Financials Boeing

Equities

BA

US0970231058

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 01:22:08 24/01/2026 am IST			5-day change	1st Jan Change
252.72 ^USD	+0.52%		+2.10%	+16.47%

10:33pm	Diary - U.S. Earnings Week Ahead	RE
08:34pm	Adani, Embraer to announce pact next week to assemble civil aircraft in India, source says	RE

Projected Income Statement: Boeing

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	58,158	62,286	66,608	77,794	66,517	88,378	96,254	1,10,133
Change	-	7.1%	6.94%	16.79%	-14.5%	32.87%	8.91%	14.42%
EBITDA ¹	-10,521	-758	-1,568	1,088	-8,871	-1,981	6,289	10,067
Change	-	92.8%	-106.86%	169.39%	-915.35%	77.67%	417.5%	60.07%
EBIT ¹	-12,767	-2,902	-3,547	-773	-10,707	-3,875	5,372	8,405
Change	-	77.27%	-22.23%	78.21%	-1,285.12%	63.81%	238.64%	56.47%
Interest Paid ¹	-2,156	-2,682	-2,533	-2,459	-2,725	-2,814	-2,658	-2,313
Earnings before Tax (EBT) ¹	-14,476	-5,033	-5,022	-2,005	-12,210	-5,537	3,451	6,932
Change	-	65.23%	0.22%	60.08%	-508.98%	54.66%	162.34%	100.84%
Net income ¹	-11,873	-4,202	-4,935	-2,222	-11,817	-6,222	2,931	5,462
Change	-	64.61%	-17.44%	54.97%	-431.82%	47.35%	147.1%	86.38%
Announcement Date	27/01/21	26/01/22	25/01/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	15,304	15,217	16,998	15,278	14,793	13,991	16,681	15,956	19,980	17,921	19,751	18,104	22,018	16,569	16,866	17,840	15,242	19,496	22,749	23,270	22,716	22,427	24,145	25,132	26,036	25,242	27,533	29,088
Change	-	-0.57%	11.7%	-10.12%	-3.17%	-5.42%	19.23%	-4.35%	25.22%	-10.31%	10.21%	-8.34%	21.62%	-24.75%	1.79%	5.77%	-14.56%	27.91%	16.69%	2.29%	-2.38%	-1.28%	7.66%	4.09%	3.6%	-3.05%	9.07%	5.65%
EBITDA ¹	-7,471	453	1,574	852	-3,637	-683	1,272	-2,306	149	308	357	-341	764	356	-649	-5,317	-3,261	927	284	-4,290	1,127	1,288	1,541	1,982	2,105	2,039	2,372	2,568
Change	-	106.06%	247.46%	-45.87%	-526.88%	81.22%	286.24%	-281.29%	106.46%	106.71%	15.91%	-195.52%	324.05%	-53.4%	-282.3%	-719.26%	38.67%	128.43%	-69.36%	-1,610.56%	126.26%	14.34%	19.64%	28.57%	6.25%	-3.16%	16.34%	8.25%
EBIT ¹	-8,049	-83	1,023	329	-4,171	-1,169	774	-2,799	-353	-149	-99	-808	283	-86	-1,090	-5,761	-3,770	461	-176	-4,781	555	953.2	1,245	1,517	1,791	1,940	2,120	2,320
Change	-	98.97%	1,332.53%	-67.84%	-1,367.78%	71.97%	166.21%	-461.63%	87.39%	57.79%	33.56%	-716.16%	135.02%	-130.39%	-1,167.44%	-428.53%	34.56%	112.23%	-138.18%	-2,616.48%	111.61%	71.75%	30.61%	21.84%	18.06%	8.33%	9.28%	9.43%
Charge d'intérêts ¹	-698	-679	-673	-669	-661	-630	-650	-621	-632	-649	-621	-589	-600	-569	-673	-728	-755	-708	-710	-694	-701.9	-703	-678.9	-664.7	-660	-687	-687	-640
Earnings before Tax (EBT) ¹	-8,625	-572	549	-310	-4,700	-1,618	377	-3,132	-649	-496	-400	-1,100	-9	-378	-1,515	-6,224	-4,093	76	-561	-5,199	113.1	632.2	814.3	410.8	1,531	1,082	1,423	1,655
Change	-	93.37%	195.98%	-156.47%	-1,416.13%	65.57%	123.3%	-930.77%	79.28%	23.57%	19.35%	-175%	99.18%	-4,100%	-300.79%	-310.83%	34.24%	101.86%	-838.16%	-826.74%	102.18%	459.06%	28.8%	-49.55%	272.53%	-29.3%	31.53%	16.25%
Net income ¹	-8,420	-537	587	-109	-4,143	-1,219	193	-3,275	-634	-414	-149	-1,636	-23	-343	-1,439	-6,170	-3,865	-123	-697	-5,424	-3.177	369.6	561.4	794.7	1,013	930.2	1,197	1,401
Change	-	93.62%	209.31%	-118.57%	-3,700.92%	70.58%	115.83%	-1,796.89%	80.64%	34.7%	64.01%	-997.99%	98.59%	-1,391.3%	-319.53%	-328.77%	37.36%	96.82%	-466.67%	-678.19%	99.94%	11,732.62%	51.9%	41.55%	27.42%	-8.14%	28.71%	17.05%
Announcement Date	27/01/21	28/04/21	28/07/21	27/10/21	26/01/22	27/04/22	27/07/22	26/10/22	25/01/23	26/04/23	26/07/23	25/10/23	31/01/24	24/04/24	31/07/24	23/10/24	28/01/25	23/04/25	29/07/25	29/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Boeing

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	37,993	41,858	39,781	36,342	27,582	27,604	22,089	15,564
Change	-	10.17%	-4.96%	-8.64%	-24.1%	0.08%	-19.98%	-29.54%
Announcement Date	27/01/21	26/01/22	25/01/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Boeing

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,303	980	1,222	1,527	2,230	2,982	3,578	3,508
Change	-	-24.79%	24.69%	24.96%	46.04%	33.73%	19.97%	-1.94%
Free Cash Flow (FCF) ¹	-19,713	-4,396	2,290	4,433	-14,310	-1,940	2,319	6,687
Change	-	77.7%	152.09%	93.58%	-422.81%	86.45%	219.59%	188.29%
Announcement Date	27/01/21	26/01/22	25/01/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Boeing

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-18.09%	-1.22%	-2.35%	1.4%	-13.34%	-2.24%	6.53%	9.14%
EBIT Margin (%)	-21.95%	-4.66%	-5.33%	-0.99%	-16.1%	-4.38%	5.58%	7.63%
EBT Margin (%)	-24.89%	-8.08%	-7.54%	-2.58%	-18.36%	-6.26%	3.59%	6.29%
Net margin (%)	-20.42%	-6.75%	-7.41%	-2.86%	-17.77%	-7.04%	3.04%	4.96%
FCF margin (%)	-33.9%	-7.06%	3.44%	5.7%	-21.51%	-2.19%	2.41%	6.07%
FCF / Net Income (%)	166.03%	104.62%	-46.4%	-199.5%	121.1%	31.17%	79.15%	122.42%
Profitability
ROA	-8.31%	-2.89%	-3.58%	-1.62%	-2.89%	-5.28%	1.52%	3.24%
ROE	-	-	-	-	-	-	7.09%	142%
Financial Health
Leverage (Debt/EBITDA)	-3.61x	-55.22x	-25.37x	33.4x	-3.11x	-13.94x	3.51x	1.55x
Debt / Free cash flow	-1.93x	-9.52x	17.37x	8.2x	-1.93x	-14.23x	9.52x	2.33x
Capital Intensity
CAPEX / Current Assets (%)	2.24%	1.57%	1.83%	1.96%	3.35%	3.37%	3.72%	3.19%
CAPEX / EBITDA (%)	-12.38%	-129.29%	-77.93%	140.35%	-25.14%	-150.56%	56.89%	34.85%
CAPEX / FCF (%)	-6.61%	-22.29%	53.36%	34.45%	-15.58%	-153.76%	154.25%	52.47%
Items per share
Cash flow per share ¹	-32.36	-5.81	5.864	9.833	-18.66	1.273	7.813	10.76
Change	-	82.04%	200.94%	67.69%	-289.81%	106.82%	513.6%	37.66%
Dividend per Share ¹	-	-	-	-	-	-	-	0.3468
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-31.45	-25.47	-26.97	-28.45	-6.038	-11.98	-7.662	0.9023
Change	-	19.03%	-5.89%	-5.49%	78.78%	-98.36%	36.03%	111.78%
EPS ¹	-20.88	-7.15	-8.3	-3.67	-18.36	-8.157	3.739	6.969
Change	-	65.76%	-16.08%	55.78%	-400.27%	55.57%	145.84%	86.37%
Nbr of stocks (in thousands)	5,64,530	5,87,699	5,95,983	6,04,977	7,48,176	7,60,095	7,60,095	7,60,095
Announcement Date	27/01/21	26/01/22	25/01/23	31/01/24	28/01/25	-	-	-