The Boeing Company (BA) Fundamental Analysis
The Boeing Company is in a high-growth phase, expanding revenue 8% year-over-year as it scales. Profitability has been inconsistent across recent quarters, a turnaround profile where the direction of travel matters more than any single period. Free cash flow is being reinvested into growth rather than harvested, so a negative print here reflects investment, not distress. The latest filing shows a mixed picture across the four dimensions.
Beat Index assesses The Boeing Company across twenty analysis tabs, spanning market multiples, revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q currently flags revenue growth, profit margins, cash generation and balance-sheet strength for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveNo standout strength in the latest quarter.
- WatchGrowth: Revenue +8% YoY
- ConcernBalance Sheet: Debt/equity 7.5x (high leverage)
Trend matrix, last 4 quarters
| Dimension | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Growth | Revenue +8% YoY | Revenue up 14% YoY | Revenue up 57% YoY | Revenue up 30% YoY |
| Profitability | Loss narrowing (-2% margin) | Loss narrowing (-0% margin) | Net margin 34% | Loss narrowing (-23% margin) |
| Cash Generation | FCF margin 3% | Cash burn (negative OCF) | FCF margin 2% | FCF margin 1% |
| Balance Sheet | Debt/equity 7.5x (high leverage) | Debt/equity 7.9x (high leverage) | Debt/equity 9.9x (high leverage) | Debt/equity -6.5x |
Quarterly financials
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|---|
| Revenue | $24.56B | $22.22B | $23.95B | $23.27B | $22.75B |
| Cash & equivalents | $7.24B | $9.44B | $10.92B | $6.17B | $7.09B |
| Net income | -$444.0M | -$4.0M | $8.22B | -$5.34B | -$611.0M |
| Operating cash flow | $1.36B | -$179.0M | $1.33B | $1.12B | $227.0M |
| Free cash flow | $631.0M | -$1.45B | $375.0M | $238.0M | -$200.0M |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Twenty analysis tabs. Every financial figure comes from SEC filings, with no estimates.
- Market Multiples: What buyers have actually paid for this business, week by week, against what they pay today.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation against your own discount rate.
- Priced In: The move the options market is pricing in, including around earnings, read from your own Alpaca account once connected.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.