BA
The Boeing Company
BA has a slight edge over VLRS overall, supported by stronger fundamentals and lower modeled downside.
VLRS
Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
VLRS 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.
VLRS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Strong | |
| Weak |
VLRS's revenue and cash flow are currently strong, but its profitability and balance sheet are under pressure.
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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
VLRS PE Valuation
VLRS has no meaningful PE right now: it lost money over the past year.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over VLRS on the outlook, with more favorable earnings and profitability expectations.
VLRS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect VLRS's revenue to grow, with its earnings and 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 the edge over VLRS on earnings quality, reporting a profit while its opponent remains loss making.
VLRS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.91 | -$1.37 |
| Q2 2026 | -$1.63 | -$1.36 |
| Q1 2026 | -$1.07 | -397% |
| Q4 2025 | -$0.89 | -182% |
| Q3 2025 | -$0.54 | -133% |
| Q2 2025 | -$0.27 | -127% |
| Q1 2025 | $0.36 | -63% |
| Q4 2024 | $1.09 | +1457% |
VLRS lost $1.91 per share over the past year, and its loss has widened in each of the last eight quarters.
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 VLRS 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.
VLRS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +32% |
| Q2 2026 | $859M | +24% |
| Q1 2026 | $770M | +14% |
| Q4 2025 | $881.5M | +5.6% |
| Q3 2025 | $784M | -3.6% |
| Q2 2025 | $693M | -4.5% |
| Q1 2025 | $678M | -12% |
| Q4 2024 | $834.9M | -7.1% |
VLRS's revenue has grown year over year for four quarters in a row: $1B last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.3% | -5.4 points |
| Q2 2026 | -12% | -8.4 points |
| Q1 2026 | -2.7% | -1.3 points |
| Q4 2025 | 7.3% | -2.8 points |
| Q3 2025 | 8.7% | -6.8 points |
| Q2 2025 | -3.2% | -12 points |
| Q1 2025 | -1.5% | -15 points |
| Q4 2024 | 10% | -8.3 points |
VLRS 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 VLRS on cash flow, with more consistent year-over-year improvement.
VLRS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $234M | +178% |
| Q2 2026 | $137.2M | +79% |
| Q1 2026 | $176.3M | +183% |
| Q4 2025 | $165.3M | -46% |
| Q3 2025 | $84.2M | -64% |
| Q2 2025 | $76.6M | -75% |
| Q1 2025 | $62.2M | -75% |
| Q4 2024 | $308M | +41% |
VLRS still generates free cash flow, though less than at its 2021 peak: $713M 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 | — |
VLRS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +33.1K shares |
| 1 year | -1.1% | -1.3M shares |
| 3 years | -1.4% | -1.6M shares |
| 5 years | -1.4% | -1.6M shares |
VLRS has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
VLRS hasn't bought back shares in the past year.
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 has the edge over VLRS on leverage, with a lower net debt burden relative to earnings.
VLRS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.1x | High |
| Q2 2026 | 4.0x | Elevated |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 5.1x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 3.9x | Elevated |
VLRS's net debt is about 4.1 years of its operating earnings (EBITDA), down from 4.5 years a year ago.
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).
VLRS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.6 | Neutral |
| Stochastic | 61.6 | Neutral |
VLRS's weekly RSI is 58 (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.
VLRS PE vs Industrials Sector
| Metric | VLRS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
VLRS has no meaningful PE right now: it lost money over the past year.
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.
VLRS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.70 | 21% above |
| 20 week MA | $7.19 | 13% above |
| 50 week MA | $7.84 | 3.6% above |
| 100 week MA | $6.95 | 17% above |
| 200 week MA | $7.92 | 2.5% above |
VLRS 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.
VLRS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.5 | $11.0 | +4.9% |
| 2021 | $11.0 | $17.7 | +60% |
| 2022 | $17.7 | $8.53 | -52% |
| 2023 | $8.53 | $9.38 | +10% |
| 2024 | $9.38 | $7.63 | -19% |
| 2025 | $7.63 | $9.22 | +21% |
| 2026 YTD | $9.22 | $8.12 | -12% |
VLRS has the edge over BA on returns for 2026, with the stronger performance.