Boeing
BA NYSE· Aerospace & Defense
Last close · Oct 26, 2026
$188.31
KIRA · Stoqly’s AI analyst, in plain words
- Boeing had $89.5B of revenue in fiscal 2025, up 34.5% on the year before. Over five years, revenue changed +9.0% a year on average.
- Its operating margin was 4.8%, up 20.9 pts: of every 100 in sales, about 5 is left after running the business.
- Boeing made $2.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −12.0% a year.
- Free cash flow was −$1.9B in fiscal 2025, −2.1% of revenue.
- Boeing returned $331M to shareholders in fiscal 2025. The diluted share count rose 17.8%.
- Boeing owes $24.7B more than it holds in cash, about 4.0 years of operating profit.
Market cap
$148.9B
P/E
67.0x
Revenue
$89.5B
Net income
$2.2B
Free cash flow
−$1.9B
Operating margin
4.8%
Boeing in 30 seconds · fiscal 2025
Are sales growing?
+34.5%
Yes. Sales grew 34.5% last year.
Does it make a profit?
2.5%
A little. It keeps 2.5% of every sale as profit.
Does profit turn into cash?
−2.1%
No. It spent more cash than it brought in.
Is debt under control?
4.0x
Heavy. Repaying its debt would take 4.0 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
67.0x
One share costs 67.0 times its yearly profit per share. Typical for its sector: 26.0x.
What Boeing does
Boeing designs and builds commercial jetliners, military aircraft, weapons, satellites and spacecraft, and services the planes and systems it sells. Its customers are mainly airlines around the world and governments, above all the U.S. military and NASA. It reports three segments. Commercial Airplanes makes the 737 narrow-body jet and the 767, 777 and 787 wide-body jets, and is still developing a new version of the 777 and two new versions of the 737. Defense, Space & Security builds fighters, trainers, helicopters, tankers, missile defense systems and satellites. Global Services supplies spare parts, maintenance, upgrades, pilot training and data tools to commercial and defense customers. In 2025, 35% of revenue came from U.S. government contracts, and customers outside the U.S. accounted for 46%. Boeing names Airbus and new entrants from China as its main rivals in jetliners, and General Dynamics, Lockheed Martin, Northrop Grumman, RTX and SpaceX in defense.
Biggest risks, in its own words
- Its heavy dependence on commercial airlines, whose demand for new planes can swing sharply.
- Changes in U.S. defense spending or priorities, or long delays in government funding.
- Suppliers that fail to deliver quality parts on time, and shortages of skilled labor and materials.
- Strikes by its unionized workers or its suppliers' workers that halt production.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Jan 30, 2026
- Legal name
- THE BOEING COMPANY
- CIK
- 0000012927
Boeing · BA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $62.3B | $66.6B | $77.8B | $66.5B | $89.5B |
| Revenue growth | 7.1% | 6.9% | 16.8% | −14.5% | 34.5% |
| Gross margin | 4.9% | 5.3% | 9.9% | −3.0% | 4.8% |
| Operating margin | −4.6% | −5.3% | −1.0% | −16.1% | 4.8% |
| Net income | −$4.2B | −$4.9B | −$2.2B | −$11.8B | $2.2B |
| Net margin | −6.8% | −7.4% | −2.9% | −17.8% | 2.5% |
| Diluted EPS | −$7.15 | −$8.30 | −$3.67 | −$18.36 | $2.48 |
| Cash | |||||
| Cash from operations | −$3.4B | $3.5B | $6.0B | −$12.1B | $1.1B |
| Capital expenditure | $980M | $1.2B | $1.5B | $2.2B | $2.9B |
| Free cash flow | −$4.4B | $2.3B | $4.4B | −$14.3B | −$1.9B |
| FCF margin | −7.1% | 3.4% | 5.7% | −21.5% | −2.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $331M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 3.3% | 1.2% | 1.8% | 6.8% | 17.8% |
| Debt and strength | |||||
| Cash and short-term investments | $16.2B | $17.2B | $16.0B | $26.3B | $29.4B |
| Debt incl. finance leases | $57.9B | $56.8B | $52.1B | $53.9B | $54.1B |
| Shareholders' equity | −$15.0B | −$15.9B | −$17.2B | −$3.9B | $5.5B |
| Net debt / EBITDA | — | — | 33.2x | — | 4.0x |
| Current ratio | 1.3x | 1.2x | 1.1x | 1.3x | 1.2x |
| Interest coverage | −1.1x | −1.4x | −0.3x | −3.9x | 1.5x |
| Returns and quality | |||||
| Return on capital | — | −11.0% | −2.9% | −39.8% | 13.5% |
| Piotroski F-score | — | 4 | 6 | 2 | 6 |
| Altman Z'' | 1.8 | 1.4 | 1.1 | 1.1 | 1.3 |
Insiders bought, 12 months
$0.9M
3 insiders
Insiders sold, 12 months
$5.3M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Boeing · BA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Boeing BA | $148.9B | 34.5% | 4.8% | −2.1% | 13.5% | 67.0x | 6 |
| Lockheed Martin LMT | $147.0B | 5.6% | 10.3% | 9.2% | 27.1% | 22.6x | 5 |
| GE Aerospace GE | $300.3B | 18.5% | — | 15.8% | 35.8% | 33.3x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $188.31 a share, the company is worth $148.9B: 67.0 times its earnings of the last four quarters.
Boeing grew sales faster than 2 of its 2 similar companies. Its P/E is higher than 2 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000012927). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.