The Boeing Company

BA Industrials Aerospace & Defense

The Boeing Company’s revenue for fiscal 2025 (year ended December 2025) was $89.5 billion, up 34.5% from fiscal 2024.

Revenue
+3.94%
EPS
+98.0%
Free cash flow
+101.7%
Total debt
−13.9%

Quarter to September 2026, against a year earlier

172.84 4.16 −2.35%
Market cap
$136.7B
P/E
17.9×
Fwd P/E
−125×
Dividend yield
—
F-score
6/9
Altman Z
1.51
Beneish M
−2.98
Dividend safety
n/a

The Boeing Company (BA) Debt to equity

Alert me on Debt to equity

The Boeing Company's debt to equity at the end of the quarter to 30 September 2026 was 7.0×, down 2.9× from fiscal 2025 (9.9×). Over the past ten years it has ranged from −13.8× (fiscal 2024) to 33.8× (fiscal 2018); the current reading is higher than 82% of that period. That is above the Aerospace & Defense industry median of 0.2× and above the Industrials sector median of 0.3×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 9.9× —
FY2024 −13.8× —
FY2023 −3.0× —
FY2022 −3.6× —
FY2021 −3.9× —
FY2020 −3.5× —
FY2019 −3.3× —
FY2018 33.8× 420.40%
FY2017 6.5× (42.81%)
FY2016 11.3× 628.54%

Quarterly newest first

Period Debt to equity Change
Sep 2026 7.0× (6.77%)
Jun 2026 7.5× (4.81%)
Mar 2026 7.9× (20.46%)
Dec 2025 9.9× —
43 more quarters

Against its own ten years

Low −13.8× High 33.8×
Ten-year median −3.0×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
HONA Honeywell Aerospace inc. compare −6.4×
TDG Transdigm Group Incorporated compare −3.3×
GD General Dynamics Corporation compare 0.3×
RTX RTX Corporation compare 0.5×
HWM Howmet Aerospace Inc. compare 0.7×
NOC Northrop Grumman Corporation compare 0.8×
GE GE Aerospace compare 1.1×
LMT Lockheed Martin Corporation compare 2.0×
BA The Boeing Company 7.0×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on BA