The Boeing Company
BA
$198.95 -2.74%
Exchange: NYSE | Sector: Industrials | Industry: Aerospace Defense
Q1 2025
Published: Apr 23, 2025

Earnings Highlights

  • Revenue of $19.50B up 17.7% year-over-year
  • EPS of $-0.16 increased by 70.9% from previous year
  • Gross margin of 12.4%
  • Net income of -37.00M
  • ""Our recovery plan is showing signs that it’s being effective, albeit early, I do like what I'm seeing."" - Kelly Ortberg

The Boeing Company (BA) Q1 2025 Financial Results Analysis: Recovery in Progress

Executive Summary

In Q1 2025, Boeing reported total revenues of $19.5 billion, marking an 18% increase year-over-year driven by higher commercial delivery volumes amid various operational challenges. The company remains focused on stabilizing its production lines post-recovery and securing its competitive edge, notably with the successful bid for the sixth-generation fighter project, F-47. However, ongoing tariffs and supply chain adjustments present challenges, particularly concerning deliveries to China, which affect revenue projections. Management expressed cautious optimism regarding their recovery plans and efficiency improvements, yet profitability remains pressured with a net income loss of $37 million, yielding negative EPS of -$0.16 for the quarter.

Key Performance Indicators

Revenue

19.50B
QoQ: 27.91% | YoY:17.67%

Gross Profit

2.42B
12.40% margin
QoQ: 252.11% | YoY:28.84%

Operating Income

461.00M
QoQ: 112.23% | YoY:636.05%

Net Income

-37.00M
QoQ: 99.04% | YoY:89.21%

EPS

-0.16
QoQ: 97.00% | YoY:70.85%

Revenue Trend

Margin Analysis

Key Insights

**Revenue Performance**: $19.5 billion (+18% YoY, +27.91% QoQ) **Gross Profit**: $2.417 billion (+28.84% YoY) with a gross profit margin of 12.4% **Operating Income**: $461 million (+636.05% YoY) reflecting a margin of 2.3% **Net Income**: -$37 million (compared to a loss of $3865 million in Q4 2024) `Indicating positive momentum despite ongoing challenges.` **Free Cash Flow**: -$2.3 billion driven by high commercial deliveries and significant working capital needs. **Balance Sheet He...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 19,496.00 -0.16 +17.7% View
Q4 2024 15,242.00 -5.45 -30.8% View
Q3 2024 17,840.00 -9.97 -1.5% View
Q2 2024 16,866.00 -2.33 -14.6% View
Q1 2024 16,569.00 -0.56 -7.5% View