BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
OESX
Orion Energy Systems, Inc.
OESX has the edge over BA overall, supported by stronger modeled upside.
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.
OESX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Healthy |
OESX's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow 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.
OESX PE Valuation
OESX 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.
OESX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for OESX, 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 |
BA has the edge over OESX on earnings quality, reporting a profit while its opponent remains loss making.
OESX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.92 | — |
| Q3 2026 | -$0.05 | +$1.82 |
| Q2 2026 | -$0.02 | +$2.78 |
| Q1 2026 | -$0.89 | +$2.71 |
| Q4 2025 | -$1.33 | +$0.97 |
| Q3 2025 | -$1.87 | +$0.63 |
| Q2 2025 | -$2.80 | $0.00 |
| Q1 2025 | -$3.60 | +$0.10 |
| Q4 2024 | -$2.30 | +$3.50 |
OESX lost $0.05 per share over the past year, a smaller loss than 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 OESX 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 has the edge over OESX on profitability, with a higher operating margin.
OESX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $21.7M | +8.9% |
| Q2 2026 | $25.7M | +32% |
| Q1 2026 | $25.7M | +23% |
| Q4 2025 | $21.1M | +7.7% |
| Q3 2025 | $19.9M | +2.9% |
| Q2 2025 | $19.6M | -1.7% |
| Q1 2025 | $20.9M | -21% |
| Q4 2024 | $19.6M | -25% |
OESX's revenue is recovering but still below its 2020 peak: $22M last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.4% | -2.2 points |
| Q2 2026 | 8.2% | +13 points |
| Q1 2026 | -3% | +9.7 points |
| Q4 2025 | 1.8% | +8.2 points |
| Q3 2025 | -1.2% | +16 points |
| Q2 2025 | -5.2% | +12 points |
| Q1 2025 | -13% | -20 points |
| Q4 2024 | -6.4% | +1.6 points |
OESX's operating margin was −3.4% last quarter, down 2.2 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 edge over OESX on cash generation, producing positive trailing cash flow while its opponent burns cash.
OESX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.4M | -319% |
| Q2 2026 | $1.3M | +$1.9M |
| Q1 2026 | -$1.5M | -$761K |
| Q4 2025 | -$645K | -117% |
| Q3 2025 | $1.6M | +217% |
| Q2 2025 | -$570K | +$2.4M |
| Q1 2025 | -$750K | -464% |
| Q4 2024 | $3.7M | +304% |
OESX's free cash flow was −$4M over the past year, against $4M 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 the edge over OESX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
OESX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -64.7K shares |
| 1 year | +17% | +599K shares |
| 3 years | +26% | +848K shares |
| 5 years | +31% | +969K shares |
| Available history | +33% | +1M shares |
OESX has 4M diluted shares, up 17% from a year ago.
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.
OESX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 3.4x | Elevated |
| Q2 2022 | -3.2x | Net Cash |
| Q1 2022 | -1.5x | Net Cash |
| Q4 2021 | -1.3x | Net Cash |
| Q3 2021 | -0.9x | Net Cash |
| Q2 2021 | -1.1x | Net Cash |
OESX 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).
OESX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.8 | Neutral |
| Stochastic | 23.3 | Neutral |
OESX's weekly RSI is 41 (neutral) and its Stochastic is 23 (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.
OESX PE vs Industrials Sector
| Metric | OESX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
OESX 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.
OESX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.9 | 40% below |
| 20 week MA | $19.7 | 33% below |
| 50 week MA | $15.1 | 13% below |
| 100 week MA | $11.5 | 13% above |
| 200 week MA | $11.9 | 9.9% above |
OESX 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.
OESX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.7 | $100.9 | +191% |
| 2021 | $100.9 | $35.9 | -64% |
| 2022 | $35.9 | $19.5 | -46% |
| 2023 | $19.5 | $8.67 | -56% |
| 2024 | $8.67 | $7.80 | -10% |
| 2025 | $7.80 | $15.8 | +103% |
| 2026 YTD | $15.8 | $13.1 | -17% |
OESX has the edge over BA on returns for 2026, with the stronger performance.