BA among the 83 companies we cover
Where it stands · the better end on the right. The band holds the middle half; the line is the median.
BA and 9 peers, year by year
The 9 Industrials companies closest to BA in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| BA Boeing | FY2025 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | −2.1% | 41.0% | 11.42 |
| RTX RTX Corporation | FY2025 | $88.6B | +9.7% | - | 10.5% | 7.6% | 9.0% | 10.3% | 0.58 |
| UPS United Parcel Service | FY2025 | $88.7B | −2.6% | - | 8.9% | 6.3% | 5.4% | 34.3% | 1.49 |
| FDX FedEx | FY2026 | $94.7B | +7.7% | - | 5.8% | 4.7% | 5.4% | 14.0% | 0.76 |
| LMT Lockheed Martin | FY2025 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | 9.2% | 74.6% | 3.23 |
| CAT Caterpillar Inc. | FY2025 | $67.6B | +4.3% | - | 16.5% | 13.1% | 13.2% | 41.7% | 1.70 |
| DAL Delta Air Lines | FY2025 | $63.4B | +2.8% | - | 9.2% | 7.9% | 6.1% | 24.0% | 0.64 |
| UAL United Airlines Holdings | FY2025 | $59.1B | +3.5% | - | 8.0% | 5.7% | 4.3% | 21.9% | 1.61 |
| UBER Uber | FY2025 | $52.0B | +18.3% | - | 10.7% | 19.3% | 18.8% | 37.2% | 0.39 |
| GD General Dynamics | FY2025 | $52.5B | +10.1% | - | 10.2% | 8.0% | 7.5% | 16.4% | 0.35 |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | $62.3B | $66.6B | $77.8B | $66.5B | $89.5B |
| RTX Dec | $64.4B | $67.1B | $68.9B | $80.7B | $88.6B |
| UPS Dec | $97.3B | $100.3B | $91.0B | $91.1B | $88.7B |
| FDX May | $84.0B | $93.5B | $90.2B | $87.7B | $87.9B |
| LMT Dec | $67.0B | $66.0B | $67.6B | $71.0B | $75.0B |
| CAT Dec | $51.0B | $59.4B | $67.1B | $64.8B | $67.6B |
| DAL Dec | $29.9B | $50.6B | $58.0B | $61.6B | $63.4B |
| UAL Dec | $24.6B | $45.0B | $53.7B | $57.1B | $59.1B |
| UBER Dec | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| GD Dec | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| Peer median | $51.0B | $59.4B | $67.1B | $64.8B | $67.6B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | +7.1% | +6.9% | +16.8% | −14.5% | +34.5% |
| RTX Dec | +13.8% | +4.2% | +2.8% | +17.1% | +9.7% |
| UPS Dec | +15.0% | +3.1% | −9.3% | +0.1% | −2.6% |
| FDX May | +21.3% | +11.4% | −3.6% | −2.7% | +0.3% |
| LMT Dec | +2.5% | −1.6% | +2.4% | +5.1% | +5.6% |
| CAT Dec | +22.1% | +16.6% | +12.8% | −3.4% | +4.3% |
| DAL Dec | +74.9% | +69.2% | +14.8% | +6.2% | +2.8% |
| UAL Dec | +60.4% | +82.5% | +19.5% | +6.2% | +3.5% |
| UBER Dec | +56.7% | +82.6% | +17.0% | +18.0% | +18.3% |
| GD Dec | +1.4% | +2.4% | +7.3% | +12.9% | +10.1% |
| Peer median | +21.3% | +11.4% | +7.3% | +6.2% | +4.3% |
Gross margin, FY2021 to FY2025
Gross profit / revenue.
Operating margin, FY2021 to FY2025
Operating income / revenue.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | −4.6% | −5.3% | −1.0% | −16.1% | 4.8% |
| RTX Dec | 8.0% | 8.2% | 5.2% | 8.1% | 10.5% |
| UPS Dec | 13.2% | 13.0% | 10.0% | 9.3% | 8.9% |
| FDX May | 7.0% | 6.7% | 5.4% | 6.3% | 5.9% |
| LMT Dec | 13.6% | 12.7% | 12.6% | 9.9% | 10.3% |
| CAT Dec | 13.5% | 13.3% | 19.3% | 20.2% | 16.5% |
| DAL Dec | 6.3% | 7.2% | 9.5% | 9.7% | 9.2% |
| UAL Dec | −4.1% | 5.2% | 7.8% | 8.9% | 8.0% |
| UBER Dec | −22.0% | −5.7% | 3.0% | 6.4% | 10.7% |
| GD Dec | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Peer median | 8.0% | 8.2% | 9.5% | 9.3% | 10.2% |
Net margin, FY2021 to FY2025
Net income / revenue.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | −6.7% | −7.4% | −2.9% | −17.8% | 2.5% |
| RTX Dec | 6.0% | 7.7% | 4.6% | 5.9% | 7.6% |
| UPS Dec | 13.2% | 11.5% | 7.4% | 6.3% | 6.3% |
| FDX May | 6.2% | 4.1% | 4.4% | 4.9% | 4.7% |
| LMT Dec | 9.4% | 8.7% | 10.2% | 7.5% | 6.7% |
| CAT Dec | 12.7% | 11.3% | 15.4% | 16.7% | 13.1% |
| DAL Dec | 0.9% | 2.6% | 7.9% | 5.6% | 7.9% |
| UAL Dec | −8.0% | 1.6% | 4.9% | 5.5% | 5.7% |
| UBER Dec | −2.8% | −28.7% | 5.1% | 22.4% | 19.3% |
| GD Dec | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |
| Peer median | 6.2% | 7.7% | 7.4% | 6.3% | 7.6% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | −$4.4B | $2.3B | $4.4B | −$14.3B | −$1.9B |
| RTX Dec | $5.0B | $4.9B | $5.5B | $4.5B | $7.9B |
| UPS Dec | $10.8B | $9.3B | $5.1B | $6.2B | $4.8B |
| FDX May | $4.3B | $3.1B | $2.7B | $3.1B | $3.0B |
| LMT Dec | $7.7B | $6.1B | $6.2B | $5.3B | $6.9B |
| CAT Dec | $6.1B | $6.5B | $11.3B | $10.0B | $8.9B |
| DAL Dec | $17.0M | −$3.0M | $1.1B | $2.9B | $3.8B |
| UAL Dec | −$40.0M | $1.2B | −$260.0M | $3.8B | $2.6B |
| UBER Dec | −$743.0M | $390.0M | $3.4B | $6.9B | $9.8B |
| GD Dec | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| Peer median | $4.3B | $3.5B | $3.8B | $4.5B | $4.8B |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | −7.1% | 3.4% | 5.7% | −21.5% | −2.1% |
| RTX Dec | 7.8% | 7.3% | 7.9% | 5.6% | 9.0% |
| UPS Dec | 11.1% | 9.3% | 5.6% | 6.8% | 5.4% |
| FDX May | 5.1% | 3.3% | 3.0% | 3.6% | 3.4% |
| LMT Dec | 11.5% | 9.3% | 9.2% | 7.4% | 9.2% |
| CAT Dec | 12.0% | 10.9% | 16.8% | 15.5% | 13.2% |
| DAL Dec | 0.1% | 0.0% | 2.0% | 4.7% | 6.1% |
| UAL Dec | −0.2% | 2.8% | −0.5% | 6.7% | 4.3% |
| UBER Dec | −4.3% | 1.2% | 9.0% | 15.7% | 18.8% |
| GD Dec | 8.8% | 8.8% | 9.0% | 6.7% | 7.5% |
| Peer median | 7.8% | 7.3% | 7.9% | 6.7% | 7.5% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | n/m | n/m | n/m | n/m | 41.0% |
| RTX Dec | 5.3% | 7.2% | 5.3% | 7.9% | 10.3% |
| UPS Dec | 90.4% | 58.4% | 38.8% | 34.6% | 34.3% |
| FDX May | 21.6% | 15.3% | 15.2% | 15.7% | 14.6% |
| LMT Dec | 57.6% | 61.9% | 101.2% | 84.3% | 74.6% |
| CAT Dec | 39.3% | 42.2% | 53.0% | 55.4% | 41.7% |
| DAL Dec | 7.2% | 20.0% | 41.5% | 22.6% | 24.0% |
| UAL Dec | −39.1% | 10.7% | 28.1% | 24.8% | 21.9% |
| UBER Dec | −3.4% | −124.5% | 16.8% | 45.7% | 37.2% |
| GD Dec | 18.5% | 18.3% | 15.6% | 17.1% | 16.4% |
| Peer median | 18.5% | 18.3% | 28.1% | 24.8% | 24.0% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | n/m | n/m | n/m | n/m | 11.42 |
| RTX Dec | 0.43 | 0.44 | 0.73 | 0.68 | 0.58 |
| UPS Dec | 1.52 | 0.98 | 1.46 | 1.37 | 1.49 |
| FDX May | 0.80 | 0.79 | 0.76 | 0.72 | 0.71 |
| LMT Dec | 1.07 | 1.68 | 2.55 | 3.20 | 3.23 |
| CAT Dec | 1.90 | 1.99 | 1.49 | 1.63 | 1.70 |
| DAL Dec | 6.45 | 3.25 | 1.68 | 1.00 | 0.64 |
| UAL Dec | 6.63 | 4.52 | 3.37 | 2.22 | 1.61 |
| UBER Dec | 0.65 | 1.28 | 0.85 | 0.44 | 0.39 |
| GD Dec | 0.71 | 0.64 | 0.46 | 0.47 | 0.35 |
| Peer median | 1.07 | 1.28 | 1.46 | 1.00 | 0.71 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.
| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BA Dec | −$7.15 | −$8.30 | −$3.67 | −$18.36 | $2.48 |
| RTX Dec | $2.56 | $3.50 | $2.23 | $3.55 | $4.96 |
| UPS Dec | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| FDX May | $19.45 | $14.33 | $15.48 | $17.21 | $16.81 |
| LMT Dec | $22.76 | $21.66 | $27.55 | $22.31 | $21.49 |
| CAT Dec | $11.83 | $12.64 | $20.12 | $22.05 | $18.81 |
| DAL Dec | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 |
| UAL Dec | −$6.10 | $2.23 | $7.89 | $9.45 | $10.20 |
| UBER Dec | −$0.29 | −$4.65 | $0.87 | $4.56 | $4.73 |
| GD Dec | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| Peer median | $11.55 | $12.19 | $7.89 | $9.45 | $10.20 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out BA and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more
Sources
Each company's 10-K, from SEC's XBRL company facts. Every number links to its filing in the Inline XBRL viewer.
Also
Financials: BA's own statements, year by year. Compare: the whole peer group on one page.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/BA/export.csv") into a cell.