BA
The Boeing Company
BA's outlook is improving, though it still trails on the overall score.
PRLB
Proto Labs, Inc.
PRLB 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.
PRLB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
PRLB's revenue, profitability and balance sheet are currently healthy, and its cash flow 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 PRLB in the historical PE scenario, which offers more potential upside but is not a forecast.
PRLB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $68.61 | — |
| Cheap | 39x | $55.46 | -19% |
| Current | 48x | $68.61 | — |
| Fair | 52x | $74.95 | +9.2% |
| Expensive | 71x | $102 | +49% |
Historical ranges are pointers, not guarantees.
PRLB's PE is in its fair range at 48x. If earnings grow as analysts expect, today's price would be 29x 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.
PRLB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for PRLB, 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.
PRLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.39 | +67% |
| Q3 2026 | $1.43 | +131% |
| Q2 2026 | $1.25 | +105% |
| Q1 2026 | $1.06 | +74% |
| Q4 2025 | $0.88 | +33% |
| Q3 2025 | $0.62 | -33% |
| Q2 2025 | $0.61 | -36% |
| Q1 2025 | $0.61 | -20% |
| Q4 2024 | $0.66 | 0% |
PRLB's earnings per share have fallen from their peak: $1.43 over the past year, against $2.35 in late 2019.
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 PRLB 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.
PRLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $154.3M | +14% |
| Q2 2026 | $149.3M | +11% |
| Q1 2026 | $139.3M | +10% |
| Q4 2025 | $136.5M | +12% |
| Q3 2025 | $135.4M | +7.8% |
| Q2 2025 | $135.1M | +7.5% |
| Q1 2025 | $126.2M | -1.3% |
| Q4 2024 | $121.8M | -2.6% |
PRLB's revenue has grown year over year for six quarters in a row: $154M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.4% | +2.8 points |
| Q2 2026 | 7.6% | +3.9 points |
| Q1 2026 | 7.1% | +3.5 points |
| Q4 2025 | 5% | +6.2 points |
| Q3 2025 | 6.5% | -0.3 points |
| Q2 2025 | 3.7% | -1.1 points |
| Q1 2025 | 3.6% | -1.8 points |
| Q4 2024 | -1.2% | -7.9 points |
PRLB 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 PRLB on cash flow, with more consistent year-over-year improvement.
PRLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $17M | -32% |
| Q2 2026 | $9.2M | +1.3% |
| Q1 2026 | $14M | -18% |
| Q4 2025 | $8.4M | -49% |
| Q3 2025 | $25M | +7.9% |
| Q2 2025 | $9.1M | -11% |
| Q1 2025 | $17.1M | -8.7% |
| Q4 2024 | $16.5M | +$17.4M |
PRLB generated $49M in free cash flow over the past year, down 28% 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 | — |
PRLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +23K shares |
| 1 year | +1% | +248K shares |
| 3 years | -6.1% | -1.6M shares |
| 5 years | -12% | -3.3M shares |
| Available history | -9.7% | -2.6M shares |
PRLB has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5M |
| Q2 2026 | $5M |
| Q1 2026 | — |
| Q4 2025 | $6.2M |
| Q3 2025 | $12.8M |
| Q2 2025 | $3.1M |
| Q1 2025 | $20.9M |
| Q4 2024 | $14.3M |
PRLB spent $16M buying back its own shares over the past year, down 68% 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.
PRLB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -1.9x | Net Cash |
| Q3 2025 | -2.0x | Net Cash |
| Q2 2025 | -1.8x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
PRLB 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).
PRLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 12.3 | Oversold |
PRLB's weekly RSI is 42 (neutral) and its Stochastic is 12 (oversold).
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 PRLB on valuation relative to its sector.
PRLB PE vs Industrials Sector
| Metric | PRLB | Sector median | Relative |
|---|---|---|---|
| PE | 48x | 24x | 100% above |
| PE % | 44 | 58 | 14 pts below |
PRLB is trading at 48x earnings, a 100% 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.
PRLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.8 | 17% below |
| 20 week MA | $81.8 | 16% below |
| 50 week MA | $70.3 | 2.4% below |
| 100 week MA | $56.4 | 22% above |
| 200 week MA | $44.5 | 54% above |
PRLB 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.
PRLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.1 | $172.6 | +71% |
| 2021 | $172.6 | $52.8 | -69% |
| 2022 | $52.8 | $24.8 | -53% |
| 2023 | $24.8 | $39.0 | +57% |
| 2024 | $39.0 | $39.6 | +1.5% |
| 2025 | $39.6 | $52.7 | +33% |
| 2026 YTD | $52.7 | $68.6 | +30% |
PRLB has the edge over BA on returns for 2026, with the stronger performance.