BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TRI
Thomson Reuters Corporation
TRI 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.
TRI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TRI'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 TRI in the historical PE scenario, which offers more potential upside but is not a forecast.
TRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $44.01 | -60% |
| Forward | 25x | $109 | — |
| Current | 29x | $109 | — |
| Fair | 30x | $111 | +1.2% |
| Expensive | 44x | $163 | +49% |
Historical ranges are pointers, not guarantees.
TRI's PE is in its fair range at 29x. If earnings grow as analysts expect, today's price would be 25x 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.
TRI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TRI, 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 TRI on earnings, with more consistent year-over-year improvement.
TRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.45 | +19% |
| Q2 2026 | $3.74 | +4.5% |
| Q1 2026 | $3.42 | -28% |
| Q4 2025 | $3.35 | -31% |
| Q3 2025 | $3.85 | -25% |
| Q2 2025 | $3.58 | -32% |
| Q1 2025 | $4.75 | -10% |
| Q4 2024 | $4.85 | -16% |
| Q3 2024 | $5.12 | +6% |
TRI's earnings per share have fallen from their peak: $3.74 over the past year, against $13.97 in mid-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's revenue has grown year over year for seven quarters in a row: $24.2B last quarter, up 3.9% from the same quarter a year ago.
| 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.
TRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2B | +9.5% |
| Q1 2026 | $2.1B | +9.8% |
| Q4 2025 | $2B | +5.2% |
| Q3 2025 | $1.8B | +3.4% |
| Q2 2025 | $1.8B | +2.6% |
| Q1 2025 | $1.9B | +0.8% |
| Q4 2024 | $1.9B | +5.2% |
| Q3 2024 | $1.7B | +8.2% |
TRI's revenue has grown year over year every quarter since late 2020: $2B last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +4.1 points |
| Q1 2026 | 30% | +0.8 points |
| Q4 2025 | 19% | -19 points |
| Q3 2025 | 33% | +9.2 points |
| Q2 2025 | 24% | +0.6 points |
| Q1 2025 | 30% | +0.1 points |
| Q4 2024 | 38% | +7.1 points |
| Q3 2024 | 24% | -3.6 points |
TRI 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 TRI on cash flow, with more consistent year-over-year improvement.
TRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $722.3M | +21% |
| Q1 2026 | $349M | +19% |
| Q4 2025 | $607.4M | +54% |
| Q3 2025 | $537.3M | -12% |
| Q2 2025 | $597.9M | +8.5% |
| Q1 2025 | $293.1M | +2.6% |
| Q4 2024 | $395M | -33% |
| Q3 2024 | $609.5M | +16% |
TRI's free cash flow has been positive every quarter for seven years: $2.2B over the past year, up 17% 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 | — |
TRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +820K shares |
| 1 year | -2.8% | -12.6M shares |
| 3 years | -6.8% | -31.8M shares |
| 5 years | -8.5% | -40.7M shares |
| Available history | -9.2% | -44.6M shares |
TRI has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $685.1M |
| Q1 2026 | $262M |
| Q4 2025 | $335.3M |
| Q3 2025 | $672.7M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $5M |
| Q3 2024 | $34,300 |
TRI spent $2B buying back its own shares over the past year, more than ten 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.
TRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
| Q3 2024 | 0.6x | Very low |
TRI 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).
TRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.0 | Neutral |
| Stochastic | 65.0 | Neutral |
TRI's weekly RSI is 54 (neutral) and its Stochastic is 65 (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 TRI on valuation relative to its sector.
TRI PE vs Industrials Sector
| Metric | TRI | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 22% above |
| PE % | 48 | 58 | 10 pts below |
TRI is trading at 29x earnings, a 22% 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.
TRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.0 | 0.2% above |
| 20 week MA | $102.5 | 6.6% above |
| 50 week MA | $101.7 | 7.4% above |
| 100 week MA | $139.1 | 21% below |
| 200 week MA | $144.0 | 24% below |
TRI 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.
TRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.8 | $85.0 | +12% |
| 2021 | $85.0 | $123.2 | +45% |
| 2022 | $123.2 | $119.5 | -3% |
| 2023 | $119.5 | $148.6 | +24% |
| 2024 | $148.6 | $164.6 | +11% |
| 2025 | $164.6 | $135.4 | -18% |
| 2026 YTD | $135.4 | $109.3 | -19% |
TRI has the edge over BA on returns for 2026, with the stronger performance.