NYSE : BA
The Boeing Company — Financial statements
Industrials · Aerospace & Defense · United States
Last price 171.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 135.94B
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Financial statements
The Boeing Company (BA) reported revenue of 94.91B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 94.91B | 89.46B | 66.52B | 77.79B | 66.61B | 62.29B |
| Cost of Revenue | 85.94B | 85.14B | 68.25B | 69.06B | 61.33B | 56.88B |
| Gross Profit | 8.97B | 4.32B | -1.74B | 8.74B | 5.28B | 5.40B |
| Selling, General & Admin | 5.63B | 5.89B | 4.47B | 4.58B | 3.25B | 3.63B |
| Research & Development | 3.62B | 3.62B | 3.81B | 3.38B | 2.85B | 2.25B |
| Operating Expenses | 9.25B | 9.51B | 8.28B | 7.96B | 6.10B | 5.88B |
| Operating Income | -277.00M | -5.19B | -10.02B | 780.00M | -817.00M | -473.00M |
| Interest Expense | -2.45B | -2.77B | -2.73B | -2.46B | -2.56B | -2.71B |
| Interest & Investment Income | 212.00M | 25.00M | 71.00M | 46.00M | 210.00M | |
| Other Non Operating Income (Expenses) | 712.00M | 930.00M | 673.00M | 640.00M | 119.00M | 22.00M |
| EBT Excluding Unusual Items | -1.80B | -7.01B | -12.00B | -993.00M | -3.26B | -2.96B |
| Gain (Loss) on Sale of Investments | -16.00M | |||||
| Gain (Loss) on Sale of Assets | 9.69B | 9.67B | 46.00M | 2.00M | 6.00M | 277.00M |
| Other Unusual Items | -30.00M | -30.00M | -256.00M | -1.01B | -1.75B | -2.35B |
| Pretax Income | 7.86B | 2.63B | -12.21B | -2.00B | -5.02B | -5.03B |
| Income Tax Expense | 188.00M | 397.00M | -381.00M | 237.00M | 31.00M | -743.00M |
| Earnings From Continuing Operations | 7.67B | 2.24B | -11.83B | -2.24B | -5.05B | -4.29B |
| Minority Interest in Earnings | -13.00M | -3.00M | 12.00M | 20.00M | 118.00M | 88.00M |
| Net Income | 7.66B | 2.23B | -11.82B | -2.22B | -4.93B | -4.20B |
| Preferred Dividends & Other Adjustments | 346.00M | 346.00M | 58.00M | |||
| Net Income to Common | 7.31B | 1.89B | -11.88B | -2.22B | -4.93B | -4.20B |
| Shares Outstanding (Basic) | 785.08M | 759.80M | 646.90M | 605.80M | 594.90M | 587.60M |
| Shares Outstanding (Diluted) | 787.58M | 762.30M | 646.90M | 605.80M | 594.90M | 587.60M |
| EPS (Basic) | 9.31 | 2.49 | -18.36 | -3.67 | -8.30 | -7.15 |
| EPS (Diluted) | 9.28 | 2.48 | -18.36 | -3.67 | -8.30 | -7.15 |
| Free Cash Flow | 16.00M | -1.88B | -14.31B | 4.43B | 2.29B | -4.40B |
| Free Cash Flow Per Share | 0.02 | -2.46 | -22.12 | 7.32 | 3.85 | -7.48 |
| Gross Margin | 9.45% | 4.83% | -2.61% | 11.23% | 7.93% | 8.68% |
| Operating Margin | -0.29% | -5.80% | -15.06% | 1.00% | -1.23% | -0.76% |
| Profit Margin | 7.70% | 2.11% | -17.85% | -2.86% | -7.41% | -6.75% |
| Free Cash Flow Margin | 0.02% | -2.10% | -21.51% | 5.70% | 3.44% | -7.06% |
| EBITDA | 2.01B | -3.24B | -8.18B | 2.64B | 1.16B | 1.67B |
| EBITDA Margin | 2.12% | -3.62% | -12.30% | 3.40% | 1.74% | 2.68% |
| D&A For EBITDA | 2.29B | 1.95B | 1.84B | 1.86B | 1.98B | 2.14B |
| EBIT | -277.00M | -5.19B | -10.02B | 780.00M | -817.00M | -473.00M |
| EBIT Margin | -0.29% | -5.80% | -15.06% | 1.00% | -1.23% | -0.76% |
| Effective Tax Rate | 2.39% | 15.07% | ||||
| Revenue as Reported | 94.91B | 89.46B | 66.52B | 77.79B | 66.61B | 62.29B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.50B | 10.92B | 13.80B | 12.69B | 14.61B | 8.05B |
| Short-Term Investments | 11.17B | 17.74B | 12.46B | 3.25B | 2.57B | 8.14B |
| Cash & Short-Term Investments | 20.67B | 28.66B | 26.26B | 15.94B | 17.19B | 16.19B |
| Accounts Receivable | 14.25B | 12.08B | 10.99B | 10.97B | 11.15B | 11.26B |
| Other Receivables | 26.00M | 30.00M | 26.00M | 20.00M | ||
| Receivables | 14.25B | 12.11B | 11.02B | 10.99B | 11.17B | 11.26B |
| Inventory | 90.95B | 84.68B | 87.55B | 79.74B | 78.15B | 78.82B |
| Finance Div. Loans and Leases | 207.00M | 99.00M | 154.00M | 117.00M | ||
| Restricted Cash | 43.00M | 742.00M | 21.00M | 22.00M | 33.00M | 52.00M |
| Other Current Assets | 3.36B | 2.27B | 2.94B | 2.48B | 2.83B | 2.22B |
| Total Current Assets | 129.27B | 128.46B | 128.00B | 109.28B | 109.52B | 108.67B |
| Property, Plant & Equipment | 17.02B | 17.48B | 13.40B | 12.35B | 12.00B | 12.36B |
| Long-Term Investments | 970.00M | 1.05B | 999.00M | 1.03B | 983.00M | 975.00M |
| Goodwill | 17.78B | 17.27B | 8.08B | 8.09B | 8.06B | 8.07B |
| Other Intangible Assets | 1.28B | 1.57B | 1.96B | 2.09B | 2.31B | 2.56B |
| Finance Div. Loans and Leases Long-Term | 241.00M | 314.00M | 860.00M | 1.45B | 1.70B | |
| Long-Term Deferred Tax Assets | 193.00M | 107.00M | 185.00M | 59.00M | 63.00M | 77.00M |
| Other Long-Term Assets | 4.23B | 2.05B | 3.43B | 3.25B | 2.71B | 4.15B |
| Total Assets | 170.74B | 168.24B | 156.36B | 137.01B | 137.10B | 138.55B |
| Accounts Payable | 15.29B | 13.11B | 11.36B | 11.96B | 10.20B | 9.26B |
| Accrued Expenses | 26.39B | 14.15B | 11.82B | 12.26B | 12.00B | 11.09B |
| Current Portion of Long-Term Debt | 4.57B | 8.35B | 1.19B | 5.13B | 5.12B | 935.00M |
| Current Portion of Leases | 446.00M | 410.00M | 373.00M | 341.00M | 329.00M | |
| Finance Div. Debt Current | 300.00M | |||||
| Current Unearned Revenue | 67.50B | 59.40B | 60.33B | 56.33B | 53.08B | 52.98B |
| Other Current Liabilities | 213.00M | 12.65B | 11.96B | 9.77B | 9.30B | 7.09B |
| Total Current Liabilities | 113.96B | 108.11B | 97.08B | 95.83B | 90.05B | 81.99B |
| Long-Term Debt | 41.04B | 45.50B | 52.43B | 46.93B | 51.67B | 55.49B |
| Finance Div. Debt Long-Term | 1.20B | |||||
| Long-Term Leases | 2.86B | 2.07B | 1.92B | 1.69B | 1.45B | 1.39B |
| Pension & Post-Retirement Benefits | 6.01B | 6.38B | 8.17B | 8.75B | 8.64B | 12.63B |
| Long-Term Deferred Tax Liabilities | 310.00M | 216.00M | 122.00M | 229.00M | 230.00M | 218.00M |
| Other Long-Term Liabilities | 500.00M | 548.00M | 814.00M | 906.00M | 479.00M | |
| Total Liabilities | 164.18B | 162.78B | 160.28B | 154.24B | 152.95B | 153.40B |
| Common Stock | 5.06B | 5.06B | 5.06B | 5.06B | 5.06B | 5.06B |
| Additional Paid-In Capital | 22.22B | 21.44B | 18.96B | 10.31B | 9.95B | 9.05B |
| Retained Earnings | 16.43B | 17.25B | 15.36B | 27.25B | 29.47B | 34.41B |
| Treasury Stock | -27.16B | -28.03B | -32.39B | -49.55B | -50.81B | -51.86B |
| Comprehensive Income & Other | -10.01B | -10.28B | -10.91B | -10.30B | -9.55B | -11.66B |
| Total Common Equity | 6.54B | 5.45B | -3.91B | -17.23B | -15.88B | -15.00B |
| Minority Interest | 15.00M | 3.00M | -6.00M | 5.00M | 35.00M | 153.00M |
| Shareholders' Equity | 6.56B | 5.46B | -3.91B | -17.23B | -15.85B | -14.85B |
| Total Liabilities & Equity | 170.74B | 168.24B | 156.36B | 137.01B | 137.10B | 138.55B |
| Total Debt | 48.46B | 56.37B | 55.96B | 54.12B | 58.58B | 59.64B |
| Net Cash (Debt) | -27.79B | -27.71B | -29.70B | -38.18B | -41.40B | -43.45B |
| Net Cash Per Share | -35.29 | -36.35 | -45.91 | -63.02 | -69.58 | -73.94 |
| Filing Date Shares Outstanding | 792.45M | 785.35M | 750.07M | 610.14M | 598.24M | 583.00M |
| Total Common Shares Outstanding | 791.90M | 784.70M | 749.22M | 609.52M | 597.59M | 588.92M |
| Working Capital | 15.31B | 20.34B | 30.92B | 13.45B | 19.47B | 26.67B |
| Book Value Per Share | 8.26 | 6.94 | -5.22 | -28.27 | -26.58 | -25.47 |
| Tangible Book Value | -12.52B | -13.39B | -13.96B | -27.42B | -26.25B | -25.63B |
| Tangible Book Value Per Share | -15.81 | -17.07 | -18.63 | -44.99 | -43.93 | -43.52 |
| Land | 443.00M | 353.00M | 377.00M | 376.00M | 377.00M | |
| Buildings | 16.57B | 14.98B | 14.79B | 14.40B | 14.15B | |
| Machinery | 18.34B | 16.66B | 16.05B | 15.84B | 15.69B | |
| Construction In Progress | 3.63B | 2.34B | 1.68B | 1.37B | 1.24B | |
| Order Backlog | 682.21B | 521.34B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.66B | 2.23B | -11.82B | -2.22B | -4.93B | -4.20B |
| Depreciation & Amortization | 2.29B | 1.95B | 1.84B | 1.86B | 1.98B | 2.14B |
| Loss (Gain) From Sale of Assets | -9.69B | -9.67B | -46.00M | -2.00M | -6.00M | -277.00M |
| Asset Writedown & Restructuring Costs | 4.00M | 4.00M | 80.00M | |||
| Loss (Gain) From Sale of Investments | 131.00M | 41.00M | 32.00M | 46.00M | 112.00M | 98.00M |
| Stock-Based Compensation | 2.08B | 1.96B | 2.01B | 2.21B | 1.94B | 2.07B |
| Other Operating Activities | 288.00M | 5.55B | 4.59B | -17.00M | 283.00M | 3.73B |
| Change in Accounts Receivable | -1.43B | -772.00M | -97.00M | 193.00M | 148.00M | -1.30B |
| Change in Inventory | -8.12B | -1.50B | -12.35B | -1.68B | 420.00M | -1.13B |
| Change in Accounts Payable | 2.62B | 724.00M | -793.00M | 1.67B | 838.00M | -3.78B |
| Change in Unearned Revenue | 9.46B | -723.00M | 4.07B | 3.37B | 108.00M | 2.50B |
| Change in Income Taxes | -54.00M | 115.00M | -567.00M | 44.00M | 1.35B | 733.00M |
| Change in Other Net Operating Assets | -1.22B | 1.16B | 973.00M | 496.00M | 1.28B | -4.01B |
| Operating Cash Flow | 4.01B | 1.06B | -12.08B | 5.96B | 3.51B | -3.42B |
| Capital Expenditures | -4.00B | -2.94B | -2.23B | -1.53B | -1.22B | -980.00M |
| Sale of Property, Plant & Equipment | 98.00M | 117.00M | 173.00M | 27.00M | 35.00M | 529.00M |
| Cash Acquisitions | -1.25B | -1.25B | -50.00M | -70.00M | -6.00M | |
| Divestitures | 10.55B | 10.55B | ||||
| Sale (Purchase) of Intangibles | -9.00M | -9.00M | -88.00M | |||
| Investment in Securities | 5.22B | -5.31B | -9.11B | -709.00M | 5.57B | 9.78B |
| Other Investing Activities | -365.00M | -659.00M | -665.00M | -158.00M | -11.00M | 5.00M |
| Investing Cash Flow | 10.25B | 499.00M | -11.97B | -2.44B | 4.37B | 9.32B |
| Long-Term Debt Issued | 165.00M | 10.16B | 75.00M | 34.00M | 9.79B | |
| Long-Term Debt Repaid | -3.62B | -8.67B | -5.22B | -1.31B | -15.37B | |
| Net Debt Issued (Repaid) | -11.24B | -3.46B | 1.49B | -5.14B | -1.28B | -5.58B |
| Issuance of Common Stock | 18.20B | 45.00M | 50.00M | 42.00M | ||
| Repurchase of Common Stock | -44.00M | -34.00M | -83.00M | -408.00M | -40.00M | -66.00M |
| Preferred Dividends Paid | -346.00M | -331.00M | ||||
| Dividends Paid | -346.00M | -331.00M | ||||
| Other Financing Activities | 61.00M | 58.00M | -53.00M | 17.00M | ||
| Financing Cash Flow | -11.57B | -3.76B | 25.21B | -5.49B | -1.27B | -5.60B |
| Foreign Exchange Rate Adjustments | 6.00M | 40.00M | -47.00M | 30.00M | -73.00M | -39.00M |
| Net Cash Flow | 2.66B | -2.16B | 1.11B | -1.93B | 6.54B | 269.00M |
| Free Cash Flow | 16.00M | -1.88B | -14.31B | 4.43B | 2.29B | -4.40B |
| Free Cash Flow Margin | 0.02% | -2.10% | -21.51% | 5.70% | 3.44% | -7.06% |
| Free Cash Flow Per Share | 0.02 | -2.46 | -22.12 | 7.32 | 3.85 | -7.48 |
| Levered Free Cash Flow | 4.72B | 1.76B | -9.69B | 6.24B | 4.58B | -584.88M |
| Unlevered Free Cash Flow | 6.25B | 3.49B | -7.99B | 7.78B | 6.18B | 1.11B |
| Cash Interest Paid | 2.63B | 2.63B | 2.44B | 2.41B | 2.57B | 2.58B |
| Cash Income Tax Paid | 275.00M | 275.00M | 187.00M | 204.00M | -1.32B | -1.48B |
| Change in Working Capital | 1.26B | -1.00B | -8.77B | 4.09B | 4.14B | -6.98B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 139.00B | 165.03B | 132.43B | 157.69B | 113.53B | 118.32B |
| Enterprise Value | 166.79B | 198.46B | 179.62B | 196.63B | 156.59B | 160.97B |
| Last Close Price | 175.40 | 217.12 | 177.00 | 260.66 | 190.49 | 201.32 |
| PE Ratio | 18.89 | 87.36 | ||||
| Forward PE | 242.03 | 277.90 | 212.87 | 188.05 | 84.23 | 61.62 |
| PS Ratio | 1.46 | 1.84 | 1.99 | 2.03 | 1.70 | 1.90 |
| PB Ratio | 21.24 | 30.24 | -33.83 | -9.15 | -7.16 | -7.97 |
| P/FCF Ratio | 8,687.23 | 35.57 | 49.58 | |||
| P/OCF Ratio | 34.64 | 154.96 | 26.46 | 32.33 | ||
| PEG Ratio | 2.62 | 9.26 | 12.70 | 12.70 | 12.70 | 12.70 |
| EV/Sales Ratio | 1.76 | 2.22 | 2.70 | 2.53 | 2.35 | 2.58 |
| EV/EBITDA Ratio | 82.90 | 74.45 | 134.76 | 96.33 | ||
| EV/EBIT Ratio | 252.09 | |||||
| EV/FCF Ratio | 10,424.17 | 44.35 | 68.38 | |||
| Debt / Equity Ratio | 7.38 | 10.33 | -14.30 | -3.14 | -3.70 | -4.02 |
| Debt / EBITDA Ratio | 18.18 | 17.47 | 37.01 | 29.08 | ||
| Debt / FCF Ratio | 3,028.88 | 12.21 | 25.58 | |||
| Net Debt / Equity Ratio | 4.24 | 5.08 | -7.59 | -2.22 | -2.61 | -2.93 |
| Net Debt / EBITDA Ratio | 13.81 | -8.56 | -3.63 | 14.46 | 35.62 | 26.00 |
| Net Debt / FCF Ratio | 1,736.94 | -14.76 | -2.08 | 8.61 | 18.08 | -9.88 |
| Asset Turnover | 0.59 | 0.55 | 0.45 | 0.57 | 0.48 | 0.43 |
| Inventory Turnover | 0.99 | 0.99 | 0.82 | 0.88 | 0.78 | 0.71 |
| Quick Ratio | 0.31 | 0.38 | 0.39 | 0.28 | 0.32 | 0.34 |
| Current Ratio | 1.13 | 1.19 | 1.32 | 1.14 | 1.22 | 1.32 |
| Return on Equity (ROE) | 290.08% | |||||
| Return on Assets (ROA) | -0.11% | -2.00% | -4.27% | 0.36% | -0.37% | -0.20% |
| Return on Invested Capital (ROIC) | -0.78% | -9.54% | -19.94% | 1.77% | -1.58% | -0.78% |
| Return on Capital Employed (ROCE) | -0.50% | -8.60% | -16.90% | 1.90% | -1.70% | -0.80% |
| Earnings Yield | 5.29% | 1.35% | -8.92% | -1.41% | -4.35% | -3.55% |
| FCF Yield | 0.01% | -1.14% | -10.81% | 2.81% | 2.02% | -3.72% |
| Payout Ratio | 14.81% | |||||
| Buyback Yield / Dilution | -4.65% | -17.84% | -6.78% | -1.83% | -1.24% | -3.27% |
| Total Shareholder Return | -4.65% | -17.84% | -6.78% | -1.83% | -1.24% | -3.27% |