BA
The Boeing Company

The Boeing CompanyBA

Industrials · Aerospace & Defense
197.72USD
-1.71%
Sep 23, 2026
BA overview ready
Prime contractor supplying military aircraft and defense platform modernization
Boeing is a prime aerospace and defense contractor supplying military aircraft, rotorcraft, maritime-patrol, surveillance, space and missile-defense systems.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Military Aircraft and Defense Platform Recapitalization — enabling supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Production delays and quality control issues.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 29

Conviction Level

NarrativeHeat8.3ThemeHeat6.4PriceAction3.4Valuation0.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$156.3B
Avg Volume (60D)
5.9M
60 sessions
Revenue Growth YoY
+34.5%
FY2025 vs FY2024
Gross Margin
+4.7%
Trailing twelve months
Operating Margin
+4.9%
Trailing twelve months
Free Cash Flow Yield
-0.1%
Distance from 200DMA
-10.6%
Next Earnings
2026-10-28
P/E
64.2x
EV / EBITDA
27.4x
EV / Sales
2.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
The Boeing Company has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 27.4x EBITDA and 2.0x revenue, which require sustained delivery to be justified.

Company Research

Thesis
Boeing is a prime aerospace and defense contractor supplying military aircraft, rotorcraft, maritime-patrol, surveillance, space and missile-defense systems. Its defense exposure is real and direct, although commercial aircraft remain a major determinant of the consolidated equity story.
Opportunity
Moderate opportunity
Allied and U.S. Procurement and modernization of crewed combat, surveillance, tanker, maritime-patrol, trainer and command-and-control aircraft platforms, together with the industrial capacity needed to sustain them.
Key risk
Production delays and quality control issues.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Military Aircraft and Defense Platform Recapitalization, with moderate fit.
BA genuinely participates in the promoted defense-rearmament narrative through its Defense, Space & Security business. Increased U.S. Allied defense budgets, procurement commitments and industrial-capacity initiatives support the demand system.
Narrative HeatHeating up8.3 / 10
Theme HeatNeutral6.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Aerospace & Defense
What they do

The Boeing Company designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems worldwide through its three segments: Commercial Airplanes; Defense, Space & Security; and Global Services.

How it earns

The company generates revenue primarily through transactional sales of aircraft and aerospace products, as well as long-term service contracts and support agreements.

Products & services
Commercial jetliners
Military aircraft
Satellites
Missile defense systems
Human space flight and launch systems
Aerospace services
Customers & end markets
Commercial airlines
Military and defense agencies
Government space programs
Cargo operators
Market position

Boeing is a global leader in aerospace and defense manufacturing with a diversified product portfolio and significant market share.

Demand drivers
High cyclicality

The aerospace industry is sensitive to economic cycles, airline capital expenditures, and government defense budgets.