BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
PWR
Quanta Services, Inc.
PWR has the edge over BA overall, supported by stronger modeled upside and lower modeled downside.
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.
PWR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
PWR'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 PWR in the historical PE scenario, which offers more potential upside but is not a forecast.
PWR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $287 | -53% |
| Forward | 30x | $606 | — |
| Fair | 46x | $512 | -15% |
| Current | 55x | $606 | — |
| Expensive | 62x | $690 | +14% |
Historical ranges are pointers, not guarantees.
PWR's PE is in its expensive range at 55x. If earnings grow as analysts expect, today's price would be 30x 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.
PWR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PWR, 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.
PWR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.51 | +86% |
| Q3 2026 | $11.04 | +64% |
| Q2 2026 | $8.73 | +35% |
| Q1 2026 | $7.29 | +18% |
| Q4 2025 | $6.80 | +13% |
| Q3 2025 | $6.75 | +25% |
| Q2 2025 | $6.46 | +22% |
| Q1 2025 | $6.20 | +20% |
| Q4 2024 | $6.03 | +21% |
PWR 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'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.
PWR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12B | +57% |
| Q2 2026 | $9.6B | +41% |
| Q1 2026 | $7.9B | +26% |
| Q4 2025 | $7.8B | +20% |
| Q3 2025 | $7.6B | +18% |
| Q2 2025 | $6.8B | +21% |
| Q1 2025 | $6.2B | +24% |
| Q4 2024 | $6.6B | +13% |
PWR has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.5% | +1.8 points |
| Q2 2026 | 7.3% | +1.8 points |
| Q1 2026 | 4.3% | +0.5 points |
| Q4 2025 | 6.2% | -0.7 points |
| Q3 2025 | 6.8% | +0.1 points |
| Q2 2025 | 5.5% | 0 points |
| Q1 2025 | 3.8% | +0.8 points |
| Q4 2024 | 6.9% | +1.3 points |
PWR 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 PWR on cash flow, with more consistent year-over-year improvement.
PWR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +182% |
| Q2 2026 | $864.5M | +456% |
| Q1 2026 | $171.7M | +55% |
| Q4 2025 | $934M | +65% |
| Q3 2025 | $421M | -20% |
| Q2 2025 | $155.4M | -32% |
| Q1 2025 | $110.4M | -29% |
| Q4 2024 | $565M | -37% |
PWR generated $3.2B in free cash flow over the past year, up 152% 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 | — |
PWR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +254K shares |
| 1 year | +0.8% | +1.2M shares |
| 3 years | +2.6% | +3.9M shares |
| 5 years | +5.8% | +8.4M shares |
| Available history | +3.5% | +5.2M shares |
PWR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $16M |
| Q1 2025 | $118.6M |
| Q4 2023 | $350,000 |
PWR hasn't bought back shares in the past year.
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.
PWR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.6x | Healthy |
PWR 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).
PWR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 37.2 | Neutral |
PWR's weekly RSI is 48 (neutral) and its Stochastic is 37 (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 PWR on valuation relative to its sector.
PWR PE vs Industrials Sector
| Metric | PWR | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 24x | 128% above |
| PE % | 71 | 58 | 13 pts above |
PWR is trading at 55x earnings, a 128% 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.
PWR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $622.2 | 2.6% below |
| 20 week MA | $636.9 | 4.8% below |
| 50 week MA | $599.6 | 1.1% above |
| 100 week MA | $476.2 | 27% above |
| 200 week MA | $350.0 | 73% above |
PWR 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.
PWR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $70.9 | +74% |
| 2021 | $70.9 | $111.9 | +58% |
| 2022 | $111.9 | $144.2 | +29% |
| 2023 | $144.2 | $215.8 | +50% |
| 2024 | $215.8 | $323.1 | +50% |
| 2025 | $323.1 | $432.7 | +34% |
| 2026 YTD | $432.7 | $606.2 | +40% |
PWR has the edge over BA on returns for 2026, with the stronger performance.