The Boeing Company (BA) stock analysis
Company overview and business model
Source fact: The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Company was incorporated in 1916 and is based in Arlington, Virginia.
Classification: NYSE · Industrials · Aerospace & Defense
Revenue and growth
Source fact: Revenue was USD 89.46 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +34.5% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 2.23 billion in the latest reported period.
Source metric: Reported net margin was 2.5%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 10.92 billion.
Source fact: Total debt was USD 54.43 billion.
Source metric: Current ratio was 1.19x.
Cash-flow analysis
Source fact: Operating cash flow was USD 1.06 billion.
Source fact: Free cash flow was USD -1.89 billion.
Valuation
Source metrics: Trailing P/E 77.65x; Forward P/E 52.38x; Price to book 27.98x; Price to sales 1.82x.
Caverian model output: Value score was 18/100.
Competitive position
Classification: Peer context: Aerospace & Defense within Industrials.
Caverian model output: Quality score was 44/100.
Caverian model output: Growth score was 71/100.
Material risks
Caverian model interpretation: Watch out: the balance sheet looks fragile.
Caverian calculation: Altman Z-score was 1.56 (distress zone).
Caverian calculation: Piotroski F-score was 7/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles