BA
The Boeing Company
BA offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
VLTO
Veralto Corporation
VLTO has the edge over BA overall, supported by 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.
VLTO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
VLTO'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 VLTO in the historical PE scenario, which offers more potential upside but is not a forecast.
VLTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $97.89 | -17% |
| Forward | 25x | $117 | — |
| Fair | 28x | $115 | -2.4% |
| Current | 29x | $117 | — |
| Expensive | 32x | $128 | +8.6% |
Historical ranges are pointers, not guarantees.
VLTO's PE is in its fair range at 29x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap 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.
VLTO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for VLTO, 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.
VLTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.75 | +17% |
| Q3 2026 | $4.05 | +11% |
| Q2 2026 | $3.97 | +11% |
| Q1 2026 | $3.88 | +11% |
| Q4 2025 | $3.76 | +13% |
| Q3 2025 | $3.65 | +13% |
| Q2 2025 | $3.58 | +12% |
| Q1 2025 | $3.50 | +8.4% |
| Q4 2024 | $3.34 | -1.8% |
VLTO 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.
VLTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +7.5% |
| Q2 2026 | $1.5B | +7.5% |
| Q1 2026 | $1.4B | +6.8% |
| Q4 2025 | $1.4B | +3.8% |
| Q3 2025 | $1.4B | +6.8% |
| Q2 2025 | $1.4B | +6.4% |
| Q1 2025 | $1.3B | +6.9% |
| Q4 2024 | $1.3B | +4.4% |
VLTO's revenue has grown year over year every quarter since early 2023: $1.5B last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -3.5 points |
| Q2 2026 | 21% | -1.5 points |
| Q1 2026 | 24% | -0.4 points |
| Q4 2025 | 23% | -0.3 points |
| Q3 2025 | 23% | -0.2 points |
| Q2 2025 | 23% | -0.4 points |
| Q1 2025 | 24% | +0.7 points |
| Q4 2024 | 23% | +0.7 points |
VLTO 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.
VLTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $304M | +18% |
| Q2 2026 | $328M | +1.5% |
| Q1 2026 | $170M | +20% |
| Q4 2025 | $291M | +11% |
| Q3 2025 | $258M | +20% |
| Q2 2025 | $323M | +35% |
| Q1 2025 | $142M | +39% |
| Q4 2024 | $263M | +9.1% |
VLTO has the edge over BA on cash flow, with more consistent year-over-year improvement.
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 | — |
VLTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -500K shares |
| 1 year | -2.1% | -5.3M shares |
| 3 years | -0.4% | -1M shares |
VLTO has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $89M |
| Q2 2026 | $134M |
| Q1 2026 | $300M |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | $325M |
| Q3 2022 | $214M |
| Q2 2022 | — |
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.
VLTO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.2x | Healthy |
VLTO 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).
VLTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 76.2 | Overbought |
| Stochastic | 88.8 | Overbought |
VLTO's weekly RSI is 76 (overbought) and its Stochastic is 89 (overbought).
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 VLTO on valuation relative to its sector.
VLTO PE vs Industrials Sector
| Metric | VLTO | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 21% above |
| PE % | 56 | 53 | 3 pts above |
VLTO is trading at 29x earnings, a 21% premium to 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 |
VLTO has stronger trend alignment. BA is above 0 of 5 weekly averages versus VLTO above 4 of 4.
VLTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.0 | 12% above |
| 20 week MA | $99.2 | 18% above |
| 50 week MA | $95.0 | 24% above |
| 100 week MA | $97.9 | 20% above |
VLTO is in an uptrend: it's above all four of its weekly moving averages, and 20% above its 100-week average.
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.
VLTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $84.6 | $82.3 | -2.7% |
| 2024 | $82.3 | $103.1 | +25% |
| 2025 | $103.1 | $101.8 | -1.3% |
| 2026 YTD | $101.8 | $117.5 | +15% |
VLTO has the edge over BA on returns for 2026, with the stronger performance.