Boeing
BA · Aerospace & Defense
$188.35
0.4%GE Aerospace
GE · Aerospace & Defense
$285.64
2.7%The short version
- Boeing is the larger business, with $89.5B of revenue in fiscal 2025 against $45.9B for GE Aerospace, about 2.0 times as much.
- Boeing grew revenue faster (34.5%, against 18.5%).
- GE Aerospace turned more of its sales into free cash flow (15.8% FCF margin, against −2.1% FCF margin).
- GE Aerospace earned a higher return on the capital invested in it (35.8%, against 13.5%).
- Investors pay more for each dollar of Boeing’s earnings: a P/E of 67.0x against 33.0x for GE Aerospace.
| Latest fiscal year | BA · FY25 | GE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $148.9B | $297.4B |
| Revenue | $89.5B | $45.9B |
| Free cash flow | −$1.9B | $7.3B |
| Net income | $2.2B | $8.7B |
| Growth | ||
| Revenue growth | 34.5% | 18.5% |
| 5-year growth | 9.0% | −9.6% |
| Share count change | 17.8% | −2.4% |
| Profitability | ||
| Gross margin | 4.8% | — |
| Operating margin | 4.8% | — |
| Net margin | 2.5% | 19.0% |
| FCF margin | −2.1% | 15.8% |
| Return on capital | 13.5% | 35.8% |
| Return on equity | — | 45.8% |
| Balance sheet | ||
| Net debt | $24.7B | $8.1B |
| Net debt / EBITDA | 4.0x | 0.7x |
| Dividends and buybacks | $331M | $9.0B |
| Valuation & quality | ||
| P/E | 67.0x | 33.0x |
| Piotroski F-score | 6 | 5 |
FY16
BA $93.5B
GE $119.5B
FY17
BA $94.0B
GE $99.3B
FY18
BA $101.1B
GE $97.0B
FY19
BA $76.6B
GE $90.2B
FY20
BA $58.2B
GE $75.8B
FY21
BA $62.3B
GE $56.5B
FY22
BA $66.6B
GE $29.1B
FY23
BA $77.8B
GE $35.3B
FY24
BA $66.5B
GE $38.7B
FY25
BA $89.5B
GE $45.9B
BA
GE
FY16
BA 7.0%
GE —
FY17
BA 11.0%
GE —
FY18
BA 11.9%
GE —
FY19
BA −2.6%
GE —
FY20
BA −22.0%
GE —
FY21
BA −4.6%
GE —
FY22
BA −5.3%
GE —
FY23
BA −1.0%
GE —
FY24
BA −16.1%
GE —
FY25
BA 4.8%
GE —
BA
GE
FY16
BA $7.9B
GE −$6.0B
FY17
BA $11.6B
GE −$88.0M
FY18
BA $13.6B
GE −$1.6B
FY19
BA −$4.3B
GE $6.5B
FY20
BA −$19.7B
GE $2.0B
FY21
BA −$4.4B
GE $2.2B
FY22
BA $2.3B
GE $4.5B
FY23
BA $4.4B
GE $4.3B
FY24
BA −$14.3B
GE $3.7B
FY25
BA −$1.9B
GE $7.3B
BA
GE
FY16
BA —
GE 6.7%
FY17
BA —
GE −3.5%
FY18
BA —
GE −9.1%
FY19
BA —
GE 3.1%
FY20
BA —
GE 11.2%
FY21
BA —
GE —
FY22
BA −11.0%
GE —
FY23
BA −2.9%
GE 28.3%
FY24
BA −39.8%
GE 25.2%
FY25
BA 13.5%
GE 35.8%
BA
GE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.