波音公司The Boeing Company（BA）2025年第四季度及全年业绩报告「NYSE」（英文版）（13页）.pdf

1、Boeing Reports Fourth Quarter ResultsFourth Quarter 2025 Acquired Spirit AeroSystems in December underscoring commitment to safety,quality,and production stability Revenue increased to$23.9 billion primarily reflecting 160 commercial deliveries Earnings reflects$9.6 billion gain on sale associated w

2、ith closing the Digital Aviation Solutions transaction Operating cash flow of$1.3 billion and free cash flow(non-GAAP)*of$0.4 billionFull Year 2025 Revenue of$89.5 billion and 600 commercial deliveries reflect the highest annual totals since 2018 Total company backlog grew to a record$682 billion,in

3、cluding over 6,100 commercial airplanesTable 1.Summary Financial ResultsFourth QuarterFull Year(Dollars in Millions,except per share data)20252024Change20252024ChangeRevenues$23,948$15,242 57%$89,463$66,517 34%GAAPEarnings/(loss)from operations$8,777 ($3,770)NM$4,281 ($10,707)NMOperating margins 36.

4、7%(24.7)%NM 4.8%(16.1)%NMNet earnings/(loss)$8,220 ($3,861)NM$2,238 ($11,829)NMDiluted earnings/(loss)per share$10.23 ($5.46)NM$2.48 ($18.36)NMOperating cash flow$1,331 ($3,450)NM$1,065 ($12,080)NMNon-GAAP*Core operating earnings/(loss)$8,519 ($4,042)NM$3,236 ($11,811)NMCore operating margins 35.6%(

5、26.5)%NM 3.6%(17.8)%NMCore earnings/(loss)per share$9.92 ($5.90)NM$1.19 ($20.38)NM*Non-GAAP measure;complete definitions of Boeings non-GAAP measures are on page 5,“Non-GAAP Measures Disclosures.ARLINGTON,Va.,January 27,2026 The Boeing Company NYSE:BA recorded fourth quarter revenue of$23.9 billion,

6、reflecting improved operational performance and higher commercial delivery volume.GAAP earnings per share of$10.23 and core earnings per share(non-GAAP)*of$9.92 primarily reflect a$9.6 billion gain on sale associated with closing the Digital Aviation Solutions transaction,which increased earnings pe