Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $58,158 | $62,286 | $66,608 | $77,794 | $66,517 |
| Gross Profit | -$5,685 | $3,017 | $3,502 | $7,724 | -$1,991 |
| Operating Income | -$12,767 | -$2,902 | -$3,547 | -$773 | -$10,707 |
| Net Income | -$11,873 | -$4,202 | -$4,935 | -$2,222 | -$11,817 |
Over the five years analyzed, Boeing’s revenue showed an overall upward trend from USD 58.2 billion in 2020 to a peak of USD 77.8 billion in 2023, before declining to USD 66.5 billion in 2024. The company’s gross profit, initially negative in 2020 (–USD 5.7 billion), turned positive in 2021 (USD 3.0 billion) and remained positive through 2023, reaching USD 7.7 billion, which suggests an improvement in production efficiency or cost management during that period. However, the steep decline to a negative gross profit of –USD 2.0 billion in 2024 indicates a significant deterioration in product margins, possibly due to rising production costs, pricing pressures, or disruptions in the supply chain. Operating income followed a similar pattern: a deep loss of –USD 12.8 billion in 2020 improved to –USD 2.9 billion in 2021 and –USD 3.5 billion in 2022, reaching near break-even at –USD 773 million in 2023 before an alarming drop to –USD 10.7 billion in 2024—a swing far exceeding a 20% change. Net income also reflected these fluctuations, improving from –USD 11.9 billion in 2020 to –USD 4.2 billion in 2021 and –USD 4.9 billion in 2022 before a notable decrease to –USD 2.2 billion in 2023 and then worsening again to –USD 11.8 billion in 2024. The marked volatility, particularly in 2024, raises concerns about operational sustainability and suggests that inherent cyclical challenges in the aerospace and defense industry—such as production hiccups, regulatory changes, or shifts in demand—may have exerted significant downward pressure on performance. Overall, while there was notable recovery post-2020, the sharp reversal in 2024 calls for a cautious outlook as Boeing struggles to stabilize margins in a competitive and complex industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.