The Boeing Company (BA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,985,000 | -4,904,000 | -4,945,000 | -14,408,000 | -2,259,000 |
| Revenue | US$ in thousands | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 | 76,559,000 |
| Pretax margin | -2.55% | -7.36% | -7.94% | -24.77% | -2.95% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,985,000K ÷ $77,794,000K
= -2.55%
Boeing Co.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin improved to -2.58% from -7.54% in 2022, but remained negative. The company experienced a significant improvement compared to 2020, when the pretax margin was at -24.89%. However, it was still lower than the -2.95% recorded in 2019. This indicates that the company's ability to generate profits before accounting for taxes has been volatile. Further analysis of the company's cost structure and revenue generation may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023