BA
The Boeing Company
BA has the edge over PLUG overall, supported by lower modeled downside and stronger fundamentals.
PLUG
Plug Power Inc.
PLUG offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
PLUG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Unavailable |
PLUG's revenue is currently stable, but its profitability and cash flow are under pressure. 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
PLUG PE Valuation
PLUG 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.
PLUG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect PLUG's losses to shrink, with revenue growing. 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 PLUG on earnings quality, reporting a profit while its opponent remains loss making.
PLUG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$1.33 | +$0.94 |
| Q1 2026 | -$1.39 | +$1.04 |
| Q4 2025 | -$1.42 | +$1.26 |
| Q3 2025 | -$2.33 | -$0.18 |
| Q2 2025 | -$2.27 | +$0.10 |
| Q1 2025 | -$2.43 | -$0.02 |
| Q4 2024 | -$2.68 | -$0.38 |
| Q3 2024 | -$2.15 | -$0.54 |
PLUG is still losing money, but far less than before: $1.33 per share over the past year, against $2.68 at its worst in late 2024.
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 PLUG on sales, with stronger typical year-over-year growth.
| 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 PLUG on profitability, with a higher operating margin.
PLUG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $200.6M | +13% |
| Q2 2026 | $178.3M | +2.5% |
| Q1 2026 | $163.5M | +22% |
| Q4 2025 | $225.2M | +18% |
| Q3 2025 | $177.1M | +1.9% |
| Q2 2025 | $174M | +21% |
| Q1 2025 | $133.7M | +11% |
| Q4 2024 | $191.5M | -14% |
PLUG's revenue is recovering but still below its 2020 peak: $201M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -38% | +160 points |
| Q2 2026 | -36% | +66 points |
| Q1 2026 | -67% | +67 points |
| Q4 2025 | -339% | +340 points |
| Q3 2025 | -197% | -73 points |
| Q2 2025 | -102% | +69 points |
| Q1 2025 | -134% | +82 points |
| Q4 2024 | -679% | -397 points |
PLUG's operating margin was −38% last quarter, up 159 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 PLUG on cash generation, producing positive trailing cash flow while its opponent burns cash.
PLUG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$79.7M | +$37.8M |
| Q2 2026 | -$100.4M | +$130.1M |
| Q1 2026 | -$152.4M | -$6.4M |
| Q4 2025 | -$153M | +$12.2M |
| Q3 2025 | -$117.5M | +$116.6M |
| Q2 2025 | -$230.4M | +$125.6M |
| Q1 2025 | -$146M | +$114.3M |
| Q4 2024 | -$165.2M | +$258.6M |
PLUG has burned cash in almost every quarter: −$486M over the past year, against −$659M 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 PLUG on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
PLUG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1.5M shares |
| 1 year | +23% | +265M shares |
| 3 years | +136% | +802M shares |
| 5 years | +171% | +878M shares |
PLUG has 1.4B diluted shares, up 23% 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.
PLUG Net Leverage
PLUG's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
PLUG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.4 | Oversold |
| Stochastic | 5.2 | Oversold |
PLUG's weekly RSI is 28 (oversold) and its Stochastic is 5 (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.
PLUG PE vs Industrials Sector
PLUG 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.
PLUG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.55 | 20% below |
| 20 week MA | $1.94 | 36% below |
| 50 week MA | $2.31 | 46% below |
| 100 week MA | $2.06 | 40% below |
| 200 week MA | $4.02 | 69% below |
PLUG is in a downtrend: it's below all five of its weekly moving averages, and 69% below its 200-week average.
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 the edge over PLUG on returns for 2026, with the stronger performance.
PLUG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.08 | $35.6 | +1055% |
| 2021 | $35.6 | $29.4 | -17% |
| 2022 | $29.4 | $12.3 | -58% |
| 2023 | $12.3 | $4.50 | -64% |
| 2024 | $4.50 | $2.38 | -47% |
| 2025 | $2.38 | $2.07 | -13% |
| 2026 YTD | $2.07 | $1.24 | -40% |
PLUG has finished five years in a row lower, and it's down 40% so far in 2026.