563% above |
| PE % | 100 | 58 | 42 pts above |
MIDD is trading at 159x earnings, a 563% 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.
MIDD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.2 | 17% above |
| 20 week MA | $121.0 | 12% above |
| 50 week MA | $120.9 | 12% above |
| 100 week MA | $117.4 | 15% above |
| 200 week MA | $114.6 | 18% above |
MIDD 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.
MIDD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.3 | $104.1 | +18% |
| 2021 | $104.1 | $154.3 | +48% |
| 2022 | $154.3 | $106.4 | -31% |
| 2023 | $106.4 | $118.4 | +11% |
| 2024 | $118.4 | $109.9 | -7.2% |
| 2025 | $109.9 | $121.6 | +11% |
| 2026 YTD | $121.6 | $135.4 | +11% |
MIDD has the edge over BA on returns for 2026, with the stronger performance.