BA
The Boeing Company
BA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TXT
Textron Inc.
TXT has the edge over BA overall, supported by stronger valuation and stronger modeled upside.
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.
TXT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
TXT's profitability, cash flow and balance sheet are currently healthy, and its revenue 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 TXT in the historical PE scenario, which offers more potential upside but is not a forecast.
TXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $84.31 | — |
| Current | 15x | $84.31 | — |
| Cheap | 16x | $89.89 | +6.6% |
| Fair | 18x | $101 | +20% |
| Expensive | 23x | $126 | +49% |
Historical ranges are pointers, not guarantees.
TXT's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
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.
TXT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TXT, 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
TXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.03 | +27% |
| Q3 2026 | $5.55 | +22% |
| Q2 2026 | $5.30 | +20% |
| Q1 2026 | $5.23 | +18% |
| Q4 2025 | $5.11 | +18% |
| Q3 2025 | $4.56 | +0.2% |
| Q2 2025 | $4.43 | -6.1% |
| Q1 2025 | $4.43 | -5.1% |
| Q4 2024 | $4.33 | -5% |
TXT has the edge over BA on earnings, with more consistent year-over-year improvement.
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 TXT 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.
TXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +4.1% |
| Q2 2026 | $3.8B | +3% |
| Q1 2026 | $3.7B | +12% |
| Q4 2025 | $4.2B | +16% |
| Q3 2025 | $3.6B | +5.1% |
| Q2 2025 | $3.7B | +5.4% |
| Q1 2025 | $3.3B | +5.5% |
| Q4 2024 | $3.6B | -7.2% |
TXT's revenue has grown year over year for seven quarters in a row: $3.8B last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.6% | -0.2 points |
| Q2 2026 | 7.9% | -0.2 points |
| Q1 2026 | 7.2% | -0.1 points |
| Q4 2025 | 6.7% | +3 points |
| Q3 2025 | 8.8% | +1.4 points |
| Q2 2025 | 8.1% | -1.1 points |
| Q1 2025 | 7.3% | -0.3 points |
| Q4 2024 | 3.6% | -2.3 points |
TXT 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 TXT on cash flow, with more consistent year-over-year improvement.
TXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $323M | +18% |
| Q2 2026 | $209M | -32% |
| Q1 2026 | -$250M | -$70M |
| Q4 2025 | $527M | +80% |
| Q3 2025 | $273M | +99% |
| Q2 2025 | $309M | +5.5% |
| Q1 2025 | -$180M | -$107M |
| Q4 2024 | $293M | -21% |
TXT still generates free cash flow, though less than at its 2020 peak: $809M 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 | — |
TXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -2.5M shares |
| 1 year | -3.7% | -6.6M shares |
| 3 years | -14% | -27.5M shares |
| 5 years | -24% | -54M shares |
| Available history | -25% | -57.3M shares |
TXT has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $239M |
| Q2 2026 | $209M |
| Q1 2026 | $168M |
| Q4 2025 | $187M |
| Q3 2025 | $206M |
| Q2 2025 | $214M |
| Q1 2025 | $215M |
| Q4 2024 | $232M |
TXT spent $803M buying back its own shares over the past year, down 7.4% 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.
TXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
TXT 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).
TXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.4 | Neutral |
| Stochastic | 61.8 | Neutral |
TXT's weekly RSI is 50 (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 is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x, though its earnings don't support one.
TXT PE vs Industrials Sector
| Metric | TXT | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 37% below |
| PE % | 12 | 58 | 46 pts below |
TXT has the edge over BA on valuation relative to its sector.
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.
TXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.3 | 6.3% above |
| 20 week MA | $83.7 | 0.7% above |
| 50 week MA | $88.4 | 4.6% below |
| 100 week MA | $82.8 | 1.8% above |
| 200 week MA | $81.4 | 3.6% above |
TXT 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.
TXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.4 | $48.1 | +8.4% |
| 2021 | $48.1 | $75.9 | +58% |
| 2022 | $75.9 | $70.4 | -7.2% |
| 2023 | $70.4 | $80.4 | +14% |
| 2024 | $80.4 | $77.2 | -4% |
| 2025 | $77.2 | $90.2 | +17% |
| 2026 YTD | $90.2 | $84.3 | -6.6% |
TXT has the edge over BA on returns for 2026, with the stronger performance.