The Boeing Company (BA) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↑
N/A
—
5yr avg: 132.63
30Y Low6.8·High76.4
P/FCF
↓
N/A
—
5yr avg: 42.57
30Y Low7.7·High67.0
P/B Ratio
31.11
+3% vs avg
5yr avg: 30.33
30Y Low2.6·High114.3
ROE
289.7%
+0% vs avg
5yr avg: 289.7%
30Y Low-1%·High290%
Debt/EBITDA
↑
N/A
—
5yr avg: 38.32
30Y Low0.9·High26.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Boeing Company trades at 89.8x earnings, roughly in line with its 5-year average of 87.5x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 251%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $175.6B | $165.5B | $114.5B | $158.0B | $113.4B | $118.4B | $121.8B | $185.0B | $189.0B | $180.1B | $100.2B |
| Enterprise Value | $219.1B | $209.0B | $154.9B | $197.9B | $156.0B | $168.7B | $177.9B | $203.1B | $195.2B | $182.3B | $101.4B |
| P/E Ratio → | 89.81 | 87.55 | — | — | — | — | — | — | 18.08 | 21.96 | 20.46 |
| P/S Ratio | 1.96 | 1.85 | 1.72 | 2.03 | 1.70 | 1.90 | 2.09 | 2.42 | 1.87 | 1.92 | 1.06 |
| P/B Ratio | 31.11 | 30.33 | — | — | — | — | — | — | 461.10 | 437.14 | 114.28 |
| P/FCF | — | — | — | 35.64 | 49.51 | — | — | — | 13.97 | 15.70 | 12.71 |
| P/OCF | 164.85 | 155.41 | — | 26.51 | 32.28 | — | — | — | 12.34 | 13.50 | 9.55 |
P/E links to full P/E history page with 30-year chart
BA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.34 | 2.33 | 2.54 | 2.34 | 2.71 | 3.06 | 2.65 | 1.93 | 1.94 | 1.07 |
| EV / EBITDA | — | — | — | 188.83 | — | 76.44 | — | 606.13 | 14.03 | 14.96 | 13.62 |
| EV / EBIT | — | 38.66 | — | 435.90 | — | — | — | — | 16.16 | 17.42 | 17.27 |
| EV / FCF | — | — | — | 44.64 | 68.14 | — | — | — | 14.42 | 15.89 | 12.86 |
BA Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Boeing Company earns an operating margin of -6.1%, below the Industrials sector average of 4.3%. Operating margins have compressed from -1.0% to -6.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 289.7% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 8.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 4.8% | 4.8% | -2.9% | 9.9% | 5.2% | 10.4% | 1.7% | 5.9% | 19.4% | 18.5% | 14.6% |
| Operating Margin | -6.1% | -6.1% | -16.2% | -1.0% | -5.3% | 0.1% | -10.8% | -2.5% | 11.7% | 10.8% | 5.9% |
| Net Profit Margin | 2.5% | 2.5% | -17.8% | -2.9% | -7.4% | -6.7% | -20.4% | -0.8% | 10.3% | 9.0% | 5.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 289.7% | 289.7% | — | — | — | — | — | — | 2543.3% | 1311.4% | 134.5% |
| ROA | 1.4% | 1.4% | -8.1% | -1.6% | -3.6% | -2.9% | -8.3% | -0.5% | 10.0% | 9.3% | 5.3% |
| ROIC | -9.5% | -9.5% | -27.4% | -2.5% | -8.6% | 0.1% | -19.7% | -17.7% | 189.6% | 316.2% | 116.3% |
| ROCE | -9.1% | -9.1% | -21.5% | -1.8% | -6.9% | 0.1% | -12.4% | -5.4% | 32.9% | 26.7% | 13.2% |
BA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $43.5B ($54.4B total debt minus $10.9B cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 9.97 | 9.97 | — | — | — | — | — | — | 33.77 | 26.98 | 11.41 |
| Debt / EBITDA | — | — | — | 50.19 | — | 26.45 | — | 82.25 | 1.00 | 0.91 | 1.34 |
| Net Debt / Equity | — | 7.97 | — | — | — | — | — | — | 14.90 | 5.38 | 1.38 |
| Net Debt / EBITDA | — | — | — | 38.08 | — | 22.80 | — | 53.94 | 0.44 | 0.18 | 0.16 |
| Debt / FCF | — | — | — | 9.00 | 18.63 | — | — | — | 0.45 | 0.19 | 0.15 |
| Interest Coverage | 1.95 | 1.95 | -3.48 | 0.18 | -0.98 | -0.88 | -5.71 | -2.13 | 25.43 | 29.07 | 19.20 |
BA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.19x means The Boeing Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.40x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 1.32 | 1.14 | 1.22 | 1.33 | 1.39 | 1.05 | 1.08 | 1.16 | 1.25 |
| Quick Ratio | 0.40 | 0.40 | 0.42 | 0.31 | 0.35 | 0.36 | 0.46 | 0.26 | 0.31 | 0.37 | 0.38 |
| Cash Ratio | 0.27 | 0.27 | 0.27 | 0.17 | 0.19 | 0.20 | 0.29 | 0.10 | 0.10 | 0.18 | 0.20 |
| Asset Turnover | — | 0.53 | 0.43 | 0.57 | 0.49 | 0.45 | 0.38 | 0.57 | 0.86 | 1.02 | 1.05 |
| Inventory Turnover | 1.01 | 1.01 | 0.78 | 0.88 | 0.81 | 0.71 | 0.70 | 0.94 | 1.30 | 1.73 | 1.87 |
| Days Sales Outstanding | — | 49.28 | 61.46 | 51.92 | 61.95 | 66.68 | 63.08 | 59.46 | 51.84 | 44.25 | 35.74 |
BA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Boeing Company returns 0.2% to shareholders annually primarily through dividends. The earnings yield of 1.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | — | — | — | — | 1.0% | 2.5% | 2.1% | 1.9% | 2.7% |
| Payout Ratio | — | — | — | — | — | — | — | — | 37.7% | 40.4% | 56.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.1% | — | — | — | — | — | — | 5.5% | 4.6% | 4.9% |
| FCF Yield | — | — | — | 2.8% | 2.0% | — | — | — | 7.2% | 6.4% | 7.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 4.8% | 5.1% | 7.0% |
| Total Shareholder Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 3.9% | 6.8% | 7.0% | 9.7% |
| Shares Outstanding | — | $762M | $647M | $606M | $595M | $588M | $569M | $568M | $586M | $611M | $644M |
Peer Comparison
Compare BA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BAYou | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $74B | 17.9 | 15.5 | 22.4 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 GD | $95B | 22.6 | 16.9 | 23.9 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
 AIR | $5B | 385.4 | 26.2 | 3812.5 | 19.0% | 6.7% | 1.0% | 6.4% | 4.4 |
 HII | $11B | 18.5 | 14.5 | 14.2 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 TDG | $75B | 41.4 | 22.6 | 41.3 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 AXON | $34B | 280.4 | 1651.5 | 454.4 | 59.7% | -2.2% | 4.5% | -1.3% | 90.6 |
 LDOS | $13B | 9.6 | 7.6 | 8.3 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 BAH | $8B | 9.6 | 9.0 | 8.4 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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BA — Frequently Asked Questions
Quick answers to the most common questions about buying BA stock.
What is The Boeing Company's P/E ratio?
The Boeing Company's current P/E ratio is 89.8x. The historical average is 26.0x. This places it at the 100th percentile of its historical range.
What is The Boeing Company's ROE?
The Boeing Company's return on equity (ROE) is 289.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 68.1%.
Is BA stock overvalued?
Based on historical data, The Boeing Company is trading at a P/E of 89.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Boeing Company's dividend yield?
The Boeing Company's current dividend yield is 0.19%.
What are The Boeing Company's profit margins?
The Boeing Company has 4.8% gross margin and -6.1% operating margin.