The Boeing Company (BA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -773,000 | -3,519,000 | -2,902,000 | -12,767,000 | -1,975,000 |
| Revenue | US$ in thousands | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 | 76,559,000 |
| Operating profit margin | -0.99% | -5.28% | -4.66% | -21.95% | -2.58% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-773,000K ÷ $77,794,000K
= -0.99%
Boeing Co.'s operating profit margin has fluctuated over the past five years. In 2019, the operating profit margin stood at -3.48%, followed by a significant decrease to -22.32% in 2020. This sharp decline likely indicates a substantial decrease in operating profits relative to revenue for that year. However, there was a slight improvement in 2021, as the operating profit margin decreased to -5.44%, before further decreasing to -5.31% in 2022. The most recent data for 2023 shows an improvement, but the operating profit margin remains negative at -1.06%. Overall, the company has struggled to generate positive operating profits relative to its revenue in recent years, reflecting potential challenges in managing operating expenses or achieving desired levels of sales.
Peer comparison
Dec 31, 2023