Boeing Co
Boeing Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 9.22% | 8.51% | — | 149.02% | 1.52% | 1.5 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.9% | 7.62% | — | 144.48% | 1.41% | 1.2 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.58% | 7.17% | — | 244.5% | 1.38% | 0.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | -18.98% | — | — | -6.85% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | -18.9% | — | — | -7.17% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | -21.6% | — | — | -7.91% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | -21.31% | — | — | -8.06% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | -16.31% | — | — | -5.86% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | -3.83% | — | — | -2.48% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | -1.69% | — | — | -1.59% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | -1.75% | — | — | -1.62% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | -3.16% | — | — | -2.08% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | -7.28% | — | — | -3.31% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | -5.21% | — | — | -3.04% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | -6.85% | — | — | -3.58% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | -13.51% | — | — | -5.94% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | -7.61% | — | — | -3.71% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | -6.98% | — | — | -3.42% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | -4.78% | — | — | -2.89% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | -10.43% | — | — | -5.5% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | -11.46% | — | — | -5.66% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -21.15% | — | — | -8.04% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -25.24% | — | — | -8.31% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -12.62% | — | — | -3.04% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -10.07% | — | — | -1.97% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -13.33% | — | — | -2.59% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -5.48% | — | — | -0.51% | — |
| FY 2019 Q3 | Sep 30, 2019 | 59.08% | 11.59% | -75.98% | — | 3.07% | 51.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 136.52% | 15.45% | -185.64% | — | 4.17% | 128.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 165.38% | 30.72% | 29.54% | 1,504.38% | 8.67% | 157.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 231.47% | 33.37% | 61.98% | 3,014.41% | 9.98% | 223.8 pp |
| FY 2018 Q3 | Sep 30, 2018 | 350.32% | 30.18% | — | — | 9.89% | 342.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 736.89% | 31.14% | 98.59% | — | 9.5% | 729.2 pp |
| FY 2018 Q1 | Mar 31, 2018 | 258.1% | 28.57% | 229.29% | 1,400.61% | 9.08% | 250.4 pp |
| FY 2017 Q4 | Dec 31, 2017 | 353.52% | 27.07% | 473.35% | 1,398.81% | 8.99% | 345.8 pp |
| FY 2017 Q3 | Sep 30, 2017 | 197.6% | 24.48% | — | 421.8% | 7.44% | 189.9 pp |
| FY 2017 Q2 | Jun 30, 2017 | 472.15% | 23.48% | — | — | 7.93% | 464.5 pp |
| FY 2017 Q1 | Mar 31, 2017 | 120.22% | 14.82% | — | 247.8% | 5.66% | 112.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 144.74% | 13.91% | — | 136.88% | 5.31% | 137 pp |
| FY 2016 Q3 | Sep 30, 2016 | 90.11% | 11.79% | — | 97.18% | 4.57% | 82.4 pp |
| FY 2016 Q2 | Jun 30, 2016 | 84.91% | 12.66% | — | 108.48% | 3.96% | 77.2 pp |
| FY 2016 Q1 | Mar 31, 2016 | 71.93% | 17.06% | — | 84.68% | 5.34% | 64.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 96.27% | 17.21% | — | 69.01% | 5.35% | 88.6 pp |
| FY 2015 Q3 | Sep 30, 2015 | 50.18% | 20.6% | — | 52.85% | 5.86% | 42.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 50.65% | 19.53% | — | 51.9% | 5.53% | 42.9 pp |
| FY 2015 Q1 | Mar 31, 2015 | 48.45% | 19.49% | — | 51.88% | 6.14% | 40.8 pp |
| FY 2014 Q4 | Dec 31, 2014 | 52.63% | 17.87% | — | 46.27% | 5.68% | 44.9 pp |
| FY 2014 Q3 | Sep 30, 2014 | 42.9% | 16.5% | 10.92% | 44.44% | 5.57% | 35.2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 43.71% | 15.73% | 11.38% | 46.41% | 5.42% | 36 pp |
| FY 2014 Q1 | Mar 31, 2014 | 37.36% | 15.68% | 3.93% | 40.43% | 4.88% | 29.7 pp |
| FY 2013 Q4 | Dec 31, 2013 | 44.75% | 15.42% | 6.95% | 44.21% | 5.05% | 37.1 pp |
| FY 2013 Q3 | Sep 30, 2013 | 43.67% | 15.57% | — | 52.36% | 4.86% | 36 pp |
| FY 2013 Q2 | Jun 30, 2013 | 46.18% | 15.27% | — | 63.08% | 4.84% | 38.5 pp |
| FY 2013 Q1 | Mar 31, 2013 | 47.24% | 14.98% | — | 65.39% | 4.79% | 39.5 pp |
| FY 2012 Q4 | Dec 31, 2012 | 69.67% | 15.28% | -170.1% | 83.14% | 4.62% | 62 pp |
| FY 2012 Q3 | Sep 30, 2012 | 34.6% | 16.23% | — | 63.67% | 5.47% | 26.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 38.97% | 17.4% | — | 83.15% | 5.7% | 31.3 pp |
| FY 2012 Q1 | Mar 31, 2012 | 42.92% | 17.72% | — | 97.44% | 5.85% | 35.2 pp |
| FY 2011 Q4 | Dec 31, 2011 | 54.83% | 16.26% | — | 127.94% | 5.41% | 47.1 pp |
| FY 2011 Q3 | Sep 30, 2011 | 26.45% | 15.84% | — | 72.72% | 5.44% | 18.8 pp |
| FY 2011 Q2 | Jun 30, 2011 | 28.7% | 15.6% | — | 90.35% | 5.19% | 21 pp |
| FY 2011 Q1 | Mar 31, 2011 | 29.27% | 15.23% | — | 98.45% | 5.12% | 21.6 pp |
| FY 2010 Q4 | Dec 31, 2010 | 46.06% | 15.95% | 51.01% | 135.15% | 5.06% | 38.4 pp |
| FY 2010 Q3 | Sep 30, 2010 | 41.51% | 19.31% | — | 199.12% | 5.51% | 33.8 pp |
| FY 2010 Q2 | Jun 30, 2010 | 16.33% | 7.21% | — | 62.02% | 1.66% | 8.6 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · BA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.