BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MIR
Mirion Technologies, Inc.
MIR has the edge over BA overall, supported by stronger modeled upside and stronger valuation.
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.
MIR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
MIR's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 MIR in the historical PE scenario, which offers more potential upside but is not a forecast.
MIR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $17.95 | — |
| Current | 150x | $17.95 | — |
| Cheap | 158x | $18.93 | +5.5% |
| Fair | 186x | $22.33 | +24% |
| Expensive | 506x | $60.75 | +238% |
Historical ranges are pointers, not guarantees.
MIR's PE is in its cheap range at 150x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
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.
MIR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MIR, with profitability improving. 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
MIR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.62 | +415% |
| Q3 2026 | $0.12 | 0% |
| Q2 2026 | $0.10 | +150% |
| Q1 2026 | $0.10 | +$0.15 |
| Q4 2025 | $0.11 | +$0.29 |
| Q3 2025 | $0.12 | +$0.45 |
| Q2 2025 | $0.04 | +$0.36 |
| Q1 2025 | -$0.05 | +$0.35 |
| Q4 2024 | -$0.18 | +$0.31 |
MIR has the edge over BA on earnings, with more consistent year-over-year improvement.
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's revenue has grown year over year for seven quarters in a row: $24.2B last quarter, up 3.9% from the same quarter a year ago.
| 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.
MIR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $277.8M | +25% |
| Q2 2026 | $266.8M | +20% |
| Q1 2026 | $257.6M | +28% |
| Q4 2025 | $277.4M | +9.1% |
| Q3 2025 | $223.1M | +7.9% |
| Q2 2025 | $222.9M | +7.6% |
| Q1 2025 | $202M | +4.9% |
| Q4 2024 | $254.3M | +10% |
MIR's revenue has grown year over year every quarter since mid-2022: $278M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.2% | +2.9 points |
| Q2 2026 | 6.7% | +2.3 points |
| Q1 2026 | 1.4% | -2.9 points |
| Q4 2025 | 9.2% | -2.2 points |
| Q3 2025 | 3.3% | +4.1 points |
| Q2 2025 | 4.4% | +3.3 points |
| Q1 2025 | 4.3% | +6.8 points |
| Q4 2024 | 11% | +5.6 points |
MIR 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 MIR on cash flow, with more consistent year-over-year improvement.
MIR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $47.3M | +264% |
| Q2 2026 | $48.1M | +1236% |
| Q1 2026 | $9.4M | -65% |
| Q4 2025 | $63.2M | +29% |
| Q3 2025 | $13M | +233% |
| Q2 2025 | $3.6M | -12% |
| Q1 2025 | $27.1M | +$33.9M |
| Q4 2024 | $49.1M | -11% |
MIR generated $168M in free cash flow over the past year, up 81% from 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 the edge over MIR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
MIR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -2.2M shares |
| 1 year | +6.7% | +17.2M shares |
| 3 years | +37% | +73.7M shares |
| 5 years | +1256% | +253M shares |
MIR has 273M diluted shares, up 6.7% from a year ago, despite $97M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.8M |
| Q2 2026 | $25M |
| Q1 2026 | $16M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $31M |
| Q1 2025 | $18.6M |
| Q4 2024 | $1M |
MIR spent $97M buying back its own shares over the past year, up 91% 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.
MIR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
MIR 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).
MIR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.4 | Neutral |
| Stochastic | 78.4 | Neutral |
MIR's weekly RSI is 53 (neutral) and its Stochastic is 78 (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 MIR on valuation relative to its sector.
MIR PE vs Industrials Sector
| Metric | MIR | Sector median | Relative |
|---|---|---|---|
| PE | 150x | 24x | 522% above |
| PE % | 6 | 54 | 48 pts below |
MIR is trading at 150x earnings, a 522% 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.
MIR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.4 | 9.6% above |
| 20 week MA | $16.1 | 11% above |
| 50 week MA | $19.1 | 5.9% below |
| 100 week MA | $19.3 | 6.9% below |
| 200 week MA | $14.6 | 23% above |
MIR 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 the edge over MIR on returns for 2026, with the stronger performance.
MIR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.98 | $10.9 | +8.7% |
| 2021 | $10.9 | $10.5 | -3.4% |
| 2022 | $10.5 | $6.49 | -38% |
| 2023 | $6.49 | $10.3 | +58% |
| 2024 | $10.3 | $17.6 | +72% |
| 2025 | $17.6 | $23.8 | +35% |
| 2026 YTD | $23.8 | $18.0 | -24% |
MIR has finished higher in four of the last six years, two of them by more than 50%. It's down 24% so far in 2026.