BOEING CO
BA, BA-PA · Aircraft · 788.3M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $2.0B (gross $2.7B, SBC $690M)
Reference price $218.50 · est. market cap ~$172.2B — last insider purchase, 2026-05-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66Wide-moat aerospace duopolist in a financial trough — negative FCF and rock-bottom gross margin offset by a huge cash cushion and backlog.
Strengths
- Durable commercial/defense duopoly position with massive cash ($30B, 99.5th pct) and 65-quarter runway
- Improving production cadence and strong long-term aircraft demand backlog
Risks
- Negative FCF (-$1.9B, 9th pct), gross margin 4.8% (6th pct) and ~11x leverage
- Ongoing 737 quality/FAA scrutiny, labor strikes and Spirit-integration execution risk
Notable findings
- High leverageHigh leverage (debt/equity 11.42)
- Cash burnNegative free cash flow (-1877.0M)
- Strong balance sheetStrong balance sheet — $30.4B cash & investments, ~65 quarters of runway
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$799,311, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$5M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
4.8%
Operating margin
4.8%
Net margin
2.5%
Return on equity
41.0%
Return on assets
1.3%
ROIC
5.0%
Revenue growth (QoQ)
-7.2%
Debt / equity
11.4×
Net debt / EBITDA
5.1×
Current ratio
1.2×
Free cash flow
-$1.9B
EBITDA
$6.2B
Tangible book value
-$13.4B
Cash & investments
$30.4B
Cash runway
65q
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | TILDEN BRADLEY D | Buy | 1.4K | $218.50 |
| 2026-03-03 | Buckley Mortimer J | Buy | 2.2K | $224.20 |
| 2026-02-24 | Shockey Jeffrey S | Tax withheld | 4.4K | $232.26 |
| 2026-02-24 | Amuluru Uma M | Sell | 1.5K | $233.78 |
| 2026-02-19 | McKenzie Howard E | Tax withheld | 966 | $236.71 |
| 2026-02-19 | Ortberg Robert Kelly | Tax withheld | 5.0K | $236.71 |
| 2026-02-19 | Amuluru Uma M | Tax withheld | 1.2K | $236.71 |
| 2026-02-19 | Pope Stephanie F | Tax withheld | 3.2K | $236.71 |
| 2026-02-19 | Raymond David Christopher | Tax withheld | 965 | $236.71 |
| 2026-02-19 | Schmidt Ann M | Tax withheld | 500 | $236.71 |
| 2026-02-19 | Parker Stephen Kenneth | Tax withheld | 968 | $236.71 |
| 2026-02-19 | Cleary Michael J | Tax withheld | 557 | $236.71 |
| 2026-02-19 | DEASY DANA S | Tax withheld | 815 | $236.71 |
| 2026-02-19 | Gerry Brett C. | Tax withheld | 1.4K | $236.71 |
| 2026-02-17 | Ortberg Robert Kelly | Grant | 41K | — |
| 2026-02-17 | Ortberg Robert Kelly | Grant | 17K | — |
| 2026-02-17 | Parker Stephen Kenneth | Grant | 9.3K | — |
| 2026-02-17 | Parker Stephen Kenneth | Grant | 3.7K | — |
| 2026-02-17 | Parker Stephen Kenneth | Tax withheld | 484 | $242.18 |
| 2026-02-17 | Pope Stephanie F | Grant | 21K | — |
| 2026-02-17 | Pope Stephanie F | Grant | 8.3K | — |
| 2026-02-17 | Pope Stephanie F | Tax withheld | 4.1K | $242.18 |
| 2026-02-17 | Raymond David Christopher | Grant | 5.4K | — |
| 2026-02-17 | Schmidt Ann M | Grant | 3.1K | — |
| 2026-02-17 | Schmidt Ann M | Grant | 1.2K | — |
| 2026-02-17 | Schmidt Ann M | Sell | 6.3K | $243.37 |
| 2026-02-17 | Shockey Jeffrey S | Grant | 5.2K | — |
| 2026-02-17 | Shockey Jeffrey S | Grant | 2.1K | — |
| 2026-02-17 | Nelson Brendan J. | Grant | 3.6K | — |
| 2026-02-17 | Nelson Brendan J. | Grant | 1.4K | — |
| 2026-02-17 | Raymond David Christopher | Grant | 2.1K | — |
| 2026-02-17 | Gerry Brett C. | Grant | 9.3K | — |
| 2026-02-17 | Gerry Brett C. | Grant | 3.7K | — |
| 2026-02-17 | Gerry Brett C. | Tax withheld | 4.0K | $242.18 |
| 2026-02-17 | Amuluru Uma M | Grant | 7.0K | — |
| 2026-02-17 | Amuluru Uma M | Grant | 2.8K | — |
| 2026-02-17 | Cleary Michael J | Grant | 3.7K | — |
| 2026-02-17 | DEASY DANA S | Grant | 6.0K | — |
| 2026-02-17 | DEASY DANA S | Grant | 2.4K | — |
| 2026-02-17 | MALAVE JESUS JR | Grant | 13K | — |
| 2026-02-17 | MALAVE JESUS JR | Grant | 5.4K | — |
| 2026-02-17 | McKenzie Howard E | Grant | 6.6K | — |
| 2026-02-17 | McKenzie Howard E | Grant | 2.6K | — |
| 2026-02-17 | McKenzie Howard E | Tax withheld | 765 | $242.18 |
| 2026-02-05 | McKenzie Howard E | Sell | 10K | $233.99 |
| 2026-02-04 | Amuluru Uma M | Sell | 2.7K | $236.00 |
| 2025-12-31 | DEASY DANA S | Disposition | 4.2K | $217.73 |
| 2025-12-01 | Ortberg Robert Kelly | Tax withheld | 1.6K | $188.18 |
| 2025-12-01 | DEASY DANA S | Tax withheld | 257 | $188.18 |
| 2025-12-01 | Cleary Michael J | Tax withheld | 177 | $188.18 |
| 2025-12-01 | McKenzie Howard E | Tax withheld | 94 | $188.18 |
| 2025-12-01 | Raymond David Christopher | Tax withheld | 65 | $188.18 |
| 2025-12-01 | Pope Stephanie F | Tax withheld | 370 | $188.18 |
| 2025-11-24 | DEASY DANA S | Buy | 554 | $178.88 |
| 2025-11-06 | Amuluru Uma M | Sell | 1.4K | $197.66 |
| 2025-08-29 | Schmidt Ann M | Tax withheld | 2.4K | $235.61 |
| 2025-08-19 | Buckley Mortimer J | Buy | 2.2K | $226.10 |
| 2025-08-15 | MALAVE JESUS JR | Grant | 21K | — |
| 2025-08-08 | Raymond David Christopher | Sell | 3.8K | $229.94 |
| 2025-08-08 | Ortberg Robert Kelly | Tax withheld | 6.2K | $229.14 |
| 2025-07-29 | McKenzie Howard E | Tax withheld | 2.5K | $233.97 |
| 2025-07-29 | Schmidt Ann M | Tax withheld | 1.7K | $233.97 |
| 2025-07-29 | Raymond David Christopher | Tax withheld | 2.9K | $233.97 |
| 2025-07-29 | Parker Stephen Kenneth | Tax withheld | 2.3K | $233.97 |
| 2025-07-29 | Cleary Michael J | Tax withheld | 1.4K | $233.97 |
| 2025-07-29 | Amuluru Uma M | Tax withheld | 3.2K | $233.97 |
| 2025-05-15 | Nelson Brendan J. | Sell | 640 | $206.28 |
| 2025-05-13 | Shockey Jeffrey S | Sell | 3.2K | $202.87 |
| 2025-05-06 | Cleary Michael J | Sell | 3.0K | $186.00 |
| 2025-05-02 | Raymond David Christopher | Sell | 3.9K | $187.01 |
| 2025-05-01 | Cleary Michael J | Sell | 2.0K | $184.01 |
| 2025-05-01 | Pope Stephanie F | Sell | 17K | $183.78 |
| 2025-04-01 | Pope Stephanie F | Tax withheld | 1.1K | $167.60 |
| 2025-03-07 | Raymond David Christopher | Tax withheld | 90 | $153.71 |
| 2025-02-26 | Cleary Michael J | Sell | 1.5K | $179.02 |
| 2025-02-24 | Shockey Jeffrey S | Grant | 20K | — |
| 2025-02-20 | Amuluru Uma M | Sell | 3.2K | $180.69 |
| 2025-02-19 | Cleary Michael J | Grant | 4.7K | — |
| 2025-02-19 | DEASY DANA S | Grant | 6.8K | — |
| 2025-02-19 | Gerry Brett C. | Grant | 11K | — |
| 2025-02-19 | McKenzie Howard E | Grant | 7.3K | — |
| 2025-02-19 | Amuluru Uma M | Grant | 8.3K | — |
| 2025-02-19 | Nelson Brendan J. | Grant | 4.3K | — |
| 2025-02-19 | Pope Stephanie F | Grant | 24K | — |
| 2025-02-19 | Raymond David Christopher | Grant | 6.3K | — |
| 2025-02-19 | Schmidt Ann M | Grant | 3.7K | — |
| 2025-02-19 | West Brian | Grant | 15K | — |
| 2025-02-19 | Ortberg Robert Kelly | Grant | 43K | — |
| 2025-02-18 | Amuluru Uma M | Tax withheld | 1.3K | $186.44 |
| 2025-02-18 | Cleary Michael J | Tax withheld | 541 | $186.44 |
| 2025-02-18 | Gerry Brett C. | Tax withheld | 2.8K | $186.44 |
| 2025-02-18 | Schmidt Ann M | Tax withheld | 636 | $186.44 |
| 2025-02-18 | West Brian | Tax withheld | 5.6K | $186.44 |
| 2025-02-18 | McKenzie Howard E | Tax withheld | 1.0K | $186.44 |
| 2025-02-18 | Raymond David Christopher | Tax withheld | 1.2K | $186.44 |
| 2025-02-18 | Pope Stephanie F | Tax withheld | 1.1K | $186.44 |
| 2025-01-15 | Pope Stephanie F | Tax withheld | 631 | $167.98 |
| 2024-12-31 | DEASY DANA S | Grant | 21K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (7)
- National Aeronautics and Space Administration (NASA)
- American Airlines Group Inc.
- SOUTHWEST AIRLINES CO
- ALASKA AIR GROUP, INC.
- RYANAIR HOLDINGS PLC
- CHINA SOUTHERN AIRLINES CO LTD
- LATAM AIRLINES GROUP S.A.
Suppliers (10)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-22 | ResultsExhibits | filing ↗ |
| 2026-04-17 | Shareholder vote | filing ↗ |
| 2026-01-27 | ResultsExhibits | filing ↗ |
| 2025-12-08 | Reg FDExhibits | filing ↗ |
| 2025-12-03 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-08-28 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-07-29 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-04-22 | 2026-04-22 | 0001628280-26-026391 ↗ |
| 10-Q | 2026-04-22 | 2026-03-31 | 0001628280-26-026458 ↗ |
| 8-K | 2026-04-17 | 2026-04-17 | 0001628280-26-025684 ↗ |
| 10-K | 2026-01-30 | 2025-12-31 | 0001628280-26-004357 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001628280-26-003518 ↗ |
| 8-K | 2025-12-08 | 2025-12-08 | 0001628280-25-055825 ↗ |
| 8-K | 2025-12-03 | 2025-12-01 | 0001628280-25-055122 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0001628280-25-047023 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001628280-25-046915 ↗ |
| 8-K | 2025-08-28 | 2025-08-25 | 0000012927-25-000064 ↗ |
| 8-K | 2025-07-29 | 2025-07-29 | 0000012927-25-000058 ↗ |
| 10-Q | 2025-07-29 | 2025-06-30 | 0000012927-25-000062 ↗ |