BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
PRG
PROG Holdings, Inc.
PRG has the edge over BA overall, supported by stronger modeled upside and stronger valuation.
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.
PRG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
PRG's revenue and cash flow are currently healthy, and its profitability and balance sheet are 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 PRG in the historical PE scenario, which offers more potential upside but is not a forecast.
PRG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.3x | $37.67 | — |
| Cheap | 7.4x | $27.47 | -27% |
| Fair | 10x | $38.50 | +2.2% |
| Current | 10x | $37.67 | — |
| Expensive | 14x | $50.84 | +35% |
Historical ranges are pointers, not guarantees.
PRG's PE is in its fair range at 10x. If earnings grow as analysts expect, today's price would be 7.3x next year's earnings, in its cheap range.
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.
PRG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PRG, with profitability improving. 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
PRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.15 | +39% |
| Q3 2026 | $3.70 | -5.9% |
| Q2 2026 | $3.61 | -29% |
| Q1 2026 | $3.65 | -25% |
| Q4 2025 | $3.59 | -21% |
| Q3 2025 | $3.93 | +8.3% |
| Q2 2025 | $5.05 | +106% |
| Q1 2025 | $4.87 | +97% |
| Q4 2024 | $4.53 | +52% |
PRG's earnings per share have fallen from their peak: $3.70 over the past year, against $5.05 in mid-2025.
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 PRG 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.
PRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $725.8M | +22% |
| Q2 2026 | $719.7M | +19% |
| Q1 2026 | $742.7M | +8.6% |
| Q4 2025 | $525.4M | -16% |
| Q3 2025 | $595.1M | -1.8% |
| Q2 2025 | $604.7M | +2.1% |
| Q1 2025 | $684.1M | +6.6% |
| Q4 2024 | $623.3M | +8% |
PRG's revenue is recovering but still below its 2020 peak: $726M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.1% | +0.1 points |
| Q2 2026 | 9.1% | -0.9 points |
| Q1 2026 | 8.8% | +0.6 points |
| Q4 2025 | 6.9% | -1.2 points |
| Q3 2025 | 9% | +0.9 points |
| Q2 2025 | 10% | +0.6 points |
| Q1 2025 | 8.2% | +2 points |
| Q4 2024 | 8.1% | +1.9 points |
PRG 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 PRG on cash flow, with more consistent year-over-year improvement.
PRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $103.4M | -2.9% |
| Q2 2026 | $101.2M | +49% |
| Q1 2026 | $168.6M | -19% |
| Q4 2025 | -$57.5M | +$29.3M |
| Q3 2025 | $106.5M | +257% |
| Q2 2025 | $68M | +27% |
| Q1 2025 | $208M | +56% |
| Q4 2024 | -$86.8M | +$4.2M |
PRG generated $316M in free cash flow over the past year, up 6.8% 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 | — |
PRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -184K shares |
| 1 year | +0.2% | +69K shares |
| 3 years | -12% | -5.6M shares |
| 5 years | -39% | -25.8M shares |
| Available history | -29% | -16.2M shares |
PRG has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $36.7M |
| Q2 2026 | $10.2M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $25.7M |
| Q1 2025 | $26.1M |
| Q4 2024 | $40.5M |
PRG spent $47M buying back its own shares over the past year, down 49% 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.
PRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 1.2x | Healthy |
| Q2 2020 | 1.1x | Healthy |
| Q1 2020 | 0.6x | Very low |
| Q4 2019 | 0.9x | Very low |
PRG 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).
PRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 57.6 | Neutral |
PRG's weekly RSI is 54 (neutral) and its Stochastic is 58 (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.
PRG PE vs Industrials Sector
| Metric | PRG | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 47 | 58 | 11 pts below |
PRG 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.
PRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.2 | 13% above |
| 20 week MA | $38.2 | 1.3% below |
| 50 week MA | $35.2 | 7% above |
| 100 week MA | $33.6 | 12% above |
| 200 week MA | $33.8 | 11% above |
PRG 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.
PRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.3 | $54.0 | -4.1% |
| 2021 | $54.0 | $45.0 | -17% |
| 2022 | $45.0 | $17.2 | -62% |
| 2023 | $17.2 | $30.9 | +80% |
| 2024 | $30.9 | $42.2 | +36% |
| 2025 | $42.2 | $30.5 | -28% |
| 2026 YTD | $30.5 | $37.7 | +24% |
PRG has the edge over BA on returns for 2026, with the stronger performance.