Boeing (BA): analysis in plain words

Is Boeing cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.

Boeing (BA) is listed on the NYSE and we classify it in aerospace and defence. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Boeing according to those figures, and the questions people ask most about the stock. No buy or sell tips.

Boeing (BA) key figures as of November 4, 2026

The Boeing figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any BA figure that is not available shows as N/A: we do not estimate it.

How Boeing makes money

Boeing reports three segments. Commercial Airplanes sells passenger and freight jets such as the MAX and Dreamliner families to airlines worldwide. Defense, Space & Security builds military aircraft, helicopters, satellites and space systems, largely for the U.S. government. Global Services sells spare parts, maintenance, upgrades and training.

Over the last 12 months, Boeing brought in revenue of $94.9 billion. For every 100 it sells, Boeing keeps 9.4 after the direct cost of what it sells (gross margin) and 0.3 after all operating costs (operating margin). With 182,000 full-time employees, that is about $522,000 of revenue per employee.

Boeing against its sector

To know whether a Boeing figure is high or low you have to put it next to similar companies. This table compares Boeing with the median of the 12 aerospace and defence companies Fintols covers, with data as of November 4, 2026.

In short, against the typical aerospace and defence company, Boeing trades on a lower P/E, grows more slowly and pays a lower dividend yield. By size, Boeing ranks number 3 of 10 aerospace and defence companies quoted in USD on Fintols.

The bull case for Boeing

These are the strengths in the Boeing figures as of November 4, 2026:

• On a P/E basis Boeing trades cheaper than its sector: 18.3x its annual earnings, against 24.9x for the aerospace and defence median (12 companies with data).

The main risk for Boeing

Debt is heavy: Boeing carries net debt equal to 13.8x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.

On top of that: boeing stock sits 30% below its 52-week high ($254.35): the market has cut its expectations, and it is worth understanding why first.

And, like the rest of aerospace and defence, Boeing is exposed to production delays and problems, and changes in defence budgets.

Frequently asked questions about Boeing

Is it a good time to buy Boeing stock?

Fintols does not tell you whether to buy or sell Boeing, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Boeing stock trades at $177.00, 30% below its 52-week high ($254.35) and 7% above its low ($165.01). Its P/E is 18.3x against a aerospace and defence median of 24.9x, and 81.8x on the earnings analysts expect over the next 12 months. With Boeing, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.

Does Boeing pay a dividend?

No. As of November 4, 2026, Boeing does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Boeing today is counting on the share price rising, not on income.

Is Boeing stock expensive?

It depends on what you compare it with. On P/E, Boeing trades at 18.3x its last 12 months of earnings: cheaper than the aerospace and defence median (24.9x). Including its debt, Boeing is valued at 82.1x its EBITDA (EV/EBITDA). A high P/E alone does not make Boeing expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.

Who are Boeing's competitors?

On Fintols we compare Boeing with General Dynamics, GE Aerospace and Lockheed Martin, which are also in aerospace and defence. As of November 4, 2026, General Dynamics is worth $98.6 billion and trades on a P/E of 21.5; GE Aerospace is worth $341.8 billion and trades on a P/E of 37.7; Lockheed Martin is worth $137.5 billion and trades on a P/E of 21.1. Each has a side-by-side comparison with Boeing below.

Boeing competitors

• General Dynamics (GD) analysis · Boeing vs General Dynamics comparison
• GE Aerospace (GE) analysis · Boeing vs GE Aerospace comparison
• Lockheed Martin (LMT) analysis · Boeing vs Lockheed Martin comparison

To understand Boeing better

• How to Write an Investment Thesis (Step by Step)
• How to Read a Balance Sheet: A Beginner's Guide

More companies like Boeing: aerospace and defence stocks, S&P 500 companies and S&P 100 companies. Open the full BA analysis with its valuation and scenarios. Educational content about Boeing, not investment advice.