Fundamental analysis · SEC EDGAR · TTM through 30/09/2026

Fundamental analysis of Boeing Co

BA · NYSE · Industrial

Fundamental quality

DEMANDING

53

out of 100

Boeing Co earns a fundamental-quality score of 53 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its profitability (net margin 8.1%). Its weakest area is its financial strength (net debt 3.71× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Boeing is, alongside Airbus, one of the world's two big commercial-aircraft makers, and also a major defense and aerospace contractor. It operates in a duopoly with enormous barriers to entry.

What will shape its future

  • Restoring its reputation and production quality after the safety problems of recent years.
  • The pace of aircraft deliveries and its ability to pay down its accumulated debt.
  • Long-term demand for air travel and its defense business as a stabilizer.

Breakdown by area

I.Growth
57

Revenue growth: 8.9%

II.Profitability
61

Net margin: 8.1% · ROE: 116.9% · ROIC: 18.6%

III.Financial health
36

Net debt/EBITDA: 3.71x · FCF: 0%

Source: SEC EDGAR · TTM through 30/09/2026

The score includes +2 for dividend strength: 9 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 38%
ROEbeats 98%
Growthbeats 49%
Cash generationbeats 6%
Less debtbeats 16%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Boeing Co strengths

  • Reasonable return on capital: its ROE (116.9%) is inflated by buybacks, but ROIC —which strips that out— is 18.6%.
  • It has turned profitable after years of losses.
  • Revenue growing (8.9% annualized).
  • Solid net margin (8.1%): the business is clearly profitable.

Boeing Co risks and weaknesses

  • High leverage (net debt of 3.71× EBITDA): more exposed to rates and to a rough patch.
  • Erratic free cash flow, with several years in the red.

Boeing Co historical evolution

YearRevenueNet incomeFree cash flowNet debt
202058,158-11,873-19,71357,321
202162,286-4,202-4,39651,165
202266,608-4,9352,29047,370
202377,794-2,2224,43344,568
202466,517-11,817-14,31041,102
202589,4632,235-1,87751,388

Between 2020 and 2025, revenue went from $58,158M to $89,463M (+54%) and net income went from -$11,873M to $2,235M (+119%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the nine months ended September 30, 2026, versus the nine months ended September 30, 2025 (SEC filings):

  • Revenue+8.3%

What changed with the September 30, 2026 results

Compared with the previous close (June 30, 2026), this is what moved in its accounts:

  • Quality score46→53
  • Net margin2.6%→8.1%
  • ROE39.9%→116.9%
  • Net debt/EBITDA6.9×→3.71×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$8.22

per share, yearly

14.8% of earnings

Payout

9 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Boeing Co cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Boeing Co a good company to invest in?

In terms of business quality, Boeing Co scores 53 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Boeing Co a profitable company?

Boeing Co is profitable, with a net margin of 8.1%, though a thin one.

Does Boeing Co have a lot of debt?

Yes, its leverage is high: net debt is 3.71 times its EBITDA.

Is Boeing Co growing?

Its revenue has grown 8.9% annualized in recent years.

Does Boeing Co generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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