Boeing (BA)
Market Price (3/31/2026): $188.74 | Market Cap: $145.0 BilSector: Industrials | Industry: Aerospace & Defense
Boeing (BA)
Market Price (3/31/2026): $188.74Market Cap: $145.0 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34% | Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -65% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1% |
| Low stock price volatilityVol 12M is 37% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 137x, P/EPrice/Earnings or Price/(Net Income) is 65x | |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Automation & Robotics, and Hydrogen Economy. Themes include Commercial Space Exploration, Show more. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.1% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% | ||
| Key risksBA key risks include [1] persistent quality control failures triggering intense regulatory scrutiny and production caps, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Automation & Robotics, and Hydrogen Economy. Themes include Commercial Space Exploration, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -65% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 137x, P/EPrice/Earnings or Price/(Net Income) is 65x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksBA key risks include [1] persistent quality control failures triggering intense regulatory scrutiny and production caps, Show more. |
Qualitative Assessment
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Boeing (BA) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. Significant Commercial Aircraft Orders and Deliveries.
Boeing reported a substantial increase in commercial airplane deliveries, with 160 aircraft delivered in Q4 2025 and a total of 600 for the full year 2025, marking the highest annual totals since 2018. This was complemented by robust new orders, including Delta Air Lines' firm order for 30 787-10 Dreamliners and Aviation Capital Group's 50-aircraft order for 737 MAX variants. Boeing's total commercial gross orders for 2025 surged approximately 107% year-over-year to 1,175, surpassing competitor Airbus.
2. Strategic Acquisition of Spirit AeroSystems.
In December 2025, Boeing completed the acquisition of Spirit AeroSystems, a critical supplier. This move was aimed at enhancing production stability, improving quality control, and streamlining its supply chain, signaling a proactive approach to operational challenges and reinforcing long-term strategic positioning.
Show more
1. Significant Commercial Aircraft Orders and Deliveries.
Boeing reported a substantial increase in commercial airplane deliveries, with 160 aircraft delivered in Q4 2025 and a total of 600 for the full year 2025, marking the highest annual totals since 2018. This was complemented by robust new orders, including Delta Air Lines' firm order for 30 787-10 Dreamliners and Aviation Capital Group's 50-aircraft order for 737 MAX variants. Boeing's total commercial gross orders for 2025 surged approximately 107% year-over-year to 1,175, surpassing competitor Airbus.
2. Strategic Acquisition of Spirit AeroSystems.
In December 2025, Boeing completed the acquisition of Spirit AeroSystems, a critical supplier. This move was aimed at enhancing production stability, improving quality control, and streamlining its supply chain, signaling a proactive approach to operational challenges and reinforcing long-term strategic positioning.
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Stock Movement Drivers
Fundamental Drivers
The 0.1% change in BA stock from 11/30/2025 to 3/30/2026 was primarily driven by a 10.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 189.00 | 189.21 | 0.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 80,757 | 89,463 | 10.8% |
| P/S Multiple | 1.8 | 1.6 | -8.6% |
| Shares Outstanding (Mil) | 760 | 768 | -1.1% |
| Cumulative Contribution | 0.1% |
Market Drivers
11/30/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| BA | 0.1% | |
| Market (SPY) | -5.3% | 24.6% |
| Sector (XLI) | 2.2% | 40.4% |
Fundamental Drivers
The -19.4% change in BA stock from 8/31/2025 to 3/30/2026 was primarily driven by a -31.0% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 234.68 | 189.21 | -19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 75,327 | 89,463 | 18.8% |
| P/S Multiple | 2.4 | 1.6 | -31.0% |
| Shares Outstanding (Mil) | 757 | 768 | -1.5% |
| Cumulative Contribution | -19.4% |
Market Drivers
8/31/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| BA | -19.4% | |
| Market (SPY) | 0.6% | 32.0% |
| Sector (XLI) | 3.8% | 41.8% |
Fundamental Drivers
The 8.3% change in BA stock from 2/28/2025 to 3/30/2026 was primarily driven by a 34.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 174.63 | 189.21 | 8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 66,517 | 89,463 | 34.5% |
| P/S Multiple | 1.9 | 1.6 | -16.3% |
| Shares Outstanding (Mil) | 739 | 768 | -3.8% |
| Cumulative Contribution | 8.3% |
Market Drivers
2/28/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| BA | 8.3% | |
| Market (SPY) | 9.8% | 60.7% |
| Sector (XLI) | 16.5% | 63.1% |
Fundamental Drivers
The -6.1% change in BA stock from 2/28/2023 to 3/30/2026 was primarily driven by a -22.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 201.55 | 189.21 | -6.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 66,608 | 89,463 | 34.3% |
| P/S Multiple | 1.8 | 1.6 | -10.1% |
| Shares Outstanding (Mil) | 598 | 768 | -22.2% |
| Cumulative Contribution | -6.1% |
Market Drivers
2/28/2023 to 3/30/2026| Return | Correlation | |
|---|---|---|
| BA | -6.1% | |
| Market (SPY) | 69.4% | 46.5% |
| Sector (XLI) | 62.4% | 51.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BA Return | -6% | -5% | 37% | -32% | 23% | -12% | -11% |
| Peers Return | 22% | 23% | 14% | 24% | 41% | 9% | 226% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -7% | 70% |
Monthly Win Rates [3] | |||||||
| BA Win Rate | 42% | 58% | 50% | 42% | 50% | 33% | |
| Peers Win Rate | 53% | 60% | 53% | 62% | 65% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BA Max Drawdown | -12% | -42% | -7% | -47% | -23% | -12% | |
| Peers Max Drawdown | -6% | -9% | -17% | -5% | -6% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RTX, LMT, NOC, GD, GE. See BA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/30/2026 (YTD)
How Low Can It Go
| Event | BA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.0% | -25.4% |
| % Gain to Breakeven | 132.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -72.7% | -33.9% |
| % Gain to Breakeven | 265.7% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -27.3% | -19.8% |
| % Gain to Breakeven | 37.5% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -72.6% | -56.8% |
| % Gain to Breakeven | 265.2% | 131.3% |
| Time to Breakeven | 1,598 days | 1,480 days |
Compare to RTX, LMT, NOC, GD, GE
In The Past
Boeing's stock fell -57.0% during the 2022 Inflation Shock from a high on 3/12/2021. A -57.0% loss requires a 132.3% gain to breakeven.
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About Boeing (BA)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company was incorporated in 1916 and is based in Chicago, Illinois.
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- Essentially, **Airbus** meets **Lockheed Martin**.
- **Tesla for airplanes and space technology.**
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- Commercial Jet Aircraft: Designs, manufactures, and sells commercial airplanes for passenger and cargo transport.
- Military Aircraft & Weapons Systems: Produces manned and unmanned military aircraft and various weapons systems.
- Defense & Intelligence Systems: Develops strategic missile defense, command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), and cyber solutions.
- Satellite & Space Systems: Provides government and commercial satellites and systems for space exploration.
- Global Services: Offers a broad range of support including supply chain management, maintenance, upgrades, spare parts, and training for both commercial and defense customers.
- Financing Services (Boeing Capital): Provides financing solutions, primarily for the acquisition and leasing of its aerospace products.
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Boeing (BA) primarily sells to other companies and governmental entities, not individuals. Its major customers can be categorized as follows:
-
Commercial Airlines and Cargo Operators: These companies purchase commercial jet aircraft (such as the 737, 747, 767, 777, and 787 families) and related services, including fleet support, maintenance, and spare parts. Major public company customers in this category include:
- American Airlines Group Inc. (AAL)
- Delta Air Lines, Inc. (DAL)
- United Airlines Holdings, Inc. (UAL)
- Southwest Airlines Co. (LUV)
- FedEx Corporation (FDX)
- United Parcel Service, Inc. (UPS)
-
National Governments and Defense Agencies: These entities are customers of Boeing's Defense, Space & Security segment and Global Services segment, purchasing military aircraft (manned and unmanned), weapons systems, strategic defense and intelligence systems, satellites, and related services, including modifications and maintenance. Examples include the U.S. Department of Defense, NASA, and various international militaries and space agencies.
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- Spirit AeroSystems Holdings, Inc. (SPR)
- General Electric Company (GE)
- Raytheon Technologies Corporation (RTX)
- Safran S.A. (SAF.PA)
- Honeywell International Inc. (HON)
- Rolls-Royce plc (RR.L)
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Kelly Ortberg, President and Chief Executive Officer
Kelly Ortberg became President and Chief Executive Officer of Boeing in August 2024, bringing over 35 years of aerospace experience to the company. He began his career in 1983 as an engineer at Texas Instruments. Ortberg spent over three decades at Rockwell Collins, Inc., starting as a program manager and eventually becoming its President and Chief Executive Officer in 2013, and Chairman from 2015 to 2018. Rockwell Collins was acquired by United Technologies (UTC) in 2018, and Ortberg then served as CEO of the newly formed Collins Aerospace company from December 2018 to February 2020. Following this, he was a special advisor to the office of the chief executive officer for RTX Corporation until March 2021. He also serves on the board of Aptiv PLC and the Aerospace Industries Association's Executive Committee.
Jesus "Jay" Malave, Executive Vice President and Chief Financial Officer
Jesus "Jay" Malave was appointed Executive Vice President and Chief Financial Officer of Boeing, effective August 15, 2025. Prior to joining Boeing, he served as the Chief Financial Officer of Lockheed Martin. Before that, he was the Senior Vice President and CFO at L3Harris Technologies. Malave also spent over two decades at United Technologies Corporation, holding key leadership roles including Vice President and CFO of Carrier Corporation (then part of UTC) and Vice President and CFO at UTC Aerospace Systems.
Stephanie Pope, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes
Stephanie Pope leads Boeing Commercial Airplanes, focusing on safety, quality, and customer commitments, and is a champion of talent development and gender diversity. She previously served as Chief Operating Officer of Boeing, overseeing critical operational functions such as supply chain, quality, manufacturing, and engineering.
Chris Raymond, Executive Vice President, President and Chief Executive Officer, Boeing Global Services
Chris Raymond heads Boeing Global Services, providing fleet sustainment, digital capabilities, and engineering services to commercial and government customers. With over 30 years of experience at Boeing, he previously served as the company's Chief Sustainability Officer since October 2020, and prior to that, was Vice President of Sustainability, Strategy and Corporate Development. His extensive career at Boeing includes diverse roles across engineering, supply chain, strategy, sales, and operations.
Stephen (Steve) Parker, Executive Vice President, President and Chief Executive Officer, Boeing Defense, Space & Security
Steve Parker was named Executive Vice President and President and Chief Executive Officer of Boeing Defense, Space & Security (BDS) in July 2025, having served as interim leader of the unit since September 2024. With over three decades of service at Boeing, Parker oversees the design, development, production, and delivery of technology, products, and solutions for defense, government, space, and intelligence customers worldwide. His previous roles include BDS Chief Operating Officer, Vice President and Program Manager for key programs such as the T-7A Advanced Pilot Training program, the F-15 Eagle, and the H-47 Chinook. He also served as Chief Operating Officer of Boeing Defence Australia and led the Bombers & Fighters and Vertical Lift divisions.
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The Boeing Company (BA) faces several key risks to its business operations and financial performance. The most significant risk stems from ongoing **manufacturing and quality control issues** across its aircraft programs. Boeing has experienced a series of production problems, including improperly drilled holes in aft pressure bulkheads, loose bolts in rudder control systems, and incidents like the door plug ejection on Alaska Airlines Flight 1282. Most recently, the company identified wiring damage on a number of undelivered 737 MAX jets, leading to temporary delivery halts and requiring extensive rework. These recurring quality deficiencies have resulted in production delays, increased regulatory scrutiny from the Federal Aviation Administration (FAA), and have impacted customer confidence. Secondly, **geopolitical risks and U.S.-China tensions** pose a considerable threat. Boeing's senior vice-president has highlighted geopolitics as the "biggest risk" for the aviation industry, with long-term conflicts potentially hitting demand. Specifically, U.S.-China trade relations, including existing tariffs, create challenges for Boeing's operations and aircraft deliveries within the critical Chinese market. Furthermore, the rise of Chinese domestic aircraft manufacturers like COMAC, backed by government funding, represents increasing competition and a potential loss of market share for Boeing in the region and globally. Finally, Boeing's **financial health and significant debt load** present a notable risk. The company has been described as having a mixed financial picture, with a substantial debt load and an Altman Z-Score indicating potential financial instability. While Boeing has a large order backlog, its profitability has faced challenges, and it has experienced periods of negative free cash flow, limiting its financial flexibility and ability to return capital to investors. These financial pressures are often exacerbated by the costs associated with addressing quality control issues and production delays.AI Analysis | Feedback
```htmlThe emergence of SpaceX as a dominant player in reusable launch systems and satellite internet constellations poses a significant threat to Boeing's traditional space and launch systems business within its Defense, Space & Security segment. SpaceX's innovative technologies and business model challenge the established aerospace industry's approach to space launch and satellite services.
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The addressable markets for Boeing's main products and services are significant globally:
-
Commercial Airplanes:
- The global commercial aerospace market size was valued at USD 960.07 billion in 2025 and is projected to reach USD 1,812.96 billion by 2034.
- The global commercial aircraft manufacturing market size was calculated at USD 416.03 billion in 2025 and is predicted to increase to approximately USD 668.05 billion by 2035.
-
Defense, Space & Security:
- The global military aircraft market size was valued at USD 46.06 billion in 2024 and is expected to grow to USD 59.57 billion by 2033. Another estimate for the global military aircraft market size in 2024 was USD 48.3 billion, poised to grow to USD 73.02 billion by 2033.
- The global missile defense system market was valued at USD 31.5 billion in 2024 and is projected to reach USD 54.2 billion by 2033.
- The global satellite market size was estimated at USD 362.28 billion in 2025 and is predicted to increase to approximately USD 780.24 billion by 2035.
- The global space exploration market is valued at USD 564.6 billion, driven by governmental and private investments. It was valued at USD 496 billion in 2023 and is expected to expand to USD 1,895 billion by the end of 2033.
-
Global Services:
- The global aerospace and defense MRO (Maintenance, Repair, and Overhaul) market size was estimated at USD 135.7 billion in 2024 and is projected to reach USD 187.3 billion by 2030.
- The global pilot training market size accounted for USD 9.41 billion in 2024 and is predicted to increase to approximately USD 31.38 billion by 2034. The global civil aviation flight training and simulation market is valued at USD 9.8 billion.
-
Boeing Capital:
- The global commercial aircraft finance market size is calculated at USD 101.42 billion in 2025 and is anticipated to reach around USD 317.70 billion by 2035. The global aircraft leasing market size was valued at USD 192.45 billion in 2024.
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The Boeing Company (BA) is anticipated to drive future revenue growth over the next two to three years through several key areas:
- Increased Commercial Airplane Production and Deliveries: Boeing expects higher commercial deliveries for its 737 and 787 programs. In 2025, the company delivered 600 commercial airplanes, the highest annual total since 2018, and increased its 737 production rate to 42 aircraft per month, with the 787 transitioning to eight per month. This ramp-up in production and deliveries is a primary contributor to revenue growth, supported by a significant backlog of over 6,100 commercial airplanes valued at approximately $567 billion to $700 billion.
- Growth in Global Services Segment: The Global Services (BGS) segment continues to demonstrate strong performance, with adjusted revenue growing 6% in the fourth quarter of 2025. This segment recorded annual orders of $28 billion and a backlog reaching $30 billion, with both its commercial and government businesses achieving double-digit margins.
- Robust Backlog and Improved Performance in Defense, Space & Security: The Defense, Space & Security (BDS) segment reported a 37% increase in revenue in the fourth quarter of 2025. It secured $15 billion in orders during the quarter, leading to a record backlog of $85 billion. This substantial backlog and improved operational performance position the segment for sustained future revenue.
- Certification and Deliveries of New Aircraft Programs: The anticipated certification of the 737-10 narrowbody jet, expected later in 2026, along with the progressing certification of the 777X program, will contribute new revenue streams as these aircraft move into production and delivery.
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Share Repurchases
- Boeing suspended its share buyback program in March 2020, following a request for a bailout and continued financial challenges. As a result, there have been no significant share repurchases as a capital allocation strategy in the last 3-5 years.
Share Issuance
- In October 2024, Boeing planned a capital raise exceeding $15 billion to bolster its liquidity.
- The company subsequently raised approximately $21 billion through an upsized share sale, which included the issuance of 112.5 million common shares and $5 billion in depositary shares.
- The net proceeds from this offering, totaling about $20.72 billion (approximately $15.81 billion from common stock and $4.91 billion from depositary shares), were earmarked for general corporate purposes, including debt repayment, working capital, and capital expenditures.
Outbound Investments
- In the fourth quarter of 2025, Boeing made a strategic acquisition of Spirit AeroSystems, aiming to enhance production stability and quality control within its operations.
Capital Expenditures
- Boeing's capital expenditures have shown an increasing trend from 2021 to 2025, with reported figures of approximately $0.980 billion in 2021, $1.222 billion in 2022, $1.527 billion in 2023, $2.230 billion in 2024, and $2.942 billion in 2025.
- For 2026, expected capital expenditures are projected to reach approximately $3.901 billion.
- The primary focus of these expenditures includes investments in facilities in Charleston and St. Louis to support future production rate increases and expansions, as well as strategic investments in sustainable aviation research and development, and digital infrastructure upgrades.
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|---|---|---|
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| 11302022 | BA | Boeing | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 15.0% | 29.5% | -1.7% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 307.02 |
| Mkt Cap | 141.8 |
| Rev LTM | 63,799 |
| Op Inc LTM | 6,544 |
| FCF LTM | 5,434 |
| FCF 3Y Avg | 4,372 |
| CFO LTM | 6,828 |
| CFO 3Y Avg | 5,396 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.9% |
| Rev Chg 3Y Avg | 10.0% |
| Rev Chg Q | 10.8% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Mgn LTM | 10.3% |
| Op Mgn 3Y Avg | 9.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.4% |
| CFO/Rev 3Y Avg | 10.7% |
| FCF/Rev LTM | 8.1% |
| FCF/Rev 3Y Avg | 7.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 141.8 |
| P/S | 2.1 |
| P/EBIT | 21.7 |
| P/E | 30.3 |
| P/CFO | 22.0 |
| Total Yield | 4.6% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 3.4% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.1% |
| 3M Rtn | 1.2% |
| 6M Rtn | 8.7% |
| 12M Rtn | 35.3% |
| 3Y Rtn | 55.9% |
| 1M Excs Rtn | -0.3% |
| 3M Excs Rtn | 9.2% |
| 6M Excs Rtn | 13.4% |
| 12M Excs Rtn | 21.7% |
| 3Y Excs Rtn | 1.2% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial Airplanes (BCA) | 84,177 | 77,047 | 76,825 | 75,863 | 77,973 |
| Unallocated items, eliminations and other | 40,132 | 28,851 | 29,700 | 29,583 | 40,530 |
| Global Services (BGS) | 16,704 | 16,193 | 16,149 | 16,397 | 17,399 |
| Defense, Space & Security (BDS) | 15,350 | 14,921 | 14,426 | 14,974 | 14,256 |
| Boeing Capital (BCC) | 1,735 | 1,978 | |||
| Total | 156,363 | 137,012 | 137,100 | 138,552 | 152,136 |
Price Behavior
Price Behavior
| Market Price | $189.21 | |
| Market Cap ($ Bil) | 145.4 | |
| First Trading Date | 01/02/1962 | |
| Distance from 52W High | -25.0% | |
| 50 Days | 200 Days | |
| DMA Price | $226.83 | $218.56 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -16.6% | -13.4% |
| 3M | 1YR | |
| Volatility | 30.0% | 36.7% |
| Downside Capture | 0.87 | 0.88 |
| Upside Capture | 107.65 | 113.64 |
| Correlation (SPY) | 28.9% | 61.0% |
BA Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.22 | 0.31 | 0.34 | 0.70 | 1.19 | 1.02 |
| Up Beta | 0.94 | -0.04 | -0.50 | 0.35 | 1.22 | 1.02 |
| Down Beta | -2.11 | -0.91 | -0.94 | 0.29 | 1.23 | 1.19 |
| Up Capture | 33% | 122% | 185% | 81% | 131% | 62% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 21 | 34 | 60 | 132 | 384 |
| Down Capture | 110% | 78% | 58% | 109% | 106% | 100% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 20 | 27 | 64 | 118 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BA | |
|---|---|---|---|---|
| BA | 2.5% | 36.7% | 0.13 | - |
| Sector ETF (XLI) | 19.2% | 19.3% | 0.78 | 65.3% |
| Equity (SPY) | 14.8% | 19.0% | 0.60 | 61.7% |
| Gold (GLD) | 48.2% | 27.7% | 1.42 | 9.1% |
| Commodities (DBC) | 17.5% | 17.6% | 0.83 | 23.6% |
| Real Estate (VNQ) | 1.1% | 16.4% | -0.11 | 41.2% |
| Bitcoin (BTCUSD) | -24.0% | 44.3% | -0.49 | 32.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BA | |
|---|---|---|---|---|
| BA | -5.3% | 36.1% | -0.07 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 57.9% |
| Equity (SPY) | 12.0% | 17.0% | 0.55 | 53.1% |
| Gold (GLD) | 20.9% | 17.7% | 0.97 | 13.0% |
| Commodities (DBC) | 12.2% | 18.8% | 0.53 | 16.7% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 39.4% |
| Bitcoin (BTCUSD) | 3.9% | 56.6% | 0.29 | 21.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BA | |
|---|---|---|---|---|
| BA | 4.1% | 41.3% | 0.24 | - |
| Sector ETF (XLI) | 12.8% | 19.8% | 0.57 | 68.8% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 59.4% |
| Gold (GLD) | 13.4% | 15.8% | 0.70 | 7.7% |
| Commodities (DBC) | 8.2% | 17.6% | 0.38 | 26.8% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 50.5% |
| Bitcoin (BTCUSD) | 66.2% | 66.9% | 1.06 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/27/2026 | -1.6% | -6.2% | -7.3% |
| 10/29/2025 | -4.4% | -11.3% | -16.3% |
| 7/29/2025 | -4.4% | -6.0% | -0.7% |
| 4/23/2025 | 6.1% | 12.0% | 25.0% |
| 1/28/2025 | 1.5% | 0.4% | -1.2% |
| 10/11/2024 | -1.3% | 2.6% | -1.4% |
| 7/31/2024 | 2.0% | -11.7% | -8.6% |
| 4/24/2024 | -2.9% | -0.8% | 10.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 12 |
| # Negative | 14 | 12 | 12 |
| Median Positive | 3.1% | 2.5% | 8.6% |
| Median Negative | -3.4% | -4.1% | -1.6% |
| Max Positive | 8.7% | 12.0% | 40.2% |
| Max Negative | -8.8% | -11.7% | -26.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 01/30/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/03/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 01/31/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 01/27/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 First Delivery of 777X | |||||||
Prior: Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 737 Production Rate | 42 | 0 | Affirmed | Guidance: 42 for 2025 | |||
| 2027 777-9 First Delivery | |||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Deasy, Dana S | CIDO, SVP IDT&S | Direct | Buy | 11252025 | 178.88 | 554 | 99,102 | 5,087,847 | Form |
| 2 | Amuluru, Uma M | EVP and Chief HR Officer | Direct | Sell | 11102025 | 197.66 | 1,366 | 270,009 | 2,897,032 | Form |
| 3 | Buckley, Mortimer J | Direct | Buy | 8212025 | 226.10 | 2,200 | 497,420 | 497,420 | Form | |
| 4 | Raymond, David Christopher | EVP, Pres. & CEO, BGS | Direct | Sell | 8122025 | 229.94 | 3,771 | 867,069 | 8,248,722 | Form |
| 5 | Nelson, Brendan J | SVP, President, Boeing Global | Direct | Sell | 5192025 | 206.28 | 640 | 132,019 | 2,734,819 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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