The Boeing Company BA incurred an adjusted loss of $7.47 per share in the third quarter of 2025, wider than the Zacks Consensus Estimate of a loss of $3.68. The bottom line improved from the year-ago quarter’s reported loss of $10.44 per share.
Including one-time items, the company reported a GAAP loss of $7.14 per share, narrower than the year-ago quarter’s reported loss of $9.97 per share.
The year-over-year improvement in the bottom line can be primarily attributed to improved operational performance and commercial delivery volume.
Revenues
Revenues amounted to $23.27 billion, which outpaced the Zacks Consensus Estimate of $21.92 billion by 6.2%. The top line also surged 30.4% from the year-ago quarter’s reported figure of $17.84 billion.
The year-over-year improvement can be attributed to revenue growth registered in all three of its major business segments.
The Boeing Company Price, Consensus and EPS Surprise
The Boeing Company price-consensus-eps-surprise-chart | The Boeing Company Quote
Total Backlog
Backlog at the end of the second quarter totaled $635.69 billion, up from $618.54 billion recorded at the end of the second quarter of 2025.
Segmental Performances
Commercial Airplane: Revenues in this segment surged 49% year over year to $11.09 billion, driven by higher jet deliveries. The segment incurred an operating loss of $5.35 billion, indicating a decline from the year-ago quarter’s reported operating loss of $4.02 billion.
During the quarter under review, Boeing delivered 160 commercial planes. The figure improved 38% year over year.
The backlog for this segment remained healthy, with more than 5,900 airplanes valued at $535 billion.
Boeing Defense, Space & Security (BDS): The segment recorded revenues of $6.90 billion, indicating year-over-year growth of 25%. It generated an operating income of $0.11 billion against the year-ago quarter’s operating loss of $2.38 billion.
BDS recorded a backlog of $76 billion, 20% of which comprised orders from international clients.
Global Services: The segment recorded revenues of $5.37 billion, indicating year-over-year growth of 10%. This unit generated an operating income of $938 million, which improved 12% from the prior-year quarter’s level.
Financial Condition
Boeing exited third-quarter 2025 with cash and cash equivalents of $6.17 billion and short-term and other investments of $16.81 billion. At the end of 2024, the company had cash and cash equivalents of $13.80 billion and short-term and other investments worth $12.48 billion.
Long-term debt amounted to $44.61 billion, down from $52.59 billion recorded at the end of 2024.
The company’s operating cash outflow in the first nine months of 2025 was $0.27 billion compared with $8.63 billion in the first nine months of 2024.
Free cash outflow totaled $2.25 billion in the first nine months of 2025 compared with $10.21 billion in the year-ago period.
Zacks Rank
Boeing currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
Textron Inc. TXT reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.
The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.
RTX Corporation’s RTX third-quarter 2025 adjusted earnings per share (EPS) of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.
Northrop Grumman Corporation NOC reported third-quarter 2025 adjusted earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. The bottom line also increased 9.6% from $7 registered in the prior-year quarter.
NOC’s total sales of $10.42 billion in the third quarter missed the Zacks Consensus Estimate of $10.72 billion by 2.8%. However, the top line rose 4.3% from $10 billion reported in the year-ago quarter.
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Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
Textron Inc. (TXT) : Free Stock Analysis Report
RTX Corporation (RTX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
