#United States #Arlington #Boeing #Spirit AeroSystems #Digital Aviation

Boeing's Fourth Quarter 2025 Results

Boeing has reported impressive results for the fourth quarter of 2025, revealing a substantial increase in revenue and operating performance. The company's revenue reached $23.9 billion, a remarkable 57% increase compared to the previous year, driven by 160 commercial aircraft deliveries. This turnaround comes as Boeing also finalized the acquisition of Spirit AeroSystems in December, which is a strategic move to bolster its commitment to safety, quality, and production stability.

Key Financial Highlights

The financial highlights for the fourth quarter of 2025 included:

• - Revenue: $23.9 billion (up from $15.2 billion in Q4 2024)
• - Operating Cash Flow: $1.3 billion
• - Free Cash Flow: $0.4 billion
• - Net Earnings: $8.2 billion, reversing a loss of $3.9 billion from the previous year.

In addition, the earnings report reflected a $9.6 billion gain associated with the closing of the Digital Aviation Solutions transaction, significantly impacting earnings per share.

Full Year Performance

For the full year 2025, Boeing reported a total revenue of $89.5 billion, and 600 commercial aircraft deliveries, marking the highest annual totals since 2018. The company's backlog has grown to an unprecedented $682 billion, which includes over 6,100 commercial airplanes. The increase in deliveries and backlog reflects strong demand and operational recovery for Boeing after a challenging period.

Management's Perspective

Kelly Ortberg, Boeing’s president and CEO, highlighted the substantial progress the company made in recovering during 2025. "We completed the acquisition of Spirit AeroSystems, enabling us to enhance our operational stability, complete key development programs, and rebuild trust with our stakeholders," Ortberg commented.

He emphasized the importance of maintaining momentum into the next year, stating the company aims to restore Boeing to the iconic status it’s recognized for within the aerospace industry.

Details on Commercial Deliveries

Boeing's Commercial Airplanes segment saw revenues climb to $11.4 billion in Q4 2025, up 139% from the same quarter the previous year. The company also booked 336 net new orders, marking a strong movement in market demand. The increase in production rates, especially in the 737 and 787 programs, is a focal point of Boeing's strategy moving forward.

Defense and Global Services Growth

In its Defense, Space & Security segment, Boeing generated $7.4 billion in revenue in Q4, up 37% year-over-year. Significant contracts awarded by the U.S. government, including the delivery of 15 KC-46A Tankers, underline the division's performance.

The Global Services segment reported a 2% increase in revenue, reflecting sustained demand for aftermarket services. The operating margin soared to 202.4%, driven by strategic deals and improved operational efficiency.

Conclusion

Boeing's fourth quarter results signal a robust recovery characterized by strategic acquisitions, increased production, and enhanced financial health. The company is positioning itself for continued growth and stability in the upcoming fiscal year, demonstrating resilience in the face of challenges faced throughout the aerospace industry. Investors will be keen to watch how Boeing capitalizes on its significant backlog and strengthens its operations moving forward.