BA
The Boeing Company
BA has the edge over MMM overall, supported by stronger valuation and stronger fundamentals.
MMM
3M Company
MMM has 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.
MMM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
MMM's profitability, cash flow and balance sheet are currently healthy, 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 MMM in the historical PE scenario, which offers more potential upside but is not a forecast.
MMM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $98.78 | -47% |
| Fair | 19x | $128 | -31% |
| Forward | 19x | $186 | — |
| Expensive | 27x | $179 | -4.1% |
| Current | 28x | $186 | — |
Historical ranges are pointers, not guarantees.
MMM's PE is in its expensive range at 28x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its fair range.
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.
MMM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MMM, with profitability improving.
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.
MMM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.64 | +44% |
| Q3 2026 | $6.71 | +7.2% |
| Q2 2026 | $5.63 | -22% |
| Q1 2026 | $5.19 | -34% |
| Q4 2025 | $6.00 | -21% |
| Q3 2025 | $6.26 | -21% |
| Q2 2025 | $7.19 | +323% |
| Q1 2025 | $7.92 | +$20.64 |
| Q4 2024 | $7.55 | +$20.18 |
MMM's earnings per share have fallen from their peak: $6.71 over the past year, against $11.48 in late 2022.
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 MMM 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.
MMM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.6B | +1% |
| Q2 2026 | $6.5B | +2.5% |
| Q1 2026 | $6B | +1.3% |
| Q4 2025 | $6.1B | +2% |
| Q3 2025 | $6.5B | +3.5% |
| Q2 2025 | $6.3B | +1.4% |
| Q1 2025 | $6B | -26% |
| Q4 2024 | $6B | -25% |
MMM's revenue fell from its 2021 peak and has held roughly level since: $6.6B last quarter, up 1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +1.5 points |
| Q2 2026 | 15% | -2.8 points |
| Q1 2026 | 23% | +2.2 points |
| Q4 2025 | 13% | -5.1 points |
| Q3 2025 | 22% | +1.3 points |
| Q2 2025 | 18% | -2.4 points |
| Q1 2025 | 21% | +2.2 points |
| Q4 2024 | 18% | +2.5 points |
MMM 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 MMM on cash flow, with more consistent year-over-year improvement.
MMM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $230M | -85% |
| Q2 2026 | $763M | +$1.9B |
| Q1 2026 | $349M | +$664M |
| Q4 2025 | $1.3B | -13% |
| Q3 2025 | $1.5B | +$3.6B |
| Q2 2025 | -$1.2B | -255% |
| Q1 2025 | -$315M | -180% |
| Q4 2024 | $1.5B | -6.2% |
MMM still generates free cash flow, though less than at its 2020 peak: $2.7B 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 | — |
MMM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +200K shares |
| 1 year | -2.9% | -15.5M shares |
| 3 years | -5.7% | -31.7M shares |
| 5 years | -11% | -63.7M shares |
| Available history | -11% | -62.5M shares |
MMM has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $232M |
| Q2 2026 | $994M |
| Q1 2026 | $2B |
| Q4 2025 | $552M |
| Q3 2025 | $472M |
| Q2 2025 | $953M |
| Q1 2025 | $1.3B |
| Q4 2024 | $705M |
MMM spent $3.8B buying back its own shares over the past year, up 11% 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.
MMM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.1x | Healthy |
MMM 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).
MMM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.6 | Neutral |
| Stochastic | 66.5 | Neutral |
MMM's weekly RSI is 66 (neutral) and its Stochastic is 66 (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 MMM on valuation relative to its sector.
MMM PE vs Industrials Sector
| Metric | MMM | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 16% above |
| PE % | 87 | 58 | 29 pts above |
MMM is trading at 28x earnings, a 16% 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.
MMM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $171.9 | 8.3% above |
| 20 week MA | $171.0 | 8.9% above |
| 50 week MA | $162.5 | 15% above |
| 100 week MA | $156.0 | 19% above |
| 200 week MA | $126.5 | 47% above |
MMM 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.
MMM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $148.2 | $145.9 | -1.5% |
| 2021 | $145.9 | $146.3 | +0.3% |
| 2022 | $146.3 | $100.5 | -31% |
| 2023 | $100.5 | $91.4 | -9% |
| 2024 | $91.4 | $130.2 | +42% |
| 2025 | $130.2 | $162.1 | +25% |
| 2026 YTD | $162.1 | $186.2 | +15% |
MMM has the edge over BA on returns for 2026, with the stronger performance.