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ACV Auctions Inc.（ACVA）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ACV Auctions Inc.的121.0倍（$22.2B vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs 14.0%）。ACV Auctions Inc.自由现金流更多（$-14.7M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 12.3%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
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。
ACVA vs BA — 直观对比
营收规模更大
BA
是对方的121.0倍
$183.6M
营收增速更快
ACVA
高出1.1%
14.0%
自由现金流更多
ACVA
多$1.4B
$-1.5B
两年增速更快
BA
近两年复合增速
12.3%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $22.2B |
| 净利润 | — | $-7.0M |
| 毛利率 | — | — |
| 营业利润率 | -9.7% | 2.0% |
| 净利率 | — | -0.0% |
| 营收同比 | 15.1% | 14.0% |
| 净利润同比 | — | 77.4% |
| 每股收益（稀释后） | $-0.12 | $-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ACVABA
| Q1 26 | — | $22.2B | ||
| Q4 25 | $183.6M | $23.9B | ||
| Q3 25 | $199.6M | $23.3B | ||
| Q2 25 | $193.7M | $22.7B | ||
| Q1 25 | $182.7M | $19.5B | ||
| Q4 24 | $159.5M | $15.2B | ||
| Q3 24 | $171.3M | $17.8B | ||
| Q2 24 | $160.6M | $16.9B |
净利润ACVABA
| Q1 26 | — | $-7.0M | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | $-24.5M | $-5.3B | ||
| Q2 25 | $-7.3M | $-611.0M | ||
| Q1 25 | $-14.8M | $-37.0M | ||
| Q4 24 | — | $-3.9B | ||
| Q3 24 | $-16.0M | $-6.2B | ||
| Q2 24 | $-17.1M | $-1.4B |
毛利率ACVABA
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -10.2% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | -10.4% | ||
| Q3 24 | — | -19.7% | ||
| Q2 24 | — | 7.3% |
营业利润率ACVABA
| Q1 26 | — | 2.0% | ||
| Q4 25 | -9.7% | 36.7% | ||
| Q3 25 | -11.9% | -20.5% | ||
| Q2 25 | -3.7% | -0.8% | ||
| Q1 25 | -7.9% | 2.4% | ||
| Q4 24 | -16.2% | -24.7% | ||
| Q3 24 | -10.0% | -32.3% | ||
| Q2 24 | -11.6% | -6.5% |
净利率ACVABA
| Q1 26 | — | -0.0% | ||
| Q4 25 | — | 34.3% | ||
| Q3 25 | -12.3% | -22.9% | ||
| Q2 25 | -3.8% | -2.7% | ||
| Q1 25 | -8.1% | -0.2% | ||
| Q4 24 | — | -25.4% | ||
| Q3 24 | -9.4% | -34.6% | ||
| Q2 24 | -10.6% | -8.5% |
每股收益（稀释后）ACVABA
| Q1 26 | — | $-0.11 | ||
| Q4 25 | $-0.12 | $10.70 | ||
| Q3 25 | $-0.14 | $-7.14 | ||
| Q2 25 | $-0.04 | $-0.92 | ||
| Q1 25 | $-0.09 | $-0.16 | ||
| Q4 24 | $-0.15 | $-5.50 | ||
| Q3 24 | $-0.10 | $-9.97 | ||
| Q2 24 | $-0.10 | $-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 | $271.5M | $9.4B |
| 总债务越低越好 | — | $44.4B |
| 股东权益账面价值 | $429.7M | $6.0B |
| 总资产 | $1.1B | $164.8B |
| 负债/权益比越低杠杆越低 | — | 7.41× |
8季度趋势，按日历期对齐
现金及短期投资ACVABA
| Q1 26 | — | $9.4B | ||
| Q4 25 | $271.5M | $29.4B | ||
| Q3 25 | $265.3M | $23.0B | ||
| Q2 25 | $258.4M | $23.0B | ||
| Q1 25 | $291.9M | $23.7B | ||
| Q4 24 | $224.1M | $26.3B | ||
| Q3 24 | $252.5M | $10.5B | ||
| Q2 24 | $215.0M | $12.6B |
总债务ACVABA
| Q1 26 | — | $44.4B | ||
| Q4 25 | — | $45.6B | ||
| Q3 25 | — | $44.6B | ||
| Q2 25 | — | $44.6B | ||
| Q1 25 | — | $45.7B | ||
| Q4 24 | — | $52.6B | ||
| Q3 24 | — | $53.2B | ||
| Q2 24 | — | $53.2B |
股东权益ACVABA
| Q1 26 | — | $6.0B | ||
| Q4 25 | $429.7M | $5.5B | ||
| Q3 25 | $434.4M | $-8.3B | ||
| Q2 25 | $448.8M | $-3.3B | ||
| Q1 25 | $439.6M | $-3.3B | ||
| Q4 24 | $440.0M | $-3.9B | ||
| Q3 24 | $456.2M | $-23.6B | ||
| Q2 24 | $457.6M | $-18.0B |
总资产ACVABA
| Q1 26 | — | $164.8B | ||
| Q4 25 | $1.1B | $168.2B | ||
| Q3 25 | $1.2B | $150.0B | ||
| Q2 25 | $1.1B | $155.1B | ||
| Q1 25 | $1.2B | $156.5B | ||
| Q4 24 | $984.1M | $156.4B | ||
| Q3 24 | $1.0B | $137.7B | ||
| Q2 24 | $1.0B | $142.7B |
负债/权益比ACVABA
| Q1 26 | — | 7.41× | ||
| Q4 25 | — | 8.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-12.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $-1.5B |
| 自由现金流率自由现金流/营收 | -8.0% | -6.5% |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $69.1M | $-1.0B |
8季度趋势，按日历期对齐
经营现金流ACVABA
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $1.3B | ||
| Q3 25 | $10.3M | $1.1B | ||
| Q2 25 | $13.7M | $227.0M | ||
| Q1 25 | $66.6M | $-1.6B | ||
| Q4 24 | $-3.2M | $-3.5B | ||
| Q3 24 | $21.1M | $-1.3B | ||
| Q2 24 | $4.5M | $-3.9B |
自由现金流ACVABA
| Q1 26 | — | $-1.5B | ||
| Q4 25 | $-14.7M | $375.0M | ||
| Q3 25 | $7.7M | $238.0M | ||
| Q2 25 | $10.9M | $-200.0M | ||
| Q1 25 | $65.3M | $-2.3B | ||
| Q4 24 | $-3.9M | $-4.1B | ||
| Q3 24 | $20.2M | $-2.0B | ||
| Q2 24 | $2.7M | $-4.3B |
自由现金流率ACVABA
| Q1 26 | — | -6.5% | ||
| Q4 25 | -8.0% | 1.6% | ||
| Q3 25 | 3.8% | 1.0% | ||
| Q2 25 | 5.6% | -0.9% | ||
| Q1 25 | 35.7% | -11.7% | ||
| Q4 24 | -2.5% | -26.9% | ||
| Q3 24 | 11.8% | -11.0% | ||
| Q2 24 | 1.7% | -25.7% |
资本支出强度ACVABA
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.0% | ||
| Q3 25 | 1.3% | 3.8% | ||
| Q2 25 | 1.5% | 1.9% | ||
| Q1 25 | 0.7% | 3.5% | ||
| Q4 24 | 0.4% | 4.3% | ||
| Q3 24 | 0.6% | 3.4% | ||
| Q2 24 | 1.1% | 2.4% |
现金转化率ACVABA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
BA
| Commercial Airplanes | $9.2B | 41% |
| Defense, Space & Security | $7.6B | 34% |
| Global Services | $5.4B | 24% |
