OKLAHOMA CITY (OBV) — Boeing reported fourth‑quarter 2025 revenue of $23.9 billion on 160 commercial deliveries, with quarterly GAAP EPS of $10.23 and core EPS (non‑GAAP) of $9.92 largely driven by a $9.6 billion gain from closing the Digital Aviation Solutions transaction. The company generated $1.3 billion in operating cash flow and $0.4 billion in free cash flow for the quarter.
For the full year, Boeing posted $89.5 billion in revenue and 600 commercial deliveries—its highest annual totals since 2018—while total backlog climbed to a record $682 billion, including more than 6,100 commercial airplanes. Boeing also completed its acquisition of Spirit AeroSystems in December, integrating operations that include sites in Wichita, Dallas and Tulsa, a move the company says supports safety, quality and production stability.
“We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead,” said Boeing President and CEO Kelly Ortberg. “We completed the acquisition of Spirit AeroSystems and the sale of portions of the Digital Aviation Solutions business and remain focused on promoting stable operations, completing our development programs, rebuilding trust with our stakeholders, and fully restoring Boeing to the iconic company we all know it can be.”
Boeing said fourth‑quarter results also reflected stabilizing performance in Defense, Space & Security and higher Global Services volume, while Commercial Airplanes continued to focus on rate increases and certification milestones as the company works through its order book. Independent coverage noted the quarter’s sharp year‑over‑year revenue increase and the backlog strength amid continued operational rebuilding.
