Boeing’s latest financials show that the company’s commercial airplane business continues to be a long way away from its pre-2019 performance. Although Airbus will not report full 2025 financials for a few weeks, preliminary data indicates that 2025 was again a strong year. This article presents a comparative analysis of the commercial aircraft businesses of both companies between over the last 26 years, including key revenue and cost metrics, and the factors that will determine future performance.