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Held by 2,435 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $210.27 today, the market must believe free cash flow compounds 22.6%/yr for a decade (off $4.4B normalized FCF).
2-stage DCF · 1.01B shares · net debt $51.4B
mean -79.3% · volatility σ 210% · implied rate exceeded in 2/5 yrs
Central path = implied 22.6%/yr growth; shaded band = ±1σ (210%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $331M dividends + $0 buybacks = $331M returned on -$1.9B FCF.
1 consecutive years of dividend increases · -21%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $10.9B covers the $8.4B due within a year 1.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.4% on $62.3B of debt.
Cash of $10.9B fully covers short-term debt of $8.5B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-14
Where each multiple sits in its own 14-yr range · 61th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 80.6 | 94.2 | 109.8 | 95.1 | 94.7 | 90.1 | 103.0 | 95.2 |
| Gross Profit | 19.4 | 5.8 | -9.8 | 4.9 | 5.3 | 9.9 | -3.0 | 4.8 |
| R&D | 3.2 | 4.2 | 4.3 | 3.6 | 4.3 | 4.3 | 5.7 | 4.0 |
| SG&A | 4.5 | 5.1 | 8.3 | 6.7 | 6.3 | 6.6 | 7.5 | 6.8 |
| Operating Income | 11.9 | -2.6 | -22.0 | -4.6 | -5.3 | -1.0 | -16.1 | 4.8 |
| Income Tax | 1.1 | -2.1 | -4.4 | -1.2 | 0.0 | 0.3 | -0.6 | 0.4 |
| Net Income | 10.3 | -0.8 | -20.4 | -6.7 | -7.4 | -2.9 | -17.8 | 2.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BA: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-14
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $89.46B 100.0% | $66.52B 100.0% | $77.79B 100.0% | $66.61B 100.0% | $62.29B 100.0% | $58.16B 100.0% | $76.56B 100.0% | $101.13B 100.0% | $94.00B 100.0% | $93.50B 100.0% |
| Cost of Revenue | $85.17B 95.2% | $68.51B 103.0% | $70.07B 90.1% | $63.08B 94.7% | $59.24B 95.1% | $63.84B 109.8% | $72.09B 94.2% | $81.49B 80.6% | $76.61B 81.5% | $79.03B 84.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $68.36B 72.7% | $72.71B 77.8% |
| Cost of Services | — | — | — | — | — | — | — | — | $7.63B 8.1% | $8.02B 8.6% |
| Gross Profit | $4.29B 4.8% | -$1.99B -3.0% | $7.72B 9.9% | $3.53B 5.3% | $3.05B 4.9% | -$5.68B -9.8% | $4.47B 5.8% | $19.64B 19.4% | $17.39B 18.5% | $14.47B 15.5% |
| Research & Development | $3.62B 4.0% | $3.81B 5.7% | $3.38B 4.3% | $2.85B 4.3% | $2.25B 3.6% | $2.48B 4.3% | $3.22B 4.2% | $3.27B 3.2% | $3.18B 3.4% | $4.63B 4.9% |
| Selling, General & Admin | $6.09B 6.8% | $5.02B 7.5% | $5.17B 6.6% | $4.19B 6.3% | $4.16B 6.7% | $4.82B 8.3% | $3.91B 5.1% | $4.57B 4.5% | $4.09B 4.4% | $3.61B 3.9% |
| Operating Income | $4.28B 4.8% | -$10.71B -16.1% | -$773.0M -1.0% | -$3.52B -5.3% | -$2.87B -4.6% | -$12.77B -22.0% | -$1.98B -2.6% | $11.99B 11.9% | $10.34B 11.0% | $6.53B 7.0% |
| Interest Expense | $2.77B 3.1% | $2.73B 4.1% | $2.46B 3.2% | $2.56B 3.8% | $2.71B 4.4% | $2.16B 3.7% | $722.0M 0.9% | $475.0M 0.5% | $360.0M 0.4% | $306.0M 0.3% |
| Other Income (Expense), net | $1.13B 1.3% | $1.22B 1.8% | $1.23B 1.6% | $1.06B 1.6% | $551.0M 0.9% | $447.0M 0.8% | $438.0M 0.6% | $92.0M 0.1% | $123.0M 0.1% | -$438.0M -0.5% |
| Pretax Income | $2.63B 2.9% | -$12.21B -18.4% | -$2.00B -2.6% | -$5.02B -7.5% | -$5.03B -8.1% | -$14.48B -24.9% | -$2.26B -3.0% | $11.60B 11.5% | $10.11B 10.8% | $5.78B 6.2% |
| Income Tax Expense | $397.0M 0.4% | -$381.0M -0.6% | $237.0M 0.3% | $31.0M 0.0% | -$743.0M -1.2% | -$2.54B -4.4% | -$1.62B -2.1% | $1.14B 1.1% | $1.65B 1.8% | $749.0M 0.8% |
| Net Income | $2.23B 2.5% | -$11.82B -17.8% | -$2.22B -2.9% | -$4.93B -7.4% | -$4.20B -6.7% | -$11.87B -20.4% | -$636.0M -0.8% | $10.46B 10.3% | $8.46B 9.0% | $5.03B 5.4% |
| Per Share | ||||||||||
| EPS (Basic) | $2.49 | $-18.36 | $-3.67 | $-8.30 | $-7.15 | $-20.88 | $-1.12 | $18.05 | $14.03 | $7.92 |
| EPS (Diluted) | $2.48 | $-18.36 | $-3.67 | $-8.30 | $-7.15 | $-20.88 | $-1.12 | $17.85 | $13.85 | $7.83 |
| Weighted Avg Shares (Basic) | 759.8M | 646.9M | 605.8M | 594.9M | 587.6M | 568.6M | 565.4M | 579.2M | 602.5M | 635.5M |
| Weighted Avg Shares (Diluted) | 762.3M | 646.9M | 605.8M | 594.9M | 587.6M | 568.6M | 565.4M | 585.5M | 610.0M | 642.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.18T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.8B | 41.7× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $333.0B | 39.0× | — | 7.3× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $262.2B | 39.4× | 18.6× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $212.8B | 84.8× | 42.4× | 2.4× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $184.3B | 36.8× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $170.8B | 46.1× | 30.5× | 5.3× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $169.1B | 23.8× | 16.2× | 6.9× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $152.5B | 37.6× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $127.9B | 27.4× | 15.8× | 3.4× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $121.2B | 24.6× | 15.9× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $119.2B | 34.3× | 26.9× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $110.0B | 25.3× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.5B | 23.1× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $95.0B | 32.8× | 23.4× | 4.5× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $93.0B | 91.5× | 46.1× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| HWM | $91.2B | 61.2× | 40.2× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $91.0B | 31.8× | 14.7× | 6.5× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| VRT | $90.8B | 69.6× | 43.0× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $89.8B | 27.4× | — | 3.8× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| WM | $87.9B | 32.5× | 12.3× | 3.5× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $87.0B | 15.6× | 9.7× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| MMM | $85.9B | 27.0× | 16.6× | 3.4× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| EMR | $83.5B | 36.7× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.9B | 45.6× | 29.1× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
Peers = companies sharing BA's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.