Boeing (BA) stock
Industrials · Aerospace & Defense
Boeing (BA) is an Aerospace & Defense company in the Industrials sector, headquartered in Arlington, Virginia. As of October 23, 2026, BA closed at $188.35, a market capitalization of $148.87 billion, the 82nd largest company in the S&P 500. Over the last twelve months it generated $93.99 billion in revenue (+8% year over year) and -$1.05 billion in free cash flow. The stock trades at 67.3x trailing earnings and 50.1x forward earnings.
- 1-year total return: -13.5% (dividends reinvested)
- 5-year return: -2.4% a year
- 52-week range: $176.77 – $254.35
- Gross margin 4.7%, operating margin 0.0%
- FI Handbook report card: D across 9 metrics
- 7th largest of 83 Industrials stocks in the S&P 500
BA price chart
1Y price change: -13.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| BA | -5.8% | -13.3% | -13.5% | +1.3% | -2.4% | +4.2% | +11.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
BA key statistics
- Market cap
- $148.9B
- #82 in S&P 500
- P/E (TTM)
- 67.3x
- Forward P/E
- 50.1x
- EPS (TTM)
- $2.80
- Revenue (TTM)
- $94.0B
- +8%
- Free cash flow
- -$1.1B
- Gross margin
- 4.7%
- Operating margin
- 0.0%
- Return on equity
- 173.5%
- Dividend yield
- None
- 52-week range
- $176.77 – $254.35
- Beta
- 1.26
- Price / sales
- 1.6x
- EV / EBITDA
- -61.4x
- Debt / equity
- 7.91x
- Employees
- 182,000
BA report card
DTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth8.0%C
- Gross margin4.7%F
- Operating margin0.0%D
- FCF margin-1.1%F
- Return on equity173.5%A
- Net debt / EBITDA——
- Forward P/E50.1xF
- PEG ratio1.5xB
- Shareholder yield0.0%F
- Share count change / yr6.0%F
Boeing financials
Revenue went from $93.5B in fiscal 2016 to $89.5B in fiscal 2025, shrinking 0.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.5B | $94.0B | $101.1B | $76.6B | $58.2B | $62.3B | $66.6B | $77.8B | $66.5B | $89.5B |
| Gross profit | $14.5B | $17.4B | $19.6B | $4.5B | -$5.7B | $3.0B | $3.5B | $7.7B | -$2.0B | $4.3B |
| Operating income | $6.5B | $10.3B | $12.0B | -$2.0B | -$12.8B | -$2.9B | -$3.5B | -$773.0M | -$10.7B | $4.3B |
| Net income | $5.0B | $8.5B | $10.5B | -$636.0M | -$11.9B | -$4.2B | -$4.9B | -$2.2B | -$11.8B | $2.2B |
| EPS (diluted) | $7.83 | $13.85 | $17.85 | $-1.12 | $-20.88 | $-7.15 | $-8.30 | $-3.67 | $-18.36 | $2.48 |
| Free cash flow | $7.9B | $11.6B | $13.6B | -$4.3B | -$19.7B | -$4.4B | $2.3B | $4.4B | -$14.3B | -$1.9B |
| Buybacks | $7.0B | $9.2B | $9.0B | $2.7B | — | — | — | — | — | — |
| Dividends paid | $2.8B | $3.4B | $3.9B | $4.6B | $1.2B | — | — | — | — | $331.0M |
| Diluted shares | 642.8M | 610.0M | 585.5M | 565.4M | 568.6M | 587.6M | 594.9M | 605.8M | 646.9M | 762.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into BA?
A reverse DCF asks what growth the current price requires. With an enterprise value of $177.9B and -$1.1B of trailing free cash flow, Boeing needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 75.9x vs. median 20.0x (10th–90th percentile 13.0x–37.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
BA analyst price targets
27 analysts' average 12-month target is $267.22 (+42% vs. $188.35). Targets range from $206.00 to $305.00. 86% rate it a buy.
BA earnings
Next report: October 27, 2026.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $-0.31 | $-0.76 | -141.5% |
| Apr 22, 2026 | $-0.67 | $-0.20 | +70.3% |
| Jan 27, 2026 | $-0.41 | $9.92 | +2525.3% |
| Oct 29, 2025 | $-2.38 | $-7.47 | -214.4% |
| Jul 29, 2025 | $-1.27 | $-1.24 | +2.4% |
| Apr 23, 2025 | $-1.30 | $-0.49 | +62.4% |
| Jan 28, 2025 | $-3.78 | $-5.90 | -56.1% |
| Oct 23, 2024 | $-8.72 | $-10.44 | -19.7% |
Stocks like BA
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 RTX RTX | -1.90% | +8% | $257.8B | 31.1x | Compare |
 LMT Lockheed Martin | +2.42% | +27% | $139.6B | 21.5x | Compare |
 GD General Dynamics | -0.41% | +4% | $94.5B | 21.3x | Compare |
 NOC Northrop Grumman | -0.16% | -7% | $78.3B | 17.4x | Compare |
 HWM Howmet Aerospace | -3.82% | -7% | $74.1B | 40.1x | Compare |
 TDG Transdigm | -3.23% | -18% | $61.1B | 33.5x | Compare |
 HONA Honeywell Aerospace | +0.18% | — | $51.8B | 49.8x | Compare |
BA news
- Boeing’s 777 Freighter Line Has Been Idle for Two Months. Here’s What It Costs. · Oct 25, 2026
- Why Everyone Is Watching BAE Systems (LSE:BA.) Right Now · Oct 25, 2026
- Boeing Holds Near Lows as MAX 10 Approval Meets a 777 Freighter Shutdown · Oct 24, 2026
- Is Boeing Cleared for Departure? Latest FAA Win Sets the Stage for Q3 Earnings Showdown on Oct. 27 · Oct 24, 2026
- GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production · Oct 23, 2026
BA stock FAQ
What is BA's market cap?
Boeing's market capitalization is $148.87 billion as of October 23, 2026, ranking 82nd in the S&P 500.
What is BA's P/E ratio?
BA trades at a trailing price-to-earnings ratio of 67.3x and a forward P/E of 50.1x. Its median P/E over the period we track is 20.0x.
Does BA pay a dividend?
No. Boeing does not currently pay a regular cash dividend.
How much has BA stock returned?
Including reinvested dividends, BA returned -13.5% over one year, -2.4% a year over five years, +4.2% a year over ten years through October 23, 2026.
What is the BA price target?
27 analysts cover BA with an average 12-month price target of $267.22, +42% from the current price. 86% of them rate it a buy.
When does BA report earnings?
Boeing is expected to report earnings on October 27, 2026.
How many employees does Boeing have?
Boeing has about 182,000 full-time employees, or $516,456 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology