BOEING CO

BA 10-K · Q4 2025

BA Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 23,948 15,242 +57.1%
Show Product Lines breakouts
Product 20,445 11,901 +71.8%
Service 3,503 3,341 +4.8%
Show Business Segments breakouts
Commercial Airplanes · Intersegment Elimination 50 42 +19.0%
Commercial Airplanes · Operating Segments 11,379 4,762 +139.0%
Show — breakouts
Revenue 78 97 -19.6%
Revenue 26,912 23,629 +13.9%
Revenue 20,601 19,665 +4.8%
Show Consolidation Items breakouts
Other -57 -50 -14.0%
Cost of Revenue (Q)
Show Product Lines breakouts
Product -19,239 -14,010 -37.3%
Service -2,897 -2,821 -2.7%
Cost of Revenue -22,136 -16,831 -31.5%
Gross Profit 1,812 -1,589 +214.0%
Income Lossfrom Investments -17 12 -241.7%
General & Administrative -1,663 -1,398 -19.0%
Research & Development -964 -836 -15.3%
Show Business Segments breakouts
Commercial Airplanes · Operating Segments -545 -534 -2.1%
Show — breakouts
Research & Development -259 -189 -37.0%
Research & Development 493 596 -17.3%
Show Consolidation Items breakouts
Other -126 -84 -50.0%
Gain Loss On Disposition Of Assets -9,609 -41 -23336.6%
Operating Income 8,777 -3,770 +332.8%
Show Business Segments breakouts
Commercial Airplanes · Operating Segments -632 -2,090 +69.8%
Show — breakouts
Operating Income -507 -2,267 +77.6%
Operating Income 13,095 6,764 +93.6%
Show Consolidation Items breakouts
Operating Segments 9,405 -3,359 +380.0%
Other Non-Operating Income (Expense) 201 432 -53.5%
Interest And Debt Expense -659 -755 +12.7%
Income Before Taxes 8,319 -4,093 +303.2%
Income Tax Expense (Benefit) -99 232 -142.7%
Net Income 8,220 -3,861 +312.9%
Show Equity Components breakouts
Noncontrolling Interest 0 4 -100.0%
Retained Earnings 8,220 -3,865 +312.7%
Net Income Loss Attributable To Noncontrolling Interest 0 4 -100.0%
Net Income 8,220 -3,865 +312.7%
Net Income Loss Available To Common Stockholders Diluted 8,134 -3,923 +307.3%
Net Income Loss Available To Common Stockholders Basic 8,134 -3,923 +307.3%
EPS (Basic) 10.74 -5.45 +297.1%
EPS (Diluted) 10.73 -5.45 +296.9%
Revenue (Q)
Show Business Segments breakouts
Commercial Airplanes · Asia 2,845 1,032 +175.7%
Commercial Airplanes · Europe 2,747 910 +201.9%
Commercial Airplanes · Middle East 1,176 394 +198.5%
Commercial Airplanes · Non Us 7,303 2,906 +151.3%
Commercial Airplanes · Operating Segments 11,329 4,720 +140.0%
Commercial Airplanes · Other 535 570 -6.1%
Commercial Airplanes · US 4,031 1,814 +122.2%
Show — breakouts
Revenue 2,960 2,954 +0.2%
Revenue 11,468 10,786 +6.3%
Revenue -547 -950 +42.4%
Revenue 5,585 4,265 +30.9%
Revenue -9,321 -8,995 -3.6%
Comprehensive Income 8,487 -4,507 +288.3%
Other Comprehensive Income 267 -642 +141.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 267 -642 +141.6%
Wtd Avg Shares (Basic) 3.1 31.1 -90.0%
Wtd Avg Shares (Diluted) 5.6 31.1 -82.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 81 -245 +133.1%
Operating Lease Lease Income 12 11 +9.1%
Income Loss From Equity Method Investments -14 17 -182.4%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 10,921 13,801 -20.9%
Short-Term Investments 18,479 12,481 +48.1%
Accounts Receivable 2,921 2,631 +11.0%
Other Assets Current 2,301 2,965 -22.4%
Total Current Assets 128,459 127,998 +0.4%
Non-Current Assets
Property, Plant & Equipment 15,361 11,412 +34.6%
Goodwill 17,275 8,084 +113.7%
Show Business Segments breakouts
Commercial Airplanes 11,325 1,328 +752.8%
Defense, Space & Security 3,218 3,218 0.0%
Defense, Space & Security · Military Aircraft 1,295
Global Services 2,638 3,444 -23.4%
Other 94 94 0.0%
Deferred Tax Assets 107 185 -42.2%
Long Term Investments 1,048 999 +4.9%
Other Non-Current Assets 4,177 5,414 -22.8%
Total Assets 168,235 156,363 +7.6%
Show Business Segments breakouts
Commercial Airplanes · Operating Segments 91,837 84,177 +9.1%
Defense, Space & Security · Operating Segments 16,723 15,350 +8.9%
Global Services · Operating Segments 16,026 16,704 -4.1%
Show Consolidation Items breakouts
Other 43,649 40,132 +8.8%
Operating Lease Right-of-Use Assets 2,123 1,984 +7.0%
Other Assets
Unbilled Contracts Receivable 9,158 8,363 +9.5%
Inventory Net Of Allowances Customer Advances And Progress Billings 84,679 87,550 -3.3%
Financing Receivables And Operating Lease Equipment Net 241 314 -23.2%
Intangible Assets Net Excluding Goodwill 1,567 1,957 -19.9%
Current Liabilities
Accounts Payable 13,109 11,364 +15.4%
Show Short Term Debt Type breakouts
Bank Overdrafts 127 110 +15.5%
Accrued Liabilities 27,141 24,103 +12.6%
Deferred Revenue (Current) 59,404 60,333 -1.5%
Debt Current 8,461 1,278 +562.1%
Total Current Liabilities 108,115 97,078 +11.4%
Non-Current Liabilities
Deferred Tax Liabilities 216 122 +77.0%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 2,091 2,176 -3.9%
Defined Benefit Pension Plan Liabilities Noncurrent 4,287 5,997 -28.5%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit 4,287 5,997 -28.5%
Other Non-Current Liabilities 2,432 2,318 +4.9%
Total Liabilities 162,778 160,277 +1.6%
Long-Term Debt -53,848 -53,625 -0.4%
Operating Lease Liabilities 1,932 1,770 +9.2%
Other Liabilities
Long Term Debt And Capital Lease Obligations 45,637 52,586 -13.2%
Stockholders' Equity
Preferred Stock Value (Q)
Show Statement Class Of Stock breakouts
Convertible Preferred Stock 6 6 0.0%
Common Stock 5,061 5,061 0.0%
Additional Paid-In Capital 21,441 18,964 +13.1%
Treasury Stock Common Value -28,029 -32,386 +13.5%
Retained Earnings 17,252 15,362 +12.3%
Accumulated Other Comprehensive Income -10,277 -10,915 +5.8%
Total Stockholders' Equity 5,454 -3,908 +239.6%
Minority Interest 3 -6 +150.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,457 -3,914 +239.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -10,431 -10,528 +0.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent 88 -211 +141.7%
Accumulated Net Unrealized Investment Gain Loss 2 2 0.0%
Accumulated Other Comprehensive Income -10,277 -10,915 +5.8%
Accumulated Translation Adjustment 64 -178 +136.0%
Additional Paid In Capital 21,441 18,964 +13.1%
Common Stock 5,061 5,061 0.0%
Noncontrolling Interest 3 -6 +150.0%
Preferred Stock · Convertible Preferred Stock 6 6 0.0%
Retained Earnings 17,252 15,362 +12.3%
Treasury Stock Common -28,029 -32,386 +13.5%
Total Liabilities & Equity 168,235 156,363 +7.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Stock-Based Compensation 83 97 -14.4%
Show Consolidation Items breakouts
Other 9 -53 +117.0%
Employee401k Treasury Stock Contribution Noncash Expense 357 286 +24.8%
Depreciation & Amortization 536 509 +5.3%
Show Business Segments breakouts
Commercial Airplanes · Operating Segments 132 117 +12.8%
Show — breakouts
Depreciation & Amortization 62 56 +10.7%
Depreciation & Amortization 137 151 -9.3%
Show Consolidation Items breakouts
Other 271 259 +4.6%
Asset Impairment Charges 13 64 -79.7%
Show Fair Value By Asset Class breakouts
Investments · Fair Value Measurements Nonrecurring 12 2 +500.0%
Other Assets · Fair Value Measurements Nonrecurring 1 18 -94.4%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Nonrecurring 13 64 -79.7%
Commercial Airplane Programs Change In Accounting Estimate 143 1,073 -86.7%
Other Non-Cash Items 47 258 -81.8%
Change in Accounts Receivable 741 238 +211.3%
Increase Decrease In Contract With Customer Asset 2 982 -99.8%
Change in Deferred Revenue 1,342 2,403 -44.2%
Change in Inventory -1,385 -5,499 +74.8%
Increase Decrease In Other Current Assets -72 10 -820.0%
Change in Accounts Payable 185 -915 +120.2%
Increase Decrease In Other Accrued Liabilities 767 1,236 -37.9%
Increase Decrease In Income Taxes 22 -285 +107.7%
Change in Other Liabilities -52 -101 +48.5%
Increase Decrease In Pension And Postretirement Obligations -157 -223 +29.6%
Increase Decrease Financing Receivables And Operating Lease Equipment Net 0 254 -100.0%
Increase Decrease In Other Operating Capital Net 148 65 +127.7%
Net Cash from Operations 1,331 -3,450 +138.6%
Investing Activities
Capital Expenditures -956 -648 -47.5%
Proceeds From Sale Of Property Plant And Equipment 77 3 +2466.7%
Payments To Acquire Investments -15,601 -12,105 -28.9%
Show Investment Type breakouts
Time Deposits -15,430 -11,960 -29.0%
Proceeds From Sale Maturity And Collections Of Investments 13,954 197 +6983.2%
Show Investment Type breakouts
Time Deposits 13,790 0
Increase Decrease From Supplier Notes Receivable -370 -200 -85.0%
Net Cash from Investing 6,400 -12,626 +150.7%
Financing Activities
Proceeds From Issuance Of Debt 27 41 -34.1%
Debt Repayments -2,900 -3,849 +24.7%
Tax Withholding for Share Compensation -6 -10 +40.0%
Proceeds From Payments For Other Financing Activities 15 -68 +122.1%
Net Cash from Financing -2,951 19,971 -114.8%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1 -55 +101.8%
Net Change in Cash 4,781 3,840 +24.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 11,663 13,822 -15.6%
Restricted Cash And Cash Equivalents 742 21 +3433.3%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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