BA
Boeing
BA · Aerospace & Defense
Company brief
BA
BAAerospace & Defense$130B

Boeing

Leading aerospace manufacturer of commercial airplanes, defense systems, and space vehicles with integrated engineering and manufacturing systems

Moat score
92/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$217
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+6.9%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
N/A

Forward P/E is unavailable, so use price performance and business quality as first-pass checks.

P/E
76.6x

A P/E around 76.6x means investors pay about $76.6 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$2.71
Market Cap
$173.8B
Start with price performance and market cap, then wait for earnings/forward P/E data before judging valuation.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Boeing remains a business with strong switching costs, but the stock keeps reacting to execution and valuation until more complete financial and ownership data is available.

Watch signal

Valuation and margin data become available without undermining the current growth read.

What you own

Boeing is exposure to aerospace & defense operating model with high switching costs and 98% net revenue retention.

Base thesis

20-year aircraft certification cycles create virtually insurmountable switching costs for airlines

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
92Moat Score
Net Revenue Retention98%
Retention RiskLow
AI Disruption RiskLow
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • 20-year aircraft certification cycles create virtually insurmountable switching costs for airlines
  • FAA-approved manufacturing processes and quality systems took decades to establish
  • Global duopoly with Airbus makes customer switching extremely limited and costly
  • Deep integration with 12,000+ suppliers creates ecosystem lock-in effects
  • Pilot training, maintenance expertise, and spare parts inventory lock airlines into Boeing platforms
  • Defense contracts involve 5-15 year programs with classified systems integration