BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
RTX
RTX Corporation
RTX 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.
RTX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
RTX'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 RTX in the historical PE scenario, which offers more potential upside but is not a forecast.
RTX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $158 | -20% |
| Forward | 26x | $198 | — |
| Current | 32x | $198 | — |
| Fair | 35x | $215 | +8.2% |
| Expensive | 41x | $252 | +27% |
Historical ranges are pointers, not guarantees.
RTX's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 26x next year's earnings.
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.
RTX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RTX, 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.
RTX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.78 | +26% |
| Q3 2026 | $6.16 | +26% |
| Q2 2026 | $5.68 | +25% |
| Q1 2026 | $5.33 | +56% |
| Q4 2025 | $4.96 | +40% |
| Q3 2025 | $4.87 | +40% |
| Q2 2025 | $4.55 | +165% |
| Q1 2025 | $3.41 | +34% |
| Q4 2024 | $3.55 | +59% |
RTX 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.
RTX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $25B | +11% |
| Q2 2026 | $24.7B | +14% |
| Q1 2026 | $22.1B | +8.7% |
| Q4 2025 | $24.2B | +12% |
| Q3 2025 | $22.5B | +12% |
| Q2 2025 | $21.6B | +9.4% |
| Q1 2025 | $20.3B | +5.2% |
| Q4 2024 | $21.6B | +8.5% |
RTX's revenue has grown year over year for 12 quarters in a row: $25B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.1 points |
| Q2 2026 | 11% | +1.4 points |
| Q1 2026 | 12% | +1.6 points |
| Q4 2025 | 11% | +1 points |
| Q3 2025 | 11% | +1.1 points |
| Q2 2025 | 9.9% | +7.3 points |
| Q1 2025 | 10% | +0.3 points |
| Q4 2024 | 9.8% | +0.8 points |
RTX 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 RTX on cash flow, with more consistent year-over-year improvement.
RTX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1B | -47% |
| Q2 2026 | $2.9B | +$3B |
| Q1 2026 | $1.3B | +65% |
| Q4 2025 | $3.2B | +549% |
| Q3 2025 | $4B | +104% |
| Q2 2025 | -$72M | -103% |
| Q1 2025 | $792M | +$917M |
| Q4 2024 | $492M | -87% |
RTX generated $9.5B in free cash flow over the past year, up 81% 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 | — |
RTX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.1M shares |
| 1 year | +0.7% | +9.7M shares |
| 3 years | -5.5% | -80M shares |
| 5 years | -9.2% | -138M shares |
| Available history | -0.3% | -4.6M shares |
RTX 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 | — |
| Q1 2025 | $50M |
| Q4 2024 | $50M |
RTX 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.
RTX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.0x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.3x | Elevated |
RTX 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).
RTX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 35.3 | Neutral |
RTX's weekly RSI is 52 (neutral) and its Stochastic is 35 (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 RTX on valuation relative to its sector.
RTX PE vs Industrials Sector
| Metric | RTX | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 34% above |
| PE % | 31 | 58 | 27 pts below |
RTX is trading at 32x earnings, a 34% 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.
RTX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $191.6 | 3.5% above |
| 20 week MA | $200.5 | 1.1% below |
| 50 week MA | $193.9 | 2.3% above |
| 100 week MA | $168.6 | 18% above |
| 200 week MA | $133.5 | 49% above |
RTX 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.
RTX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.6 | $70.3 | -21% |
| 2021 | $70.3 | $84.9 | +21% |
| 2022 | $84.9 | $99.3 | +17% |
| 2023 | $99.3 | $84.1 | -15% |
| 2024 | $84.1 | $116.7 | +39% |
| 2025 | $116.7 | $185.2 | +59% |
| 2026 YTD | $185.2 | $198.4 | +7.1% |
RTX has the edge over BA on returns for 2026, with the stronger performance.