The Boeing Company (BA) - Net Assets
Based on the latest financial reports, The Boeing Company (BA) has net assets worth $5.46 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($168.24 Billion) and total liabilities ($162.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.46 Billion |
| % of Total Assets | 3.24% |
| Annual Growth Rate | 0.56% |
| 5-Year Change | N/A |
| 10-Year Change | 522.23% |
| Growth Volatility | 367.54 |
The Boeing Company - Net Assets Trend (1985–2025)
This chart illustrates how The Boeing Company's net assets have evolved over time, based on quarterly financial data. Also explore BA total asset value for the complete picture of this company's asset base.
Annual Net Assets for The Boeing Company (1985–2025)
The table below shows the annual net assets of The Boeing Company from 1985 to 2025. For live valuation and market cap data, see BA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.46 Billion | +239.42% |
| 2024-12-31 | $-3.91 Billion | +77.28% |
| 2023-12-31 | $-17.23 Billion | -8.71% |
| 2022-12-31 | $-15.85 Billion | -6.75% |
| 2021-12-31 | $-14.85 Billion | +17.86% |
| 2020-12-31 | $-18.07 Billion | -117.77% |
| 2019-12-31 | $-8.30 Billion | -2124.39% |
| 2018-12-31 | $410.00 Million | -0.49% |
| 2017-12-31 | $412.00 Million | -53.02% |
| 2016-12-31 | $877.00 Million | -86.29% |
| 2015-12-31 | $6.40 Billion | -27.22% |
| 2014-12-31 | $8.79 Billion | -41.39% |
| 2013-12-31 | $15.00 Billion | +151.33% |
| 2012-12-31 | $5.97 Billion | +65.38% |
| 2011-12-31 | $3.61 Billion | +26.07% |
| 2010-12-31 | $2.86 Billion | +28.63% |
| 2009-12-31 | $2.23 Billion | +271.95% |
| 2008-12-31 | $-1.29 Billion | -114.37% |
| 2007-12-31 | $9.00 Billion | +90.00% |
| 2006-12-31 | $4.74 Billion | -57.15% |
| 2005-12-31 | $11.06 Billion | -2.01% |
| 2004-12-31 | $11.29 Billion | +38.67% |
| 2003-12-31 | $8.14 Billion | +5.76% |
| 2002-12-31 | $7.70 Billion | -28.91% |
| 2001-12-31 | $10.82 Billion | -1.77% |
| 2000-12-31 | $11.02 Billion | -3.86% |
| 1999-12-31 | $11.46 Billion | -6.93% |
| 1998-12-31 | $12.32 Billion | -4.92% |
| 1997-12-31 | $12.95 Billion | +18.39% |
| 1996-12-31 | $10.94 Billion | +10.54% |
| 1995-12-31 | $9.90 Billion | +2.04% |
| 1994-12-31 | $9.70 Billion | +7.98% |
| 1993-12-31 | $8.98 Billion | +11.51% |
| 1992-12-31 | $8.06 Billion | -0.46% |
| 1991-12-31 | $8.09 Billion | +16.06% |
| 1990-12-31 | $6.97 Billion | +13.73% |
| 1989-12-31 | $6.13 Billion | +13.45% |
| 1988-12-31 | $5.40 Billion | +8.36% |
| 1987-12-31 | $4.99 Billion | +3.34% |
| 1986-12-31 | $4.83 Billion | +10.59% |
| 1985-12-31 | $4.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Boeing Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 471.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $17.25 Billion | 316.32% |
| Common Stock | $5.06 Billion | 92.79% |
| Other Comprehensive Income | $-10.28 Billion | -188.43% |
| Total Equity | $5.45 Billion | 100.00% |
The Boeing Company Competitors by Market Cap
The table below lists competitors of The Boeing Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verizon Communications Inc.
F:BAC
|
$174.74 Billion |
|
Amphenol Corporation
NYSE:APH
|
$174.92 Billion |
|
Thermo Fisher Scientific Inc
NYSE:TMO
|
$176.29 Billion |
|
Toronto Dominion Bank
TO:TD
|
$176.31 Billion |
|
The TJX Companies Inc
NYSE:TJX
|
$171.90 Billion |
|
Banco Santander SA ADR
NYSE:SAN
|
$167.40 Billion |
|
Verizon Communications Inc
NYSE:VZ
|
$164.48 Billion |
|
Industria de Diseno Textil SA
MC:ITX
|
$164.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Boeing Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -3,908,000,000 to 5,454,000,000, a change of 9,362,000,000.
- Net income of 2,235,000,000 contributed positively to equity growth.
- Dividend payments of 331,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 638,000,000.
- Other factors increased equity by 6,820,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.23 Billion | +40.98% |
| Dividends Paid | $331.00 Million | -6.07% |
| Other Comprehensive Income | $638.00 Million | +11.7% |
| Other Changes | $6.82 Billion | +125.05% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares The Boeing Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 31.78x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 35.96x to 31.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.32 | $227.38 | x |
| 1986-12-31 | $6.89 | $227.38 | x |
| 1987-12-31 | $7.17 | $227.38 | x |
| 1988-12-31 | $7.92 | $227.38 | x |
| 1989-12-31 | $8.90 | $227.38 | x |
| 1990-12-31 | $10.12 | $227.38 | x |
| 1991-12-31 | $11.78 | $227.38 | x |
| 1992-12-31 | $11.82 | $227.38 | x |
| 1993-12-31 | $13.21 | $227.38 | x |
| 1994-12-31 | $14.22 | $227.38 | x |
| 1995-12-31 | $14.48 | $227.38 | x |
| 1996-12-31 | $11.14 | $227.38 | x |
| 1997-12-31 | $13.35 | $227.38 | x |
| 1998-12-31 | $12.61 | $227.38 | x |
| 1999-12-31 | $12.38 | $227.38 | x |
| 2000-12-31 | $12.65 | $227.38 | x |
| 2001-12-31 | $13.05 | $227.38 | x |
| 2002-12-31 | $9.52 | $227.38 | x |
| 2003-12-31 | $10.06 | $227.38 | x |
| 2004-12-31 | $13.88 | $227.38 | x |
| 2005-12-31 | $13.77 | $227.38 | x |
| 2006-12-31 | $6.02 | $227.38 | x |
| 2007-12-31 | $11.66 | $227.38 | x |
| 2008-12-31 | $-1.78 | $227.38 | x |
| 2009-12-31 | $2.98 | $227.38 | x |
| 2010-12-31 | $3.72 | $227.38 | x |
| 2011-12-31 | $4.67 | $227.38 | x |
| 2012-12-31 | $7.81 | $227.38 | x |
| 2013-12-31 | $19.49 | $227.38 | x |
| 2014-12-31 | $11.91 | $227.38 | x |
| 2015-12-31 | $9.19 | $227.38 | x |
| 2016-12-31 | $1.36 | $227.38 | x |
| 2017-12-31 | $0.67 | $227.38 | x |
| 2018-12-31 | $0.70 | $227.38 | x |
| 2019-12-31 | $-15.17 | $227.38 | x |
| 2020-12-31 | $-32.19 | $227.38 | x |
| 2021-12-31 | $-25.51 | $227.38 | x |
| 2022-12-31 | $-26.69 | $227.38 | x |
| 2023-12-31 | $-28.43 | $227.38 | x |
| 2024-12-31 | $-6.04 | $227.38 | x |
| 2025-12-31 | $7.15 | $227.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Boeing Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.50%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 30.85x
- Recent ROE (40.98%) is below the historical average (148.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 12.97% | 4.15% | 1.47x | 2.12x | $129.60 Million |
| 1986 | 13.78% | 4.07% | 1.48x | 2.29x | $182.40 Million |
| 1987 | 9.63% | 3.13% | 1.22x | 2.52x | $-18.70 Million |
| 1988 | 11.36% | 3.62% | 1.35x | 2.33x | $73.60 Million |
| 1989 | 11.01% | 3.33% | 1.53x | 2.17x | $61.90 Million |
| 1990 | 19.86% | 5.02% | 1.89x | 2.09x | $687.70 Million |
| 1991 | 19.36% | 5.35% | 1.86x | 1.95x | $757.70 Million |
| 1992 | 6.85% | 1.83% | 1.66x | 2.25x | $-253.60 Million |
| 1993 | 13.85% | 4.89% | 1.24x | 2.28x | $345.70 Million |
| 1994 | 8.82% | 3.90% | 1.02x | 2.21x | $-114.00 Million |
| 1995 | 3.97% | 2.01% | 0.88x | 2.23x | $-596.80 Million |
| 1996 | 10.01% | 4.83% | 0.83x | 2.49x | $900.00K |
| 1997 | -1.37% | -0.39% | 1.20x | 2.94x | $-1.47 Billion |
| 1998 | 9.09% | 1.99% | 1.53x | 2.98x | $-111.60 Million |
| 1999 | 20.14% | 3.98% | 1.60x | 3.15x | $1.16 Billion |
| 2000 | 19.31% | 4.15% | 1.22x | 3.81x | $1.03 Billion |
| 2001 | 26.12% | 4.86% | 1.20x | 4.47x | $1.74 Billion |
| 2002 | 6.39% | 0.91% | 1.03x | 6.80x | $-277.60 Million |
| 2003 | 8.82% | 1.42% | 0.95x | 6.52x | $-95.90 Million |
| 2004 | 16.21% | 3.49% | 0.97x | 4.78x | $701.40 Million |
| 2005 | 23.17% | 4.78% | 0.89x | 5.43x | $1.46 Billion |
| 2006 | 46.55% | 3.59% | 1.19x | 10.93x | $1.73 Billion |
| 2007 | 45.07% | 6.11% | 1.13x | 6.55x | $3.16 Billion |
| 2008 | 0.00% | 4.36% | 1.13x | 0.00x | $2.78 Billion |
| 2009 | 62.73% | 1.96% | 1.10x | 29.16x | $1.12 Billion |
| 2010 | 119.70% | 5.15% | 0.94x | 24.79x | $3.03 Billion |
| 2011 | 114.11% | 5.84% | 0.86x | 22.76x | $3.66 Billion |
| 2012 | 65.28% | 4.77% | 0.92x | 14.90x | $3.30 Billion |
| 2013 | 30.53% | 5.29% | 0.93x | 6.18x | $3.08 Billion |
| 2014 | 61.89% | 5.99% | 0.91x | 11.29x | $4.56 Billion |
| 2015 | 80.85% | 5.38% | 1.02x | 14.76x | $4.53 Billion |
| 2016 | 557.81% | 5.17% | 1.05x | 102.62x | $4.80 Billion |
| 2017 | 2051.46% | 8.99% | 1.02x | 224.11x | $8.41 Billion |
| 2018 | 2549.51% | 10.34% | 0.86x | 286.24x | $10.41 Billion |
| 2019 | 0.00% | -0.83% | 0.57x | 0.00x | $225.70 Million |
| 2020 | 0.00% | -20.41% | 0.38x | 0.00x | $-10.04 Billion |
| 2021 | 0.00% | -6.75% | 0.45x | 0.00x | $-2.70 Billion |
| 2022 | 0.00% | -7.41% | 0.49x | 0.00x | $-3.35 Billion |
| 2023 | 0.00% | -2.86% | 0.57x | 0.00x | $-498.70 Million |
| 2024 | 0.00% | -17.77% | 0.43x | 0.00x | $-11.43 Billion |
| 2025 | 40.98% | 2.50% | 0.53x | 30.85x | $1.69 Billion |
Industry Comparison
This section compares The Boeing Company's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $742,278,104
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Boeing Company (BA) | $5.46 Billion | 12.97% | 29.83x | $172.93 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $3.99 Billion |
| AAR Corp (AIR) | $314.74 Million | 4.91% | 1.33x | $4.37 Billion |
| Air Industries Group (AIRI) | $2.28 Million | 23.68% | 14.08x | $14.96 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $203.46 Million |
| Astronics Corporation (ATRO) | $14.80 Million | 18.24% | 1.02x | $2.27 Billion |
| AeroVironment Inc (AVAV) | $612.11 Million | 3.81% | 0.52x | $9.09 Billion |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $28.25 Billion |
| Beta Technologies, Inc. (BETA) | $1.82 Billion | -41.03% | 0.17x | $3.58 Billion |
| BWX Technologies Inc (BWXT) | $1.00 Billion | 22.70% | 1.83x | $19.82 Billion |
About The Boeing Company
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services. The Commercial Airplanes segment dev… Read more