BA
The Boeing Company
BA has the edge over WSO overall, supported by stronger fundamentals and lower modeled downside.
WSO
Watsco, Inc.
WSO trails on the overall score without a compensating advantage in the available component scores.
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.
WSO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Strong |
WSO's cash flow and balance sheet are currently healthy, and its revenue and profitability are 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's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
WSO PE Valuation
WSO 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 |
BA has the edge over WSO on the outlook, with more favorable earnings and profitability expectations.
WSO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect WSO's revenue to grow, but its profitability to weaken.
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 WSO on earnings, with more consistent year-over-year improvement.
WSO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.53 | +9.3% |
| Q3 2026 | $11.46 | -11% |
| Q2 2026 | $11.67 | -11% |
| Q1 2026 | $12.19 | -6.7% |
| Q4 2025 | $12.25 | -7.9% |
| Q3 2025 | $12.85 | -0.8% |
| Q2 2025 | $13.09 | +0.1% |
| Q1 2025 | $13.06 | +0.4% |
| Q4 2024 | $13.30 | -2.7% |
WSO's earnings per share have fallen from their peak: $11.46 over the past year, against $15.41 in late 2022.
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 WSO 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.
WSO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +7.4% |
| Q2 2026 | $2.1B | +2.1% |
| Q1 2026 | $1.5B | +0.1% |
| Q4 2025 | $1.6B | -10% |
| Q3 2025 | $2.1B | -4.3% |
| Q2 2025 | $2.1B | -3.6% |
| Q1 2025 | $1.5B | -2.2% |
| Q4 2024 | $1.8B | +9.4% |
WSO's revenue grew through 2022 and has held roughly level since: $2.2B last quarter, up 7.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -1.2 points |
| Q2 2026 | 11% | -1.9 points |
| Q1 2026 | 7.2% | -0.1 points |
| Q4 2025 | 6.4% | -1.3 points |
| Q3 2025 | 11% | -0.2 points |
| Q2 2025 | 13% | +0.6 points |
| Q1 2025 | 7.3% | -0.8 points |
| Q4 2024 | 7.8% | +1 points |
WSO 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 WSO on cash flow, with more consistent year-over-year improvement.
WSO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $315.4M | -8.9% |
| Q2 2026 | -$11.5M | +$2.8M |
| Q1 2026 | -$25.9M | +$159.3M |
| Q4 2025 | $388.5M | +4.7% |
| Q3 2025 | $346.1M | +55% |
| Q2 2025 | -$14.3M | -128% |
| Q1 2025 | -$185.2M | -289% |
| Q4 2024 | $370.9M | +28% |
WSO generated $666M in free cash flow over the past year, up 29% 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 | — |
WSO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +365K shares |
| 1 year | +1.7% | +640K shares |
| 3 years | -2.1% | -836K shares |
| 5 years | -0.6% | -215K shares |
| Available history | +11% | +3.9M shares |
WSO has the edge over BA on shareholder dilution, with a more favorable share count trend.
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.
WSO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.1x | Net Cash |
WSO 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).
WSO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 42.6 | Neutral |
WSO's weekly RSI is 43 (neutral) and its Stochastic is 43 (neutral).
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 WSO on valuation relative to its sector.
WSO PE vs Industrials Sector
| Metric | WSO | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 12% above |
| PE % | 32 | 58 | 26 pts below |
WSO 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.
WSO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $303.7 | 1.5% above |
| 20 week MA | $323.4 | 4.7% below |
| 50 week MA | $361.9 | 15% below |
| 100 week MA | $402.8 | 23% below |
| 200 week MA | $404.4 | 24% below |
WSO 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.
WSO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $180.7 | $234.2 | +30% |
| 2021 | $234.2 | $302.9 | +29% |
| 2022 | $302.9 | $252.2 | -17% |
| 2023 | $252.2 | $428.5 | +70% |
| 2024 | $428.5 | $480.0 | +12% |
| 2025 | $480.0 | $348.1 | -27% |
| 2026 YTD | $348.1 | $308.2 | -11% |
WSO has the edge over BA on returns for 2026, with the stronger performance.