The Boeing Company (BA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -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 | -1,975,000 | 4,404,000 | 5,372,000 | 11,462,000 |
| 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 |
| Operating profit margin | -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% | -2.58% | 5.06% | 5.83% | 11.39% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-773,000K ÷ $77,794,000K
= -0.99%
Boeing Co.'s operating profit margin, a measure of the company's operating efficiency and profitability, has varied over the last eight quarters. The operating profit margin was consistently negative, indicating that the company's operating expenses and costs were higher than its operating income. The margin fluctuated significantly, reaching a low of -11.96% in September 2022 and improving slightly to -1.06% in December 2023. This suggests that Boeing faced challenges in controlling its operating costs and generating sufficient operating income during this period. Further analysis of the company's cost structure and revenue generation would be necessary to understand the factors driving these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023