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BA · NYSE · United States · Aircraft
In shortBOEING CO is profitable, burns cash and carries heavy debt, with revenue growing (+34.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.8% | 33/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.5% | 30/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 289.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.1% | 41/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.19× | 32/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 9.92× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.96× | 1/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.54× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.33 | 6/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -2.1% | 12/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.84× | 0/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 17.8% | 45/100 |
| Operating margin volatility | 7.6% | 40/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 10.3% | 74/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 62,286 | 66,608 | 77,794 | 66,517 | 89,463 |
| Cost of revenue | 59,237 | 63,078 | 70,070 | 68,508 | 85,174 |
| Gross profit | 3,049 | 3,530 | 7,724 | (1,991) | 4,289 |
| Research & development | 2,249 | 2,852 | 3,377 | 3,812 | 3,615 |
| Operating income | (2,870) | (3,519) | (773) | (10,707) | 4,281 |
| Interest expense | 2,714 | 2,561 | 2,459 | 2,725 | 2,771 |
| Pre-tax income | (5,033) | (5,022) | (2,005) | (12,210) | 2,635 |
| Income tax | (743) | 31 | 237 | (381) | 397 |
| Net income | (4,202) | (4,935) | (2,222) | (11,817) | 2,235 |
| Diluted EPS | −$7.15 | −$8.30 | −$3.67 | −$18.36 | $2.48 |
| Diluted shares (millions) | 588 | 595 | 606 | 647 | 762 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.33 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 28, 2026