BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
STN
Stantec Inc.
STN has a slight edge over BA overall, supported by 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.
STN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
STN's revenue, profitability and cash flow are currently healthy, and its balance sheet is 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 STN in the historical PE scenario, which offers more potential upside but is not a forecast.
STN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $75.87 | +1% |
| Current | 24x | $75.13 | — |
| Fair | 36x | $113 | +51% |
| Expensive | 40x | $125 | +67% |
Historical ranges are pointers, not guarantees.
STN's PE is 24x, but its earnings don't support one, so it isn't a reliable read right now.
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.
STN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for STN, 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.
STN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.12 | +16% |
| Q1 2026 | $3.03 | +27% |
| Q4 2025 | $2.96 | +32% |
| Q3 2025 | $2.99 | +42% |
| Q2 2025 | $2.69 | +26% |
| Q1 2025 | $2.38 | +9.7% |
| Q4 2024 | $2.25 | +7.1% |
| Q3 2024 | $2.11 | +0.5% |
STN 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 has the edge over STN on sales, with stronger typical year-over-year growth.
| 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.
STN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | +23% |
| Q1 2026 | $1.5B | +7.8% |
| Q4 2025 | $1.5B | +7.9% |
| Q3 2025 | $1.5B | +11% |
| Q2 2025 | $1B | -24% |
| Q1 2025 | $1.4B | +12% |
| Q4 2024 | $1.4B | +22% |
| Q3 2024 | $1.4B | +55% |
STN's revenue has grown year over year for four quarters in a row: $1.3B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | +5 points |
| Q1 2026 | 8.4% | +0.5 points |
| Q4 2025 | 8.7% | +1.1 points |
| Q3 2025 | 10% | +1.5 points |
| Q2 2025 | 9.4% | +1.3 points |
| Q1 2025 | 8% | +1.1 points |
| Q4 2024 | 7.6% | +0.3 points |
| Q3 2024 | 8.8% | -1.4 points |
STN 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 STN on cash flow, with more consistent year-over-year improvement.
STN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $69.3M | -14% |
| Q1 2026 | -$16.8M | -128% |
| Q4 2025 | $203.6M | -4.7% |
| Q3 2025 | $212M | +110% |
| Q2 2025 | $80.8M | +234% |
| Q1 2025 | $59.5M | +281% |
| Q4 2024 | $213.5M | +25% |
| Q3 2024 | $101.1M | +27% |
STN generated $468M in free cash flow over the past year, up 2.9% 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 | — |
STN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -507K shares |
| 1 year | -0.4% | -507K shares |
| 3 years | +2.3% | +2.5M shares |
| 5 years | +1.6% | +1.8M shares |
| Available history | +1.8% | +2M shares |
STN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $123.7M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
STN spent $124M buying back its own shares over the past year, after none the year before.
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.
STN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 2.0x | Moderate |
| Q3 2024 | 2.4x | Moderate |
STN 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).
STN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.7 | Neutral |
| Stochastic | 62.9 | Neutral |
STN's weekly RSI is 52 (neutral) and its Stochastic is 63 (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 STN on valuation relative to its sector.
STN PE vs Industrials Sector
| Metric | STN | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | Same PE |
| PE % | 15 | 58 | 43 pts below |
STN is trading at 24x earnings, in line with the Industrials sector's median of 24x, though its earnings don't support one.
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.
STN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $70.7 | 6.3% above |
| 20 week MA | $71.0 | 5.8% above |
| 50 week MA | $81.2 | 7.5% below |
| 100 week MA | $89.0 | 16% below |
| 200 week MA | $80.9 | 7.2% below |
STN 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 STN on returns for 2026, with the stronger performance.
STN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.1 | $32.2 | +14% |
| 2021 | $32.2 | $55.4 | +72% |
| 2022 | $55.4 | $47.1 | -15% |
| 2023 | $47.1 | $80.2 | +70% |
| 2024 | $80.2 | $78.9 | -1.6% |
| 2025 | $78.9 | $96.1 | +22% |
| 2026 YTD | $96.1 | $75.1 | -22% |
STN has finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.