BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TFII
TFI International Inc.
TFII has a slight 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.
TFII Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
TFII'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 TFII in the historical PE scenario, which offers more potential upside but is not a forecast.
TFII PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $56.59 | -41% |
| Forward | 15x | $96.09 | — |
| Fair | 20x | $88.07 | -8.3% |
| Current | 22x | $96.09 | — |
| Expensive | 31x | $135 | +40% |
Historical ranges are pointers, not guarantees.
TFII's PE is in its fair range at 22x. If earnings grow as analysts expect, today's price would be 15x 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.
TFII Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TFII, 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 the edge over TFII on earnings, with more consistent year-over-year improvement.
TFII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.59 | +50% |
| Q2 2026 | $4.40 | +1.6% |
| Q1 2026 | $3.94 | -12% |
| Q4 2025 | $4.07 | -17% |
| Q3 2025 | $3.84 | -30% |
| Q2 2025 | $4.33 | -22% |
| Q1 2025 | $4.50 | -21% |
| Q4 2024 | $4.93 | -16% |
| Q3 2024 | $5.52 | -8.3% |
TFII's earnings per share have fallen from their peak: $4.40 over the past year, against $9.03 in late 2022.
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 TFII 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.
TFII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.3B | +11% |
| Q1 2026 | $1.9B | -0.8% |
| Q4 2025 | $2.7B | +28% |
| Q3 2025 | $1.9B | -11% |
| Q2 2025 | $2.1B | -8.5% |
| Q1 2025 | $2B | +5% |
| Q4 2024 | $2.1B | +2.7% |
| Q3 2024 | $2.2B | +14% |
TFII's revenue has picked up after three years of holding roughly level: $2.3B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.3% | +1.1 points |
| Q1 2026 | 4.4% | -1.4 points |
| Q4 2025 | 6.6% | -0.9 points |
| Q3 2025 | 7.6% | -1.7 points |
| Q2 2025 | 8.2% | -0.9 points |
| Q1 2025 | 5.8% | -2.3 points |
| Q4 2024 | 7.5% | -2.8 points |
| Q3 2024 | 9.3% | -1.2 points |
TFII 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 TFII on cash flow, with more consistent year-over-year improvement.
TFII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $180M | +8.7% |
| Q1 2026 | $94.3M | -38% |
| Q4 2025 | $277.9M | +51% |
| Q3 2025 | $181.5M | -21% |
| Q2 2025 | $165.6M | +28% |
| Q1 2025 | $152.8M | +25% |
| Q4 2024 | $183.7M | -19% |
| Q3 2024 | $229M | +46% |
TFII's free cash flow has been positive every quarter for six years: $734M over the past year, about the same as 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 | — |
TFII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +24.9K shares |
| 1 year | -1.5% | -1.2M shares |
| 3 years | -5.4% | -4.7M shares |
| 5 years | -14% | -12.9M shares |
| Available history | -17% | -16.6M shares |
TFII has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $4.5M |
| Q1 2026 | $12M |
| Q4 2025 | $24M |
| Q3 2025 | $66.5M |
| Q2 2025 | $86.5M |
| Q1 2025 | $72.9M |
| Q4 2024 | $41M |
| Q3 2024 | $682,511 |
TFII spent $107M buying back its own shares over the past year, down 47% from 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.
TFII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.3x | Moderate |
| Q3 2024 | 2.4x | Moderate |
TFII 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).
TFII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.3 | Neutral |
| Stochastic | 5.0 | Oversold |
TFII's weekly RSI is 31 (neutral) and its Stochastic is 5 (oversold).
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 TFII on valuation relative to its sector.
TFII PE vs Industrials Sector
| Metric | TFII | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 9.3% below |
| PE % | 53 | 58 | 5 pts below |
TFII is trading at 22x 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 |
BA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
TFII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $108.1 | 11% below |
| 20 week MA | $127.4 | 25% below |
| 50 week MA | $124.8 | 23% below |
| 100 week MA | $110.5 | 13% below |
| 200 week MA | $120.8 | 20% below |
TFII is in a downtrend: it's below all five of its weekly moving averages, and 20% below its 200-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.
TFII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.0 | $51.6 | +52% |
| 2021 | $51.6 | $108.7 | +111% |
| 2022 | $108.7 | $101.4 | -6.7% |
| 2023 | $101.4 | $136.0 | +34% |
| 2024 | $136.0 | $137.7 | +1.3% |
| 2025 | $137.7 | $106.3 | -23% |
| 2026 YTD | $106.3 | $96.1 | -9.6% |
TFII has the edge over BA on returns for 2026, with the stronger performance.