Boeing: Contracted Revenue

Metric

Order backlog · Whole company

Contracted balance

$715B

Denominator

Full year 2025 revenue of $89.5bn, plus first half 2026 revenue of $46.8bn ($22.2bn and $24.6bn), less first half 2025 revenue of $42.25bn. The 2025 half-year figure is derived from the reported year over year growth rates of 14% and 8% on those quarters.

Coverage

7.60x (scopes match)

Duration

Boeing publishes no duration, but the unit count gives one: over 6,200 commercial aircraft in backlog against 171 delivered in the quarter is roughly nine years of production at the current rate. That is the closest thing to a duration disclosure in this table, and it comes from dividing two numbers Boeing does publish.

Notes

The reason this dataset is not an AI dataset. Boeing carries a record $715bn backlog, $597bn of it commercial aircraft, on $94bn of trailing revenue: 7.6x coverage, wider than Amazon's cloud backlog and not far off Alphabet's. Nobody calls it a bubble, because everyone already understands that an aircraft backlog converts over a decade and that the constraint is production, not demand. That is the correct frame for reading every other row here. The backlog stood at roughly $695bn at the end of Q1 2026.

Sources: company filing or release · company filing or release