The Boeing Company (BA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,222,000 | -4,935,000 | -4,202,000 | -11,873,000 | -636,000 |
| Revenue | US$ in thousands | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 | 76,559,000 |
| Net profit margin | -2.86% | -7.41% | -6.75% | -20.42% | -0.83% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-2,222,000K ÷ $77,794,000K
= -2.86%
The net profit margin of Boeing Co. has shown fluctuations over the past five years. In 2019, the net profit margin was a positive 0.83%. However, it decreased significantly in 2020 to a low of -20.42%, indicating a substantial decline in profitability. In the subsequent years, the net profit margin improved but remained negative, with values of -6.75% in 2021, -7.41% in 2022, and -2.86% in 2023. These negative margins suggest that Boeing Co. experienced challenges in generating profits relative to its revenue during these years. It is essential for the company to address the factors underlying these fluctuations in order to improve its profitability and maintain financial stability.
Peer comparison
Dec 31, 2023