The Boeing CompanyBA
NYSE•Industrials•Aerospace & Defense
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Company was incorporated in 1916 and is based in Arlington, Virginia.
Boeing Company (The) (BA) reported trailing twelve months revenue of $92.18B as of March 2026, a 32.7% increase year-over-year. Quarterly revenue reached $22.22B, reflecting continued top-line momentum.
Boeing Company (The) generated $2.27B in TTM net income, with quarterly EBITDA of $1.02B. The operating margin contracted from 2.4% to 2.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (2.0%) and net margin (-0.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -0.2% a year ago, signaling stronger bottom-line efficiency.
BA trades at a P/E of 65.7x (a premium multiple) and a P/S of 1.6x. The price-to-book ratio of 24.9x indicates a significant premium over book value.
The company reported negative free cash flow of $-1.45B, indicating cash consumption over the period. The balance sheet shows $164.79B in total assets with $46.96B in long-term debt against $5.99B in stockholders equity for a debt-to-equity ratio of 7.8, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -5.5%. The business may lack pricing power or face rising costs.'
Limited ROE data for a reliable assessment.
Only 2 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 5 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 27.9% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation