Stocks · Industrials · Aircraft

Boeing

BA Clue Score55
United States Fiscal year ends December CIK 0000012927
$190.37 +1.40% Close, 9 Oct 2026
Price $190.37 −15.93% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue93.50Operating income6.53Net income5.03EPS, diluted7.83Fiscal year 2017Revenue94.01 +0.5%Operating income10.34Net income8.46 +68.0%EPS, diluted13.85 +76.9%Fiscal year 2018Revenue101.13 +7.6%Operating income11.99Net income10.46 +23.7%EPS, diluted17.85 +28.9%Fiscal year 2019Revenue76.56 −24.3%Operating income−1.98Net income−0.64 −106.1%EPS, diluted−1.12 −106.3%Fiscal year 2020Revenue58.16 −24.0%Operating income−12.77Net income−11.87EPS, diluted−20.88Fiscal year 2021Revenue62.29 +7.1%Operating income−2.87Net income−4.20EPS, diluted−7.15Fiscal year 2022Revenue66.61 +6.9%Operating income−3.52Net income−4.94EPS, diluted−8.30Fiscal year 2023Revenue77.79 +16.8%Operating income−0.77Net income−2.22EPS, diluted−3.67Fiscal year 2024Revenue66.52 −14.5%Operating income−10.71Net income−11.82EPS, diluted−18.36Fiscal year 2025Revenue89.46 +34.5%Operating income4.28Net income2.24EPS, diluted2.48
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 93.50 94.01 101.13 76.56 58.16 62.29 66.61 77.79 66.52 89.46
Growth +0.5% +7.6% −24.3% −24.0% +7.1% +6.9% +16.8% −14.5% +34.5%
Operating income 6.53 10.34 11.99 −1.98 −12.77 −2.87 −3.52 −0.77 −10.71 4.28
Net income 5.03 8.46 10.46 −0.64 −11.87 −4.20 −4.94 −2.22 −11.82 2.24
Growth +68.0% +23.7% −106.1%
EPS, diluted 7.83 13.85 17.85 −1.12 −20.88 −7.15 −8.30 −3.67 −18.36 2.48
Growth +76.9% +28.9% −106.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin15.5%Operating margin7.0%Net margin5.4%Free cash flow margin8.4%Fiscal year 2017Gross margin18.5%Operating margin11.0%Net margin9.0%Free cash flow margin12.3%Fiscal year 2018Gross margin19.4%Operating margin11.9%Net margin10.3%Free cash flow margin13.4%Fiscal year 2019Gross margin5.8%Operating margin−2.6%Net margin−0.8%Free cash flow margin−5.6%Fiscal year 2020Gross margin−9.8%Operating margin−22.0%Net margin−20.4%Free cash flow margin−33.9%Fiscal year 2021Gross margin4.9%Operating margin−4.6%Net margin−6.7%Free cash flow margin−7.1%Fiscal year 2022Gross margin5.3%Operating margin−5.3%Net margin−7.4%Free cash flow margin3.4%Fiscal year 2023Gross margin9.9%Operating margin−1.0%Net margin−2.9%Free cash flow margin5.7%Fiscal year 2024Gross margin−3.0%Operating margin−16.1%Net margin−17.8%Free cash flow margin−21.5%Fiscal year 2025Gross margin4.8%Operating margin4.8%Net margin2.5%Free cash flow margin−2.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 15.5% 18.5% 19.4% 5.8% −9.8% 4.9% 5.3% 9.9% −3.0% 4.8%
Operating margin 7.0% 11.0% 11.9% −2.6% −22.0% −4.6% −5.3% −1.0% −16.1% 4.8%
Net margin 5.4% 9.0% 10.3% −0.8% −20.4% −6.7% −7.4% −2.9% −17.8% 2.5%
Free cash flow margin 8.4% 12.3% 13.4% −5.6% −33.9% −7.1% 3.4% 5.7% −21.5% −2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow10.50Capital expenditure−2.61Free cash flow7.88Buybacks−7.00Dividends paid−2.76Fiscal year 2017Operating cash flow13.35Capital expenditure−1.74Free cash flow11.61 +47.2%Buybacks−9.24Dividends paid−3.42Fiscal year 2018Operating cash flow15.32Capital expenditure−1.72Free cash flow13.60 +17.2%Buybacks−9.00Dividends paid−3.95Fiscal year 2019Operating cash flow−2.45Capital expenditure−1.83Free cash flow−4.28 −131.5%Buybacks−2.65Dividends paid−4.63Fiscal year 2020Operating cash flow−18.41Capital expenditure−1.30Free cash flow−19.71Dividends paid−1.16Fiscal year 2021Operating cash flow−3.42Capital expenditure−0.98Free cash flow−4.40Fiscal year 2022Operating cash flow3.51Capital expenditure−1.22Free cash flow2.29Fiscal year 2023Operating cash flow5.96Capital expenditure−1.53Free cash flow4.43 +93.6%Fiscal year 2024Operating cash flow−12.08Capital expenditure−2.23Free cash flow−14.31 −422.8%Fiscal year 2025Operating cash flow1.07Capital expenditure−2.94Free cash flow−1.88Dividends paid−0.33
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 10.50 13.35 15.32 −2.45 −18.41 −3.42 3.51 5.96 −12.08 1.07
Capital expenditure −2.61 −1.74 −1.72 −1.83 −1.30 −0.98 −1.22 −1.53 −2.23 −2.94
Free cash flow 7.88 11.61 13.60 −4.28 −19.71 −4.40 2.29 4.43 −14.31 −1.88
Growth +47.2% +17.2% −131.5% +93.6% −422.8%
Buybacks −7.00 −9.24 −9.00 −2.65 n/a n/a n/a n/a n/a n/a
Dividends paid −2.76 −3.42 −3.95 −4.63 −1.16 n/a n/a n/a n/a −0.33

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash8.80Shareholders’ equity0.82Fiscal year 2017Cash8.81Shareholders’ equity1.66Fiscal year 2018Cash7.64Shareholders’ equity0.34Fiscal year 2019Cash9.49Total debt20.96Net cash (debt)−11.48Shareholders’ equity−8.62Fiscal year 2020Cash7.75Total debt63.38Net cash (debt)−55.63Shareholders’ equity−18.32Fiscal year 2021Cash8.05Total debt57.92Net cash (debt)−49.87Shareholders’ equity−15.00Fiscal year 2022Cash14.61Total debt56.79Net cash (debt)−42.18Shareholders’ equity−15.88Fiscal year 2023Cash12.69Total debt52.06Net cash (debt)−39.36Shareholders’ equity−17.23Fiscal year 2024Cash13.80Total debt53.63Net cash (debt)−39.82Shareholders’ equity−3.91Fiscal year 2025Cash10.92Total debt53.85Net cash (debt)−42.93Shareholders’ equity5.45Debt to equity9.87
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.80 8.81 7.64 9.49 7.75 8.05 14.61 12.69 13.80 10.92
Total debt n/a n/a n/a 20.96 63.38 57.92 56.79 52.06 53.63 53.85
Net cash (debt) n/a n/a n/a −11.48 −55.63 −49.87 −42.18 −39.36 −39.82 −42.93
Shareholders’ equity 0.82 1.66 0.34 −8.62 −18.32 −15.00 −15.88 −17.23 −3.91 5.45
Debt to equity n/a n/a n/a n/a n/a n/a n/a n/a n/a 9.87

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.5% 18.5% 19.4% 5.8% −9.8% 4.9% 5.3% 9.9% −3.0% 4.8%
7.0% 11.0% 11.9% −2.6% −22.0% −4.6% −5.3% −1.0% −16.1% 4.8%
6.2% 10.8% 11.5% −3.0% −24.9% −8.1% −7.5% −2.6% −18.4% 2.9%
5.4% 9.0% 10.3% −0.8% −20.4% −6.7% −7.4% −2.9% −17.8% 2.5%
8.4% 12.3% 13.4% −5.6% −33.9% −7.1% 3.4% 5.7% −21.5% −2.1%
Spending
4.9% 3.4% 3.2% 4.2% 4.3% 3.6% 4.3% 4.3% 5.7% 4.0%
3.9% 4.4% 4.5% 5.1% 8.3% 6.7% 6.3% 6.6% 7.5% 6.8%
2.8% 1.8% 1.7% 2.4% 2.2% 1.6% 1.8% 2.0% 3.4% 3.3%
13.0% 16.3% 9.9% n/a n/a n/a n/a n/a n/a 15.1%
Returns
616.2% 510.7% 3,085.5% n/a n/a n/a n/a n/a n/a 41.0%
5.6% 7.5% 8.9% −0.5% −7.8% −3.0% −3.6% −1.6% −7.6% 1.3%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a n/a n/a 9.87
n/a n/a n/a 106.2% 111.9% 110.7% 111.6% 112.6% 102.5% 96.8%
54.7% 40.4% 37.7% n/a n/a n/a n/a n/a n/a 14.8%
123.8% 109.0% 95.2% n/a n/a n/a n/a n/a n/a n/a