BA

MKT CAP:$184B

The Boeing Company

Market Cap

$184B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Industrials·Aerospace·🇺🇸·NYSE

Stock Price

$232.93+$5.16 (+2.27%)

Apr 24, 2026

Company Details

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 wor...

CEO

Robert K. Ortberg

IPO Date

Jan 2, 1962

Website

www.boeing.com

Key Metrics TTM

Revenue

$83.5B

+15.0% YoY

Net Income

-$9.8B

EPS (Diluted)

-$13.62

Free Cash Flow

-$4.0B

Revenue / Share

$102.03

Gross Margin

1.2%

Operating Margin

-10.1%

Net Margin

-11.8%

FCF Margin

-4.7%

P/S

2.2x

P/E

—

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$22.2BEPS -$0.11

Q3 2025

Oct 29, 2025

$23.3B+30.4%EPS -$7.14

Q2 2025

Jul 29, 2025

$22.7B+34.9%EPS -$0.92

FY 2024

Feb 3, 2025

$66.5B-14.5%EPS -$18.36

Q4 2024

Feb 3, 2025

$15.2BEPS -$5.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$15.8B	-$2.1B	-$3.5B
Q3 19	$20.0B	$3.1B	$1.3B
Q4 19	$17.9B	-$792M	-$2.2B
Q2 20	$11.8B	-$1.2B	-$3.0B
Q4 20	$15.3B	$837M	-$1.6B
Q4 21	$14.8B	$946M	-$720M
Q3 22	$16.0B	-$833M	-$2.8B
Q1 23	$17.9B	$1.9B	-$128M
Q2 23	$19.8B	$1.9B	-$141M
Q3 23	$18.1B	$1.2B	-$831M
Q2 24	$16.9B	$1.2B	-$1.1B
Q3 24	$17.8B	-$3.5B	-$5.7B
Q4 24	$15.2B	-$1.6B	-$3.8B
Q2 25	$22.7B	$2.5B	-$255M
Q3 25	$23.3B	-$2.4B	-$4.8B
Q1 26	$22.2B	$2.5B	$448M

Valuation

Quarter	P/S	P/E
Q2 19	2.2x	40.3x
Q3 19	2.5x	56.6x
Q4 19	2.4x	—
Q2 20	1.7x	—
Q4 20	1.9x	—
Q4 21	2.1x	—
Q3 22	1.3x	—
Q1 23	2.0x	—
Q2 23	1.9x	—
Q3 23	1.5x	—
Q2 24	1.6x	—
Q3 24	1.5x	—
Q4 24	1.9x	—
Q2 25	2.2x	—
Q3 25	2.1x	—
Q1 26	1.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	-$590M	-$1.0B
Q3 19	-$2.4B	-$2.9B
Q4 19	-$2.2B	-$2.8B
Q2 20	-$5.3B	-$5.6B
Q4 20	-$4.0B	-$4.3B
Q4 21	$716M	$494M
Q3 22	$3.2B	$2.9B
Q1 23	-$318M	-$786M
Q2 23	$2.9B	$2.6B
Q3 23	$22M	-$310M
Q2 24	-$3.9B	-$4.4B
Q3 24	-$1.3B	-$2.0B
Q4 24	-$3.5B	-$4.1B
Q2 25	$227M	-$200M
Q3 25	$1.1B	$1.8B
Q1 26	-$179M	-$1.5B

Capital Expenditures

Quarter	CapEx
Q2 19	$441M
Q3 19	$465M
Q4 19	$554M
Q2 20	$348M
Q4 20	$265M
Q4 21	$222M
Q3 22	$284M
Q1 23	$468M
Q2 23	$296M
Q3 23	$332M
Q2 24	$492M
Q3 24	$611M
Q4 24	$648M
Q2 25	$427M
Q3 25	$674M
Q1 26	$1.3B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	-35.1%	-10.6%
Q3 19	-20.5%	-19.0%
Q4 19	-36.8%	-16.6%
Q2 20	-48.5%	-27.7%
Q4 20	-2.8%	-12.4%
Q4 21	-26.0%	-16.8%
Q3 22	-10.9%	-7.0%
Q1 23	+51.8%	+22.3%
Q2 23	+29.0%	+17.8%
Q3 23	+22.4%	+22.1%
Q2 24	+5.7%	-4.2%
Q3 24	-0.5%	+30.7%
Q4 24	-22.8%	-4.2%
Q2 25	+25.7%	+21.5%
Q3 25	+38.0%	+56.4%
Q1 26	+24.5%	-7.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$57M	0.4%
Q3 19	$56M	0.3%
Q4 19	$52M	0.3%
Q2 20	$60M	0.5%
Q4 20	$85M	0.6%
Q4 21	$156M	1.1%
Q3 22	$176M	1.1%
Q1 23	$222M	1.2%
Q2 23	$159M	0.8%
Q3 23	$167M	0.9%
Q2 24	$89M	0.5%
Q3 24	$102M	0.6%
Q4 24	$97M	0.6%
Q2 25	$119M	0.5%
Q3 25	$89M	0.4%
Q1 26	$161M	0.7%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q2 19	$826M	—	$643M
Q3 19	$778M	—	$948M
Q4 19	$749M	—	$707M
Q2 20	$625M	—	$1.2B
Q4 20	$605M	—	$1.8B
Q4 21	$678M	—	$988M
Q3 22	$727M	—	$1.2B
Q1 23	$741M	—	$1.3B
Q2 23	$797M	—	$1.3B
Q3 23	$958M	—	$1.0B
Q2 24	$954M	$1.4B	—
Q3 24	$1.2B	$1.1B	—
Q4 24	$836M	$1.4B	—
Q2 25	$910M	$1.8B	—
Q3 25	$897M	$1.5B	—
Q1 26	$903M	$1.2B	—

Revenue Segments

Quarter	Boeing Capital Corporation	Boeing Defense Space Security Segment	Commercial Airplanes Segment	Global Services
Q2 19	$75M	$6.6B	$4.7B	$4.5B
Q3 19	$66M	$7.0B	$8.2B	$4.7B
Q4 19	$37M	$6.0B	$7.5B	$4.6B
Q2 20	$69M	$6.6B	$1.6B	$3.5B
Q4 20	$56M	$6.8B	$4.7B	$3.7B
Q4 21	$63M	$5.9B	$4.8B	$4.3B
Q3 22	$52M	$5.3B	$6.3B	$4.4B
Q1 23	—	$6.5B	$6.7B	$4.7B
Q2 23	—	$6.2B	$8.8B	$4.7B
Q3 23	—	$5.5B	$7.9B	$4.8B
Q2 24	—	$6.0B	$6.0B	$4.9B
Q3 24	—	$5.5B	$7.4B	$4.9B
Q4 24	—	$5.4B	$4.8B	$5.1B
Q2 25	—	$6.6B	$10.9B	$5.3B
Q3 25	—	$6.9B	$11.1B	$5.4B
Q1 26	—	$7.6B	$9.2B	$5.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$10.1B	$1.4B	$11.4B
Q3 22	$13.5B	$763M	$14.3B
Q4 22	$14.6B	$2.6B	$17.2B
Q1 23	$10.8B	$4.0B	$14.8B
Q2 23	$7.3B	$6.5B	$13.8B
Q3 23	$6.8B	$6.6B	$13.4B
Q4 23	$12.7B	$3.3B	$16.0B
Q1 24	$6.9B	$615M	$7.5B
Q2 24	$10.9B	$1.7B	$12.6B
Q3 24	$10.0B	$509M	$10.5B
Q4 24	$13.8B	$12.5B	$26.3B
Q1 25	$10.1B	$13.5B	$23.7B
Q2 25	$7.1B	$15.9B	$23.0B
Q3 25	$6.2B	$16.8B	$23.0B
Q4 25	$10.9B	$18.5B	$29.4B
Q1 26	$9.4B	$0	$9.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	565M	-1.3%	-4.0%
Q3 19	569M	+0.7%	-2.0%
Q4 19	565M	-0.6%	-2.1%
Q2 20	566M	+0.2%	-1.0%
Q4 20	575M	+1.6%	+1.9%
Q4 21	590M	+2.6%	+3.8%
Q3 22	596M	+1.0%	+5.5%
Q1 23	603M	+1.0%	+6.4%
Q2 23	606M	+0.5%	+5.2%
Q3 23	607M	+0.3%	+2.9%
Q2 24	616M	+1.5%	+3.4%
Q3 24	619M	+0.4%	+2.7%
Q4 24	718M	+16.0%	+18.6%
Q2 25	757M	+5.4%	+24.6%
Q3 25	757M	+0.0%	+22.8%
Q1 26	818M	+8.1%	+32.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$102.9K	153K
Q3 19	$130.6K	153K
Q4 19	$111.2K	161K
Q2 20	$73.3K	161K
Q4 20	$107.8K	142K
Q4 21	$104.2K	142K
Q3 22	$112.4K	142K
Q1 23	$114.9K	156K
Q2 23	$126.6K	156K
Q3 23	$116.1K	156K
Q2 24	$98.1K	172K
Q3 24	$103.7K	172K
Q4 24	$88.6K	172K
Q2 25	$132.3K	172K
Q3 25	$135.3K	172K
Q1 26	$122.1K	182K

Revenue / Employee