The Boeing Company (BA)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,724,000 | 6,863,000 | 4,883,000 | 5,072,000 | 3,502,000 | -848,000 | 1,679,000 | 1,961,000 | 3,017,000 | -157,000 | -835,000 | -4,416,000 | -5,685,000 | -794,000 | 1,222,000 | 334,000 | 4,466,000 | 11,514,000 | 12,570,000 | 19,351,000 |
| Revenue (ttm) | US$ in thousands | 77,794,000 | 75,756,000 | 73,608,000 | 70,538,000 | 66,608,000 | 61,421,000 | 60,743,000 | 61,060,000 | 62,286,000 | 62,797,000 | 61,658,000 | 56,467,000 | 58,158,000 | 60,765,000 | 66,606,000 | 70,550,000 | 76,559,000 | 86,989,000 | 92,155,000 | 100,662,000 |
| Gross profit margin | 9.93% | 9.06% | 6.63% | 7.19% | 5.26% | -1.38% | 2.76% | 3.21% | 4.84% | -0.25% | -1.35% | -7.82% | -9.78% | -1.31% | 1.83% | 0.47% | 5.83% | 13.24% | 13.64% | 19.22% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,724,000K ÷ $77,794,000K
= 9.93%
Boeing Co.'s gross profit margin has experienced fluctuations over the past eight quarters. The margin improved from -1.37% in September 2022 to 9.93% in December 2023. This improvement indicates that the company's ability to generate profit from its core business activities has strengthened. However, it is noteworthy that the gross profit margin dipped to 5.30% in December 2022 before the significant increase in the following quarter. The company may need to closely monitor and manage its cost of goods sold to ensure sustainable and consistent improvements in its gross profit margin.
Peer comparison
Dec 31, 2023