The Boeing Company (BA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -12,198,000 | -8,103,000 | -2,981,000 | -1,866,000 | -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 |
| 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 |
| Pretax margin | -18.34% | -11.06% | -4.05% | -2.44% | -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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-12,198,000K ÷ $66,517,000K
= -18.34%
The pretax margin of The Boeing Company has seen fluctuations over the past several quarters, starting at negative levels in March 2020 and gradually improving towards a less negative territory until September 2023. Despite this improvement, the company's pretax margin deteriorated again in the following quarters, reaching negative levels once more by the end of December 2024. This erratic trend indicates ongoing challenges in managing costs and generating profits before taxes. Further analysis of the company's operational efficiency and cost structure may be warranted to address the negative trend in pretax margin and improve overall profitability.
Peer comparison
Dec 31, 2024