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波音（BA）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的154.8倍（$22.2B vs $143.5M）。波音净利率更高（-0.0% vs -68.1%，领先68.1%）。FTAI Infrastructure Inc.同比增速更快（77.7% vs 14.0%）。FTAI Infrastructure Inc.自由现金流更多（$-68.6M vs $-1.5B）。过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 14.8%）
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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
BA vs FIP — 直观对比
营收规模更大
BA
是对方的154.8倍
$143.5M
营收增速更快
FIP
高出63.7%
14.0%
净利率更高
BA
高出68.1%
-68.1%
自由现金流更多
FIP
多$1.4B
$-1.5B
两年增速更快
FIP
近两年复合增速
14.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $143.5M |
| 净利润 | $-7.0M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | -45.7% |
| 净利率 | -0.0% | -68.1% |
| 营收同比 | 14.0% | 77.7% |
| 净利润同比 | 77.4% | 21.6% |
| 每股收益（稀释后） | $-0.11 | $-1.04 |
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BAFIP
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $143.5M | ||
| Q3 25 | $23.3B | $140.6M | ||
| Q2 25 | $22.7B | $122.3M | ||
| Q1 25 | $19.5B | $96.2M | ||
| Q4 24 | $15.2B | $80.8M | ||
| Q3 24 | $17.8B | $83.3M | ||
| Q2 24 | $16.9B | $84.9M |
净利润BAFIP
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $-97.7M | ||
| Q3 25 | $-5.3B | $-104.5M | ||
| Q2 25 | $-611.0M | $-70.0M | ||
| Q1 25 | $-37.0M | $120.2M | ||
| Q4 24 | $-3.9B | $-124.7M | ||
| Q3 24 | $-6.2B | $-43.0M | ||
| Q2 24 | $-1.4B | $-48.1M |
毛利率BAFIP
| 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BAFIP
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | -45.7% | ||
| Q3 25 | -20.5% | -70.8% | ||
| Q2 25 | -0.8% | -56.4% | ||
| Q1 25 | 2.4% | 81.8% | ||
| Q4 24 | -24.7% | -152.7% | ||
| Q3 24 | -32.3% | -51.7% | ||
| Q2 24 | -6.5% | -56.4% |
净利率BAFIP
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | -68.1% | ||
| Q3 25 | -22.9% | -74.4% | ||
| Q2 25 | -2.7% | -57.2% | ||
| Q1 25 | -0.2% | 125.0% | ||
| Q4 24 | -25.4% | -154.4% | ||
| Q3 24 | -34.6% | -51.6% | ||
| Q2 24 | -8.5% | -56.7% |
每股收益（稀释后）BAFIP
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $-1.04 | ||
| Q3 25 | $-7.14 | $-1.38 | ||
| Q2 25 | $-0.92 | $-0.73 | ||
| Q1 25 | $-0.16 | $0.89 | ||
| Q4 24 | $-5.50 | $-1.21 | ||
| Q3 24 | $-9.97 | $-0.45 | ||
| Q2 24 | $-2.33 | $-0.52 |
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 | $57.4M |
| 总债务越低越好 | $44.4B | $3.8B |
| 股东权益账面价值 | $6.0B | $21.3M |
| 总资产 | $164.8B | $5.7B |
| 负债/权益比越低杠杆越低 | 7.41× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资BAFIP
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $57.4M | ||
| Q3 25 | $23.0B | $34.7M | ||
| Q2 25 | $23.0B | $33.6M | ||
| Q1 25 | $23.7B | $26.3M | ||
| Q4 24 | $26.3B | $27.8M | ||
| Q3 24 | $10.5B | $20.3M | ||
| Q2 24 | $12.6B | $33.1M |
总债务BAFIP
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $3.8B | ||
| Q3 25 | $44.6B | $3.7B | ||
| Q2 25 | $44.6B | $3.1B | ||
| Q1 25 | $45.7B | $2.8B | ||
| Q4 24 | $52.6B | $1.6B | ||
| Q3 24 | $53.2B | $1.5B | ||
| Q2 24 | $53.2B | $1.6B |
股东权益BAFIP
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $21.3M | ||
| Q3 25 | $-8.3B | $181.1M | ||
| Q2 25 | $-3.3B | $375.5M | ||
| Q1 25 | $-3.3B | $476.2M | ||
| Q4 24 | $-3.9B | $202.7M | ||
| Q3 24 | $-23.6B | $370.8M | ||
| Q2 24 | $-18.0B | $394.8M |
总资产BAFIP
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $5.7B | ||
| Q3 25 | $150.0B | $5.5B | ||
| Q2 25 | $155.1B | $4.4B | ||
| Q1 25 | $156.5B | $4.1B | ||
| Q4 24 | $156.4B | $2.4B | ||
| Q3 24 | $137.7B | $2.4B | ||
| Q2 24 | $142.7B | $2.5B |
负债/权益比BAFIP
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
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 | — | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $-68.6M |
| 自由现金流率自由现金流/营收 | -6.5% | -47.8% |
| 资本支出强度资本支出/营收 | — | 45.9% |
| 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 | $-1.0B | $-398.5M |
8季度趋势，按日历期对齐
经营现金流BAFIP
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $-2.8M | ||
| Q3 25 | $1.1B | $-24.4M | ||
| Q2 25 | $227.0M | $-5.2M | ||
| Q1 25 | $-1.6B | $-85.7M | ||
| Q4 24 | $-3.5B | $-8.1M | ||
| Q3 24 | $-1.3B | $14.2M | ||
| Q2 24 | $-3.9B | $-17.6M |
自由现金流BAFIP
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $-68.6M | ||
| Q3 25 | $238.0M | $-90.7M | ||
| Q2 25 | $-200.0M | $-87.5M | ||
| Q1 25 | $-2.3B | $-151.7M | ||
| Q4 24 | $-4.1B | $-34.3M | ||
| Q3 24 | $-2.0B | $-11.7M | ||
| Q2 24 | $-4.3B | $-32.1M |
自由现金流率BAFIP
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | -47.8% | ||
| Q3 25 | 1.0% | -64.5% | ||
| Q2 25 | -0.9% | -71.6% | ||
| Q1 25 | -11.7% | -157.7% | ||
| Q4 24 | -26.9% | -42.4% | ||
| Q3 24 | -11.0% | -14.0% | ||
| Q2 24 | -25.7% | -37.9% |
资本支出强度BAFIP
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 45.9% | ||
| Q3 25 | 3.8% | 47.2% | ||
| Q2 25 | 1.9% | 67.3% | ||
| Q1 25 | 3.5% | 68.6% | ||
| Q4 24 | 4.3% | 32.5% | ||
| Q3 24 | 3.4% | 31.1% | ||
| Q2 24 | 2.4% | 17.2% |
现金转化率BAFIP
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
