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The Boeing Company

The Boeing Company

NYSE•BA
CEO: Mr. Brian J. West
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1962-01-02
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements, as well as provides fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including 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 data analytics and digital services to commercial and defense customers. The Boeing Company was incorporated in 1916 and is based in Arlington, Virginia.
Contact Information
929 Long Bridge Drive, Arlington, VA, 22202-4208, United States
703-465-3500
www.boeing.com
Market Cap
$187.97B
P/E (TTM)
81.2
47.4
Dividend Yield
--
52W High
$254.35
52W Low
$128.88
52W Range
88%
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$23.95B+57.11%
4-Quarter Trend

EPS

$10.59-294.31%
4-Quarter Trend

FCF

-$1.18B-71.11%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Jumps Significantly Total Revenues reached $89.5B in 2025, up $22.9B from 2024, driven by higher deliveries across all segments.
GAAP Operations Return Profitability GAAP Earnings from Operations were $4.281B in 2025, reversing the $10.707B loss reported in 2024.
BGS Divestiture Boosts Earnings BGS recorded a $9.566B gain from Digital Aviation Solutions Divestiture in Q4 2025, significantly impacting net earnings.
Backlog Grows Substantially Total Backlog increased to $682.207B by year-end 2025, reflecting strong new order intake, especially in BCA.

Risk Factors

777X Program Faces Losses Incremental 777X reach-forward loss of $4.899B recorded in 2025 due to certification delays and production challenges.
Labor Instability Disrupts Production Strikes in 2024 (53 days) and 2025 (101 days) materially disrupted commercial aircraft production and financial position.
Fixed Price Contract Exposure Defense/BGS businesses rely on fixed-price contracts (60% of 2025 revenue), risking losses on cost overruns.
Pension Obligations Underfunded Pension plans were $4.3B underfunded on a GAAP basis as of December 31, 2025, impacting equity.

Outlook

737 Rate Increase Planned Plans target increasing 737 production rate to 47 per month in 2026, pending concurrence from the FAA.
777-9 Delivery Target Set First 777-9 delivery is now anticipated in 2027 following reassessment of FAA certification timelines and production challenges.
Cybersecurity Risk Management Focus Cybersecurity strategy prioritizes detection, analysis, and response, integrating cyber practice into Enterprise Risk Management.
Capital Expenditures Expected Growth Expect capital expenditures to grow in 2026 compared to 2025 levels, supporting ongoing operational needs.

Peer Comparison

Revenue (TTM)

The Boeing CompanyBA
$89.46B
+34.5%
RTX CorporationRTX
$88.60B
+9.7%
Lockheed Martin CorporationLMT
$75.06B
+5.7%

Gross Margin (Latest Quarter)

Union Pacific CorporationUNP
100.0%
+54.2pp
Eaton Corporation plcETN
36.8%
-2.1pp
Honeywell International Inc.HON
35.6%
-0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RTX$269.99B39.310.6%24.0%
BA$187.97B81.2-94.9%32.2%
UNP$155.33B21.841.9%45.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.1%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Apr 21, 2026
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EPS:-
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Revenue:-
Reports
Financials
All Years
  • Form 10-K - FY 2025

    Period End: Dec 31, 2025|Filed: Jan 30, 2026|
    Revenue: $89.46B+34.5%
    |
    EPS: $2.49+113.6%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 29, 2025|
    Revenue: $23.27B+30.4%
    |
    EPS: $-7.14-28.4%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 29, 2025|
    Revenue: $22.75B+34.9%
    |
    EPS: $-0.92-60.5%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 23, 2025|
    Revenue: $19.50B+17.7%
    |
    EPS: $-0.16-71.4%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 3, 2025|
    Revenue: $66.52B-14.5%
    |
    EPS: $-18.36-400.3%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 23, 2024|
    Revenue: $17.84B-1.5%
    |
    EPS: $-9.97+269.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $16.87B-14.6%
    |
    EPS: $-2.33+832.0%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 24, 2024|
    Revenue: $16.57B-7.5%
    |
    EPS: $-0.56-18.8%
    Beat