Boeing Co
boeing.comWhat Do They Do?
Builds commercial jetliners and military and space systems, and provides support services to airlines, governments and defense customers.
10-K for FY2025, filed Jan 30, 2026This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a…View ↗
This segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems…View ↗
This segment provides services to our commercial and defense customers worldwide. Global Services sustains aerospace platforms and systems…View ↗
How Do They Make Money?
For aircraft, airlines make deposits and scheduled payments, with the balance due just before or at delivery. Long-term contracts bring revenue as work progresses, though payments may come before or after; spare parts are typically paid for shortly after delivery, and service revenue builds as services are provided.
10-K for FY2025, filed Jan 30, 2026Payments for commercial aircraft sales are received in accordance with the customer agreement, which generally includes a deposit upon…View ↗
Long-term contracts Substantially all contracts at BDS and certain contracts at BGS are long-term contracts with the U.S. government and…View ↗
Long-term contract revenue is recognized over the contract term (over time) as the work progresses, either as products are produced or as…View ↗
Payments under long-term contracts may be received before or after revenue is recognized. The U.S. government customer typically withholds…View ↗
Commercial spare parts contracts Certain contracts at our BGS segment include sales of commercial spare parts. For each contract, we…View ↗
Other service revenue contracts Certain contracts at our BGS segment are for sales of services to commercial customers including…View ↗
-
10-K for FY2025, filed Jan 30, 2026
FY2025 revenue by product or service ↗
$89.5B
-
10-K for FY2025, filed Jan 30, 2026
$89.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of products
|
84%
FY2022: 84%
|
Sales of products, FY2025
$75.4B Sources
|
|
|
Sales of services
Mix
10-K for FY2025, filed Jan 30, 2026 |
16%
FY2022: 16%
|
Sales of services, FY2025
$14.1B Sources
|
Mix |
Who Are Their Customers?
Commercial airlines buy jetliners; governments buy military aircraft and other defense and space systems through long-term contracts. Boeing also sells parts, maintenance, modifications, training and digital services to commercial and government customers.
10-K for FY2025, filed Jan 30, 2026This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a…View ↗
This segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems…View ↗
This segment provides services to our commercial and defense customers worldwide. Global Services sustains aerospace platforms and systems…View ↗
Long-term contracts Substantially all contracts at BDS and certain contracts at BGS are long-term contracts with the U.S. government and…View ↗
BGS provides parts, maintenance, modifications, logistics support, training, data analytics and information-based services to commercial…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$1.9B.
10-K for FY2025, filed Jan 30, 2026
$4.3BView ↗
10-K for FY2025, filed Jan 30, 2026
$2.2BView ↗
10-K for FY2025, filed Jan 30, 2026
−$1.9BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 28, 2026
−$444MView ↗
- ▼ −27% (Loss)
- vs −$611M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 28, 2026
Open tableView ↗
Growing. Revenue grew 44% in 4 years, from $62.3B in FY2021 to $89.5B in FY2025, about 9% a year.
Commercial jet lineup changed
The older report says production ended for a wide-body jetliner; the latest report's in-production lineup lists other commercial jetliner models.
10-K for FY2022, filed Jan 27, 2023 10-K for FY2025, filed Jan 30, 2026This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a…View ↗
This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a…View ↗
Who Do They Compete With?
Competes with Airbus, General Dynamics, Lockheed Martin, Northrop Grumman, RTX, SpaceX, BAE Systems, and Airbus Group
10-K for FY2025, filed Jan 30, 2026The commercial jet aircraft market and the airline industry remain extremely competitive. BCA faces aggressive international competitors…View ↗
Loading...
