vs
Arcosa, Inc.（ACA）与波音（BA）财务数据对比。点击上方公司名可切换其他公司
波音的季度营收约是Arcosa, Inc.的31.0倍（$22.2B vs $716.7M）。Arcosa, Inc.净利率更高（7.3% vs -0.0%，领先7.3%）。波音同比增速更快（14.0% vs 7.6%）。Arcosa, Inc.自由现金流更多（$55.8M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
波音公司是美国跨国航空航天企业，1916年成立，业务覆盖民用飞机、旋翼机、火箭、卫星、导弹的设计、制造与全球销售，同时提供租赁及产品配套支持服务。作为全球头部航空航天制造商，按2022年营收计为全球第四大国防承包商，也是美国按金额计算的最大出口企业。
ACA vs BA — 直观对比
营收规模更大
BA
是对方的31.0倍
$716.7M
营收增速更快
BA
高出6.4%
7.6%
净利率更高
ACA
高出7.3%
-0.0%
自由现金流更多
ACA
多$1.5B
$-1.5B
两年增速更快
BA
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $22.2B |
| 净利润 | $52.1M | $-7.0M |
| 毛利率 | 22.9% | — |
| 营业利润率 | 11.0% | 2.0% |
| 净利率 | 7.3% | -0.0% |
| 营收同比 | 7.6% | 14.0% |
| 净利润同比 | 776.6% | 77.4% |
| 每股收益（稀释后） | $1.06 | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACABA
| Q1 26 | — | $22.2B | ||
| Q4 25 | $716.7M | $23.9B | ||
| Q3 25 | $797.8M | $23.3B | ||
| Q2 25 | $736.9M | $22.7B | ||
| Q1 25 | $632.0M | $19.5B | ||
| Q4 24 | $666.2M | $15.2B | ||
| Q3 24 | $640.4M | $17.8B | ||
| Q2 24 | $664.7M | $16.9B |
净利润ACABA
| Q1 26 | — | $-7.0M | ||
| Q4 25 | $52.1M | $8.2B | ||
| Q3 25 | $73.0M | $-5.3B | ||
| Q2 25 | $59.7M | $-611.0M | ||
| Q1 25 | $23.6M | $-37.0M | ||
| Q4 24 | $-7.7M | $-3.9B | ||
| Q3 24 | $16.6M | $-6.2B | ||
| Q2 24 | $45.6M | $-1.4B |
毛利率ACABA
| Q1 26 | — | — | ||
| Q4 25 | 22.9% | 7.6% | ||
| Q3 25 | 24.1% | -10.2% | ||
| Q2 25 | 22.5% | 10.7% | ||
| Q1 25 | 19.8% | 12.4% | ||
| Q4 24 | 19.3% | -10.4% | ||
| Q3 24 | 21.3% | -19.7% | ||
| Q2 24 | 20.8% | 7.3% |
营业利润率ACABA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 11.0% | 36.7% | ||
| Q3 25 | 14.1% | -20.5% | ||
| Q2 25 | 12.9% | -0.8% | ||
| Q1 25 | 8.8% | 2.4% | ||
| Q4 24 | 6.5% | -24.7% | ||
| Q3 24 | 5.3% | -32.3% | ||
| Q2 24 | 10.1% | -6.5% |
净利率ACABA
| Q1 26 | — | -0.0% | ||
| Q4 25 | 7.3% | 34.3% | ||
| Q3 25 | 9.2% | -22.9% | ||
| Q2 25 | 8.1% | -2.7% | ||
| Q1 25 | 3.7% | -0.2% | ||
| Q4 24 | -1.2% | -25.4% | ||
| Q3 24 | 2.6% | -34.6% | ||
| Q2 24 | 6.9% | -8.5% |
每股收益（稀释后）ACABA
| Q1 26 | — | $-0.11 | ||
| Q4 25 | $1.06 | $10.70 | ||
| Q3 25 | $1.48 | $-7.14 | ||
| Q2 25 | $1.22 | $-0.92 | ||
| Q1 25 | $0.48 | $-0.16 | ||
| Q4 24 | $-0.16 | $-5.50 | ||
| Q3 24 | $0.34 | $-9.97 | ||
| Q2 24 | $0.93 | $-2.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $214.6M | $9.4B |
| 总债务越低越好 | $1.5B | $44.4B |
| 股东权益账面价值 | $2.6B | $6.0B |
| 总资产 | $5.0B | $164.8B |
| 负债/权益比越低杠杆越低 | 0.57× | 7.41× |
8季度趋势，按日历期对齐
现金及短期投资ACABA
| Q1 26 | — | $9.4B | ||
| Q4 25 | $214.6M | $29.4B | ||
| Q3 25 | $220.0M | $23.0B | ||
| Q2 25 | $189.7M | $23.0B | ||
| Q1 25 | $167.9M | $23.7B | ||
| Q4 24 | $187.3M | $26.3B | ||
| Q3 24 | $756.8M | $10.5B | ||
| Q2 24 | $103.7M | $12.6B |
总债务ACABA
| Q1 26 | — | $44.4B | ||
| Q4 25 | $1.5B | $45.6B | ||
| Q3 25 | $1.6B | $44.6B | ||
| Q2 25 | $1.7B | $44.6B | ||
| Q1 25 | $1.7B | $45.7B | ||
| Q4 24 | $1.7B | $52.6B | ||
| Q3 24 | $1.2B | $53.2B | ||
| Q2 24 | $699.9M | $53.2B |
股东权益ACABA
| Q1 26 | — | $6.0B | ||
| Q4 25 | $2.6B | $5.5B | ||
| Q3 25 | $2.6B | $-8.3B | ||
| Q2 25 | $2.5B | $-3.3B | ||
| Q1 25 | $2.5B | $-3.3B | ||
| Q4 24 | $2.4B | $-3.9B | ||
| Q3 24 | $2.4B | $-23.6B | ||
| Q2 24 | $2.4B | $-18.0B |
总资产ACABA
| Q1 26 | — | $164.8B | ||
| Q4 25 | $5.0B | $168.2B | ||
| Q3 25 | $5.1B | $150.0B | ||
| Q2 25 | $5.0B | $155.1B | ||
| Q1 25 | $4.9B | $156.5B | ||
| Q4 24 | $4.9B | $156.4B | ||
| Q3 24 | $4.4B | $137.7B | ||
| Q2 24 | $3.8B | $142.7B |
负债/权益比ACABA
| Q1 26 | — | 7.41× | ||
| Q4 25 | 0.57× | 8.37× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $120.0M | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-1.5B |
| 自由现金流率自由现金流/营收 | 7.8% | -6.5% |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $175.5M | $-1.0B |
8季度趋势，按日历期对齐
经营现金流ACABA
| Q1 26 | — | — | ||
| Q4 25 | $120.0M | $1.3B | ||
| Q3 25 | $160.6M | $1.1B | ||
| Q2 25 | $61.2M | $227.0M | ||
| Q1 25 | $-700.0K | $-1.6B | ||
| Q4 24 | $248.2M | $-3.5B | ||
| Q3 24 | $135.0M | $-1.3B | ||
| Q2 24 | $38.3M | $-3.9B |
自由现金流ACABA
| Q1 26 | — | $-1.5B | ||
| Q4 25 | $55.8M | $375.0M | ||
| Q3 25 | $121.0M | $238.0M | ||
| Q2 25 | $33.4M | $-200.0M | ||
| Q1 25 | $-34.7M | $-2.3B | ||
| Q4 24 | $194.9M | $-4.1B | ||
| Q3 24 | $100.6M | $-2.0B | ||
| Q2 24 | $-9.3M | $-4.3B |
自由现金流率ACABA
| Q1 26 | — | -6.5% | ||
| Q4 25 | 7.8% | 1.6% | ||
| Q3 25 | 15.2% | 1.0% | ||
| Q2 25 | 4.5% | -0.9% | ||
| Q1 25 | -5.5% | -11.7% | ||
| Q4 24 | 29.3% | -26.9% | ||
| Q3 24 | 15.7% | -11.0% | ||
| Q2 24 | -1.4% | -25.7% |
资本支出强度ACABA
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 4.0% | ||
| Q3 25 | 5.0% | 3.8% | ||
| Q2 25 | 3.8% | 1.9% | ||
| Q1 25 | 5.4% | 3.5% | ||
| Q4 24 | 8.0% | 4.3% | ||
| Q3 24 | 5.4% | 3.4% | ||
| Q2 24 | 7.2% | 2.4% |
现金转化率ACABA
| Q1 26 | — | — | ||
| Q4 25 | 2.30× | 0.16× | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | — | ||
| Q2 24 | 0.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
BA
| Commercial Airplanes | $9.2B | 41% |
| Defense, Space & Security | $7.6B | 34% |
| Global Services | $5.4B | 24% |
