Boeing Company (The) — Earnings Quality Grade F
BA · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 11 days, change -4 days YoY
AR growth 2.1% vs revenue growth 34.5%
Revenue 34.5%, CFFO 108.8%. Cash follows revenue
Expense Quality
Inventory -3.3% vs COGS 24.3%. Normal
CapEx growth 27.3% vs revenue 34.5%. Normal
SG&A/Gross Profit = 142.0%, exceeds 70%
Gross margin swung +7.8pp (-3.0% → 4.8%)
Cash Flow Quality
CFFO/NI = 0.48. Only 48% of profit backed by cash
FCF is negative ($-1.9B)
Accruals ratio = 0.7%. Low accruals
Cash $29.4B covers 54% of debt $54.4B
Balance Sheet Health
Goodwill+Intangibles $18.8B = 345% of equity. Over 50%
Debt/EBITDA = 7.4x (>4x). Interest coverage = -2.0x (<2x). Financial stress
Other assets -22.8% vs revenue 34.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 88% YoY
Manipulation Score
M-Score = -3.02 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08