The Boeing Company Revenue in 2024

The Boeing Company reported $66.5B in revenue for fiscal year 2024. This represents a decline of 14.5% compared to the 2023 figure of $77.8B.

Boeing reported $66.5 billion in revenue for 2024 and a net loss of $11.8 billion. Those numbers exist together because the company's cost structure — built for a production rate far above what it currently delivers — generates losses at every volume level below roughly 38-40 aircraft per month on the 737 MAX line alone. The KC-46A Pegasus aerial refueling tanker program is the clearest illustration of how defense fixed-price contracts can detonate a balance sheet. Boeing won the contract in 2011 by underbidding Airbus. By 2024, cumulative pre-tax charges on the program exceeded $7 billion — more than the entire original contract value. The program is not finished. Revenue by year tells the story in compressed form: $62.3 billion in 2021, $66.6 billion in 2022, $77.8 billion in 2023, then $66.5 billion in 2024 as the door-plug accident triggered production caps and a 53-day machinists strike halted the Renton assembly line entirely. The $77.8 billion 2023 figure represents something close to normalized delivery rates; the drop back to $66.5 billion represents what happens when a manufacturer cannot build at the pace its backlog demands. The October 2024 equity offering raised $24 billion, shoring up liquidity but diluting existing shareholders substantially. The market capitalization sat near $120 billion — less than two times 2024 revenue for a company with a commercial backlog worth more than four times that figure. The gap between the backlog and the market cap contains the entire question of Boeing's recovery: can it rebuild production credibility fast enough to convert those binding orders into cash before the balance sheet forces further dilution?