Builds commercial aircraft, defence systems and space hardware, and services the fleets it has delivered.
Boeing (BA) scores 3.1 out of 10 as of , computed from its reported financial statements. That reads as low quality. The reading rests on profitability, and solvency is what holds it back.
One pillar, growth, is unscored because the filings behind it carry too little to judge. It is shown as a dash rather than a zero, and the overall score is the weighted average of what could be scored.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
We cannot judge Boeing yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
A duopoly with an order book stretching years ahead ought to be a quality business, and the financial statements say something quite different, which is exactly why it is worth running through the framework. Profitability, solvency and predictability have all been damaged at once, an unusual combination. The score is a compact way of seeing how far the recovery still has to run.
As of October 18, 2026, Boeing scores 3.1 out of 10 on the Lemma Quality Score, a reading of low quality. Scores this low usually reflect thin margins, a stretched balance sheet or an erratic record, and the pillars below show which. Nothing in it comes from the share price or from forecasts: it is Boeing’s own reported numbers, scored pillar by pillar.
Among the 270 Industrials companies with a published score, that ranks at the 13th percentile, among the weakest quarter of its peers. For reference, the middle of the group scores 5.6 and a company needs 6.5 to reach its top quarter, which leaves Boeing well below the median.
On profitability, Boeing scores 4.9, an average reading. Its peers have a median of 4.9 across 262 Industrials companies, which places it in line with them, at the 49th percentile. An average profitability reading usually means the company earns a fair return without obvious pricing power, so the other pillars decide more of the story.
On solvency, Boeing scores 2.0, a weak reading. Its peers have a median of 7.1 across 241 Industrials companies, which places it well below them, at the 5th percentile. Weak solvency means debt is heavy relative to earnings or cash flow, which makes the business more sensitive to interest rates and to any fall in profits.
Growth has no score for Boeing. Fewer than half of the pillar’s metric weight could be computed from the reported statements, so it is drawn as a dash and left out of the overall rather than counted as a zero. For context, the median growth score across 216 Industrials companies is 5.4. Growth needs at least three years of comparable annual statements, so a short or interrupted history leaves it blank.
On efficiency, Boeing scores 2.7, a weak reading. Its peers have a median of 6.2 across 264 Industrials companies, which places it well below them, at the 9th percentile. Poor conversion of assets and earnings into cash can come from heavy investment phases, and it matters whether that investment is paying off.
Boeing’s predictability score is 2.3 out of 10 (weak). Against a median of 5.0 among 267 Industrials companies, that is well below the group and the 15th percentile. When results are this uneven, the averages behind the other pillars hide a lot of movement, and a longer history tells more than the latest year.
Profitability at 4.9 is Boeing’s best pillar and solvency at 2.0 its weakest. The 2.9 point gap between them is worth keeping in mind when reading the overall. A profitability lead usually reflects something durable in the business model rather than a good year. When solvency is the soft spot, the question is how much of the cash flow is already spoken for by debt.
Of everything that could lift Boeing’s score, solvency matters most. Bringing it up to the 7.1 median of Industrials companies would take the overall from 3.1 to roughly 4.4. With one pillar unscored, the overall rests on 80 of the 100 weight points, spread across the four pillars that could be measured (the full set is profitability 25, solvency 20, growth 20, efficiency 15, predictability 20).
For a fair comparison, start with companies of a similar size: the Industrials companies below are nearest to Boeing by market value, each scored on the same pillars.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading Boeing scores 3.1 out of 10, which reads as low quality. Its strongest pillar is profitability, its weakest is solvency. Quality is not the same as a good investment: the score says nothing about the price you would pay.
Boeing ranks at the 13th percentile of the 270 Industrials companies Lemma publishes a score for. The median there is 5.6 and the top quarter starts at 6.5, against Boeing’s 3.1.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 18, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for BA are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.
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