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Bombardier
Bombardier (BBD-B) investor relations material
Bombardier Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Achieved all 2025 turnaround and guidance targets, completing a five-year transformation and earning industry recognition, with revenues up 10% to $9.55 billion and 157 aircraft delivered.
Entered 2026 with strong momentum, a robust $17.5 billion backlog (up 22%), and a focus on growth, margin expansion, and sustainable cash generation.
Adjusted EBITDA rose 15% to $1.56 billion (16.3% margin), and free cash flow surged to $1.072 billion, nearly 5x higher than 2024.
Adjusted net income increased 47% to $805 million; reported net income reached $975 million.
Completed a record Q4 with 64 aircraft delivered and highest-ever quarterly margin.
Financial highlights
Revenue grew 10% year-over-year to $9.55 billion, surpassing guidance.
Adjusted EBITDA was $1.56 billion (16.3% margin), up 15% year-over-year.
Free cash flow reached $1.072 billion, up from $232 million in 2024.
Adjusted net income was $805 million; adjusted EPS was $7.72, up from $5.16.
Backlog increased 22% to $17.5 billion, with a book-to-bill ratio of 1.4.
Outlook and guidance
2026 revenue expected to exceed $10 billion, with aircraft deliveries above 157 units.
Adjusted EBITDA guidance set at greater than $1.625 billion, with margin improvement and partial supply chain cost recovery.
Free cash flow guidance for 2026 is $600 million–$1 billion; CapEx expected to rise to ~$300 million.
Continued focus on margin expansion, cash generation, and opportunistic M&A.
Explain 2026 FCF guidance variability
How do strategic investments impact 2026 EBITDA?
Outline path to 1.5x net debt to EBITDA ratio
What is the remaining supply chain cost headwind?
What triggers shareholder return decisions?
Revised defense business growth outlook?
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Next Bombardier earnings date
Q1 202630 Apr, 2026
Bombardier
Next Bombardier earnings date
Q1 202630 Apr, 2026
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Bombardier Inc. designs, manufactures, and services business aircraft. Its offerings include aircraft platforms, aftermarket services, and specialized solutions for corporate, government, and charter clients. The company is headquartered in Montreal, Canada, and its shares are listed on the TSX.
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