BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
SARO
StandardAero, Inc.
SARO 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.
SARO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Stable |
SARO's profitability is currently healthy, and its revenue, cash flow 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 SARO in the historical PE scenario, which offers more potential upside but is not a forecast.
SARO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $27.56 | — |
| Cheap | 25x | $25.85 | -6.2% |
| Current | 26x | $27.56 | — |
| Fair | 30x | $31.90 | +16% |
| Expensive | 33x | $35.00 | +27% |
Historical ranges are pointers, not guarantees.
SARO's PE is in its cheap range at 26x. If earnings grow as analysts expect, today's price would be 16x 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.
SARO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SARO, 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.
SARO Earnings Per Share
SARO has the edge over BA in the latest year-over-year earnings comparison.
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.
SARO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +4% |
| Q2 2026 | $1.6B | +4.6% |
| Q1 2026 | $1.6B | +13% |
| Q4 2025 | $1.6B | +14% |
| Q3 2025 | $1.5B | +20% |
| Q2 2025 | $1.5B | +13% |
| Q1 2025 | $1.4B | +16% |
| Q4 2024 | $1.4B | +22% |
SARO's revenue has grown year over year every quarter since early 2024: $1.6B last quarter, up 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +1.2 points |
| Q2 2026 | 11% | +1.7 points |
| Q1 2026 | 8.8% | -0.2 points |
| Q4 2025 | 9.3% | +2.6 points |
| Q3 2025 | 9.2% | +1.3 points |
| Q2 2025 | 8.9% | +1.1 points |
| Q1 2025 | 9% | +0.4 points |
| Q4 2024 | 6.7% | -0.2 points |
SARO 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 SARO on cash flow, with more consistent year-over-year improvement.
SARO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $98.2M | +$102.9M |
| Q2 2026 | $51.3M | +$70.3M |
| Q1 2026 | -$135.1M | -$85.8M |
| Q2 2025 | -$19M | -149% |
| Q1 2025 | -$49.3M | +$52.8M |
| Q2 2024 | $38.6M | +$149M |
| Q1 2024 | -$102.1M | +$8.3M |
SARO's free cash flow has turned positive after two years mostly in the red: $322M over the past year.
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 | — |
SARO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -1.3M shares |
| 1 year | -1% | -3.4M shares |
| 3 years | -1% | -3.4M shares |
SARO has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $40M |
| Q1 2026 | $60.1M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
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.
SARO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 3.7x | Elevated |
SARO 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).
SARO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.0 | Neutral |
| Stochastic | 58.4 | Neutral |
SARO's weekly RSI is 57 (neutral) and its Stochastic is 58 (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 SARO on valuation relative to its sector.
SARO PE vs Industrials Sector
| Metric | SARO | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 9.1% above |
| PE % | 27 | 32 | 5 pts below |
SARO is trading at 26x earnings, in line with 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 |
SARO has stronger trend alignment. BA is above 0 of 5 weekly averages versus SARO above 4 of 4.
SARO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.2 | 19% above |
| 20 week MA | $25.3 | 8.8% above |
| 50 week MA | $27.0 | 2.1% above |
| 100 week MA | $27.1 | 1.5% above |
SARO is in an uptrend: it's above all four of its weekly moving averages, and 1.5% above its 100-week average.
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.
SARO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $32.5 | $25.6 | -21% |
| 2025 | $25.6 | $29.2 | +14% |
| 2026 YTD | $29.2 | $27.6 | -5.5% |
SARO has the edge over BA on returns for 2026, with the stronger performance.