The Boeing Company (BA)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,406,000 | -6,910,000 | -7,901,000 | -8,892,000 | -9,485,000 | -5,556,000 | -571,000 | 492,000 | 454,000 | -154,000 | -2,154,000 | -1,348,000 | -2,489,000 | -6,511,000 | -3,641,000 | -3,446,000 | -2,351,000 | -6,239,000 | -6,880,000 | -10,972,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,454,000 | -8,250,000 | -3,295,000 | -3,325,000 | -3,908,000 | -23,552,000 | -17,976,000 | -17,009,000 | -17,233,000 | -16,729,000 | -15,517,000 | -15,508,000 | -15,883,000 | -17,699,000 | -14,888,000 | -15,398,000 | -14,999,000 | -14,440,000 | -16,682,000 | -18,058,000 |
| Return on total capital | 99.12% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,406,000K ÷ ($—K + $5,454,000K)
= 99.12%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
The Boeing Company
BA
99.12%
GE Aerospace
GE
58.06%
General Dynamics Corporation
GD
21.14%
Hexcel Corporation
HXL
7.63%
L3Harris Technologies Inc
LHX
12.88%
Lockheed Martin Corporation
LMT
104.75%
Northrop Grumman Corporation
NOC
34.38%
Raytheon Technologies Corp
RTX
16.24%
Textron Inc
TXT
14.03%
Transdigm Group Incorporated
TDG
—
Woodward Inc
WWD
22.10%