BA
The Boeing Company
BA has the edge over UPWK overall, supported by stronger fundamentals and stronger valuation.
UPWK
Upwork Inc.
UPWK trails on the overall score without a compensating advantage in the available component scores.
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.
UPWK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
UPWK'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 UPWK in the historical PE scenario, which offers more potential upside but is not a forecast.
UPWK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.7x | $9.86 | — |
| Cheap | 9.3x | $7.56 | -23% |
| Fair | 12x | $9.55 | -3.1% |
| Current | 12x | $9.86 | — |
| Expensive | 30x | $23.95 | +143% |
Historical ranges are pointers, not guarantees.
UPWK's PE is in its fair range at 12x. On analysts' estimates for next year's earnings, today's price would be 8.7x, in its cheap range.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over UPWK on the outlook, with more favorable earnings and revenue expectations.
UPWK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect UPWK's earnings and revenue to decline, though with profitability 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 returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
UPWK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.13 | +39% |
| Q3 2026 | $0.81 | -53% |
| Q2 2026 | $0.77 | -55% |
| Q1 2026 | $0.81 | -51% |
| Q4 2025 | $0.84 | -45% |
| Q3 2025 | $1.74 | +181% |
| Q2 2025 | $1.73 | +220% |
| Q1 2025 | $1.66 | +388% |
| Q4 2024 | $1.52 | +2433% |
UPWK's earnings per share have fallen from their peak: $0.81 over the past year, against $1.74 in late 2025.
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 UPWK 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.
UPWK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $185.6M | -8% |
| Q2 2026 | $191.7M | -1.7% |
| Q1 2026 | $195.5M | +1.4% |
| Q4 2025 | $198.4M | +3.6% |
| Q3 2025 | $201.7M | +4.1% |
| Q2 2025 | $194.9M | +0.9% |
| Q1 2025 | $192.7M | +0.9% |
| Q4 2024 | $191.5M | +4.1% |
UPWK's revenue grew through 2024 and has held roughly level since: $186M last quarter, down 8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +3.9 points |
| Q2 2026 | 15% | -2 points |
| Q1 2026 | 17% | -3.3 points |
| Q4 2025 | 14% | +7.2 points |
| Q3 2025 | 15% | +4 points |
| Q2 2025 | 17% | +7.5 points |
| Q1 2025 | 20% | +13 points |
| Q4 2024 | 7.1% | +2.5 points |
UPWK 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 UPWK on cash flow, with more consistent year-over-year improvement.
UPWK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.8M | -17% |
| Q2 2026 | $45.3M | -35% |
| Q1 2026 | $21.3M | -38% |
| Q4 2025 | $63.2M | +811% |
| Q3 2025 | $74.6M | -26% |
| Q2 2025 | $70.1M | +91% |
| Q1 2025 | $34.5M | +530% |
| Q4 2024 | $6.9M | +$12.4M |
UPWK generated $192M in free cash flow over the past year, up 2.9% 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 | — |
UPWK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.7M shares |
| 1 year | -8.2% | -11.4M shares |
| 3 years | -6.6% | -9M shares |
| 5 years | +0.3% | +346K shares |
| Available history | +17% | +18.4M shares |
UPWK has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1.8M |
| Q1 2026 | $107.9M |
| Q4 2025 | $34M |
| Q3 2025 | $31M |
| Q2 2025 | $37.9M |
| Q1 2025 | $33.1M |
| Q4 2024 | — |
UPWK spent $144M buying back its own shares over the past year, up 41% 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.
UPWK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.8x | Very low |
UPWK 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).
UPWK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.1 | Neutral |
| Stochastic | 72.4 | Neutral |
UPWK's weekly RSI is 52 (neutral) and its Stochastic is 72 (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.
UPWK PE vs Industrials Sector
| Metric | UPWK | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 49% below |
| PE % | 52 | 58 | 6 pts below |
UPWK 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.
UPWK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.97 | 9.9% above |
| 20 week MA | $8.92 | 11% above |
| 50 week MA | $11.9 | 17% below |
| 100 week MA | $13.6 | 27% below |
| 200 week MA | $12.8 | 23% below |
UPWK 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 the edge over UPWK on returns for 2026, with the stronger performance.
UPWK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $37.8 | +263% |
| 2021 | $37.8 | $33.6 | -11% |
| 2022 | $33.6 | $10.4 | -69% |
| 2023 | $10.4 | $14.9 | +43% |
| 2024 | $14.9 | $16.9 | +14% |
| 2025 | $16.9 | $20.9 | +23% |
| 2026 YTD | $20.9 | $9.86 | -53% |
UPWK's yearly returns have swung widely, from +263% in 2020 to −69% in 2022. It's down 53% so far in 2026.