vs
AAR CORP（AIR）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AAR CORP的27.9倍（$22.2B vs $795.3M）。AAR CORP净利率更高（4.4% vs -0.0%，领先4.4%）。AAR CORP同比增速更快（15.9% vs 14.0%）。AAR CORP自由现金流更多（$6.2M vs $-1.5B）
AAR CORP是一家美国航空服务企业，为全球商业及政府客户提供飞机维护相关服务，总部位于伊利诺伊州芝加哥郊区的伍德戴尔，在约30个国家开展业务，现有员工约6000人，现任首席执行官为约翰·霍姆斯。
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。
AIR vs BA — 直观对比
营收规模更大
BA
是对方的27.9倍
$795.3M
营收增速更快
AIR
高出1.9%
14.0%
净利率更高
AIR
高出4.4%
-0.0%
自由现金流更多
AIR
多$1.5B
$-1.5B
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $22.2B |
| 净利润 | $34.6M | $-7.0M |
| 毛利率 | 19.7% | — |
| 营业利润率 | 6.0% | 2.0% |
| 净利率 | 4.4% | -0.0% |
| 营收同比 | 15.9% | 14.0% |
| 净利润同比 | 213.1% | 77.4% |
| 每股收益（稀释后） | $0.90 | $-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AIRBA
| Q1 26 | — | $22.2B | ||
| Q4 25 | $795.3M | $23.9B | ||
| Q3 25 | $739.6M | $23.3B | ||
| Q2 25 | — | $22.7B | ||
| Q1 25 | — | $19.5B | ||
| Q4 24 | — | $15.2B | ||
| Q3 24 | — | $17.8B | ||
| Q2 24 | — | $16.9B |
净利润AIRBA
| Q1 26 | — | $-7.0M | ||
| Q4 25 | $34.6M | $8.2B | ||
| Q3 25 | $34.4M | $-5.3B | ||
| Q2 25 | — | $-611.0M | ||
| Q1 25 | — | $-37.0M | ||
| Q4 24 | — | $-3.9B | ||
| Q3 24 | — | $-6.2B | ||
| Q2 24 | — | $-1.4B |
毛利率AIRBA
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 7.6% | ||
| Q3 25 | 18.1% | -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AIRBA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 6.0% | 36.7% | ||
| Q3 25 | 6.4% | -20.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | -6.5% |
净利率AIRBA
| Q1 26 | — | -0.0% | ||
| Q4 25 | 4.4% | 34.3% | ||
| Q3 25 | 4.7% | -22.9% | ||
| Q2 25 | — | -2.7% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | -25.4% | ||
| Q3 24 | — | -34.6% | ||
| Q2 24 | — | -8.5% |
每股收益（稀释后）AIRBA
| Q1 26 | — | $-0.11 | ||
| Q4 25 | $0.90 | $10.70 | ||
| Q3 25 | $0.95 | $-7.14 | ||
| Q2 25 | — | $-0.92 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $-5.50 | ||
| Q3 24 | — | $-9.97 | ||
| Q2 24 | — | $-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 | $75.6M | $9.4B |
| 总债务越低越好 | $952.7M | $44.4B |
| 股东权益账面价值 | $1.6B | $6.0B |
| 总资产 | $3.2B | $164.8B |
| 负债/权益比越低杠杆越低 | 0.61× | 7.41× |
8季度趋势，按日历期对齐
现金及短期投资AIRBA
| Q1 26 | — | $9.4B | ||
| Q4 25 | $75.6M | $29.4B | ||
| Q3 25 | $80.0M | $23.0B | ||
| Q2 25 | — | $23.0B | ||
| Q1 25 | — | $23.7B | ||
| Q4 24 | — | $26.3B | ||
| Q3 24 | — | $10.5B | ||
| Q2 24 | — | $12.6B |
总债务AIRBA
| Q1 26 | — | $44.4B | ||
| Q4 25 | $952.7M | $45.6B | ||
| Q3 25 | $1.0B | $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AIRBA
| Q1 26 | — | $6.0B | ||
| Q4 25 | $1.6B | $5.5B | ||
| Q3 25 | $1.2B | $-8.3B | ||
| Q2 25 | — | $-3.3B | ||
| Q1 25 | — | $-3.3B | ||
| Q4 24 | — | $-3.9B | ||
| Q3 24 | — | $-23.6B | ||
| Q2 24 | — | $-18.0B |
总资产AIRBA
| Q1 26 | — | $164.8B | ||
| Q4 25 | $3.2B | $168.2B | ||
| Q3 25 | $2.9B | $150.0B | ||
| Q2 25 | — | $155.1B | ||
| Q1 25 | — | $156.5B | ||
| Q4 24 | — | $156.4B | ||
| Q3 24 | — | $137.7B | ||
| Q2 24 | — | $142.7B |
负债/权益比AIRBA
| Q1 26 | — | 7.41× | ||
| Q4 25 | 0.61× | 8.37× | ||
| Q3 25 | 0.82× | — | ||
| 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 | $13.6M | — |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-1.5B |
| 自由现金流率自由现金流/营收 | 0.8% | -6.5% |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.0B |
8季度趋势，按日历期对齐
经营现金流AIRBA
| Q1 26 | — | — | ||
| Q4 25 | $13.6M | $1.3B | ||
| Q3 25 | $-44.9M | $1.1B | ||
| Q2 25 | — | $227.0M | ||
| Q1 25 | — | $-1.6B | ||
| Q4 24 | — | $-3.5B | ||
| Q3 24 | — | $-1.3B | ||
| Q2 24 | — | $-3.9B |
自由现金流AIRBA
| Q1 26 | — | $-1.5B | ||
| Q4 25 | $6.2M | $375.0M | ||
| Q3 25 | $-53.6M | $238.0M | ||
| Q2 25 | — | $-200.0M | ||
| Q1 25 | — | $-2.3B | ||
| Q4 24 | — | $-4.1B | ||
| Q3 24 | — | $-2.0B | ||
| Q2 24 | — | $-4.3B |
自由现金流率AIRBA
| Q1 26 | — | -6.5% | ||
| Q4 25 | 0.8% | 1.6% | ||
| Q3 25 | -7.2% | 1.0% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | — | -26.9% | ||
| Q3 24 | — | -11.0% | ||
| Q2 24 | — | -25.7% |
资本支出强度AIRBA
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 4.0% | ||
| Q3 25 | 1.2% | 3.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 2.4% |
现金转化率AIRBA
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 0.16× | ||
| Q3 25 | -1.31× | — | ||
| 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
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
BA
| Commercial Airplanes | $9.2B | 41% |
| Defense, Space & Security | $7.6B | 34% |
| Global Services | $5.4B | 24% |
