BA
The Boeing Company
BA has lower modeled downside risk, despite its lower overall score.
PPIH
Perma-Pipe International Holdings, Inc.
PPIH has a slight 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.
PPIH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
PPIH'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 PPIH in the historical PE scenario, which offers more potential upside but is not a forecast.
PPIH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $15.87 | -45% |
| Fair | 15x | $28.42 | -1.2% |
| Current | 15x | $28.77 | — |
| Expensive | 19x | $36.96 | +28% |
Historical ranges are pointers, not guarantees.
PPIH's PE is in its fair range at 15x.
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.
PPIH Forward outlook
There aren't enough analyst estimates for PPIH to show an outlook.
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.
PPIH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.91 | +53% |
| Q2 2026 | $1.70 | +9.7% |
| Q1 2026 | $2.09 | +87% |
| Q4 2025 | $1.71 | -13% |
| Q3 2025 | $1.25 | -34% |
| Q2 2025 | $1.55 | -4.3% |
| Q1 2025 | $1.12 | -14% |
| Q4 2024 | $1.96 | +211% |
PPIH earned $1.91 per share over the past year, up 53% 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.
PPIH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $59.6M | +24% |
| Q2 2026 | $50.3M | +7.5% |
| Q1 2026 | $55.1M | +23% |
| Q4 2025 | $61.1M | +47% |
| Q3 2025 | $47.9M | +28% |
| Q2 2025 | $46.7M | +36% |
| Q1 2025 | $45M | +12% |
| Q4 2024 | $41.6M | -9% |
PPIH has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.1% | +0.5 points |
| Q2 2026 | 9.2% | -7.6 points |
| Q1 2026 | 13% | +0.6 points |
| Q4 2025 | 19% | +5.2 points |
| Q3 2025 | 6.7% | -9.7 points |
| Q2 2025 | 17% | +7.7 points |
| Q1 2025 | 12% | +0.8 points |
| Q4 2024 | 13% | +0.2 points |
PPIH 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 PPIH on cash flow, with more consistent year-over-year improvement.
PPIH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.3M | +$9.9M |
| Q2 2026 | $4.9M | +$5.1M |
| Q1 2026 | -$8.8M | -288% |
| Q4 2025 | $12.4M | +155% |
| Q3 2025 | -$4.6M | -311% |
| Q2 2025 | -$194K | +$468K |
| Q1 2025 | $4.7M | +12% |
| Q4 2024 | $4.8M | +81% |
PPIH generated $14M in free cash flow over the past year, up 187% 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 | — |
PPIH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +18K shares |
| 1 year | +1.6% | +127K shares |
| 3 years | +1.5% | +121K shares |
| 5 years | -0.7% | -61K shares |
| Available history | +2.8% | +223K shares |
PPIH has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q1 2024 | $1,000 |
| Q4 2023 | $629,000 |
| Q1 2023 | $26,000 |
| Q4 2022 | — |
| Q1 2022 | $1.5M |
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.
PPIH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | -0.2x | Net Cash |
PPIH 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).
PPIH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 54.0 | Neutral |
PPIH's weekly RSI is 50 (neutral) and its Stochastic is 54 (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.
PPIH PE vs Industrials Sector
| Metric | PPIH | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 37% below |
| PE % | 52 | 58 | 6 pts below |
PPIH 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.
PPIH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 3.3% below |
| 20 week MA | $28.0 | 2.6% above |
| 50 week MA | $29.7 | 3.2% below |
| 100 week MA | $24.6 | 17% above |
| 200 week MA | $17.1 | 68% above |
PPIH 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.
PPIH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.25 | $6.10 | -34% |
| 2021 | $6.10 | $8.11 | +33% |
| 2022 | $8.11 | $8.95 | +10% |
| 2023 | $8.95 | $7.94 | -11% |
| 2024 | $7.94 | $15.9 | +100% |
| 2025 | $15.9 | $33.0 | +107% |
| 2026 YTD | $33.0 | $28.8 | -13% |
PPIH has the edge over BA on returns for 2026, with the stronger performance.