BA
The Boeing Company
BA's outlook is improving, though it still trails on the overall score.
PAYX
Paychex, Inc.
PAYX has the edge over BA overall, supported by stronger valuation and lower modeled downside.
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.
PAYX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
PAYX's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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 PAYX in the historical PE scenario, which offers more potential upside but is not a forecast.
PAYX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $115 | — |
| Current | 23x | $115 | — |
| Cheap | 24x | $123 | +7.1% |
| Fair | 28x | $144 | +25% |
| Expensive | 33x | $168 | +46% |
Historical ranges are pointers, not guarantees.
PAYX's PE is in its cheap range at 23x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
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.
PAYX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for PAYX, 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.
PAYX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.06 | +20% |
| Q3 2026 | $5.04 | +13% |
| Q2 2026 | $4.89 | +6.8% |
| Q1 2026 | $4.55 | -5.2% |
| Q4 2025 | $4.42 | -6.9% |
| Q3 2025 | $4.46 | -4.9% |
| Q2 2025 | $4.58 | -1.9% |
| Q1 2025 | $4.80 | +4.6% |
| Q4 2024 | $4.75 | +5.6% |
PAYX earned $5.04 per share over the past year, up 13% from 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'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.
PAYX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +5.9% |
| Q2 2026 | $1.6B | +12% |
| Q1 2026 | $1.8B | +20% |
| Q4 2025 | $1.6B | +18% |
| Q3 2025 | $1.5B | +17% |
| Q2 2025 | $1.4B | +10% |
| Q1 2025 | $1.5B | +4.8% |
| Q4 2024 | $1.3B | +4.7% |
PAYX's revenue has grown year over year for 22 quarters in a row: $1.6B last quarter, up 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +2.8 points |
| Q2 2026 | 38% | +7.5 points |
| Q1 2026 | 44% | -2.1 points |
| Q4 2025 | 37% | -4.1 points |
| Q3 2025 | 35% | -6.3 points |
| Q2 2025 | 30% | -7 points |
| Q1 2025 | 46% | +0.7 points |
| Q4 2024 | 41% | +0.6 points |
PAYX 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 PAYX on cash flow, with more consistent year-over-year improvement.
PAYX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $357.4M | -46% |
| Q2 2026 | $515M | +82% |
| Q1 2026 | $761.5M | +14% |
| Q4 2025 | $382.8M | +54% |
| Q3 2025 | $662.5M | +30% |
| Q2 2025 | $283.3M | +57% |
| Q1 2025 | $667.3M | +5.8% |
| Q4 2024 | $248M | -19% |
PAYX's free cash flow has been positive every quarter for seven years: $2B over the past year, up 8.4% 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 | — |
PAYX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -3.4M shares |
| 1 year | -1.5% | -5.3M shares |
| 3 years | -1.7% | -6.2M shares |
| 5 years | -1.7% | -6.2M shares |
| Available history | -1.1% | -4M shares |
PAYX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $249.4M |
| Q1 2026 | $75M |
| Q4 2025 | $126.5M |
| Q3 2025 | $160.1M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $500,000 |
PAYX spent $451M buying back its own shares over the past year, up 181% 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.
PAYX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
PAYX 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).
PAYX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 56.0 | Neutral |
PAYX's weekly RSI is 54 (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 has the edge over PAYX on valuation relative to its sector.
PAYX PE vs Industrials Sector
| Metric | PAYX | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 5.1% below |
| PE % | 11 | 58 | 47 pts below |
PAYX is trading at 23x earnings, in line with the Industrials sector's median of 24x.
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.
PAYX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.8 | 4.9% above |
| 20 week MA | $114.2 | 0.8% above |
| 50 week MA | $105.4 | 9.3% above |
| 100 week MA | $122.9 | 6.2% below |
| 200 week MA | $122.2 | 5.7% below |
PAYX 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.
PAYX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $85.1 | $94.7 | +11% |
| 2021 | $94.7 | $134.2 | +42% |
| 2022 | $134.2 | $116.0 | -14% |
| 2023 | $116.0 | $119.1 | +2.7% |
| 2024 | $119.1 | $141.3 | +19% |
| 2025 | $141.3 | $114.2 | -19% |
| 2026 YTD | $114.2 | $115.2 | +0.9% |
PAYX has the edge over BA on returns for 2026, with the stronger performance.