BA
The Boeing Company
BA has a slight edge over SWIM overall, supported by stronger valuation and stronger fundamentals.
SWIM
Latham Group, Inc.
SWIM offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
SWIM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
SWIM'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 SWIM in the historical PE scenario, which offers more potential upside but is not a forecast.
SWIM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 32x | $8.19 | — |
| Cheap | 57x | $4.59 | -44% |
| Fair | 69x | $5.50 | -33% |
| Expensive | 96x | $7.67 | -6.4% |
| Current | 102x | $8.19 | — |
Historical ranges are pointers, not guarantees.
SWIM's PE is in its expensive range at 102x. If earnings grow as analysts expect, today's price would be 32x next year's earnings, in its cheap range.
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.
SWIM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SWIM, with profitability improving. However, they disagree widely on these estimates.
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.
SWIM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.26 | +225% |
| Q3 2026 | $0.08 | +$0.17 |
| Q2 2026 | $0.05 | +$0.16 |
| Q1 2026 | $0.07 | +$0.20 |
| Q4 2025 | $0.09 | +$0.24 |
| Q3 2025 | -$0.09 | -190% |
| Q2 2025 | -$0.11 | -210% |
| Q1 2025 | -$0.13 | -425% |
| Q4 2024 | -$0.15 | -$0.13 |
SWIM has returned to profit: it earned $0.08 per share over the past year, after losing money the year before.
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 SWIM 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.
SWIM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $182.2M | +13% |
| Q2 2026 | $197.5M | +14% |
| Q1 2026 | $117.3M | +5.3% |
| Q4 2025 | $100M | +15% |
| Q3 2025 | $161.9M | +7.6% |
| Q2 2025 | $172.6M | +7.8% |
| Q1 2025 | $111.4M | +0.7% |
| Q4 2024 | $87.3M | -4% |
SWIM's revenue has grown year over year for seven quarters in a row: $182M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -0.3 points |
| Q2 2026 | 13% | -1.6 points |
| Q1 2026 | -5.6% | -1.2 points |
| Q4 2025 | -11% | +4.2 points |
| Q3 2025 | 13% | +4.4 points |
| Q2 2025 | 14% | +1.8 points |
| Q1 2025 | -4.4% | -2.6 points |
| Q4 2024 | -15% | -5 points |
SWIM 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 SWIM on cash flow, with more consistent year-over-year improvement.
SWIM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $42.7M | -5.6% |
| Q2 2026 | $48M | +65% |
| Q1 2026 | -$58.2M | -$7.9M |
| Q4 2025 | $14.1M | +$14.2M |
| Q3 2025 | $45.2M | +36% |
| Q2 2025 | $29.1M | -39% |
| Q1 2025 | -$50.3M | -$10.5M |
| Q4 2024 | -$98K | -100% |
SWIM still generates free cash flow, though less than at its 2026 peak: $46M 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 | — |
SWIM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +257K shares |
| 1 year | -0.1% | -110K shares |
| 3 years | +4.5% | +5.1M shares |
| 5 years | +6.8% | +7.6M shares |
| Available history | -1.8% | -2.2M shares |
SWIM has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | $8M |
| Q3 2022 | — |
| Q2 2022 | $15M |
| Q1 2022 | $257.7M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | $6,000 |
| Q3 2020 | — |
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.
SWIM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 3.6x | Elevated |
SWIM 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).
SWIM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.0 | Neutral |
| Stochastic | 84.2 | Overbought |
SWIM's weekly RSI is 67 (neutral) and its Stochastic is 84 (overbought).
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 SWIM on valuation relative to its sector.
SWIM PE vs Industrials Sector
| Metric | SWIM | Sector median | Relative |
|---|---|---|---|
| PE | 102x | 24x | 325% above |
| PE % | 87 | 60 | 27 pts above |
SWIM is trading at 102x earnings, a 325% 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.
SWIM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.85 | 20% above |
| 20 week MA | $6.62 | 24% above |
| 50 week MA | $6.30 | 30% above |
| 100 week MA | $6.51 | 26% above |
| 200 week MA | $5.14 | 59% above |
SWIM 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.
SWIM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $27.3 | $24.6 | -9.9% |
| 2022 | $24.6 | $3.12 | -87% |
| 2023 | $3.12 | $2.63 | -16% |
| 2024 | $2.63 | $7.00 | +166% |
| 2025 | $7.00 | $6.34 | -9.4% |
| 2026 YTD | $6.34 | $8.19 | +29% |
SWIM has the edge over BA on returns for 2026, with the stronger performance.