Boeing Co-The (BA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	-$0.31	-$0.76	-145.2%	—	—	—
Q4 26	-$0.67	-$0.2	+70.1%	—	—	—
Q3 26	-$0.41	$9.92	+2519.5%	—	—	—
Q2 26	-$2.38	-$7.47	-213.9%	—	—	—
Q1 26	-$1.27	-$1.24	+2.4%	—	—	—
Q4 25	-$1.3	-$0.49	+62.3%	—	—	—
Q3 25	-$3.78	-$5.9	-56.1%	—	—	—
Q2 25	-$8.72	-$10.4	-19.7%	—	—	—
Q1 25	-$2.01	-$2.9	-44.3%	—	—	—
Q4 24	-$1.52	-$1.13	+25.7%	—	—	—
Q3 24	-$0.79	-$0.47	+40.5%	—	—	—
Q2 24	-$2.61	-$3.26	-24.9%	—	—	—
Q1 24	-$0.89	-$0.82	+7.9%	—	—	—
Q4 23	-$1.05	-$1.27	-21.0%	—	—	—
Q3 23	$0.2	-$1.75	-975.0%	—	—	—
Q2 23	$0.09	-$6.18	-6966.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.49	—	—	$89.5B	—
FY24	—	-$18.4	—	—	$66.5B	—
FY23	—	-$3.67	—	—	$77.8B	—
FY22	—	-$8.3	—	—	$66.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$93.5B	$94B	$101.1B	$76.6B	$58.2B	$62.3B	$66.6B	$77.8B	$66.5B	$89.5B
YoY change	-2.72%	+0.54%	+7.58%	-24.3%	-24%	+7.1%	+6.94%	+16.8%	-14.5%	+34.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	93.5B	94B	101.1B	76.6B	58.2B	62.3B	66.6B	77.8B	66.5B	89.5B
Cost of revenue	79B	76.6B	81.5B	72.1B	63.8B	59.2B	63.1B	70.1B	68.5B	85.2B
Gross profit	14.5B	17.4B	19.6B	4.5B	-5.7B	3B	3.5B	7.7B	-2B	4.3B
Gross margin	15.5%	18.5%	19.4%	5.83%	-9.78%	4.9%	5.3%	9.93%	-2.99%	4.79%
Research & development	4.6B	3.2B	3.3B	3.2B	2.5B	2.2B	2.9B	3.4B	3.8B	3.6B
Selling, general & administrative	3.6B	4.1B	4.6B	3.9B	4.8B	4.2B	4.2B	5.2B	5B	6.1B
Operating expenses	8.2B	7.3B	7.8B	7.1B	7.3B	6.4B	7B	8.5B	8.8B	9.7B
Operating income	6.2B	10.1B	11.8B	-2.7B	-13B	-3.4B	-3.5B	-821M	-10.8B	-5.4B
Operating margin	6.66%	10.8%	11.7%	-3.48%	-22.3%	-5.39%	-5.27%	-1.06%	-16.3%	-6.05%
Non-operating income, net	-142M	348M	278M	1.1B	658M	1B	1B	1.3B	1.3B	10.8B
Pretax income	5.8B	10.1B	11.6B	-2.3B	-14.5B	-5B	-5B	-2B	-12.2B	2.6B
Income tax	749M	1.6B	1.1B	-1.6B	-2.5B	-743M	31M	237M	-381M	397M
Net income	5B	8.5B	10.5B	-636M	-11.9B	-4.3B	-5.1B	-2.2B	-11.8B	2.2B
Net margin	5.38%	9%	10.3%	-0.83%	-20.5%	-6.89%	-7.59%	-2.88%	-17.8%	2.5%
EBITDA	7.7B	12.3B	14B	47M	-10.3B	-662M	-472M	2.3B	-7.8B	-2.3B
EPS	7.7	13.6	18.1	-1.12	-20.9	-7.15	-8.3	-3.67	-18.4	2.49
Diluted EPS	7.61	13.4	17.9	-1.12	-20.9	-7.15	-8.3	-3.67	-18.4	2.48

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	18.1B	22B	16.6B	16.9B	17.8B	15.2B	19.5B	22.7B	23.3B	23.9B	22.2B	—
Cost of revenue	16.9B	19.3B	14.7B	15.6B	21.3B	16.8B	17.1B	20.3B	25.6B	22.1B	19.7B	—
Gross profit	1.2B	2.7B	1.9B	1.2B	-3.5B	-1.6B	2.4B	2.4B	-2.4B	1.8B	2.5B	—
Gross margin	6.44%	12.2%	11.3%	7.29%	-19.7%	-10.4%	12.4%	10.7%	-10.2%	7.57%	11.5%	—
Research & development	958M	881M	868M	954M	1.2B	836M	844M	910M	897M	964M	903M	—
Selling, general & administrative	1B	1.5B	1.2B	1.4B	1.1B	1.4B	1.1B	1.8B	1.5B	1.7B	1.2B	—
Operating expenses	2B	2.4B	2B	2.3B	2.2B	2.2B	2B	2.7B	2.4B	2.6B	2.1B	—
Operating income	-836M	281M	-153M	-1.1B	-5.7B	-3.8B	461M	-268M	-4.8B	-815M	446M	—
Operating margin	-4.62%	1.28%	-0.92%	-6.53%	-32.2%	-25.1%	2.36%	-1.18%	-20.6%	-3.4%	2.01%	—
Non-operating income, net	325M	310M	344M	260M	250M	485M	323M	417M	289M	9.8B	196M	—
Pretax income	-1.1B	-9M	-378M	-1.5B	-6.2B	-4.1B	76M	-561M	-5.2B	8.3B	26M	—
Income tax	538M	21M	-23M	-76M	-50M	-232M	107M	51M	140M	99M	33M	—
Net income	-1.6B	-30M	-355M	-1.4B	-6.2B	-3.9B	-31M	-612M	-5.3B	8.2B	-7M	—
Net margin	-9.05%	-0.14%	-2.14%	-8.53%	-34.6%	-25.3%	-0.16%	-2.69%	-22.9%	34.3%	-0.03%	—
EBITDA	-72M	1.1B	566M	-413M	-5B	-2.9B	1.3B	517M	-4B	-78M	1.2B	—
EPS	-2.7	-0.04	-0.56	-2.33	-9.97	-5.46	-0.16	-0.92	-7.14	10.6	-0.11	-0.67
Diluted EPS	-2.7	-0.04	-0.56	-2.33	-9.97	-5.46	-0.16	-0.92	-7.14	10.2	-0.11	-0.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	99B	177.7B	186.9B	185B	121.7B	118.3B	113.3B	157.8B	113.9B	—	183.5B
Enterprise value	98.9B	178.9B	192.2B	202.5B	160B	160.4B	153.3B	194.5B	141.8B	—	218.9B
Shares outstanding	635.7M	602.7M	579.5M	567.9M	568.6M	587.7M	594.6M	605.4M	643.6M	759M	759M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.7	21	17.9	—	—	—	—	—	—	—	85.5
P/S	1.06	1.89	1.85	2.42	2.09	1.9	1.7	2.03	1.71	—	2.02
P/B	112.8	103.8	455.8	-22.3	-6.73	-7.97	-7.15	-9.16	-29.1	—	31.1
EV/EBITDA	12.9	14.6	13.7	4.3K	-15.6	-242.4	-324.8	85.8	-18.3	—	-75.5
EV/Sales	1.06	1.9	1.9	2.65	2.75	2.58	2.3	2.5	2.13	—	2.33
Earnings yield	5.09%	4.76%	5.6%	—	—	—	—	—	—	—	1.17%
FCF yield	7.97%	6.46%	7.24%	-2.38%	-16.2%	-3.72%	2.02%	2.81%	-12.6%	—	3.07%
PEG	—	—	—	—	—	—	—	—	—	—	-3.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	15.5%	18.5%	19.4%	5.83%	-9.78%	4.9%	5.3%	9.93%	-2.99%	4.79%	4.79%
Operating margin	6.66%	10.8%	11.7%	-3.48%	-22.3%	-5.39%	-5.27%	-1.06%	-16.3%	-6.05%	0%
Net margin	5.38%	9%	10.3%	-0.83%	-20.5%	-6.89%	-7.59%	-2.88%	-17.8%	2.5%	2.59%
ROE	574%	493.8%	2.6K%	7.66%	66.1%	28.9%	31.9%	13%	302.2%	41%	173.5%
ROA	5.59%	7.53%	8.91%	-0.48%	-7.85%	-3.1%	-3.69%	-1.64%	-7.57%	1.33%	-1.98%
ROIC	678%	298.4%	186.9%	-28.9%	-64.3%	-12.3%	-14.5%	-4.23%	-45.1%	-15.1%	-14.7%
Return on tangible assets	6.78%	8.8%	11%	-0.57%	-9.17%	-3.66%	-4.34%	-1.92%	-8.68%	1.71%	1.79%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.25	1.14	1.08	1.05	1.39	1.33	1.22	1.14	1.32	1.19	1.14
Quick ratio	0.38	0.32	0.31	0.26	0.46	0.36	0.35	0.31	0.42	0.4	0.35
Debt / equity	11.3	6.49	33.8	-3.32	-3.53	-3.93	-3.61	-3.05	-13.8	9.97	7.91
Debt / assets	0.11	0.1	0.12	0.21	0.42	0.42	0.42	0.38	0.35	0.32	0.29
Net debt / EBITDA	-0.01	0.09	0.38	372.9	-3.72	-63.6	-84.9	16.2	-3.59	-10.7	-11.1
Interest coverage	19.9	29.1	25.4	-2.13	-5.71	-0.85	-0.96	0.18	-3.48	1.95	1.96
Effective tax rate	13%	16.3%	9.86%	0%	0%	0%	0%	0%	0%	15.1%	12.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	147.1	156	174.5	134.8	102.3	106	112	128.5	103.3	117.9	121
EPS (basic)	7.7	13.6	18.1	-1.12	-20.9	-7.15	-8.3	-3.67	-18.4	2.49	2.49
EPS (diluted)	7.61	13.4	17.9	-1.12	-20.9	-7.15	-8.3	-3.67	-18.4	2.48	2.81
Book value per share	1.38	2.84	0.71	-14.6	-31.8	-25.3	-26.7	-28.5	-6.08	7.19	7.72
FCF per share	12.4	19	23.3	-7.76	-34.7	-7.48	3.85	7.32	-22.4	-2.48	-1.28
Cash per share	15.8	16.6	14.8	17.7	45	27.6	29	26.4	40.8	38.7	24.4
Capex per share	4.05	2.73	2.76	2.64	1.77	0.77	2	2.48	3.39	—	4.23

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.75%	1.75%	1.58%	1.96%	1.73%	0.72%	1.78%	1.93%	3.28%	—	3.76%
Capex / operating cash flow	25.5%	12.7%	11.3%	-15%	-5.11%	100.2%	263.8%	29.2%	-12.3%	—	54.2%
Payout ratio	54.7%	40.4%	37.7%	-728%	-9.7%	—	—	—	—	14.8%	0%
Dividend yield	2.78%	1.92%	2.11%	2.5%	0.95%	—	—	—	—	—	3.54%

Yield

3.54%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.055

ex-dividend Feb 13, 2020

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Feb 13, 2020	$2.055
Nov 7, 2019	$2.055
Aug 8, 2019	$2.055

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$18.1B	$22B	$16.6B	$16.9B	$17.8B	$15.2B	$19.5B	$22.7B	$23.3B	$23.9B	$22.2B	—
YoY change	+13.5%	+10.2%	-7.54%	-14.6%	-1.46%	-30.8%	+17.7%	+34.9%	+30.4%	+57.1%	+14%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	10B	10B	8.6B	10B	25.6B	16.2B	17.2B	16B	26.3B	29.4B
Receivables	7.8B	3B	3.9B	3.3B	2.4B	3B	2.6B	2.7B	2.7B	2.8B
Inventory	43.2B	61.4B	62.6B	76.6B	81.7B	78.8B	78.2B	79.7B	87.5B	84.7B
Total current assets	62.5B	85.2B	87.8B	102.2B	121.6B	108.7B	109.5B	109.3B	128B	128.5B
Property, plant & equipment	-989M	-1.5B	-1.5B	-1.8B	-2.6B	-3.2B	-2.4B	-3.3B	-3.3B	-963M
Goodwill & intangibles	15.7B	16.3B	22.5B	22.8B	21.8B	21.3B	20.7B	20.4B	20.1B	37.7B
Total assets	90B	112.4B	117.4B	133.6B	152.1B	138.6B	137.1B	137B	156.4B	168.2B
Accounts payable	11.2B	12.2B	12.9B	15.6B	12.9B	9.3B	10.2B	12B	11.4B	13.1B
Short-term debt	384M	1.3B	3.2B	7.6B	2B	1.6B	5.5B	5.5B	1.6B	8.8B
Total current liabilities	50.1B	74.6B	81.6B	97.3B	87.3B	82B	90.1B	95.8B	97.1B	108.1B
Long-term debt	9.6B	9.8B	10.7B	20B	61.9B	56.8B	51.8B	47.1B	52.6B	45.6B
Total liabilities	89.1B	110.6B	116.9B	141.9B	170.2B	153.4B	152.9B	154.2B	160.3B	162.8B
Shareholders' equity	877M	1.7B	410M	-8.3B	-18.1B	-14.8B	-15.8B	-17.2B	-3.9B	5.5B
Total debt	10B	11.1B	13.8B	27.6B	63.9B	58.4B	57.3B	52.6B	54.2B	54.4B
Net debt	1.2B	2.3B	6.2B	18.1B	56.1B	50.3B	42.7B	39.9B	40.4B	43.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	13.8B	13.4B	16B	7.5B	12.6B	10.5B	26.3B	23.7B	23B	23B	29.4B	20.9B
Receivables	2.9B	3B	2.7B	3B	3.2B	2.9B	2.7B	3.2B	3.2B	3.3B	2.8B	3.5B
Inventory	78.3B	79B	79.7B	83.5B	85.7B	83.3B	87.5B	89.1B	87.9B	82.4B	84.7B	87.2B
Total current assets	107.4B	106.9B	109.3B	106.5B	114.4B	109.4B	128B	127.7B	127.3B	122.1B	128.5B	124.1B
Property, plant & equipment	-21.9B	-22.1B	-3.3B	11.5B	11.8B	11.6B	-3.3B	11.8B	12B	12.3B	-963M	16.2B
Goodwill & intangibles	20.5B	20.4B	20.4B	20.2B	20.4B	20.2B	20.1B	20B	17.6B	17.6B	37.7B	38.3B
Total assets	134.8B	134.3B	137B	134.5B	142.7B	137.7B	156.4B	156.5B	155.1B	150B	168.2B	164.8B
Accounts payable	10.9B	11.1B	12B	11.6B	11.9B	12.3B	11.4B	11B	11.2B	11.7B	13.1B	13.7B
Short-term debt	4.6B	4.9B	5.5B	1.1B	4.8B	4.5B	1.6B	7.9B	8.7B	8.7B	8.8B	2.9B
Total current liabilities	92.1B	93.1B	95.8B	93.3B	96.6B	97.3B	97.1B	103.7B	103.4B	103.3B	108.1B	105.5B
Long-term debt	47.7B	47.4B	47.1B	46.9B	53.2B	53.2B	52.6B	45.7B	44.6B	44.6B	45.6B	44.4B
Total liabilities	150.3B	151B	154.2B	151.5B	160.7B	161.3B	160.3B	159.8B	158.4B	158.3B	162.8B	158.8B
Shareholders' equity	-15.5B	-16.7B	-17.2B	-17B	-18B	-23.6B	-3.9B	-3.3B	-3.3B	-8.3B	5.5B	6B
Total debt	52.3B	52.3B	52.6B	47.9B	57.9B	57.6B	54.2B	53.6B	53.3B	53.4B	54.4B	47.2B
Net debt	45B	45.5B	39.9B	41B	47B	47.7B	40.4B	43.5B	46.2B	47.2B	43.5B	37.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	5B	8.5B	10.5B	-636M	-11.9B	-4.3B	-5.1B	-2.2B	-11.8B	2.2B
Depreciation & amortization	1.9B	2B	2.1B	2.3B	2.2B	2.1B	2B	1.9B	1.8B	2B
Stock-based compensation	190M	202M	202M	212M	250M	833M	725M	690M	407M	426M
Change in working capital	2.6B	1.9B	1.2B	-12.4B	-18.4B	-3.3B	1.2B	3.3B	-10.3B	-2.3B
Operating cash flow	10.1B	12.9B	14.2B	-10B	-19.7B	450M	450M	5.1B	-17.8B	1.1B
Capital expenditure	-2.6B	-1.6B	-1.6B	-1.5B	-1B	-451M	-1.2B	-1.5B	-2.2B	—
Investing cash flow	-3.4B	-1.9B	-4.6B	-1.4B	-18.4B	9.3B	4.4B	-2.4B	-11.9B	3.4B
Dividends paid	-2.8B	-3.4B	-3.9B	-4.6B	-1.2B	—	—	—	—	-331M
Share repurchases	-7B	-9.2B	-9B	-2.7B	—	—	—	—	—	—
Financing cash flow	-9.9B	-11.7B	-11.8B	5.7B	34.9B	-5.6B	-1.3B	-5.5B	25.2B	-3.8B
Net change in cash	-3.2B	-669M	-2.2B	-5.7B	-3.1B	4.1B	3.5B	-2.8B	-4.5B	670M
Free cash flow	7.9B	11.5B	13.5B	-4.4B	-19.7B	-4.4B	2.3B	4.4B	-14.4B	-1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	-149M	-1.6B	-30M	-355M	-1.4B	-6.2B	-3.9B	-31M	-612M	-5.3B	8.2B	-7M
Depreciation & amortization	456M	467M	481M	442M	441M	444M	509M	466M	460M	491M	536M	573M
Stock-based compensation	159M	167M	142M	119M	89M	102M	97M	135M	119M	89M	83M	161M
Change in working capital	1.7B	914M	1.1B	-3.5B	-3.5B	-173M	-3.1B	-2.3B	-272M	-518M	774M	-154M
Operating cash flow	2.5B	197M	2B	-2.7B	-4.2B	-5.1B	-5.8B	-1.2B	133M	1.1B	1.3B	-179M
Capital expenditure	-288M	-326M	-423M	-556M	-385M	-595M	-645M	-671M	-426M	—	—	—
Investing cash flow	-3B	-384M	2.8B	2.1B	-2B	679M	-12.6B	-1.7B	-2.3B	-1.1B	7.3B	7B
Dividends paid	—	—	—	—	—	—	—	-72M	-86M	-86M	-87M	-86M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-3.4B	-39M	-356M	-4.5B	10B	-300M	-3.9B	-338M	-399M	-87M	-3B	-7B
Net change in cash	-3.9B	-226M	4.4B	-5.1B	3.9B	-4.8B	-22.3B	-3.3B	-2.5B	-35M	5.7B	-223M
Free cash flow	2.6B	-310M	3B	-3.9B	-4.4B	-2B	-4.1B	-2.3B	-200M	238M	366M	-1.5B

Date	Ratio
Jun 9, 1997	2:1
Jun 11, 1990	3:2
Jun 12, 1989	3:2
Jun 10, 1985	3:2
Apr 15, 1980	3:2
Apr 16, 1979	3:2
Sep 13, 1977	2:1

Boeing Co-The Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history