The Boeing Company (BA)

FairStock Score: 25/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I start with the business and the balance sheet. Boeing is a vital aerospace franchise—commercial jetliners, defense, space, and services—with 182,000 employees, and the filed numbers show a rebound: fiscal 2025 revenue was $89.5B, net income $2.2B, diluted EPS $2.48, compared with fiscal 2024 revenue $66.5B and a net loss of $11.8B, or EPS -$18.36. But the latest quarters are not clean. In fiscal Q2 2026, ended 2026-06-30, revenue was $24.6B but net loss was $444M, or EPS -$0.67; in fiscal Q1 2026, ended 2026-03-31, net loss was $4.0M. Trailing free cash flow is -$1.1B, and FCF yield is -0.7%. Financial health is poor: debt-to-equity is 7.91, ROCE is -1.98%, Piotroski is 2/9, Altman Z is 0.98. The 173.54% ROE stands out, but ROCE confirms return on total capital is not positive. On valuation, at the 2026-10-13 close of $186.49, the P/E is 67.32, P/B is 24.16, EV/EBITDA is 25.28, and the Graham Number is $21.76, leaving a -757% margin of safety. FairStock score is 25/100. The Lynch category is TURNAROUND—returned to profit after a loss within three years—and growth rates are improving, but this is a show-me story. The franchise may have barriers, but the numbers do not yet demonstrate a durable moat or a margin of safety.

In plain English: Boeing makes commercial jets, military aircraft, satellites, and related services. The business is improving—fiscal 2025 sales were $89.5 billion and it earned $2.2 billion—but recent quarters still show losses and the last year's cash flow was negative. At $186.49 on 2026-10-13, the stock looks expensive compared with its profits and net assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer