BA vs FLY Stock Comparison

Boeing and Firefly Aerospace Prices as of Oct 23, 2026 Peers: Industry group
BA Boeing Co
$188.29 -5.7% 1M -13.5% 1Y
Market cap
$148.46B
P/E
71.0x
Revenue (TTM)
$94.00B
Div. yield
–
Commercial Aerospace Industrials
6 wins
FLY Firefly Aerospace Inc.
$18.23 -16.8% 1M -29.8% 1Y
Market cap
$2.95B
P/E
–
Revenue (TTM)
$287.01M
Div. yield
–
Space Industrials
2 wins

Head to Head

8 decided of 12

Boeing leads on 6 of the 12 questions below (Boeing 6, Firefly Aerospace 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAFLYLeader
Larger companyMarket capitalisation $148.46B $2.95B BA
Cheaper on earningsLower P/E, profitable companies only 71.0x -8.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months +24.8% +179.2% FLY
More profitableNet margin, trailing twelve months 2.2% -129.1% BA
Better return on capitalReturn on invested capital 7.7% -25.8% BA
Less leveragedLower net debt / EBITDA 3.8x 2.1x FLY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -13.5% -29.8% BA
Better 5-year returnAnnualised price return, 5 years -2.4%/yr — –
Less volatileAnnualised volatility, 1 year 34.4% 106.8% BA
Higher overall scoreMean of the five percentile scores vs peers 48/100 36/100 BA

Percentile Scorecard

BAFLY

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

AxisBAFLY
Valuation 44 #56 of 100 17 #83 of 100
Growth 81 #19 of 97 59 #40 of 97
Profitability 54 #45 of 96 22 #75 of 96
Financial Health 11 #94 of 106 70 #33 of 106
Shareholder Returns – 9 #59 of 65
Overall 48 36
  • BA ranked among 107 companies in Aerospace and Defense
  • FLY 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

PeriodBAFLYSPY
1 month -5.7%-16.8% -1.0%
3 months -10.2%-7.4% +2.9%
6 months -19.0%-48.1% +6.4%
Year to date -13.3%-18.5% +11.4%
1 year -13.5%-29.8% +13.1%
3 years +3.3%— +79.4%
3 years, per year +1.1%— +21.5%
5 years -11.6%— +67.7%
5 years, per year -2.4%— +10.9%
10 years +38.8%— +255.2%
10 years, per year +3.3%— +13.5%

Risk

MeasureBAFLYSPY
Volatility, 1Y 34.4%106.8% 12.7%
Downside volatility, 1Y 33.2%99.1% 12.7%
Beta vs S&P 500, 1Y 1.233.43 1.00
Return / volatility, 1Y -0.39-0.28 1.03
Max drawdown, 5Y -50.3%-73.0% -25.4%
From 52-week high -25.3%-69.0% -2.5%
52-week high $252.15$58.81 $779.14
52-week low $179.12$16.31 $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.

MultipleBAFLY
P/E now vs peer median 71.2xmedian 26.2x -8.0xmedian 26.2x
P/S now vs peer median 1.6xmedian 2.9x 10.6xmedian 2.9x
EV/EBITDA now vs peer median 25.7xmedian 14.7x -8.3xmedian 14.7x
P/FCF now vs peer median -708.7xmedian 24.9x -9.3xmedian 24.9x
P/B now vs peer median 24.3xmedian 2.4x 2.5xmedian 2.4x
PEG now vs peer median 2.15median 0.92 —median 0.92

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 monthsBAFLY
Revenue $94.00B $287.01M
Gross profit $4.40B $65.79M
Operating income $4.60B -$338.66M
Net income $2.43B -$363.46M
Free cash flow -$210.00M -$326.49M
R&D $3.69B $245.37M
EPS (diluted) $2.64 $-2.29
Cash & equivalents $7.24B $459.82M
Total debt $45.90B $372.55M
Shares (diluted) 790.80M 161.78M
Enterprise value $55.15B -$123.28M

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
MetricBAFLY
P/E 71.2x -8.0x
P/FCF -708.7x -9.3x
P/Operating cash flow 40.9x -11.5x
P/S 1.6x 10.6x
P/B 24.3x 2.5x
P/Tangible book 32.5x 2.8x
EV/EBITDA 25.7x -8.3x
EV/EBIT 38.0x -7.2x
EV/Revenue 1.9x 8.4x
EV/FCF -831.9x -7.4x
EV/Operating cash flow 48.0x -9.2x
PEG (3Y EPS CAGR) 2.15 –

Growth

14 metrics
MetricBAFLY
Revenue growth (1Y) 24.8% 179.2%
Revenue CAGR (3Y) 8.5% –
Gross profit growth (1Y) 1,902% 1,165%
Gross profit CAGR (3Y) -3.6% –
Operating income growth (1Y) 149.8% -51.0%
Operating income CAGR (3Y) 49.8% –
Net income growth (1Y) 122.8% -46.1%
Net income CAGR (3Y) 36.4% –
EPS growth (1Y) 118.3% 89.5%
EPS CAGR (3Y) 33.1% –
Operating cash flow growth (1Y) 158.8% -63.7%
Operating cash flow CAGR (3Y) -26.6% –
Free cash flow growth (1Y) 97.5% -77.2%
Free cash flow CAGR (3Y) -26.6% –

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricBAFLY
Dividend yield – –
Net buyback yield – -39.3%
Shareholder yield 0.0% -39.3%
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.

ConsensusBAFLY
EPS, next fiscal year $-1.03FY2026 $-1.90FY2026
EPS growth, next FY -186.6%FY2026 –
Revenue, next fiscal year $91.39BFY2026 $464.32MFY2026
Revenue growth, next FY +2.2%FY2026 +190.5%FY2026
Revenue growth, the year after +18.3% +41.1%

Institutional Ownership

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

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.

BAFLY
BA 1.00 0.26
FLY 0.26 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BA and FLY?

Boeing (BA) is the largest by market capitalisation: Boeing (BA) $148.46B, Firefly Aerospace (FLY) $2.95B.

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%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Boeing (BA) returned the most: Boeing (BA) -13.5%, Firefly Aerospace (FLY) -29.8%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Boeing (BA) has been the steadiest (Boeing (BA) 34.4%, Firefly Aerospace (FLY) 106.8%). Volatility measures how widely the price swings, not the risk of the business.

Do BA and FLY move together?

Their daily returns over the past year have a correlation of 0.26, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BA and FLY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Boeing (BA) leads on 6. 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.