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

172.58 0.08 +0.05%
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) Gross margin

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The Boeing Company's gross margin over the twelve months to 30 September 2026 was 9.42%, up 4.6 percentage points from fiscal 2025 (4.79%). Over the past ten years it has ranged from −9.70% (fiscal 2020) to 19.5% (fiscal 2018); the current reading is higher than 27% of that period. That is below the Aerospace & Defense industry median of 26.4% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 4.79% 7.78
FY2024 −2.99% (12.92)
FY2023 9.93% 4.63
FY2022 5.30% 0.40
FY2021 4.90% 14.60
FY2020 −9.70% (15.61)
FY2019 5.91% (13.58)
FY2018 19.5% 0.91
FY2017 18.6% 3.04
FY2016 15.5% 0.88

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 8.96% (0.87)
Jun 2026 9.83% (1.63)
Mar 2026 11.5% 3.89
Dec 2025 7.57% 17.78
43 more quarters

Against its own ten years

Low −9.70% High 19.5%
Ten-year median 5.91%
Current reading's percentile 58

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
HWM Howmet Aerospace Inc. compare 36.6%
HONA Honeywell Aerospace inc. compare 36.2%
GE GE Aerospace compare 35.2%
RTX RTX Corporation compare 21.1%
NOC Northrop Grumman Corporation compare 20.0%
GD General Dynamics Corporation compare 15.4%
LMT Lockheed Martin Corporation compare 11.7%
BA The Boeing Company 9.42%
Aerospace & Defense industry median 26.4%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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