SuperworthBoeing profit margin BA
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 2.6%
- Operating margin, 12 months
- 4.9%
- Net margin on a year earlier
- +16.8 pts
- Peer median
- 16.4%
Over the twelve months to Jun 30, 2026, Boeing kept 2.6% of its revenue as net profit, with an operating margin of 4.9% and a gross margin of 4.7%.
Five years earlier its net margin was −14.3%.
The median for 10 aerospace and defense stocks of a similar size is 16.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 2.5% | 4.8% | 4.8% |
| FY2024 | −17.8% | −16.1% | −3.0% |
| FY2023 | −2.9% | −1.0% | 9.9% |
| FY2022 | −7.4% | −5.3% | 5.3% |
| FY2021 | −6.7% | −4.7% | 4.8% |
| FY2020 | −20.4% | −22.0% | −9.8% |
| FY2019 | −0.8% | −2.6% | 5.8% |
| FY2018 | 10.3% | 11.9% | 19.4% |
| FY2017 | 9.0% | 11.0% | 18.5% |
| FY2016 | 5.2% | 6.2% | 14.6% |
| FY2015 | 5.4% | 7.7% | 14.6% |
| FY2014 | 6.0% | 8.2% | 15.4% |
| FY2013 | 5.3% | 7.6% | 15.4% |
| FY2012 | 4.8% | 7.7% | 16.0% |
| FY2011 | 5.8% | 8.5% | 18.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 2.6% | +16.8 pts | 4.9% | |
| Q1 FY26 | 2.5% | +19.0 pts | 4.6% | |
| Q4 FY25 | 2.5% | +20.3 pts | 4.8% | |
| Q3 FY25 | −12.2% | −1.3 pts | −10.2% | |
| Q2 FY25 | −14.2% | −9.5 pts | −12.3% | |
| Q1 FY25 | −16.6% | −13.8 pts | −14.6% | |
| Q4 FY24 | −17.8% | −14.9 pts | −16.1% | |
| Q3 FY24 | −10.9% | −7.1 pts | −9.1% | |
| Q2 FY24 | −4.7% | +1.4 pts | −2.3% | |
| Q1 FY24 | −2.8% | +3.0 pts | −0.9% | |
| Q4 FY23 | −2.9% | +4.6 pts | −1.0% | |
| Q3 FY23 | −3.7% | +10.0 pts | −1.8% |
Against its peers
Companies in Aerospace & Defense nearest Boeing's size, closest first, today.
| Company | Profit margin |
|---|---|
| BABoeing | 2.6% |
| LMTLockheed Martin | 8.2% |
| GDGeneral Dynamics | 8.2% |
| RTXRTX | n/m |
| NOCNorthrop Grumman | 10.5% |
| GEGE Aerospace | 17.5% |
| HWMHowmet Aerospace | 20.5% |
| TDGTransDigm | 21.3% |
| HONAHoneywell Aerospace | n/m |
| LHXL3Harris Technologies | n/m |
| HEIHEICO | 16.4% |
| Peer median | 16.4% |
Where Boeing ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Boeing
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.