Boeing Co. (BA)

Profitability ratios measure the company's ability to generate profitable sales from its resources (assets).

Boeing Co., profitability ratios

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Boeing Co.'s gross profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Boeing Co.'s operating profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Boeing Co.'s net profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

Ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	Boeing Co.'s ROE improved from 2015 to 2016 and from 2016 to 2017.
ROA	A profitability ratio calculated as net income divided by total assets.	Boeing Co.'s ROA deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

Boeing Co., gross profit margin calculation

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Gross profit
	Revenues
	Ratio
	Gross profit margin¹
	Benchmarks
	Gross Profit Margin, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.

2017 Calculations

¹ Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × hidden ÷ hidden = hidden

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Boeing Co.'s gross profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

Boeing Co., operating profit margin calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Earnings from operations
	Revenues
	Ratio
	Operating profit margin¹
	Benchmarks
	Operating Profit Margin, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	Operating Profit Margin, Sector
	Aerospace & Defense
	Operating Profit Margin, Industry
	Industrials

2017 Calculations

¹ Operating profit margin = 100 × Earnings from operations ÷ Revenues
= 100 × hidden ÷ hidden = hidden

Ratio	Description	The company
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Boeing Co.'s operating profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

Boeing Co., net profit margin calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net earnings related to parent
	Revenues
	Ratio
	Net profit margin¹
	Benchmarks
	Net Profit Margin, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	Net Profit Margin, Sector
	Aerospace & Defense
	Net Profit Margin, Industry
	Industrials

2017 Calculations

¹ Net profit margin = 100 × Net earnings related to parent ÷ Revenues
= 100 × hidden ÷ hidden = hidden

Ratio	Description	The company
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Boeing Co.'s net profit margin deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

Boeing Co., ROE calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net earnings related to parent
	Shareholders’ equity
	Ratio
	ROE¹
	Benchmarks
	ROE, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	ROE, Sector
	Aerospace & Defense
	ROE, Industry
	Industrials

2017 Calculations

¹ ROE = 100 × Net earnings related to parent ÷ Shareholders’ equity
= 100 × hidden ÷ hidden = hidden

Ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	Boeing Co.'s ROE improved from 2015 to 2016 and from 2016 to 2017.

Boeing Co., ROA calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net earnings related to parent
	Total assets
	Ratio
	ROA¹
	Benchmarks
	ROA, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	ROA, Sector
	Aerospace & Defense
	ROA, Industry
	Industrials

2017 Calculations

¹ ROA = 100 × Net earnings related to parent ÷ Total assets
= 100 × hidden ÷ hidden = hidden

Ratio	Description	The company
ROA	A profitability ratio calculated as net income divided by total assets.	Boeing Co.'s ROA deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

	Boeing Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Profitability Analysis