BA
The Boeing Company
BA has the edge over ULH overall, supported by stronger valuation and lower modeled downside.
ULH
Universal Logistics Holdings, Inc.
ULH offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
ULH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ULH'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 ULH in the historical PE scenario, which offers more potential upside but is not a forecast.
ULH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $10.18 | -66% |
| Fair | 8.2x | $13.90 | -53% |
| Expensive | 14x | $22.97 | -23% |
| Forward | 15x | $29.71 | — |
| Current | 18x | $29.71 | — |
Historical ranges are pointers, not guarantees.
ULH's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over ULH on the outlook, with more favorable revenue expectations.
ULH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect ULH's earnings to grow and its profitability to improve, with its revenue holding steady.
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 ULH on earnings, with more consistent year-over-year improvement.
ULH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.95 | +15% |
| Q3 2026 | $1.69 | +$4.86 |
| Q2 2026 | -$3.48 | -250% |
| Q1 2026 | -$4.15 | -231% |
| Q4 2025 | -$3.79 | -177% |
| Q3 2025 | -$3.17 | -164% |
| Q2 2025 | $2.32 | -52% |
| Q1 2025 | $3.17 | -31% |
| Q4 2024 | $4.93 | +40% |
ULH has returned to profit: it earned $1.69 per share over the past year, after losing money the year before.
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 ULH 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.
ULH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $394M | -0.7% |
| Q2 2026 | $379.3M | -3.7% |
| Q1 2026 | $367.6M | -3.9% |
| Q4 2025 | $385.4M | -17% |
| Q3 2025 | $396.8M | -7% |
| Q2 2025 | $393.8M | -15% |
| Q1 2025 | $382.4M | -22% |
| Q4 2024 | $465.1M | +19% |
ULH's revenue has slid since its 2022 peak: $394M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | +38 points |
| Q2 2026 | 12% | +6.9 points |
| Q1 2026 | 1.3% | -2.8 points |
| Q4 2025 | 4.5% | -3.7 points |
| Q3 2025 | -30% | -40 points |
| Q2 2025 | 5% | -5.1 points |
| Q1 2025 | 4.1% | -11 points |
| Q4 2024 | 8.2% | -0.5 points |
ULH 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 ULH on cash flow, with more consistent year-over-year improvement.
ULH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.2M | +$35.8M |
| Q2 2026 | $27.1M | +$85.7M |
| Q1 2026 | $23.8M | -25% |
| Q4 2025 | $14.3M | -25% |
| Q3 2025 | -$28.6M | +$30.3M |
| Q2 2025 | -$58.6M | +$9M |
| Q1 2025 | $31.7M | +$63.4M |
| Q4 2024 | $18.9M | +3156% |
ULH's free cash flow has turned positive after three years mostly in the red: $72M 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 | — |
ULH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -3K shares |
| 1 year | +0.1% | +27K shares |
| 3 years | +0.2% | +57K shares |
| 5 years | -2.1% | -561K shares |
| Available history | -3.4% | -916K shares |
ULH has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $67,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $24,000 |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $134,000 |
| Q2 2023 | — |
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.
ULH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 7.2x | High |
| Q1 2026 | 10.3x | High |
| Q4 2025 | 9.4x | High |
| Q3 2025 | 8.0x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.3x | Moderate |
ULH 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).
ULH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.0 | Overbought |
| Stochastic | 80.1 | Overbought |
ULH's weekly RSI is 72 (overbought) and its Stochastic is 80 (overbought).
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.
ULH PE vs Industrials Sector
| Metric | ULH | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 96 | 58 | 38 pts above |
ULH 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.
ULH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.6 | 44% above |
| 20 week MA | $18.5 | 60% above |
| 50 week MA | $17.7 | 67% above |
| 100 week MA | $22.3 | 33% above |
| 200 week MA | $28.3 | 5.2% above |
ULH 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.
ULH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $20.7 | +8.6% |
| 2021 | $20.7 | $18.0 | -13% |
| 2022 | $18.0 | $34.2 | +90% |
| 2023 | $34.2 | $28.0 | -18% |
| 2024 | $28.0 | $46.1 | +64% |
| 2025 | $46.1 | $15.7 | -66% |
| 2026 YTD | $15.7 | $29.7 | +90% |
ULH has the edge over BA on returns for 2026, with the stronger performance.