Boeing has reported a strong performance in its latest quarter, marking its second consecutive quarter of positive free cash flow (FCF) and exceeding revenue expectations significantly. The company announced its fourth-quarter and full-year financial results before the market opened on Tuesday, showcasing a remarkable adjustment in its earnings trajectory.
Boeing’s adjusted earnings for the quarter reached $9.92 per share, a substantial leap from the anticipated loss of $0.44 per share as estimated by Wall Street analysts from FactSet. It’s important to note that these earnings figures include a notable gain of $11.83 per share, resulting from the completion of Boeing’s divestiture of its digital aviation assets. This sale has played a pivotal role in enhancing overall earnings, although it clouds direct comparisons to traditional earnings estimates.
In terms of cash flow, Boeing generated $375 million in free cash flow for the quarter, significantly surpassing the expected figure of $207 million. This marks a notable turnaround for the aircraft manufacturer, which had previously experienced six consecutive quarters of negative free cash flow.
The company’s performance in the commercial aviation sector has shown significant recovery, with a 72% increase in commercial deliveries compared to the previous year. Boeing secured nearly 1,200 plane orders in 2025, a notable accomplishment that allowed it to outpace European competitor Airbus for the first time since 2018.
Boeing’s revenue saw a remarkable 57% increase in the fourth quarter, reaching $23.95 billion and surpassing analyst estimates of $22.6 billion. This growth in revenue contributed to an expanded total backlog, which now stands at an impressive $682 billion.
Additionally, following a favorable ruling from U.S. regulators, Boeing has received approval for an increase in the monthly production cap of its 737 model, allowing for an increase from 38 to 42 planes. This adjustment is expected to bolster the company’s production capabilities and further enhance its competitive position in the aerospace market.
