Aerospace & Defense
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FLY vs BA
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
FLY vs BA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $5.19B | $182.12B |
| Revenue (TTM) | $185M | $92.18B |
| Net Income (TTM) | $-335M | $2.27B |
| Gross Margin | 21.7% | 4.8% |
| Operating Margin | -153.5% | -5.9% |
| Forward P/E | — | 4979.1x |
| Total Debt | $309M | $54.43B |
| Cash & Equiv. | $793M | $10.92B |
Quick Verdict: FLY vs BA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FLY is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 2.73, yield 0.2%
- Rev growth 163.0%, EPS growth -161.0%
- Lower volatility, beta 2.73, Low D/E 25.9%, current ratio 4.51x
BA carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 94.6% 10Y total return vs FLY's -46.4%
- 2.5% margin vs FLY's -181.1%
- Beta 0.97 vs FLY's 2.73
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 163.0% revenue growth vs BA's 34.5% | |
| Quality / Margins | 2.5% margin vs FLY's -181.1% | |
| Stability / Safety | Beta 0.97 vs FLY's 2.73 | |
| Dividends | 0.2% yield, 1-year raise streak, vs BA's 0.2% | |
| Momentum (1Y) | +24.5% vs FLY's -46.4% | |
| Efficiency (ROA) | 1.4% ROA vs FLY's -26.6%, ROIC -9.5% vs -26.2% |
FLY vs BA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FLY vs BA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BA leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BA is the larger business by revenue, generating $92.2B annually — 498.6x FLY's $185M. BA is the more profitable business, keeping 2.5% of every revenue dollar as net income compared to FLY's -181.1%. On growth, FLY holds the edge at +44.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $185M | $92.2B |
| EBITDAEarnings before interest/tax | -$263M | -$3.4B |
| Net IncomeAfter-tax profit | -$335M | $2.3B |
| Free Cash FlowCash after capex | -$257M | -$1.0B |
| Gross MarginGross profit ÷ Revenue | +21.7% | +4.8% |
| Operating MarginEBIT ÷ Revenue | -153.5% | -5.9% |
| Net MarginNet income ÷ Revenue | -181.1% | +2.5% |
| FCF MarginFCF ÷ Revenue | -139.3% | -1.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +44.8% | +14.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -21.2% | +31.3% |
Valuation Metrics
FLY leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.2B | $182.1B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $225.6B |
| Trailing P/EPrice ÷ TTM EPS | -6.70x | 93.16x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 4979.09x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 32.44x | 2.04x |
| Price / BookPrice ÷ Book value/share | 1.88x | 32.27x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
BA leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BA delivers a 2.9% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-58 for FLY. FLY carries lower financial leverage with a 0.26x debt-to-equity ratio, signaling a more conservative balance sheet compared to BA's 9.97x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -57.6% | +2.9% |
| ROA (TTM)Return on assets | -26.6% | +1.4% |
| ROICReturn on invested capital | -26.2% | -9.5% |
| ROCEReturn on capital employed | -26.8% | -9.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.26x | 9.97x |
| Net DebtTotal debt minus cash | -$484M | $43.5B |
| Cash & Equiv.Liquid assets | $793M | $10.9B |
| Total DebtShort + long-term debt | $309M | $54.4B |
| Interest CoverageEBIT ÷ Interest expense | -36.78x | 1.89x |
Total Returns (Dividends Reinvested)
BA leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BA five years ago would be worth $9,811 today (with dividends reinvested), compared to $5,362 for FLY. Over the past 12 months, BA leads with a +24.5% total return vs FLY's -46.4%. The 3-year compound annual growth rate (CAGR) favors BA at 5.4% vs FLY's -18.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +36.2% | +1.4% |
| 1-Year ReturnPast 12 months | -46.4% | +24.5% |
| 3-Year ReturnCumulative with dividends | -46.4% | +17.1% |
| 5-Year ReturnCumulative with dividends | -46.4% | -1.9% |
| 10-Year ReturnCumulative with dividends | -46.4% | +94.6% |
| CAGR (3Y)Annualised 3-year return | -18.8% | +5.4% |
Risk & Volatility
BA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BA is the less volatile stock with a 0.97 beta — it tends to amplify market swings less than FLY's 2.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BA currently trades 90.8% from its 52-week high vs FLY's 43.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.73x | 0.97x |
| 52-Week HighHighest price in past year | $73.80 | $254.35 |
| 52-Week LowLowest price in past year | $16.00 | $176.77 |
| % of 52W HighCurrent price vs 52-week peak | +43.8% | +90.8% |
| RSI (14)Momentum oscillator 0–100 | 51.0 | 56.9 |
| Avg Volume (50D)Average daily shares traded | 5.9M | 6.5M |
Analyst Outlook
FLY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FLY as "Buy" and BA as "Buy". Consensus price targets imply 22.1% upside for FLY (target: $40) vs 14.1% for BA (target: $264). For income investors, FLY offers the higher dividend yield at 0.22% vs BA's 0.19%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $39.50 | $263.67 |
| # AnalystsCovering analysts | 7 | 54 |
| Dividend YieldAnnual dividend ÷ price | +0.2% | +0.2% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.07 | $0.43 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BA leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FLY leads in 2 (Valuation Metrics, Analyst Outlook).
FLY vs BA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FLY or BA a better buy right now?
For growth investors, Firefly Aerospace Inc.
(FLY) is the stronger pick with 163. 0% revenue growth year-over-year, versus 34. 5% for The Boeing Company (BA). The Boeing Company (BA) offers the better valuation at 93. 2x trailing P/E (4979. 1x forward), making it the more compelling value choice. Analysts rate Firefly Aerospace Inc. (FLY) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FLY or BA?
Over the past 5 years, The Boeing Company (BA) delivered a total return of -1.
9%, compared to -46. 4% for Firefly Aerospace Inc. (FLY). Over 10 years, the gap is even starker: BA returned +94. 6% versus FLY's -46. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FLY or BA?
By beta (market sensitivity over 5 years), The Boeing Company (BA) is the lower-risk stock at 0.
97β versus Firefly Aerospace Inc. 's 2. 73β — meaning FLY is approximately 182% more volatile than BA relative to the S&P 500. On balance sheet safety, Firefly Aerospace Inc. (FLY) carries a lower debt/equity ratio of 26% versus 10% for The Boeing Company — giving it more financial flexibility in a downturn.
04Which is growing faster — FLY or BA?
By revenue growth (latest reported year), Firefly Aerospace Inc.
(FLY) is pulling ahead at 163. 0% versus 34. 5% for The Boeing Company (BA). On earnings-per-share growth, the picture is similar: The Boeing Company grew EPS 113. 5% year-over-year, compared to -161. 0% for Firefly Aerospace Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — FLY or BA?
The Boeing Company (BA) is the more profitable company, earning 2.
5% net margin versus -186. 6% for Firefly Aerospace Inc. — meaning it keeps 2. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BA leads at -6. 1% versus -154. 3% for FLY. At the gross margin level — before operating expenses — FLY leads at 15. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FLY or BA more undervalued right now?
Analyst consensus price targets imply the most upside for FLY: 22.
1% to $39. 50.
07Which pays a better dividend — FLY or BA?
All stocks in this comparison pay dividends.
Firefly Aerospace Inc. (FLY) offers the highest yield at 0. 2%, versus 0. 2% for The Boeing Company (BA).
08Is FLY or BA better for a retirement portfolio?
For long-horizon retirement investors, The Boeing Company (BA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
97)). Firefly Aerospace Inc. (FLY) carries a higher beta of 2. 73 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BA: +94. 6%, FLY: -46. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FLY and BA?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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