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Boeing has released its fourth-quarter (4Q25) financial results for 2025. The company recorded a revenue of $23.9 billion for the quarter, finishing the year with $89.5 billion in revenue.
The company's operating cash flow and free cash flow in 4Q25 grew to $1.3 billion and $0.4 billion, respectively. It reported that all three aircraft segments have reached record levels of orders, with 1,173 Commercial Airplanes orders for the whole year and a backlog of $682 billion.
"We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead," said Kelly Ortberg, Boeing president and chief executive officer. "We completed the acquisition of Spirit AeroSystems and the sale of portions of the Digital Aviation Solutions business and remain focused on promoting stable operations, completing our development programs, rebuilding trust with our stakeholders, and fully restoring Boeing to the iconic company we all know it can be."
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Commercial Airplanes booked 336 net orders in the fourth quarter, including 105 737-10s, 5 787-9s and 65 777-9s. A total of 160 commercial aircraft were delivered, with a backlog of over 6,100 aircraft. During 4Q25, Boeing's 737 program increased production to 42 per month and its 787 program began to transition to produce 8 per month. The FAA gave approval for Boeing to begin the final phase of 737-10 certification flight testing and the 777X program began the Type Inspection Authorization 3 phase of 777-9 certification flight testing.
The Defense, Space andamp; Security segment had a revenue of $7.4 billion but an operating margin of -6.8%. It has a backlog of $85 billion, 26% of those orders being from customers outside the U.S.