BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MLI
Mueller Industries, Inc.
MLI has a slight 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.
MLI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
MLI'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 MLI in the historical PE scenario, which offers more potential upside but is not a forecast.
MLI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $25.12 | -54% |
| Forward | 12x | $54.84 | — |
| Fair | 13x | $52.03 | -5.1% |
| Current | 14x | $54.84 | — |
| Expensive | 16x | $63.33 | +15% |
Historical ranges are pointers, not guarantees.
MLI's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over MLI on the outlook, with more favorable profitability expectations.
MLI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MLI, but weaker profitability.
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.
MLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.41 | +13% |
| Q3 2026 | $3.90 | +16% |
| Q2 2026 | $3.83 | +22% |
| Q1 2026 | $3.82 | +39% |
| Q4 2025 | $3.43 | +29% |
| Q3 2025 | $3.35 | +30% |
| Q2 2025 | $3.15 | +30% |
| Q1 2025 | $2.75 | +10% |
| Q4 2024 | $2.65 | -0.4% |
MLI 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.
MLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +32% |
| Q2 2026 | $1.4B | +25% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $962.4M | +4.2% |
| Q3 2025 | $1.1B | +8% |
| Q2 2025 | $1.1B | +14% |
| Q1 2025 | $1B | +18% |
| Q4 2024 | $923.5M | +26% |
MLI has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -5.8 points |
| Q2 2026 | 22% | -5 points |
| Q1 2026 | 26% | +5.6 points |
| Q4 2025 | 18% | -0.6 points |
| Q3 2025 | 26% | +4.9 points |
| Q2 2025 | 27% | +5.7 points |
| Q1 2025 | 21% | -1 points |
| Q4 2024 | 18% | 0 points |
MLI 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 MLI on cash flow, with more consistent year-over-year improvement.
MLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $315M | +8% |
| Q2 2026 | $190.7M | +8% |
| Q1 2026 | $62.5M | -36% |
| Q4 2025 | $121.4M | +9.2% |
| Q3 2025 | $291.8M | +42% |
| Q2 2025 | $176.5M | +93% |
| Q1 2025 | $97M | -38% |
| Q4 2024 | $111.2M | -30% |
MLI generated $690M in free cash flow over the past year, up 1.9% 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 793M diluted shares, up 4.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
MLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -1.1M shares |
| 1 year | -0.8% | -1.7M shares |
| 3 years | -3.3% | -7.6M shares |
| 5 years | -3.1% | -7.1M shares |
| Available history | -2.3% | -5.3M shares |
MLI has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $201.9M |
| Q2 2026 | $1.5M |
| Q1 2026 | $75M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $243.6M |
| Q4 2024 | — |
MLI spent $278M buying back its own shares over the past year, up 14% 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.
MLI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.2x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -1.2x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -1.3x | Net Cash |
MLI 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).
MLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 7.9 | Oversold |
MLI's weekly RSI is 41 (neutral) and its Stochastic is 8 (oversold).
BA PE vs Industrials Sector
| Metric | BA | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 0 | 58 | 58 pts below |
BA is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x, though its earnings don't support one.
MLI PE vs Industrials Sector
| Metric | MLI | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 41% below |
| PE % | 56 | 58 | 2 pts below |
MLI has the edge over BA on valuation relative to its sector.
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.
MLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.5 | 4.7% below |
| 20 week MA | $60.4 | 9.2% below |
| 50 week MA | $61.4 | 11% below |
| 100 week MA | $52.2 | 5.1% above |
| 200 week MA | $38.8 | 41% above |
MLI 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.
MLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.94 | $8.73 | +9.9% |
| 2021 | $8.73 | $14.6 | +68% |
| 2022 | $14.6 | $14.9 | +2% |
| 2023 | $14.9 | $23.6 | +58% |
| 2024 | $23.6 | $40.0 | +70% |
| 2025 | $40.0 | $59.1 | +48% |
| 2026 YTD | $59.1 | $54.8 | -7.2% |
MLI has the edge over BA on returns for 2026, with the stronger performance.