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

173.34 0.84 +0.49%
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) Operating margin

Alert me on Operating margin

The Boeing Company's operating margin over the twelve months to 30 September 2026 was 10.3%, up 5.5 percentage points from fiscal 2025 (4.79%). Over the past ten years it has ranged from −21.9% (fiscal 2020) to 11.9% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Aerospace & Defense industry median of 3.69% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.79% 20.89
FY2024 −16.1% (15.11)
FY2023 −0.99% 4.29
FY2022 −5.28% (0.67)
FY2021 −4.61% 17.27
FY2020 −21.9% (19.38)
FY2019 −2.50% (14.42)
FY2018 11.9% 0.84
FY2017 11.1% 4.04
FY2016 7.04% (0.77)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 1.46% 0.82
Jun 2026 0.64% (1.38)
Mar 2026 2.02% (34.63)
Dec 2025 36.7% 57.20
43 more quarters

Against its own ten years

Low −21.9% High 11.9%
Ten-year median −0.99%
Current reading's percentile 81

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 28.1%
GE GE Aerospace compare 23.6%
HONA Honeywell Aerospace inc. compare 20.8%
LMT Lockheed Martin Corporation compare 11.8%
RTX RTX Corporation compare 11.8%
NOC Northrop Grumman Corporation compare 10.6%
GD General Dynamics Corporation compare 10.4%
BA The Boeing Company 10.3%
Aerospace & Defense industry median 3.69%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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