BA
The Boeing Company
BA offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
WCN
Waste Connections, Inc.
WCN has the edge over BA overall, supported by stronger valuation 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.
WCN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Under pressure |
WCN's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is 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 has the edge over WCN in the historical PE scenario, which offers more potential upside but is not a forecast.
WCN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 33x | $194 | — |
| Cheap | 42x | $186 | -4.2% |
| Current | 43x | $194 | — |
| Fair | 53x | $236 | +22% |
| Expensive | 79x | $354 | +82% |
Historical ranges are pointers, not guarantees.
WCN's PE is in its cheap range at 43x. If earnings grow as analysts expect, today's price would be 33x next year's earnings.
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.
WCN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for WCN, with profitability improving. However, they disagree widely on these estimates.
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.
WCN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.95 | +33% |
| Q3 2026 | $4.47 | +86% |
| Q2 2026 | $4.15 | +67% |
| Q1 2026 | $4.10 | +69% |
| Q4 2025 | $4.17 | +74% |
| Q3 2025 | $2.40 | -34% |
| Q2 2025 | $2.48 | -26% |
| Q1 2025 | $2.43 | -21% |
| Q4 2024 | $2.39 | -19% |
WCN earned $4.47 per share over the past year, up 86% from 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'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.
WCN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +7.3% |
| Q2 2026 | $2.6B | +6.4% |
| Q1 2026 | $2.4B | +6.4% |
| Q4 2025 | $2.4B | +5% |
| Q3 2025 | $2.5B | +5.1% |
| Q2 2025 | $2.4B | +7.1% |
| Q1 2025 | $2.2B | +7.5% |
| Q4 2024 | $2.3B | +11% |
WCN's revenue has grown year over year every quarter since late 2020: $2.6B last quarter, up 7.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +2.7 points |
| Q2 2026 | 17% | -2 points |
| Q1 2026 | 15% | -2.2 points |
| Q4 2025 | 18% | +27 points |
| Q3 2025 | 18% | -2.4 points |
| Q2 2025 | 19% | +0.2 points |
| Q1 2025 | 18% | -0.2 points |
| Q4 2024 | -8.8% | -20 points |
WCN 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 WCN on cash flow, with more consistent year-over-year improvement.
WCN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $397.1M | +4.4% |
| Q2 2026 | $430.9M | +22% |
| Q1 2026 | $249M | -24% |
| Q4 2025 | $172.6M | +0.2% |
| Q3 2025 | $380.3M | +33% |
| Q2 2025 | $352.9M | -10% |
| Q1 2025 | $329.1M | +2.7% |
| Q4 2024 | $172.2M | -27% |
WCN's free cash flow has been positive every quarter for seven years: $1.2B over the past year, up 1.2% 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 | — |
WCN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -2M shares |
| 1 year | -2.2% | -5.7M shares |
| 3 years | -2.5% | -6.4M shares |
| 5 years | -3.6% | -9.3M shares |
| Available history | -4.8% | -12.7M shares |
WCN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $329.9M |
| Q2 2026 | $330.5M |
| Q1 2026 | $284M |
| Q4 2025 | $63.3M |
| Q3 2025 | $441.8M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
WCN spent $1B buying back its own shares over 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's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
WCN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 3.6x | Elevated |
WCN's net debt is about 3.0 years of its operating earnings (EBITDA), down from 3.7 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).
WCN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.8 | Neutral |
| Stochastic | 90.8 | Overbought |
WCN's weekly RSI is 70 (neutral) and its Stochastic is 91 (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 WCN on valuation relative to its sector.
WCN PE vs Industrials Sector
| Metric | WCN | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 24x | 80% above |
| PE % | 30 | 58 | 28 pts below |
WCN is trading at 43x earnings, a 80% 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 |
BA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
WCN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $173.0 | 12% above |
| 20 week MA | $169.0 | 15% above |
| 50 week MA | $166.1 | 17% above |
| 100 week MA | $174.7 | 11% above |
| 200 week MA | $165.1 | 17% above |
WCN 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.
WCN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $90.9 | $101.5 | +12% |
| 2021 | $101.5 | $132.2 | +30% |
| 2022 | $132.2 | $133.4 | +0.9% |
| 2023 | $133.4 | $149.3 | +12% |
| 2024 | $149.3 | $171.3 | +15% |
| 2025 | $171.3 | $178.1 | +4% |
| 2026 YTD | $178.1 | $193.9 | +8.9% |
WCN has the edge over BA on returns for 2026, with the stronger performance.