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波音（BA）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的7.1倍（$22.2B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs -0.0%，领先3.0%），波音同比增速更快（14.0% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-1.5B），过去两年波音的营收复合增速更高（14.8% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
BA vs R — 直观对比
营收规模更大
BA
是对方的7.1倍
$3.1B
营收增速更快
BA
高出13.0%
1.0%
净利率更高
R
高出3.0%
-0.0%
自由现金流更多
R
多$1.7B
$-1.5B
两年增速更快
BA
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $3.1B |
| 净利润 | $-7.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | — |
| 净利率 | -0.0% | 3.0% |
| 营收同比 | 14.0% | 1.0% |
| 净利润同比 | 77.4% | -5.1% |
| 每股收益（稀释后） | $-0.11 | $2.34 |
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BAR
| Q1 26 | $22.2B | $3.1B | ||
| Q4 25 | $23.9B | $3.2B | ||
| Q3 25 | $23.3B | $3.2B | ||
| Q2 25 | $22.7B | $3.2B | ||
| Q1 25 | $19.5B | $3.1B | ||
| Q4 24 | $15.2B | $3.2B | ||
| Q3 24 | $17.8B | $3.2B | ||
| Q2 24 | $16.9B | $3.2B |
净利润BAR
| Q1 26 | $-7.0M | $93.0M | ||
| Q4 25 | $8.2B | $132.0M | ||
| Q3 25 | $-5.3B | $138.0M | ||
| Q2 25 | $-611.0M | $131.0M | ||
| Q1 25 | $-37.0M | $98.0M | ||
| Q4 24 | $-3.9B | $135.0M | ||
| Q3 24 | $-6.2B | $142.0M | ||
| Q2 24 | $-1.4B | $127.0M |
毛利率BAR
| 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BAR
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 5.6% | ||
| Q3 25 | -20.5% | 6.0% | ||
| Q2 25 | -0.8% | 5.8% | ||
| Q1 25 | 2.4% | 4.3% | ||
| Q4 24 | -24.7% | 5.7% | ||
| Q3 24 | -32.3% | 5.9% | ||
| Q2 24 | -6.5% | 5.6% |
净利率BAR
| Q1 26 | -0.0% | 3.0% | ||
| Q4 25 | 34.3% | 4.2% | ||
| Q3 25 | -22.9% | 4.4% | ||
| Q2 25 | -2.7% | 4.1% | ||
| Q1 25 | -0.2% | 3.1% | ||
| Q4 24 | -25.4% | 4.2% | ||
| Q3 24 | -34.6% | 4.5% | ||
| Q2 24 | -8.5% | 4.0% |
每股收益（稀释后）BAR
| Q1 26 | $-0.11 | $2.34 | ||
| Q4 25 | $10.70 | $3.22 | ||
| Q3 25 | $-7.14 | $3.32 | ||
| Q2 25 | $-0.92 | $3.13 | ||
| Q1 25 | $-0.16 | $2.27 | ||
| Q4 24 | $-5.50 | $3.09 | ||
| Q3 24 | $-9.97 | $3.24 | ||
| Q2 24 | $-2.33 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | $2.9B |
| 总资产 | $164.8B | — |
| 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BAR
| Q1 26 | $9.4B | $182.0M | ||
| Q4 25 | $29.4B | $198.0M | ||
| Q3 25 | $23.0B | $189.0M | ||
| Q2 25 | $23.0B | $180.0M | ||
| Q1 25 | $23.7B | $151.0M | ||
| Q4 24 | $26.3B | $154.0M | ||
| Q3 24 | $10.5B | $162.0M | ||
| Q2 24 | $12.6B | $164.0M |
总债务BAR
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $6.8B | ||
| Q3 25 | $44.6B | $7.3B | ||
| Q2 25 | $44.6B | $7.0B | ||
| Q1 25 | $45.7B | $6.7B | ||
| Q4 24 | $52.6B | $6.7B | ||
| Q3 24 | $53.2B | $6.6B | ||
| Q2 24 | $53.2B | $6.5B |
股东权益BAR
| Q1 26 | $6.0B | $2.9B | ||
| Q4 25 | $5.5B | $3.1B | ||
| Q3 25 | $-8.3B | $3.1B | ||
| Q2 25 | $-3.3B | $3.1B | ||
| Q1 25 | $-3.3B | $3.0B | ||
| Q4 24 | $-3.9B | $3.1B | ||
| Q3 24 | $-23.6B | $3.1B | ||
| Q2 24 | $-18.0B | $3.1B |
总资产BAR
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $16.4B | ||
| Q3 25 | $150.0B | $16.5B | ||
| Q2 25 | $155.1B | $16.5B | ||
| Q1 25 | $156.5B | $16.4B | ||
| Q4 24 | $156.4B | $16.7B | ||
| Q3 24 | $137.7B | $16.5B | ||
| Q2 24 | $142.7B | $16.4B |
负债/权益比BAR
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $273.0M |
| 自由现金流率自由现金流/营收 | -6.5% | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $595.0M |
8季度趋势，按日历期对齐
经营现金流BAR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.3B | $749.0M | ||
| Q3 25 | $1.1B | $442.0M | ||
| Q2 25 | $227.0M | $752.0M | ||
| Q1 25 | $-1.6B | $651.0M | ||
| Q4 24 | $-3.5B | $558.0M | ||
| Q3 24 | $-1.3B | $629.0M | ||
| Q2 24 | $-3.9B | $552.0M |
自由现金流BAR
| Q1 26 | $-1.5B | $273.0M | ||
| Q4 25 | $375.0M | $344.0M | ||
| Q3 25 | $238.0M | $-85.0M | ||
| Q2 25 | $-200.0M | $63.0M | ||
| Q1 25 | $-2.3B | $137.0M | ||
| Q4 24 | $-4.1B | $-201.0M | ||
| Q3 24 | $-2.0B | $30.0M | ||
| Q2 24 | $-4.3B | $-87.0M |
自由现金流率BAR
| Q1 26 | -6.5% | 8.7% | ||
| Q4 25 | 1.6% | 10.8% | ||
| Q3 25 | 1.0% | -2.7% | ||
| Q2 25 | -0.9% | 2.0% | ||
| Q1 25 | -11.7% | 4.4% | ||
| Q4 24 | -26.9% | -6.3% | ||
| Q3 24 | -11.0% | 0.9% | ||
| Q2 24 | -25.7% | -2.7% |
资本支出强度BAR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 4.0% | 12.8% | ||
| Q3 25 | 3.8% | 16.6% | ||
| Q2 25 | 1.9% | 21.6% | ||
| Q1 25 | 3.5% | 16.4% | ||
| Q4 24 | 4.3% | 23.8% | ||
| Q3 24 | 3.4% | 18.9% | ||
| Q2 24 | 2.4% | 20.1% |
现金转化率BAR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 0.16× | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | — | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
