The Boeing Company (BA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -10,707,000 | -6,654,000 | -1,701,000 | -710,000 | -773,000 | -1,429,000 | -3,413,000 | -2,534,000 | -3,547,000 | -7,345,000 | -4,224,000 | -3,981,000 | -2,902,000 | -6,780,000 | -7,510,000 | -11,497,000 | -12,767,000 | -6,922,000 | -5,262,000 | -5,678,000 |
| 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 |
| Operating profit margin | -16.10% | -9.08% | -2.31% | -0.93% | -0.99% | -1.89% | -4.64% | -3.59% | -5.33% | -11.96% | -6.95% | -6.52% | -4.66% | -10.80% | -12.18% | -20.36% | -21.95% | -11.39% | -7.90% | -8.05% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-10,707,000K ÷ $66,517,000K
= -16.10%
The operating profit margin of The Boeing Company has shown fluctuations over the analyzed periods. It started with negative margins in the range of -8% to -11% in the first three quarters of 2020 and deteriorated further in the fourth quarter of 2020, reaching -21.95%. The margin improved somewhat in the first half of 2021, but still remained negative.
However, there was a significant improvement in the latter half of 2021, with the margin decreasing to -4.66% by the end of December 2021. This positive trend continued into 2022, with margins in the range of -3.59% to -6.95%.
In the later quarters of 2022 and 2023, the operating profit margin fluctuated but generally remained negative, hovering around -1.89% to -11.96%. Notably, there was a slight recovery towards the end of 2023, with the margin improving to -0.99% by December 31, 2023.
Subsequently, in 2024, the operating profit margin once again became volatile, with margins ranging from -0.93% to -16.10%. This indicates the company continues to face challenges in maintaining consistent profitability in its operations.
Overall, the analysis shows that The Boeing Company has experienced fluctuations in its operating profit margin, reflecting challenges in managing costs and generating profits in a competitive industry landscape.
Peer comparison
Dec 31, 2024