Boeing Co (XSWX:BA) Operating Income: CHF-4,333 Mil (TTM As of Mar. 2026)


XSWX:BA Boeing Co XSWX:BA
67 GF Score
Price CHF174.83
GF Value CHF170.22
! 3 Warning Signs
View Full Analysis

What is Boeing Co Operating Income?

Boeing Co XSWX:BA -2.32% 67 Operating Income is CHF-4,333 Mil as of Mar. 2026. GuruFocus rates XSWX:BA with a GF Score™ of 67/100 and a GF Value™ of CHF170.22. The stock has 3 warning signs investors should review.

Boeing Co's Operating Income for the three months ended in Mar. 2026 was CHF351 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF-4,333 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Boeing Co's Operating Income for the three months ended in Mar. 2026 was CHF351 Mil. Boeing Co's Revenue for the three months ended in Mar. 2026 was CHF17,491 Mil. Therefore, Boeing Co's Operating Margin % for the quarter that ended in Mar. 2026 was 2.01%.

Good Sign:

Boeing Co operating margin is expanding. Margin expansion is usually a good sign.

Boeing Co's 5-Year average Growth Rate for Operating Margin % was 12.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Boeing Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Boeing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.08%.


Boeing Co  (XSWX:BA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Boeing Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1404.544 * ( 1 - 100% )/( (99923.292 + 83526.232)/ 2 )
=0/91724.762
=0.00 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=134066.472 - 17931.047 - ( 23428.86 - max(0, 86156.844 - 102368.977+23428.86))
=99923.292

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=129736.805 - 31571.517 - ( 16458.507 - max(0, 83097.153 - 97736.209+16458.507))
=83526.232

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Boeing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2021.788/( ( (12433.234 + max(-7623.146, 0)) + (12716.47 + max(-7281.737, 0)) )/ 2 )
=2021.788/( ( 12433.234 + 12716.47 )/ 2 )
=2021.788/12574.852
=16.08 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2209.804 + 67480.695 + 1833.667) - (17931.047 + 47339.048 + 13877.217)
=-7623.146

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2743.741 + 68672.243 + 2151.69) - (31571.517 + 49277.894 + 1.4551915228367E-11)
=-7281.737

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Boeing Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=351.136/17491.444
=2.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Boeing Co Operating Income Related Terms


Boeing Co Operating Income Historical Data

* Premium members only.

The historical data trend for Boeing Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Boeing Co Operating Income Chart

Boeing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,091.80 -3,268.98 -710.00 -9,650.68 -4,316.01

Boeing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 407.34 -217.94 -3,816.50 -649.47 351.14
XSWX:BA
67GF Score
Boeing Co XSWX:BA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boeing Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-4,333 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF-4,333 Mil mean?
Boeing Co (XSWX:BA) has a Operating Income of CHF-4,333 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Boeing Co and its competitors.
Is Boeing Co's Operating Income too high?
Boeing Co's current Operating Income is CHF-4,333 Mil. Overall, Boeing Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Boeing Co's Operating Income compare to LMT and HWM?
Boeing Co's Operating Income of CHF-4,333 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Boeing Co and its competitors. Boeing Co's current Operating Income is CHF-4,333 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boeing Co stock overvalued right now?
Boeing Co (XSWX:BA) has a current Operating Income of CHF-4,333 Mil. The stock's GF Value™ is CHF170.22, compared to a current price of CHF174.83 — trading 2.7% above its estimated fair value. The current Operating Income is CHF-4,333 Mil. Boeing Co's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Boeing Co (XSWX:BA), the current Operating Income is CHF-4,333 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Boeing Co (XSWX:BA) Overvalued in 2026?

Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued. The current stock price of CHF174.83 is trading 2.7% above its estimated GF Value™ of CHF170.22.

Key valuation signals for XSWX:BA:

  • Operating Income: CHF-4,333 Mil
  • GF Value™: CHF170.22 vs. price of CHF174.83 (2.7% above fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the XSWX:BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boeing Co Business Description

Address 929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm operating in three segments: commercial airplanes; defense, space, and security; and global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with defense contractors such as Lockheed Martin and Northrop Grumman to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.
67GF Score

Get the complete analysis for XSWX:BA

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF174.83
Price
CHF170.22
GF Value