The Boeing Company (BA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -1,991,000 | 2,295,000 | 6,967,000 | 7,677,000 | 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 |
| Revenue (ttm) | US$ in thousands | 66,517,000 | 73,293,000 | 73,557,000 | 76,442,000 | 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 |
| Gross profit margin | -2.99% | 3.13% | 9.47% | 10.04% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-1,991,000K ÷ $66,517,000K
= -2.99%
The gross profit margin of The Boeing Company has shown fluctuations over the periods presented. In the first quarter of 2020, the gross profit margin was 0.47%, indicating a relatively low profitability on each dollar of sales after accounting for the cost of goods sold. The margin improved in the following quarters, reaching a high of 10.04% in the first quarter of 2024.
However, the company experienced negative margins in several quarters, such as in the last quarter of 2020 and the third quarter of 2021. These negative margins suggest that the company's cost of goods sold exceeded its revenue generated, impacting overall profitability.
Overall, the trend in the gross profit margin shows volatility but seems to have improved in recent quarters, with the margin reaching 9.93% in the last quarter of 2023 and 10.04% in the first quarter of 2024. This suggests that the company may have implemented cost-saving measures or increased efficiency in its operations to improve profitability.
Peer comparison
Dec 31, 2024