Mar 31

Boeing Q1 2025 Earnings Report

Boeing reported higher revenue and reduced net loss in Q1 2025 compared to the previous year.

Key Takeaways

Boeing saw significant revenue growth driven by a surge in commercial airplane deliveries, though the company remained in a net loss position. Operational improvements contributed to better performance across segments.

Total Revenue
$19.5B
Previous year: $16.6B
+17.7%
EPS
-$0.49
Previous year: -$1.13
-56.6%
Commercial Backlog
$460B
Defense Backlog
$61.6B
Global Services Backlog
$22B
Gross Profit
$2.43B
Previous year: $1.88B
+29.6%
Cash and Equivalents
$10.1B
Previous year: $6.91B
+46.7%
Free Cash Flow
-$2.29B
Previous year: -$3.93B
-41.7%
Total Assets
$156B
Previous year: $134B
+16.4%

Boeing

Boeing

Boeing Revenue by Segment

Forward Guidance

Boeing remains on track with its production ramp-up plans and continues efforts to improve performance and safety.

Positive Outlook

  • 737 production is increasing with a target of 38 per month in 2025.
  • 787 production stabilized at five per month with plans to grow to seven.
  • 777X program began expanded FAA certification testing.
  • Global Services segment showed stable revenue and strong margins.
  • Improved operational performance across core businesses.

Challenges Ahead

  • Company remains in a net loss position.
  • Free cash flow was significantly negative at -$2.3 billion.
  • Revenue from Defense segment declined year-over-year.
  • High operating costs continue to pressure margins.
  • Cash and investments declined due to operational cash outflows.

Revenue & Expenses

Visualization of income flow from segment revenue to net income