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波音（BA）与甲骨文（ORCL）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甲骨文的1.3倍（$22.2B vs $17.2B），甲骨文净利率更高（21.6% vs -0.0%，领先21.7%），甲骨文同比增速更快（100.0% vs 14.0%），甲骨文自由现金流更多（$11.3B vs $-1.5B），过去两年波音的营收复合增速更高（14.8% vs 9.7%）
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。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
BA vs ORCL — 直观对比
营收规模更大
BA
是对方的1.3倍
$17.2B
营收增速更快
ORCL
高出86.0%
14.0%
净利率更高
ORCL
高出21.7%
-0.0%
自由现金流更多
ORCL
多$12.7B
$-1.5B
两年增速更快
BA
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q3 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $17.2B |
| 净利润 | $-7.0M | $3.7B |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 31.8% |
| 净利率 | -0.0% | 21.6% |
| 营收同比 | 14.0% | 100.0% |
| 净利润同比 | 77.4% | 22.0% |
| 每股收益（稀释后） | $-0.11 | $1.27 |
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BAORCL
| Q4 26 | — | $17.2B | ||
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $16.1B | ||
| Q3 25 | $23.3B | $14.9B | ||
| Q2 25 | $22.7B | $15.9B | ||
| Q1 25 | $19.5B | $14.1B | ||
| Q4 24 | $15.2B | $14.1B | ||
| Q3 24 | $17.8B | $13.3B |
净利润BAORCL
| Q4 26 | — | $3.7B | ||
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $6.1B | ||
| Q3 25 | $-5.3B | $2.9B | ||
| Q2 25 | $-611.0M | $3.4B | ||
| Q1 25 | $-37.0M | $2.9B | ||
| Q4 24 | $-3.9B | $3.2B | ||
| Q3 24 | $-6.2B | $2.9B |
毛利率BAORCL
| Q4 26 | — | — | ||
| 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% | — |
营业利润率BAORCL
| Q4 26 | — | 31.8% | ||
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 29.5% | ||
| Q3 25 | -20.5% | 28.7% | ||
| Q2 25 | -0.8% | 32.1% | ||
| Q1 25 | 2.4% | 30.8% | ||
| Q4 24 | -24.7% | 30.0% | ||
| Q3 24 | -32.3% | 30.0% |
净利率BAORCL
| Q4 26 | — | 21.6% | ||
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 38.2% | ||
| Q3 25 | -22.9% | 19.6% | ||
| Q2 25 | -2.7% | 21.5% | ||
| Q1 25 | -0.2% | 20.8% | ||
| Q4 24 | -25.4% | 22.4% | ||
| Q3 24 | -34.6% | 22.0% |
每股收益（稀释后）BAORCL
| Q4 26 | — | $1.27 | ||
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $2.10 | ||
| Q3 25 | $-7.14 | $1.01 | ||
| Q2 25 | $-0.92 | $1.19 | ||
| Q1 25 | $-0.16 | $1.02 | ||
| Q4 24 | $-5.50 | $1.10 | ||
| Q3 24 | $-9.97 | $1.03 |
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 | $38.5B |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | — |
| 总资产 | $164.8B | $245.2B |
| 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BAORCL
| Q4 26 | — | $38.5B | ||
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $19.2B | ||
| Q3 25 | $23.0B | $10.4B | ||
| Q2 25 | $23.0B | $10.8B | ||
| Q1 25 | $23.7B | $17.4B | ||
| Q4 24 | $26.3B | $10.9B | ||
| Q3 24 | $10.5B | $10.6B |
总债务BAORCL
| Q4 26 | — | — | ||
| 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 | — |
股东权益BAORCL
| Q4 26 | — | — | ||
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $30.0B | ||
| Q3 25 | $-8.3B | $24.2B | ||
| Q2 25 | $-3.3B | $20.5B | ||
| Q1 25 | $-3.3B | $16.7B | ||
| Q4 24 | $-3.9B | $13.7B | ||
| Q3 24 | $-23.6B | $10.8B |
总资产BAORCL
| Q4 26 | — | $245.2B | ||
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $205.0B | ||
| Q3 25 | $150.0B | $180.4B | ||
| Q2 25 | $155.1B | $168.4B | ||
| Q1 25 | $156.5B | $161.4B | ||
| Q4 24 | $156.4B | $148.5B | ||
| Q3 24 | $137.7B | $144.2B |
负债/权益比BAORCL
| Q4 26 | — | — | ||
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 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 | — | $17.4B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $11.3B |
| 自由现金流率自由现金流/营收 | -6.5% | 65.6% |
| 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 | — | 4.66× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $-2.0B |
8季度趋势，按日历期对齐
经营现金流BAORCL
| Q4 26 | — | $17.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.1B | $8.1B | ||
| Q2 25 | $227.0M | $6.2B | ||
| Q1 25 | $-1.6B | $5.9B | ||
| Q4 24 | $-3.5B | $1.3B | ||
| Q3 24 | $-1.3B | $7.4B |
自由现金流BAORCL
| Q4 26 | — | $11.3B | ||
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $-10.0B | ||
| Q3 25 | $238.0M | $-362.0M | ||
| Q2 25 | $-200.0M | $-2.9B | ||
| Q1 25 | $-2.3B | $71.0M | ||
| Q4 24 | $-4.1B | $-2.7B | ||
| Q3 24 | $-2.0B | $5.1B |
自由现金流率BAORCL
| Q4 26 | — | 65.6% | ||
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | -62.1% | ||
| Q3 25 | 1.0% | -2.4% | ||
| Q2 25 | -0.9% | -18.4% | ||
| Q1 25 | -11.7% | 0.5% | ||
| Q4 24 | -26.9% | -19.0% | ||
| Q3 24 | -11.0% | 38.5% |
资本支出强度BAORCL
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 74.9% | ||
| Q3 25 | 3.8% | 57.0% | ||
| Q2 25 | 1.9% | 57.1% | ||
| Q1 25 | 3.5% | 41.5% | ||
| Q4 24 | 4.3% | 28.2% | ||
| Q3 24 | 3.4% | 17.3% |
现金转化率BAORCL
| Q4 26 | — | 4.66× | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 0.34× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | — | 1.80× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 2.54× |
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% |
ORCL
| Cloud | $8.9B | 52% |
| Software | $6.1B | 36% |
| Services | $1.4B | 8% |
| Hardware | $714.0M | 4% |
