BA Boeing margins

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Relative Growth: Rel. Growth: 76
Relative Strength: Rel. Strength: 24
Relative Valuation: Rel. Valuation: 84
Relative Profitability: Rel. Profitability: 65
Gross margin
9.4%
Operating margin
0%
EBITDA margin
13.3%
Net margin
8.1%

Current Boeing reports a gross margin of 9.4%, an operating margin of 0%, an EBITDA margin of 13.3%, and a net margin of 8.1%. All measured margins increased year over year, led by net margin with an increase of 20.3 percentage points.

BA margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Boeing's margins averaged 4.33% gross, -7.03% operating, 0.37% EBITDA, and -5.53% net. All four current margins are above their three-year averages.

BA margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in net margin, which rose by 20.3 percentage points. The other available margins also improved.

Gross margin expansion
8.3pp
Operating margin expansion
10.4pp
EBITDA margin expansion
19.5pp
Net margin expansion
20.3pp

BA Gross margin

Over the last 3 years, Boeing's gross margin averaged 4.33%. The current gross margin of 9.4% is 5.1 percentage points above its three-year average. During this period, gross margin reached a high of 10% in Mar 2024 and a low of -3% in Dec 2024.

BA Operating margin

Over the last 3 years, Boeing's operating margin averaged -7.03%. The current operating margin of 0% is 7 percentage points above its three-year average. During this period, operating margin reached a high of 0% in Sep 2026 and a low of -16.2% in Dec 2024.

BA EBITDA margin

Boeing's EBITDA margin averaged 0.37% during the last 3 years. Compared with its three-year average, Boeing's current EBITDA margin is 13.3% and is 12.9 percentage points above its three-year average. Over the last 3 years, Boeing's EBITDA margin peaked at 13.3% in Sep 2026 and reached a low of -11.5% in Dec 2024.

BA Net margin

Boeing recorded an average net margin of -5.53% across the last 3 years. Boeing currently reports a net margin of 8.1%, 13.6 percentage points above its three-year average. Net margin was highest at 8.1% in Sep 2026 and lowest at -17.8% in Dec 2024.

BA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 9.4%, BA stands below the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 32.5%, Boeing's gross margin is 71% lower.

BA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Boeing's gross margin?

As of Sep 30, 2026, BA has a gross margin of 9.4%.

What is Boeing's operating margin?

As of Sep 30, 2026, BA has an operating margin of 0%.

What is Boeing's EBITDA margin?

As of Sep 30, 2026, BA has an EBITDA margin of 13.3%.

What is Boeing's net margin?

The current net margin for BA is 8.1% as of Sep 30, 2026.

What are the average margins of BA?

Across the last 3 years, BA averaged 4.3% gross, -7.0% operating, 0.4% EBITDA, and -5.5% net.

What are the highest historical margins of BA?

Within the 5-year period, BA recorded its highest margins at 10% gross in Mar 2024, 0% operating in Sep 2026, 13.3% EBITDA in Sep 2026, and 8.1% net in Sep 2026.

What are the lowest historical margins of BA?

Over this 5-year history, Boeing's margins fell as low as -3% gross in Dec 2024, -16.2% operating in Dec 2024, -11.5% EBITDA in Dec 2024, and -17.8% net in Dec 2024.