BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
PANL
Pangaea Logistics Solutions, Ltd.
PANL has the edge over BA overall, supported by stronger valuation and 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.
PANL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Strong |
PANL's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its 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 PANL in the historical PE scenario, which offers more potential upside but is not a forecast.
PANL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.3x | $3.76 | -60% |
| Fair | 8.3x | $9.43 | -0.4% |
| Current | 8.3x | $9.46 | — |
| Forward | 9.3x | $9.46 | — |
| Expensive | 14x | $15.73 | +66% |
Historical ranges are pointers, not guarantees.
PANL's PE is in its fair range at 8.3x. On analysts' estimates for next year's earnings, today's price would be 9.3x.
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.
PANL Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for PANL, 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.
PANL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.02 | -11% |
| Q3 2026 | $1.14 | +268% |
| Q2 2026 | $0.74 | +222% |
| Q1 2026 | $0.54 | +54% |
| Q4 2025 | $0.30 | -52% |
| Q3 2025 | $0.31 | -34% |
| Q2 2025 | $0.23 | -71% |
| Q1 2025 | $0.35 | -54% |
| Q4 2024 | $0.63 | +6.8% |
PANL's earnings per share have fallen from their peak: $1.14 over the past year, against $1.95 in mid-2022.
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.
PANL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219.1M | +30% |
| Q2 2026 | $187.1M | +19% |
| Q1 2026 | $170.6M | +39% |
| Q4 2025 | $183.9M | +25% |
| Q3 2025 | $168.7M | +10% |
| Q2 2025 | $156.7M | +19% |
| Q1 2025 | $122.8M | +17% |
| Q4 2024 | $147.2M | +12% |
PANL has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +9.9 points |
| Q2 2026 | 11% | +9.1 points |
| Q1 2026 | 6.1% | +3.8 points |
| Q4 2025 | 9.5% | -0.6 points |
| Q3 2025 | 10% | +0.2 points |
| Q2 2025 | 2.3% | -3.5 points |
| Q1 2025 | 2.4% | -8.1 points |
| Q4 2024 | 10% | +2 points |
PANL 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 PANL in the latest year-over-year cash flow comparison.
PANL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $57.3M | +100% |
| Q2 2026 | $21.4M | +49% |
| Q1 2026 | $4.5M | +$8.8M |
| Q3 2025 | $28.6M | +0.4% |
| Q2 2025 | $14.4M | +61% |
| Q1 2025 | -$4.4M | -148% |
| Q3 2024 | $28.5M | +75% |
| Q2 2024 | $9M | +346% |
PANL generated $112M in free cash flow over the past year, up 135% 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 | — |
PANL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -124K shares |
| 1 year | +0.1% | +78.3K shares |
| 3 years | +44% | +19.8M shares |
| 5 years | +45% | +20.2M shares |
| Available history | +50% | +21.6M shares |
PANL has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
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.
PANL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.2x | Moderate |
PANL 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).
PANL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.2 | Neutral |
| Stochastic | 68.6 | Neutral |
PANL's weekly RSI is 64 (neutral) and its Stochastic is 69 (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.
PANL PE vs Industrials Sector
| Metric | PANL | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 24x | 66% below |
| PE % | 50 | 58 | 8 pts below |
PANL 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.
PANL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.16 | 16% above |
| 20 week MA | $7.88 | 20% above |
| 50 week MA | $7.70 | 23% above |
| 100 week MA | $6.39 | 48% above |
| 200 week MA | $6.58 | 44% above |
PANL 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.
PANL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.96 | $2.69 | -9.1% |
| 2021 | $2.69 | $3.71 | +38% |
| 2022 | $3.71 | $5.22 | +41% |
| 2023 | $5.22 | $8.24 | +58% |
| 2024 | $8.24 | $4.89 | -41% |
| 2025 | $4.89 | $6.91 | +41% |
| 2026 YTD | $6.91 | $9.46 | +37% |
PANL has the edge over BA on returns for 2026, with the stronger performance.