BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
URI
United Rentals, Inc.
URI 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.
URI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Stable |
URI's revenue, profitability and cash flow are currently healthy, and its balance sheet 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 URI in the historical PE scenario, which offers more potential upside but is not a forecast.
URI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $540 | -53% |
| Fair | 18x | $824 | -28% |
| Forward | 19x | $1,139 | — |
| Expensive | 24x | $1,100 | -3.5% |
| Current | 25x | $1,139 | — |
Historical ranges are pointers, not guarantees.
URI's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its fair 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.
URI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for URI, 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.
URI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $59.66 | +31% |
| Q3 2026 | $45.50 | +17% |
| Q2 2026 | $41.64 | +7.7% |
| Q1 2026 | $39.20 | +1.5% |
| Q4 2025 | $38.68 | -0.2% |
| Q3 2025 | $38.88 | +1.5% |
| Q2 2025 | $38.67 | +2.1% |
| Q1 2025 | $38.62 | +4.6% |
| Q4 2024 | $38.75 | +9.6% |
URI 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'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.
URI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.9B | +16% |
| Q2 2026 | $4.4B | +12% |
| Q1 2026 | $4B | +7.2% |
| Q4 2025 | $4.2B | +2.8% |
| Q3 2025 | $4.2B | +5.9% |
| Q2 2025 | $3.9B | +4.5% |
| Q1 2025 | $3.7B | +6.7% |
| Q4 2024 | $4.1B | +9.8% |
URI's revenue has grown year over year for 22 quarters in a row: $4.9B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +2.5 points |
| Q2 2026 | 26% | +0.4 points |
| Q1 2026 | 22% | +0.2 points |
| Q4 2025 | 25% | -1.5 points |
| Q3 2025 | 26% | -1.8 points |
| Q2 2025 | 25% | -1.2 points |
| Q1 2025 | 22% | -2.8 points |
| Q4 2024 | 27% | -2 points |
URI 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's free cash flow has turned positive after six years mostly in the red: $16M over the past year.
URI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +38% |
| Q2 2026 | $1.8B | +35% |
| Q1 2026 | $1.5B | +6.2% |
| Q4 2025 | $1.3B | +167% |
| Q3 2025 | $1.2B | +$1.3B |
| Q2 2025 | $1.3B | +$1.6B |
| Q1 2025 | $1.4B | +279% |
| Q4 2024 | $471M | -47% |
URI generated $6.2B in free cash flow over the past year, up 41% 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 | — |
URI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -367K shares |
| 1 year | -3.1% | -2M shares |
| 3 years | -8.8% | -6M shares |
| 5 years | -14% | -10.4M shares |
| Available history | -20% | -15.4M shares |
URI has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $375M |
| Q2 2026 | $395M |
| Q1 2026 | $421M |
| Q4 2025 | $631M |
| Q3 2025 | $618M |
| Q2 2025 | $431M |
| Q1 2025 | $289M |
| Q4 2024 | $403M |
URI spent $1.8B buying back its own shares over the past year, up 4.7% 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.
URI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 2.9x | Moderate |
URI 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).
URI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.3 | Neutral |
| Stochastic | 65.7 | Neutral |
URI's weekly RSI is 57 (neutral) and its Stochastic is 66 (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 URI on valuation relative to its sector.
URI PE vs Industrials Sector
| Metric | URI | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 4.2% above |
| PE % | 88 | 58 | 30 pts above |
URI is trading at 25x earnings, in line with 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.
URI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,084.7 | 5% above |
| 20 week MA | $1,079.8 | 5.5% above |
| 50 week MA | $963.3 | 18% above |
| 100 week MA | $869.0 | 31% above |
| 200 week MA | $720.5 | 58% above |
URI 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.
URI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $168.5 | $232.6 | +38% |
| 2021 | $232.6 | $331.7 | +43% |
| 2022 | $331.7 | $355.2 | +7.1% |
| 2023 | $355.2 | $573.4 | +61% |
| 2024 | $573.4 | $716.5 | +25% |
| 2025 | $716.5 | $827.9 | +16% |
| 2026 YTD | $827.9 | $1,139.1 | +38% |
URI has the edge over BA on returns for 2026, with the stronger performance.