BA
The Boeing Company
BA has a slight edge over PSN overall, supported by stronger fundamentals and stronger modeled upside.
PSN
Parsons Corporation
PSN offers stronger valuation, 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.
PSN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Stable |
PSN's cash flow is currently healthy, and its revenue, 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 PSN in the historical PE scenario, which offers more potential upside but is not a forecast.
PSN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $49.87 | — |
| Cheap | 30x | $41.76 | -16% |
| Current | 36x | $49.87 | — |
| Fair | 49x | $67.03 | +34% |
| Expensive | 66x | $90.23 | +81% |
Historical ranges are pointers, not guarantees.
PSN's PE is in its cheap range at 36x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over PSN on the outlook, with more favorable revenue expectations.
PSN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect PSN's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
PSN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.33 | +143% |
| Q3 2026 | $1.37 | -37% |
| Q2 2026 | $1.45 | -35% |
| Q1 2026 | $2.09 | -12% |
| Q4 2025 | $2.20 | +189% |
| Q3 2025 | $2.18 | +230% |
| Q2 2025 | $2.24 | +421% |
| Q1 2025 | $2.37 | +1217% |
| Q4 2024 | $0.76 | -46% |
PSN's earnings per share have fallen from their peak: $1.37 over the past year, against $2.37 in early 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 PSN 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.
PSN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +1.8% |
| Q2 2026 | $1.6B | -0.5% |
| Q1 2026 | $1.5B | -4.1% |
| Q4 2025 | $1.6B | -7.5% |
| Q3 2025 | $1.6B | -10% |
| Q2 2025 | $1.6B | -5.2% |
| Q1 2025 | $1.6B | +1.2% |
| Q4 2024 | $1.7B | +16% |
PSN's revenue grew through 2024 and has held roughly level since: $1.7B last quarter, up 1.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.3% | -0.4 points |
| Q2 2026 | 0.1% | -6 points |
| Q1 2026 | 6.4% | -0.6 points |
| Q4 2025 | 6.6% | +0.8 points |
| Q3 2025 | 6.7% | +0.3 points |
| Q2 2025 | 6% | -0.6 points |
| Q1 2025 | 7% | +0.4 points |
| Q4 2024 | 5.8% | +0.6 points |
PSN 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 PSN on cash flow, with more consistent year-over-year improvement.
PSN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $250.8M | +68% |
| Q2 2026 | $41.5M | -72% |
| Q1 2026 | -$18.6M | +$6.6M |
| Q4 2025 | $135.6M | +26% |
| Q3 2025 | $149.7M | -48% |
| Q2 2025 | $150.4M | -1.1% |
| Q1 2025 | -$25.3M | +$47.6M |
| Q4 2024 | $108M | -40% |
PSN generated $409M in free cash flow over the past year, up 6.9% 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 | — |
PSN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -927K shares |
| 1 year | -2.1% | -2.3M shares |
| 3 years | -6.9% | -8M shares |
| 5 years | -4.8% | -5.4M shares |
| Available history | +15% | +14M shares |
PSN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $60M |
| Q2 2026 | $15M |
| Q1 2026 | $35M |
| Q4 2025 | $60M |
| Q3 2025 | $25M |
| Q2 2025 | $15M |
| Q1 2025 | $25M |
| Q4 2024 | $15M |
PSN spent $170M buying back its own shares over the past year, up 112% 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.
PSN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.4x | Moderate |
PSN 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).
PSN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 64.6 | Neutral |
PSN's weekly RSI is 49 (neutral) and its Stochastic is 65 (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 PSN on valuation relative to its sector.
PSN PE vs Industrials Sector
| Metric | PSN | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 51% above |
| PE % | 29 | 58 | 29 pts below |
PSN is trading at 36x earnings, a 51% 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.
PSN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.5 | 7.4% above |
| 20 week MA | $48.7 | 2.4% above |
| 50 week MA | $55.3 | 9.9% below |
| 100 week MA | $65.3 | 24% below |
| 200 week MA | $66.8 | 25% below |
PSN 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.
PSN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.1 | $35.2 | -14% |
| 2021 | $35.2 | $33.8 | -4.2% |
| 2022 | $33.8 | $46.1 | +36% |
| 2023 | $46.1 | $62.7 | +36% |
| 2024 | $62.7 | $93.1 | +49% |
| 2025 | $93.1 | $62.6 | -33% |
| 2026 YTD | $62.6 | $49.9 | -20% |
PSN has the edge over BA on returns for 2026, with the stronger performance.