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波音（BA）与特斯拉（TSLA）财务数据对比。点击上方公司名可切换其他公司
特斯拉的季度营收约是波音的1.0倍（$22.4B vs $22.2B），特斯拉净利率更高（2.1% vs -0.0%，领先2.2%），特斯拉同比增速更快（16.0% vs 14.0%），特斯拉自由现金流更多（$1.4B vs $-1.5B），过去两年波音的营收复合增速更高（14.8% vs -6.3%）
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。
特斯拉是总部位于美国得克萨斯州奥斯汀的跨国汽车与清洁能源企业，主营业务包括纯电动汽车、家用到电网级固定式储能电池、太阳能板及太阳能屋顶瓦的设计、生产与销售，同时提供相关配套产品与服务，致力于推动全球能源向可持续方向转型。
BA vs TSLA — 直观对比
营收规模更大
TSLA
是对方的1.0倍
$22.2B
营收增速更快
TSLA
高出2.0%
14.0%
净利率更高
TSLA
高出2.2%
-0.0%
自由现金流更多
TSLA
多$2.9B
$-1.5B
两年增速更快
BA
近两年复合增速
-6.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $22.4B |
| 净利润 | $-7.0M | $477.0M |
| 毛利率 | — | 21.1% |
| 营业利润率 | 2.0% | 4.2% |
| 净利率 | -0.0% | 2.1% |
| 营收同比 | 14.0% | 16.0% |
| 净利润同比 | 77.4% | 17.0% |
| 每股收益（稀释后） | $-0.11 | $0.13 |
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BATSLA
| Q1 26 | $22.2B | $22.4B | ||
| Q4 25 | $23.9B | $24.9B | ||
| Q3 25 | $23.3B | $28.1B | ||
| Q2 25 | $22.7B | $22.5B | ||
| Q1 25 | $19.5B | $19.3B | ||
| Q4 24 | $15.2B | $25.7B | ||
| Q3 24 | $17.8B | $25.2B | ||
| Q2 24 | $16.9B | $25.5B |
净利润BATSLA
| Q1 26 | $-7.0M | $477.0M | ||
| Q4 25 | $8.2B | $840.0M | ||
| Q3 25 | $-5.3B | $1.4B | ||
| Q2 25 | $-611.0M | $1.2B | ||
| Q1 25 | $-37.0M | $409.0M | ||
| Q4 24 | $-3.9B | $2.3B | ||
| Q3 24 | $-6.2B | $2.2B | ||
| Q2 24 | $-1.4B | $1.5B |
毛利率BATSLA
| Q1 26 | — | 21.1% | ||
| Q4 25 | 7.6% | 20.1% | ||
| Q3 25 | -10.2% | 18.0% | ||
| Q2 25 | 10.7% | 17.2% | ||
| Q1 25 | 12.4% | 16.3% | ||
| Q4 24 | -10.4% | 16.3% | ||
| Q3 24 | -19.7% | 19.8% | ||
| Q2 24 | 7.3% | 18.0% |
营业利润率BATSLA
| Q1 26 | 2.0% | 4.2% | ||
| Q4 25 | 36.7% | 5.7% | ||
| Q3 25 | -20.5% | 5.8% | ||
| Q2 25 | -0.8% | 4.1% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | -24.7% | 6.2% | ||
| Q3 24 | -32.3% | 10.8% | ||
| Q2 24 | -6.5% | 6.3% |
净利率BATSLA
| Q1 26 | -0.0% | 2.1% | ||
| Q4 25 | 34.3% | 3.4% | ||
| Q3 25 | -22.9% | 4.9% | ||
| Q2 25 | -2.7% | 5.2% | ||
| Q1 25 | -0.2% | 2.1% | ||
| Q4 24 | -25.4% | 9.0% | ||
| Q3 24 | -34.6% | 8.6% | ||
| Q2 24 | -8.5% | 5.8% |
每股收益（稀释后）BATSLA
| Q1 26 | $-0.11 | $0.13 | ||
| Q4 25 | $10.70 | $0.24 | ||
| Q3 25 | $-7.14 | $0.39 | ||
| Q2 25 | $-0.92 | $0.33 | ||
| Q1 25 | $-0.16 | $0.12 | ||
| Q4 24 | $-5.50 | $0.66 | ||
| Q3 24 | $-9.97 | $0.62 | ||
| Q2 24 | $-2.33 | $0.42 |
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 | $81.7B |
| 总债务越低越好 | $44.4B | $7.5B |
| 股东权益账面价值 | $6.0B | $74.7B |
| 总资产 | $164.8B | $125.1B |
| 负债/权益比越低杠杆越低 | 7.41× | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资BATSLA
| Q1 26 | $9.4B | $81.7B | ||
| Q4 25 | $29.4B | $44.1B | ||
| Q3 25 | $23.0B | $41.6B | ||
| Q2 25 | $23.0B | $36.8B | ||
| Q1 25 | $23.7B | $37.0B | ||
| Q4 24 | $26.3B | $36.6B | ||
| Q3 24 | $10.5B | $33.6B | ||
| Q2 24 | $12.6B | $30.7B |
总债务BATSLA
| Q1 26 | $44.4B | $7.5B | ||
| Q4 25 | $45.6B | $6.6B | ||
| Q3 25 | $44.6B | $5.6B | ||
| Q2 25 | $44.6B | $5.0B | ||
| Q1 25 | $45.7B | $5.1B | ||
| Q4 24 | $52.6B | $5.5B | ||
| Q3 24 | $53.2B | $5.3B | ||
| Q2 24 | $53.2B | $5.3B |
股东权益BATSLA
| Q1 26 | $6.0B | $74.7B | ||
| Q4 25 | $5.5B | $82.1B | ||
| Q3 25 | $-8.3B | $80.0B | ||
| Q2 25 | $-3.3B | $77.3B | ||
| Q1 25 | $-3.3B | $74.7B | ||
| Q4 24 | $-3.9B | $72.9B | ||
| Q3 24 | $-23.6B | $69.9B | ||
| Q2 24 | $-18.0B | $66.5B |
总资产BATSLA
| Q1 26 | $164.8B | $125.1B | ||
| Q4 25 | $168.2B | $137.8B | ||
| Q3 25 | $150.0B | $133.7B | ||
| Q2 25 | $155.1B | $128.6B | ||
| Q1 25 | $156.5B | $125.1B | ||
| Q4 24 | $156.4B | $122.1B | ||
| Q3 24 | $137.7B | $119.9B | ||
| Q2 24 | $142.7B | $112.8B |
负债/权益比BATSLA
| Q1 26 | 7.41× | 0.10× | ||
| Q4 25 | 8.37× | 0.08× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | — | $3.9B |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $1.4B |
| 自由现金流率自由现金流/营收 | -6.5% | 6.5% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | — | 8.25× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $7.0B |
8季度趋势，按日历期对齐
经营现金流BATSLA
| Q1 26 | — | $3.9B | ||
| Q4 25 | $1.3B | $3.8B | ||
| Q3 25 | $1.1B | $6.2B | ||
| Q2 25 | $227.0M | $2.5B | ||
| Q1 25 | $-1.6B | $2.2B | ||
| Q4 24 | $-3.5B | $4.8B | ||
| Q3 24 | $-1.3B | $6.3B | ||
| Q2 24 | $-3.9B | $3.6B |
自由现金流BATSLA
| Q1 26 | $-1.5B | $1.4B | ||
| Q4 25 | $375.0M | $1.4B | ||
| Q3 25 | $238.0M | $4.0B | ||
| Q2 25 | $-200.0M | $146.0M | ||
| Q1 25 | $-2.3B | $664.0M | ||
| Q4 24 | $-4.1B | $2.0B | ||
| Q3 24 | $-2.0B | $2.7B | ||
| Q2 24 | $-4.3B | $1.3B |
自由现金流率BATSLA
| Q1 26 | -6.5% | 6.5% | ||
| Q4 25 | 1.6% | 5.7% | ||
| Q3 25 | 1.0% | 14.2% | ||
| Q2 25 | -0.9% | 0.6% | ||
| Q1 25 | -11.7% | 3.4% | ||
| Q4 24 | -26.9% | 7.9% | ||
| Q3 24 | -11.0% | 10.9% | ||
| Q2 24 | -25.7% | 5.3% |
资本支出强度BATSLA
| Q1 26 | — | 11.1% | ||
| Q4 25 | 4.0% | 9.6% | ||
| Q3 25 | 3.8% | 8.0% | ||
| Q2 25 | 1.9% | 10.6% | ||
| Q1 25 | 3.5% | 7.7% | ||
| Q4 24 | 4.3% | 10.8% | ||
| Q3 24 | 3.4% | 14.0% | ||
| Q2 24 | 2.4% | 8.9% |
现金转化率BATSLA
| Q1 26 | — | 8.25× | ||
| Q4 25 | 0.16× | 4.54× | ||
| Q3 25 | — | 4.54× | ||
| Q2 25 | — | 2.17× | ||
| Q1 25 | — | 5.27× | ||
| Q4 24 | — | 2.08× | ||
| Q3 24 | — | 2.89× | ||
| Q2 24 | — | 2.44× |
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% |
TSLA
| Automotive Sales | $15.5B | 69% |
| Services & Other | $3.7B | 17% |
| Energy Generation And Storage | $2.4B | 11% |
| Automotive Leasing | $381.0M | 2% |
| Automotive Regulatory Credits | $380.0M | 2% |
