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Boeing vs Joby Aviation: revenue, profit, margins and growth compared

Boeing brought in $89.5B of revenue in fiscal 2025, Joby Aviation $53.4M in fiscal 2025. Revenue changed by +34.5% at Boeing and +39,183.1% at Joby Aviation on the year before, so Joby Aviation grew faster. Boeing kept 2.5% of its revenue as net profit, Joby Aviation -1,740.5%. Free cash flow was -$1.9B at Boeing and -$563.8M at Joby Aviation.

Side by side, latest fiscal year

BAJOBY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$89.5B$53.4M
Revenue growth+34.5%+39,183.1%
Net income$2.2B-$929.8M
Net margin2.5%-1,740.5%
Free cash flow-$1.9B-$563.8M
Free cash flow margin-2.1%-1,055.3%
Earnings per share (diluted)$2.48-$1.13
Cash$10.9B$240.8M
Debt$53.8B$0
Price to earnings79.9n/a
Market value$156.5B$6.3B
Dividend yieldn/an/a
Rank by revenue in sector#4 of 451 · Industrials#403 of 451 · Industrials

Over the years

Revenue
BA FY2018: $101.1BBA FY2019: $76.6BBA FY2020: $58.2BBA FY2021: $62.3BBA FY2022: $66.6BBA FY2023: $77.8BBA FY2024: $66.5BBA FY2025: $89.5BJOBY FY2021: $0JOBY FY2022: $0JOBY FY2023: $1MJOBY FY2024: $136KJOBY FY2025: $53.4MFY18FY19FY20FY21FY22FY23FY24FY25
BA $89.5BJOBY $53.4M
Net income
BA FY2018: $10.5BBA FY2019: -$636MBA FY2020: -$11.9BBA FY2021: -$4.2BBA FY2022: -$4.9BBA FY2023: -$2.2BBA FY2024: -$11.8BBA FY2025: $2.2BJOBY FY2020: -$114.2MJOBY FY2021: -$180.3MJOBY FY2022: -$258MJOBY FY2023: -$513.1MJOBY FY2024: -$608MJOBY FY2025: -$929.8MFY18FY19FY20FY21FY22FY23FY24FY25
BA $2.2BJOBY -$929.8M
Net margin
BA FY2018: 10.3%BA FY2019: -0.8%BA FY2020: -20.4%BA FY2021: -6.7%BA FY2022: -7.4%BA FY2023: -2.9%BA FY2024: -17.8%BA FY2025: 2.5%JOBY FY2023: -49,714.1%JOBY FY2024: -447,083.8%JOBY FY2025: -1,740.5%FY18FY19FY20FY21FY22FY23FY24FY25
BA 2.5%JOBY -1,740.5%
Revenue growth
BA FY2019: -24.3%BA FY2020: -24.0%BA FY2021: +7.1%BA FY2022: +6.9%BA FY2023: +16.8%BA FY2024: -14.5%BA FY2025: +34.5%JOBY FY2024: -86.8%JOBY FY2025: +39,183.1%FY19FY20FY21FY22FY23FY24FY25
BA +34.5%JOBY +39,183.1%
Free cash flow
BA FY2018: $13.6BBA FY2019: -$4.3BBA FY2020: -$19.7BBA FY2021: -$4.4BBA FY2022: $2.3BBA FY2023: $4.4BBA FY2024: -$14.3BBA FY2025: -$1.9BJOBY FY2020: -$129.6MJOBY FY2021: -$228.1MJOBY FY2022: -$290.8MJOBY FY2023: -$344.4MJOBY FY2024: -$476.9MJOBY FY2025: -$563.8MFY18FY19FY20FY21FY22FY23FY24FY25
BA -$1.9BJOBY -$563.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Boeing and Joby Aviation

Which is bigger by revenue, Boeing or Joby Aviation?

Boeing is bigger by revenue: $89.5B in fiscal 2025, against $53.4M for Joby Aviation in fiscal 2025.

Which keeps more of its revenue as profit, Boeing or Joby Aviation?

Boeing had a net margin of 2.5% in fiscal 2025; Joby Aviation had -1,740.5% in fiscal 2025.

Which grew revenue faster, Boeing or Joby Aviation?

In their latest fiscal years revenue changed by +34.5% at Boeing and +39,183.1% at Joby Aviation.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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