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波音（BA）与美国银行（BAC）财务数据对比。点击上方公司名可切换其他公司
美国银行的季度营收约是波音的1.4倍（$31.2B vs $22.2B），美国银行净利率更高（24.1% vs -0.0%，领先24.2%），过去两年波音的营收复合增速更高（14.8% vs 11.3%）
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。
美国银行是美国知名跨国投资银行及金融服务控股集团，总部位于北卡罗来纳州夏洛特的美国银行企业中心，在曼哈顿设有投行业务及辅助办公总部，1998年由国民银行与原美国银行合并组建，为全球客户提供多元化综合金融服务。
BA vs BAC — 直观对比
营收规模更大
BAC
是对方的1.4倍
$22.2B
净利率更高
BAC
高出24.2%
-0.0%
两年增速更快
BA
近两年复合增速
11.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $31.2B |
| 净利润 | $-7.0M | $7.5B |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 39.9% |
| 净利率 | -0.0% | 24.1% |
| 营收同比 | 14.0% | — |
| 净利润同比 | 77.4% | — |
| 每股收益（稀释后） | $-0.11 | $0.96 |
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BABAC
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $31.2B | ||
| Q3 25 | $23.3B | $28.1B | ||
| Q2 25 | $22.7B | $26.5B | ||
| Q1 25 | $19.5B | $27.4B | ||
| Q4 24 | $15.2B | — | ||
| Q3 24 | $17.8B | $25.3B | ||
| Q2 24 | $16.9B | $25.4B |
净利润BABAC
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $7.5B | ||
| Q3 25 | $-5.3B | $8.5B | ||
| Q2 25 | $-611.0M | $7.1B | ||
| Q1 25 | $-37.0M | $7.4B | ||
| Q4 24 | $-3.9B | — | ||
| Q3 24 | $-6.2B | $6.9B | ||
| Q2 24 | $-1.4B | $6.9B |
毛利率BABAC
| 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BABAC
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 39.9% | ||
| Q3 25 | -20.5% | 33.7% | ||
| Q2 25 | -0.8% | 29.1% | ||
| Q1 25 | 2.4% | 29.7% | ||
| Q4 24 | -24.7% | — | ||
| Q3 24 | -32.3% | 28.9% | ||
| Q2 24 | -6.5% | 29.8% |
净利率BABAC
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 24.1% | ||
| Q3 25 | -22.9% | 30.2% | ||
| Q2 25 | -2.7% | 26.9% | ||
| Q1 25 | -0.2% | 27.0% | ||
| Q4 24 | -25.4% | — | ||
| Q3 24 | -34.6% | 27.2% | ||
| Q2 24 | -8.5% | 27.2% |
每股收益（稀释后）BABAC
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $0.96 | ||
| Q3 25 | $-7.14 | $1.06 | ||
| Q2 25 | $-0.92 | $0.89 | ||
| Q1 25 | $-0.16 | $0.90 | ||
| Q4 24 | $-5.50 | — | ||
| Q3 24 | $-9.97 | $0.81 | ||
| Q2 24 | $-2.33 | $0.83 |
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 | $9.4B | — |
| 总债务越低越好 | $44.4B | $317.8B |
| 股东权益账面价值 | $6.0B | $303.2B |
| 总资产 | $164.8B | $3411.7B |
| 负债/权益比越低杠杆越低 | 7.41× | 1.05× |
8季度趋势，按日历期对齐
现金及短期投资BABAC
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | — | ||
| Q3 25 | $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BABAC
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $317.8B | ||
| Q3 25 | $44.6B | $311.5B | ||
| Q2 25 | $44.6B | $313.4B | ||
| Q1 25 | $45.7B | $304.1B | ||
| Q4 24 | $52.6B | — | ||
| Q3 24 | $53.2B | $296.9B | ||
| Q2 24 | $53.2B | $290.5B |
股东权益BABAC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $303.2B | ||
| Q3 25 | $-8.3B | $304.2B | ||
| Q2 25 | $-3.3B | $299.6B | ||
| Q1 25 | $-3.3B | $295.6B | ||
| Q4 24 | $-3.9B | — | ||
| Q3 24 | $-23.6B | $296.5B | ||
| Q2 24 | $-18.0B | $293.9B |
总资产BABAC
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $3411.7B | ||
| Q3 25 | $150.0B | $3403.7B | ||
| Q2 25 | $155.1B | $3441.1B | ||
| Q1 25 | $156.5B | $3349.4B | ||
| Q4 24 | $156.4B | — | ||
| Q3 24 | $137.7B | $3324.3B | ||
| Q2 24 | $142.7B | $3258.0B |
负债/权益比BABAC
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 1.05× | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 0.99× |
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 | — | $-22.9B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | — |
| 自由现金流率自由现金流/营收 | -6.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -3.05× |
| 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BABAC
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $-22.9B | ||
| Q3 25 | $1.1B | $46.9B | ||
| Q2 25 | $227.0M | $-9.1B | ||
| Q1 25 | $-1.6B | $-2.2B | ||
| Q4 24 | $-3.5B | — | ||
| Q3 24 | $-1.3B | — | ||
| Q2 24 | $-3.9B | — |
自由现金流BABAC
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | — | ||
| Q3 25 | $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BABAC
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 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BABAC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 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BABAC
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | -3.05× | ||
| Q3 25 | — | 5.53× | ||
| Q2 25 | — | -1.28× | ||
| Q1 25 | — | -0.30× | ||
| 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
BA
| Commercial Airplanes | $9.2B | 41% |
| Defense, Space & Security | $7.6B | 34% |
| Global Services | $5.4B | 24% |
BAC
| Other | $7.0B | 22% |
| Global Wealth And Investment Management Segment | $6.6B | 21% |
| Global Banking Segment | $6.2B | 20% |
| Global Markets Segment | $5.3B | 17% |
| Investment And Brokerage Services Asset Management Fees | $4.2B | 13% |
| Investment Banking Income Underwriting Income | $752.0M | 2% |
| Investment Banking Income Financial Advisory Services | $590.0M | 2% |
| Investment Banking Income Syndication Fees | $324.0M | 1% |
| Corporate Securities Trading Loansand Other | $184.0M | 1% |
| Mortgage Trading Loans Mortgage Backed Securities And Asset Backed Securities | $31.0M | 0% |
| Equity Securities | $12.0M | 0% |
| Accrued Expensesand Other Liabilities | $11.0M | 0% |
