What is Boeing's debt-to-equity?

Boeing (BA) reported debt-to-equity of 10.4× in Q4 2025.

What does debt-to-equity mean?

How much debt the company carries for every dollar of shareholder equity.

How do you interpret debt-to-equity?

Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.

How does debt-to-equity compare across companies?

Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.

Boeing BA Debt-to-equity

Debt-to-equity at other companies

General DynamicsGD

0.4×-0.1×

Raytheon TechnologiesRTX

0.6×-0.1×

L3Harris TechnologiesLHX

0.6×-0.1×

TextronTXT

0.1×0.0×

Lockheed MartinLMT

2.8×-0.3×

Northrop GrummanNOC

1×-0.1×

Other financials

Income statement

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Revenue$22.2B+14.0%

Gross profit$2.5B+5.3%

Operating income$448.0M-2.8%

Net income-$4.0M+89.2%

EPS (diluted)-$0.11+31.3%

Balance sheet

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Cash & equivalents$9.4B-6.9%

Total equity$6.0B+280%

Total assets$164.79B+5.3%

Cash flow

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Operating cash flow-$179.0M+88.9%

CapEx$1.3B+89.2%

Free cash flow-$1.5B+36.5%

Valuation

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Market cap$177.86B+21.9%

P/E78.4×—

P/S1.9×-0.2×

Profitability

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Gross margin4.8%+3.7pp

Operating margin4.6%+2.6pp

Net margin2.5%+1.3pp

Returns & leverage

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Return on equity1,504.4%—

Current ratio1.2×-0.1×

Where this comes from

Calculated from Boeing’s reported figures.

total debt/total stockholders equity=10.4×

Based on the most recent quarter.

The official record: Boeing’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boeing's debt-to-equity?: Boeing (BA) reported debt-to-equity of 10.4× in Q4 2025.
What does debt-to-equity mean?: How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?: Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?: Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.