BA
The Boeing Company
BA has the edge over WNC overall, supported by stronger fundamentals and lower modeled downside.
WNC
Wabash National Corporation
WNC 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.
WNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Healthy |
WNC's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
WNC PE Valuation
WNC 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.
WNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WNC's losses to shrink, with revenue growing.
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 WNC on earnings quality, reporting a profit while its opponent remains loss making.
WNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | -156% |
| Q2 2026 | -$1.93 | +$0.49 |
| Q1 2026 | -$1.60 | -$0.05 |
| Q4 2025 | $4.87 | +$11.39 |
| Q3 2025 | $6.08 | +$11.51 |
| Q2 2025 | -$2.42 | -174% |
| Q1 2025 | -$1.55 | -137% |
| Q4 2024 | -$6.52 | -236% |
WNC has swung to a loss: it lost $3.41 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 WNC 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 has the edge over WNC on profitability, with a higher operating margin.
WNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $476.4M | +25% |
| Q2 2026 | $417.2M | -9.1% |
| Q1 2026 | $303.2M | -20% |
| Q4 2025 | $321.5M | -23% |
| Q3 2025 | $381.6M | -18% |
| Q2 2025 | $458.8M | -17% |
| Q1 2025 | $380.9M | -26% |
| Q4 2024 | $416.8M | -30% |
WNC's revenue is recovering but still below its 2023 peak: $476M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.2% | -19 points |
| Q2 2026 | -6.1% | -5 points |
| Q1 2026 | -17% | -100 points |
| Q4 2025 | -19% | -20 points |
| Q3 2025 | 15% | +108 points |
| Q2 2025 | -1% | -9 points |
| Q1 2025 | 83% | +77 points |
| Q4 2024 | 0.9% | -9.4 points |
WNC's operating margin was −4.2% last quarter, down 19 points from the same quarter a year ago.
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 WNC on cash generation, producing positive trailing cash flow while its opponent burns cash.
WNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$40.8M | -151% |
| Q2 2026 | $3.1M | +$25.1M |
| Q1 2026 | -$37.1M | -$28.1M |
| Q4 2025 | -$61.9M | -204% |
| Q3 2025 | $79.9M | +183% |
| Q2 2025 | -$22.1M | -$16M |
| Q1 2025 | -$9M | +$27.6M |
| Q4 2024 | $59.5M | -42% |
WNC's free cash flow was −$137M over the past year, against $108M 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 | — |
WNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +74K shares |
| 1 year | -0.4% | -179K shares |
| 3 years | -14% | -6.8M shares |
| 5 years | -19% | -9.6M shares |
| Available history | -26% | -14.3M shares |
WNC 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 | $666,000 |
| Q3 2025 | $6.2M |
| Q2 2025 | $10.4M |
| Q1 2025 | $16.5M |
| Q4 2024 | $8.6M |
WNC spent $666,000 buying back its own shares over the past year, down 98% from the year before.
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.
WNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.8x | Very low |
| Q2 2024 | 1.2x | Healthy |
| Q1 2024 | 0.9x | Very low |
| Q4 2023 | 0.6x | Very low |
| Q3 2023 | 0.8x | Very low |
| Q2 2023 | 0.9x | Very low |
| Q1 2023 | 1.3x | Healthy |
WNC's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than a year 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).
WNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 11.3 | Oversold |
WNC's weekly RSI is 49 (neutral) and its Stochastic is 11 (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.
WNC PE vs Industrials Sector
| Metric | WNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WNC 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.
WNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 6.2% below |
| 20 week MA | $12.8 | 8.2% below |
| 50 week MA | $10.7 | 9% above |
| 100 week MA | $10.9 | 7.7% above |
| 200 week MA | $17.0 | 31% below |
WNC 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.
WNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $17.4 | +20% |
| 2021 | $17.4 | $19.7 | +13% |
| 2022 | $19.7 | $23.3 | +18% |
| 2023 | $23.3 | $25.6 | +10% |
| 2024 | $25.6 | $17.3 | -32% |
| 2025 | $17.3 | $8.88 | -49% |
| 2026 YTD | $8.88 | $11.7 | +32% |
WNC has the edge over BA on returns for 2026, with the stronger performance.