BA
The Boeing Company
BA has slightly lower modeled downside risk, despite its lower overall score.
OMAB
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
OMAB has a slight edge over BA overall on the model 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.
OMAB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
OMAB's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 OMAB in the historical PE scenario, which offers more potential upside but is not a forecast.
OMAB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $81.01 | -26% |
| Fair | 18x | $107 | -2.8% |
| Current | 18x | $110 | — |
| Expensive | 26x | $156 | +42% |
Historical ranges are pointers, not guarantees.
OMAB's PE is 18x, 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 |
BA has the edge over OMAB on the outlook, with more favorable revenue expectations.
OMAB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect OMAB's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
OMAB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.05 | +3.1% |
| Q2 2026 | $6.01 | +3.4% |
| Q1 2026 | $5.81 | -1.5% |
| Q4 2025 | $5.84 | +3.4% |
| Q3 2025 | $5.87 | +3.7% |
| Q2 2025 | $5.81 | +2.5% |
| Q1 2025 | $5.90 | +6.9% |
| Q4 2024 | $5.65 | +2.5% |
OMAB 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 has the edge over OMAB 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.
OMAB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $257M | +22% |
| Q2 2026 | $239.7M | +2.6% |
| Q1 2026 | $204.8M | +6.9% |
| Q4 2025 | $220.7M | 0% |
| Q3 2025 | $210.8M | +6.1% |
| Q2 2025 | $233.6M | +24% |
| Q1 2025 | $191.5M | -5% |
| Q4 2024 | $220.8M | +11% |
OMAB's revenue is growing: $257M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 53% | -7.8 points |
| Q2 2026 | 53% | +0.8 points |
| Q1 2026 | 55% | -4.6 points |
| Q4 2025 | 52% | -1.3 points |
| Q3 2025 | 61% | +2.6 points |
| Q2 2025 | 53% | +108 points |
| Q1 2025 | 59% | +11 points |
| Q4 2024 | 53% | -0.6 points |
OMAB 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 OMAB on cash flow, with more consistent year-over-year improvement.
OMAB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $104.5M | +39% |
| Q2 2026 | $49.4M | -24% |
| Q1 2026 | $47.6M | -19% |
| Q4 2025 | $95.4M | +0.1% |
| Q3 2025 | $75M | +38% |
| Q2 2025 | $65.1M | +33% |
| Q1 2025 | $58.7M | +6.4% |
| Q4 2024 | $95.3M | +6.4% |
OMAB generated $297M in free cash flow over the past year, about the same as 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 | — |
OMAB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | -1% | -493K shares |
| Available history | -1.3% | -641K shares |
OMAB has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $131,992 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
OMAB has spent almost nothing on buybacks in the past year.
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.
OMAB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.1x | Healthy |
OMAB 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).
OMAB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.5 | Neutral |
| Stochastic | 79.8 | Neutral |
OMAB's weekly RSI is 56 (neutral) and its Stochastic is 80 (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 OMAB on valuation relative to its sector.
OMAB PE vs Industrials Sector
| Metric | OMAB | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 25% below |
| PE % | 58 | 58 | Same percentile |
OMAB is trading at 18x earnings, a 25% discount to the Industrials sector's median of 24x, though its earnings don't support one.
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.
OMAB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.0 | 9.8% above |
| 20 week MA | $102.4 | 7.2% above |
| 50 week MA | $108.0 | 1.6% above |
| 100 week MA | $101.0 | 8.7% above |
| 200 week MA | $88.9 | 23% above |
OMAB 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.
OMAB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.9 | $51.1 | -16% |
| 2021 | $51.1 | $53.0 | +3.6% |
| 2022 | $53.0 | $65.6 | +24% |
| 2023 | $65.6 | $84.6 | +29% |
| 2024 | $84.6 | $69.6 | -18% |
| 2025 | $69.6 | $112.8 | +62% |
| 2026 YTD | $112.8 | $109.8 | -2.7% |
OMAB has the edge over BA on returns for 2026, with the stronger performance.