Airbus Leaves Boeing in Dust as Financials Tell a Grim Story

Boeing and Airbus are two of the largest players in the aerospace industry. However, their financials paint a stark contrast between the two companies.

Airbus has consistently delivered profitability through every cycle, with $6.13B net income in 2025 and a 7.1% net margin. In comparison, Boeing just emerged from a prolonged loss streak, with -$11.88B in 2024 and only swinging to a thin $1.89B profit in 2025.

The disparity between the two companies is notable. Airbus earned more in one year ($6.13B) than Boeing earned cumulatively over the past five years after accounting for losses.

Airbus' valuation multiples are significantly lower, with a P/E of 27.3x and a price-to-book ratio of 6.3x. In contrast, Boeing's P/E is an alarming 79.3x, while its forward losses make these ratios meaningless.