Boeing Co. operates in 3 segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); and Global Services (BGS).
Segment Profit Margin
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | -34.86% | -4.82% | -8.99% | -32.35% | -83.93% |
Defense, Space & Security (BDS) | -22.63% | -7.07% | -15.30% | 5.82% | 5.86% |
Global Services (BGS) | 18.13% | 17.40% | 15.48% | 12.35% | 2.90% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
Global Services (BGS) | Global Services (BGS) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Commercial Airplanes (BCA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | (7,969) | (1,635) | (2,341) | (6,377) | (13,784) |
Revenues | 22,861) | 33,901) | 26,026) | 19,714) | 16,423) |
Segment Profitability Ratio | |||||
Segment profit margin1 | -34.86% | -4.82% | -8.99% | -32.35% | -83.93% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating earnings (loss) ÷ Revenues
= 100 × -7,969 ÷ 22,861 = -34.86%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Profit Margin: Defense, Space & Security (BDS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | (5,413) | (1,764) | (3,544) | 1,544) | 1,539) |
Revenues | 23,918) | 24,933) | 23,162) | 26,540) | 26,257) |
Segment Profitability Ratio | |||||
Segment profit margin1 | -22.63% | -7.07% | -15.30% | 5.82% | 5.86% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating earnings (loss) ÷ Revenues
= 100 × -5,413 ÷ 23,918 = -22.63%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Profit Margin: Global Services (BGS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | 3,618) | 3,329) | 2,727) | 2,017) | 450) |
Revenues | 19,954) | 19,127) | 17,611) | 16,328) | 15,543) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 18.13% | 17.40% | 15.48% | 12.35% | 2.90% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating earnings (loss) ÷ Revenues
= 100 × 3,618 ÷ 19,954 = 18.13%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Global Services (BGS) | Global Services (BGS) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | -9.47% | -2.12% | -3.05% | -8.22% | -17.24% |
Defense, Space & Security (BDS) | -35.26% | -11.82% | -24.57% | 10.31% | 10.80% |
Global Services (BGS) | 21.66% | 20.56% | 16.89% | 12.30% | 2.59% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
Global Services (BGS) | Global Services (BGS) segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Commercial Airplanes (BCA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | (7,969) | (1,635) | (2,341) | (6,377) | (13,784) |
Assets | 84,177) | 77,047) | 76,825) | 77,598) | 79,951) |
Segment Profitability Ratio | |||||
Segment ROA1 | -9.47% | -2.12% | -3.05% | -8.22% | -17.24% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating earnings (loss) ÷ Assets
= 100 × -7,969 ÷ 84,177 = -9.47%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: Defense, Space & Security (BDS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | (5,413) | (1,764) | (3,544) | 1,544) | 1,539) |
Assets | 15,350) | 14,921) | 14,426) | 14,974) | 14,256) |
Segment Profitability Ratio | |||||
Segment ROA1 | -35.26% | -11.82% | -24.57% | 10.31% | 10.80% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating earnings (loss) ÷ Assets
= 100 × -5,413 ÷ 15,350 = -35.26%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: Global Services (BGS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment operating earnings (loss) | 3,618) | 3,329) | 2,727) | 2,017) | 450) |
Assets | 16,704) | 16,193) | 16,149) | 16,397) | 17,399) |
Segment Profitability Ratio | |||||
Segment ROA1 | 21.66% | 20.56% | 16.89% | 12.30% | 2.59% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating earnings (loss) ÷ Assets
= 100 × 3,618 ÷ 16,704 = 21.66%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Global Services (BGS) | Global Services (BGS) segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 0.27 | 0.44 | 0.34 | 0.25 | 0.21 |
Defense, Space & Security (BDS) | 1.56 | 1.67 | 1.61 | 1.77 | 1.84 |
Global Services (BGS) | 1.19 | 1.18 | 1.09 | 1.00 | 0.89 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
Global Services (BGS) | Global Services (BGS) segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Commercial Airplanes (BCA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 22,861) | 33,901) | 26,026) | 19,714) | 16,423) |
Assets | 84,177) | 77,047) | 76,825) | 77,598) | 79,951) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 0.27 | 0.44 | 0.34 | 0.25 | 0.21 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 22,861 ÷ 84,177 = 0.27
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Asset Turnover: Defense, Space & Security (BDS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 23,918) | 24,933) | 23,162) | 26,540) | 26,257) |
Assets | 15,350) | 14,921) | 14,426) | 14,974) | 14,256) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 1.56 | 1.67 | 1.61 | 1.77 | 1.84 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 23,918 ÷ 15,350 = 1.56
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Asset Turnover: Global Services (BGS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 19,954) | 19,127) | 17,611) | 16,328) | 15,543) |
Assets | 16,704) | 16,193) | 16,149) | 16,397) | 17,399) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 1.19 | 1.18 | 1.09 | 1.00 | 0.89 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 19,954 ÷ 16,704 = 1.19
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Global Services (BGS) | Global Services (BGS) segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 1.27 | 0.91 | 0.39 | 0.30 | 0.52 |
Defense, Space & Security (BDS) | 1.42 | 0.88 | 0.85 | 0.85 | 0.69 |
Global Services (BGS) | 0.70 | 0.40 | 0.38 | 0.23 | 0.31 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
Global Services (BGS) | Global Services (BGS) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Commercial Airplanes (BCA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures | 508) | 420) | 218) | 177) | 322) |
Depreciation and amortization | 400) | 464) | 554) | 594) | 625) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 1.27 | 0.91 | 0.39 | 0.30 | 0.52 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 508 ÷ 400 = 1.27
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Commercial Airplanes (BCA) | Commercial Airplanes (BCA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Defense, Space & Security (BDS)
Boeing Co.; Defense, Space & Security (BDS); segment capital expenditures to depreciation calculation
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures | 296) | 192) | 202) | 199) | 172) |
Depreciation and amortization | 209) | 219) | 238) | 233) | 251) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 1.42 | 0.88 | 0.85 | 0.85 | 0.69 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 296 ÷ 209 = 1.42
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Defense, Space & Security (BDS) | Defense, Space & Security (BDS) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Global Services (BGS)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures | 212) | 127) | 130) | 94) | 127) |
Depreciation and amortization | 304) | 320) | 346) | 414) | 408) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 0.70 | 0.40 | 0.38 | 0.23 | 0.31 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 212 ÷ 304 = 0.70
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Global Services (BGS) | Global Services (BGS) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenues
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 22,861) | 33,901) | 26,026) | 19,714) | 16,423) |
Defense, Space & Security (BDS) | 23,918) | 24,933) | 23,162) | 26,540) | 26,257) |
Global Services (BGS) | 19,954) | 19,127) | 17,611) | 16,328) | 15,543) |
Unallocated items, eliminations and other | (216) | (167) | (191) | (296) | (65) |
Total | 66,517) | 77,794) | 66,608) | 62,286) | 58,158) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Segment operating earnings (loss)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | (7,969) | (1,635) | (2,341) | (6,377) | (13,784) |
Defense, Space & Security (BDS) | (5,413) | (1,764) | (3,544) | 1,544) | 1,539) |
Global Services (BGS) | 3,618) | 3,329) | 2,727) | 2,017) | 450) |
Total | (9,764) | (70) | (3,158) | (2,816) | (11,795) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Assets
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 84,177) | 77,047) | 76,825) | 77,598) | 79,951) |
Defense, Space & Security (BDS) | 15,350) | 14,921) | 14,426) | 14,974) | 14,256) |
Global Services (BGS) | 16,704) | 16,193) | 16,149) | 16,397) | 17,399) |
Unallocated items, eliminations and other | 40,132) | 28,851) | 29,700) | 29,583) | 40,530) |
Total | 156,363) | 137,012) | 137,100) | 138,552) | 152,136) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Capital expenditures
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 508) | 420) | 218) | 177) | 322) |
Defense, Space & Security (BDS) | 296) | 192) | 202) | 199) | 172) |
Global Services (BGS) | 212) | 127) | 130) | 94) | 127) |
Unallocated items, eliminations and other | 1,214) | 788) | 672) | 510) | 682) |
Total | 2,230) | 1,527) | 1,222) | 980) | 1,303) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Depreciation and amortization
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
---|---|---|---|---|---|
Commercial Airplanes (BCA) | 400) | 464) | 554) | 594) | 625) |
Defense, Space & Security (BDS) | 209) | 219) | 238) | 233) | 251) |
Global Services (BGS) | 304) | 320) | 346) | 414) | 408) |
Unallocated items, eliminations and other | 923) | 858) | 841) | 903) | 962) |
Total | 1,836) | 1,861) | 1,979) | 2,144) | 2,246) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).