Boeing (BA) Financials

$207.48 +2.23 (+1.09%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for Boeing

This table shows Boeing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-11,817	-2,222	-4,935	-4,202	-11,873	-636	10,460	8,458	5,034	5,176
Consolidated Net Income / (Loss)	-11,829	-2,242	-5,053	-4,290	-11,941	-636	10,460	8,458	5,034	5,176
Net Income / (Loss) Continuing Operations	-11,829	-2,242	-5,053	-4,290	-11,941	-636	10,460	8,458	5,034	5,176
Total Pre-Tax Income	-12,210	-2,005	-5,022	-5,033	-14,476	-2,259	11,604	10,107	5,783	7,155
Total Operating Income	-10,707	-773	-3,519	-2,870	-12,767	-1,975	11,987	10,344	6,527	7,443
Total Gross Profit	-1,991	7,724	3,530	3,049	-5,685	4,466	19,637	17,393	14,470	14,026
Total Revenue	66,517	77,794	66,608	62,286	58,158	76,559	101,127	94,005	93,496	96,114
Operating Revenue	66,517	77,794	66,608	62,286	58,158	76,559	101,127	94,005	93,496	96,114
Total Cost of Revenue	68,508	70,070	63,078	59,237	63,843	72,093	81,490	76,612	79,026	82,088
Operating Cost of Revenue	68,508	70,070	63,078	59,237	63,843	72,093	81,490	76,612	79,026	82,088
Total Operating Expenses	8,716	8,497	7,049	5,919	7,082	6,441	7,650	7,049	7,943	6,583
Selling, General & Admin Expense	5,021	5,168	4,187	4,157	4,817	3,909	4,567	4,095	3,613	3,525
Research & Development Expense	3,812	3,377	2,852	2,249	2,476	3,219	3,269	3,179	4,626	3,331
Other Operating Expenses / (Income)	-71	-46	16	-210	-9.00	4.00	-111	-204	-303	-274
Other Special Charges / (Income)	-46	-2.00	-6.00	-277	-202	-691	-75	-21	7.00	1.00
Total Other Income / (Expense), net	-1,503	-1,232	-1,503	-2,163	-1,709	-284	-383	-237	-744	-288
Interest Expense	2,725	2,459	2,561	2,714	2,156	722	475	360	306	275
Other Income / (Expense), net	1,222	1,227	1,058	551	447	438	92	123	-438	-13
Income Tax Expense	-381	237	31	-743	-2,535	-1,623	1,144	1,649	749	1,979
Net Income / (Loss) Attributable to Noncontrolling Interest	-12	-20	-118	-88	-68	0.00	0.00	-	-	-
Basic Earnings per Share	($18.36)	($3.67)	($8.30)	($7.15)	($20.88)	($1.12)	$18.05	$14.03	$7.92	$7.52
Weighted Average Basic Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	602.50M	612.48M	662.50M
Diluted Earnings per Share	($18.36)	($3.67)	($8.30)	($7.15)	($20.88)	($1.12)	$17.85	$13.85	$7.83	$7.44
Weighted Average Diluted Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	602.50M	612.48M	662.50M
Weighted Average Basic & Diluted Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	602.50M	612.48M	662.50M

This table shows Boeing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-37	-3,865	-6,170	-1,439	-343	-23	-1,636	-149	-414	-634	-3,275
Consolidated Net Income / (Loss)	-31	-3,861	-6,174	-1,439	-355	-30	-1,638	-149	-425	-663	-3,308
Net Income / (Loss) Continuing Operations	-31	-3,861	-6,174	-1,439	-355	-30	-1,638	-149	-425	-663	-3,308
Total Pre-Tax Income	76	-4,093	-6,224	-1,515	-378	-9.00	-1,100	-400	-496	-649	-3,132
Total Operating Income	461	-3,770	-5,761	-1,090	-86	283	-808	-99	-149	-345	-2,792
Total Gross Profit	2,417	-1,589	-3,507	1,229	1,876	2,697	1,165	1,939	1,923	1,864	-815
Total Revenue	19,496	15,242	17,840	16,866	16,569	22,018	18,104	19,751	17,921	19,980	15,956
Operating Revenue	19,496	15,242	17,840	16,866	16,569	22,018	18,104	19,751	17,921	19,980	15,956
Total Cost of Revenue	17,079	16,831	21,347	15,637	14,693	19,321	16,939	17,812	15,998	18,116	16,771
Operating Cost of Revenue	17,079	16,831	21,347	15,637	14,693	19,321	16,939	17,812	15,998	18,116	16,771
Total Operating Expenses	1,956	2,181	2,254	2,319	1,962	2,414	1,973	2,038	2,072	2,209	1,977
Selling, General & Admin Expense	1,112	1,398	1,085	1,377	1,161	1,535	1,043	1,286	1,304	1,430	1,226
Research & Development Expense	844	836	1,154	954	868	881	958	797	741	794	727
Other Operating Expenses / (Income)	-3.00	-12	15	-7.00	-67	-1.00	-28	-44	27	-11	24
Other Special Charges / (Income)	3.00	-	0.00	-5.00	-	-	0.00	-1.00	-	-4.00	0.00
Total Other Income / (Expense), net	-385	-323	-463	-425	-292	-292	-292	-301	-347	-304	-340
Interest Expense	708	755	728	673	569	600	589	621	649	640	628
Other Income / (Expense), net	323	432	265	248	277	308	297	320	302	336	288
Income Tax Expense	107	-232	-50	-76	-23	21	538	-251	-71	14	176
Net Income / (Loss) Attributable to Noncontrolling Interest	6.00	4.00	-4.00	0.00	-12	-7.00	-2.00	0.00	-11	-29	-33
Basic Earnings per Share	($0.16)	($5.50)	($9.97)	($2.33)	($0.56)	($0.03)	($2.70)	($0.25)	($0.69)	($1.07)	($5.49)
Weighted Average Basic Shares Outstanding	754.01M	750.07M	618.20M	616.17M	613.88M	610.14M	604.98M	603.20M	601.59M	598.24M	595.98M
Diluted Earnings per Share	($0.16)	($5.50)	($9.97)	($2.33)	($0.56)	($0.03)	($2.70)	($0.25)	($0.69)	($1.07)	($5.49)
Weighted Average Diluted Shares Outstanding	754.01M	750.07M	618.80M	616.60M	613.20M	610.14M	607.20M	605.50M	602.50M	598.24M	596.30M
Weighted Average Basic & Diluted Shares Outstanding	754.01M	750.07M	618.20M	616.17M	613.88M	610.14M	604.98M	603.20M	601.59M	598.24M	595.98M

This table details how cash moves in and out of Boeing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	1,109	-1,934	6,543	269	-1,736	1,758	-1,074	18	-2,502	-431
Net Cash From Operating Activities	-12,080	5,960	3,512	-3,416	-18,410	-2,446	15,322	13,346	10,496	9,363
Net Cash From Continuing Operating Activities	-12,080	5,960	3,512	-3,416	-18,410	-2,446	15,322	13,346	10,496	9,363
Net Income / (Loss) Continuing Operations	-11,829	-2,242	-5,053	-4,290	-11,941	-636	10,460	8,458	5,034	5,176
Consolidated Net Income / (Loss)	-11,829	-2,242	-5,053	-4,290	-11,941	-636	10,460	8,458	5,034	5,176
Depreciation Expense	1,836	1,861	1,979	2,144	2,246	2,271	2,114	2,047	1,889	1,833
Non-Cash Adjustments To Reconcile Net Income	7,193	2,823	2,589	5,917	8,620	548	464	589	651	559
Changes in Operating Assets and Liabilities, net	-9,280	3,518	3,997	-7,187	-17,335	-4,629	2,284	2,252	2,922	1,795
Net Cash From Investing Activities	-11,973	-2,437	4,370	9,324	-18,366	-1,530	-4,621	-2,058	-3,378	-1,846
Net Cash From Continuing Investing Activities	-11,973	-2,437	4,370	9,324	-18,366	-1,530	-4,621	-2,058	-3,378	-1,846
Purchase of Property, Plant & Equipment	-2,230	-1,527	-1,222	-980	-1,303	-1,834	-1,722	-1,739	-2,613	-2,450
Acquisitions	-50	-70	0.00	-6.00	0.00	-582	-3,299	-455	-297	-31
Purchase of Investments	-13,856	-16,448	-5,051	-35,713	-37,616	-1,658	-2,607	-3,569	-1,719	-2,036
Sale of Property, Plant & Equipment	49	27	35	529	296	334	120	92	38	42
Divestitures	124	0.00	0.00	-	-	464	0.00	0.00	-	-
Sale and/or Maturity of Investments	4,743	15,739	10,619	45,489	20,275	1,759	2,898	3,607	1,206	2,590
Other Investing Activities, net	-753	-158	-11	5.00	-18	-13	-11	6.00	7.00	39
Net Cash From Financing Activities	25,209	-5,487	-1,266	-5,600	34,955	5,739	-11,722	-11,350	-9,587	-7,920
Net Cash From Continuing Financing Activities	25,209	-5,487	-1,266	-5,600	34,955	5,739	-11,722	-11,350	-9,587	-7,920
Repayment of Debt	-8,726	-5,199	-1,310	-15,371	-10,998	-12,186	-7,183	-953	-1,383	-885
Issuance of Debt	10,161	75	34	9,795	47,248	25,389	8,548	2,077	1,325	1,746
Issuance of Preferred Equity	5,657	0.00	0.00	-	-	-	-	-	-	-
Issuance of Common Equity	18,200	0.00	0.00	-	-	7.00	35	0.00	0.00	-
Other Financing Activities, net	-83	-363	10	-24	-137	-190	-176	179	228	460
Effect of Exchange Rate Changes	-47	30	-73	-39	85	-5.00	-53	80	-	-28

This table details how cash moves in and out of Boeing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-3,659	3,840	-933	3,980	-5,778	5,881	-443	-3,561	-3,811	1,117	3,399
Net Cash From Operating Activities	-1,616	-3,450	-1,345	-3,923	-3,362	3,381	22	2,875	-318	3,457	3,190
Net Cash From Continuing Operating Activities	-1,616	-3,450	-1,345	-3,923	-3,362	3,381	22	2,875	-318	3,457	3,190
Net Income / (Loss) Continuing Operations	-31	-3,861	-6,174	-1,439	-355	-30	-1,638	-149	-425	-663	-3,308
Consolidated Net Income / (Loss)	-31	-3,861	-6,174	-1,439	-355	-30	-1,638	-149	-425	-663	-3,308
Depreciation Expense	466	509	444	441	442	481	467	456	457	502	493
Non-Cash Adjustments To Reconcile Net Income	674	2,249	3,788	400	756	1,085	454	465	819	630	623
Changes in Operating Assets and Liabilities, net	-2,725	-2,347	597	-3,325	-4,205	1,845	739	2,103	-1,169	2,988	5,382
Net Cash From Investing Activities	-1,717	-12,626	679	-2,100	2,074	2,804	-403	-3,015	-1,823	-2,151	290
Net Cash From Continuing Investing Activities	-1,717	-12,626	679	-2,100	2,074	2,804	-403	-3,015	-1,823	-2,151	290
Purchase of Property, Plant & Equipment	-674	-648	-611	-404	-567	-431	-332	-296	-468	-326	-284
Purchase of Investments	-8,797	-12,105	-134	-1,374	-243	-1,963	-4,989	-5,935	-3,561	-2,278	-302
Sale of Property, Plant & Equipment	3.00	3.00	16	19	11	8.00	6.00	8.00	5.00	16	3.00
Sale and/or Maturity of Investments	7,750	197	1,373	266	2,907	5,242	4,930	3,364	2,203	437	886
Other Investing Activities, net	1.00	-197	35	-557	-34	-1.00	1.00	-156	-2.00	-	-13
Net Cash From Financing Activities	-338	19,971	-300	10,000	-4,462	-356	-38	-3,413	-1,680	-250	-18
Net Cash From Continuing Financing Activities	-338	19,971	-300	10,000	-4,462	-356	-38	-3,413	-1,680	-250	-18
Repayment of Debt	-281	-3,917	-325	-60	-4,424	-20	-52	-3,428	-1,699	-272	-25
Payment of Dividends	-72	-	-	-	-	-	-	-	-	-	-
Issuance of Debt	29	41	31	10,062	27	20	17	21	17	15	4.00
Other Financing Activities, net	-14	-10	-6.00	-2.00	-65	-356	-3.00	-6.00	2.00	7.00	3.00
Effect of Exchange Rate Changes	12	-55	33	3.00	-28	52	-24	-8.00	10	61	-63

This table presents Boeing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	156,363	137,012	137,100	138,552	152,136	133,625	117,359	112,362	89,997	94,408
Total Current Assets	127,998	109,275	109,523	108,666	121,642	102,229	87,830	85,194	62,488	68,234
Cash & Equivalents	13,801	12,691	14,614	8,052	7,752	9,485	7,637	8,813	8,801	11,302
Short-Term Investments	12,481	3,274	2,606	8,192	17,838	545	927	1,179	1,228	750
Note & Lease Receivable	207	99	154	117	101	162	460	309	428	212
Accounts Receivable	10,994	10,966	11,151	11,261	9,950	12,309	13,904	11,088	8,832	8,713
Inventories, net	87,550	79,741	78,151	78,823	81,715	76,622	62,567	61,388	43,199	47,257
Other Current Assets	2,965	2,504	2,847	2,221	4,286	3,106	2,335	2,417	-	-
Plant, Property, & Equipment, net	11,412	10,661	10,550	10,918	11,820	12,502	12,645	12,672	12,807	12,076
Total Noncurrent Assets	16,953	17,076	17,027	18,968	17,945	18,314	16,884	14,496	14,702	14,098
Long-Term Investments	999	1,035	983	975	1,016	1,092	1,087	1,260	1,317	1,284
Noncurrent Note & Lease Receivables	314	860	1,450	1,695	1,936	2,136	2,418	2,756	3,773	3,358
Goodwill	8,084	8,093	8,057	8,068	8,081	8,060	7,840	5,559	5,324	5,126
Intangible Assets	1,957	2,094	2,311	2,562	2,114	2,758	3,429	2,573	2,540	2,657
Noncurrent Deferred & Refundable Income Taxes	185	59	63	77	86	683	284	321	332	265
Other Noncurrent Operating Assets	5,414	4,935	4,163	5,591	4,712	3,585	1,826	2,027	1,416	1,408
Total Liabilities & Shareholders' Equity	156,363	137,012	137,100	138,552	152,136	133,625	117,359	112,362	89,997	94,408
Total Liabilities	160,277	154,240	152,948	153,398	170,211	141,925	116,949	110,649	89,120	88,011
Total Current Liabilities	97,078	95,827	90,052	81,992	87,280	97,312	81,590	74,648	50,134	50,412
Short-Term Debt	1,278	5,204	5,190	1,296	1,693	7,340	3,190	1,335	384	1,234
Accounts Payable	11,364	11,964	10,200	9,261	12,928	15,553	12,916	12,202	11,190	10,800
Accrued Expenses	24,103	22,331	21,581	18,455	22,171	22,868	14,808	13,069	14,691	14,014
Current Deferred Revenue	60,333	56,328	53,081	52,980	50,488	51,551	50,676	48,042	23,869	24,364
Total Noncurrent Liabilities	63,199	58,413	62,896	71,406	82,931	44,613	35,359	36,001	38,986	37,599
Long-Term Debt	52,586	47,103	51,811	56,806	61,890	19,962	10,657	9,782	9,568	8,730
Noncurrent Deferred & Payable Income Tax Liabilities	122	229	230	218	1,010	413	1,736	2,188	1,338	2,392
Noncurrent Employee Benefit Liabilities	8,173	8,749	8,644	12,632	18,545	20,816	19,907	22,016	25,859	24,399
Other Noncurrent Operating Liabilities	2,318	2,332	2,211	1,750	1,486	3,422	3,059	2,015	2,221	2,078
Total Equity & Noncontrolling Interests	-3,914	-17,228	-15,848	-14,846	-18,075	-8,300	410	1,713	877	6,397
Total Preferred & Common Equity	-3,908	-17,233	-15,883	-14,999	-18,316	-8,617	339	1,656	817	6,335
Preferred Stock	6.00	0.00	-	-	-	-	-	-	-	-
Total Common Equity	-3,914	-17,233	-15,883	-14,999	-18,316	-8,617	339	1,656	817	6,335
Common Stock	24,025	15,370	15,008	14,113	12,848	11,806	11,829	11,865	9,823	9,895
Retained Earnings	15,362	27,251	29,473	34,408	38,610	50,644	55,941	49,618	40,714	38,756
Treasury Stock	-32,386	-49,549	-50,814	-51,861	-52,641	-54,914	-52,348	-43,454	-36,097	-29,568
Accumulated Other Comprehensive Income / (Loss)	-10,915	-10,305	-9,550	-11,659	-17,133	-16,153	-15,083	-16,373	-13,623	-12,748
Noncontrolling Interest	-6.00	5.00	35	153	241	317	71	57	60	62

This table presents Boeing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	156,494	156,363	137,695	142,720	134,484	137,012	134,281	134,774	136,347	137,100	137,558
Total Current Assets	127,662	127,998	109,436	114,439	106,532	109,275	106,935	107,412	108,811	109,523	109,251
Cash & Equivalents	10,142	13,801	9,961	10,894	6,914	12,691	6,811	7,254	10,812	14,614	13,494
Short-Term Investments	13,532	12,481	509	1,727	615	3,274	6,561	6,508	3,955	2,606	763
Note & Lease Receivable	202	207	457	60	57	99	88	85	133	154	155
Accounts Receivable	12,235	10,994	12,250	12,815	12,632	10,966	12,216	12,302	12,551	11,151	11,989
Inventories, net	89,077	87,550	83,341	85,661	83,471	79,741	78,972	78,322	78,503	78,151	79,777
Other Current Assets	2,474	2,965	2,918	3,282	2,843	2,504	2,287	2,941	2,857	2,847	3,073
Plant, Property, & Equipment, net	11,459	11,412	11,236	10,976	10,696	10,661	10,484	10,455	10,493	10,550	10,508
Total Noncurrent Assets	17,373	16,953	17,023	17,305	17,256	17,076	16,862	16,907	17,043	17,027	17,799
Long-Term Investments	1,001	999	1,030	1,026	1,042	1,035	1,061	1,025	969	983	979
Noncurrent Note & Lease Receivables	308	314	321	785	833	860	963	1,105	1,372	1,450	1,513
Goodwill	8,091	8,084	8,112	8,108	8,089	8,093	8,069	8,061	8,063	8,057	8,045
Intangible Assets	1,904	1,957	2,011	2,067	2,034	2,094	2,143	2,194	2,254	2,311	2,371
Noncurrent Deferred & Refundable Income Taxes	137	185	44	0.00	68	59	64	66	65	63	77
Other Noncurrent Operating Assets	5,932	5,414	5,505	5,319	5,190	4,935	4,562	4,456	4,320	4,163	4,814
Total Liabilities & Shareholders' Equity	156,494	156,363	137,695	142,720	134,484	137,012	134,281	134,774	136,347	137,100	137,558
Total Liabilities	159,819	160,277	161,257	160,702	151,500	154,240	150,998	150,267	151,831	152,948	155,193
Total Current Liabilities	103,654	97,078	97,300	96,630	93,258	95,827	93,062	92,076	93,510	90,052	89,618
Short-Term Debt	7,930	1,278	4,474	4,765	1,063	5,204	4,891	4,609	7,926	5,190	5,431
Accounts Payable	11,034	11,364	12,267	11,864	11,616	11,964	11,143	10,936	10,274	10,200	9,793
Accrued Expenses	23,576	24,103	22,628	21,850	21,607	22,331	21,104	21,221	20,812	21,581	21,217
Current Deferred Revenue	61,114	60,333	57,931	58,151	58,972	56,328	55,924	55,310	54,498	53,081	53,177
Total Noncurrent Liabilities	56,165	63,199	63,957	64,072	58,242	58,413	57,936	58,191	58,321	62,896	65,575
Long-Term Debt	45,688	52,586	53,176	53,162	46,877	47,103	47,381	47,659	47,465	51,811	51,788
Noncurrent Deferred & Payable Income Tax Liabilities	162	122	249	291	223	229	218	95	194	230	230
Noncurrent Employee Benefit Liabilities	8,055	8,173	8,218	8,407	8,596	8,749	8,098	8,279	8,464	8,644	11,307
Other Noncurrent Operating Liabilities	2,260	2,318	2,314	2,212	2,546	2,332	2,239	2,158	2,198	2,211	2,250
Total Equity & Noncontrolling Interests	-3,325	-3,914	-23,562	-17,982	-17,016	-17,228	-16,717	-15,493	-15,484	-15,848	-17,635
Total Preferred & Common Equity	-3,325	-3,908	-23,552	-17,976	-17,009	-17,233	-16,729	-15,517	-15,508	-15,883	-17,699
Preferred Stock	6.00	6.00	-	-	-	0.00	-	-	-	-	-
Total Common Equity	-3,331	-3,914	-23,552	-17,976	-17,009	-17,233	-16,729	-15,517	-15,508	-15,883	-17,699
Common Stock	24,069	24,025	15,986	15,788	15,600	15,370	15,677	15,371	15,359	15,008	14,766
Retained Earnings	15,239	15,362	19,299	25,469	26,908	27,251	27,274	28,910	29,059	29,473	30,107
Treasury Stock	-31,879	-32,386	-48,564	-48,841	-49,105	-49,549	-49,972	-	-50,376	-50,814	-51,054
Accumulated Other Comprehensive Income / (Loss)	-10,760	-10,915	-10,273	-10,392	-10,412	-10,305	-9,708	-9,617	-9,550	-9,550	-11,518
Noncontrolling Interest	0.00	-6.00	-10	-6.00	-7.00	5.00	12	24	24	35	64

This table displays calculated financial ratios and metrics derived from Boeing's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.50%	16.79%	6.94%	7.10%	-24.04%	-24.29%	7.58%	0.54%	-2.72%	5.90%
EBITDA Growth	-430.41%	580.29%	-175.43%	98.26%	-1,472.48%	-94.83%	13.42%	56.86%	-13.87%	-1.21%
EBIT Growth	-2,189.21%	118.45%	-6.12%	81.18%	-701.56%	-112.72%	15.40%	71.90%	-18.05%	-0.54%
NOPAT Growth	-1,285.12%	78.03%	-22.61%	77.52%	-546.43%	-112.79%	24.82%	52.36%	5.52%	-5.58%
Net Income Growth	-427.61%	55.63%	-17.79%	64.07%	-1,777.52%	-106.08%	23.67%	68.02%	-2.74%	-4.96%
EPS Growth	-400.27%	55.78%	-16.08%	65.76%	-1,764.29%	-106.27%	28.88%	76.88%	5.24%	0.81%
Operating Cash Flow Growth	-302.68%	69.70%	202.81%	81.44%	-652.66%	-115.96%	14.81%	27.15%	12.10%	5.70%
Free Cash Flow Firm Growth	-379.10%	594.23%	106.32%	50.16%	-385.95%	-152.42%	18.53%	-28.86%	54.41%	-41.77%
Invested Capital Growth	25.39%	-21.22%	-11.86%	43.27%	148.95%	58.49%	191.89%	405.22%	-117.09%	-16.30%
Revenue Q/Q Growth	-9.25%	2.69%	8.45%	-0.81%	-4.29%	-11.99%	3.66%	2.80%	-1.44%	-0.92%
EBITDA Q/Q Growth	-104.08%	33.35%	89.16%	95.68%	-140.03%	-89.50%	9.24%	5.61%	18.88%	-8.71%
EBIT Q/Q Growth	-70.72%	410.96%	61.90%	62.83%	-89.74%	-132.24%	10.97%	6.22%	25.21%	-10.16%
NOPAT Q/Q Growth	-60.91%	44.83%	51.88%	57.67%	-84.44%	-134.13%	1.29%	16.33%	25.61%	-7.83%
Net Income Q/Q Growth	-47.90%	22.02%	40.93%	49.91%	-164.65%	-116.75%	1.00%	22.44%	17.34%	-7.83%
EPS Q/Q Growth	-42.44%	22.08%	41.84%	51.98%	-167.35%	-117.26%	2.59%	23.99%	19.18%	-6.18%
Operating Cash Flow Q/Q Growth	-130.14%	-1.26%	355.51%	58.04%	-10.76%	-189.89%	0.29%	0.56%	-2.69%	-16.71%
Free Cash Flow Firm Q/Q Growth	-97.34%	92.84%	127.45%	13.20%	-19.34%	22.72%	-34.04%	-22.49%	22.07%	-55.46%
Invested Capital Q/Q Growth	0.36%	-14.41%	-5.74%	-4.26%	-11.64%	-17.17%	997.86%	158.27%	-131.62%	-35.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-2.99%	9.93%	5.30%	4.90%	-9.78%	5.83%	19.42%	18.50%	15.48%	14.59%
EBITDA Margin	-11.50%	2.98%	-0.72%	-0.28%	-17.32%	0.96%	14.03%	13.31%	8.53%	9.64%
Operating Margin	-16.10%	-0.99%	-5.28%	-4.61%	-21.95%	-2.58%	11.85%	11.00%	6.98%	7.74%
EBIT Margin	-14.26%	0.58%	-3.69%	-3.72%	-21.18%	-2.01%	11.94%	11.13%	6.51%	7.73%
Profit (Net Income) Margin	-17.78%	-2.88%	-7.59%	-6.89%	-20.53%	-0.83%	10.34%	9.00%	5.38%	5.39%
Tax Burden Percent	96.88%	111.82%	100.62%	85.24%	82.49%	28.15%	90.14%	83.68%	87.05%	72.34%
Interest Burden Percent	128.73%	-441.63%	204.06%	217.03%	117.50%	146.97%	96.07%	96.56%	94.97%	96.30%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.86%	16.32%	12.95%	27.66%
Return on Invested Capital (ROIC)	-36.79%	-2.64%	-10.06%	-9.09%	-70.17%	-23.22%	349.46%	1,631.73%	453.08%	162.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-50.79%	-7.23%	-16.56%	-15.00%	-81.76%	-15.68%	332.46%	1,657.67%	480.26%	167.08%
Return on Net Nonoperating Assets (RNNOA)	148.69%	16.19%	42.98%	35.15%	160.72%	39.35%	635.94%	-978.60%	-314.67%	-94.04%
Return on Equity (ROE)	111.90%	13.56%	32.93%	26.06%	90.55%	16.12%	985.40%	653.13%	138.41%	68.16%
Cash Return on Invested Capital (CROIC)	-59.32%	21.11%	2.55%	-44.66%	-155.54%	-68.48%	251.53%	415.80%	0.00%	179.95%
Operating Return on Assets (OROA)	-6.47%	0.33%	-1.79%	-1.60%	-8.62%	-1.22%	10.52%	10.35%	6.60%	7.93%
Return on Assets (ROA)	-8.06%	-1.64%	-3.67%	-2.95%	-8.36%	-0.51%	9.11%	8.36%	5.46%	5.53%
Return on Common Equity (ROCE)	111.93%	13.57%	33.13%	26.37%	92.46%	16.91%	925.99%	623.62%	136.09%	67.32%
Return on Equity Simple (ROE_SIMPLE)	302.69%	13.01%	31.81%	28.60%	65.19%	7.38%	3,085.55%	510.75%	616.16%	81.70%
Net Operating Profit after Tax (NOPAT)	-7,495	-541	-2,463	-2,009	-8,937	-1,383	10,805	8,656	5,682	5,384
NOPAT Margin	-11.27%	-0.70%	-3.70%	-3.23%	-15.37%	-1.81%	10.68%	9.21%	6.08%	5.60%
Net Nonoperating Expense Percent (NNEP)	14.01%	4.59%	6.50%	5.91%	11.59%	-7.54%	17.00%	-25.94%	-27.18%	-4.87%
Return On Investment Capital (ROIC_SIMPLE)	-15.00%	-1.54%	-5.99%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	102.99%	90.07%	94.70%	95.10%	109.78%	94.17%	80.58%	81.50%	84.52%	85.41%
SG&A Expenses to Revenue	7.55%	6.64%	6.29%	6.67%	8.28%	5.11%	4.52%	4.36%	3.86%	3.67%
R&D to Revenue	5.73%	4.34%	4.28%	3.61%	4.26%	4.20%	3.23%	3.38%	4.95%	3.47%
Operating Expenses to Revenue	13.10%	10.92%	10.58%	9.50%	12.18%	8.41%	7.56%	7.50%	8.50%	6.85%
Earnings before Interest and Taxes (EBIT)	-9,485	454	-2,461	-2,319	-12,320	-1,537	12,079	10,467	6,089	7,430
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7,649	2,315	-482	-175	-10,074	734	14,193	12,514	7,978	9,263
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	524.95	101.08	109.03	13.71
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.65	2.03	1.70	1.90	2.08	2.38	1.76	1.78	0.95	0.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	17.01	19.79	17.70	16.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	3.84%	2.54%	2.18%	2.02%	3.02%	2.81%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.88%	5.05%	5.65%	5.96%
Enterprise Value to Invested Capital (EV/IC)	6.00	10.68	6.64	6.12	8.70	27.23	39.56	106.03	0.00	27.63
Enterprise Value to Revenue (EV/Rev)	2.04	2.48	2.29	2.56	2.72	2.60	1.80	1.78	0.94	0.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	83.37	0.00	0.00	0.00	270.77	12.84	13.37	11.00	9.02
Enterprise Value to EBIT (EV/EBIT)	0.00	425.12	0.00	0.00	0.00	0.00	15.09	15.98	14.41	11.25
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	16.86	19.33	15.44	15.52
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	32.38	43.38	0.00	0.00	0.00	11.89	12.54	8.36	8.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	44.58	244.29	0.00	0.00	0.00	23.43	25.50	9.51	13.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-13.76	-3.04	-3.60	-3.91	-3.52	-3.29	33.77	6.49	11.35	1.56
Long-Term Debt to Equity	-13.44	-2.73	-3.27	-3.83	-3.42	-2.41	25.99	5.71	10.91	1.36
Financial Leverage	-2.93	-2.24	-2.60	-2.34	-1.97	-2.51	1.91	-0.59	-0.66	-0.56
Leverage Ratio	-13.88	-8.29	-8.98	-8.83	-10.83	-31.81	108.21	78.13	25.35	12.33
Compound Leverage Factor	-17.86	36.60	-18.33	-19.16	-12.73	-46.75	103.95	75.44	24.08	11.88
Debt to Total Capital	107.84%	149.11%	138.51%	134.32%	139.72%	143.68%	97.12%	86.65%	91.90%	60.90%
Short-Term Debt to Total Capital	2.56%	14.84%	12.61%	3.00%	3.72%	38.63%	22.38%	10.41%	3.55%	7.54%
Long-Term Debt to Total Capital	105.28%	134.28%	125.90%	131.33%	136.00%	105.05%	74.75%	76.24%	88.36%	53.36%
Preferred Equity to Total Capital	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.01%	0.01%	0.09%	0.35%	0.53%	1.67%	0.50%	0.44%	0.55%	0.38%
Common Equity to Total Capital	-7.84%	-49.13%	-38.60%	-34.68%	-40.25%	-45.35%	2.38%	12.91%	7.54%	38.72%
Debt to EBITDA	-7.04	22.59	-118.26	-332.01	-6.31	37.20	0.98	0.89	1.25	1.08
Net Debt to EBITDA	-3.48	15.25	-80.49	-233.62	-3.67	22.04	0.30	-0.01	-0.17	-0.36
Long-Term Debt to EBITDA	-6.87	20.35	-107.49	-324.61	-6.14	27.20	0.75	0.78	1.20	0.94
Debt to NOPAT	-7.19	-96.67	-23.14	-28.92	-7.11	-19.75	1.28	1.28	1.75	1.85
Net Debt to NOPAT	-3.55	-65.25	-15.75	-20.35	-4.14	-11.70	0.39	-0.02	-0.25	-0.63
Long-Term Debt to NOPAT	-7.02	-87.05	-21.03	-28.28	-6.93	-14.44	0.99	1.13	1.68	1.62
Altman Z-Score	1.01	1.59	1.34	1.44	1.17	1.88	2.85	2.78	2.66	2.67
Noncontrolling Interest Sharing Ratio	-0.02%	-0.12%	-0.61%	-1.20%	-2.12%	-4.92%	6.03%	4.52%	1.68%	1.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.14	1.22	1.33	1.39	1.05	1.08	1.14	1.25	1.35
Quick Ratio	0.39	0.28	0.32	0.34	0.41	0.23	0.28	0.29	0.38	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12,085	4,330	624	-9,873	-19,810	-4,077	7,777	6,561	9,224	5,973
Operating Cash Flow to CapEx	-553.87%	397.33%	295.87%	-757.43%	-1,828.20%	-163.07%	956.43%	810.32%	407.61%	388.83%
Free Cash Flow to Firm to Interest Expense	-4.43	1.76	0.24	-3.64	-9.19	-5.65	16.37	18.23	30.14	21.72
Operating Cash Flow to Interest Expense	-4.43	2.42	1.37	-1.26	-8.54	-3.39	32.26	37.07	34.30	34.05
Operating Cash Flow Less CapEx to Interest Expense	-5.23	1.81	0.91	-1.42	-9.01	-5.47	28.88	32.50	25.89	25.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.57	0.48	0.43	0.41	0.61	0.88	0.93	1.01	1.03
Accounts Receivable Turnover	6.06	7.03	5.94	5.87	5.23	5.84	8.09	9.44	10.66	11.69
Inventory Turnover	0.82	0.89	0.80	0.74	0.81	1.04	1.31	1.47	1.75	1.75
Fixed Asset Turnover	6.03	7.34	6.21	5.48	4.78	6.09	7.99	7.38	7.51	8.33
Accounts Payable Turnover	5.87	6.32	6.48	5.34	4.48	5.06	6.49	6.55	7.19	7.65
Days Sales Outstanding (DSO)	60.25	51.89	61.41	62.15	69.85	62.49	45.10	38.67	34.25	31.22
Days Inventory Outstanding (DIO)	445.65	411.24	454.16	494.59	452.62	352.35	277.60	249.14	208.90	209.01
Days Payable Outstanding (DPO)	62.14	57.73	56.31	68.36	81.42	72.07	56.25	55.72	50.78	47.73
Cash Conversion Cycle (CCC)	443.76	405.39	459.27	488.38	441.05	342.77	266.45	232.09	192.36	192.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,669	18,079	22,950	26,037	18,173	7,300	4,606	1,578	-517	3,025
Invested Capital Turnover	3.26	3.79	2.72	2.82	4.57	12.86	32.71	177.20	74.56	28.95
Increase / (Decrease) in Invested Capital	4,590	-4,871	-3,087	7,864	10,873	2,694	3,028	2,095	-3,542	-589
Enterprise Value (EV)	136,005	193,005	152,362	159,352	158,061	198,748	182,226	167,308	87,746	83,569
Market Capitalization	109,422	157,693	113,529	118,316	120,843	182,251	177,959	167,386	89,080	86,879
Book Value per Share	($6.33)	($28.49)	($26.65)	($25.52)	($32.44)	($15.31)	$0.60	$2.78	$1.32	$9.46
Tangible Book Value per Share	($22.57)	($45.32)	($44.05)	($43.61)	($50.50)	($34.53)	($19.25)	($10.87)	($11.42)	($2.16)
Total Capital	49,950	35,079	41,153	43,256	45,508	19,002	14,257	12,830	10,829	16,361
Total Debt	53,864	52,307	57,001	58,102	63,583	27,302	13,847	11,117	9,952	9,964
Total Long-Term Debt	52,586	47,103	51,811	56,806	61,890	19,962	10,657	9,782	9,568	8,730
Net Debt	26,583	35,307	38,798	40,883	36,977	16,180	4,196	-135	-1,394	-3,372
Capital Expenditures (CapEx)	2,181	1,500	1,187	451	1,007	1,500	1,602	1,647	2,575	2,408
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,916	2,687	7,441	11,726	10,465	2,227	866	1,889	2,709	7,004
Debt-free Net Working Capital (DFNWC)	32,198	18,652	24,661	27,970	36,055	12,257	9,430	11,881	12,738	19,056
Net Working Capital (NWC)	30,920	13,448	19,471	26,674	34,362	4,917	6,240	10,546	12,354	17,822
Net Nonoperating Expense (NNE)	4,334	1,701	2,590	2,281	3,004	-747	345	198	648	208
Net Nonoperating Obligations (NNO)	26,583	35,307	38,798	40,883	36,248	15,600	4,196	-135	-1,394	-3,372
Total Depreciation and Amortization (D&A)	1,836	1,861	1,979	2,144	2,246	2,271	2,114	2,047	1,889	1,833
Debt-free, Cash-free Net Working Capital to Revenue	8.89%	3.45%	11.17%	18.83%	17.99%	2.91%	0.86%	2.01%	2.90%	7.29%
Debt-free Net Working Capital to Revenue	48.41%	23.98%	37.02%	44.91%	61.99%	16.01%	9.32%	12.64%	13.62%	19.83%
Net Working Capital to Revenue	46.48%	17.29%	29.23%	42.83%	59.08%	6.42%	6.17%	11.22%	13.21%	18.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($18.36)	($3.67)	($8.30)	($7.15)	($20.88)	($1.12)	$18.05	$13.60	$7.70	$7.52
Adjusted Weighted Average Basic Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	588.49M	612.48M	662.50M
Adjusted Diluted Earnings per Share	($18.36)	($3.67)	($8.30)	($7.15)	($20.88)	($1.12)	$17.85	$13.43	$7.61	$7.44
Adjusted Weighted Average Diluted Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	588.49M	612.48M	662.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	750.07M	610.14M	598.24M	583.00M	583.00M	563.15M	564.99M	588.49M	612.48M	662.50M
Normalized Net Operating Profit after Tax (NOPAT)	-7,527	-543	-2,468	-2,203	-9,078	-1,866	10,738	8,639	5,688	5,385
Normalized NOPAT Margin	-11.32%	-0.70%	-3.70%	-3.54%	-15.61%	-2.44%	10.62%	9.19%	6.08%	5.60%
Pre Tax Income Margin	-18.36%	-2.58%	-7.54%	-8.08%	-24.89%	-2.95%	11.47%	10.75%	6.19%	7.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.48	0.18	-0.96	-0.85	-5.71	-2.13	25.43	29.08	19.90	27.02
NOPAT to Interest Expense	-2.75	-0.22	-0.96	-0.74	-4.15	-1.91	22.75	24.05	18.57	19.58
EBIT Less CapEx to Interest Expense	-4.28	-0.43	-1.42	-1.02	-6.18	-4.21	22.06	24.50	11.48	18.26
NOPAT Less CapEx to Interest Expense	-3.55	-0.83	-1.43	-0.91	-4.61	-3.99	19.38	19.47	10.15	10.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-9.70%	-727.99%	37.72%	40.40%	54.75%	48.11%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-9.70%	-1,144.81%	123.77%	149.60%	193.82%	178.54%

This table displays calculated financial ratios and metrics derived from Boeing's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.67%	-30.77%	-1.46%	-14.61%	-7.54%	10.20%	13.46%	18.40%	28.09%	35.06%	4.44%
EBITDA Growth	97.47%	-363.90%	-11,381.82%	-159.23%	3.77%	117.44%	97.81%	-55.78%	223.23%	114.20%	-328.00%
EBIT Growth	310.47%	-664.81%	-975.54%	-481.00%	24.84%	6,666.67%	79.59%	-78.61%	115.60%	99.78%	-797.49%
NOPAT Growth	-212.36%	-1,432.16%	-613.00%	-1,001.01%	42.28%	182.03%	71.06%	-120.93%	87.18%	91.66%	-948.63%
Net Income Growth	91.27%	-12,770.00%	-276.92%	-865.77%	16.47%	95.48%	50.48%	-193.13%	65.78%	84.08%	-2,406.06%
EPS Growth	71.43%	-18,233.33%	-269.26%	-832.00%	18.84%	97.20%	50.82%	-178.13%	66.50%	84.80%	-2,789.47%
Operating Cash Flow Growth	51.93%	-202.04%	-6,213.64%	-236.45%	-957.23%	-2.20%	-99.31%	3,449.38%	90.11%	382.82%	1,317.56%
Free Cash Flow Firm Growth	-296.44%	-242.61%	-306.69%	-164.03%	-64.30%	78.14%	198.05%	265.06%	168.59%	126.44%	113.95%
Invested Capital Growth	14.61%	25.39%	6.94%	19.60%	-7.52%	-21.22%	-13.25%	-26.66%	-17.22%	-11.86%	-10.47%
Revenue Q/Q Growth	27.91%	-14.56%	5.77%	1.79%	-24.75%	21.62%	-8.34%	10.21%	-10.31%	25.22%	-4.35%
EBITDA Q/Q Growth	144.19%	44.00%	-1,159.85%	-163.35%	-40.95%	2,536.36%	-106.50%	10.98%	23.73%	124.52%	-231.35%
EBIT Q/Q Growth	123.49%	39.26%	-552.73%	-540.84%	-67.68%	215.66%	-331.22%	44.44%	1,800.00%	99.64%	-342.40%
NOPAT Q/Q Growth	92.87%	34.56%	-428.53%	-1,167.44%	-130.39%	135.02%	-716.16%	33.56%	56.81%	87.64%	-690.39%
Net Income Q/Q Growth	99.20%	37.46%	-329.05%	-305.35%	-1,083.33%	98.17%	-999.33%	64.94%	35.90%	79.96%	-2,167.50%
EPS Q/Q Growth	97.09%	44.83%	-327.90%	-316.07%	-1,766.67%	98.89%	-980.00%	63.77%	35.51%	80.51%	-1,815.63%
Operating Cash Flow Q/Q Growth	53.16%	-156.51%	65.72%	-16.69%	-199.44%	15,268.18%	-99.23%	1,004.09%	-109.20%	8.37%	3,838.27%
Free Cash Flow Firm Q/Q Growth	52.23%	-31.47%	-8.39%	-388.60%	-65.32%	90.54%	-66.42%	60.91%	73.03%	218.79%	118.60%
Invested Capital Q/Q Growth	13.01%	0.36%	-14.11%	17.65%	23.64%	-14.41%	-3.94%	-9.03%	5.32%	-5.74%	-18.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.40%	-10.43%	-19.66%	7.29%	11.32%	12.25%	6.44%	9.82%	10.73%	9.33%	-5.11%
EBITDA Margin	6.41%	-18.56%	-28.32%	-2.38%	3.82%	4.87%	-0.24%	3.43%	3.40%	2.47%	-12.60%
Operating Margin	2.36%	-24.73%	-32.29%	-6.46%	-0.52%	1.29%	-4.46%	-0.50%	-0.83%	-1.73%	-17.50%
EBIT Margin	4.02%	-21.90%	-30.81%	-4.99%	1.15%	2.68%	-2.82%	1.12%	0.85%	-0.05%	-15.69%
Profit (Net Income) Margin	-0.16%	-25.33%	-34.61%	-8.53%	-2.14%	-0.14%	-9.05%	-0.75%	-2.37%	-3.32%	-20.73%
Tax Burden Percent	-40.79%	94.33%	99.20%	94.98%	93.92%	333.33%	148.91%	37.25%	85.69%	102.16%	105.62%
Interest Burden Percent	9.69%	122.62%	113.25%	179.93%	-197.91%	-1.52%	215.26%	-181.00%	-324.18%	7,211.11%	125.08%
Effective Tax Rate	140.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.79%	-56.53%	-75.81%	-13.78%	-1.19%	3.41%	-10.41%	-0.99%	-1.54%	-3.29%	-29.19%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.33%	-60.48%	-80.91%	-15.44%	-1.94%	2.80%	-13.10%	-1.19%	-2.30%	-4.34%	-32.44%
Return on Net Nonoperating Assets (RNNOA)	7.83%	177.03%	168.70%	37.70%	4.72%	-6.26%	30.43%	3.23%	6.29%	11.28%	84.84%
Return on Equity (ROE)	5.04%	120.51%	92.90%	23.92%	3.52%	-2.85%	20.02%	2.23%	4.76%	7.99%	55.65%
Cash Return on Invested Capital (CROIC)	-43.26%	-59.32%	-28.02%	-22.78%	5.68%	21.11%	9.88%	21.64%	12.27%	2.55%	-8.82%
Operating Return on Assets (OROA)	1.92%	-9.93%	-16.60%	-2.65%	0.65%	1.52%	-1.57%	0.61%	0.44%	-0.02%	-6.78%
Return on Assets (ROA)	-0.08%	-11.49%	-18.65%	-4.52%	-1.21%	-0.08%	-5.04%	-0.41%	-1.23%	-1.60%	-8.95%
Return on Common Equity (ROCE)	5.04%	120.54%	92.90%	23.93%	3.53%	-2.86%	20.07%	2.24%	4.78%	8.04%	56.07%
Return on Equity Simple (ROE_SIMPLE)	346.02%	0.00%	33.96%	19.26%	12.77%	0.00%	17.19%	29.29%	27.31%	0.00%	48.33%
Net Operating Profit after Tax (NOPAT)	-188	-2,639	-4,033	-763	-60	198	-566	-69	-104	-242	-1,954
NOPAT Margin	-0.96%	-17.31%	-22.60%	-4.52%	-0.36%	0.90%	-3.12%	-0.35%	-0.58%	-1.21%	-12.25%
Net Nonoperating Expense Percent (NNEP)	-0.46%	3.95%	5.10%	1.65%	0.75%	0.62%	2.69%	0.19%	0.76%	1.06%	3.24%
Return On Investment Capital (ROIC_SIMPLE)	-0.37%	-5.28%	-	-	-	0.56%	-	-	-	-0.59%	-
Cost of Revenue to Revenue	87.60%	110.43%	119.66%	92.71%	88.68%	87.75%	93.57%	90.18%	89.27%	90.67%	105.11%
SG&A Expenses to Revenue	5.70%	9.17%	6.08%	8.16%	7.01%	6.97%	5.76%	6.51%	7.28%	7.16%	7.68%
R&D to Revenue	4.33%	5.48%	6.47%	5.66%	5.24%	4.00%	5.29%	4.04%	4.13%	3.97%	4.56%
Operating Expenses to Revenue	10.03%	14.31%	12.63%	13.75%	11.84%	10.96%	10.90%	10.32%	11.56%	11.06%	12.39%
Earnings before Interest and Taxes (EBIT)	784	-3,338	-5,496	-842	191	591	-511	221	153	-9.00	-2,504
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,250	-2,829	-5,052	-401	633	1,072	-44	677	610	493	-2,011
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.84	1.65	1.28	1.52	1.53	2.03	1.53	1.73	1.80	1.70	1.17
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.12	6.00	6.19	5.93	6.98	10.68	7.27	7.48	6.90	6.64	4.68
Enterprise Value to Revenue (EV/Rev)	2.26	2.04	1.91	2.12	2.04	2.48	2.03	2.24	2.36	2.29	1.86
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	123.82	66.77	83.37	88.41	0.00	267.68	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	317.31	425.12	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	53.54	32.38	25.43	17.88	26.02	43.38	147.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	118.18	44.58	68.35	29.26	50.94	244.29	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-16.13	-13.76	-2.45	-3.22	-2.82	-3.04	-3.13	-3.37	-3.58	-3.60	-3.24
Long-Term Debt to Equity	-13.74	-13.44	-2.26	-2.96	-2.75	-2.73	-2.83	-3.08	-3.07	-3.27	-2.94
Financial Leverage	-3.36	-2.93	-2.09	-2.44	-2.43	-2.24	-2.32	-2.72	-2.74	-2.60	-2.62
Leverage Ratio	-14.31	-13.88	-6.75	-8.29	-8.33	-8.29	-7.91	-8.92	-8.85	-8.98	-8.92
Compound Leverage Factor	-1.39	-17.02	-7.65	-14.92	16.49	0.13	-17.03	16.15	28.69	-647.60	-11.15
Debt to Total Capital	106.61%	107.84%	169.12%	145.02%	155.03%	149.11%	147.02%	142.13%	138.80%	138.51%	144.55%
Short-Term Debt to Total Capital	15.77%	2.56%	13.12%	11.93%	3.44%	14.84%	13.76%	12.53%	19.86%	12.61%	13.72%
Long-Term Debt to Total Capital	90.84%	105.28%	156.00%	133.09%	151.59%	134.28%	133.26%	129.60%	118.94%	125.90%	130.83%
Preferred Equity to Total Capital	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.01%	-0.03%	-0.02%	-0.02%	0.01%	0.03%	0.07%	0.06%	0.09%	0.16%
Common Equity to Total Capital	-6.62%	-7.84%	-69.09%	-45.00%	-55.00%	-49.13%	-47.05%	-42.19%	-38.86%	-38.60%	-44.71%
Debt to EBITDA	-7.62	-7.04	-15.38	45.97	20.50	22.59	30.11	-226.27	88.91	-118.26	-12.86
Net Debt to EBITDA	-4.12	-3.48	-12.31	35.14	16.84	15.25	21.80	-162.26	63.65	-80.49	-9.44
Long-Term Debt to EBITDA	-6.50	-6.87	-14.19	42.19	20.05	20.35	27.29	-206.32	76.19	-107.49	-11.64
Debt to NOPAT	-7.54	-7.19	-12.38	-48.65	-96.46	-96.67	-53.30	-22.06	-31.58	-23.14	-11.18
Net Debt to NOPAT	-4.07	-3.55	-9.91	-37.19	-79.21	-65.25	-38.58	-15.82	-22.61	-15.75	-8.20
Long-Term Debt to NOPAT	-6.42	-7.02	-11.42	-44.65	-94.32	-87.05	-48.31	-20.11	-27.06	-21.03	-10.12
Altman Z-Score	1.26	1.14	1.05	1.31	1.43	1.59	1.42	1.50	1.46	1.40	1.14
Noncontrolling Interest Sharing Ratio	0.00%	-0.02%	-0.01%	-0.05%	-0.05%	-0.12%	-0.22%	-0.40%	-0.50%	-0.61%	-0.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.23	1.32	1.12	1.18	1.14	1.14	1.15	1.17	1.16	1.22	1.22
Quick Ratio	0.35	0.39	0.24	0.26	0.22	0.28	0.28	0.28	0.29	0.32	0.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,453	-7,229	-5,499	-5,073	1,758	5,069	2,660	7,923	4,924	2,846	893
Operating Cash Flow to CapEx	-240.83%	-534.88%	-226.05%	-1,018.96%	-604.68%	799.29%	6.75%	998.26%	-68.68%	1,115.16%	1,135.23%
Free Cash Flow to Firm to Interest Expense	-4.88	-9.57	-7.55	-7.54	3.09	8.45	4.52	12.76	7.59	4.45	1.42
Operating Cash Flow to Interest Expense	-2.28	-4.57	-1.85	-5.83	-5.91	5.64	0.04	4.63	-0.49	5.40	5.08
Operating Cash Flow Less CapEx to Interest Expense	-3.23	-5.42	-2.66	-6.40	-6.89	4.93	-0.52	4.17	-1.20	4.92	4.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.45	0.54	0.53	0.56	0.57	0.56	0.54	0.52	0.48	0.43
Accounts Receivable Turnover	5.59	6.06	5.99	5.86	6.07	7.03	6.26	5.96	5.89	5.94	5.07
Inventory Turnover	0.82	0.82	0.87	0.81	0.85	0.89	0.87	0.87	0.83	0.80	0.77
Fixed Asset Turnover	6.27	6.03	6.75	6.86	7.22	7.34	7.22	6.99	6.64	6.21	5.68
Accounts Payable Turnover	6.26	5.87	6.07	5.84	6.28	6.32	6.58	6.70	6.87	6.48	6.24
Days Sales Outstanding (DSO)	65.35	60.25	60.92	62.32	60.12	51.89	58.31	61.22	61.96	61.41	72.04
Days Inventory Outstanding (DIO)	444.18	445.65	417.22	449.42	429.87	411.24	420.70	420.38	441.54	454.16	474.08
Days Payable Outstanding (DPO)	58.31	62.14	60.18	62.49	58.10	57.73	55.48	54.49	53.14	56.31	58.48
Cash Conversion Cycle (CCC)	451.23	443.76	417.97	449.25	431.90	405.39	423.53	427.11	450.37	459.27	487.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	25,618	22,669	22,588	26,298	22,353	18,079	21,122	21,988	24,171	22,950	24,348
Invested Capital Turnover	2.90	3.26	3.35	3.05	3.29	3.79	3.33	2.83	2.64	2.72	2.38
Increase / (Decrease) in Invested Capital	3,265	4,590	1,466	4,310	-1,818	-4,871	-3,226	-7,992	-5,028	-3,087	-2,847
Enterprise Value (EV)	156,874	136,005	139,822	156,007	156,116	193,005	153,473	164,537	166,763	152,362	113,946
Market Capitalization	127,925	109,422	93,682	111,733	116,754	157,693	115,622	127,032	127,084	113,529	71,899
Book Value per Share	($4.44)	($6.33)	($38.22)	($29.28)	($27.71)	($28.49)	($27.73)	($25.79)	($25.92)	($26.65)	($29.81)
Tangible Book Value per Share	($17.77)	($22.57)	($54.65)	($45.86)	($44.20)	($45.32)	($44.66)	($42.84)	($43.17)	($44.05)	($47.35)
Total Capital	50,293	49,950	34,088	39,945	30,924	35,079	35,555	36,775	39,907	41,153	39,584
Total Debt	53,618	53,864	57,650	57,927	47,940	52,307	52,272	52,268	55,391	57,001	57,219
Total Long-Term Debt	45,688	52,586	53,176	53,162	46,877	47,103	47,381	47,659	47,465	51,811	51,788
Net Debt	28,943	26,583	46,150	44,280	39,369	35,307	37,839	37,481	39,655	38,798	41,983
Capital Expenditures (CapEx)	671	645	595	385	556	423	326	288	463	310	281
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8,264	5,916	6,140	9,953	6,808	2,687	5,392	6,183	8,460	7,441	10,807
Debt-free Net Working Capital (DFNWC)	31,938	32,198	16,610	22,574	14,337	18,652	18,764	19,945	23,227	24,661	25,064
Net Working Capital (NWC)	24,008	30,920	12,136	17,809	13,274	13,448	13,873	15,336	15,301	19,471	19,633
Net Nonoperating Expense (NNE)	-157	1,222	2,141	676	295	228	1,072	80	321	422	1,354
Net Nonoperating Obligations (NNO)	28,943	26,583	46,150	44,280	39,369	35,307	37,839	37,481	39,655	38,798	41,983
Total Depreciation and Amortization (D&A)	466	509	444	441	442	481	467	456	457	502	493
Debt-free, Cash-free Net Working Capital to Revenue	11.90%	8.89%	8.38%	13.53%	8.91%	3.45%	7.12%	8.40%	11.99%	11.17%	17.60%
Debt-free Net Working Capital to Revenue	45.99%	48.41%	22.66%	30.69%	18.76%	23.98%	24.77%	27.10%	32.93%	37.02%	40.81%
Net Working Capital to Revenue	34.57%	46.48%	16.56%	24.21%	17.36%	17.29%	18.31%	20.83%	21.69%	29.23%	31.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($5.50)	($9.97)	($2.33)	($0.56)	($0.03)	($2.70)	($0.25)	($0.69)	($1.07)	($5.49)
Adjusted Weighted Average Basic Shares Outstanding	754.01M	750.07M	618.20M	616.17M	613.88M	610.14M	604.98M	603.20M	601.59M	598.24M	595.98M
Adjusted Diluted Earnings per Share	($0.16)	($5.50)	($9.97)	($2.33)	($0.56)	($0.03)	($2.70)	($0.25)	($0.69)	($1.07)	($5.49)
Adjusted Weighted Average Diluted Shares Outstanding	754.01M	750.07M	618.80M	616.60M	613.20M	610.14M	607.20M	605.50M	602.50M	598.24M	596.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	754.01M	750.07M	618.20M	616.17M	613.88M	610.14M	604.98M	603.20M	601.59M	598.24M	595.98M
Normalized Net Operating Profit after Tax (NOPAT)	325	-2,639	-4,033	-767	-60	198	-566	-70	-104	-244	-1,954
Normalized NOPAT Margin	1.67%	-17.31%	-22.60%	-4.54%	-0.36%	0.90%	-3.12%	-0.35%	-0.58%	-1.22%	-12.25%
Pre Tax Income Margin	0.39%	-26.85%	-34.89%	-8.98%	-2.28%	-0.04%	-6.08%	-2.03%	-2.77%	-3.25%	-19.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.11	-4.42	-7.55	-1.25	0.34	0.99	-0.87	0.36	0.24	-0.01	-3.99
NOPAT to Interest Expense	-0.27	-3.50	-5.54	-1.13	-0.11	0.33	-0.96	-0.11	-0.16	-0.38	-3.11
EBIT Less CapEx to Interest Expense	0.16	-5.28	-8.37	-1.82	-0.64	0.28	-1.42	-0.11	-0.48	-0.50	-4.43
NOPAT Less CapEx to Interest Expense	-1.21	-4.35	-6.36	-1.71	-1.08	-0.37	-1.51	-0.58	-0.87	-0.86	-3.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Boeing's Financials

When does Boeing's fiscal year end?

According to the most recent income statement we have on file, Boeing's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Boeing's net income changed over the last 9 years?

Boeing's net income appears to be on an upward trend, with a most recent value of -$11.83 billion in 2024, falling from $5.18 billion in 2015. The previous period was -$2.24 billion in 2023. View Boeing's forecast to see where analysts expect Boeing to go next.

What is Boeing's operating income?

Boeing's total operating income in 2024 was -$10.71 billion, based on the following breakdown:

Total Gross Profit: -$1.99 billion
Total Operating Expenses: $8.72 billion

How has Boeing revenue changed over the last 9 years?

Over the last 9 years, Boeing's total revenue changed from $96.11 billion in 2015 to $66.52 billion in 2024, a change of -30.8%.

How much debt does Boeing have?

Boeing's total liabilities were at $160.28 billion at the end of 2024, a 3.9% increase from 2023, and a 82.1% increase since 2015.

How much cash does Boeing have?

In the past 9 years, Boeing's cash and equivalents has ranged from $7.64 billion in 2018 to $14.61 billion in 2022, and is currently $13.80 billion as of their latest financial filing in 2024.

How has Boeing's book value per share changed over the last 9 years?

Over the last 9 years, Boeing's book value per share changed from 9.46 in 2015 to -6.33 in 2024, a change of -167.0%.

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This page (NYSE:BA) was last updated on 5/21/2025 by MarketBeat.com Staff

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