Boeing Posts Q4 Profit Driven by Revenue Growth and Major Asset Sale

Boeing Co. reported a fourth-quarter 2025 profit, with revenue rising 57% to $23.9 billion on stronger commercial airplane deliveries and a major asset sale, while its order backlog reached a record $682 billion13. GAAP earnings per share came in at $10.23, supported by a $9.6 billion gain from selling its Digital Aviation Solutions unit.
Financial Results
Boeing's Q4 revenue totaled $23.95 billion, surpassing analyst expectations of $22.39 billion and marking a 57.1% increase from the prior year38. The figure reflected 160 commercial airplane deliveries and improved operations across segments. GAAP earnings per share of $10.23 were driven primarily by the $9.6 billion after-tax gain from the Digital Aviation Solutions sale. Operating cash flow stood at $1.3 billion, contributing to positive free cash flow that exceeded forecasts. Order Backlog and Deliveries
The company's total backlog grew to a record $682 billion at quarter-end, including more than 6,100 commercial airplanes.
Boeing delivered 160 commercial airplanes in the quarter and recorded strong net orders, underscoring sustained demand. CEO Kelly Ortberg noted progress in recovery efforts, including the completed acquisition of Spirit AeroSystems, as foundational for future stability. Operational Highlights
Improvements in commercial operations supported the revenue increase, with Ortberg emphasizing steps toward long-term stability. The Spirit AeroSystems deal closed during the quarter, integrating key supply chain capabilities
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. Despite the profit, some reports noted weakening margins and cash flow trends in certain areas.
One-Time Gains vs Core Recovery Metrics
Boeing's Q4 profit marks a significant turnaround from prior losses, largely attributable to the one-time $9.6 billion gain from the Digital Aviation Solutions sale, which masked underlying operational challenges. Revenue growth of 57% to $23.9 billion
stemmed from higher deliveries and efficiencies, yet core margins remained pressured as indicated by reports of weakening in non-GAAP measures. The record $682 billion backlogsignals robust demand, particularly in commercial aviation with over 6,100 airplanes queued, providing a buffer against short-term volatility. The Spirit AeroSystems acquisition stands out as a strategic move to secure supply chain control amid past production disruptions. This integration, combined with 160 deliveries, demonstrates tangible recovery momentum under new leadership. However, the reliance on asset sales for profitability highlights the need for sustained core earnings growth to rebuild investor confidence.