vs
波音（BA）与可口可乐公司（KO）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可口可乐公司的1.9倍（$22.2B vs $11.8B），可口可乐公司净利率更高（19.2% vs -0.0%，领先19.2%），波音同比增速更快（14.0% vs 2.4%），可口可乐公司自由现金流更多（$2.9B vs $-1.5B），过去两年波音的营收复合增速更高（14.8% vs 2.3%）
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。
可口可乐公司是1892年成立的美国跨国企业，总部位于佐治亚州亚特兰大。公司主营含可口可乐在内的软饮、各类非酒精饮料浓缩液、糖浆及酒精饮料的生产、销售与营销，股票在纽交所上市，是道琼斯工业平均指数、标普500及标普100指数成分股。
BA vs KO — 直观对比
营收规模更大
BA
是对方的1.9倍
$11.8B
营收增速更快
BA
高出11.6%
2.4%
净利率更高
KO
高出19.2%
-0.0%
自由现金流更多
KO
多$4.3B
$-1.5B
两年增速更快
BA
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $11.8B |
| 净利润 | $-7.0M | $2.3B |
| 毛利率 | — | 60.0% |
| 营业利润率 | 2.0% | 15.6% |
| 净利率 | -0.0% | 19.2% |
| 营收同比 | 14.0% | 2.4% |
| 净利润同比 | 77.4% | 3.5% |
| 每股收益（稀释后） | $-0.11 | $0.53 |
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BAKO
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $11.8B | ||
| Q3 25 | $23.3B | $12.5B | ||
| Q2 25 | $22.7B | $12.5B | ||
| Q1 25 | $19.5B | $11.1B | ||
| Q4 24 | $15.2B | $11.5B | ||
| Q3 24 | $17.8B | $11.9B | ||
| Q2 24 | $16.9B | $12.4B |
净利润BAKO
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $2.3B | ||
| Q3 25 | $-5.3B | $3.7B | ||
| Q2 25 | $-611.0M | $3.8B | ||
| Q1 25 | $-37.0M | $3.3B | ||
| Q4 24 | $-3.9B | $2.2B | ||
| Q3 24 | $-6.2B | $2.8B | ||
| Q2 24 | $-1.4B | $2.4B |
毛利率BAKO
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 60.0% | ||
| Q3 25 | -10.2% | 61.5% | ||
| Q2 25 | 10.7% | 62.4% | ||
| Q1 25 | 12.4% | 62.6% | ||
| Q4 24 | -10.4% | 60.0% | ||
| Q3 24 | -19.7% | 60.7% | ||
| Q2 24 | 7.3% | 61.1% |
营业利润率BAKO
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 15.6% | ||
| Q3 25 | -20.5% | 32.0% | ||
| Q2 25 | -0.8% | 34.1% | ||
| Q1 25 | 2.4% | 32.9% | ||
| Q4 24 | -24.7% | 23.5% | ||
| Q3 24 | -32.3% | 21.2% | ||
| Q2 24 | -6.5% | 21.3% |
净利率BAKO
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 19.2% | ||
| Q3 25 | -22.9% | 29.7% | ||
| Q2 25 | -2.7% | 30.4% | ||
| Q1 25 | -0.2% | 29.9% | ||
| Q4 24 | -25.4% | 19.0% | ||
| Q3 24 | -34.6% | 24.0% | ||
| Q2 24 | -8.5% | 19.5% |
每股收益（稀释后）BAKO
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $0.53 | ||
| Q3 25 | $-7.14 | $0.86 | ||
| Q2 25 | $-0.92 | $0.88 | ||
| Q1 25 | $-0.16 | $0.77 | ||
| Q4 24 | $-5.50 | $0.50 | ||
| Q3 24 | $-9.97 | $0.66 | ||
| Q2 24 | $-2.33 | $0.56 |
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 | $10.3B |
| 总债务越低越好 | $44.4B | $42.1B |
| 股东权益账面价值 | $6.0B | $32.2B |
| 总资产 | $164.8B | $104.8B |
| 负债/权益比越低杠杆越低 | 7.41× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资BAKO
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $10.3B | ||
| Q3 25 | $23.0B | $12.7B | ||
| Q2 25 | $23.0B | $9.6B | ||
| Q1 25 | $23.7B | $8.4B | ||
| Q4 24 | $26.3B | $10.8B | ||
| Q3 24 | $10.5B | $13.9B | ||
| Q2 24 | $12.6B | $13.7B |
总债务BAKO
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $42.1B | ||
| Q3 25 | $44.6B | $43.2B | ||
| Q2 25 | $44.6B | $45.0B | ||
| Q1 25 | $45.7B | $43.5B | ||
| Q4 24 | $52.6B | $42.4B | ||
| Q3 24 | $53.2B | $43.0B | ||
| Q2 24 | $53.2B | $38.1B |
股东权益BAKO
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $32.2B | ||
| Q3 25 | $-8.3B | $31.2B | ||
| Q2 25 | $-3.3B | $28.6B | ||
| Q1 25 | $-3.3B | $26.2B | ||
| Q4 24 | $-3.9B | $24.9B | ||
| Q3 24 | $-23.6B | $26.5B | ||
| Q2 24 | $-18.0B | $25.9B |
总资产BAKO
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $104.8B | ||
| Q3 25 | $150.0B | $106.0B | ||
| Q2 25 | $155.1B | $104.3B | ||
| Q1 25 | $156.5B | $101.7B | ||
| Q4 24 | $156.4B | $100.5B | ||
| Q3 24 | $137.7B | $106.3B | ||
| Q2 24 | $142.7B | $101.2B |
负债/权益比BAKO
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 1.31× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.47× |
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 | — | $3.8B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $2.9B |
| 自由现金流率自由现金流/营收 | -6.5% | 24.3% |
| 资本支出强度资本支出/营收 | — | 7.5% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $5.3B |
8季度趋势，按日历期对齐
经营现金流BAKO
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $3.8B | ||
| Q3 25 | $1.1B | $5.0B | ||
| Q2 25 | $227.0M | $3.8B | ||
| Q1 25 | $-1.6B | $-5.2B | ||
| Q4 24 | $-3.5B | $4.0B | ||
| Q3 24 | $-1.3B | $-1.3B | ||
| Q2 24 | $-3.9B | $3.6B |
自由现金流BAKO
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $2.9B | ||
| Q3 25 | $238.0M | $4.6B | ||
| Q2 25 | $-200.0M | $3.4B | ||
| Q1 25 | $-2.3B | $-5.5B | ||
| Q4 24 | $-4.1B | $3.1B | ||
| Q3 24 | $-2.0B | $-1.7B | ||
| Q2 24 | $-4.3B | $3.2B |
自由现金流率BAKO
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 24.3% | ||
| Q3 25 | 1.0% | 36.6% | ||
| Q2 25 | -0.9% | 26.9% | ||
| Q1 25 | -11.7% | -49.5% | ||
| Q4 24 | -26.9% | 27.3% | ||
| Q3 24 | -11.0% | -14.6% | ||
| Q2 24 | -25.7% | 25.6% |
资本支出强度BAKO
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 7.5% | ||
| Q3 25 | 3.8% | 3.8% | ||
| Q2 25 | 1.9% | 3.5% | ||
| Q1 25 | 3.5% | 2.8% | ||
| Q4 24 | 4.3% | 7.0% | ||
| Q3 24 | 3.4% | 4.0% | ||
| Q2 24 | 2.4% | 3.4% |
现金转化率BAKO
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | -1.56× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 1.49× |
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
