Stock Analysis on Net

Boeing Co. (NYSE:BA)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Boeing Co., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Net Earnings (Loss) Attributable to Boeing Shareholders
Over the examined period, net earnings demonstrate considerable variability with positive growth up to 2018, followed by significant negative earnings thereafter. From 2005 through 2018, the company experienced an overall upward trend in net earnings, reaching a peak in 2018 at $10,460 million. Early years (2005 to 2010) showed fluctuations but maintained positive earnings in the range of $1,312 million to $4,074 million. The period from 2011 to 2018 marked more consistent and increased profitability, exceeding $4,000 million annually and culminating in the peak mentioned above. However, starting in 2019, the company encountered a sharp decline resulting in losses, with a substantial negative turn in 2019 (-$636 million) that worsened through 2020 (-$11,873 million). Although there is some reduction in loss magnitude in subsequent years, the company remained in negative territory through 2024, signifying ongoing financial challenges.
Total Assets
The asset base showed general growth over the two decades with some fluctuations. Initial years show a modest increase followed by more rapid asset growth starting in 2009, continuing to expand steadily until 2020. Total assets rose from $60,058 million in 2005 to a peak of $152,136 million in 2020. After 2020, total assets slightly decreased and stabilized in the range of $137,000 million to $138,000 million through 2023, before increasing again to $156,363 million in 2024. This pattern indicates that despite earnings volatility, the company largely grew its asset base, possibly reflecting investment and expansion activities.
Return on Assets (ROA)
The return on assets closely tracks the profitability trends and shows marked fluctuations. From 2005 to 2018, ROA generally improved from approximately 4.28% to a high of nearly 8.91% in 2018, indicating increasing efficiency in generating profit from the asset base. Notably, 2007 and 2017-2018 reported the highest ROA values, suggesting strong operational performance during those years. Starting in 2019, ROA dropped sharply into negative territory, reflecting the net losses seen in that period. The lowest ROA was recorded in 2020 at -7.8%, consistent with the timing of significant global disruptions impacting financial results. Negative ROA persisted through 2024, although with some fluctuation, indicating ongoing operational challenges relative to asset efficiency.

Comparison to Competitors

Boeing Co., ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)