BA vs RTX
Boeing Co. and RTX Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BA | RTX |
|---|---|---|
| Revenue | $89.5B | $88.6B |
| Net income | $2.2B | $6.7B |
| Gross margin | 4.8% | · |
| Net margin | 2.5% | 8.0% |
| Return on equity | · | 10.7% |
| Diluted EPS | $2.48 | $4.96 |
| Dividend / share | · | $2.67 |
| Payout ratio | 14.8% | 53.1% |
| Free cash flow | $-1.9B | $7.9B |
| Equity | $5.5B | $65.2B |
| Net debt / equity | 9.42× | 0.41× |
| Current ratio | 1.19× | 1.03× |
| Revenue CAGR 5y | 9.0% | 9.4% |
| Profit CAGR 5y | · | · |
BA and RTX book revenue within 15% of each other, and RTX 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 | RTX |
|---|---|---|
| FY2025 | $89.5B | $88.6B |
| FY2024 | $66.5B | $80.7B |
| FY2023 | $77.8B | $68.9B |
| FY2022 | $66.6B | $67.1B |
| FY2021 | $62.3B | $64.4B |
| FY2020 | $58.2B | $56.6B |
| FY2019 | $76.6B | $45.3B |
| FY2018 | $101.1B | $34.7B |
| FY2017 | $94.0B | $59.8B |
| FY2016 | $93.5B | $57.2B |
Bottom line
| Fiscal year | BA | RTX |
|---|---|---|
| FY2025 | $2.2B | $6.7B |
| FY2024 | $-11.8B | $4.8B |
| FY2023 | $-2.2B | $3.2B |
| FY2022 | $-4.9B | $5.2B |
| FY2021 | $-4.2B | $3.9B |
| FY2020 | $-11.9B | $-3.5B |
| FY2019 | $-636.0M | $5.5B |
| FY2018 | $10.5B | $5.3B |
| FY2017 | $8.5B | $4.6B |
| FY2016 | $5.0B | $5.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$860,000,000 | BA |
| FY2024 | −$14,221,000,000 | RTX |
| FY2023 | +$8,874,000,000 | BA |
| FY2022 | −$466,000,000 | RTX |
| FY2021 | −$2,102,000,000 | RTX |
| FY2020 | +$1,571,000,000 | BA |
| FY2019 | +$31,210,000,000 | BA |
| FY2018 | +$66,426,000,000 | BA |
| FY2017 | +$34,168,000,000 | BA |
| FY2016 | +$36,252,000,000 | BA |
| FY2015 | +$40,016,000,000 | BA |
| FY2014 | +$32,862,000,000 | BA |
| FY2013 | +$30,023,000,000 | BA |
| FY2012 | +$23,990,000,000 | BA |
| FY2011 | +$12,981,000,000 | BA |
| FY2010 | +$12,031,000,000 | BA |
| FY2009 | +$15,856,000,000 | BA |
| FY2008 | +$1,790,000,000 | BA |
| FY2007 | +$10,671,000,000 | BA |
The higher-revenue side has changed between BA and RTX over this period. 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 | RTX |
| FY2024 | −24.0 pp | RTX |
| FY2023 | −7.8 pp | RTX |
| FY2022 | −15.5 pp | RTX |
| FY2021 | −13.3 pp | RTX |
| FY2020 | −14.7 pp | RTX |
| FY2019 | −13.9 pp | RTX |
| FY2018 | −6.0 pp | RTX |
| FY2017 | +0.8 pp | BA |
| FY2016 | −4.1 pp | RTX |
| FY2015 | −8.8 pp | RTX |
| FY2014 | −5.4 pp | RTX |
| FY2013 | −5.5 pp | RTX |
| FY2012 | −4.7 pp | RTX |
| FY2011 | −3.8 pp | RTX |
| FY2010 | −3.9 pp | RTX |
| FY2009 | −6.0 pp | RTX |
| FY2008 | −4.2 pp | RTX |
| FY2007 | −2.0 pp | RTX |
The higher net margin has changed hands between BA and RTX 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 RTX's over the 19 comparable fiscal years — 8.3 percentage points of standard deviation against 4.4.
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 RTX over these 19 fiscal years — BA led in 1 and RTX in 18.
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 RTX's over the 8 comparable fiscal years — 199.0 percentage points of standard deviation against 2.8.
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.