Boeing Q1 2025 Results: Revenue up 18% to $19.5 billion, but cash burn and defense drag performance
Boeing [NYSE: BA] reported its Q1 2025 financial results showing a solid revenue growth of 18% year-on-year to $19.5 billion, fueled by a strong surge in commercial aircraft deliveries. The company delivered 130 aircraft, a 57% jump compared to the previous year, and received 221 net orders, pushing its backlog to $545 billion.
Despite this revenue strength, Boeing posted a GAAP net loss of $31 million, or a loss per share of ($0.16). Core loss per share stood at ($0.49), and the company burned $2.3 billion in free cash flow, which was an improvement from the $4 billion outflow a year earlier. Commercial and services drive growth, defense disappoints
The Commercial Airplanes segment earned $8.1 billion in revenue, but continued to struggle with an operating margin of (6.6%). Meanwhile, Global Services generated $5.1 billion, supported by a healthy 18.6% operating margin. In contrast, Defense, Space & Security revenue dropped 9% YoY to $6.3 billion, managing only a 2.5% operating margin.
Boeing's debt remains high at $53.6 billion, raising investor concerns despite improving operational metrics. Production ramp-up and tariff watch
Boeing aims to ramp up 737 MAX production to 42 jets per month later this year, pending FAA approval, while also increasing 787 production to seven monthly units. The company's executives are expected to face questions around the impact of global tariffs during their earnings call, especially amid rising trade tensions. FAQs
What drove Boeing's Q1 2025 revenue growth?
Primarily higher commercial aircraft deliveries, which rose 57% to 130 units.
Did Boeing make a profit in Q1 2025?
No, Boeing posted a net loss of $31 million, though it was a significant improvement from the $355 million loss in Q1 2024.
How much free cash flow did Boeing burn?
Free cash flow stood at negative $2.3 billion, improved from $4 billion a year earlier.
What's the outlook for 737 MAX production?
The company plans to ramp up 737 MAX production to 42 units per month, pending regulatory approval.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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