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波音（BA）与CLEAN HARBORS INC（CLH）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CLEAN HARBORS INC的14.8倍（$22.2B vs $1.5B）。CLEAN HARBORS INC净利率更高（5.8% vs -0.0%，领先5.8%）。波音同比增速更快（14.0% vs 4.8%）。CLEAN HARBORS INC自由现金流更多（$233.3M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 4.4%）
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。
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
BA vs CLH — 直观对比
营收规模更大
BA
是对方的14.8倍
$1.5B
营收增速更快
BA
高出9.2%
4.8%
净利率更高
CLH
高出5.8%
-0.0%
自由现金流更多
CLH
多$1.7B
$-1.5B
两年增速更快
BA
近两年复合增速
4.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $1.5B |
| 净利润 | $-7.0M | $86.6M |
| 毛利率 | — | 30.6% |
| 营业利润率 | 2.0% | 10.6% |
| 净利率 | -0.0% | 5.8% |
| 营收同比 | 14.0% | 4.8% |
| 净利润同比 | 77.4% | 3.1% |
| 每股收益（稀释后） | $-0.11 | $1.62 |
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BACLH
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $1.5B | ||
| Q3 25 | $23.3B | $1.5B | ||
| Q2 25 | $22.7B | $1.5B | ||
| Q1 25 | $19.5B | $1.4B | ||
| Q4 24 | $15.2B | $1.4B | ||
| Q3 24 | $17.8B | $1.5B | ||
| Q2 24 | $16.9B | $1.6B |
净利润BACLH
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $86.6M | ||
| Q3 25 | $-5.3B | $118.8M | ||
| Q2 25 | $-611.0M | $126.9M | ||
| Q1 25 | $-37.0M | $58.7M | ||
| Q4 24 | $-3.9B | $84.0M | ||
| Q3 24 | $-6.2B | $115.2M | ||
| Q2 24 | $-1.4B | $133.3M |
毛利率BACLH
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 30.6% | ||
| Q3 25 | -10.2% | 32.3% | ||
| Q2 25 | 10.7% | 33.3% | ||
| Q1 25 | 12.4% | 28.6% | ||
| Q4 24 | -10.4% | 29.9% | ||
| Q3 24 | -19.7% | 31.0% | ||
| Q2 24 | 7.3% | 33.3% |
营业利润率BACLH
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 10.6% | ||
| Q3 25 | -20.5% | 12.5% | ||
| Q2 25 | -0.8% | 13.6% | ||
| Q1 25 | 2.4% | 7.8% | ||
| Q4 24 | -24.7% | 9.6% | ||
| Q3 24 | -32.3% | 12.6% | ||
| Q2 24 | -6.5% | 13.9% |
净利率BACLH
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 5.8% | ||
| Q3 25 | -22.9% | 7.7% | ||
| Q2 25 | -2.7% | 8.2% | ||
| Q1 25 | -0.2% | 4.1% | ||
| Q4 24 | -25.4% | 5.9% | ||
| Q3 24 | -34.6% | 7.5% | ||
| Q2 24 | -8.5% | 8.6% |
每股收益（稀释后）BACLH
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $1.62 | ||
| Q3 25 | $-7.14 | $2.21 | ||
| Q2 25 | $-0.92 | $2.36 | ||
| Q1 25 | $-0.16 | $1.09 | ||
| Q4 24 | $-5.50 | $1.55 | ||
| Q3 24 | $-9.97 | $2.12 | ||
| Q2 24 | $-2.33 | $2.46 |
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 | $127.4M |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | $2.7B |
| 总资产 | $164.8B | $7.6B |
| 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BACLH
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $127.4M | ||
| Q3 25 | $23.0B | $91.2M | ||
| Q2 25 | $23.0B | $98.9M | ||
| Q1 25 | $23.7B | $105.9M | ||
| Q4 24 | $26.3B | $102.6M | ||
| Q3 24 | $10.5B | $82.4M | ||
| Q2 24 | $12.6B | $91.3M |
总债务BACLH
| 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BACLH
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $2.7B | ||
| Q3 25 | $-8.3B | $2.8B | ||
| Q2 25 | $-3.3B | $2.7B | ||
| Q1 25 | $-3.3B | $2.6B | ||
| Q4 24 | $-3.9B | $2.6B | ||
| Q3 24 | $-23.6B | $2.5B | ||
| Q2 24 | $-18.0B | $2.4B |
总资产BACLH
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $7.6B | ||
| Q3 25 | $150.0B | $7.5B | ||
| Q2 25 | $155.1B | $7.4B | ||
| Q1 25 | $156.5B | $7.2B | ||
| Q4 24 | $156.4B | $7.4B | ||
| Q3 24 | $137.7B | $7.3B | ||
| Q2 24 | $142.7B | $7.1B |
负债/权益比BACLH
| 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 | — | $355.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $233.3M |
| 自由现金流率自由现金流/营收 | -6.5% | 15.6% |
| 资本支出强度资本支出/营收 | — | 8.1% |
| 现金转化率经营现金流/净利润 | — | 4.10× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $441.8M |
8季度趋势，按日历期对齐
经营现金流BACLH
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $355.1M | ||
| Q3 25 | $1.1B | $302.0M | ||
| Q2 25 | $227.0M | $208.0M | ||
| Q1 25 | $-1.6B | $1.6M | ||
| Q4 24 | $-3.5B | $303.9M | ||
| Q3 24 | $-1.3B | $239.2M | ||
| Q2 24 | $-3.9B | $216.0M |
自由现金流BACLH
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $233.3M | ||
| Q3 25 | $238.0M | $207.5M | ||
| Q2 25 | $-200.0M | $118.0M | ||
| Q1 25 | $-2.3B | $-117.1M | ||
| Q4 24 | $-4.1B | $241.5M | ||
| Q3 24 | $-2.0B | $142.4M | ||
| Q2 24 | $-4.3B | $80.9M |
自由现金流率BACLH
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 15.6% | ||
| Q3 25 | 1.0% | 13.4% | ||
| Q2 25 | -0.9% | 7.6% | ||
| Q1 25 | -11.7% | -8.2% | ||
| Q4 24 | -26.9% | 16.9% | ||
| Q3 24 | -11.0% | 9.3% | ||
| Q2 24 | -25.7% | 5.2% |
资本支出强度BACLH
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 8.1% | ||
| Q3 25 | 3.8% | 6.1% | ||
| Q2 25 | 1.9% | 5.8% | ||
| Q1 25 | 3.5% | 8.3% | ||
| Q4 24 | 4.3% | 4.4% | ||
| Q3 24 | 3.4% | 6.3% | ||
| Q2 24 | 2.4% | 8.7% |
现金转化率BACLH
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 4.10× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 2.08× | ||
| Q2 24 | — | 1.62× |
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% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
