Stock Analysis on Net
Stock Analysis on Net

Boeing Co. (NYSE:BA)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel
ROE = 100 × Net earnings (loss) attributable to Boeing Shareholders1 ÷ Shareholders’ equity (deficit)1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

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

A comprehensive analysis of the provided financial data reveals several key trends regarding profitability, equity, and return on equity (ROE) over the examined period.

Net Earnings (Loss) Attributable to Shareholders
Net earnings generally exhibited a positive and growing trend from 2005 through 2018, rising from $2,572 million in 2005 to a peak of $10,460 million in 2018. This reflects substantial profitability growth, especially notable between 2013 and 2018. However, starting in 2019, a sharp decline occurred, with net earnings turning negative at -$636 million, reaching significant losses of -$11,873 million in 2020. Although some recovery is seen in the following years, losses persist through 2024, indicating a period of financial difficulty or external stress impacting profitability.
Shareholders' Equity (Deficit)
Shareholders’ equity showed volatility throughout the years. Initially strong in 2005 at $11,059 million, it decreased sharply to a negative $1,294 million in 2008, suggesting a significant loss of equity possibly due to economic downturn or impairment charges. Recovery followed, with equity reaching a high of $14,875 million in 2013, but then a declining trend resumed. From 2014 onward, equity declined steadily, turning negative again in 2019 at -$8,617 million and continuing to deteriorate through to 2024, hitting -$3,908 million. This downward trend in equity signals financial strain, possibly due to accumulated losses and liabilities exceeding assets in recent years.
Return on Equity (ROE)
ROE data indicates exceptional profitability in the mid-2000s to late-2010s, with percentages spanning from 23.26% in 2005 to an extraordinary 3,085.55% in 2018, though such high figures may be attributable to extremely low or negative equity values inflating the ratio. Noticeably, data points are missing or not provided for the years following 2018, likely due to negative shareholders’ equity invalidating meaningful ROE calculations. The remarkably high ROE in the years prior to 2019 suggests strong leverage effects but also potential accounting or valuation anomalies related to equity deterioration.

Overall, the financial data highlights a period of strong growth and profitability through the mid-2010s, followed by a substantial deterioration starting in 2019. The transition to negative net earnings and shareholders’ equity marks a critical inflection point, reflecting challenges that may include market conditions, operational setbacks, or other financial pressures. The missing ROE data in recent years corresponds with negative equity, underscoring the severity of the financial decline.

Comparison to Competitors

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

Microsoft Excel
Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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)

Boeing Co., ROE, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Boeing Co. Capital Goods
Dec 31, 2024
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Dec 31, 2006
Dec 31, 2005

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 Industry (Industrials)

Boeing Co., ROE, long-term trends, comparison to industry (industrials)

Microsoft Excel
Boeing Co. Industrials
Dec 31, 2024
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Dec 31, 2005

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).