BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
NWPX
NWPX Infrastructure, Inc.
NWPX has the edge over BA overall, supported by stronger modeled upside and stronger fundamentals.
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.
NWPX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Unavailable |
NWPX's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
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 NWPX in the historical PE scenario, which offers more potential upside but is not a forecast.
NWPX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $58.21 | -36% |
| Fair | 15x | $82.70 | -9.4% |
| Current | 17x | $91.29 | — |
| Forward | 18x | $91.29 | — |
| Expensive | 20x | $111 | +22% |
Historical ranges are pointers, not guarantees.
NWPX's PE is in its fair range at 17x. On analysts' estimates for next year's earnings, today's price would be 18x, in its expensive 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.
NWPX Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for NWPX, 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.
NWPX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.99 | -8.2% |
| Q3 2026 | $5.44 | +48% |
| Q2 2026 | $4.96 | +49% |
| Q1 2026 | $4.25 | +30% |
| Q4 2025 | $3.56 | +4.7% |
| Q3 2025 | $3.68 | +25% |
| Q2 2025 | $3.32 | +33% |
| Q1 2025 | $3.27 | +37% |
| Q4 2024 | $3.40 | +63% |
NWPX 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.
NWPX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $179.4M | +19% |
| Q2 2026 | $159.5M | +20% |
| Q1 2026 | $138.3M | +19% |
| Q4 2025 | $125.6M | +5% |
| Q3 2025 | $151.1M | +16% |
| Q2 2025 | $133.2M | +2.8% |
| Q1 2025 | $116.1M | +2.6% |
| Q4 2024 | $119.6M | +8.6% |
NWPX's revenue has grown year over year for 12 quarters in a row: $179M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1 points |
| Q2 2026 | 13% | +3.3 points |
| Q1 2026 | 9.2% | +4.4 points |
| Q4 2025 | 10% | +1.6 points |
| Q3 2025 | 13% | +0.7 points |
| Q2 2025 | 9.9% | -0.6 points |
| Q1 2025 | 4.8% | -2.9 points |
| Q4 2024 | 8.8% | +0.9 points |
NWPX 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 NWPX on cash flow, with more consistent year-over-year improvement.
NWPX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.4M | +54% |
| Q2 2026 | $9.9M | +411% |
| Q1 2026 | $25.8M | +2090% |
| Q4 2025 | $30.8M | -3.5% |
| Q3 2025 | $13.2M | -21% |
| Q2 2025 | $1.9M | -88% |
| Q1 2025 | $1.2M | +$31.8M |
| Q4 2024 | $31.9M | +699% |
NWPX generated $87M in free cash flow over the past year, up 80% 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 | — |
NWPX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +14K shares |
| 1 year | -0.1% | -8K shares |
| 3 years | -3% | -302K shares |
| 5 years | -1.2% | -116K shares |
| Available history | +0.3% | +26K shares |
NWPX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2M |
| Q2 2026 | $306,000 |
| Q1 2026 | $2.4M |
| Q4 2025 | $2.7M |
| Q3 2025 | $8.2M |
| Q2 2025 | $7.5M |
| Q1 2025 | — |
| Q4 2024 | — |
NWPX spent $7M buying back its own shares over the past year, down 58% 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.
NWPX Net Leverage
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).
NWPX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 14.5 | Oversold |
NWPX's weekly RSI is 39 (neutral) and its Stochastic is 15 (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.
NWPX PE vs Industrials Sector
| Metric | NWPX | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 24x | 30% below |
| PE % | 64 | 58 | 6 pts above |
NWPX 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.
NWPX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.7 | 6.6% below |
| 20 week MA | $110.7 | 18% below |
| 50 week MA | $96.4 | 5.3% below |
| 100 week MA | $71.6 | 27% above |
| 200 week MA | $53.1 | 72% above |
NWPX 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.
NWPX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.1 | $27.9 | -16% |
| 2021 | $27.9 | $30.2 | +8.2% |
| 2022 | $30.2 | $34.3 | +14% |
| 2023 | $34.3 | $30.3 | -12% |
| 2024 | $30.3 | $48.8 | +61% |
| 2025 | $48.8 | $64.1 | +31% |
| 2026 YTD | $64.1 | $91.3 | +43% |
NWPX has the edge over BA on returns for 2026, with the stronger performance.