THE BOEING COMPANY
BA · scored from FY2025 filings · None moat
Doesn't clear the bar
The four filters
Pricing power0
Median gross margin 5.6% over 10y, variable.
Returns on capital0
Median ROIC -10.6%, above the 9% hurdle in 0% of years.
Balance-sheet safety0
Net debt/EBITDA 6.9x, interest coverage 2x.
Capital discipline20
Owner earnings -8.6%/yr, share count flat.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- —
- Est. intrinsic value / share
- —
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.