SuperworthBoeing BA
- Market cap
- $148.9B
- PE
- 81.5×
- 10y median 24.0×
- Forward PE
- 197×
- 10y median 26.4×
- Price to sales
- 1.6×
- EV/EBIT
- 37.7×
- Revenue, 12 months
- $94B
- +25% on a year ago
- Net margin
- 2.6%
- Free cash flow yield
- −0.1%
Boeing trades at 81.5× trailing earnings, pricier than 81% of the last ten years. Revenue was $94B over the last twelve months, up 25% on a year earlier with a 3% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $18.1B+14% | $22B+10% | $16.6B−8% | $16.9B−15% | $17.8B−2% | $15.2B−31% | $19.5B+18% | $22.7B+35% | $23.3B+30% | $23.9B+57% | $22.2B+14% | $24.6B+8% | |
| Cost of revenue | $16.9B+1% | $19.3B+7% | $14.7B−8% | $15.6B−12% | $21.3B+26% | $16.8B−13% | $17.1B+16% | $20.3B+30% | $25.6B+20% | $22.1B+32% | $19.7B+15% | $22.1B+9% |
| Gross profit | $1.2B | $2.7B+45% | $1.9B−2% | $1.2B−37% | −$3.5B | −$1.6B | $2.4B+29% | $2.4B+98% | −$2.4B−32% | $1.8B | $2.5B+5% | $2.4B−1% |
| R&D | $958M+32% | $881M+11% | $868M+17% | $954M+20% | $1.2B+21% | $836M−5% | $844M−3% | $910M−5% | $897M−22% | $964M+15% | $903M+7% | $921M+1% |
| SG&A | $1B−15% | $1.5B+7% | $1.2B−11% | $1.4B+7% | $1.1B+4% | $1.4B−9% | $1.1B−4% | $1.8B+30% | $1.5B+40% | $1.7B+19% | $1.2B+8% | $1.4B−20% |
| −$808M−71% | $283M | −$86M−42% | −$1.1B+1001% | −$5.8B+613% | −$3.8B | $461M | −$176M−84% | −$4.8B−17% | $8.8B | $448M−3% | $156M | |
| Interest expense | $589M−6% | $600M−6% | $569M−12% | $673M+8% | $728M+24% | $755M+26% | $708M+24% | $710M+6% | $694M−5% | $659M−13% | $616M−13% | $600M−16% |
| Pre-tax income | −$1.1B−65% | −$9M−99% | −$378M−24% | −$1.5B+279% | −$6.2B+466% | −$4.1B+45378% | $76M | −$561M−63% | −$5.2B−17% | $8.3B | $26M−66% | −$365M−35% |
| $538M+206% | $21M+50% | −$23M−68% | −$76M−70% | −$50M | −$232M | $107M | $51M | $140M | $99M | $33M−69% | $63M+24% | |
| Net income | −$1.6B−50% | −$23M−96% | −$343M−17% | −$1.4B+866% | −$6.2B+277% | −$3.9B+16704% | −$37M−89% | −$611M−58% | −$5.3B−14% | $8.2B | −$4M−89% | −$444M−27% |
| −$2.70−51% | −$0.04−96% | −$0.56−19% | −$2.33+832% | −$9.97+269% | −$5.46+13550% | −$0.16−71% | −$0.92−61% | −$7.14−28% | $10.23 | −$0.11−31% | −$0.67−27% | |
| 606.9M+2% | 609.5M+2% | 612.9M+2% | 616.3M+2% | 618.6M+2% | 718.1M+18% | 753.4M+23% | 756.6M+23% | 759.9M+23% | 803.8M+12% | 788M+5% | 790.6M+5% |
Net income: 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: Q4 FY08: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release. Q4 FY17: quarter's net income to common over its shares, to the cent.
Diluted shares: 6 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release. 9 periods, Q4 FY10 to Q4 FY18: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY19 and Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $23.9B | $23B to $25.3B | −$0.26 | −$0.49 to −$0.01 | 14 |
| Q4 FY26 | $26.3B | $25.1B to $28.8B | $0.06 | −$0.04 to $0.26 | 14 |
| Q1 FY27 | $26.3B | $25.1B to $28.7B | $0.48 | $0.45 to $0.53 | 8 |
| Q2 FY27 | $27.3B | $26B to $29.8B | $0.71 | $0.67 to $0.80 | 6 |
| Q3 FY27 | $28.6B | $27.2B to $31.1B | $1.13 | $1.06 to $1.26 | 6 |
| Q4 FY27 | $30.6B | $29.2B to $33.4B | $1.47 | $1.38 to $1.64 | 12 |
| Q1 FY28 | $29.1B | $27.7B to $31.7B | $1.59 | $1.49 to $1.77 | 13 |
| Q2 FY28 | $30.6B | $29.1B to $33.3B | $1.75 | $1.65 to $1.96 | 7 |
Peers
Companies in Aerospace & Defense nearest Boeing's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| BABoeing | $148.9B | 81.5× | 24.0× | 197× | 1.6× | +25% | 2.6% |
| LMTLockheed Martin | $139.4B | 21.5× | 18.7× | 19.2× | 1.8× | +8% | 8.2% |
| GDGeneral Dynamics | $94.5B | 21.3× | 19.4× | 20.0× | 1.7× | +9% | 8.2% |
| RTXRTX | $257.4B | 31.0× | 28.9× | 24.7× | 2.7× | +12% | n/m |
| NOCNorthrop Grumman | $78.3B | 17.5× | 19.5× | 18.9× | 1.8× | +6% | 10.5% |
| GEGE Aerospace | $296.4B | 32.5× | 19.6× | 32.2× | 5.6× | +20% | 17.5% |
| HWMHowmet Aerospace | $74.1B | 40.1× | 40.9× | 31.5× | 8.1× | +18% | 20.5% |
| TDGTransDigm | $61.1B | 33.5× | 42.3× | 23.6× | 6.1× | +17% | 21.3% |
| HONAHoneywell Aerospace | $51.8B | n/m | n/a | 20.1× | n/m | n/m | n/m |
| LHXL3Harris Technologies | $47.3B | 25.6× | 30.1× | 20.6× | n/m | n/m | n/m |
| HEIHEICO | $41.6B | 49.5× | 59.3× | 42.8× | 8.0× | +21% | 16.4% |
| Peer median | $76.2B | 31.0× | 28.9× | 22.1× | 4.2× | +14% | 16.4% |
Investors who own it
Investors we follow who held Boeing at the end of Jun 30, 2026, from their 13F filings.
- David TepperAppaloosa2.3% of portfolionew
- Andreas HalvorsenViking Global Investors2.0% of portfolioadded
More on Boeing
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Aerospace & Defense
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .