The Boeing Company (BA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -1,991,000 | 7,724,000 | 3,530,000 | 3,017,000 | -5,685,000 |
| Revenue | US$ in thousands | 66,517,000 | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 |
| Gross profit margin | -2.99% | 9.93% | 5.30% | 4.84% | -9.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-1,991,000K ÷ $66,517,000K
= -2.99%
The gross profit margin of The Boeing Company has shown fluctuations over the years based on the data provided.
In December 31, 2020, the gross profit margin was reported at -9.78%, indicating that the company's cost of goods sold exceeded its revenue, resulting in a negative margin.
By December 31, 2021, there was an improvement as the gross profit margin increased to 4.84%, signaling a better ability to generate profit from its core operations.
The trend continued positively in December 31, 2022, when the gross profit margin rose further to 5.30%, suggesting an enhanced efficiency in managing production costs relative to revenue.
By December 31, 2023, The Boeing Company experienced a significant improvement with a gross profit margin of 9.93%, indicating a strengthened ability to maximize profits from its sales.
However, by December 31, 2024, there was a slight decline as the gross profit margin dropped to -2.99%, possibly attributed to increased production costs or pricing pressures.
Overall, The Boeing Company's gross profit margin trend displays variability, highlighting the importance of monitoring and managing operational efficiencies to maintain profitability levels.
Peer comparison
Dec 31, 2024