
The Boeing Company Income Statement 2025-2011 | BA
Brief overview of financial performance at The Boeing Company
The figures are compared over a five-year interval. According to figures from The Boeing Company, revenue changed from 58.2 billion dollars to 89.5 billion dollars over five years. The cumulative result was +53.8%, corresponding to roughly 9% per year. Sales increased steadily, although without strong acceleration.
At the gross-profit level, the result moved from −$5.7 billion to $4.3 billion, a change of +175.4%. Direct costs grew more slowly than revenue and improved the economics of sales. At the margin level, the figure shifted from −9.8% to 4.8%. A wider margin shows that the economics of the core business improved.
Over the period, EBITDA shifted from −10.5 billion dollars to 6.2 billion dollars, a change of +159.3%. EBITDA grew faster than revenue, indicating positive operating leverage. Comparing the endpoints gives EBITDA margins of −18.1% and 7%. A wider margin confirms stronger operating efficiency.
The final result was −$11.9 billion initially and $2.2 billion in the final year. The business moved out of a loss and ended the period with a profit.
Market value was 217 billion dollars at the start and 178 billion dollars at the end. The valuation did not keep pace with the reported progress.
Summary assessment
The figures do not all move in the same direction. The strongest signals are revenue expansion, a stronger gross margin and a stronger final result. The overall view is constrained by a low gross margin. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement The Boeing Company
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
178 B | 114 B | 128 B | 215 B | 204 B | 217 B | 326 B | 225 B | 204 B | 105 B | 82.7 B | 106 B | 96.2 B | 56.5 B | 55.3 B |
Shares |
760 M | 647 M | 606 M | 1.01 B | 1.01 B | 1.01 B | 1.01 B | 580 M | 603 M | 636 M | 688 M | 729 M | 760 M | 757 M | 745 M |
Historical Prices |
234 | 177 | 211 | 212 | 201 | 214 | 322 | 312 | 280 | 142 | 128 | 112 | 115 | 62.3 | 59.2 |
Net Income |
2.24 B | -11.8 B | -2.22 B | -4.94 B | -4.2 B | -11.9 B | -636 M | 10.5 B | 8.2 B | 4.9 B | 5.18 B | 5.45 B | 4.58 B | 3.9 B | 4.02 B |
Revenue |
89.5 B | 66.5 B | 77.8 B | 66.6 B | 62.3 B | 58.2 B | 76.6 B | 101 B | 93.4 B | 94.6 B | 96.1 B | 90.8 B | 86.6 B | 81.7 B | 68.7 B |
Cost of Revenue |
85.2 B | 68.5 B | 70.1 B | 63.1 B | 59.2 B | 63.8 B | 72.1 B | 81.5 B | 76.6 B | 79 B | 82.1 B | 76.8 B | 73.3 B | 68.7 B | 55.9 B |
Gross Profit |
4.29 B | -1.99 B | 7.72 B | 3.53 B | 3.05 B | -5.68 B | 4.47 B | 19.6 B | 17.3 B | 13.8 B | 14 B | 14 B | 13.4 B | 13.1 B | 12.9 B |
Operating Income |
4.28 B | -10.7 B | -773 M | -3.52 B | -2.87 B | -12.8 B | -1.98 B | 12 B | 10.3 B | 6.53 B | 7.44 B | 7.47 B | 6.56 B | 6.29 B | 5.82 B |
Interest Expense |
1.12 B | 1.22 B | 1.23 B | 1.06 B | 551 M | 447 M | 438 M | 92 M | 123 M | -438 M | -13 M | -3 M | 56 M | 62 M | 47 M |
EBITDA |
6.23 B | -8.87 B | 1.09 B | -1.54 B | -726 M | -10.5 B | 296 M | 13.9 B | 12.1 B | 7.45 B | 9 B | 9.1 B | 8.17 B | 7.85 B | 7.48 B |
Operating Expenses |
- | - | - | - | - | - | - | 7.84 B | 7.27 B | 8.24 B | 6.86 B | 6.81 B | 7.03 B | 7.02 B | 7.05 B |
General and Administrative Expenses |
6.09 B | 5.02 B | 5.17 B | 4.19 B | 4.16 B | 4.82 B | 3.91 B | 4.57 B | 4.09 B | 3.62 B | 3.52 B | 3.77 B | 3.96 B | 3.72 B | - |
All numbers in USD currency
Quarterly Income Statement The Boeing Company
| 2026-Q1 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
788 M | 757 M | 753 M | 619 M | 616 M | 613 M | 607 M | 605 M | 602 M | - | 596 M | 594 M | 591 M | 1.01 B | 589 M | 587 M | 585 M | 1.01 B | 566 M | 566 M | 565 M | 1.01 B | 565 M | 565 M | 567 M | 1.01 B | 574 M | 582 M | 590 M | 1.01 B | 598 M | 602 M | 614 M | 1.01 B | 625 M | 635 M | 659 M | 1.01 B | 680 M | 690 M | 705 M | 1.01 B | 722 M | 730 M | 743 M | 1.01 B | 758 M | 761 M | 761 M | 1.01 B | 757 M | 754 M | 750 M | 1.01 B | 748 M | 746 M | 743 M |
Net Income |
-4 M | -611 M | -37 M | -6.17 B | -1.44 B | -343 M | -1.64 B | -149 M | -414 M | - | -3.28 B | 193 M | -1.22 B | - | -109 M | 587 M | -537 M | -8.42 B | -449 M | -2.38 B | -628 M | -1.01 B | 1.17 B | -2.94 B | 2.15 B | 3.42 B | 2.36 B | 2.2 B | 2.48 B | 3.32 B | 1.81 B | 1.75 B | 1.58 B | 1.63 B | 2.28 B | -234 M | 1.22 B | 1.03 B | 1.7 B | 1.11 B | 1.34 B | 1.47 B | 1.36 B | 1.65 B | 965 M | 1.23 B | 1.16 B | 1.09 B | 1.11 B | 978 M | 1.03 B | 967 M | 923 M | 1.39 B | 1.1 B | 941 M | 586 M |
Revenue |
22.2 B | 22.7 B | 19.5 B | 17.8 B | 16.9 B | 16.6 B | 18.1 B | 19.8 B | 17.9 B | - | 16 B | 16.7 B | 14 B | - | 15.3 B | 17 B | 15.2 B | 15.3 B | 14.1 B | 11.8 B | 16.9 B | 17.9 B | 20 B | 15.8 B | 22.9 B | 28.3 B | 25.1 B | 24.3 B | 23.4 B | 24.8 B | 24.2 B | 23.1 B | 22 B | 23.3 B | 23.9 B | 24.8 B | 22.6 B | 23.6 B | 25.8 B | 24.5 B | 22.1 B | 24.5 B | 23.8 B | 22 B | 20.5 B | 23.8 B | 22.1 B | 21.8 B | 18.9 B | 22.3 B | 20 B | 20 B | 19.4 B | 19.6 B | 17.7 B | 16.5 B | 14.9 B |
Cost of Revenue |
19.7 B | 20.3 B | 17.1 B | 21.3 B | 15.6 B | 14.7 B | 16.9 B | 17.8 B | 16 B | - | 16.8 B | 14.6 B | 13.6 B | - | 13.6 B | 14.6 B | 13.8 B | 21 B | 13.1 B | 13 B | 16.8 B | 18.7 B | 16.9 B | 17.8 B | 18.6 B | 22.1 B | 21 B | 19.5 B | 18.8 B | 19.9 B | 20 B | 18.7 B | 18.1 B | 19.5 B | 19.9 B | 22.3 B | 19.1 B | 20.6 B | 21.6 B | 21.4 B | 18.5 B | 20.7 B | 20.1 B | 18.7 B | 17.3 B | 20.4 B | 18.7 B | 18.4 B | 15.8 B | 19 B | 16.8 B | 16.7 B | 16.1 B | 16.3 B | 14.4 B | 13.2 B | 12 B |
Gross Profit |
2.55 B | 2.44 B | 2.42 B | -3.51 B | 1.23 B | 1.88 B | 1.16 B | 1.94 B | 1.92 B | - | -815 M | 2.13 B | 353 M | - | 1.71 B | 2.41 B | 1.41 B | - | 1.03 B | -1.17 B | 140 M | - | 3.05 B | -2.06 B | 4.27 B | - | 4.11 B | 4.72 B | 4.56 B | - | 4.27 B | 4.35 B | 3.89 B | - | 3.99 B | 2.43 B | 3.54 B | - | 4.25 B | 3.19 B | 3.65 B | - | 3.71 B | 3.38 B | 3.17 B | - | 3.46 B | 3.36 B | 3.14 B | - | 3.21 B | 3.26 B | 3.31 B | - | 3.37 B | 3.34 B | 2.86 B |
Operating Income |
448 M | -176 M | 461 M | -5.76 B | -1.09 B | -86 M | -808 M | -99 M | -149 M | - | -2.79 B | 780 M | -1.16 B | - | 329 M | 1.02 B | -83 M | -8.05 B | -401 M | -2.96 B | -1.35 B | -2.2 B | 1.26 B | -3.38 B | 2.35 B | 4.18 B | 2.23 B | 2.71 B | 2.88 B | 2.98 B | 2.63 B | 2.53 B | 2.21 B | 2.18 B | 2.28 B | -419 M | 1.79 B | 1.16 B | 2.58 B | 1.68 B | 2.02 B | 2.02 B | 2.12 B | 1.79 B | 1.54 B | 1.52 B | 1.8 B | 1.72 B | 1.53 B | 1.62 B | 1.56 B | 1.54 B | 1.56 B | 1.6 B | 1.71 B | 1.53 B | 1 B |
Interest Expense |
194 M | 325 M | 323 M | 265 M | 248 M | 277 M | 297 M | 320 M | 302 M | - | 288 M | 253 M | 181 M | - | 30 M | 199 M | 190 M | - | 119 M | 94 M | 112 M | - | 121 M | 107 M | 106 M | - | 12 M | -15 M | 66 M | - | 40 M | 25 M | 26 M | - | 2 M | 13 M | 26 M | - | -26 M | 15 M | -12 M | - | -9 M | 11 M | 9 M | - | 19 M | 13 M | 9 M | - | 17 M | 10 M | 12 M | - | 49 M | 14 M | 13 M |
EBITDA |
1.02 B | 284 M | 927 M | - | -649 M | 356 M | - | - | 308 M | - | -1.32 B | 780 M | -676 M | - | 1.94 B | 1.02 B | 453 M | -8.05 B | 1.27 B | -1.86 B | -797 M | -2.2 B | 2.9 B | -2.31 B | 2.87 B | 4.18 B | 3.76 B | 3.72 B | 3.38 B | 2.98 B | 4.1 B | 3.49 B | 2.67 B | 2.18 B | 3.65 B | 471 M | 2.23 B | 1.16 B | 3.93 B | 2.6 B | 2.48 B | 2.02 B | 3.5 B | 2.69 B | 1.99 B | 1.52 B | 3.13 B | 2.58 B | 1.96 B | 1.62 B | 2.87 B | 2.39 B | 1.99 B | 1.6 B | 2.95 B | 2.35 B | 1.38 B |
General and Administrative Expenses |
1.2 B | 1.79 B | 1.11 B | 1.08 B | 1.38 B | 1.16 B | 1.04 B | 1.29 B | 1.3 B | - | 1.23 B | 668 M | 863 M | - | 1.1 B | 1.04 B | 1.03 B | - | 955 M | 1.16 B | 873 M | - | 1 B | 672 M | 1.18 B | - | 1.15 B | 1.19 B | 997 M | - | 918 M | 1.04 B | 929 M | - | 923 M | 806 M | 888 M | - | 889 M | 760 M | 945 M | - | 932 M | 918 M | 877 M | - | 956 M | 929 M | 971 M | - | 916 M | 903 M | 955 M | - | 807 M | 870 M | 866 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company The Boeing Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.