BA · CIK 0000012927 · FY2025 live · 2025-12-31
BOEING CO
View as
Model
Classic Z
FY2025
0.92
Zone
Distress
vs FY2024
+0.36
Market DD
—
1y PD
—
0.92
Z″ 1.33
Score 0.92 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.121.2 × = 0.15X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.101.4 × = 0.14X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.033.3 × = 0.08X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
0.030.6 × = 0.02X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.531 × = 0.53
Five-year path
Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.
Meridian Rank
55.20
0–100 · Classic Z family
Book standing
45
Year change
75
Market PD
—
O-score
56
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
BOEING CO is on classic Z at 0.92 (distress) for FY2025, from an SEC 10-K. Sales / assets is the line that sets the print. Versus FY2024 the live print is still distress (+0.36 from 0.56). No market tape loaded. Classic Z was fit on manufacturers. Buybacks can send retained earnings negative at otherwise healthy issuers. X4 is book equity.
Book screen Distress; market PD —. Market PD has not been priced on this name.
MD&A excerpt
Management discusses 737 MAX and 787 delivery-rate constraints under heightened quality and FAA oversight, with program accounting remaining sensitive to production recovery. Cash consumption from inventory build and delayed deliveries is the central liquidity topic; the company cites a sizable cash balance, capital-market access, and a revolving facility as offsets. Supply-chain readiness and certification milestones are framed as the gating items for free-cash-flow inflection.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Classic Z scores · 34th percentile in Industrials.
- ULBIDistressULTRALIFE CORP0.93
- ENRDistressENERGIZER HOLDINGS, INC.0.93
- GEVDistressGE Vernova Inc.0.93
- JCIDistressJohnson Controls International plc0.91
- NAUTDistressNautilus Biotechnology, Inc.0.94
- LHXDistressL3HARRIS TECHNOLOGIES, INC. /DE/0.90
- SEIDistressSolaris Energy Infrastructure, Inc.0.95
- KNDIDistressKandi Technologies Group, Inc.0.95
Filing line items
Current assets
$128.5B
Total assets
$168.2B
Current liabilities
$108.1B
Total liabilities
$162.8B
Working capital
$20.3B
Retained earnings
$17.3B
EBIT
$4.3B
Total sales
$89.5B
Book equity
$5.5B
Accession 0001628280-26-004357. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.