BA
The Boeing Company
BA offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
WOR
Worthington Industries, Inc.
WOR has the edge over BA overall, supported by stronger fundamentals and stronger modeled upside.
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.
WOR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Healthy |
WOR's revenue, cash flow and balance sheet are currently healthy, and its profitability 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 WOR in the historical PE scenario, which offers more potential upside but is not a forecast.
WOR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $20.01 | -66% |
| Fair | 14x | $46.16 | -21% |
| Forward | 15x | $58.20 | — |
| Current | 18x | $58.20 | — |
| Expensive | 28x | $91.69 | +58% |
Historical ranges are pointers, not guarantees.
WOR's PE is in its fair range at 18x, but its recent earnings include one-off gains. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over WOR on the outlook, with more favorable profitability expectations.
WOR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WOR, with profitability holding steady.
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.
WOR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.86 | +17% |
| Q3 2026 | $3.31 | +55% |
| Q2 2026 | $3.14 | +64% |
| Q1 2026 | $2.26 | +93% |
| Q4 2025 | $2.13 | +160% |
| Q3 2025 | $2.14 | +185% |
| Q2 2025 | $1.92 | -13% |
| Q1 2025 | $1.17 | -79% |
| Q4 2024 | $0.82 | -86% |
WOR 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 has the edge over WOR 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.
WOR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $343.9M | +13% |
| Q2 2026 | $371.5M | +17% |
| Q1 2026 | $378.7M | +24% |
| Q4 2025 | $327.5M | +19% |
| Q3 2025 | $303.7M | +18% |
| Q2 2025 | $317.9M | -0.3% |
| Q1 2025 | $304.5M | -3.9% |
| Q4 2024 | $274M | -75% |
WOR's revenue is recovering but still below its 2022 peak: $344M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +0.8 points |
| Q2 2026 | 6.2% | +16 points |
| Q1 2026 | 8.3% | +1.5 points |
| Q4 2025 | 3.8% | +2.5 points |
| Q3 2025 | 3% | +4.9 points |
| Q2 2025 | -9.6% | +8 points |
| Q1 2025 | 6.8% | +5.5 points |
| Q4 2024 | 1.3% | +1.8 points |
WOR 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 WOR on cash flow, with more consistent year-over-year improvement.
WOR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $54M | +94% |
| Q2 2026 | $55.1M | +12% |
| Q1 2026 | $48.1M | +8.4% |
| Q4 2025 | $39.1M | +15% |
| Q3 2025 | $27.9M | -12% |
| Q2 2025 | $49.3M | +46% |
| Q1 2025 | $44.4M | +11% |
| Q4 2024 | $33.9M | -67% |
WOR still generates free cash flow, though less than at its 2023 peak: $196M over the past year.
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 | — |
WOR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -551K shares |
| 1 year | -1.7% | -861K shares |
| 3 years | -1.4% | -721K shares |
| 5 years | -5.2% | -2.7M shares |
| Available history | -12% | -6.9M shares |
WOR has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18.2M |
| Q2 2026 | $18.4M |
| Q1 2026 | $5.4M |
| Q4 2025 | $13.7M |
| Q3 2025 | $6.3M |
| Q2 2025 | $9.8M |
| Q1 2025 | $6.2M |
| Q4 2024 | $8.1M |
WOR spent $56M buying back its own shares over the past year, up 83% 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.
WOR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 6.0x | High |
| Q3 2024 | 67.1x | High |
WOR 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).
WOR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 48.9 | Neutral |
WOR's weekly RSI is 49 (neutral) and its Stochastic is 49 (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.
WOR PE vs Industrials Sector
| Metric | WOR | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 57 | 58 | 1 pt below |
WOR 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.
WOR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.8 | 5.9% below |
| 20 week MA | $59.0 | 1.3% below |
| 50 week MA | $56.4 | 3.2% above |
| 100 week MA | $54.9 | 6% above |
| 200 week MA | $50.4 | 16% above |
WOR 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.
WOR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.2 | $31.3 | +20% |
| 2021 | $31.3 | $32.5 | +3.6% |
| 2022 | $32.5 | $30.6 | -5.9% |
| 2023 | $30.6 | $57.6 | +88% |
| 2024 | $57.6 | $40.7 | -29% |
| 2025 | $40.7 | $52.9 | +30% |
| 2026 YTD | $52.9 | $58.2 | +10% |
WOR has the edge over BA on returns for 2026, with the stronger performance.