BA vs GD
Boeing Co. and General Dynamics Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BA | GD |
|---|---|---|
| Revenue | $89.5B | $52.5B |
| Net income | $2.2B | $4.2B |
| Gross margin | 4.8% | · |
| Net margin | 2.5% | 8.0% |
| Return on equity | · | 17.7% |
| Diluted EPS | $2.48 | $15.45 |
| Dividend / share | · | · |
| Payout ratio | 14.8% | 37.8% |
| Free cash flow | $-1.9B | $4.0B |
| Equity | $5.5B | $25.6B |
| Net debt / equity | 9.42× | 0.22× |
| Current ratio | 1.19× | 1.44× |
| Revenue CAGR 5y | 9.0% | 6.7% |
| Profit CAGR 5y | · | 5.9% |
BA bills 1.7× the revenue of GD, and GD keeps more of each dollar of revenue as profit (8.0% against 2.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BA | GD |
|---|---|---|
| FY2025 | $89.5B | $52.5B |
| FY2024 | $66.5B | $47.7B |
| FY2023 | $77.8B | $42.3B |
| FY2022 | $66.6B | $39.4B |
| FY2021 | $62.3B | $38.5B |
| FY2020 | $58.2B | $37.9B |
| FY2019 | $76.6B | $39.4B |
| FY2018 | $101.1B | $36.2B |
| FY2017 | $94.0B | $31.0B |
| FY2016 | $93.5B | $30.6B |
Bottom line
| Fiscal year | BA | GD |
|---|---|---|
| FY2025 | $2.2B | $4.2B |
| FY2024 | $-11.8B | $3.8B |
| FY2023 | $-2.2B | $3.3B |
| FY2022 | $-4.9B | $3.4B |
| FY2021 | $-4.2B | $3.3B |
| FY2020 | $-11.9B | $3.2B |
| FY2019 | $-636.0M | $3.5B |
| FY2018 | $10.5B | $3.3B |
| FY2017 | $8.5B | $2.9B |
| FY2016 | $5.0B | $2.6B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$36,913,000,000 | BA |
| FY2024 | +$18,801,000,000 | BA |
| FY2023 | +$35,522,000,000 | BA |
| FY2022 | +$27,201,000,000 | BA |
| FY2021 | +$23,817,000,000 | BA |
| FY2020 | +$20,233,000,000 | BA |
| FY2019 | +$37,209,000,000 | BA |
| FY2018 | +$64,934,000,000 | BA |
| FY2017 | +$63,032,000,000 | BA |
| FY2016 | +$62,935,000,000 | BA |
| FY2015 | +$64,333,000,000 | BA |
| FY2014 | +$59,910,000,000 | BA |
| FY2013 | +$55,693,000,000 | BA |
| FY2012 | +$50,706,000,000 | BA |
| FY2011 | +$36,058,000,000 | BA |
| FY2010 | +$31,840,000,000 | BA |
| FY2009 | +$36,300,000,000 | BA |
| FY2008 | +$31,609,000,000 | BA |
| FY2007 | +$39,147,000,000 | BA |
BA has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.5 pp | GD |
| FY2024 | −25.7 pp | GD |
| FY2023 | −10.7 pp | GD |
| FY2022 | −16.2 pp | GD |
| FY2021 | −15.4 pp | GD |
| FY2020 | −28.9 pp | GD |
| FY2019 | −9.7 pp | GD |
| FY2018 | +1.1 pp | BA |
| FY2017 | −0.4 pp | GD |
| FY2016 | −3.0 pp | GD |
| FY2015 | −4.2 pp | GD |
| FY2014 | −2.2 pp | GD |
| FY2013 | −2.3 pp | GD |
| FY2012 | +5.8 pp | BA |
| FY2011 | −1.9 pp | GD |
| FY2010 | −2.9 pp | GD |
| FY2009 | −5.6 pp | GD |
| FY2008 | −4.0 pp | GD |
| FY2007 | −1.5 pp | GD |
The higher net margin has changed hands between BA and GD over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BA's net margin has been more volatile than GD's over the 19 comparable fiscal years — 8.3 percentage points of standard deviation against 2.2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BA and GD over these 19 fiscal years — BA led in 2 and GD in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BA's return on equity has been more volatile than GD's over the 8 comparable fiscal years — 199.0 percentage points of standard deviation against 8.9.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BA led in return on equity in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.