BA
The Boeing Company
BA's fundamentals are strong: its operating margin went from −10% to 10% and revenue grew 18%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
NMM
Navios Maritime Partners L.P.
There isn't enough reported data to score NMM yet.
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.
NMM Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| Unavailable | |
| Weak |
NMM's profitability is currently stable, but its balance sheet is weak. There isn't enough data to rate its revenue and cash flow.
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 NMM in the historical PE scenario, which offers more potential upside but is not a forecast.
NMM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 0.9x | $8.58 | -90% |
| Fair | 1.4x | $13.50 | -85% |
| Forward | 3.8x | $89.16 | — |
| Expensive | 4.3x | $41.60 | -53% |
| Current | 9.1x | $89.16 | — |
Historical ranges are pointers, not guarantees.
NMM's PE is 9.1x, but its earnings don't support one, so it isn't a reliable read right now.
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.
NMM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for NMM, 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 |
NMM has the stronger earnings trend. Trailing diluted EPS is down 30% for BA versus NMM down 25%.
NMM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $23.46 | +140% |
| Q4 2025 | $9.78 | -20% |
| Q2 2025 | $10.20 | -22% |
| Q1 2025 | $11.16 | -17% |
| Q4 2024 | $12.16 | -15% |
| Q2 2024 | $13.04 | -32% |
| Q1 2024 | $13.39 | -31% |
| Q4 2023 | $14.23 | -25% |
| Q2 2023 | $19.31 | +22% |
NMM's earnings per share have fallen from their peak: $9.78 over the past year, against $25.26 in late 2021.
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% |
NMM has the stronger quarterly revenue trend. Revenue is up 3.9% for BA versus up 108% for NMM.
| 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.
NMM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $712.5M | +5.8% |
| Q2 2025 | $327.6M | -4.3% |
| Q1 2025 | $304.1M | -4.5% |
| Q4 2024 | $673.4M | +3.5% |
| Q2 2024 | $342.2M | -1.4% |
| Q1 2024 | $318.6M | +2.9% |
| Q4 2023 | $650.4M | -6.2% |
| Q2 2023 | $346.9M | +24% |
NMM's revenue is growing: $712M last quarter, up 108% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | 29% | -1.8 points |
| Q1 2025 | 27% | N/A |
| Q2 2024 | 35% | +3.6 points |
| Q1 2024 | 31% | N/A |
| Q2 2023 | 38% | +4.4 points |
| Q1 2023 | 32% | N/A |
| Q2 2022 | 41% | +13 points |
| Q1 2022 | 33% | N/A |
NMM's operating margin was 29% last quarter, down 8.6 points from the same quarter a year ago.
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 stronger cash trend. Its trailing FCF is up 100% versus its history, compared with NMM at down 2,744%.
NMM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $196.2M | +$474.5M |
| Q2 2025 | -$49.1M | +$74.2M |
| Q1 2025 | $24M | +456% |
| Q4 2024 | -$278.3M | -227% |
| Q2 2024 | -$123.3M | -295% |
| Q1 2024 | $4.3M | +$23.2M |
| Q4 2023 | $219.7M | +$288M |
| Q2 2023 | $63.1M | -38% |
NMM's free cash flow was −$107M over the past year, against $164M 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 | — |
NMM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -915K shares |
| 1 year | -5% | -1.5M shares |
| 3 years | -5.1% | -1.5M shares |
| 5 years | +166% | +17.9M shares |
| Available history | +195% | +19M shares |
NMM has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | $13M |
| Q1 2025 | $10M |
| Q2 2024 | $5M |
| Q1 2024 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q2 2022 | — |
| Q1 2022 | — |
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.
NMM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | 4.5x | High |
| Q1 2020 | 4.2x | High |
| Q4 2019 | 4.1x | High |
| Q3 2019 | 3.8x | Elevated |
| Q2 2019 | 3.9x | Elevated |
| Q1 2019 | 3.6x | Elevated |
| Q4 2018 | 3.4x | Elevated |
| Q3 2018 | 3.3x | Elevated |
NMM's net debt is about 4.5 years of its operating earnings (EBITDA), up from 3.9 years a year ago.
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).
NMM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 55.6 | Neutral |
NMM's weekly RSI is 59 (neutral) and its Stochastic is 56 (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.
NMM PE vs Industrials Sector
| Metric | NMM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 24x | 62% below |
| PE % | 97 | 58 | 39 pts above |
NMM 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.
NMM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $89.9 | 0.8% below |
| 20 week MA | $85.7 | 4.1% above |
| 50 week MA | $72.9 | 22% above |
| 100 week MA | $57.8 | 54% above |
| 200 week MA | $46.4 | 92% above |
NMM 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.
NMM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.4 | $9.60 | -48% |
| 2021 | $9.60 | $24.5 | +155% |
| 2022 | $24.5 | $26.3 | +7.5% |
| 2023 | $26.3 | $28.0 | +6.2% |
| 2024 | $28.0 | $43.9 | +57% |
| 2025 | $43.9 | $52.1 | +19% |
| 2026 YTD | $52.1 | $89.2 | +71% |
NMM has the edge over BA on returns for 2026, with the stronger performance.