The Boeing Company (BA) Q4 2024 Earnings Report

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The Boeing Company

$201.89 0.01%

Exchange: NYSE | Sector: Industrials | Industry: Aerospace Defense

Q4 2024

Published: Feb 3, 2025

Earnings Highlights

Revenue of $15.24B down 30.8% year-over-year
EPS of $-5.45 decreased by 13% from previous year
Gross margin of -10.4%
Net income of -3.87B
"We took time to rebalance the production line, so that when we started up, we did so with a healthy production system. - Kelly Ortberg" - Kelly Ortberg

The Boeing Company

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

In Q4 2024, The Boeing Company reported a revenue of $15.24 billion, down 31% year-over-year, primarily due to lower commercial deliveries influenced by the IAM work stoppage. The company faced a significant net loss of $3.87 billion, resulting in an EPS of -$5.45. Despite these setbacks, Boeing's focus on improving operational stability and supply chain readiness has shown promising trends, particularly in ramping production for the 737 MAX. CEO Kelly Ortberg emphasized the importance of adherence to safety management systems and production KPIs as critical to future success. The company is poised for improvement in 2025, especially as it exits shadow production facilities which have negatively impacted margins.

Key Performance Indicators

Revenue

Decreasing

15.24B

QoQ: -14.56% | YoY: -30.77%

Gross Profit

Decreasing

-1.59B

-10.43% margin

QoQ: 54.69% | YoY: -158.92%

Operating Income

Decreasing

-3.77B

QoQ: 34.56% | YoY: -1 432.16%

Net Income

Decreasing

-3.87B

QoQ: 37.36% | YoY: -16 704.35%

EPS

Decreasing

-5.45

QoQ: 45.34% | YoY: -13 525.00%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Performance
- Q4 2024 Revenue: $15.24 billion, down 31% YoY.
- Q4 2024 Net Income: -$3.87 billion ($-5.45 EPS), a drastic decline due to production challenges and project charges.

### Profitability Ratios
- Gross Profit Margin: -10.42% reflecting ongoing cost pressures.
- Operating Income Margin: -24.73%, indicating significant operational challenges.

### Balance Sheet Health
- Cash and Equivalents: $13.80 billion, reflecting an increase from previous period
- Total Debt: $53.9 billion, down $3.8 billion due to proactive debt management including early bond repayment.
- Equity: -$3.91 billion, indicating ongoing struggles in maintaining positive equity.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	15.24B	-30.77%	-14.56%
Gross Profit	-1.59B	-158.92%	54.69%
Operating Income	-3.77B	-1 432.16%	34.56%
Net Income	-3.87B	-16 704.35%	37.36%
EPS	-5.45	-13 525.00%	45.34%

Key Financial Ratios

Gross Profit Margin

Weak

-0.10%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.25%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.25%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Strong

98.90%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Adequate

1.32

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

-13.87

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-8.22x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

-32.52x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	19,496.00	-0.16	+17.7%	View
Q4 2024	15,242.00	-5.45	-30.8%	View
Q3 2024	17,840.00	-9.97	-1.5%	View
Q2 2024	16,866.00	-2.33	-14.6%	View
Q1 2024	16,569.00	-0.56	-7.5%	View

The Boeing Company (BA) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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