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Boeing Co. (BA)

Boeing is one of the world's major aerospace firms, organised around the products and services it offers into three reportable segments: Commercial Airplanes, Defense, Space and Security, and Global Services.

Boeing Co.

Boeing is one of the world's major aerospace firms, organised around the products and services it offers into three reportable segments: Commercial Airplanes, Defense, Space and Security, and Global Services.

Commercial Airplanes

The segment develops, produces and markets commercial jet aircraft, principally to the commercial airline industry worldwide, offering a family of jetliners built for a broad range of passenger and cargo requirements. In production are the 737 narrow-body and the 767, 777 and 787 wide-bodies, with development continuing on the 777X programme and on the 737-7 and 737-10 derivatives.

Defense, Space and Security

The segment researches, develops, produces and modifies manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft, rotorcraft and tilt-rotor aircraft, and commercial derivative aircraft such as anti-submarine and tanker aircraft. It also covers strategic defence and intelligence systems, including strategic missile and defence systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, intelligence systems, government and commercial satellites, and space exploration.

Global Services

The segment serves commercial and defence customers worldwide, sustaining aerospace platforms and systems through supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and digital solutions and analytics.

Competition

The commercial jet aircraft market and the airline industry are described as extremely competitive, with Commercial Airplanes facing Airbus and entrants from China, and the company focused on improving products and processes and reducing cost. Defense, Space and Security competes primarily with General Dynamics, Lockheed Martin, Northrop Grumman, RTX and SpaceX, while BAE Systems and the Airbus Group build presence in the United States market by strengthening North American operations and partnering with domestic defence companies, and competitors sometimes team up on a particular customer requirement. The services markets bring many of those same rivals plus others, and Global Services competes across the life cycle of defence and commercial aircraft programmes, from training, fleet services and logistics to maintenance, engineering, modifications and upgrades and the daily gate-to-gate cycle.

Regulation and government contracts

The businesses are heavily regulated in most markets, and the company works with numerous United States government agencies including all branches of the military, NASA, the Federal Aviation Administration and the Department of Homeland Security, with equivalent authorities abroad. Governments may terminate contracts at their convenience or for default on performance requirements. On a termination for convenience the company would generally be paid for work completed plus allowable termination costs; on a default the government would pay only for work accepted, could require the company to pay the difference between the original price and the cost of re-procuring the items, and could hold it liable for damages. In the United States, commercial aircraft products must comply with Federal Aviation Administration rules covering production and quality systems, airworthiness and installation approvals, repair procedures and continuing operational safety.

Materials and suppliers

The company depends on the availability and quality of materials, parts and subassemblies from suppliers and subcontractors. The most important raw materials are aluminium, titanium and composites including carbon and boron, in sheet, plate, forging and extrusion form. Alternative sources generally exist, but qualifying them could take a year or more, and many major components and equipment items are procured or subcontracted on a sole-source basis, with the company working with a small number of those suppliers to keep supply continuous.

People and unions

The total workforce was approximately 182,000 at 31 December 2025, with 14% located outside the United States, and approximately 72,000 of them were union members. There were 32 independent agreements with nine different unions in the United States and agreements with 18 employee representative bodies internationally. The International Association of Machinists and Aerospace Workers covers 25% of the workforce, the Society of Professional Engineering Employees in Aerospace 11% and the United Automobile Workers 1%, with contracts expiring between January 2026 and July 2030. In 2024 employees represented by IAM District 751, covering over 30,000 manufacturing employees mainly in Washington state, struck for 53 days, halting production of most commercial aircraft and certain defence products. In 2025 employees represented by IAM District 837, approximately 3,200 people at the St. Louis area sites, struck for 101 days, disrupting those operations and affecting the F/A-18, F-15, T-7A and MQ-25 programmes. In 2025 employees completed approximately 5.8 million hours of learning and approximately 12,000 used the tuition assistance programme.

From Boeing's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Boeing became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 27 October 2026
Revenue
$24.2 billion
+3.9% on the year · -1.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
-$116 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.26
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 30 January 2026
Revenue
$89.5 billion
+34.5% on the year
FY2018FY2025
Net income
$2.2 billion
FY2018FY2025
Diluted EPS
$2.48
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsBoeing (BA) reported revenue of $89.5 billion for fiscal 2025, the year ended 31 December 2025, up 34.5% on the year before. Net income was $2.2 billion and diluted earnings per share $2.48. Revenue was $66.5 billion in fiscal 2024, $77.8 billion in fiscal 2023, $66.6 billion in fiscal 2022 and $62.3 billion in fiscal 2021. Net income in the same years was a loss of $11.8 billion, a loss of $2.2 billion, a loss of $4.9 billion and a loss of $4.2 billion. Over the twelve months to 30 September 2026, Boeing reported revenue of $94.9 billion and net income of $7.7 billion. Revenue grew 9.0% a year, compounded, over the five years to fiscal 2025. Boeing had 792 million shares outstanding at the latest filed count. At 30 September 2026 it carried $45.9 billion of debt and $9.5 billion of cash. At the close of 6 November 2026 the market cap of Boeing was $137.4 billion, 18.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE116.9%
ROCE18.6%
Operating margin10.3%
Net margin8.1%
FCF margin0.0%
Interest covern/a
Debt to equity7.01x
Cash conversion0.52x
Share count, last 12 months4.3%
Sales CAGR, 3 years10.3%
Profit CAGR, 3 yearsn/a
EPS, TTM$9.19

At the close of 6 November 2026

Price$173.38
Market cap$137.4 billion
Stock P/E18.9x
Price to book21.0x
EV / EBITDA14.5x
Dividend yieldn/a
Market cap / sales1.4x
52-week high$252.15
52-week low$167.06
Price, 1 year-11.8%
Price CAGR, 3 years-3.2%
Price CAGR, 5 years-5.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Boeing Co.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
BAgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue14,79313,99116,68115,95619,98017,92119,75118,10422,01816,56916,86617,84015,24219,49622,74923,27023,94822,21724,56024,188
Cost of revenue17,30713,64514,55916,77818,12415,99817,81216,93919,32114,69315,63721,34716,83117,07920,31425,64522,13619,67122,14622,021
Gross profit-2,5143532,128-8151,8561,9231,9391,1652,6971,8761,229-3,507-1,5892,4172,435-2,3751,8122,5462,4142,167
Gross margin-17%3%13%-5%9%11%10%6%12%11%7%-20%-10%12%11%-10%8%11%10%9%
R&D6786336987277947417979588818689541,154836844910897964903921830
Operating income-4,171-1,162780-2,792-353-149-99.0-808283-86.0-1,090-5,761-3,770461-176-4,7818,777448156354
Operating margin-28%-8%5%-17%-2%-1%-1%-4%1%-1%-6%-32%-25%2%-1%-21%37%2%1%1%
Pre-tax income-4,700-1,618377-3,132-649-496-400-1,100-9.0-378-1,515-6,224-4,09376.0-561-5,1998,31926.0-365-123
Tax raten/an/a58%n/an/an/an/an/an/an/an/an/an/a141%n/an/a1%127%n/an/a
Net income-4,143-1,219193-3,275-634-414-149-1,636-23.0-343-1,439-6,170-3,865-37.0-611-5,3378,220-4.0-444-116
Net margin-28%-9%1%-21%-3%-2%-1%-9%-0%-2%-9%-35%-25%-0%-3%-23%34%-0%-2%-0%
Diluted EPS-$7.04-$2.06$0.32-$5.49-$1.06-$0.69-$0.25-$2.70-$0.04-$0.56-$2.33-$9.97-$5.46-$0.16-$0.92-$7.14$10.23-$0.11-$0.67-$0.26
Operating cash flow716-3,21681.03,1903,457-3182,87522.03,381-3,362-3,923-1,345-3,450-1,6162271,1231,331-1791,3641,496
Capital expenditure2223492632843264682963324315674046116486744278859561,2757331,032
Free cash flow494-3,565-1822,9063,131-7862,579-3102,950-3,929-4,327-1,956-4,098-2,290-200238375-1,454631464
Dividends paidn/an/an/an/an/an/an/an/an/an/an/an/an/a72.086.086.087.086.086.086.0
Shares outstanding1,012m592m594m596m1,012m602m603m605m1,012m614m616m618m1,012m754m756m760m1,012m788m790m792m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue66,38760,90968,28164,30668,73581,69886,62390,76296,11493,49694,005101,12776,55958,15862,28666,60877,79466,51789,46394,913
Cost of revenue53,40250,35256,54051,84355,86768,64473,26876,75282,08879,02676,61281,49072,09363,84359,26963,10670,07068,50885,17485,974
Gross profit12,98510,55711,74112,46312,86813,05413,35514,01014,02614,47017,39319,6374,466-5,6853,0493,5307,724-1,9914,2898,939
Gross margin19.6%17.3%17.2%19.4%18.7%16.0%15.4%15.4%14.6%15.5%18.5%19.4%5.8%-9.8%4.9%5.3%9.9%-3.0%4.8%9.4%
Research and development3,8503,7686,5064,1213,9183,2983,0713,0473,3314,6273,1793,2693,2192,4762,2492,8523,3773,8123,6153,618
Operating income5,8303,9502,0964,9715,8236,2906,5627,4737,4436,52710,34411,987-1,975-12,767-2,870-3,519-773-10,7074,2819,735
Operating margin8.8%6.5%3.1%7.7%8.5%7.7%7.6%8.2%7.7%7.0%11.0%11.9%-2.6%-22.0%-4.6%-5.3%-1.0%-16.1%4.8%10.3%
Pre-tax income6,1183,9951,7314,5075,3935,9106,2327,1377,1555,78310,10711,604-2,259-14,476-5,033-5,022-2,005-12,2102,6357,857
Income tax2,0601,3413961,1961,3822,0071,6461,6911,9797491,6491,144-1,623-2,535-74331.0237-381397188
Effective tax rate33.7%33.6%22.9%26.5%25.6%34.0%26.4%23.7%27.7%13.0%16.3%9.9%n/an/an/an/an/an/a15.1%2.4%
Net income4,0742,6721,3123,3074,0183,9004,5855,4465,1765,0348,45810,460-636-11,873-4,202-4,935-2,222-11,8172,2357,656
Net margin6.1%4.4%1.9%5.1%5.8%4.8%5.3%6.0%5.4%5.4%9.0%10.3%-0.8%-20.4%-6.7%-7.4%-2.9%-17.8%2.5%8.1%
Diluted EPS$5.28$3.67$1.84$4.45$5.34$5.11$5.96$7.38$7.44$7.83$13.85$17.85-$1.12-$20.88-$7.15-$8.30-$3.67-$18.36$2.48$9.19
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Commercial Airplanes34,05131,83436,17149,12752,98159,99059,39959,37854,61257,49932,25516,16219,71426,02633,90122,86141,49446.3%
Defense, Space & Securityn/a31,94331,97632,60733,19730,88123,70820,18023,93826,30026,09526,25726,54023,16224,93323,91827,23430.4%
Global Servicesn/an/an/an/an/an/a13,29313,81914,61117,05618,46815,54316,32817,61119,12719,95420,92323.3%
Boeing Capital660639547468408416413298307274244261n/an/an/an/an/an/a
Boeing Defense, Space & Security33,661n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other Segment165138n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Unallocated Items And Eliminations-256-248n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Commercial AirplanesDefense, Space & Security FY2010 to FY2025Global Services FY2015 to FY2025Boeing Capital FY2009 to FY2020Other Segment FY2009 to FY2010Boeing Defense, Space & Security FY2009
64.6FY201086.6FY201393.7FY201677.1FY201966.8FY202289.7FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Unallocated Items And Eliminations is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2009 to FY2025

The operating profit each segment reports. Costs Boeing does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Commercial Airplanes-5833,0063,4954,7115,7956,4114,2841,9815,2857,830-6,657-13,847-6,377-2,341-1,635-7,969-7,079-17.1%
Defense, Space & Securityn/a2,8753,1583,0683,2353,1332,3121,6782,3831,6922,6151,5391,544-3,544-1,764-5,413-128-0.5%
Global Servicesn/an/an/an/an/an/a1,8352,1592,2512,5362,6974502,0172,7273,3293,61813,47464.4%
Boeing Capital12615211988107925059114792863n/an/an/an/an/an/a
Boeing Defense, Space & Security3,298n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other Segment-151-327n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Commercial AirplanesBoeing Defense, Space & Security FY2009Defense, Space & Security FY2010 to FY2025Global Services FY2015 to FY2025Other Segment FY2009 to FY2010Boeing Capital FY2009 to FY2020
5.7FY20109.1FY20135.9FY2016-1.3FY2019-3.2FY20226.3FY2025

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Commercial Airplanes46%a loss
Defense, Space & Security30%a loss
Global Services23%100%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Sales of products83,19883,74090,22966,09447,14251,38655,89365,58153,22775,35684.2%
Sales of services10,29810,26510,89810,46511,01610,90010,71512,21313,29014,10715.8%
Sales of productsSales of services
94.0FY201776.6FY201962.3FY202177.8FY202389.5FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2011 to FY2025, 5 years left out

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2025Share
of the parts, latest year
United States34,39137,20237,59237,84239,28740,30743,70644,676n/a48,08353.7%
Asian/an/an/an/an/an/an/an/an/a16,46618.4%
Europe9,85010,26910,62211,89812,24813,01811,24012,97610,36611,41912.8%
Middle East5,47710,2859,1659,24310,84612,25111,4339,7459,2727,0237.9%
Canada6185861,4861,9011,8702,0842,2122,583n/a1,7812.0%
Africa1,7591,2826212,5961,3981,9908151,4861,1131,6251.8%
Oceania3,0672,0431,6571,7572,6011,6931,9312,2982,0061,5871.8%
Latin America, Caribbean and other1,3563,5552,7252,5961,8751,9721,5411,4581,0151,4791.7%
Asia, Other Than China7,43810,39012,20011,90013,4339,8929,19512,14110,662n/an/a
China4,7796,08610,55511,02912,55610,28911,93213,764n/an/an/a
Non-U.S.n/an/an/an/an/an/an/an/a42,137n/an/a
United States FY2011 to FY2025Asia FY2025EuropeMiddle EastCanada FY2011 to FY2025AfricaOceaniaAsia, Other Than China FY2011 to FY2019Non-U.S. FY2019Other
81.7FY201290.8FY201493.5FY2016101.1FY201889.5FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow9,584-4015,6032,9524,0237,5088,1798,8589,36310,49913,34415,322-2,446-18,410-3,4163,5125,960-12,0801,0654,012
Capital expenditure1,7311,6741,1861,1251,7131,7032,0982,2362,4502,6131,7391,7221,8341,3039801,2221,5272,2302,9423,996
Free cash flow7,853-2,0754,4171,8272,3105,8056,0816,6226,9137,88611,60513,600-4,280-19,713-4,3962,2904,433-14,310-1,87716.0
Free cash flow margin11.8%-3.4%6.5%2.8%3.4%7.1%7.0%7.3%7.2%8.4%12.3%13.4%-5.6%-33.9%-7.1%3.4%5.7%-21.5%-2.1%0.0%
Cash from investing-3,8221,888-3,794-4,8312,369-3,757-5,1542,467-1,846-3,380-2,062-4,621-1,530-18,3669,3244,370-2,437-11,97349910,253
Cash from financing-4,884-5,2024,094-1,962-1,700-3,477-4,249-8,593-7,920-9,587-11,350-11,7225,73934,955-5,600-1,266-5,48725,209-3,763-11,571
Depreciation and amortisation1,4861,0131,0661,7461,6751,8111,8441,9061,8331,8892,0472,1142,2712,2462,1441,9791,8611,8361,9532,289
Share-based compensation287209238215186193206195189190202202212250833725690407426444
Buybacks2,7752,93750.0n/an/an/a2,8016,0016,7517,0019,2369,0002,651n/an/an/an/an/an/an/a
Dividends paid1,0961,1921,2201,2531,2441,3221,4672,1152,4902,7563,4173,9464,6301,158n/an/an/an/a331345
Dividend per share$1.45$1.62$1.68$1.68$1.70$1.81$2.19$3.10$3.82$4.69$5.97$7.19$8.22n/an/an/an/an/an/an/a
Diluted shares, weightedn/a729m713m744m753m762m768m737m695m643m610m586m565m569m588m595m606m647m762m793m
Shares outstanding at period endn/a1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m1,012m792m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity9,078-1,2942,1282,7663,5155,86714,8758,6656,3358171,656339-8,617-18,316-14,999-15,883-17,233-3,9085,4546,547
Non-controlling interestn/a15297.096.093.010012212562.060.057.071.031724115335.05.0-6.03.015.0
Debtn/a6,95212,21712,42112,37110,4099,6359,0709,9649,95211,11713,84727,30263,38057,92156,79452,05553,62553,84845,920
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a978n/a1,2711,3051,5181,7701,932n/a
Other liabilitiesn/a47,96947,61153,28264,00772,52068,03175,06178,04779,16899,532103,102113,645106,83194,20694,849100,667104,882106,998118,257
Total liabilities and equityn/a53,77962,05368,56579,98688,89692,66392,92194,40889,997112,362117,359133,625152,136138,552137,100137,012156,363168,235170,739
Owned
Fixed assetsn/a8,7628,7848,9319,3139,66010,22411,00712,07612,80712,67212,64512,50211,82010,91810,55010,66111,41215,36116,685
Goodwill3,0813,6474,3194,9374,9455,0355,0435,1195,1265,3245,5597,8408,0608,0818,0688,0578,0938,08417,27517,778
Intangible assetsn/a2,6852,8772,9793,0443,1113,0522,8692,6572,5402,5733,4293,3382,8432,5622,3112,0941,9571,5671,279
Investmentsn/a1,3393,0386,2692,2664,3977,3742,5132,0342,5452,4392,0141,63718,8549,1673,5894,30913,48019,52712,186
Cash and equivalents7,0423,2689,2155,35910,04910,3419,08811,73311,3028,8018,8137,6379,4857,7528,05214,61412,69113,80110,9219,498
Receivablesn/a5,6025,7855,4225,7935,6086,5467,7298,7138,8322,8943,8793,2661,9552,6412,5172,6492,6312,9214,069
Other assetsn/a28,47628,03534,66844,57650,74451,33651,95152,50049,14877,41279,91595,337100,83197,14495,46296,515104,998100,663109,244
Total assetsn/a53,77962,05368,56579,98688,89692,66392,92194,40889,997112,362117,359133,625152,136138,552137,100137,012156,363168,235170,739
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-0.7%9.0%10.3%17.5%
Profit growth, compounded-8.1%n/an/an/a
Return on equity, averagen/an/an/a41.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Boeing's revenue in fiscal 2025?

Boeing (BA) reported revenue of $89.5 billion for fiscal 2025, the year ended 31 December 2025, up 34.5% on the year before.

How much did Boeing earn in fiscal 2025?

Net income was $2.2 billion for fiscal 2025, and diluted earnings per share $2.48.

What is Boeing's P/E ratio?

At the close of 6 November 2026, Boeing traded at 18.9 times its earnings over the twelve months to 30 September 2026.

What is Boeing's market cap?

The market cap of Boeing was $137.4 billion at the close of 6 November 2026.

How much debt does Boeing have?

At 30 September 2026 Boeing carried $45.9 billion of debt and $9.5 billion of cash.

Peers: Aircraft

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
RTX Corp. RTX$255.7 billion30.7612.1%11.8%11.6%0.541.5%
Boeing Co. BA$137.4 billion18.87116.9%10.3%17.5%7.01n/a
Honeywell International Inc. HON$69.9 billion9.9431.5%25.5%3.9%0.743.6%
TransDigm Group Inc. TDG$66.2 billion36.33n/a46.0%16.7%n/an/a
Honeywell Aerospace Inc. HONA$48.5 billionn/an/an/an/an/an/a
Arxis, Inc. ARXS$21.5 billionn/an/a16.6%n/an/an/a
Heico Corp. HEI$18.4 billion55.3917.1%24.0%20.7%0.510.1%
Textron Inc. TXT$14.2 billion15.0612.0%n/a8.5%0.470.1%
Joby Aviation, Inc. JOBY$6.0 billionn/a-39.4%-658.1%557.2%0.400.0%
AeroVironment Inc. AVAV$5.7 billionn/a-4.6%-12.6%84.4%0.17n/a
Archer Aviation Inc. ACHR$3.4 billionn/an/an/an/a0.04n/a
Airo Group Holdings, Inc. AIRO$165 millionn/a-3.5%-20.2%n/a0.01n/a
All 20 in Aircraft
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
RTX Corp. RTX$255.7 billion30.7612.1%11.8%11.6%0.541.5%
Boeing Co. BA$137.4 billion18.87116.9%10.3%17.5%7.01n/a
Honeywell International Inc. HON$69.9 billion9.9431.5%25.5%3.9%0.743.6%
TransDigm Group Inc. TDG$66.2 billion36.33n/a46.0%16.7%n/an/a
Honeywell Aerospace Inc. HONA$48.5 billionn/an/an/an/an/an/a
Arxis, Inc. ARXS$21.5 billionn/an/a16.6%n/an/an/a
Heico Corp. HEI$18.4 billion55.3917.1%24.0%20.7%0.510.1%
Textron Inc. TXT$14.2 billion15.0612.0%n/a8.5%0.470.1%
StandardAero, Inc. SARO$9.1 billion26.2712.4%9.7%8.7%0.88n/a
Loar Holdings Inc. LOAR$7.1 billion119.724.9%22.9%33.8%0.78n/a
Joby Aviation, Inc. JOBY$6.0 billionn/a-39.4%-658.1%557.2%0.400.0%
AeroVironment Inc. AVAV$5.7 billionn/a-4.6%-12.6%84.4%0.17n/a
AAR Corp. AIR$4.4 billion22.4111.1%n/a22.0%0.50n/a
Karman Holdings Inc. KRMN$4.3 billion82.6211.4%16.3%56.3%1.94n/a
Archer Aviation Inc. ACHR$3.4 billionn/an/an/an/a0.04n/a
Ducommun Inc. DCO$2.0 billion39.287.5%9.9%9.0%0.35n/a
Astronics Corp. ATRO$1.8 billion28.9439.9%13.4%14.5%1.57n/a
Park Aerospace Corp. PKE$514 million32.429.1%21.1%27.7%0.00n/a
Airo Group Holdings, Inc. AIRO$165 millionn/a-3.5%-20.2%n/a0.01n/a
Sifco Industries Inc. SIF$106 million26.419.6%5.2%18.8%0.17n/a
4 companies share its SEC industry code (Aircraft); the rest are the names nearest in size in its wider industry, Aircraft, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on BA

Dividends$331.0 million paid in cash dividends in FY2025
Filings20 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 officer or director change; 2 regulation FD disclosure; 1 material agreement; 1 new financial obligation
Planned insider sales4 Form 144 notices in twelve months, $5.0 million; latest 24 February 2026
Options tapeput/call 0.66 by open interest at the 6 November 2026 close; the straddle prices a 3.8% move to 13 November 2026
13F holders2,644 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading5 sales and 5 purchases on Form 4 in twelve months
Congress6 House trades disclosed in six months
Short interest14.6 million shares short, 1.94 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202627 October 2026EDGAR
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202622 April 2026EDGAR
10-K31 December 202530 January 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202523 April 2025EDGAR
10-K31 December 20243 February 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202431 July 2024EDGAR

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