BA
The Boeing Company
BA has the edge over TRNS overall, supported by stronger valuation and stronger fundamentals.
TRNS
Transcat, Inc.
TRNS's outlook is improving despite an expensive 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.
TRNS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Stable |
TRNS's revenue is currently healthy, and its profitability, cash flow 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 TRNS in the historical PE scenario, which offers more potential upside but is not a forecast.
TRNS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 38x | $17.80 | -83% |
| Forward | 47x | $106 | — |
| Fair | 54x | $25.31 | -76% |
| Expensive | 83x | $39.15 | -63% |
| Current | 226x | $106 | — |
Historical ranges are pointers, not guarantees.
TRNS's PE is in its expensive range at 226x. If earnings grow as analysts expect, today's price would be 47x 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.
TRNS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TRNS, 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 TRNS on earnings, with more consistent year-over-year improvement.
TRNS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.27 | +383% |
| Q3 2026 | $0.47 | -62% |
| Q2 2026 | $0.36 | -75% |
| Q1 2026 | $0.57 | -64% |
| Q4 2025 | $0.86 | -54% |
| Q3 2025 | $1.23 | -39% |
| Q2 2025 | $1.44 | -17% |
| Q1 2025 | $1.57 | -3.7% |
| Q4 2024 | $1.89 | +45% |
TRNS's earnings per share have fallen from their peak: $0.47 over the past year, against $2.02 in late 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'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.
TRNS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $97.1M | +18% |
| Q2 2026 | $92.9M | +22% |
| Q1 2026 | $89.3M | +16% |
| Q4 2025 | $83.9M | +26% |
| Q3 2025 | $82.3M | +21% |
| Q2 2025 | $76.4M | +15% |
| Q1 2025 | $77.1M | +8.8% |
| Q4 2024 | $66.8M | +2.4% |
TRNS has the edge over BA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.2% | +0.9 points |
| Q2 2026 | 4% | -3 points |
| Q1 2026 | 4.8% | -4.2 points |
| Q4 2025 | 0.1% | -3 points |
| Q3 2025 | 4.3% | -1.3 points |
| Q2 2025 | 7% | -0.7 points |
| Q1 2025 | 9% | -4 points |
| Q4 2024 | 3.1% | -3.4 points |
TRNS 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 TRNS on cash flow, with more consistent year-over-year improvement.
TRNS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.1M | -28% |
| Q2 2026 | $4.8M | +$5.8M |
| Q1 2026 | $2.6M | -67% |
| Q4 2025 | $9.5M | -2.7% |
| Q3 2025 | $8.4M | +194% |
| Q2 2025 | -$975K | -119% |
| Q1 2025 | $7.9M | +413% |
| Q4 2024 | $9.7M | +34% |
TRNS generated $23M in free cash flow over the past year, down 8.6% 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 | — |
TRNS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +74K shares |
| 1 year | +1.6% | +148K shares |
| 3 years | +20% | +1.6M shares |
| 5 years | +26% | +2M shares |
| Available history | +26% | +2M shares |
TRNS has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.9M |
| Q1 2026 | $372,000 |
| Q4 2025 | $13,000 |
| Q3 2025 | $110,000 |
| Q2 2025 | — |
| Q1 2025 | $357,000 |
| Q4 2024 | $182,000 |
| Q3 2024 | $1.4M |
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.
TRNS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 1.0x | Healthy |
TRNS 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).
TRNS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.7 | Neutral |
| Stochastic | 62.5 | Neutral |
TRNS's weekly RSI is 69 (neutral) and its Stochastic is 62 (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 TRNS on valuation relative to its sector.
TRNS PE vs Industrials Sector
| Metric | TRNS | Sector median | Relative |
|---|---|---|---|
| PE | 226x | 24x | 840% above |
| PE % | 97 | 58 | 39 pts above |
TRNS is trading at 226x earnings, a 840% 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.
TRNS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.1 | 18% above |
| 20 week MA | $88.9 | 20% above |
| 50 week MA | $79.4 | 34% above |
| 100 week MA | $79.9 | 33% above |
| 200 week MA | $91.5 | 16% above |
TRNS 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.
TRNS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.8 | $33.0 | +3.8% |
| 2021 | $33.0 | $92.9 | +181% |
| 2022 | $92.9 | $70.0 | -25% |
| 2023 | $70.0 | $109.3 | +56% |
| 2024 | $109.3 | $106.0 | -3% |
| 2025 | $106.0 | $58.9 | -44% |
| 2026 YTD | $58.9 | $106.3 | +81% |
TRNS has the edge over BA on returns for 2026, with the stronger performance.