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Compared to Estimates, Boeing (BA) Q4 Earnings: A Look at Key Metrics

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Boeing (BA - Free Report) reported $23.95 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 57.1%. EPS of -$1.91 for the same period compares to -$5.90 a year ago.

The reported revenue represents a surprise of +8.01% over the Zacks Consensus Estimate of $22.17 billion. With the consensus EPS estimate being -$0.40, the EPS surprise was -378.82%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Deliveries - Total: 160 versus 126 estimated by three analysts on average.
  • Deliveries - Commercial Airplanes - 737: 117 versus 93 estimated by three analysts on average.
  • Deliveries - Commercial Airplanes - 787: 27 versus 23 estimated by three analysts on average.
  • Deliveries - Commercial Airplanes - 777: 6 versus 3 estimated by three analysts on average.
  • Deliveries - Commercial Airplanes - 767: 10 compared to the 7 average estimate based on three analysts.
  • Revenues- Global Services: $5.21 billion versus the five-analyst average estimate of $5.53 billion. The reported number represents a year-over-year change of +1.8%.
  • Revenues- Defense, Space & Security: $7.42 billion versus $6.5 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +37.1% change.
  • Revenues- Commercial Airplanes: $11.38 billion versus $9.5 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +139% change.
  • Revenues- Unallocated items, eliminations and other: $-57 million versus the five-analyst average estimate of $-52.6 million. The reported number represents a year-over-year change of +14%.

View all Key Company Metrics for Boeing here>>>

Shares of Boeing have returned +14.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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