The Boeing Company (BA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,724,000 | 3,530,000 | 3,017,000 | -5,685,000 | 4,466,000 |
| Revenue | US$ in thousands | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 | 76,559,000 |
| Gross profit margin | 9.93% | 5.30% | 4.84% | -9.78% | 5.83% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,724,000K ÷ $77,794,000K
= 9.93%
The gross profit margin of Boeing Co. has varied significantly over the past five years. In 2023, the gross profit margin improved to 9.93%, representing a positive trend compared to the preceding year. This growth was a substantial improvement from the 5.30% margin in 2022 and 4.90% in 2021. However, it is important to note that in 2020, the company experienced a negative gross profit margin of -9.70%, indicating that the cost of goods sold exceeded the revenue generated from sales. This negative margin is concerning in the context of its impact on overall profitability. The 2019 gross profit margin of 5.91% shows a moderate improvement from the preceding year but was still lower than the most recent figure. These fluctuations suggest that Boeing Co. has experienced significant challenges in managing its production and cost of goods sold over the past five years, potentially influenced by factors such as operational inefficiencies or changes in market conditions.
Peer comparison
Dec 31, 2023