BA
The Boeing Company
BA has the edge over WLFC overall, supported by stronger fundamentals and lower modeled downside.
WLFC
Willis Lease Finance Corporation
WLFC 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.
WLFC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Weak |
WLFC's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
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 WLFC in the historical PE scenario, which offers more potential upside but is not a forecast.
WLFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.8x | $16.10 | -65% |
| Fair | 9.2x | $31.00 | -33% |
| Expensive | 14x | $48.27 | +4.1% |
| Current | 14x | $46.35 | — |
| Forward | 14x | $46.35 | — |
Historical ranges are pointers, not guarantees.
WLFC's PE is 14x, but its earnings don't support one, so it isn't a reliable read right now.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over WLFC on the outlook, with more favorable earnings and profitability expectations.
WLFC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect WLFC's revenue to grow, but its earnings and profitability to decline.
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.
WLFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.25 | -3.7% |
| Q3 2026 | $3.37 | -39% |
| Q2 2026 | $3.98 | -29% |
| Q1 2026 | $5.48 | +13% |
| Q4 2025 | $5.13 | +0.4% |
| Q3 2025 | $5.55 | +18% |
| Q2 2025 | $5.59 | +30% |
| Q1 2025 | $4.85 | +68% |
| Q4 2024 | $5.11 | +146% |
WLFC 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.
WLFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $246.3M | +34% |
| Q2 2026 | $194M | -0.8% |
| Q1 2026 | $194.3M | +23% |
| Q4 2025 | $193.6M | +27% |
| Q3 2025 | $183.4M | +25% |
| Q2 2025 | $195.5M | +29% |
| Q1 2025 | $157.7M | +32% |
| Q4 2024 | $152.8M | +34% |
WLFC has the edge over BA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | -16 points |
| Q2 2026 | 18% | +3.1 points |
| Q1 2026 | 17% | +2.2 points |
| Q4 2025 | 7.3% | -12 points |
| Q3 2025 | 21% | -2.3 points |
| Q2 2025 | 14% | -21 points |
| Q1 2025 | 15% | -7.7 points |
| Q4 2024 | 19% | +4.5 points |
WLFC 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 WLFC on cash flow, with more consistent year-over-year improvement.
WLFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $102.7M | +78% |
| Q2 2026 | $74.8M | -21% |
| Q1 2026 | $53.1M | +58% |
| Q4 2025 | $66.2M | +20% |
| Q3 2025 | $57.8M | -33% |
| Q2 2025 | $94.5M | +38% |
| Q1 2025 | $33.5M | -44% |
| Q4 2024 | $55.1M | -8% |
WLFC's free cash flow has been positive every quarter for seven years: $297M over the past year, up 23% 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 | — |
WLFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -72K shares |
| 1 year | +4% | +848K shares |
| 3 years | +13% | +2.5M shares |
| 5 years | +15% | +2.9M shares |
| Available history | +20% | +3.6M shares |
WLFC has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | $65,000 |
| Q2 2022 | $3.4M |
| Q1 2022 | $1.8M |
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 WLFC on leverage, with a lower net debt burden relative to earnings.
WLFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 11.7x | High |
| Q2 2026 | 9.7x | High |
| Q1 2026 | 9.7x | High |
| Q4 2025 | 12.4x | High |
| Q3 2025 | 9.9x | High |
| Q2 2025 | 12.8x | High |
| Q1 2025 | 9.3x | High |
| Q4 2024 | 9.5x | High |
WLFC's net debt is about 12 years of its operating earnings (EBITDA), up from 9.9 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).
WLFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 27.3 | Neutral |
WLFC's weekly RSI is 42 (neutral) and its Stochastic is 27 (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.
WLFC PE vs Industrials Sector
| Metric | WLFC | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 43% below |
| PE % | 78 | 58 | 20 pts above |
WLFC has the edge over BA on valuation relative to its sector.
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.
WLFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.0 | 5.2% above |
| 20 week MA | $54.9 | 16% below |
| 50 week MA | $58.0 | 20% below |
| 100 week MA | $54.9 | 16% below |
| 200 week MA | $39.5 | 17% above |
WLFC 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.
WLFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.8 | $11.0 | -45% |
| 2021 | $11.0 | $12.3 | +12% |
| 2022 | $12.3 | $18.8 | +52% |
| 2023 | $18.8 | $16.3 | -13% |
| 2024 | $16.3 | $67.3 | +313% |
| 2025 | $67.3 | $45.6 | -32% |
| 2026 YTD | $45.6 | $46.4 | +1.7% |
WLFC has the edge over BA on returns for 2026, with the stronger performance.