Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Boeing

BA stock analysis · Industrials · Aerospace & Defense

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$216.47HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$170.6B

Price × SEC outstanding shares. Shares measured 2026-04-15. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

-62.7%

11 industry peers · median 33.7×

How this is calculated ↗
Valuation

Historical multiples

— Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

-1.1%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

8.0%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

4/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

7.6%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

0.7%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

24.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 18.4B2020-12-31: cfo -$18,410,000,000.00 (negative; lower scale compressed)2020-12-31: capex $1,303,000,000.0020202021-12-31: cfo -$3,416,000,000.00 (negative; lower scale compressed)2021-12-31: capex $980,000,000.0020212022-12-31: cfo $3,512,000,000.002022-12-31: capex $1,222,000,000.0020222023-12-31: cfo $5,960,000,000.002023-12-31: capex $1,527,000,000.0020232024-12-31: cfo -$12,080,000,000.00 (negative; lower scale compressed)2024-12-31: capex $2,230,000,000.0020242025-12-31: cfo $1,065,000,000.002025-12-31: capex $2,942,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3189.5B2.2B1.1B2.9B168.2B
2024-12-3166.5B-11.8B-12.1B2.2B156.4B
2023-12-3177.8B-2.2B6B1.5B137B
2022-12-3166.6B-5.1B3.5B1.2B137.1B
2021-12-3162.3B-4.3B-3.4B980M138.6B
2020-12-3158.2B-11.9B-18.4B1.3B152.1B
2019-12-3176.6B-636M-2.4B1.8B133.6B
2018-12-31101.1B10.5B15.3B1.7B117.4B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue89.5BRevenues2026-01-30
netIncome2.2BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-01-30
Parent/common earnings proxy1.9BNetIncomeLossAvailableToCommonStockholdersBasic2026-01-30
cfo1.1BNetCashProvidedByUsedInOperatingActivities2026-01-30
capex2.9BPaymentsToAcquirePropertyPlantAndEquipment2026-01-30
operatingIncome4.3BOperatingIncomeLoss2026-01-30
assets168.2BAssets2026-01-30
equity5.5BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-01-30
Parent book equity proxy5.5BStockholdersEquity2026-01-30
debt53.8BLongTermDebt2026-01-30
shortDebt—Not reported under a supported tag—
cash10.9BCashAndCashEquivalentsAtCarryingValue2026-01-30
shares762.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-01-30
dividends331MPaymentsOfDividends2026-01-30
buybacks—Not reported under a supported tag—
issuance—Not reported under a supported tag—