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UP vs BA vs GD vs UAL
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
Aerospace & Defense
Airlines, Airports & Air Services
UP vs BA vs GD vs UAL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Airlines, Airports & Air Services | Aerospace & Defense | Aerospace & Defense | Airlines, Airports & Air Services |
| Market Cap | $218M | $181.25B | $93.91B | $32.48B |
| Revenue (TTM) | $736M | $92.18B | $53.81B | $60.47B |
| Net Income (TTM) | $-294M | $2.27B | $4.34B | $3.67B |
| Gross Margin | 2.2% | 4.8% | 15.2% | 64.2% |
| Operating Margin | -34.3% | -5.9% | 10.2% | 8.4% |
| Forward P/E | — | 4955.4x | 21.1x | 10.7x |
| Total Debt | $157M | $54.43B | $9.79B | $31.04B |
| Cash & Equiv. | $134M | $10.92B | $2.33B | $5.94B |
UP vs BA vs GD vs UAL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Wheels Up Experienc… (UP) | 100 | 0.3 | -99.7% |
| The Boeing Company (BA) | 100 | 109.1 | +9.1% |
| General Dynamics Co… (GD) | 100 | 232.5 | +132.5% |
| United Airlines Hol… (UAL) | 100 | 222.0 | +122.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: UP vs BA vs GD vs UAL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
UP lags the leaders in this set but could rank higher in a more targeted comparison.
BA is the clearest fit if your priority is growth exposure.
- Rev growth 34.5%, EPS growth 113.5%, 3Y rev CAGR 10.3%
- 34.5% revenue growth vs UP's -7.0%
GD carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 12 yrs, beta 0.56, yield 1.7%
- 174.3% 10Y total return vs UAL's 118.9%
- Lower volatility, beta 0.56, Low D/E 38.2%, current ratio 1.44x
- Beta 0.56, yield 1.7%, current ratio 1.44x
UAL is the #2 pick in this set and the best alternative if value and momentum is your priority.
- Lower P/E (10.7x vs 21.1x)
- +36.1% vs UP's -71.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 34.5% revenue growth vs UP's -7.0% | |
| Value | Lower P/E (10.7x vs 21.1x) | |
| Quality / Margins | 8.1% margin vs UP's -39.9% | |
| Stability / Safety | Beta 0.56 vs UP's 2.50 | |
| Dividends | 1.7% yield, 12-year raise streak, vs BA's 0.2%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +36.1% vs UP's -71.7% | |
| Efficiency (ROA) | 7.5% ROA vs UP's -29.1% |
UP vs BA vs GD vs UAL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
UP vs BA vs GD vs UAL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GD leads in 4 of 6 categories
UAL leads 1 • UP leads 0 • BA leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
GD leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BA is the larger business by revenue, generating $92.2B annually — 125.2x UP's $736M. GD is the more profitable business, keeping 8.1% of every revenue dollar as net income compared to UP's -39.9%. On growth, BA holds the edge at +14.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $736M | $92.2B | $53.8B | $60.5B |
| EBITDAEarnings before interest/tax | -$191M | -$3.4B | $6.2B | $8.1B |
| Net IncomeAfter-tax profit | -$294M | $2.3B | $4.3B | $3.7B |
| Free Cash FlowCash after capex | -$270M | -$1.0B | $6.2B | $3.2B |
| Gross MarginGross profit ÷ Revenue | +2.2% | +4.8% | +15.2% | +64.2% |
| Operating MarginEBIT ÷ Revenue | -34.3% | -5.9% | +10.2% | +8.4% |
| Net MarginNet income ÷ Revenue | -39.9% | +2.5% | +8.1% | +6.1% |
| FCF MarginFCF ÷ Revenue | -36.7% | -1.1% | +11.5% | +5.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | -10.2% | +14.0% | +10.3% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +69.2% | +31.3% | +12.0% | +84.5% |
Valuation Metrics
UAL leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 9.8x trailing earnings, UAL trades at a 89% valuation discount to BA's 92.7x P/E. On an enterprise value basis, UAL's 7.5x EV/EBITDA is more attractive than GD's 16.8x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $218M | $181.3B | $93.9B | $32.5B |
| Enterprise ValueMkt cap + debt − cash | $241M | $224.8B | $101.4B | $57.6B |
| Trailing P/EPrice ÷ TTM EPS | -0.72x | 92.71x | 22.46x | 9.79x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 4955.39x | 21.06x | 10.69x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 3.19x | — |
| EV / EBITDAEnterprise value multiple | — | — | 16.79x | 7.52x |
| Price / SalesMarket cap ÷ Revenue | 0.30x | 2.03x | 1.79x | 0.55x |
| Price / BookPrice ÷ Book value/share | — | 32.12x | 3.71x | 2.14x |
| Price / FCFMarket cap ÷ FCF | — | — | 23.72x | 12.70x |
Profitability & Efficiency
GD leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BA delivers a 2.9% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $17 for GD. GD carries lower financial leverage with a 0.38x debt-to-equity ratio, signaling a more conservative balance sheet compared to BA's 9.97x. On the Piotroski fundamental quality scale (0–9), GD scores 8/9 vs UP's 3/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | — | +2.9% | +17.4% | +24.9% |
| ROA (TTM)Return on assets | -29.1% | +1.4% | +7.5% | +4.7% |
| ROICReturn on invested capital | — | -9.5% | +12.5% | +9.1% |
| ROCEReturn on capital employed | -167.1% | -9.1% | +13.6% | +9.3% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 | 8 | 8 |
| Debt / EquityFinancial leverage | — | 9.97x | 0.38x | 2.03x |
| Net DebtTotal debt minus cash | $23M | $43.5B | $7.5B | $25.1B |
| Cash & Equiv.Liquid assets | $134M | $10.9B | $2.3B | $5.9B |
| Total DebtShort + long-term debt | $157M | $54.4B | $9.8B | $31.0B |
| Interest CoverageEBIT ÷ Interest expense | -2.21x | 1.89x | 18.94x | 4.61x |
Total Returns (Dividends Reinvested)
Evenly matched — GD and UAL each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GD five years ago would be worth $19,433 today (with dividends reinvested), compared to $30 for UP. Over the past 12 months, UAL leads with a +36.1% total return vs UP's -71.7%. The 3-year compound annual growth rate (CAGR) favors UAL at 29.7% vs UP's -60.7% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -54.3% | +0.9% | +2.0% | -11.5% |
| 1-Year ReturnPast 12 months | -71.7% | +23.6% | +30.6% | +36.1% |
| 3-Year ReturnCumulative with dividends | -93.9% | +16.6% | +73.0% | +118.1% |
| 5-Year ReturnCumulative with dividends | -99.7% | +0.1% | +94.3% | +88.6% |
| 10-Year ReturnCumulative with dividends | -99.7% | +92.1% | +174.3% | +118.9% |
| CAGR (3Y)Annualised 3-year return | -60.7% | +5.2% | +20.0% | +29.7% |
Risk & Volatility
GD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
GD is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than UP's 2.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GD currently trades 93.9% from its 52-week high vs UP's 8.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.50x | 0.97x | 0.56x | 2.25x |
| 52-Week HighHighest price in past year | $70.00 | $254.35 | $369.70 | $119.21 |
| 52-Week LowLowest price in past year | $0.75 | $176.77 | $267.39 | $71.55 |
| % of 52W HighCurrent price vs 52-week peak | +8.6% | +90.4% | +93.9% | +83.9% |
| RSI (14)Momentum oscillator 0–100 | 41.4 | 52.2 | 59.6 | 50.2 |
| Avg Volume (50D)Average daily shares traded | 130K | 6.5M | 1.3M | 8.2M |
Analyst Outlook
GD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: UP as "Hold", BA as "Buy", GD as "Buy", UAL as "Buy". Consensus price targets imply 8219.5% upside for UP (target: $500) vs 14.7% for BA (target: $264). For income investors, GD offers the higher dividend yield at 1.67% vs BA's 0.19%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $500.00 | $263.67 | $408.83 | $136.10 |
| # AnalystsCovering analysts | 9 | 54 | 34 | 47 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% | +1.7% | — |
| Dividend StreakConsecutive years of raises | — | 0 | 12 | 0 |
| Dividend / ShareAnnual DPS | — | $0.43 | $5.82 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | 0.0% | +0.7% | +2.0% |
GD leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). UAL leads in 1 (Valuation Metrics). 1 tied.
UP vs BA vs GD vs UAL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is UP or BA or GD or UAL a better buy right now?
For growth investors, The Boeing Company (BA) is the stronger pick with 34.
5% revenue growth year-over-year, versus -7. 0% for Wheels Up Experience Inc. (UP). United Airlines Holdings, Inc. (UAL) offers the better valuation at 9. 8x trailing P/E (10. 7x forward), making it the more compelling value choice. Analysts rate The Boeing Company (BA) a "Buy" — based on 54 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 has the better valuation — UP or BA or GD or UAL?
On trailing P/E, United Airlines Holdings, Inc.
(UAL) is the cheapest at 9. 8x versus The Boeing Company at 92. 7x. On forward P/E, United Airlines Holdings, Inc. is actually cheaper at 10. 7x.
03Which is the better long-term investment — UP or BA or GD or UAL?
Over the past 5 years, General Dynamics Corporation (GD) delivered a total return of +94.
3%, compared to -99. 7% for Wheels Up Experience Inc. (UP). Over 10 years, the gap is even starker: GD returned +174. 3% versus UP's -99. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — UP or BA or GD or UAL?
By beta (market sensitivity over 5 years), General Dynamics Corporation (GD) is the lower-risk stock at 0.
56β versus Wheels Up Experience Inc. 's 2. 50β — meaning UP is approximately 346% more volatile than GD relative to the S&P 500. On balance sheet safety, General Dynamics Corporation (GD) carries a lower debt/equity ratio of 38% versus 10% for The Boeing Company — giving it more financial flexibility in a downturn.
05Which is growing faster — UP or BA or GD or UAL?
By revenue growth (latest reported year), The Boeing Company (BA) is pulling ahead at 34.
5% versus -7. 0% for Wheels Up Experience Inc. (UP). On earnings-per-share growth, the picture is similar: The Boeing Company grew EPS 113. 5% year-over-year, compared to 8. 1% for United Airlines Holdings, Inc.. Over a 3-year CAGR, BA leads at 10. 3% annualised revenue growth. 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.
06Which has better profit margins — UP or BA or GD or UAL?
General Dynamics Corporation (GD) is the more profitable company, earning 8.
0% net margin versus -39. 9% for Wheels Up Experience Inc. — meaning it keeps 8. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GD leads at 10. 2% versus -34. 3% for UP. At the gross margin level — before operating expenses — UAL leads at 64. 1%, 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.
07Is UP or BA or GD or UAL more undervalued right now?
On forward earnings alone, United Airlines Holdings, Inc.
(UAL) trades at 10. 7x forward P/E versus 4955. 4x for The Boeing Company — 4944. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for UP: 8219. 5% to $500. 00.
08Which pays a better dividend — UP or BA or GD or UAL?
In this comparison, GD (1.
7% yield), BA (0. 2% yield) pay a dividend. UP, UAL do not pay a meaningful dividend and should not be held primarily for income.
09Is UP or BA or GD or UAL better for a retirement portfolio?
For long-horizon retirement investors, General Dynamics Corporation (GD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
56), 1. 7% yield, +174. 3% 10Y return). Wheels Up Experience Inc. (UP) carries a higher beta of 2. 50 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GD: +174. 3%, UP: -99. 7%), 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.
10What are the main differences between UP and BA and GD and UAL?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: UP is a small-cap quality compounder stock; BA is a mid-cap high-growth stock; GD is a mid-cap quality compounder stock; UAL is a mid-cap deep-value stock. GD pays a dividend while UP, BA, UAL do not, making them suitable for different income and tax situations. 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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