BA
The Boeing Company
BA has the edge over WERN overall, supported by stronger fundamentals and lower modeled downside.
WERN
Werner Enterprises, Inc.
WERN 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.
WERN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
WERN's revenue and balance sheet are currently healthy, but its profitability and cash flow 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.
WERN PE Valuation
WERN 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 |
Analysts expect BA to return to profit, with revenue growing. However, they disagree widely on these estimates.
WERN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WERN, 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 the edge over WERN on earnings quality, reporting a profit while its opponent remains loss making.
WERN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.43 | — |
| Q3 2026 | -$0.31 | -176% |
| Q2 2026 | -$0.76 | -188% |
| Q1 2026 | -$0.15 | -152% |
| Q4 2025 | -$0.24 | -144% |
| Q3 2025 | $0.41 | -44% |
| Q2 2025 | $0.86 | -13% |
| Q1 2025 | $0.29 | -78% |
| Q4 2024 | $0.55 | -69% |
WERN has swung to a loss: it lost $0.31 per share over the past year, after a profit 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 has the edge over WERN 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.
WERN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $950.5M | +23% |
| Q2 2026 | $933.9M | +24% |
| Q1 2026 | $808.6M | +14% |
| Q4 2025 | $737.6M | -2.3% |
| Q3 2025 | $771.5M | +3.5% |
| Q2 2025 | $753.1M | -1% |
| Q1 2025 | $712.1M | -7.4% |
| Q4 2024 | $754.7M | -8.2% |
WERN's revenue is growing: $951M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.8% | +3.5 points |
| Q2 2026 | 1.8% | -7 points |
| Q1 2026 | 0.5% | +1.3 points |
| Q4 2025 | -4.8% | -6.6 points |
| Q3 2025 | -1.7% | -4 points |
| Q2 2025 | 8.8% | +6.2 points |
| Q1 2025 | -0.8% | -2.8 points |
| Q4 2024 | 1.8% | -2.8 points |
WERN 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 WERN on cash generation, producing positive trailing cash flow while its opponent burns cash.
WERN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$63.2M | -$54.6M |
| Q2 2026 | $54.8M | +$97.1M |
| Q1 2026 | $30.7M | +424% |
| Q4 2025 | -$23.5M | -$13.8M |
| Q3 2025 | -$8.6M | +$64.9M |
| Q2 2025 | -$42.3M | -$11.1M |
| Q1 2025 | $5.9M | -81% |
| Q4 2024 | -$9.8M | -120% |
WERN's free cash flow was −$1M over the past year, against −$55M 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 | — |
WERN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +65K shares |
| 1 year | +0.8% | +475K shares |
| 3 years | -5.4% | -3.4M shares |
| 5 years | -11% | -7.5M shares |
| Available history | -14% | -9.7M shares |
WERN has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $9,000 |
| Q3 2025 | — |
| Q2 2025 | $55.6M |
| Q1 2025 | — |
| Q4 2024 | $17,000 |
| Q3 2024 | — |
| Q2 2024 | $60.5M |
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.
WERN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 1.0x | Very low |
| Q3 2021 | 0.6x | Very low |
| Q2 2021 | 0.8x | Very low |
| Q1 2021 | 0.5x | Very low |
| Q4 2020 | 0.8x | Very low |
| Q3 2020 | 0.7x | Very low |
| Q2 2020 | 0.6x | Very low |
| Q1 2020 | 0.9x | Very low |
WERN's net debt is about a year of its operating earnings (EBITDA).
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).
WERN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 3.7 | Oversold |
WERN's weekly RSI is 35 (neutral) and its Stochastic is 4 (oversold).
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.
WERN PE vs Industrials Sector
| Metric | WERN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WERN 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.
WERN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 9.4% below |
| 20 week MA | $36.2 | 23% below |
| 50 week MA | $35.1 | 21% below |
| 100 week MA | $32.2 | 14% below |
| 200 week MA | $36.4 | 24% below |
WERN is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-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.
WERN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.2 | $39.6 | +9.2% |
| 2021 | $39.6 | $46.2 | +17% |
| 2022 | $46.2 | $41.6 | -10% |
| 2023 | $41.6 | $42.4 | +1.9% |
| 2024 | $42.4 | $36.3 | -14% |
| 2025 | $36.3 | $30.6 | -16% |
| 2026 YTD | $30.6 | $27.8 | -9.2% |
WERN has the edge over BA on returns for 2026, with the stronger performance.