BA
The Boeing Company
BA has slightly lower modeled downside risk, despite its lower overall score.
TREX
Trex Company, Inc.
TREX has the edge over BA overall, supported by stronger valuation.
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.
TREX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TREX'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 TREX in the historical PE scenario, which offers more potential upside but is not a forecast.
TREX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $45.26 | -14% |
| Forward | 26x | $52.81 | — |
| Current | 31x | $52.81 | — |
| Fair | 35x | $60.14 | +14% |
| Expensive | 54x | $93.43 | +77% |
Historical ranges are pointers, not guarantees.
TREX's PE is in its fair range at 31x. If earnings grow as analysts expect, today's price would be 26x 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.
TREX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for TREX, 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 the edge over TREX on earnings, with more consistent year-over-year improvement.
TREX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.04 | +18% |
| Q3 2026 | $1.73 | -6.5% |
| Q2 2026 | $1.69 | -2.9% |
| Q1 2026 | $1.80 | -1.6% |
| Q4 2025 | $1.78 | -15% |
| Q3 2025 | $1.85 | -16% |
| Q2 2025 | $1.74 | -28% |
| Q1 2025 | $1.83 | -21% |
| Q4 2024 | $2.09 | +11% |
TREX's earnings per share have fallen from their peak: $1.73 over the past year, against $2.42 in mid-2024.
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 TREX 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.
TREX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $359.5M | +26% |
| Q2 2026 | $418M | +7.8% |
| Q1 2026 | $343.4M | +1% |
| Q4 2025 | $161.1M | -3.9% |
| Q3 2025 | $285.3M | +22% |
| Q2 2025 | $387.8M | +3% |
| Q1 2025 | $340M | -9% |
| Q4 2024 | $167.6M | -14% |
TREX's revenue has picked up after four years of holding roughly level: $360M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -4.5 points |
| Q2 2026 | 21% | -5.8 points |
| Q1 2026 | 24% | +0.3 points |
| Q4 2025 | 2.2% | -7.1 points |
| Q3 2025 | 25% | +1.4 points |
| Q2 2025 | 26% | -4.7 points |
| Q1 2025 | 24% | -7.8 points |
| Q4 2024 | 9.2% | -5.1 points |
TREX 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 TREX on cash flow, with more consistent year-over-year improvement.
TREX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $136M | -4.9% |
| Q2 2026 | $184.5M | -9.1% |
| Q1 2026 | -$141.5M | +$92M |
| Q4 2025 | $22.1M | +$111.4M |
| Q3 2025 | $142.9M | +162% |
| Q2 2025 | $203M | +28% |
| Q1 2025 | -$233.5M | -$21.7M |
| Q4 2024 | -$89.3M | -286% |
TREX still generates free cash flow, though less than at its 2025 peak: $201M 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 | — |
TREX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -558K shares |
| 1 year | -5.1% | -5.5M shares |
| 3 years | -6.3% | -6.9M shares |
| 5 years | -12% | -13.8M shares |
| Available history | -13% | -15.2M shares |
TREX has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.1M |
| Q2 2026 | $70.7M |
| Q1 2026 | $82.8M |
| Q4 2025 | $50.4M |
| Q3 2025 | $25,000 |
| Q2 2025 | — |
| Q1 2025 | $4M |
| Q4 2024 | $50.3M |
TREX spent $259M buying back its own shares over the past year, about five times what it spent 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.
TREX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 0.6x | Very low |
TREX 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).
TREX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 74.3 | Neutral |
TREX's weekly RSI is 62 (neutral) and its Stochastic is 74 (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 TREX on valuation relative to its sector.
TREX PE vs Industrials Sector
| Metric | TREX | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 27% above |
| PE % | 35 | 58 | 23 pts below |
TREX is trading at 31x earnings, a 27% 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.
TREX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.5 | 8.9% above |
| 20 week MA | $47.0 | 12% above |
| 50 week MA | $42.8 | 23% above |
| 100 week MA | $50.4 | 4.9% above |
| 200 week MA | $60.3 | 12% below |
TREX 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.
TREX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.2 | $86.3 | +91% |
| 2021 | $86.3 | $132.8 | +54% |
| 2022 | $132.8 | $41.9 | -68% |
| 2023 | $41.9 | $82.8 | +98% |
| 2024 | $82.8 | $70.3 | -15% |
| 2025 | $70.3 | $35.7 | -49% |
| 2026 YTD | $35.7 | $52.8 | +48% |
TREX has the edge over BA on returns for 2026, with the stronger performance.