BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
SKYW
SkyWest, Inc.
SKYW 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.
SKYW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
SKYW's profitability and cash flow are currently healthy, and its revenue 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 SKYW in the historical PE scenario, which offers more potential upside but is not a forecast.
SKYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.8x | $82.50 | — |
| Current | 8x | $82.50 | — |
| Cheap | 8.7x | $89.40 | +8.4% |
| Fair | 12x | $122 | +48% |
| Expensive | 28x | $292 | +254% |
Historical ranges are pointers, not guarantees.
SKYW's PE is in its cheap range at 8.0x. On analysts' estimates for next year's earnings, today's price would be 7.8x.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over SKYW on the outlook, with more favorable profitability expectations.
SKYW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SKYW, 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.
SKYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.56 | +2.2% |
| Q3 2026 | $10.33 | -1.4% |
| Q2 2026 | $10.06 | +2.3% |
| Q1 2026 | $10.43 | +19% |
| Q4 2025 | $10.35 | +33% |
| Q3 2025 | $10.48 | +82% |
| Q2 2025 | $9.83 | +137% |
| Q1 2025 | $8.74 | +227% |
| Q4 2024 | $7.77 | +909% |
SKYW 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.
SKYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +6.4% |
| Q2 2026 | $1.1B | +6.5% |
| Q1 2026 | $1B | +6.8% |
| Q4 2025 | $1B | +8.5% |
| Q3 2025 | $1.1B | +15% |
| Q2 2025 | $1B | +19% |
| Q1 2025 | $948.5M | +18% |
| Q4 2024 | $944.4M | +26% |
SKYW's revenue has grown year over year for 12 quarters in a row: $1.1B last quarter, up 6.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -0.8 points |
| Q2 2026 | 14% | -2.3 points |
| Q1 2026 | 12% | -2.5 points |
| Q4 2025 | 13% | -2.2 points |
| Q3 2025 | 17% | +2.2 points |
| Q2 2025 | 16% | +2.6 points |
| Q1 2025 | 15% | +2.3 points |
| Q4 2024 | 15% | +12 points |
SKYW 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 SKYW on cash flow, with more consistent year-over-year improvement.
SKYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $124.8M | -45% |
| Q2 2026 | $283.9M | +141% |
| Q1 2026 | $130.4M | -20% |
| Q4 2025 | $224.3M | +38% |
| Q3 2025 | $225.4M | +127% |
| Q2 2025 | $117.6M | -5.5% |
| Q1 2025 | $162.6M | +6% |
| Q4 2024 | $162.7M | -28% |
SKYW generated $763M in free cash flow over the past year, up 14% 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 | — |
SKYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -793K shares |
| 1 year | -6.2% | -2.6M shares |
| 3 years | -8.8% | -3.8M shares |
| 5 years | -23% | -11.9M shares |
| Available history | -24% | -12M shares |
SKYW has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | $8.8M |
| Q3 2023 | $50.5M |
| Q2 2023 | $96M |
| Q1 2023 | $100M |
| Q4 2020 | $6.2M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $26.2M |
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.
SKYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.3x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.8x | Moderate |
SKYW 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).
SKYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.4 | Neutral |
| Stochastic | 6.7 | Oversold |
SKYW's weekly RSI is 38 (neutral) and its Stochastic is 7 (oversold).
BA PE vs Industrials Sector
| Metric | BA | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 0 | 58 | 58 pts below |
BA is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x, though its earnings don't support one.
SKYW PE vs Industrials Sector
| Metric | SKYW | Sector median | Relative |
|---|---|---|---|
| PE | 8x | 24x | 67% below |
| PE % | 12 | 58 | 46 pts below |
SKYW has the edge over BA on valuation relative to its sector.
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.
SKYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.5 | 8.8% below |
| 20 week MA | $97.0 | 15% below |
| 50 week MA | $95.9 | 14% below |
| 100 week MA | $99.1 | 17% below |
| 200 week MA | $77.8 | 6% above |
SKYW 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.
SKYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.9 | $40.4 | -38% |
| 2021 | $40.4 | $41.3 | +2.1% |
| 2022 | $41.3 | $15.6 | -62% |
| 2023 | $15.6 | $52.2 | +235% |
| 2024 | $52.2 | $101.3 | +94% |
| 2025 | $101.3 | $102.8 | +1.5% |
| 2026 YTD | $102.8 | $82.5 | -20% |
SKYW has the edge over BA on returns for 2026, with the stronger performance.