BA vs GM
Boeing Co. and General Motors Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BA | GM |
|---|---|---|
| Revenue | $89.5B | $185.0B |
| Net income | $2.2B | $2.7B |
| Gross margin | 4.8% | · |
| Net margin | 2.5% | 1.5% |
| Return on equity | · | 4.3% |
| Diluted EPS | $2.48 | $3.27 |
| Dividend / share | · | $0.57 |
| Payout ratio | 14.8% | 24.4% |
| Free cash flow | $-1.9B | $17.6B |
| Equity | $5.5B | $61.1B |
| Net debt / equity | 9.42× | 1.81× |
| Current ratio | 1.19× | 1.17× |
| Revenue CAGR 5y | 9.0% | 8.6% |
| Profit CAGR 5y | · | −15.9% |
GM bills 2.1× the revenue of BA, and BA keeps more of each dollar of revenue as profit (2.5% against 1.5%).
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 | GM |
|---|---|---|
| FY2025 | $89.5B | $185.0B |
| FY2024 | $66.5B | $187.4B |
| FY2023 | $77.8B | $171.8B |
| FY2022 | $66.6B | $156.7B |
| FY2021 | $62.3B | $127.0B |
| FY2020 | $58.2B | $122.5B |
| FY2019 | $76.6B | $137.2B |
| FY2018 | $101.1B | $147.0B |
| FY2017 | $94.0B | $145.6B |
| FY2016 | $93.5B | $149.2B |
Bottom line
| Fiscal year | BA | GM |
|---|---|---|
| FY2025 | $2.2B | $2.7B |
| FY2024 | $-11.8B | $6.0B |
| FY2023 | $-2.2B | $10.1B |
| FY2022 | $-4.9B | $9.9B |
| FY2021 | $-4.2B | $10.0B |
| FY2020 | $-11.9B | $6.4B |
| FY2019 | $-636.0M | $6.7B |
| FY2018 | $10.5B | $8.0B |
| FY2017 | $8.5B | $-3.9B |
| FY2016 | $5.0B | $9.4B |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$95,556,000,000 | GM |
| FY2024 | −$120,925,000,000 | GM |
| FY2023 | −$94,048,000,000 | GM |
| FY2022 | −$90,127,000,000 | GM |
| FY2021 | −$64,718,000,000 | GM |
| FY2020 | −$64,327,000,000 | GM |
| FY2019 | −$60,678,000,000 | GM |
| FY2018 | −$45,922,000,000 | GM |
| FY2017 | −$51,583,000,000 | GM |
| FY2016 | −$55,688,000,000 | GM |
| FY2015 | −$39,611,000,000 | GM |
| FY2014 | −$65,167,000,000 | GM |
| FY2013 | −$68,804,000,000 | GM |
| FY2012 | −$70,558,000,000 | GM |
| FY2011 | −$81,541,000,000 | GM |
| FY2010 | −$71,286,000,000 | GM |
GM has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.0 pp | BA |
| FY2024 | −21.0 pp | GM |
| FY2023 | −8.6 pp | GM |
| FY2022 | −13.8 pp | GM |
| FY2021 | −14.7 pp | GM |
| FY2020 | −25.7 pp | GM |
| FY2019 | −5.7 pp | GM |
| FY2018 | +4.9 pp | BA |
| FY2017 | +11.7 pp | BA |
| FY2016 | −0.8 pp | GM |
| FY2015 | −1.7 pp | GM |
| FY2014 | +3.4 pp | BA |
| FY2013 | +1.9 pp | BA |
| FY2012 | +0.7 pp | BA |
| FY2011 | −0.3 pp | GM |
| FY2010 | +0.3 pp | BA |
The higher net margin has changed hands between BA and GM over this period.
16 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 GM's over the 16 comparable fiscal years — 8.8 percentage points of standard deviation against 2.5.
16 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 GM over these 16 fiscal years — BA led in 7 and GM in 9.
16 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 GM's over the 8 comparable fiscal years — 199.0 percentage points of standard deviation against 10.9.
8 of 16 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 16 comparable fiscal years — a year missing data on either side is not counted.