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波音（BA）与加拿大国家铁路（CP）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加拿大国家铁路的7.8倍（$22.2B vs $2.8B）。加拿大国家铁路净利率更高（27.7% vs -0.0%，领先27.7%）。波音同比增速更快（14.0% vs 1.3%）。加拿大国家铁路自由现金流更多（$537.3M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 5.6%）
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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
BA vs CP — 直观对比
营收规模更大
BA
是对方的7.8倍
$2.8B
营收增速更快
BA
高出12.7%
1.3%
净利率更高
CP
高出27.7%
-0.0%
自由现金流更多
CP
多$2.0B
$-1.5B
两年增速更快
BA
近两年复合增速
5.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $2.8B |
| 净利润 | $-7.0M | $786.2M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 41.4% |
| 净利率 | -0.0% | 27.7% |
| 营收同比 | 14.0% | 1.3% |
| 净利润同比 | 77.4% | -10.3% |
| 每股收益（稀释后） | $-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BACP
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $2.8B | ||
| Q3 25 | $23.3B | $2.7B | ||
| Q2 25 | $22.7B | $2.7B | ||
| Q1 25 | $19.5B | $2.8B | ||
| Q4 24 | $15.2B | $2.8B | ||
| Q3 24 | $17.8B | $2.6B | ||
| Q2 24 | $16.9B | $2.6B |
净利润BACP
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $786.2M | ||
| Q3 25 | $-5.3B | $671.6M | ||
| Q2 25 | $-611.0M | $900.8M | ||
| Q1 25 | $-37.0M | $664.3M | ||
| Q4 24 | $-3.9B | $876.7M | ||
| Q3 24 | $-6.2B | $611.0M | ||
| Q2 24 | $-1.4B | $660.6M |
毛利率BACP
| 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BACP
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 41.4% | ||
| Q3 25 | -20.5% | 36.8% | ||
| Q2 25 | -0.8% | 36.6% | ||
| Q1 25 | 2.4% | 35.0% | ||
| Q4 24 | -24.7% | 40.6% | ||
| Q3 24 | -32.3% | 34.3% | ||
| Q2 24 | -6.5% | 35.4% |
净利率BACP
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 27.7% | ||
| Q3 25 | -22.9% | 25.3% | ||
| Q2 25 | -2.7% | 33.6% | ||
| Q1 25 | -0.2% | 24.2% | ||
| Q4 24 | -25.4% | 31.2% | ||
| Q3 24 | -34.6% | 23.9% | ||
| Q2 24 | -8.5% | 25.3% |
每股收益（稀释后）BACP
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | — | ||
| Q3 25 | $-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 | $9.4B | $134.3M |
| 总债务越低越好 | $44.4B | $14.6B |
| 股东权益账面价值 | $6.0B | $33.5B |
| 总资产 | $164.8B | $62.7B |
| 负债/权益比越低杠杆越低 | 7.41× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资BACP
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $134.3M | ||
| Q3 25 | $23.0B | $300.0M | ||
| Q2 25 | $23.0B | $583.3M | ||
| Q1 25 | $23.7B | $507.4M | ||
| Q4 24 | $26.3B | $539.5M | ||
| Q3 24 | $10.5B | $338.0M | ||
| Q2 24 | $12.6B | $406.6M |
总债务BACP
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $14.6B | ||
| Q3 25 | $44.6B | $15.8B | ||
| Q2 25 | $44.6B | $15.5B | ||
| Q1 25 | $45.7B | $15.4B | ||
| Q4 24 | $52.6B | $14.5B | ||
| Q3 24 | $53.2B | $13.7B | ||
| Q2 24 | $53.2B | $13.8B |
股东权益BACP
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $33.5B | ||
| Q3 25 | $-8.3B | $33.4B | ||
| Q2 25 | $-3.3B | $33.7B | ||
| Q1 25 | $-3.3B | $35.2B | ||
| Q4 24 | $-3.9B | $35.0B | ||
| Q3 24 | $-23.6B | $32.2B | ||
| Q2 24 | $-18.0B | $32.0B |
总资产BACP
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $62.7B | ||
| Q3 25 | $150.0B | $63.3B | ||
| Q2 25 | $155.1B | $62.2B | ||
| Q1 25 | $156.5B | $64.3B | ||
| Q4 24 | $156.4B | $64.1B | ||
| Q3 24 | $137.7B | $60.0B | ||
| Q2 24 | $142.7B | $60.4B |
负债/权益比BACP
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $537.3M |
| 自由现金流率自由现金流/营收 | -6.5% | 18.9% |
| 资本支出强度资本支出/营收 | — | 20.2% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $1.6B |
8季度趋势，按日历期对齐
经营现金流BACP
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.1B | $930.0M | ||
| Q2 25 | $227.0M | $989.1M | ||
| Q1 25 | $-1.6B | $843.9M | ||
| Q4 24 | $-3.5B | $1.2B | ||
| Q3 24 | $-1.3B | $928.6M | ||
| Q2 24 | $-3.9B | $932.9M |
自由现金流BACP
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $537.3M | ||
| Q3 25 | $238.0M | $302.2M | ||
| Q2 25 | $-200.0M | $446.8M | ||
| Q1 25 | $-2.3B | $324.9M | ||
| Q4 24 | $-4.1B | $702.3M | ||
| Q3 24 | $-2.0B | $382.5M | ||
| Q2 24 | $-4.3B | $343.1M |
自由现金流率BACP
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 18.9% | ||
| Q3 25 | 1.0% | 11.4% | ||
| Q2 25 | -0.9% | 16.7% | ||
| Q1 25 | -11.7% | 11.8% | ||
| Q4 24 | -26.9% | 25.0% | ||
| Q3 24 | -11.0% | 15.0% | ||
| Q2 24 | -25.7% | 13.1% |
资本支出强度BACP
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 20.2% | ||
| Q3 25 | 3.8% | 23.7% | ||
| Q2 25 | 1.9% | 20.2% | ||
| Q1 25 | 3.5% | 18.9% | ||
| Q4 24 | 4.3% | 19.3% | ||
| Q3 24 | 3.4% | 21.4% | ||
| Q2 24 | 2.4% | 22.6% |
现金转化率BACP
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 1.42× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | — | 1.41× |
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% |
CP
暂无分部数据
