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波音（BA）与摩根士丹利（MS）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摩根士丹利的1.2倍（$22.2B vs $17.9B），摩根士丹利净利率更高（24.6% vs -0.0%，领先24.6%）
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。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
BA vs MS — 直观对比
营收规模更大
BA
是对方的1.2倍
$17.9B
净利率更高
MS
高出24.6%
-0.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $17.9B |
| 净利润 | $-7.0M | $4.4B |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 32.2% |
| 净利率 | -0.0% | 24.6% |
| 营收同比 | 14.0% | — |
| 净利润同比 | 77.4% | — |
| 每股收益（稀释后） | $-0.11 | $2.68 |
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BAMS
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $17.9B | ||
| Q3 25 | $23.3B | $18.2B | ||
| Q2 25 | $22.7B | $16.8B | ||
| Q1 25 | $19.5B | $17.7B | ||
| Q4 24 | $15.2B | — | ||
| Q3 24 | $17.8B | $15.4B | ||
| Q2 24 | $16.9B | $15.0B |
净利润BAMS
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $4.4B | ||
| Q3 25 | $-5.3B | $4.6B | ||
| Q2 25 | $-611.0M | $3.5B | ||
| Q1 25 | $-37.0M | $4.3B | ||
| Q4 24 | $-3.9B | — | ||
| Q3 24 | $-6.2B | $3.2B | ||
| Q2 24 | $-1.4B | $3.1B |
毛利率BAMS
| 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BAMS
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 32.2% | ||
| Q3 25 | -20.5% | 33.1% | ||
| Q2 25 | -0.8% | 27.5% | ||
| Q1 25 | 2.4% | 31.3% | ||
| Q4 24 | -24.7% | — | ||
| Q3 24 | -32.3% | 27.4% | ||
| Q2 24 | -6.5% | 27.1% |
净利率BAMS
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 24.6% | ||
| Q3 25 | -22.9% | 25.3% | ||
| Q2 25 | -2.7% | 21.1% | ||
| Q1 25 | -0.2% | 24.3% | ||
| Q4 24 | -25.4% | — | ||
| Q3 24 | -34.6% | 20.7% | ||
| Q2 24 | -8.5% | 20.5% |
每股收益（稀释后）BAMS
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $2.68 | ||
| Q3 25 | $-7.14 | $2.80 | ||
| Q2 25 | $-0.92 | $2.13 | ||
| Q1 25 | $-0.16 | $2.60 | ||
| Q4 24 | $-5.50 | — | ||
| Q3 24 | $-9.97 | $1.88 | ||
| Q2 24 | $-2.33 | $1.82 |
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 | $111.7B |
| 总债务越低越好 | $44.4B | $341.7B |
| 股东权益账面价值 | $6.0B | $111.6B |
| 总资产 | $164.8B | $1420.3B |
| 负债/权益比越低杠杆越低 | 7.41× | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资BAMS
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $111.7B | ||
| Q3 25 | $23.0B | $103.7B | ||
| Q2 25 | $23.0B | $109.1B | ||
| Q1 25 | $23.7B | $90.7B | ||
| Q4 24 | $26.3B | — | ||
| Q3 24 | $10.5B | $91.1B | ||
| Q2 24 | $12.6B | $90.2B |
总债务BAMS
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $341.7B | ||
| Q3 25 | $44.6B | $324.1B | ||
| Q2 25 | $44.6B | $320.1B | ||
| Q1 25 | $45.7B | $297.0B | ||
| Q4 24 | $52.6B | — | ||
| Q3 24 | $53.2B | $291.2B | ||
| Q2 24 | $53.2B | $269.9B |
股东权益BAMS
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $111.6B | ||
| Q3 25 | $-8.3B | $110.0B | ||
| Q2 25 | $-3.3B | $108.2B | ||
| Q1 25 | $-3.3B | $106.8B | ||
| Q4 24 | $-3.9B | — | ||
| Q3 24 | $-23.6B | $103.6B | ||
| Q2 24 | $-18.0B | $100.7B |
总资产BAMS
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $1420.3B | ||
| Q3 25 | $150.0B | $1364.8B | ||
| Q2 25 | $155.1B | $1353.9B | ||
| Q1 25 | $156.5B | $1300.3B | ||
| Q4 24 | $156.4B | — | ||
| Q3 24 | $137.7B | $1258.0B | ||
| Q2 24 | $142.7B | $1212.4B |
负债/权益比BAMS
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× |
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 | — | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | — |
| 自由现金流率自由现金流/营收 | -6.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -0.55× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | — |
8季度趋势，按日历期对齐
经营现金流BAMS
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $-2.4B | ||
| Q3 25 | $1.1B | $-3.3B | ||
| Q2 25 | $227.0M | $11.8B | ||
| Q1 25 | $-1.6B | $-24.0B | ||
| Q4 24 | $-3.5B | — | ||
| Q3 24 | $-1.3B | — | ||
| Q2 24 | $-3.9B | — |
自由现金流BAMS
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | — | ||
| Q3 25 | $238.0M | — | ||
| Q2 25 | $-200.0M | — | ||
| Q1 25 | $-2.3B | — | ||
| Q4 24 | $-4.1B | — | ||
| Q3 24 | $-2.0B | — | ||
| Q2 24 | $-4.3B | — |
自由现金流率BAMS
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -11.7% | — | ||
| Q4 24 | -26.9% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -25.7% | — |
资本支出强度BAMS
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 2.4% | — |
现金转化率BAMS
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | -0.55× | ||
| Q3 25 | — | -0.72× | ||
| Q2 25 | — | 3.34× | ||
| Q1 25 | — | -5.56× | ||
| 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% |
MS
暂无分部数据
