BA BOEING CO
NYSEIndustrialsAircraftArlington, VAFY ends December 31
FY2025 at a glance
Fundamentals from SEC filings, not quotes- Revenue
- $89.5BYoYup 34.50%ended Dec 31, 2025
- Net income
- $2.24B2.5% margin
- Diluted EPS
- $2.48YoY—
- Free cash flow
- -$1.88B-2.1% margin
- Cash
- $10.9BNet debt $34.7B
- Total debt
- $45.6BD/E 8.37×
Overview
BOEING CO (BA) is listed on NYSE; the SEC classifies it under "Aircraft".
For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $89.46B, up 34.5% from fiscal 2024.
Net income was $2.24B, a net margin of 2.5%.
At fiscal year end it had total assets of $168.24B and stockholders' equity of $5.45B (3.2% of assets).
- Fiscal years shown
- FY2016–FY2025 (10 years)
- Latest 10-K
- Jan 30, 2026
- Latest filing
- 10-QOct 27, 2026
Charts
Revenue and net income
| Period | Revenue | Net income | Net margin |
|---|---|---|---|
| FY2016 | $94.6B | $4.9B | 5.2% |
| FY2017 | $93.4B | $8.2B | 8.8% |
| FY2018 | $101B | $10.5B | 10.3% |
| FY2019 | $76.6B | -$636M | -0.8% |
| FY2020 | $58.2B | -$11.9B | -20.4% |
| FY2021 | $62.3B | -$4.2B | -6.7% |
| FY2022 | $66.6B | -$4.94B | -7.4% |
| FY2023 | $77.8B | -$2.22B | -2.9% |
| FY2024 | $66.5B | -$11.8B | -17.8% |
| FY2025 | $89.5B | $2.24B | 2.5% |
Gross, operating and net margin
| Period | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 14.6% | 6.2% | 5.2% |
| FY2017 | 18.6% | 11.0% | 8.8% |
| FY2018 | 19.4% | 11.9% | 10.3% |
| FY2019 | 5.8% | -2.6% | -0.8% |
| FY2020 | -9.8% | -22.0% | -20.4% |
| FY2021 | 4.8% | -4.7% | -6.7% |
| FY2022 | 5.3% | -5.3% | -7.4% |
| FY2023 | 9.9% | -1.0% | -2.9% |
| FY2024 | -3.0% | -16.1% | -17.8% |
| FY2025 | 4.8% | 4.8% | 2.5% |
Diluted EPS
| Period | EPS (diluted) |
|---|---|
| FY2016 | $7.61 |
| FY2017 | $13.43 |
| FY2018 | $17.85 |
| FY2019 | -$1.12 |
| FY2020 | -$20.88 |
| FY2021 | -$7.15 |
| FY2022 | -$8.30 |
| FY2023 | -$3.67 |
| FY2024 | -$18.36 |
| FY2025 | $2.48 |
Free cash flow vs net income
| Period | Free cash flow | Net income |
|---|---|---|
| FY2016 | $7.89B | $4.9B |
| FY2017 | $11.6B | $8.2B |
| FY2018 | $13.6B | $10.5B |
| FY2019 | -$4.28B | -$636M |
| FY2020 | -$19.7B | -$11.9B |
| FY2021 | -$4.4B | -$4.2B |
| FY2022 | $2.29B | -$4.94B |
| FY2023 | $4.43B | -$2.22B |
| FY2024 | -$14.3B | -$11.8B |
| FY2025 | -$1.88B | $2.24B |
Diluted shares
| Period | Diluted shares (weighted) |
|---|---|
| FY2016 | 643M |
| FY2017 | 610M |
| FY2018 | 586M |
| FY2019 | 565M |
| FY2020 | 569M |
| FY2021 | 588M |
| FY2022 | 595M |
| FY2023 | 606M |
| FY2024 | 647M |
| FY2025 | 762M |
Cash vs total debt
| Period | Cash & equivalents | Total debt |
|---|---|---|
| FY2016 | $8.8B | $9.57B |
| FY2017 | $8.81B | $10.4B |
| FY2018 | $7.64B | $12.6B |
| FY2019 | $9.49B | $26.1B |
| FY2020 | $7.75B | $61.9B |
| FY2021 | $8.05B | $56.8B |
| FY2022 | $14.6B | $51.8B |
| FY2023 | $12.7B | $47.1B |
| FY2024 | $13.8B | $52.6B |
| FY2025 | $10.9B | $45.6B |
Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Ratios
Profitability
- Gross margin
- 4.8%
- Operating margin
- 4.8%
- Net margin
- 2.5%
- FCF margin
- -2.1%
- Return on equity
- 289.1%
- Return on assets
- 1.4%
Growth
| Metric | 1y | 3y CAGR | 5y CAGR | 9y CAGR |
|---|---|---|---|---|
| Revenue | up 34.50% | up 10.33% | up 9.00% | down 0.62% |
| EPS (diluted) | — | — | — | down 11.71% |
| Free cash flow | — | — | — | — |
- Change in share count
- +17.84%
Financial strength
- Current ratio
- 1.19×
- Debt / equity
- 8.37×
- Liabilities / assets
- 96.8%
- Net debt
- $34.7B
- Equity / assets
- 3.2%
Shareholder returns
- Dividends paid
- $331M
- Payout ratio
- 14.8%
- Stock comp. / revenue
- 0.5%
Quality screens
Piotroski F-Score
6 of 9 checks passed
FY2025 vs FY2024
- PassPositive return on assets1.4%
- PassPositive operating cash flow$1.07B
- PassReturn on assets improved1.4% vs -8.6%
- FailOperating cash flow above net income0.7% vs 1.4%
- PassLong-term debt / assets fell27.1% vs 33.6%
- FailCurrent ratio improved1.19× vs 1.32×
- FailNo increase in share count762M vs 647M
- PassGross margin improved4.8% vs -3.0%
- PassAsset turnover improved0.57× vs 0.49×
Altman Z''-Score
FY2025
| Components | Ratio | Weight | Points |
|---|---|---|---|
| Working capital / assets | 0.121 | ×6.56 | 0.79 |
| Retained earnings / assets | 0.103 | ×3.26 | 0.33 |
| Operating income / assets | 0.025 | ×6.72 | 0.17 |
| Equity / liabilities | 0.034 | ×1.05 | 0.04 |
| Z'' | 1.33 | ||
Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89,463 | 66,517 | 77,794 | 66,608 | 62,286 | 58,158 | 76,559 | 101,127 | 93,392 | 94,571 |
| YoY (Revenue) | +34.50% | -14.50% | +16.79% | +6.94% | +7.10% | -24.04% | -24.29% | +8.28% | -1.25% | — |
| Gross profit | 4,289 | -1,991 | 7,724 | 3,502 | 3,017 | -5,685 | 4,466 | 19,637 | 17,326 | 13,781 |
| Research & development | 3,615 | 3,812 | 3,377 | 2,852 | 2,249 | 2,476 | 3,219 | 3,269 | 3,179 | 4,627 |
| Operating income | 4,281 | -10,707 | -773 | -3,547 | -2,902 | -12,767 | -1,975 | 11,987 | 10,278 | 5,834 |
| Pretax income | 2,635 | -12,210 | -2,005 | -5,022 | -5,033 | -14,476 | -2,259 | 11,604 | 10,047 | 5,568 |
| Income tax | 397 | -381 | 237 | 31 | -743 | -2,535 | -1,623 | 1,144 | 1,850 | 673 |
| Net income | 2,235 | -11,817 | -2,222 | -4,935 | -4,202 | -11,873 | -636 | 10,460 | 8,197 | 4,895 |
| YoY (Net income) | — | — | — | — | — | — | -106.08% | +27.61% | +67.46% | — |
| EPS (basic) | 2.49 | -18.36 | -3.67 | -8.30 | -7.15 | -20.88 | -1.12 | 18.05 | 13.60 | 7.70 |
| EPS (diluted) | 2.48 | -18.36 | -3.67 | -8.30 | -7.15 | -20.88 | -1.12 | 17.85 | 13.43 | 7.61 |
| YoY (EPS (diluted)) | — | — | — | — | — | — | -106.27% | +32.91% | +76.48% | — |
| Diluted shares (weighted) | 762 | 647 | 606 | 595 | 588 | 569 | 565 | 586 | 610 | 643 |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | 10,921 | 13,801 | 12,691 | 14,614 | 8,052 | 7,752 | 9,485 | 7,637 | 8,813 | 8,801 |
| Receivables | 2,921 | 2,631 | 2,649 | 2,517 | 2,641 | 1,955 | 3,266 | 3,879 | 10,516 | 8,832 |
| Current assets | 128,459 | 127,998 | 109,275 | 109,523 | 108,666 | 121,642 | 102,229 | 87,830 | 65,161 | 62,488 |
| Goodwill | 17,275 | 8,084 | 8,093 | 8,057 | 8,068 | 8,081 | 8,060 | 7,840 | 5,559 | 5,324 |
| Intangible assets | 1,567 | 1,957 | 2,094 | 2,311 | 2,562 | 2,843 | 3,338 | 3,429 | 2,573 | 2,540 |
| Total assets | 168,235 | 156,363 | 137,012 | 137,100 | 138,552 | 152,136 | 133,625 | 117,359 | 92,333 | 89,997 |
| Current liabilities | 108,115 | 97,078 | 95,827 | 90,052 | 81,992 | 87,280 | 97,312 | 81,590 | 56,269 | 50,134 |
| Short-term debt | — | — | — | — | — | — | 6,109 | 1,895 | 600 | — |
| Long-term debt | 45,637 | 52,586 | 47,103 | 51,811 | 56,806 | 61,890 | 19,962 | 10,657 | 9,782 | 9,568 |
| Total liabilities | 162,778 | 160,277 | 154,240 | 152,948 | 153,398 | 170,211 | — | — | — | — |
| Retained earnings | 17,252 | 15,362 | 27,251 | 29,473 | 34,408 | 38,610 | 50,644 | 55,941 | 45,320 | 40,714 |
| Stockholders' equity | 5,454 | -3,908 | -17,233 | -15,883 | -14,999 | -18,316 | -8,617 | 339 | 355 | 817 |
| Shares outstanding | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 | 1,012 |
Cash flow
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,065 | -12,080 | 5,960 | 3,512 | -3,416 | -18,410 | -2,446 | 15,322 | 13,344 | 10,499 |
| Capital expenditures | 2,942 | 2,230 | 1,527 | 1,222 | 980 | 1,303 | 1,834 | 1,722 | 1,739 | 2,613 |
| Free cash flow | -1,877 | -14,310 | 4,433 | 2,290 | -4,396 | -19,713 | -4,280 | 13,600 | 11,605 | 7,886 |
| YoY (Free cash flow) | — | -422.81% | +93.58% | — | — | — | -131.47% | +17.19% | +47.16% | — |
| Depreciation & amortization | 1,953 | 1,836 | 1,861 | 1,979 | 2,144 | 2,246 | 2,271 | 2,114 | 2,069 | 1,910 |
| Stock-based compensation | 426 | 407 | 690 | 725 | 833 | 250 | 212 | 202 | 202 | 190 |
| Share repurchases | — | — | — | — | — | — | 2,651 | 9,000 | 9,236 | 7,001 |
| Dividends paid | 331 | — | — | — | — | 1,158 | 4,630 | 3,946 | 3,417 | 2,756 |
| Dividends per share | — | — | — | — | — | — | 8.22 | 7.19 | 5.97 | 4.69 |
Key financials (annual, 10-K)
Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.
Filing timeline
- 10-QQuarterly report· Sep 30, 2026(SEC EDGAR)
- 8-KCurrent report· Oct 27, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· Aug 24, 2026(SEC EDGAR)
- 1.01Material agreement
- 2.03New financial obligation
- 9.01Financial statements and exhibits
- 8-KCurrent report· Aug 19, 2026(SEC EDGAR)
- 5.02Officer or director changes
- 10-QQuarterly report· Jun 30, 2026(SEC EDGAR)
- 8-KCurrent report· Jul 28, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Mar 31, 2026(SEC EDGAR)
- 8-KCurrent report· Apr 22, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· Apr 17, 2026(SEC EDGAR)
- 5.07Shareholder vote results
- DEF 14AProxy statement· Apr 17, 2026(SEC EDGAR)
Frequently asked questions
What does BOEING CO do?
The SEC classifies BOEING CO under Standard Industrial Classification (SIC) code 3721, "Aircraft". It is headquartered in Arlington, VA. It is incorporated in DE. In fiscal 2025 it reported revenue of $89.46B and net income of $2.24B in its annual 10-K report.
What was BOEING CO's revenue in 2025?
BOEING CO reported revenue of $89.46B for fiscal 2025, which ended Dec 31, 2025, up 34.5% from $66.52B in fiscal 2024, according to its annual 10-K report filed with the SEC on Jan 30, 2026.
What was BOEING CO's net income in 2025?
BOEING CO reported net income of $2.24B for fiscal 2025, a net margin of 2.5% of revenue.
Where is BOEING CO listed?
According to the SEC, BOEING CO's ticker BA is listed on NYSE. The SEC also lists the ticker BA-PA for the company.
When does BOEING CO's fiscal year end?
According to the SEC, BOEING CO's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.
Source: SEC EDGAR · Last updated:
Ver en españolNot investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.