BA
The Boeing Company
BA has the edge over NL overall, supported by stronger fundamentals.
NL
NL Industries, Inc.
NL 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.
NL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
NL's revenue, cash flow and balance sheet are currently healthy, but its profitability 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
NL PE Valuation
NL has no meaningful PE right now: it lost money over the past year.
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.
NL Forward outlook
There aren't enough analyst estimates for NL 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 the edge over NL on earnings quality, reporting a profit while its opponent remains loss making.
NL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.10 | -150% |
| Q2 2026 | -$0.52 | -147% |
| Q1 2026 | -$0.69 | -155% |
| Q4 2025 | -$0.77 | -156% |
| Q3 2025 | $0.20 | -83% |
| Q2 2025 | $1.10 | +139% |
| Q1 2025 | $1.25 | +421% |
| Q4 2022 | $0.69 | -34% |
NL has swung to a loss: it lost $0.10 per share over the past year, after a profit 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 NL 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.
NL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $44M | +10% |
| Q2 2026 | $43.6M | +8% |
| Q1 2026 | $40.6M | +0.7% |
| Q4 2025 | $37.7M | -1.9% |
| Q3 2025 | $40M | +19% |
| Q2 2025 | $40.4M | +12% |
| Q1 2025 | $40.3M | +6.1% |
| Q4 2024 | $38.4M | -11% |
NL's revenue has picked up after three years of holding roughly level: $44M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.1% | +2.5 points |
| Q2 2026 | 14% | +7.1 points |
| Q1 2026 | 10% | +2.3 points |
| Q4 2025 | 7.6% | -80 points |
| Q3 2025 | 4.6% | -1.4 points |
| Q2 2025 | 6.9% | +4.7 points |
| Q1 2025 | 7.8% | +4.3 points |
| Q4 2024 | 88% | +77 points |
NL 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 NL on cash flow, with more consistent year-over-year improvement.
NL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.4M | +22% |
| Q2 2026 | $9.8M | +66% |
| Q1 2026 | -$3.9M | +$44.4M |
| Q4 2025 | -$4.7M | -154% |
| Q3 2025 | $7M | +$13.1M |
| Q2 2025 | $5.9M | -61% |
| Q1 2025 | -$48.3M | -850% |
| Q4 2024 | $8.7M | -58% |
NL's free cash flow has turned positive again: $10M over the past year, against −$27M 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 | — |
NL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +18K shares |
| 1 year | +0.1% | +36K shares |
| 3 years | +0.1% | +66K shares |
| 5 years | +0.2% | +104K shares |
| Available history | +0.3% | +154K shares |
NL has the edge over BA on shareholder dilution, with a more favorable share count trend.
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.
NL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.6x | Net Cash |
| Q2 2026 | -5.8x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -7.7x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -2.5x | Net Cash |
| Q4 2024 | -3.9x | Net Cash |
NL 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).
NL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.6 | Neutral |
| Stochastic | 77.4 | Neutral |
NL's weekly RSI is 63 (neutral) and its Stochastic is 77 (neutral).
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.
NL PE vs Industrials Sector
| Metric | NL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
NL has no meaningful PE right now: it lost money over the past year.
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.
NL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.97 | 4.2% above |
| 20 week MA | $6.62 | 9.7% above |
| 50 week MA | $6.26 | 16% above |
| 100 week MA | $6.58 | 10% above |
| 200 week MA | $6.44 | 13% above |
NL 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.
NL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.88 | $4.55 | +17% |
| 2021 | $4.55 | $7.09 | +56% |
| 2022 | $7.09 | $6.46 | -8.9% |
| 2023 | $6.46 | $5.61 | -13% |
| 2024 | $5.61 | $7.98 | +42% |
| 2025 | $7.98 | $5.46 | -32% |
| 2026 YTD | $5.46 | $7.26 | +33% |
NL has the edge over BA on returns for 2026, with the stronger performance.