Boeing Reports Strong Financial Performance

By Chris Stiles • Tuesday, January 27 15:08 • Permanent Link

Boeing reported its financial results for the fourth quarter and full year 2025, showing significant improvement in several key metrics compared to the previous year. The company's revenue for the fourth quarter of 2025 increased by 57% to $23.9 billion, primarily driven by 160 commercial deliveries. For the full year 2025, revenue stood at $89.5 billion, marking the highest annual total since 2018.

The company's GAAP earnings from operations for the fourth quarter of 2025 were $8.777 billion, a substantial increase compared to a loss of $3.770 billion in the same period in 2024. Similarly, for the full year 2025, GAAP earnings from operations amounted to $4.281 billion, a significant improvement from a loss of $10.707 billion in 2024.

Boeing's operating margins also reflected the positive trend, standing at 36.7% for the fourth quarter and 4.8% for the full year, compared to -24.7% and -16.1% in the respective periods of 2024.

The company reported net earnings of $8.220 billion for the fourth quarter of 2025, in stark contrast to a net loss of $3.861 billion in the same period a year ago. For the full year 2025, net earnings totaled $2.238 billion, a significant improvement from a net loss of $11.829 billion in 2024.

In terms of cash flow, Boeing's operating cash flow for the fourth quarter of 2025 was $1.331 billion, compared to a negative cash flow of $3.450 billion in the fourth quarter of 2024. For the full year 2025, operating cash flow was $1.065 billion, a positive swing from a negative cash flow of $12.080 billion in 2024. Additionally, the company's free cash flow (non-GAAP) for the fourth quarter of 2025 was $0.375 billion, a significant improvement from a negative free cash flow of $4.098 billion in the same period a year ago. For the full year 2025, free cash flow (non-GAAP) was reported at -$1.877 billion, a positive change from a negative free cash flow of $14.310 billion in 2024.

Boeing's total company backlog grew to a record $682 billion, including over 6,100 commercial airplanes, reflecting a substantial increase in orders compared to the previous period.

The company's segment results also showed improvements, with its commercial airplanes segment recording a revenue of $11.4 billion in the fourth quarter of 2025, compared to $4.762 billion in the same period in 2024. The defense, space & security segment reported a revenue of $7.4 billion in the fourth quarter of 2025, up from $5.411 billion in the fourth quarter of 2024. The global services segment's revenue for the same period was $5.209 billion, showing a slight increase from $5.119 billion in 2024.

Following these announcements, the company's shares moved -0.02%, and are now trading at a price of $247.68. For the full picture, make sure to review BOEING CO's 8-K report.

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