BA (The Boeing Company) Stock Financials & Earnings | Market Cap Arena

Market CapArena

BA (The Boeing Company) Stock Financials & Earnings | Market Cap Arena

BAThe Boeing Company

Mkt Cap$177B

BAThe Boeing Company

$177B

Company Info & Key Metrics

Industrials Aerospace & Defense

Country🇺🇸 United States

ExchangeNYSE

Revenue$23.9B

YoY Growth+57.1%

QoQ Growth+2.9%

Net Income$8.2B

EPS$10.23

Free Cash Flow-$1.2B

Gross Margin7.6%

Op. Margin-3.4%

Net Margin34.3%

FCF Margin-4.9%

Rev Multiple (TTM)2.0x

P/E Ratio (TTM)79.1x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$17.9B	$1.9B	-$128M
Q2 23	$19.8B	$1.9B	-$141M
Q3 23	$18.1B	$1.2B	-$831M
Q4 23	$22.0B	$2.7B	$287M
Q1 24	$16.6B	$1.9B	-$144M
Q2 24	$16.9B	$1.2B	-$1.1B
Q3 24	$17.8B	-$3.5B	-$5.7B
Q4 24	$15.2B	-$1.6B	-$3.8B
Q1 25	$19.5B	$2.4B	$484M
Q2 25	$22.7B	$2.5B	-$255M
Q3 25	$23.3B	-$2.4B	-$4.8B
Q4 25	$23.9B	$1.8B	-$815M

Valuation

Quarter	P/S	P/E
Q1 23	2.5x	—
Q2 23	2.4x	—
Q3 23	2.3x	—
Q4 23	2.3x	—
Q1 24	2.3x	—
Q2 24	2.4x	—
Q3 24	2.4x	—
Q4 24	2.7x	—
Q1 25	2.5x	—
Q2 25	2.3x	—
Q3 25	2.2x	—
Q4 25	2.0x	79.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$318M	-$786M
Q2 23	$2.9B	$2.6B
Q3 23	$22M	-$310M
Q4 23	$3.4B	$3.0B
Q1 24	-$3.4B	-$3.9B
Q2 24	-$3.9B	-$4.4B
Q3 24	-$1.3B	-$2.0B
Q4 24	-$3.5B	-$4.1B
Q1 25	-$1.6B	-$2.3B
Q2 25	$227M	-$200M
Q3 25	$1.1B	$1.8B
Q4 25	$1.3B	-$1.2B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$468M
Q2 23	$296M
Q3 23	$332M
Q4 23	$431M
Q1 24	$567M
Q2 24	$492M
Q3 24	$611M
Q4 24	$648M
Q1 25	$674M
Q2 25	$427M
Q3 25	$674M
Q4 25	$2.5B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+28.1%	+19.2%
Q2 23	+18.4%	+24.9%
Q3 23	+13.5%	+1.1%
Q4 23	+10.2%	+6.8%
Q1 24	-7.5%	-7.4%
Q2 24	-14.6%	-9.8%
Q3 24	-1.5%	+24.6%
Q4 24	-30.8%	-12.3%
Q1 25	+17.7%	+13.8%
Q2 25	+34.9%	+28.2%
Q3 25	+30.4%	+19.0%
Q4 25	+57.1%	+29.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$222M	1.2%
Q2 23	$159M	0.8%
Q3 23	$167M	0.9%
Q4 23	$460M	2.1%
Q1 24	$119M	0.7%
Q2 24	$89M	0.5%
Q3 24	$102M	0.6%
Q4 24	$97M	0.6%
Q1 25	$135M	0.7%
Q2 25	$119M	0.5%
Q3 25	$89M	0.4%
Q4 25	$83M	0.3%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 23	$741M	—	$1.3B
Q2 23	$797M	—	$1.3B
Q3 23	$958M	—	$1.0B
Q4 23	$881M	—	$1.5B
Q1 24	$868M	$1.2B	—
Q2 24	$954M	$1.4B	—
Q3 24	$1.2B	$1.1B	—
Q4 24	$836M	$1.4B	—
Q1 25	$844M	$1.1B	—
Q2 25	$910M	$1.8B	—
Q3 25	$897M	$1.5B	—
Q4 25	$964M	$1.7B	—

Revenue Segments

Quarter	Boeing Defense Space Security Segment	Commercial Airplanes Segment	Global Services
Q1 23	$6.5B	$6.7B	$4.7B
Q2 23	$6.2B	$8.8B	$4.7B
Q3 23	$5.5B	$7.9B	$4.8B
Q4 23	$6.7B	$10.5B	$4.8B
Q1 24	$7.0B	$4.7B	$5.0B
Q2 24	$6.0B	$6.0B	$4.9B
Q3 24	$5.5B	$7.4B	$4.9B
Q4 24	$5.4B	$4.8B	$5.1B
Q1 25	$6.3B	$8.1B	$5.1B
Q2 25	$6.6B	$10.9B	$5.3B
Q3 25	$6.9B	$11.1B	$5.4B

War Chest

Quarter	Cash	Short-term Investments	Total
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	$9.1B	$20.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	603M	+0.6%
Q2 23	606M	+0.5%
Q3 23	607M	+0.3%
Q4 23	610M	+0.4%
Q1 24	613M	+0.6%
Q2 24	616M	+0.6%
Q3 24	619M	+0.4%
Q4 24	718M	+16.0%
Q1 25	753M	+4.9%
Q2 25	757M	+0.4%
Q3 25	757M	+0.0%
Q4 25	795M	+5.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$548K	166K
FY 15	$596K	161K
FY 16	$628K	151K
FY 17	$668K	141K
FY 18	$661K	153K
FY 19	$475K	161K
FY 20	$410K	142K
FY 21	$439K	142K
FY 22	$427K	156K
FY 23	$452K	172K
FY 24	$387K	172K
FY 25	$28M	3K