Boeing Company (BA)
NYSE:BA
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Boeing
(NYSE:BA)
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Rating:53Neutral
Price Target:
$222.00
▼(-0.62% Downside)
Action:ReiteratedDate:04/22/26
The score is held back primarily by constrained financial strength (very high leverage and still-weak operating profitability) and expensive valuation (high P/E). These are partially offset by improving cash/revenue trends and a constructive earnings-call outlook centered on production stabilization, record backlog, and reiterated 2026 positive free-cash-flow guidance, alongside mildly supportive technical momentum.
Positive Factors
Record Backlog / Orders
A nearly $700B backlog provides multi-year revenue visibility and underpins production schedules, supporting steady cash conversion as deliveries occur. This structural order book reduces demand cyclicality, aids long-term planning, and helps justify sustained capacity and supplier investments.
Negative Factors
Very High Leverage
Extremely elevated leverage materially limits financial flexibility and raises refinancing and interest-rate sensitivity. With a thin equity base, operational setbacks or cash-flow swings could force higher borrowing costs, constrain investment, and lengthen recovery timelines across business units.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Backlog / Orders
A nearly $700B backlog provides multi-year revenue visibility and underpins production schedules, supporting steady cash conversion as deliveries occur. This structural order book reduces demand cyclicality, aids long-term planning, and helps justify sustained capacity and supplier investments.
Read all positive factors
Boeing (BA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$183.23B
Dividend YieldN/A
Average Volume (3M)6.77M
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth32.74%
EPS GrowthN/A
CountryUS
Employees172,000
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.20
Shares Outstanding788,302,300
10 Day Avg. Volume5,343,230
30 Day Avg. Volume6,773,597
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)30.35
Price to Sales (P/S)1.85
P/FCF Ratio-88.18
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue2.40
Enterprise Value/Gross Profit49.85
Enterprise Value/Ebitda31.00
Forecast
1Y Price Target
$273.77Price Target Upside22.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)0.21
Revenue Forecast (FY)$97.73B
Boeing Business Overview & Revenue Model
Company Description
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide....
How the Company Makes Money
Boeing generates revenue primarily from (1) selling aircraft and aerospace/defense products and (2) providing lifecycle services tied to those platforms. Commercial Airplanes revenue comes largely from delivering commercial jetliners to airline an...
Boeing Key Performance Indicators (KPIs)
Any
Commercial Airplane Deliveries
Tracks the number of aircraft delivered to customers, indicating production efficiency and demand in the commercial aviation market.
Tracks the number of aircraft delivered to customers, indicating production efficiency and demand in the commercial aviation market.
Data provided by:
The Fly
The FlyBoeing Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call showed clear operational momentum and meaningful top-line growth across all three segments, with record backlog levels, improving program stability, production rate plans (737 ramp), and defense/services wins supporting a constructive outlook. The quarter also contained notable near-term headwinds — negative free cash flow, lingering negative BCA margins, supply-chain and certification delays (787 seats, 777X engine fix) and Spirit integration cash drag — but management provided concrete remediation plans and reiterated full-year positive free cash flow guidance and debt reduction progress. Overall, the positives around revenue growth, backlog, rate stabilization and segment-level improvements outweigh the near-term challenges, with execution and certification progress being key for sustaining the recovery.Positive Updates
Consolidated Revenue Growth
Consolidated revenue rose 14% year-over-year to $22.2 billion, driven by solid growth across Commercial Airplanes (BCA), Defense & Space (BDS) and Boeing Global Services (BGS).
Negative Updates
Quarterly Free Cash Flow Usage
Free cash flow was a negative $1.5 billion in the quarter (usage), driven by seasonal corporate expenditures and planned CapEx increases, though management expects improvement later in the year.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Consolidated revenue rose 14% year-over-year to $22.2 billion, driven by solid growth across Commercial Airplanes (BCA), Defense & Space (BDS) and Boeing Global Services (BGS).
Read all positive updates
Company Guidance
Boeing reiterated a 2026 cash and operational plan that targets positive free cash flow of $1–3 billion (Q1 FCF usage $1.5B; Q2 expected a low‑hundreds‑million outflow with the second half turning positive and the DOJ payment assumed in H2) and longer‑term FCF potential toward ~$10B, while reporting Q1 consolidated revenue $22.2B (up 14%), operating margin 2% and core loss/share $0.20. Commercial Airplanes delivered 143 jets in Q1 (737:114; 787:15), expects ~500 737 deliveries in 2026 with production stabilized at 42/month moving to 47/month this summer and to 52/month after the Everett North line is authorized, and guides 787 deliveries of 90–100 for the year with production at 8/month ramping to 10/month later in 2026; 737‑7/737‑10 certification is on track for later in 2026 with deliveries beginning in 2027 and 777X first delivery targeted in 2027 (TIA‑4a approved, 4b forthcoming). Management described a record backlog of nearly $700B (BCA $576B, 6,100+ airplanes; BDS $86B; BGS $33B), and Q1 segment results included BCA revenue $9.2B (margin ‑6.1%), BDS revenue $7.6B (margin 3.1%, $9B booked orders, backlog $86B) and BGS revenue $5.4B (margin 18.1%, $8B orders, book‑to‑bill 1.6, backlog $33B); liquidity stood at $20.9B cash/marketable securities, debt $47.2B (down $6.9B) with $1.4B maturities remaining and $10B of undrawn credit.Boeing Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
28
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.18B | 89.46B | 66.52B | 77.79B | 66.61B | 62.29B |
| Gross Profit | 4.43B | 4.29B | -1.96B | 7.71B | 3.46B | 6.48B |
| EBITDA | 7.13B | 7.36B | -7.65B | 2.31B | -510.00M | -207.00M |
| Net Income | 2.27B | 2.23B | -11.82B | -2.22B | -4.93B | -4.20B |
Balance Sheet | ||||||
| Total Assets | 164.79B | 168.24B | 156.36B | 137.01B | 137.10B | 138.55B |
| Cash, Cash Equivalents and Short-Term Investments | 9.44B | 29.40B | 26.28B | 15.96B | 17.22B | 16.24B |
| Total Debt | 47.21B | 54.43B | 54.19B | 52.60B | 57.28B | 58.37B |
| Total Liabilities | 158.80B | 162.78B | 160.28B | 154.24B | 152.95B | 153.40B |
| Stockholders Equity | 5.99B | 5.45B | -3.91B | -17.23B | -15.88B | -15.00B |
Cash Flow | ||||||
| Free Cash Flow | -1.04B | -1.88B | -14.40B | 4.43B | 2.29B | -4.40B |
| Operating Cash Flow | 2.50B | 1.06B | -12.08B | 5.96B | 3.51B | -3.42B |
| Investing Cash Flow | 7.93B | 499.00M | -11.97B | -2.44B | 4.37B | 9.32B |
| Financing Cash Flow | -10.45B | -3.76B | 25.21B | -5.49B | -1.27B | -5.60B |
Boeing Technical Analysis
Positive
223.38
Price Trends
219.82
Positive
219.84
Positive
219.39
Positive
Market Momentum
2.24
Negative
58.45
Neutral
77.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BA, the sentiment is Positive. The current price of 223.38 is above the 20-day moving average (MA) of 208.41, above the 50-day MA of 219.82, and above the 200-day MA of 219.39, indicating a bullish trend. The MACD of 2.24 indicates Negative momentum. The RSI at 58.45 is Neutral, neither overbought nor oversold. The STOCH value of 77.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BA.
Boeing Risk Analysis
Boeing disclosed 24 risk factors in its most recent earnings report. Boeing reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boeing Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $84.83B | 21.58 | 17.57% | 1.73% | 10.13% | 13.27% | |
68 Neutral | $296.93B | 38.03 | 46.39% | 0.48% | 21.75% | 26.48% | |
67 Neutral | $81.68B | 27.70 | 28.05% | 1.55% | 4.95% | 26.05% | |
67 Neutral | $234.67B | 31.57 | 11.23% | 1.44% | 10.56% | 56.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $118.38B | 23.12 | 80.53% | 2.77% | 4.59% | -10.76% | |
53 Neutral | $183.23B | -10,177.67 | -94.94% | ― | 32.74% | ― |
* Industrials Sector Average
BA
Boeing
232.44
50.14
27.50%
GD
General Dynamics
313.21
46.18
17.29%
GE
GE Aerospace
284.60
84.80
42.44%
LMT
Lockheed Martin
513.45
49.83
10.75%
NOC
Northrop Grumman
575.11
99.44
20.91%
RTX
RTX
174.26
51.53
41.99%
Boeing Corporate Events
Executive/Board ChangesShareholder Meetings
Boeing Shareholders Back Board, Pay, and Governance Status Quo
Positive
Apr 17, 2026
At its April 17, 2026 annual meeting, Boeing shareholders elected the full slate of director nominees with comfortable margins, signaling continued investor support for the current board and governance structure. Shareholders also approved on an a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.