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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. BA Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Boeing (BA)

Market Price (9/17/2025): $214.9 | Market Cap: $162.6 Bil
Sector: Industrials | Industry: Aerospace & Defense

Boeing (BA)

Market Price (9/17/2025): $214.9
Market Cap: $162.6 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights

0 Low stock price volatility
Vol 12M is 37%		 Weak multi-year price returns
2Y Excs Rtn is -46%, 3Y Excs Rtn is -26%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
1   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
0 Low stock price volatility
Vol 12M is 37%
1 Weak multi-year price returns
2Y Excs Rtn is -46%, 3Y Excs Rtn is -26%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.4 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%

Market Valuation

 9/17/252024202320222021
Share Price CYE$214.90$177.00$260.66$190.49$201.32
Market Cap CYE ($ Bil)162.6130.9158.5113.8118.7
Total Debt ($ Bil)53.354.252.657.358.4
Total Cash ($ Bil)23.026.316.017.216.2
Enterprise Value ($ Bil)192.9185.1211.1171.1177.1
Valuation Ratios     
P/S TTM2.21.72.01.71.9
P/EBIT TTM-20.6-12.1347.8-46.0-51.0
P/E TTM-15.2-9.7-71.1-23.0-28.1
Sector Ratios     
P/S TTM (Sector)1.61.41.41.11.6
P/EBIT TTM (Sector)11.410.210.08.312.1
P/E TTM (Sector)16.613.713.911.215.6
 9/17/2520242023
Share Price CYE$214.90$177.00$260.66
Market Cap CYE ($ Bil)162.6130.9158.5
Total Debt ($ Bil)53.354.252.6
Total Cash ($ Bil)23.026.316.0
Enterprise Value ($ Bil)192.9185.1211.1
Valuation Ratios   
P/S TTM2.21.72.0
P/EBIT TTM-20.6-12.1347.8
P/E TTM-15.2-9.7-71.1
Sector Ratios   
P/S TTM (Sector)1.61.41.4
P/EBIT TTM (Sector)11.410.210.0
P/E TTM (Sector)16.613.713.9

Market Cap Chart

Business Description

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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
BA Return-34%-6%-5%37%-32%21%-33%
Peers Return-10%23%25%-4%12%25%86%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: RTX, LMT, GD, NOC, LHX. See BA Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Interactive Breakdown

Boeing Interactive Breakdown Analysis

Better Bets than Boeing (BA)

 BABetter Performance than BA
MetricValueIndustry (Aerospace & Defense)
Rev Chg LTM2.4%GE (13.0%), RTX (15.4%), GD (11.9%), HWM (10.0%), TDG (12.8%)
Rev Chg 3Y Avg7.8%RTX (8.7%), GD (9.4%), HWM (14.1%), TDG (18.2%), AXON (34.1%)
Op Mgn LTM-12.4%GE (19.1%), RTX (10.0%), LMT (8.2%), GD (10.3%), NOC (9.8%)
CFO/Rev LTM-8.2%GE (15.8%), RTX (7.0%), LMT (7.1%), GD (10.0%), NOC (7.3%)
FCF/Rev LTM-11.3%GE (13.2%), RTX (3.2%), LMT (4.6%), GD (8.2%), NOC (3.2%)
Total Yield-6.6%GE (2.5%), RTX (4.5%), LMT (5.9%), GD (6.5%), NOC (5.5%)
 BABetter Performance than BA
MetricValueAll Other Sectors
Rev Chg LTM2.4%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg7.8%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM-12.4%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM-8.2%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM-11.3%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield-6.6%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), AMZN (2.8%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Boeing Earnings Notes  
2How Does BA Stack Up Against Its Peers?  
3BA Fell 7.5% In A Month. What To Do Now?Return 
4BA Dip Buy Analysis  
5Boeing vs. L3Harris Technologies: Both Seem Similar BetsPeer Comparison 
6Boeing vs. RTX: Both Seem Similar BetsPeer Comparison 
7Boeing vs. General Dynamics: With Return Forecast Of 29%, General Dynamics Is A Better BetPeer Comparison 
8Boeing vs. Northrop Grumman: With Return Forecast Of 16%, Boeing Is A Better BetPeer Comparison 
9Boeing vs. Lockheed Martin: With Return Forecast Of 16%, Boeing Is A Better BetPeer Comparison 
10Boeing vs. Out Of Favor Health Care Stocks: Which Is A Better Investment?Investment Theme Comparisons 
11ARTICLES  
12What’s Next With Boeing Stock? September 12th, 2025
13How Does BA Stack Up Against Its Peers? September 12th, 2025
14BA Down 5.4% In A Month. How Confident Are You In The Stock? September 11th, 2025
15S&P 500 Movers | Winners: WBD, PSKY, SNPS | Losers: ORCL, NFLX, BA September 11th, 2025
16How Does BA Stack Up Against Its Peers? August 26th, 2025
Title
0DASHBOARDS
1What’s Next With Boeing Stock?
2How Does BA Stack Up Against Its Peers?
3BA Down 5.4% In A Month. How Confident Are You In The Stock?
4S&P 500 Movers | Winners: WBD, PSKY, SNPS | Losers: ORCL, NFLX, BA
5How Does BA Stack Up Against Its Peers?
6ARTICLES
7Boeing Earnings Notes
8How Does BA Stack Up Against Its Peers?
9BA Fell 7.5% In A Month. What To Do Now?
10BA Dip Buy Analysis
11Boeing vs. L3Harris Technologies: Both Seem Similar Bets
12Boeing vs. RTX: Both Seem Similar Bets
13Boeing vs. General Dynamics: With Return Forecast Of 29%, General Dynamics Is A Better Bet
14Boeing vs. Northrop Grumman: With Return Forecast Of 16%, Boeing Is A Better Bet
15Boeing vs. Lockheed Martin: With Return Forecast Of 16%, Boeing Is A Better Bet
16Boeing vs. Out Of Favor Health Care Stocks: Which Is A Better Investment?

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
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4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
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4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

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10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

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5NAKAKindly MD-89.0% 
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8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Boeing

Financials

BARTXLMTGDNOCLHXMedian
NameBoeing RTX Lockheed.General .Northrop.L3Harris. 
Mkt Price215.02158.58474.32326.40579.36284.27305.33
Mkt Cap162.7212.6110.887.583.353.299.1
Rev LTM75,32783,59971,84450,27340,50121,37361,058
Op Inc LTM-9,3768,3205,8575,1773,9762,3664,576
FCF LTM-8,5442,6643,3294,1301,3082,1642,414
FCF 3Y Avg-2,1394,2925,4283,1052,0651,8282,585
CFO LTM-6,1845,8475,0715,0262,9722,5073,999
CFO 3Y Avg-2877,4047,1884,0753,7172,2083,896

Growth & Margins

BARTXLMTGDNOCLHXMedian
NameBoeing RTX Lockheed.General .Northrop.L3Harris. 
Rev Chg LTM2.4%15.4%1.1%11.9%-0.6%2.9%2.7%
Rev Chg 3Y Avg7.8%8.7%3.9%9.4%5.1%8.4%8.1%
Rev Chg Q34.9%9.4%0.2%8.9%1.3%2.4%5.6%
QoQ Delta Rev Chg LTM8.5%2.3%0.0%2.2%0.3%0.6%1.4%
Op Mgn LTM-12.4%10.0%8.2%10.3%9.8%11.1%9.9%
Op Mgn 3Y Avg-6.5%7.5%11.0%10.2%8.8%10.4%9.5%
QoQ Delta Op Mgn LTM2.3%1.8%-2.1%0.1%0.2%0.2%0.2%
CFO/Rev LTM-8.2%7.0%7.1%10.0%7.3%11.7%7.2%
CFO/Rev 3Y Avg-0.3%9.9%10.3%9.0%9.4%11.0%9.6%
FCF/Rev LTM-11.3%3.2%4.6%8.2%3.2%10.1%3.9%
FCF/Rev 3Y Avg-2.8%5.8%7.8%6.8%5.2%9.2%6.3%

Valuation

BARTXLMTGDNOCLHXMedian
NameBoeing RTX Lockheed.General .Northrop.L3Harris. 
Mkt Cap162.7212.6110.887.583.353.299.1
P/S2.22.51.51.72.12.52.1
P/EBIT-20.621.418.616.515.421.017.5
P/E-15.234.626.321.421.131.323.9
P/CFO-26.336.421.817.428.021.221.5
Total Yield-6.6%4.5%5.9%6.5%5.5%4.9%5.2%
Dividend Yield0.0%1.6%2.1%1.8%0.7%1.7%1.6%
FCF Yield 3Y Avg-1.5%3.0%4.8%4.4%3.1%4.4%3.7%
D/E0.30.20.20.10.20.20.2
Net D/E0.20.20.20.10.20.20.2

Returns

BARTXLMTGDNOCLHXMedian
NameBoeing RTX Lockheed.General .Northrop.L3Harris. 
1M Rtn-8.6%2.9%9.2%4.1%-0.4%5.5%3.5%
3M Rtn7.4%7.3%-0.3%16.0%15.4%13.8%10.6%
6M Rtn33.1%20.6%2.5%22.7%19.3%35.1%21.7%
12M Rtn38.2%35.7%-14.9%7.8%13.1%25.1%19.1%
3Y Rtn49.0%99.5%24.1%52.3%25.5%31.8%40.4%
1M Excs Rtn-11.0%0.5%6.8%1.6%-2.8%3.1%1.0%
3M Excs Rtn-2.9%-0.8%-7.2%7.4%7.4%5.7%2.5%
6M Excs Rtn16.4%4.8%-13.5%7.4%2.7%18.3%6.1%
12M Excs Rtn14.0%16.6%-32.3%-7.8%-4.4%9.0%2.3%
3Y Excs Rtn-25.9%30.7%-40.5%-12.8%-38.6%-34.0%-30.0%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/29/20254/23/20252/3/202510/23/20247/31/20244/24/20241/31/202410/25/20237/26/20234/26/20231/27/202310/26/2022
Key Financials Quarterly            
Total Revenue22,74919,49615,24217,84016,86616,56922,01818,10419,75117,92119,98015,956
Ebitda6091,250-2,829-5,052-4016331,072-44677610493-2,011
Operating Income-268461-3,823-5,746-1,102-153281-836-144-122-360-2,768
Net Income-611-37-3,865-6,170-1,439-343-23-1,636-149-414-634-3,275
EPS-0.92-0.16-5.46-9.97-2.33-0.56-0.04-2.70-0.25-0.69-1.06-5.49
Key Financials TTM            
Total Revenue TTM75,32769,44466,51773,29373,55776,44277,79475,75673,60870,53866,60861,421
Ebitda TTM-6,022-7,032-7,649-3,7481,2602,3382,3151,736-231623-482-4,448
Operating Income TTM-9,376-10,210-10,824-6,720-1,810-852-821-1,462-3,394-2,488-3,509-7,297
Net Income TTM-10,683-11,511-11,817-7,975-3,441-2,151-2,222-2,833-4,472-4,130-4,935-8,377
Growth Rates Quarterly            
Total Revenue Growth34.9%17.7%-30.8%-1.5%-14.6%-7.5%10.2%13.5%18.4%28.1%35.1%4.4%
EBITDA Growth251.9%97.5%-363.9%-11381.8%-159.2%3.8%117.4%97.8%-55.8%223.2%114.2%-328.0%
Operating Income Growth75.7%401.3%-1460.5%-587.3%-665.3%-25.4%178.1%69.8%-118.9%89.3%91.3%-7020.0%
Net Income Growth57.5%89.2%-16704.3%-277.1%-865.8%17.1%96.4%50.0%-177.2%66.0%84.4%-2381.1%
Margins Quarterly            
EBITDA Margin2.7%6.4%-18.6%-28.3%-2.4%3.8%4.9%-0.2%3.4%3.4%2.5%-12.6%
Operating Income Margin-1.2%2.4%-25.1%-32.2%-6.5%-0.9%1.3%-4.6%-0.7%-0.7%-1.8%-17.3%
Net Income Margin-2.7%-0.2%-25.4%-34.6%-8.5%-2.1%-0.1%-9.0%-0.8%-2.3%-3.2%-20.5%
Cash & Debt            
Total Cash22,96723,67426,28210,47012,6217,52915,96513,37213,76214,76717,22014,257
Total Debt53,32353,61854,18857,65057,92747,94052,60352,27252,26855,39157,27757,219
Net Debt / (Cash)30,35629,94427,90647,18045,30640,41136,63838,90038,50640,62440,05742,962
Cash Flows Quarterly            
FCF from Operations227-1,616-3,450-1,345-3,923-3,3623,381222,875-3183,4573,190
Cash Flows TTM            
FCF from Operations TTM-6,184-10,334-12,080-5,249-3,8822,9165,9606,0369,2046,4103,512771
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC-3.5%6.2%-51.7%-48.3%-9.2%-1.4%3.1%-8.6%-0.6%-1.0%-3.6%-25.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-30.5%-33.4%-37.6%-14.0%-4.0%-2.1%-2.2%-3.8%-8.6%-6.1%-8.8%-16.0%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Commercial Airplanes (BCA)33,90126,02619,71416,16232,255
Defense, Space & Security (BDS)24,93323,16226,54026,25726,095
Global Services (BGS)19,12717,61116,32815,54318,468
Unallocated items, eliminations and other-167-191-296-65-503
Boeing Capital (BCC)   261244
Total77,79466,60862,28658,15876,559


Assets by Segment
$ Mil20242023202220212020
Commercial Airplanes (BCA)77,047  77,97373,995
Unallocated items, eliminations and other28,851  40,53022,999
Global Services (BGS)16,193  17,39918,605
Defense, Space & Security (BDS)14,921  14,25615,757
Boeing Capital (BCC)   1,9782,269
Total137,012  152,136133,625


Price Behavior

BA Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta1.001.321.191.321.141.05
Up Beta0.831.040.811.241.161.06
Down Beta0.000.180.331.441.381.27
Up Capture156%211%161%174%108%76%
Bmk +ve Days10223571142415
Stock +ve Days14233371135399
Down Capture103%158%161%111%92%99%
Bmk -ve Days11192754106334
Stock -ve Days7182954113350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity15,871,963
Short Interest: % Change Since 81520254.6%
Average Daily Volume6,325,598
Days-to-Cover Short Interest2.51
Basic Shares Quantity756,600,000
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/29/2025-4.4%-6.0%-0.7%
4/23/20256.1%12.0%25.0%
1/28/20251.5%0.4%-1.2%
10/11/2024-1.3%2.6%-1.4%
7/31/20242.0%-11.7%-8.6%
4/24/2024-2.9%-0.8%10.1%
1/31/20245.3%4.1%1.6%
10/25/2023-2.5%2.4%20.6%
...
SUMMARY STATS   
# Positive121413
# Negative121011
Median Positive1.9%2.5%10.1%
Median Negative-3.4%-3.5%-1.4%
Max Positive8.7%12.0%40.2%
Max Negative-8.8%-11.7%-26.9%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025729202510-Q 6/30/2025
3312025423202510-Q 3/31/2025
12312024203202510-K 12/31/2024
93020241023202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024424202410-Q 3/31/2024
12312023131202410-K 12/31/2023
93020231025202310-Q 9/30/2023
6302023726202310-Q 6/30/2023
3312023426202310-Q 3/31/2023
12312022127202310-K 12/31/2022
93020221026202210-Q 9/30/2022
6302022727202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021131202210-K 12/31/2021
93020211027202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Buckley Mortimer J 8212025Buy226.102,200497,420497,420Form
1Raymond David ChristopherEVP, Pres. & CEO, BGS8122025Sell229.943,771867,0698,248,722Form
2Nelson Brendan J.SVP, President, Boeing Global5192025Sell206.28640132,0192,734,819Form
3Shockey Jeffrey SEVP, Gov Ops, GPP & CS5152025Sell202.873,205650,1984,161,472Form
4Cleary Michael JController5082025Sell186.003,000558,0094,082,741Form

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