The Boeing Company (BA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -12,198,000 | -1,985,000 | -4,904,000 | -4,945,000 | -14,408,000 |
| Revenue | US$ in thousands | 66,517,000 | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 |
| Pretax margin | -18.34% | -2.55% | -7.36% | -7.94% | -24.77% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-12,198,000K ÷ $66,517,000K
= -18.34%
The pretax margin of The Boeing Company, a key financial metric indicating the company's efficiency in generating profits before accounting for taxes, displayed varying trends over the five-year period from December 31, 2020, to December 31, 2024.
Initially, in December 2020, the pretax margin was notably negative at -24.77%, indicating that the company was incurring substantial operating expenses relative to its revenue before tax considerations. However, there was a gradual improvement in the pretax margin performance over the subsequent years.
By December 2021, the pretax margin improved to -7.94%, suggesting that Boeing made progress in controlling its costs and enhancing its operational efficiency. This trend continued into December 2022, where the pretax margin further decreased to -7.36%, reflecting ongoing efforts to streamline operations and boost profitability.
The positive trajectory persisted in December 2023, with the pretax margin reaching -2.55%, indicating a significant recovery in profitability compared to previous years. Nevertheless, there was a slight setback in December 2024, as the pretax margin declined to -18.34%, potentially indicating challenges or expenses that impacted the company's profitability in that period.
Overall, The Boeing Company demonstrated a mixed performance in its pretax margin over the five-year period, with signs of improvement in controlling costs and enhancing operational efficiency, albeit with some fluctuations in profitability along the way.
Peer comparison
Dec 31, 2024