The Boeing Company (BA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,985,000 | -2,603,000 | -4,604,000 | -3,794,000 | -4,904,000 | -8,963,000 | -6,151,000 | -5,992,000 | -4,945,000 | -8,872,000 | -9,493,000 | -13,466,000 | -14,408,000 | -8,144,000 | -6,059,000 | -6,082,000 | -2,259,000 | 4,129,000 | 5,085,000 | 11,098,000 |
| 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 |
| Pretax margin | -2.55% | -3.44% | -6.25% | -5.38% | -7.36% | -14.59% | -10.13% | -9.81% | -7.94% | -14.13% | -15.40% | -23.85% | -24.77% | -13.40% | -9.10% | -8.62% | -2.95% | 4.75% | 5.52% | 11.03% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,985,000K ÷ $77,794,000K
= -2.55%
The pretax margin of Boeing Co. has shown fluctuations over the past eight quarters. In the most recent quarter, ending on December 31, 2023, the pretax margin was reported at -2.58%, indicating an improvement from the previous quarter. However, the trend over the past year has displayed a general decline, with the pretax margin reaching a low of -14.77% in the third quarter of 2022. This suggests that the company's profitability before taxes has been under pressure. Further investigation into the factors driving these changes is warranted to provide a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023