BA
The Boeing Company
BA has slightly lower modeled downside risk, despite its lower overall score.
ROAD
Construction Partners, Inc.
ROAD has the edge over BA overall, supported by stronger valuation and stronger modeled upside.
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.
ROAD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
ROAD's revenue, profitability and cash flow are currently healthy, but its balance sheet is 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 ROAD in the historical PE scenario, which offers more potential upside but is not a forecast.
ROAD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $81.02 | — |
| Current | 32x | $81.02 | — |
| Cheap | 35x | $88.40 | +9.1% |
| Fair | 58x | $149 | +84% |
| Expensive | 79x | $202 | +150% |
Historical ranges are pointers, not guarantees.
ROAD's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over ROAD on the outlook, with more favorable profitability expectations.
ROAD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for ROAD, with profitability 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.
ROAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.28 | +28% |
| Q2 2026 | $2.56 | +88% |
| Q1 2026 | $2.29 | +97% |
| Q4 2025 | $2.21 | +108% |
| Q3 2025 | $1.84 | +40% |
| Q2 2025 | $1.36 | 0% |
| Q1 2025 | $1.16 | -1.7% |
| Q4 2024 | $1.06 | -2.8% |
| Q3 2024 | $1.31 | +39% |
ROAD 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.
ROAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $999.4M | +28% |
| Q1 2026 | $769.2M | +35% |
| Q4 2025 | $809.5M | +44% |
| Q3 2025 | $899.8M | +67% |
| Q2 2025 | $779.3M | +50% |
| Q1 2025 | $571.7M | +54% |
| Q4 2024 | $561.6M | +42% |
| Q3 2024 | $538.2M | +13% |
ROAD has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +0.3 points |
| Q1 2026 | 4.9% | +0.1 points |
| Q4 2025 | 6.2% | +3.8 points |
| Q3 2025 | 11% | +2.7 points |
| Q2 2025 | 11% | +1.8 points |
| Q1 2025 | 4.8% | +3.9 points |
| Q4 2024 | 2.5% | -1.8 points |
| Q3 2024 | 8.5% | -0.9 points |
ROAD 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 ROAD on cash flow, with more consistent year-over-year improvement.
ROAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $30.6M | -34% |
| Q1 2026 | $18.9M | +33% |
| Q4 2025 | $47.1M | +241% |
| Q3 2025 | $78.9M | +0.7% |
| Q2 2025 | $46.4M | +135% |
| Q1 2025 | $14.2M | +$24.8M |
| Q4 2024 | $13.8M | -59% |
| Q3 2024 | $78.4M | +79% |
ROAD generated $176M in free cash flow over the past year, up 15% 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 | — |
ROAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +13.4K shares |
| 1 year | +1.1% | +615K shares |
| 3 years | +7.6% | +4M shares |
| 5 years | +8.5% | +4.4M shares |
| Available history | +9.4% | +4.8M shares |
ROAD has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.8M |
| Q1 2026 | $3.5M |
| Q4 2025 | $22.4M |
| Q4 2024 | $12.1M |
| Q4 2023 | $1.3M |
| Q4 2022 | $139,000 |
| Q4 2021 | $39,000 |
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 has the edge over ROAD on leverage, with a lower net debt burden relative to earnings.
ROAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 5.2x | High |
| Q3 2024 | 2.2x | Moderate |
ROAD's net debt is about 3.6 years of its operating earnings (EBITDA), down from 4.4 years a year ago.
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).
ROAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.7 | Neutral |
| Stochastic | 14.2 | Oversold |
ROAD's weekly RSI is 38 (neutral) and its Stochastic is 14 (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 ROAD on valuation relative to its sector.
ROAD PE vs Industrials Sector
| Metric | ROAD | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 32% above |
| PE % | 14 | 58 | 44 pts below |
ROAD is trading at 32x earnings, a 32% 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.
ROAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $85.7 | 5.4% below |
| 20 week MA | $98.1 | 17% below |
| 50 week MA | $109.8 | 26% below |
| 100 week MA | $104.4 | 22% below |
| 200 week MA | $75.9 | 6.8% above |
ROAD 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 the edge over ROAD on returns for 2026, with the stronger performance.
ROAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $27.6 | +63% |
| 2021 | $27.6 | $29.3 | +6.2% |
| 2022 | $29.3 | $26.9 | -8.4% |
| 2023 | $26.9 | $43.5 | +62% |
| 2024 | $43.5 | $89.9 | +106% |
| 2025 | $89.9 | $113.1 | +26% |
| 2026 YTD | $113.1 | $81.0 | -28% |
ROAD has finished higher in five of the last six years, three of them by more than 50%. It's down 28% so far in 2026.