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Boeing BA Free cash flow margin

Free cash flow margin at other companies

General Dynamics logo
General DynamicsGD
11.5%+4.7pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
9.4%+2.8pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
6.7%+0.6pp
Textron logo
TextronTXT
5.7%+1.7pp
Lockheed Martin logo
Lockheed MartinLMT
7.7%+0.8pp
Northrop Grumman logo
Northrop GrummanNOC
7.8%+3.4pp

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%
Debt / equity10.4×
Current ratio1.2×-0.1×

Where this comes from

Calculated from Boeing’s reported figures.

Based on trailing twelve months.

The official record: Boeing’s 10-Q, filed July 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boeing's free cash flow margin?
Boeing (BA) reported free cash flow margin of -11.3% in Q2 2025.
How has Boeing's free cash flow margin changed year-over-year?
Boeing's free cash flow margin decreased by 57.2% year-over-year, from -7.2% to -11.3%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.