— Know what they know.
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Not Investment Advice

BA

NYSE · USD
The Boeing Company
Industrials · Aerospace & Defense
CEO Robert K. Ortberg Employees 182,000 R&D / revenue 4.0%
Last price
$190.21+0.78%last session
Market cap
$150.3B
P/E (TTM)
71.2x
From 52w high
−25.2%
From 52w low
+7.6%
1-year return
−10.3%
RSI 14 · vs SMA200
43.3 · −13.3%
IS score
42.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

BA   SPY   XLI (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111BA 90

Score DNA

Each bar is a 0-100 score within the scored universe
25
Profitability
97
Growth
32
Value
100
Momentum
30
Risk (safety)
45
Quality
34
Balance sheet
84
Earnings quality

Flags

Strengths
✓ Insider buying
Warnings
▲ Altman distress zone▲ Negative free cash flow▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 6 / 9Altman Z 1.6Beta 1.213 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.30M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+108
260 new holders, 116 closed
2,639 filers hold 76.2% · 1,072 added, 853 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+252
956 funds adding shares
704 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
35.9%
20-day avg 44.7%, 50-day avg 43.2%
Latest 8.8 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$89.5B
Revenue growth YoY+34.5%
Gross margin4.8%
Operating income−$5.4B
Operating margin-6.1%
Net income$2.2B
Net margin2.5%
EPS (diluted)$2.48
Cash flow
Operating cash flow$1.1B
Capital expenditure$2.9B
Free cash flow−$1.9B
FCF conversion (FCF / OCF)-176.2%
Stock-based compensation$426.0M
FCF less SBC−$2.3B
Buybacks$0
Dividends$331.0M
Balance sheet & returns
Cash & short-term investments$29.4B
Total debt$53.8B
Net debt$24.4B
Shareholders' equity$5.5B
Goodwill & intangibles$18.8B
Debt / equity7.52
ROE (TTM)104.8%
ROIC (TTM)-7.7%
Operating margin by fiscal year
0.1%FY2021-5.3%FY2022-1.0%FY2023-16.2%FY2024-6.0%FY2025
Revenue $62.3B (FY2021) to $89.5B (FY2025), a 9.5% CAGR.

Valuation

P/E (TTM)71.2x
EV / EBITDA25.0x
Price / sales1.60x
Price / FCFn/m
FCF yield-0.14%
Buyback yield0.00%
SBC / revenue0.4%
Price / book24.67x
Forward P/E FY2026n/m
Forward P/E FY202752.8x
Forward P/E FY202824.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $270.89 across 9 analysts last quarter is theirs, not ours.

BA vs industry median

197 companies in Aerospace & Defense
Gross margin 4.7% 22.1% Operating margin -5.4% 4.5% Net margin 2.6% 1.2% ROIC -7.7% 7.2%
BA (TTM)Industry median Asset turnover 0.57 vs industry 0.57 · financial leverage 27.19

Earnings delivery

Next report 2026-10-27 · consensus EPS $-0.24
50%
beat rate, 6 of 12 quarters
+5.3%
median EPS surprise
2
longest beat streak
-2+35+31-49-1-269+58+11-45+2362+71-124
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
BA The Boeing Company $150.3B71.2x104.8%2.6%+34.5% −10.3%
LMT Lockheed Martin Corporation $127.4B20.3x89.2%9.2%+7.2% +12.7%
GD General Dynamics Corporation $93.1B20.7x17.8%8.2%+9.1% +4.1%
HWM Howmet Aerospace Inc. $88.1B47.3x34.7%21.0%+18.1% +15.3%
RTX RTX Corporation $261.4B33.7x12.0%8.7%+11.8% +24.0%
NOC Northrop Grumman Corporation $73.9B16.5x27.0%10.1%+5.9% —
GE GE Aerospace $325.6B36.8x48.8%17.8%+21.8% —
TDG TransDigm Group Incorporated $63.0B34.6x-28.7%19.7%+16.6% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding790,370,000
Free float99.8%
Institutional ownership76.2%
Beta1.21
Dividend yield0.00%
Last dividend$2.06 on 2020-02-13
50 / 200-day average$206.21 / $219.64
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where BA sits among 56 scored companies in Aerospace & Defense (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureBAIndustry medianIndustry percentileSector median
P/E (TTM) 61.7x 33.9x
87th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.6x 4.3x
16th		 2.0x
Price / book 24.6x 3.6x
96th		 2.9x
Price / tangible book —
Price / free cash flow —
Price / operating cash flow 41.3x 29.1x
82nd		 14.5x
Enterprise value $176.2B $6.6B
96th		 $4.8B
EV / sales 1.9x 4.1x
20th		 2.4x
EV / EBITDA 23.4x 20.6x
64th		 13.6x
EV / EBIT 32.9x 25.7x
69th		 19.9x
EV / free cash flow —
Earnings yield 1.6% 2.2%
38th		 3.3%
FCF yield -0.1% 2.0%
31st		 3.8%
Operating cash flow yield 2.4% 2.7%
42nd		 6.2%
Graham number (per share) $23.11 $48.57
39th		 $38.21

Profitability (TTM)

MeasureBAIndustry medianIndustry percentileSector median
Gross margin 4.7% 26.5%
2nd		 30.5%
EBITDA margin 8.0% 12.4%
34th		 14.3%
Operating margin -5.4% 9.6%
19th		 9.8%
EBIT margin 5.7% 9.6%
34th		 9.9%
Net margin 2.6% 6.1%
34th		 6.0%
NOPAT margin -5.0% 7.9%
19th		 7.8%
FCF margin -0.2% 5.6%
28th		 7.0%
Operating cash flow margin 3.9% 8.6%
38th		 11.2%
R&D / revenue 3.9% 1.8%
71st		 0.0%
SG&A / revenue 6.2% 13.7%
19th		 14.1%
Stock comp / revenue 0.4% 0.7%
19th		 0.6%
Effective tax rate 7.5% 21.0%
4th		 21.0%

Returns on capital

MeasureBAIndustry medianIndustry percentileSector median
ROE (on average equity) 173.6% 10.8%
96th		 11.9%
ROA 1.5% 4.5%
31st		 4.8%
ROIC -14.7% 8.1%
16th		 8.7%
ROCE 9.5% 8.8%
56th		 9.4%
Return on tangible assets 3.3% 6.7%
35th		 7.9%
Cash ROIC (OCF / invested capital) 11.4% 9.6%
59th		 12.8%
Gross profitability (GP / assets) 2.7% 14.6%
9th		 19.2%
ROIC, 3-yr average -20.0% 8.7%
3rd		 7.8%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 264.2% 27.1%
96th		 20.5%

Growth

MeasureBAIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 24.8% 20.7%
63rd		 8.6%
Revenue growth (QoQ) 10.5% 10.2%
55th		 9.9%
Revenue CAGR, 3 yr 8.5% 13.7%
28th		 5.0%
Revenue CAGR, 5 yr 8.8% 12.1%
40th		 8.3%
Gross profit CAGR, 3 yr -3.2% 13.8%
7th		 6.5%
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr -26.6% 22.9%
0th		 8.8%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 18.7% 2.5%
97th		 2.7%
Sustainable growth rate 149.0% 11.5%
100th		 11.0%

Margin history & stability

MeasureBAIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 4.6% 26.2%
0th		 30.6%
Operating margin, 3-yr average -6.7% 9.0%
15th		 10.0%
Net margin, 3-yr average -5.4% 6.3%
15th		 6.2%
FCF margin, 3-yr average -6.4% 6.0%
20th		 7.1%
Revenue stability (0-1) 0.81 0.91
29th		 0.81
Earnings stability (0-1) 0.23 0.56
19th		 0.47
Margin stability (0-1) 0.33 0.88
13th		 0.90

Liquidity (latest quarter)

MeasureBAIndustry medianIndustry percentileSector median
Cash & short-term investments $20.0B $337.2M
100th		 $249.6M
Net cash (− = net debt) −$25.9B −$747.7M
4th		 −$666.5M
Working capital $15.1B $878.9M
100th		 $376.4M
Current ratio 1.14 2.57
5th		 1.79
Quick ratio 0.33 1.57
0th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.18 0.34
20th		 0.32
Defensive interval (days) 1,280 days 960 days
74th		 614 days

Leverage & solvency (latest quarter)

MeasureBAIndustry medianIndustry percentileSector median
Total debt $45.9B $917.3M
100th		 $919.8M
Debt / equity 7.52 0.52
96th		 0.65
Net debt / equity 4.24 0.34
96th		 0.46
Debt / assets 27.7% 24.3%
62nd		 29.3%
Debt / capital 88.3% 34.0%
96th		 39.5%
Debt / EBITDA 6.08 2.38
93rd		 2.44
Net debt / EBITDA 3.43 1.88
81st		 1.86
Interest coverage (EBIT / interest) 2.1x 5.1x
25th		 5.0x
Cash interest coverage 1.4x 5.6x
29th		 6.1x
Debt payback (years of OCF) 12.6 yrs 3.1 yrs
90th		 3.2 yrs
Liabilities / assets 96.3% 52.4%
96th		 56.7%
IS credit model rating B- — —
Implied credit spread (bps) 900 175
93rd		 200

Efficiency

MeasureBAIndustry medianIndustry percentileSector median
Asset turnover 0.59 0.62
49th		 0.75
Fixed asset turnover 5.76 5.00
57th		 5.14
Inventory turnover 1.0 3.6
0th		 5.0
Receivables turnover 28.0 6.6
100th		 6.7
Days sales outstanding 13 days 56 days
2nd		 54 days
Days inventory outstanding 359 days 103 days
100th		 72 days
Days payables outstanding 52 days 39 days
71st		 41 days
Cash conversion cycle (days) 320 days 104 days
98th		 63 days
Capex / revenue 4.1% 3.6%
58th		 3.0%
Capex / depreciation 1.75 1.14
72nd		 0.76
Operating expense ratio 9.5% 16.0%
23rd		 17.7%

Cash flow & earnings quality

MeasureBAIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.49 1.31
64th		 1.50
FCF / net income −0.09 0.87
13th		 1.15
FCF / operating cash flow -5.8% 72.4%
3rd		 74.0%
Capex / operating cash flow 105.8% 27.6%
97th		 26.1%
Accruals ratio -0.8% -2.8%
64th		 -4.0%
Sloan accruals ratio -6.9% -0.3%
18th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
49th		 1.00

Dividends & buybacks

MeasureBAIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.6%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.44
Payout ratio (dividends / net income) 14.2% 13.6%
51st		 22.5%
Dividends / FCF —
Dividend growth (YoY) 108.8% 8.9%
100th		 5.6%
Buyback yield 0.0% 0.0%
51st		 0.5%
Shareholder yield (dividends + buybacks) 0.3% 0.7%
43rd		 2.0%
Share count change (YoY) 4.6% 0.9%
65th		 0.0%
Buybacks, last 5 years $0 $14.0M
0th		 $76.0M

Scores & forensic checks

MeasureBAIndustry medianIndustry percentileSector median
IS score 43 55
33rd		 53
IS profitability 25 31
42nd		 37
IS growth 97 70
100th		 54
IS value 32 43
15th		 47
IS momentum 100 80
96th		 76
IS risk (safety) 30 100
7th		 80
IS quality 45 65
27th		 67
IS balance sheet 34 58
18th		 56
IS earnings quality 84 67
100th		 70
IS cash flow 35 44
40th		 54
Piotroski F-score (0-9) 6 6
31st		 6
Altman Z-score 1.6 4.8
9th		 3.3
Beneish M-score −2.16 −2.40
72nd		 −2.52
Ohlson O-score −6.69 −7.88
73rd		 −7.49
IS credit score 22 69
4th		 65

Per share

MeasureBAIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.08 $1.65
60th		 $2.21
Book value per share $7.71 $14.45
33rd		 $18.38
Tangible book per share −$16.40 $3.65
7th		 $4.39
Revenue per share $118.82 $29.92
82nd		 $36.64
FCF per share −$0.27 $1.44
29th		 $2.70
Operating cash flow per share $4.60 $2.14
64th		 $4.28
Cash per share $25.31 $2.93
98th		 $3.02

Size (TTM)

MeasureBAIndustry medianIndustry percentileSector median
Market cap $150.3B $6.0B
96th		 $3.9B
Revenue $94.0B $2.0B
100th		 $2.7B
EBITDA $7.5B $252.5M
95th		 $394.8M
Net income $2.4B $85.5M
91st		 $136.3M
Free cash flow −$210.0M $80.1M
16th		 $162.9M
Total assets $165.9B $4.1B
98th		 $3.5B
Shareholders' equity $6.1B $1.6B
87th		 $1.4B
Employees 182,000 4,020
100th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-28Parker Stephen Kenneth
EVP, Pres. & CEO, BDS
 Tax withholding 630$209.08$131,65340,600
2026-08-17Malave Jesus Jr
EVP and CFO
 Tax withholding 4,205$228.65$961,50536,016
2026-08-14Raymond David Christopher
EVP, Pres. & CEO, BGS
 Gift 907——41,450
2026-08-10Ortberg Robert Kelly
Director, President & CEO
 Tax withholding 6,233$234.09$1.5M129,695
2026-07-01Tilden Bradley D
Director
 Award / grant 383——1,236
2026-07-01Richardson John M
Director
 Award / grant 228——7,127
2026-07-01Mollenkopf Steven M
Director
 Award / grant 669——14,369
2026-07-01Joyce David Leon
Director
 Award / grant 440——10,044
2026-07-01Johri Akhil
Director
 Award / grant 406——11,725
2026-07-01Harris Stayce D.
Director
 Award / grant 383——9,063
2026-07-01Good Lynn J
Director
 Award / grant 406——17,379
2026-07-01Gitlin David L.
Director
 Award / grant 383——7,676

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired114,315—
GiftDisposed1907—
Open-market buyAcquired11,370$299,345
Tax withholdingDisposed311,067$2.6M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 30 trades (14 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-24Maria Elvira SalazarHouseSale$1,001 - $15,0002026-10-08
2026-08-13Kevin HernHouseSale$15,001 - $50,0002026-09-02
2026-08-13Kevin HernHouseSale$1,001 - $15,0002026-09-02
2026-08-13Kevin HernHouseSale (Full)$1,001 - $15,0002026-09-02
2021-06-08Bill HagertySenatePurchase$1,001 - $15,0002021-07-08
2021-06-08Bill HagertySenatePurchase$1,001 - $15,0002021-07-07
2021-06-08William Francis HagertySenatePurchase$1,001 - $15,0002021-07-07
2020-12-22Pat RobertsSenatePurchase$15,001 - $50,0002020-12-31
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.61,043,446$13.2B7.72%
FMR LLC58,951,274$12.8B7.46%
VANGUARD CAPITAL MANAGEMENT LLC51,463,432$11.1B6.51%
STATE STREET CORP38,047,990$8.2B4.81%
Capital World Investors30,665,928$6.6B3.88%
Newport Trust Company, LLC28,260,770$6.1B3.58%
GEODE CAPITAL MANAGEMENT, LLC17,976,472$3.9B2.27%
LOOMIS SAYLES & CO L P13,915,261$3.0B1.76%
VANGUARD PORTFOLIO MANAGEMENT LLC13,414,486$2.9B1.70%
BANK OF AMERICA CORP /DE/11,295,389$2.4B1.43%
PRICE T ROWE ASSOCIATES INC /MD/11,083,202$2.4B1.40%
JENNISON ASSOCIATES LLC9,522,431$2.1B1.20%
Capital Research Global Investors9,023,177$2.0B1.14%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/6,890,252$1.5B0.87%
MORGAN STANLEY6,430,134$1.4B0.81%

Institutional ownership by quarter

2023-092026-0676.2%
% of shares held by 13F filers
2023-092026-062,639
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,63976.2%2601,072853116
2026-03-312,53174.1%2261,141740191
2025-12-312,54672.3%3791,075735156
2025-09-302,38370.1%2201,048710131
2025-06-302,33170.8%342905772111
2025-03-312,13170.2%168855798187
2024-12-312,19171.2%428822708161
2024-09-301,96551.7%145606924238
2024-06-302,08452.1%120734924212
2024-03-312,20549.8%1507661,013400
2023-12-312,49350.0%446821883119
2023-09-302,20247.6%154838826153

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.20%$4.7B
VTSAX0.20%$4.7B
VSMPX0.20%$4.7B
VTI0.20%$4.7B
VFINX0.22%$3.9B
VFIAX0.22%$3.9B

Share structure

Shares outstanding790,370,000
Float789,160,754
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$62.3B$66.6B$77.8B$66.5B$89.5B
Cost of revenue$55.8B$63.1B$70.1B$68.5B$85.2B
Gross profit$6.5B$3.5B$7.7B−$2.0B$4.3B
R&D$2.2B$2.9B$3.4B$3.8B$3.6B
SG&A$4.2B$4.2B$5.1B$5.0B$6.1B
Operating income$63.0M−$3.6B−$813.0M−$10.8B−$5.4B
EBITDA−$207.0M−$510.0M$2.3B−$7.6B$7.4B
Pretax income−$5.0B−$5.0B−$2.0B−$12.2B$2.6B
Income tax−$743.0M$31.0M$237.0M−$381.0M$397.0M
Net income−$4.2B−$4.9B−$2.2B−$11.8B$2.2B
EPS, diluted$-7.15$-8.29$-3.67$-18.36$2.48
Diluted shares588.0M595.2M606.1M646.9M762.3M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$16.2B$17.2B$16.0B$26.3B$29.4B
Receivables$11.4B$11.3B$11.1B$11.2B$12.1B
Inventory$78.8B$78.2B$79.7B$87.5B$84.7B
Total current assets$108.7B$109.5B$109.3B$128.0B$128.5B
PP&E, net$10.9B$10.6B$11.5B$11.7B$15.6B
Goodwill & intangibles$10.6B$10.4B$10.2B$10.0B$18.8B
Total assets$138.6B$137.1B$137.0B$156.4B$168.2B
Accounts payable$9.3B$10.2B$12.0B$11.4B$13.1B
Total current liabilities$82.0B$90.1B$95.8B$97.1B$108.1B
Long-term debt$56.7B$51.7B$46.9B$52.4B$45.5B
Total liabilities$153.4B$152.9B$154.2B$160.3B$162.8B
Shareholders' equity−$14.8B−$15.8B−$17.2B−$3.9B$5.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income−$4.2B−$4.9B−$2.2B−$11.8B$1.9B
Depreciation & amortization$2.1B$2.0B$1.9B$1.8B$2.0B
Stock-based compensation$2.1B$1.9B$690.0M$407.0M$426.0M
Change in working capital−$7.0B$4.1B$4.1B−$8.8B−$1.0B
Operating cash flow−$3.4B$3.5B$6.0B−$12.1B$1.1B
Capital expenditure−$980.0M−$1.2B−$1.5B−$2.3B−$2.9B
Free cash flow−$4.4B$2.3B$4.4B−$14.4B−$1.9B
Investing cash flow$9.3B$4.4B−$2.4B−$12.0B$499.0M
Net debt issued / repaid−$5.6B−$1.3B−$5.1B$1.5B−$3.5B
Buybacks$0$0$0$0$0
Dividends paid$0$0$0$0−$331.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin10.4%5.2%9.9%-2.9%4.8%
Operating margin0.1%-5.3%-1.0%-16.2%-6.0%
Net margin-6.7%-7.4%-2.9%-17.8%2.5%
FCF margin-7.1%3.4%5.7%-21.6%-2.1%
ROE25.2%32.0%13.4%111.8%289.1%
ROIC0.2%-11.6%-3.3%-35.5%-15.0%
ROA-2.9%-3.6%-1.6%-8.1%1.4%
Debt / equity-3.89-3.61-3.05-13.879.98
Interest coveragen/mn/m0.2xn/m2.0x
Current ratio1.331.221.141.321.19
Revenue growth+7.1%+6.9%+16.8%−14.5%+34.5%
EPS growth+65.5%−15.8%+55.8%−351.4%+117.1%
P/E at year endn/mn/mn/mn/m77.2x
EV / EBITDA at year endn/mn/m84.5xn/m26.9x
FCF yield at year end-3.70%2.01%2.79%-11.33%-1.09%
Dividend payout————14.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Commercial Airplanes————$41.5B
Commercial Airplanes Segment$19.5B$25.9B$33.9B$22.9B$41.5B
Defense, Space & Security————$27.2B
Boeing Defense Space Security Segment$26.5B$23.2B$24.9B$23.9B—
Global Services$16.3B$17.6B$19.1B$20.0B$20.9B
Boeing Capital Corporation$272.0M$199.0M———

Revenue by region · FY2025

UNITED STATES$48.1B · 37%
Non-US$41.4B · 32%
Asia Other Than China$16.5B · 13%
Europe$11.4B · 9%
Middle East$7.0B · 5%
CANADA$1.8B · 1%
Africa$1.6B · 1%
Latin America$1.5B · 1%

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $-0.24 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$97.5B$95.4B – $99.3B$-1.08$-1.70 – $-0.1416n/m
2027$112.0B$107.8B – $114.6B$3.61$1.55 – $4.351552.8x
2028$123.2B$114.6B – $133.4B$7.71$5.19 – $10.681224.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$-0.34$-0.76−123.5%$24.3B$24.6B+1.2%
2026-04-22$-0.68$-0.20+70.8%$21.9B$22.2B+1.7%
2026-01-27$-0.44$9.92+2,362.3%$22.6B$23.9B+6.0%
2025-10-29$-5.16$-7.47−44.8%$22.1B$23.3B+5.5%
2025-07-29$-1.40$-1.24+11.4%$22.2B$22.7B+2.7%
2025-04-23$-1.17$-0.49+58.1%$19.4B$19.5B+0.7%
2025-01-28$-1.60$-5.90−268.8%$15.7B$15.2B−3.0%
2024-10-23$-10.35$-10.44−0.9%$17.8B$17.8B+0.1%
2024-07-31$-1.95$-2.90−48.7%$17.3B$16.9B−2.7%
2024-04-24$-1.63$-1.13+30.7%$16.2B$16.6B+2.0%
2024-01-31$-0.72$-0.47+34.7%$21.1B$22.0B+4.3%
2023-10-25$-3.21$-3.26−1.6%$17.0B$18.1B+6.3%
2023-07-26$-0.99$-0.82+17.2%$16.6B$19.8B+19.1%
2023-04-26$-0.98$-1.27−29.6%$17.6B$17.9B+2.0%
2023-01-25$0.05$-1.75−3,600.0%$20.3B$20.0B−1.7%
2022-10-26$-0.07$-6.18−8,856.5%$17.9B$16.0B−10.9%
2022-07-27$-0.08$-0.37−362.5%$17.6B$16.7B−5.1%
2022-04-27$-0.26$-2.75−957.7%$16.0B$14.0B−12.7%
2022-01-26$-0.09$-7.69−8,444.4%$16.5B$14.8B−10.6%
2021-10-27$-0.17$-0.60−252.9%$18.6B$15.3B−17.8%
2021-07-28$-0.65$0.40+161.5%$19.5B$17.0B−12.8%
2021-04-28$-1.17$-1.53−30.8%$16.0B$15.2B−4.8%
2021-01-27$-1.78$-15.25−756.7%$12.4B$15.3B+23.3%
2020-10-28$-2.33$-1.39+40.3%$25.6B$14.1B−44.8%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.106-151.006-221.006-291.107-060.907-131.407-201.907-272.008-030.808-101.708-171.108-241.108-31
Week ofNotionalSharesTrades
2026-08-31$1.1B5,505,592107,157
2026-08-24$1.1B5,391,730106,975
2026-08-17$1.7B7,550,347116,317
2026-08-10$758.5M3,265,62588,486
2026-08-03$2.0B8,419,526146,085
2026-07-27$1.9B8,785,817154,145

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1535.9%
DateShort shareShort volumeTotal volume
2026-10-1535.9%886,1712,465,528
2026-10-1441.2%1,042,1552,531,850
2026-10-1340.1%1,046,3132,609,372
2026-10-1243.2%725,0641,676,557
2026-10-0939.8%1,020,5602,562,462
2026-10-0850.0%1,570,1663,137,600
2026-10-0747.5%1,309,7852,759,333
2026-10-0651.5%1,931,4553,752,360
2026-10-0546.3%1,314,4472,836,652
2026-10-0251.2%3,178,9696,212,888
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan+0.0Feb-1.1Mar+1.6Apr+1.1May-0.3Jun+2.2Jul-0.5Aug-0.3Sep-0.4Oct+5.1Nov+2.7Dec
MonthAvg returnUp yearsYears
Jan+0.8%50%20
Feb+0.0%55%20
Mar−1.1%48%21
Apr+1.6%65%20
May+1.1%55%20
Jun−0.3%40%20
Jul+2.2%65%20
Aug−0.5%35%20
Sep−0.3%60%20
Oct−0.4%45%20
Nov+5.1%65%20
Dec+2.7%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1443.3
MFI62.4
ADX30.0
Stochastic %K / %D31.9 / 22.8
Williams %R-50.9
CCI-26
TSI / signal-23.4 / -25.4
Chaikin money flow-0.12
ATR$5.08
Bollinger width10.3%
Volume vs 20-day avg0.77x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$191.30 (−0.6%)
SMA 50$205.36 (−7.4%)
SMA 200$219.50 (−13.3%)
EMA 21$192.66 (−1.3%)
EMA 50$201.30 (−5.5%)
EMA 200$212.38 (−10.4%)
Bollinger upper$201.19 (−5.5%)
Bollinger lower$181.42 (+4.8%)
Parabolic SAR$194.96 (−2.4%)
Open the live chart, 110+ indicators

About The Boeing Company

The Boeing Company is a global aerospace powerhouse specializing in the design, development, manufacture, sale, and comprehensive support of commercial airliners, military aircraft, satellites, missile defense systems, human space flight, and launch technologies, along with related services across the globe. Its operations are organized into four key segments. The Commercial Airplanes division delivers commercial jet aircraft for passenger and cargo transport, alongside essential fleet support services. The Defense, Space & Security segment concentrates on the research, development, production, and modification of manned and unmanned military aircraft, advanced weapons systems, strategic defense and intelligence solutions (including missile defense, command, control, communications, computers, intelligence, surveillance, and reconnaissance, cyber, and information solutions), and satellite systems for both governmental and commercial use, encompassing space exploration. The Global Services segment provides a vast array of support, such as supply chain and logistics management, engineering, maintenance, upgrades, spare parts, pilot and maintenance training, technical documentation, and data analytics for its commercial and defense clientele. Lastly, the Boeing Capital segment offers financing services, overseeing a portfolio of equipment under various lease and financing structures. Founded in 1916, the company is headquartered in Chicago, Illinois.

https://www.boeing.com

Key executives

NameTitlePayBorn
Jesus Malave Jr.Executive VP & CFO$10.7M1969
Robert K. OrtbergPresident, Chief Executive Officer & Director$6.1M1960
Stephanie F. PopeExecutive VP & President and CEO of Boeing Commercial Airplanes$4.2M1973
Brett C. GerryChief Legal Officer & Executive Vice President of Global Compliance$2.4M1972
Jeffrey ShockeyExecutive Vice President of Government Operations, Global Public Policy & Corporate Strategy$1.5M—
Brad McMullenSenior Vice President of Commercial Sales & Marketing——
Eric HillVice President of Investor Relations——
Howard E. McKenzieChief Engineer and Executive Vice President of Engineering, Test & Technology—1968

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Robert K. Ortberg President and Chief Executive Officer2025$1.5M$7.9M$3.9M$23.6M
Jesus Malave, Jr. Chief Financial Officer2025$399,808$5.0M$1.7M$20.2M
Stephanie F. Pope President and Chief Executive Officer, Commercial Airplanes2025$1.2M$4.5M$2.6M$14.4M
Brian J. West Former Chief Financial Officer2025$1.0M$2.7M$1.5M$8.7M
Brett C. Gerry Chief Legal Officer2025$955,154$2.0M$1.3M$7.0M
Jeffrey S. Shockey Executive Vice President of Government Operations, Global Public Policy and Corporate Strategy2025$651,846$3.6M$763,475$6.5M

Employees

153k2018161k2019141k2020142k2021156k2022171k2023172k2024182k2025

Dividends

Ex-dateAmountPaid
2020-02-13$2.0552020-03-06
2019-11-07$2.0552019-12-06
2019-08-08$2.0552019-09-06
2019-05-09$2.0552019-06-07
2019-02-07$2.0552019-03-01
2018-11-08$1.712018-12-07
2018-08-09$1.712018-09-07
2018-05-10$1.712018-06-01

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage49
Intangibles34
Switching costs30
Network effect55
Efficient scale65
Our component scores (0-100) and overall 43.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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