BA
The Boeing Company
BA has the edge over PRIM overall, supported by stronger valuation and stronger fundamentals.
PRIM
Primoris Services Corporation
PRIM's outlook is improving despite an expensive 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.
PRIM Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Under pressure | |
| Stable |
PRIM's profitability and balance sheet are currently stable, but its revenue and cash flow are under pressure.
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 PRIM in the historical PE scenario, which offers more potential upside but is not a forecast.
PRIM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $18.84 | -74% |
| Fair | 14x | $23.96 | -67% |
| Forward | 15x | $71.55 | — |
| Expensive | 25x | $44.94 | -37% |
| Current | 40x | $71.55 | — |
Historical ranges are pointers, not guarantees.
PRIM's PE is in its expensive range at 40x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair 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.
PRIM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PRIM, 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.
PRIM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.67 | +164% |
| Q3 2026 | $1.77 | -65% |
| Q2 2026 | $2.55 | -42% |
| Q1 2026 | $4.54 | +20% |
| Q4 2025 | $5.03 | +52% |
| Q3 2025 | $5.07 | +68% |
| Q2 2025 | $4.41 | +55% |
| Q1 2025 | $3.78 | +43% |
| Q4 2024 | $3.32 | +43% |
PRIM has the edge over BA on earnings, with more consistent year-over-year improvement.
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 PRIM 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.
PRIM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | -10% |
| Q2 2026 | $1.7B | -11% |
| Q1 2026 | $1.6B | -5.4% |
| Q4 2025 | $1.9B | +6.7% |
| Q3 2025 | $2.2B | +32% |
| Q2 2025 | $1.9B | +21% |
| Q1 2025 | $1.6B | +17% |
| Q4 2024 | $1.7B | +15% |
PRIM's revenue is shrinking: $2B last quarter, down 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.9% | -1.4 points |
| Q2 2026 | -1.6% | -8.3 points |
| Q1 2026 | 1.6% | -2.7 points |
| Q4 2025 | 4.2% | -0.9 points |
| Q3 2025 | 6.3% | +0.3 points |
| Q2 2025 | 6.7% | +1.2 points |
| Q1 2025 | 4.3% | +1.1 points |
| Q4 2024 | 5% | +0.1 points |
PRIM 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 PRIM on cash flow, with more consistent year-over-year improvement.
PRIM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $98.1M | -34% |
| Q2 2026 | -$31.2M | -169% |
| Q1 2026 | -$150.4M | -688% |
| Q4 2025 | $121.1M | -55% |
| Q3 2025 | $148.4M | -6.5% |
| Q2 2025 | $45.3M | +$53.5M |
| Q1 2025 | $25.6M | +$64.5M |
| Q4 2024 | $270M | +46% |
PRIM still generates free cash flow, though less than at its 2024 peak: $38M over the past year.
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 | — |
PRIM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +100K shares |
| 1 year | -1.3% | -703K shares |
| 3 years | -0.5% | -251K shares |
| 5 years | -0.5% | -267K shares |
| Available history | +6.7% | +3.4M shares |
PRIM has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q4 2022 | — |
| Q3 2022 | $2.6M |
| Q4 2020 | $494,000 |
| Q3 2020 | $2.6M |
| Q2 2020 | $950,000 |
| Q1 2020 | $7.4M |
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.
PRIM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.7x | Very low |
PRIM 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).
PRIM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 34.3 | Neutral |
PRIM's weekly RSI is 40 (neutral) and its Stochastic is 34 (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 PRIM on valuation relative to its sector.
PRIM PE vs Industrials Sector
| Metric | PRIM | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 24x | 68% above |
| PE % | 100 | 58 | 42 pts above |
PRIM is trading at 40x earnings, a 68% premium to 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.
PRIM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.9 | 1.9% below |
| 20 week MA | $77.9 | 8.2% below |
| 50 week MA | $113.4 | 37% below |
| 100 week MA | $102.4 | 30% below |
| 200 week MA | $71.7 | 0.1% below |
PRIM is in a downtrend: it's below all five of its weekly moving averages, and 0.1% 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 PRIM on returns for 2026, with the stronger performance.
PRIM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.9 | $27.8 | +27% |
| 2021 | $27.8 | $24.3 | -12% |
| 2022 | $24.3 | $21.9 | -9.9% |
| 2023 | $21.9 | $33.2 | +52% |
| 2024 | $33.2 | $77.7 | +134% |
| 2025 | $77.7 | $129.2 | +66% |
| 2026 YTD | $129.2 | $71.6 | -45% |
PRIM is down 45% so far in 2026, after finishing higher in four of the previous six years.