BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
SWBI
Smith & Wesson Brands, Inc.
SWBI 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.
SWBI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Strong |
SWBI'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 SWBI in the historical PE scenario, which offers more potential upside but is not a forecast.
SWBI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.3x | $2.38 | -85% |
| Fair | 17x | $9.35 | -40% |
| Current | 28x | $15.57 | — |
| Forward | 28x | $15.57 | — |
| Expensive | 36x | $19.91 | +28% |
Historical ranges are pointers, not guarantees.
SWBI's PE is in its expensive range at 28.3x. On analysts' estimates for next year's earnings, today's price would be 27.8x.
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.
SWBI Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SWBI, 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.
SWBI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.56 | +1.8% |
| Q3 2026 | $0.55 | +104% |
| Q2 2026 | $0.41 | +37% |
| Q1 2026 | $0.26 | -60% |
| Q4 2025 | $0.22 | -72% |
| Q3 2025 | $0.27 | -64% |
| Q2 2025 | $0.30 | -65% |
| Q1 2025 | $0.65 | +14% |
| Q4 2024 | $0.78 | +22% |
SWBI's earnings per share have fallen from their peak: $0.55 over the past year, against $5.39 in late 2021.
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 SWBI on sales, with more consistent year-over-year improvement.
| 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.
SWBI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.6M | +32% |
| Q2 2026 | $178.4M | +27% |
| Q1 2026 | $135.7M | +17% |
| Q4 2025 | $124.7M | -3.9% |
| Q3 2025 | $85.1M | -3.7% |
| Q2 2025 | $140.8M | -12% |
| Q1 2025 | $115.9M | -16% |
| Q4 2024 | $129.7M | +3.8% |
SWBI's revenue is recovering but still below its 2021 peak: $113M last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +7.2 points |
| Q2 2026 | 12% | +1.6 points |
| Q1 2026 | 5% | +1.4 points |
| Q4 2025 | 3.3% | -2.1 points |
| Q3 2025 | -3.5% | -1.4 points |
| Q2 2025 | 10% | -5.5 points |
| Q1 2025 | 3.6% | -4.7 points |
| Q4 2024 | 5.4% | +2.4 points |
SWBI 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 SWBI on cash flow, with more consistent year-over-year improvement.
SWBI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$20.8M | -$8.4M |
| Q2 2026 | $69.7M | +108% |
| Q1 2026 | $16.8M | +$33M |
| Q4 2025 | $16.3M | +$27M |
| Q3 2025 | -$12.4M | +$23.1M |
| Q2 2025 | $33.5M | -12% |
| Q1 2025 | -$16.1M | -325% |
| Q4 2024 | -$10.7M | +$27.1M |
SWBI's free cash flow has turned positive after four years mostly in the red: $82M 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 | — |
SWBI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +494K shares |
| 1 year | +2.4% | +1.1M shares |
| 3 years | -1.5% | -690K shares |
| 5 years | -18% | -10.2M shares |
| Available history | -18% | -9.9M shares |
SWBI has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $2.8M |
| Q4 2024 | $9.8M |
| Q3 2024 | $12.9M |
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.
SWBI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
SWBI 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).
SWBI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.6 | Neutral |
| Stochastic | 64.3 | Neutral |
SWBI's weekly RSI is 61 (neutral) and its Stochastic is 64 (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 SWBI on valuation relative to its sector.
SWBI PE vs Industrials Sector
| Metric | SWBI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 18% above |
| PE % | 71 | 58 | 13 pts above |
SWBI is trading at 28x earnings, a 18% 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.
SWBI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.2 | 9.3% above |
| 20 week MA | $14.2 | 9.8% above |
| 50 week MA | $13.6 | 15% above |
| 100 week MA | $11.5 | 35% above |
| 200 week MA | $12.5 | 24% above |
SWBI 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.
SWBI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.08 | $18.0 | +154% |
| 2021 | $18.0 | $17.6 | -2.3% |
| 2022 | $17.6 | $8.72 | -50% |
| 2023 | $8.72 | $13.6 | +56% |
| 2024 | $13.6 | $9.94 | -27% |
| 2025 | $9.94 | $9.99 | +0.5% |
| 2026 YTD | $9.99 | $15.6 | +56% |
SWBI has the edge over BA on returns for 2026, with the stronger performance.