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Boeing BA Operating margin

Operating margin at other companies

General Dynamics logo
General DynamicsGD
10.2%0.0pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
10.9%+2.7pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
10.2%+1.0pp
Lockheed Martin logo
Lockheed MartinLMT
9.9%-0.4pp
Northrop Grumman logo
Northrop GrummanNOC
11.6%+2.0pp
Barnes Group logo
Barnes GroupB
6.8%+0.6pp

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
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 April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boeing's operating margin?
Boeing (BA) reported operating margin of 4.6% in Q1 2026.
How has Boeing's operating margin changed year-over-year?
Boeing's operating margin increased by 131.6% year-over-year, from -14.6% to 4.6%.
What is the long-term trend for Boeing's operating margin?
Over 2 years (2021 to 2025), Boeing's operating margin has grown at a -17.9% compound annual growth rate (CAGR), from -47.9% to -32.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.