BA
Boeing Co
BA—
Boeing Co AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -8.3B with 53.4B total debt - liabilities exceed assets by 8.3B, technically insolvent balance sheet[Total Equity]
- Gross margin collapsed to 1.1% TTM (down 61% YoY) vs industry median 19.3% - production costs consuming nearly all revenue[Gross Margin]
- FCF of -6.4B TTM with 82.4B inventory - cash burn accelerating while planes sit undelivered[Free Cash Flow]
Watch Triggers
- Free Cash Flow: Turns positive for 2 consecutive quarters — First signal that inventory-to-cash conversion is working and liquidity crisis abating
- Gross Margin: Recovers above 10% — Indicates production cost normalization - currently at 1.1% vs 19% industry median
- Inventory: Declines by 10B+ from 82.4B — Proves delivery backlog clearing and cash generation thesis intact
Bull Case
82.4B inventory represents future revenue already built - delivery normalization converts to massive cash inflow without additional production cost
InventoryWorking CapitalFree Cash Flow
Duopoly with Airbus in commercial aviation creates pricing power once operational issues resolve - 80.8B TTM revenue demonstrates demand exists
Total RevenueEnterprise Value
Bear Case
Negative equity -8.3B with 53.4B debt and -6.4B FCF creates existential liquidity risk - interest expense 2.9B TTM consuming scarce cash
Total EquityTotal DebtInterest Expense
Operating margin -10.4% TTM with gross margin at 1.1% - structural cost problem, not temporary, requires years to fix
Operating MarginGross MarginNet Income
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
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Forward Thesis
Inventory liquidation could generate 15-20B cash over 24 months if production/delivery normalizes
1-3ylow
- 82.4B inventory vs 6.2B cash creates massive conversion opportunity
- Working capital of 18.8B locked in undelivered aircraft
- Backlog monetization requires FAA certification progress
Inventory 82.4B = 102% of annual revenue TTMCurrent assets 122B vs current liabilities 103BCash burn -6.4B FCF TTM
Valuation Context
Caveats
Public Strategies Rankings
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BA Fundamentals
Manufacturing → Transportation Equipment Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$156.2B | — | ||
$203.38B | — | ||
0.00 | — | ||
$80.76B | +10.2% | — | |
$-13.87 | — | ||
-10.4% | -1.3% | — | |
-12.2% | -1.3% | — | |
$-6.35B | — | ||
0.00 | — | ||
Beta 5Y (Monthly) | unknown | — |
BA Dividend History
81 dividends
03/06/20$2.0550
12/06/19$2.0550
09/06/19$2.0550
06/07/19$2.0550
03/01/19$2.0550
12/07/18$1.7100
09/07/18$1.7100
06/01/18$1.7100
03/02/18$1.7100
12/01/17$1.4200
09/01/17$1.4200
06/02/17$1.4200
03/03/17$1.4200
12/02/16$1.0900
09/02/16$1.0900
06/03/16$1.0900
03/04/16$1.0900
12/04/15$0.9100
09/04/15$0.9100
06/05/15$0.9100
03/06/15$0.9100
12/05/14$0.7300
09/05/14$0.7300
06/06/14$0.7300
03/07/14$0.7300
12/06/13$0.4850
09/06/13$0.4850
06/07/13$0.4850
03/08/13$0.4850
12/07/12$0.4400
09/07/12$0.4400
06/01/12$0.4400
03/02/12$0.4400
12/02/11$0.4200
09/02/11$0.4200
06/03/11$0.4200
03/04/11$0.4200
12/03/10$0.4200
09/03/10$0.4200
06/04/10$0.4200
03/05/10$0.4200
12/04/09$0.4200
09/04/09$0.4200
06/05/09$0.4200
03/06/09$0.4200
12/05/08$0.4000
09/05/08$0.4000
06/06/08$0.4000
03/07/08$0.4000
12/07/07$0.3500
09/07/07$0.3500
06/01/07$0.3500
03/02/07$0.3500
12/01/06$0.3000
09/01/06$0.3000
06/02/06$0.3000
03/03/06$0.3000
12/02/05$0.2500
09/02/05$0.2500
06/03/05$0.2500
03/04/05$0.2500
12/03/04$0.2000
09/03/04$0.2000
06/11/04$0.2000
03/05/04$0.1700
12/05/03$0.1700
09/05/03$0.1700
06/06/03$0.1700
03/07/03$0.1700
12/06/02$0.1700
09/06/02$0.1700
06/07/02$0.1700
03/01/02$0.1700
12/07/01$0.1700
09/07/01$0.1700
06/01/01$0.1700
03/02/01$0.1700
12/01/00$0.1400
09/01/00$0.1400
06/02/00$0.1400
03/03/00$0.1400
BA Stock Splits
No stock splits
BA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/29/25 | 09/30/25 | 10-Q | |
07/29/25 | 06/30/25 | 10-Q | |
04/23/25 | 03/31/25 | 10-Q | |
02/03/25 | 12/31/24 | Unknown | |
10/23/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
04/24/24 | 03/31/24 | 10-Q | |
01/31/24 | 12/31/23 | 10-K | |
10/25/23 | 09/30/23 | 10-Q | |
07/26/23 | 06/30/23 | 10-Q | |
04/26/23 | 03/31/23 | 10-Q | |
01/27/23 | 12/31/22 | 10-K | |
10/26/22 | 09/30/22 | 10-Q | |
07/27/22 | 06/30/22 | 10-Q | |
04/27/22 | 03/31/22 | 10-Q | |
01/31/22 | 12/31/21 | 10-K | |
10/27/21 | 09/30/21 | 10-Q | |
07/28/21 | 06/30/21 | 10-Q | |
04/28/21 | 03/31/21 | 10-Q | |
02/01/21 | 12/31/20 | 10-K | |
10/28/20 | 09/30/20 | 10-Q | |
07/29/20 | 06/30/20 | 10-Q | |
04/29/20 | 03/31/20 | 10-Q | |
01/31/20 | 12/31/19 | 10-K | |
10/23/19 | 09/30/19 | 10-Q | |
07/24/19 | 06/30/19 | 10-Q | |
04/24/19 | 03/31/19 | 10-Q | |
02/08/19 | 12/31/18 | 10-K | |
10/24/18 | 09/30/18 | 10-Q | |
07/25/18 | 06/30/18 | 10-Q | |
04/25/18 | 03/31/18 | 10-Q | |
02/12/18 | 12/31/17 | 10-K | |
10/25/17 | 09/30/17 | 10-Q | |
07/26/17 | 06/30/17 | 10-Q | |
04/26/17 | 03/31/17 | 10-Q | |
02/08/17 | 12/31/16 | 10-K | |
10/26/16 | 09/30/16 | 10-Q | |
07/27/16 | 06/30/16 | 10-Q | |
04/27/16 | 03/31/16 | 10-Q | |
02/10/16 | 12/31/15 | 10-K | |
10/21/15 | 09/30/15 | 10-Q | |
07/22/15 | 06/30/15 | 10-Q | |
04/22/15 | 03/31/15 | 10-Q | |
02/12/15 | 12/31/14 | 10-K | |
10/22/14 | 09/30/14 | 10-Q | |
07/23/14 | 06/30/14 | 10-Q | |
04/23/14 | 03/31/14 | 10-Q | |
02/14/14 | 12/31/13 | 10-K | |
10/23/13 | 09/30/13 | 10-Q | |
07/24/13 | 06/30/13 | 10-Q | |
04/24/13 | 03/31/13 | 10-Q | |
02/11/13 | 12/31/12 | 10-K | |
10/24/12 | 09/30/12 | 10-Q | |
07/25/12 | 06/30/12 | 10-Q | |
04/25/12 | 03/31/12 | 10-Q | |
02/09/12 | 12/31/11 | 10-K | |
10/26/11 | 09/30/11 | 10-Q | |
07/27/11 | 06/30/11 | 10-Q | |
04/27/11 | 03/31/11 | 10-Q | |
02/09/11 | 12/31/10 | 10-K | |
10/26/11 | 09/30/10 | 10-Q | |
07/28/10 | 06/30/10 | 10-Q | |
04/21/10 | 03/31/10 | 10-Q | |
02/08/10 | 12/31/09 | 10-K | |
10/20/10 | 09/30/09 | 10-Q | |
10/21/09 | 09/30/09 | 10-Q | |
07/22/09 | 06/30/09 | 10-Q | |
04/22/09 | 03/31/09 | 10-Q | |
02/09/09 | 12/31/08 | 10-K | |
10/22/08 | 09/30/08 | 10-Q | |
07/23/08 | 06/30/08 | 10-Q | |
04/23/08 | 03/31/08 | 10-Q | |
02/15/08 | 12/31/07 | 10-K | |
10/24/07 | 09/30/07 | 10-Q | |
07/25/07 | 06/30/07 | 10-Q | |
04/25/07 | 03/31/07 | 10-Q | |
02/16/07 | 12/31/06 | 10-K | |
10/25/06 | 09/30/06 | 10-Q | |
07/26/06 | 06/30/06 | 10-Q | |
04/26/06 | 03/31/06 | 10-Q | |
02/28/06 | 12/31/05 | 10-K | |
10/26/05 | 09/30/05 | 10-Q | |
07/27/05 | 06/30/05 | 10-Q | |
04/27/05 | 03/31/05 | 4 | |
02/28/05 | 12/31/04 | 10-K | |
10/27/04 | 09/30/04 | 10-Q | |
07/28/04 | 06/30/04 | 10-Q | |
04/28/04 | 03/31/04 | 10-Q | |
03/05/04 | 12/31/03 | 10-K | |
10/29/03 | 09/30/03 | 10-Q | |
06/30/03 | 06/30/03 | 10-Q/A | |
05/05/03 | 03/31/03 | 10-Q | |
02/27/03 | 12/31/02 | 10-K | |
11/06/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/07/02 | 03/31/02 | 10-Q | |
03/08/02 | 12/31/01 | 10-K | |
10/25/01 | 09/30/01 | 10-Q | |
08/09/01 | 06/30/01 | 10-Q | |
05/08/01 | 03/31/01 | 10-Q | |
03/09/01 | 12/31/00 | 10-K | |
11/06/00 | 09/30/00 | 10-Q | |
08/02/00 | 06/30/00 | 10-Q | |
05/12/00 | 03/31/00 | 10-Q |