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波音（BA）与弗雷斯特研究公司（FORR）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弗雷斯特研究公司的219.8倍（$22.2B vs $101.1M）。波音净利率更高（-0.0% vs -33.5%，领先33.5%）。波音同比增速更快（14.0% vs -6.5%）。弗雷斯特研究公司自由现金流更多（$-4.3M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 0.5%）
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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
BA vs FORR — 直观对比
营收规模更大
BA
是对方的219.8倍
$101.1M
营收增速更快
BA
高出20.5%
-6.5%
净利率更高
BA
高出33.5%
-33.5%
自由现金流更多
FORR
多$1.4B
$-1.5B
两年增速更快
BA
近两年复合增速
0.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $101.1M |
| 净利润 | $-7.0M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 2.0% | -36.6% |
| 净利率 | -0.0% | -33.5% |
| 营收同比 | 14.0% | -6.5% |
| 净利润同比 | 77.4% | -7941.4% |
| 每股收益（稀释后） | $-0.11 | $-1.75 |
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BAFORR
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $101.1M | ||
| Q3 25 | $23.3B | $94.3M | ||
| Q2 25 | $22.7B | $111.7M | ||
| Q1 25 | $19.5B | $89.9M | ||
| Q4 24 | $15.2B | $108.0M | ||
| Q3 24 | $17.8B | $102.5M | ||
| Q2 24 | $16.9B | $121.8M |
净利润BAFORR
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $-33.9M | ||
| Q3 25 | $-5.3B | $-2.1M | ||
| Q2 25 | $-611.0M | $3.9M | ||
| Q1 25 | $-37.0M | $-87.3M | ||
| Q4 24 | $-3.9B | $432.0K | ||
| Q3 24 | $-6.2B | $-5.8M | ||
| Q2 24 | $-1.4B | $6.3M |
毛利率BAFORR
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 56.7% | ||
| Q3 25 | -10.2% | 60.0% | ||
| Q2 25 | 10.7% | 55.5% | ||
| Q1 25 | 12.4% | 55.9% | ||
| Q4 24 | -10.4% | 58.8% | ||
| Q3 24 | -19.7% | 60.5% | ||
| Q2 24 | 7.3% | 57.3% |
营业利润率BAFORR
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | -36.6% | ||
| Q3 25 | -20.5% | 4.7% | ||
| Q2 25 | -0.8% | 6.2% | ||
| Q1 25 | 2.4% | -97.5% | ||
| Q4 24 | -24.7% | -0.5% | ||
| Q3 24 | -32.3% | -0.7% | ||
| Q2 24 | -6.5% | 9.3% |
净利率BAFORR
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | -33.5% | ||
| Q3 25 | -22.9% | -2.3% | ||
| Q2 25 | -2.7% | 3.5% | ||
| Q1 25 | -0.2% | -97.1% | ||
| Q4 24 | -25.4% | 0.4% | ||
| Q3 24 | -34.6% | -5.7% | ||
| Q2 24 | -8.5% | 5.2% |
每股收益（稀释后）BAFORR
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $-1.75 | ||
| Q3 25 | $-7.14 | $-0.11 | ||
| Q2 25 | $-0.92 | $0.20 | ||
| Q1 25 | $-0.16 | $-4.62 | ||
| Q4 24 | $-5.50 | $0.02 | ||
| Q3 24 | $-9.97 | $-0.30 | ||
| Q2 24 | $-2.33 | $0.33 |
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 | $63.3M |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | $126.5M |
| 总资产 | $164.8B | $404.0M |
| 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BAFORR
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $63.3M | ||
| Q3 25 | $23.0B | $65.1M | ||
| Q2 25 | $23.0B | $67.8M | ||
| Q1 25 | $23.7B | $75.6M | ||
| Q4 24 | $26.3B | $56.1M | ||
| Q3 24 | $10.5B | $62.8M | ||
| Q2 24 | $12.6B | $58.9M |
总债务BAFORR
| 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BAFORR
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $126.5M | ||
| Q3 25 | $-8.3B | $157.7M | ||
| Q2 25 | $-3.3B | $159.5M | ||
| Q1 25 | $-3.3B | $147.4M | ||
| Q4 24 | $-3.9B | $229.5M | ||
| Q3 24 | $-23.6B | $234.3M | ||
| Q2 24 | $-18.0B | $237.1M |
总资产BAFORR
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $404.0M | ||
| Q3 25 | $150.0B | $414.2M | ||
| Q2 25 | $155.1B | $436.0M | ||
| Q1 25 | $156.5B | $439.8M | ||
| Q4 24 | $156.4B | $503.9M | ||
| Q3 24 | $137.7B | $505.3M | ||
| Q2 24 | $142.7B | $524.2M |
负债/权益比BAFORR
| 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 | — | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $-4.3M |
| 自由现金流率自由现金流/营收 | -6.5% | -4.2% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | $18.1M |
8季度趋势，按日历期对齐
经营现金流BAFORR
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $-3.2M | ||
| Q3 25 | $1.1B | $1.2M | ||
| Q2 25 | $227.0M | $-3.6M | ||
| Q1 25 | $-1.6B | $26.7M | ||
| Q4 24 | $-3.5B | $-1.8M | ||
| Q3 24 | $-1.3B | $264.0K | ||
| Q2 24 | $-3.9B | $-2.9M |
自由现金流BAFORR
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $-4.3M | ||
| Q3 25 | $238.0M | $524.0K | ||
| Q2 25 | $-200.0M | $-4.2M | ||
| Q1 25 | $-2.3B | $26.1M | ||
| Q4 24 | $-4.1B | $-2.5M | ||
| Q3 24 | $-2.0B | $-223.0K | ||
| Q2 24 | $-4.3B | $-3.7M |
自由现金流率BAFORR
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | -4.2% | ||
| Q3 25 | 1.0% | 0.6% | ||
| Q2 25 | -0.9% | -3.8% | ||
| Q1 25 | -11.7% | 29.0% | ||
| Q4 24 | -26.9% | -2.3% | ||
| Q3 24 | -11.0% | -0.2% | ||
| Q2 24 | -25.7% | -3.1% |
资本支出强度BAFORR
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.1% | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 1.9% | 0.5% | ||
| Q1 25 | 3.5% | 0.7% | ||
| Q4 24 | 4.3% | 0.6% | ||
| Q3 24 | 3.4% | 0.5% | ||
| Q2 24 | 2.4% | 0.7% |
现金转化率BAFORR
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× |
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% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
