BA vs FLY vs GD Stock Comparison

Boeing, Firefly Aerospace and General Dynamics Prices as of Oct 26, 2026 Peers: Industry group
BA Boeing Co
$188.24 -4.9% 1M -15.0% 1Y
Market cap
$132.91B
P/E
63.6x
Revenue (TTM)
$94.00B
Div. yield
–
Commercial Aerospace Industrials
1 win
GD General Dynamics Corp
$357.05 +6.1% 1M +1.8% 1Y
Market cap
$95.99B
P/E
21.4x
Revenue (TTM)
$54.86B
Div. yield
–
Defense Industrials
8 wins

Head to Head

10 decided of 12

General Dynamics leads on 8 of the 12 questions below (General Dynamics 8, Boeing 1, Firefly Aerospace 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAFLYGDLeader
Larger companyMarket capitalisation $132.91B $3.22B $95.99B BA
Cheaper on earningsLower P/E, profitable companies only 63.6x -8.7x 21.4x GD
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 20.3x –
Faster revenue growthRevenue growth, trailing twelve months +24.8% +179.2% +9.1% FLY
More profitableNet margin, trailing twelve months 2.2% -129.1% 8.2% GD
Better return on capitalReturn on invested capital 7.7% -25.8% 13.6% GD
Less leveragedLower net debt / EBITDA 3.8x 2.1x 0.5x GD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.0% -32.2% +1.8% GD
Better 5-year returnAnnualised price return, 5 years -1.8%/yr — +11.7%/yr GD
Less volatileAnnualised volatility, 1 year 34.5% 106.9% 22.3% GD
Higher overall scoreMean of the five percentile scores vs peers 48/100 35/100 71/100 GD

Percentile Scorecard

BAFLYGD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBAFLYGD
Valuation 44 #56 of 100 15 #85 of 100 85 #16 of 100
Growth 81 #19 of 97 60 #39 of 97 43 #56 of 97
Profitability 54 #45 of 96 22 #75 of 96 78 #22 of 96
Financial Health 12 #93 of 105 69 #33 of 105 62 #41 of 105
Shareholder Returns – 8 #59 of 64 86 #10 of 64
Overall 48 35 71
  • BA ranked among 107 companies in Aerospace and Defense
  • FLY ranked among 107 companies in Aerospace and Defense
  • GD ranked among 107 companies in Aerospace and Defense

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBAFLYGDSPY
1 month -4.9%-25.1%+6.1% -0.8%
3 months -11.0%-8.2%-8.2% +3.5%
6 months -18.6%-47.1%+14.2% +7.0%
Year to date -13.3%-18.4%+6.1% +12.2%
1 year -15.0%-32.2%+1.8% +13.0%
3 years +4.8%—+49.9% +86.3%
3 years, per year +1.6%—+14.4% +23.1%
5 years -8.9%—+73.5% +68.6%
5 years, per year -1.8%—+11.7% +11.0%
10 years +29.3%—+136.2% +258.0%
10 years, per year +2.6%—+9.0% +13.6%

Risk

MeasureBAFLYGDSPY
Volatility, 1Y 34.5%106.9%22.3% 12.7%
Downside volatility, 1Y 33.1%99.1%20.9% 12.7%
Beta vs S&P 500, 1Y 1.233.430.33 1.00
Return / volatility, 1Y -0.43-0.300.08 1.02
Max drawdown, 5Y -50.3%-73.0%-23.0% -25.4%
From 52-week high -25.3%-69.0%-9.8% -1.8%
52-week high $252.15$58.81$395.97 $779.14
52-week low $179.12$16.31$312.53 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBAFLYGD
P/E now vs peer median 71.2xmedian 26.8x -8.0xmedian 26.8x 21.5xmedian 26.8x
P/S now vs peer median 1.6xmedian 2.9x 10.6xmedian 2.9x 1.8xmedian 2.9x
EV/EBITDA now vs peer median 25.7xmedian 15.2x -8.3xmedian 15.2x 15.2xmedian 15.2x
P/FCF now vs peer median -708.5xmedian 25.5x -9.3xmedian 25.5x 15.0xmedian 25.5x
P/B now vs peer median 24.3xmedian 2.5x 2.5xmedian 2.5x 3.6xmedian 2.5x
PEG now vs peer median 2.15median 0.94 —median 0.94 2.10median 0.94

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBAFLYGD
Revenue $94.00B $287.01M $54.86B
Gross profit $4.40B $65.79M $8.44B
Operating income $4.60B -$338.66M $5.66B
Net income $2.43B -$363.46M $4.49B
Free cash flow -$210.00M -$326.49M $6.45B
R&D $3.69B $245.37M –
EPS (diluted) $2.64 $-2.29 $16.40
Cash & equivalents $7.24B $459.82M $4.33B
Total debt $45.90B $27.00M $7.52B
Shares (diluted) 790.80M 161.78M 273.52M
Enterprise value $39.60B $143.67M $83.10B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBAFLYGD
P/E 71.2x -8.0x 21.5x
P/FCF -708.5x -9.3x 15.0x
P/Operating cash flow 40.9x -11.5x 12.5x
P/S 1.6x 10.6x 1.8x
P/B 24.3x 2.5x 3.6x
P/Tangible book 32.5x 2.8x 3.8x
EV/EBITDA 25.7x -8.3x 15.2x
EV/EBIT 38.0x -7.2x 17.6x
EV/Revenue 1.9x 8.4x 1.8x
EV/FCF -831.7x -7.4x 15.5x
EV/Operating cash flow 48.0x -9.2x 13.0x
PEG (3Y EPS CAGR) 2.15 – 2.10

Growth

14 metrics
MetricBAFLYGD
Revenue growth (1Y) 24.8% 179.2% 9.1%
Revenue CAGR (3Y) 8.5% – 10.3%
Gross profit growth (1Y) 1,902% 1,165% 8.9%
Gross profit CAGR (3Y) -3.6% – 8.6%
Operating income growth (1Y) 149.8% -51.0% 9.4%
Operating income CAGR (3Y) 49.8% – 10.3%
Net income growth (1Y) 122.8% -46.1% 9.8%
Net income CAGR (3Y) 36.4% – 10.0%
EPS growth (1Y) 118.3% 89.5% 8.8%
EPS CAGR (3Y) 33.1% – 10.2%
Operating cash flow growth (1Y) 158.8% -63.7% –
Operating cash flow CAGR (3Y) -26.6% – 23.0%
Free cash flow growth (1Y) 97.5% -77.2% –
Free cash flow CAGR (3Y) -26.6% – 28.7%

Profitability

14 metrics
MetricBAFLYGD
Gross margin 4.7% 22.9% 15.4%
EBITDA margin 7.2% -102.3% 12.0%
Operating margin 4.9% -118.0% 10.3%
Pretax margin 3.0% -139.6% 9.9%
Net margin 2.2% -129.1% 8.2%
FCF margin -0.2% -113.8% 11.8%
Operating cash flow margin 3.9% -92.1% 14.0%
Return on equity 40.4% -31.2% 17.0%
Return on assets 1.5% -23.2% 7.5%
Return on invested capital 7.7% -25.8% 13.6%
Return on capital employed 8.2% -26.6% 13.9%
Asset turnover 0.6x 0.2x 0.9x
Cash conversion (OCF / net income) 1.5x 0.7x 1.7x
Stock comp / revenue 0.5% 16.1% 0.4%

Financial Health

11 metrics
MetricBAFLYGD
Debt / assets 27.7% 1.6% 12.5%
Debt / equity 7.5x 0.0x 0.3x
Net debt / EBITDA 3.8x 2.1x 0.5x
Debt / FCF -218.6x -0.1x 1.2x
Liabilities / assets 96.3% 25.4% 55.4%
Equity / assets 3.7% 74.6% 44.6%
Interest coverage 1.8x -18.2x –
Current ratio 1.1x 2.7x 1.4x
Quick ratio 0.3x 2.4x 2.8x
Cash ratio 0.2x 2.2x 0.2x
Altman Z-score 1.47 3.20 4.18

Shareholder Returns

7 metrics
MetricBAFLYGD
Dividend yield – – 1.8%
Net buyback yield – -39.2% 0.4%
Shareholder yield 0.0% -39.2% 2.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBAFLYGD
Forward P/E – – 20.3xFY2026
EPS, next fiscal year $-0.99FY2026 $-1.90FY2026 $17.56FY2026
EPS growth, next FY -183.2%FY2026 – +13.7%FY2026
EPS growth, the year after – – +8.9%
Revenue, next fiscal year $91.05BFY2026 $464.32MFY2026 $53.43BFY2026
Revenue growth, next FY +1.8%FY2026 +190.5%FY2026 +1.7%FY2026
Revenue growth, the year after +18.5% +41.1% +12.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAFLYGD
Held by institutions 75.6% 57.0% 86.5%
Institutions holding 2,626 267 2,217
Change in shares held, QoQ +2.3% +46.3% +0.1%
Institutions buying 1,327 211 1,018
Institutions selling 843 34 831
Buyers to sellers 1.57 6.21 1.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BAFLYGD
BA 1.00 0.26 0.26
FLY 0.26 1.00 0.25
GD 0.26 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BA, FLY and GD?

Boeing (BA) is the largest by market capitalisation: Boeing (BA) $132.91B, Firefly Aerospace (FLY) $3.22B, General Dynamics (GD) $95.99B.

Which stock is cheaper, BA, FLY and GD?

General Dynamics (GD) trades on the lowest price-to-earnings ratio (Boeing (BA) 63.6x, Firefly Aerospace (FLY) -8.7x, General Dynamics (GD) 21.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Firefly Aerospace (FLY) grew revenue fastest over the trailing twelve months: Boeing (BA) +24.8%, Firefly Aerospace (FLY) +179.2%, General Dynamics (GD) +9.1%.

Which company is more profitable?

General Dynamics (GD) has the highest net margin (Boeing (BA) 2.2%, Firefly Aerospace (FLY) -129.1%, General Dynamics (GD) 8.2%). On return on invested capital, General Dynamics (GD) leads (Boeing (BA) 7.7%, Firefly Aerospace (FLY) -25.8%, General Dynamics (GD) 13.6%).

Which stock has performed better?

Over the past year General Dynamics (GD) returned the most: Boeing (BA) -15.0%, Firefly Aerospace (FLY) -32.2%, General Dynamics (GD) +1.8%. Over five years, General Dynamics (GD) compounded fastest (Boeing (BA) -1.8%/yr, General Dynamics (GD) +11.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, General Dynamics (GD) has been the steadiest (Boeing (BA) 34.5%, Firefly Aerospace (FLY) 106.9%, General Dynamics (GD) 22.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BA, FLY and GD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, General Dynamics (GD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.