BA
The Boeing Company

The Boeing CompanyBA

Industrials · Aerospace & Defense
173.40USD
+0.52%
Nov 08, 2026
BA overview ready
Aerospace manufacturer supplying commercial and military aircraft and defense systems
Boeing is a prime aerospace and defense contractor supplying military aircraft, rotorcraft, maritime-patrol, surveillance, space and missile-defense systems.
Primary theme is improving
Commercial Aerospace is improving (+6.0pp vs SPY over 21 sessions; 11 of 17 members ahead of SPY).
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.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Low free cash flow yield
Free cash flow yield is weak.
Primary risk
Commercial airplane demand volatility.
Market Nov 6Filing Sep 30Price action Nov 7Research Jul 29

Conviction Level

PriceAction3.4BusinessPerformance4.0BusinessQuality2.8Valuation3.5ThemeMomentum7.0Decelerating — Revenue is still growing (+3.9% YoY), but growth has slowed for 3 consecutive quarters, down from +57%. The company is still loss-making: the diluted loss per share narrowed to -$0.26 from -$7.14 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+6.0pp
Theme return
+1.0%
Beating SPY
11 of 17
21 sessions to Nov 6, 2026 · Theme Leadership V2
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
$137.4B
Avg Volume (60D)
9.2M
60 sessions
Revenue Growth YoY
+34.5%
FY2025 vs FY2024
Gross Margin
+9.4%
Trailing twelve months
Operating Margin
+10.3%
Trailing twelve months
Free Cash Flow Yield
+0.0%
Distance from 200DMA
-19.4%
Next Earnings
2027-01-26
P/E
17.9x
EV / EBITDA
13.9x
EV / Sales
1.8x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+3.9% YoY), but growth has slowed for 3 consecutive quarters, down from +57%. The company is still loss-making: the diluted loss per share narrowed to -$0.26 from -$7.14 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+3.9%
$24.2B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +57%
  2. +14%
  3. +8.0%
  4. +3.9%
Earnings growthLoss narrowing
-$0.26
Diluted EPS -$0.26 vs -$7.14 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
1.5%
+22.0 pp YoY · gross margin 9.0% (+19.2 pp)
Profit is not fully converting to cash

Business Quality

2.8 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because share count compounding at 7% a year — dilution is taxing holders.
The Boeing Company has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

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
Commercial airplane demand volatility.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

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

How it earns

Primarily project-based sales of aircraft and defense systems, supplemented by long-term service contracts and aftermarket support.

Products & services
Commercial jet aircraft
Military aircraft and rotorcraft
Satellites and missile defense systems
Space launch systems
Maintenance and support services
Customers & end markets
Commercial airlines and cargo operators
U.S. and allied defense agencies
Space agencies and satellite operators
Market position

Market leader in commercial and military aerospace manufacturing with a significant defense contracting presence.

Demand drivers
High cyclicality

Driven by commercial airline demand cycles and defense budget appropriations.