vs
波音（BA）与TEREX CORP（TEX）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TEREX CORP的16.9倍（$22.2B vs $1.3B）。TEREX CORP净利率更高（4.8% vs -0.0%，领先4.8%）。波音同比增速更快（14.0% vs 6.2%）。TEREX CORP自由现金流更多（$171.0M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 1.0%）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
BA vs TEX — 直观对比
营收规模更大
BA
是对方的16.9倍
$1.3B
营收增速更快
BA
高出7.8%
6.2%
净利率更高
TEX
高出4.8%
-0.0%
自由现金流更多
TEX
多$1.6B
$-1.5B
两年增速更快
BA
近两年复合增速
1.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $1.3B |
| 净利润 | $-7.0M | $63.0M |
| 毛利率 | — | 18.8% |
| 营业利润率 | 2.0% | 10.4% |
| 净利率 | -0.0% | 4.8% |
| 营收同比 | 14.0% | 6.2% |
| 净利润同比 | 77.4% | 2963.6% |
| 每股收益（稀释后） | $-0.11 | $0.95 |
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BATEX
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $1.3B | ||
| Q3 25 | $23.3B | $1.4B | ||
| Q2 25 | $22.7B | $1.5B | ||
| Q1 25 | $19.5B | $1.2B | ||
| Q4 24 | $15.2B | $1.2B | ||
| Q3 24 | $17.8B | $1.2B | ||
| Q2 24 | $16.9B | $1.4B |
净利润BATEX
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $63.0M | ||
| Q3 25 | $-5.3B | $65.0M | ||
| Q2 25 | $-611.0M | $72.0M | ||
| Q1 25 | $-37.0M | $21.0M | ||
| Q4 24 | $-3.9B | $-2.2M | ||
| Q3 24 | $-6.2B | $88.0M | ||
| Q2 24 | $-1.4B | $140.7M |
毛利率BATEX
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 18.8% | ||
| Q3 25 | -10.2% | 20.3% | ||
| Q2 25 | 10.7% | 19.6% | ||
| Q1 25 | 12.4% | 18.7% | ||
| Q4 24 | -10.4% | 15.9% | ||
| Q3 24 | -19.7% | 20.2% | ||
| Q2 24 | 7.3% | 23.8% |
营业利润率BATEX
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 10.4% | ||
| Q3 25 | -20.5% | 10.1% | ||
| Q2 25 | -0.8% | 8.7% | ||
| Q1 25 | 2.4% | 5.6% | ||
| Q4 24 | -24.7% | 4.2% | ||
| Q3 24 | -32.3% | 10.1% | ||
| Q2 24 | -6.5% | 14.0% |
净利率BATEX
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 4.8% | ||
| Q3 25 | -22.9% | 4.7% | ||
| Q2 25 | -2.7% | 4.8% | ||
| Q1 25 | -0.2% | 1.7% | ||
| Q4 24 | -25.4% | -0.2% | ||
| Q3 24 | -34.6% | 7.3% | ||
| Q2 24 | -8.5% | 10.2% |
每股收益（稀释后）BATEX
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $0.95 | ||
| Q3 25 | $-7.14 | $0.98 | ||
| Q2 25 | $-0.92 | $1.09 | ||
| Q1 25 | $-0.16 | $0.31 | ||
| Q4 24 | $-5.50 | $-0.03 | ||
| Q3 24 | $-9.97 | $1.31 | ||
| Q2 24 | $-2.33 | $2.08 |
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 | $772.0M |
| 总债务越低越好 | $44.4B | $2.6B |
| 股东权益账面价值 | $6.0B | $2.1B |
| 总资产 | $164.8B | $6.1B |
| 负债/权益比越低杠杆越低 | 7.41× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资BATEX
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $772.0M | ||
| Q3 25 | $23.0B | $509.0M | ||
| Q2 25 | $23.0B | $374.0M | ||
| Q1 25 | $23.7B | $298.0M | ||
| Q4 24 | $26.3B | $388.0M | ||
| Q3 24 | $10.5B | $352.0M | ||
| Q2 24 | $12.6B | $319.3M |
总债务BATEX
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $2.6B | ||
| Q3 25 | $44.6B | — | ||
| Q2 25 | $44.6B | — | ||
| Q1 25 | $45.7B | — | ||
| Q4 24 | $52.6B | $2.6B | ||
| Q3 24 | $53.2B | — | ||
| Q2 24 | $53.2B | — |
股东权益BATEX
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $2.1B | ||
| Q3 25 | $-8.3B | $2.0B | ||
| Q2 25 | $-3.3B | $2.0B | ||
| Q1 25 | $-3.3B | $1.8B | ||
| Q4 24 | $-3.9B | $1.8B | ||
| Q3 24 | $-23.6B | $2.0B | ||
| Q2 24 | $-18.0B | $1.8B |
总资产BATEX
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $6.1B | ||
| Q3 25 | $150.0B | $6.2B | ||
| Q2 25 | $155.1B | $6.2B | ||
| Q1 25 | $156.5B | $5.8B | ||
| Q4 24 | $156.4B | $5.7B | ||
| Q3 24 | $137.7B | $3.8B | ||
| Q2 24 | $142.7B | $3.8B |
负债/权益比BATEX
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| 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 | — | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $171.0M |
| 自由现金流率自由现金流/营收 | -6.5% | 13.0% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | — | 3.25× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $322.0M |
8季度趋势，按日历期对齐
经营现金流BATEX
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $205.0M | ||
| Q3 25 | $1.1B | $154.0M | ||
| Q2 25 | $227.0M | $102.0M | ||
| Q1 25 | $-1.6B | $-21.0M | ||
| Q4 24 | $-3.5B | $177.0M | ||
| Q3 24 | $-1.3B | $116.4M | ||
| Q2 24 | $-3.9B | $66.5M |
自由现金流BATEX
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $171.0M | ||
| Q3 25 | $238.0M | $130.0M | ||
| Q2 25 | $-200.0M | $78.0M | ||
| Q1 25 | $-2.3B | $-57.0M | ||
| Q4 24 | $-4.1B | $128.0M | ||
| Q3 24 | $-2.0B | $87.4M | ||
| Q2 24 | $-4.3B | $42.5M |
自由现金流率BATEX
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 13.0% | ||
| Q3 25 | 1.0% | 9.4% | ||
| Q2 25 | -0.9% | 5.2% | ||
| Q1 25 | -11.7% | -4.6% | ||
| Q4 24 | -26.9% | 10.3% | ||
| Q3 24 | -11.0% | 7.2% | ||
| Q2 24 | -25.7% | 3.1% |
资本支出强度BATEX
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 2.6% | ||
| Q3 25 | 3.8% | 1.7% | ||
| Q2 25 | 1.9% | 1.6% | ||
| Q1 25 | 3.5% | 2.9% | ||
| Q4 24 | 4.3% | 3.9% | ||
| Q3 24 | 3.4% | 2.4% | ||
| Q2 24 | 2.4% | 1.7% |
现金转化率BATEX
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 3.25× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 0.47× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
