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波音（BA）与台积电（TSM）财务数据对比。点击上方公司名可切换其他公司
台积电的季度营收约是波音的1.6倍（$35.5B vs $22.2B），台积电净利率更高（50.5% vs -0.0%，领先50.5%）
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。
台积电是全球规模最大的专业独立半导体晶圆代工厂，总部位于中国台湾新竹，主要为无晶圆厂客户代工生产先进逻辑芯片，服务客户包括苹果、英伟达、AMD、高通和博通等，在3纳米、5纳米、7纳米等先进制程节点领域处于行业领先地位。
BA vs TSM — 直观对比
营收规模更大
TSM
是对方的1.6倍
$22.2B
净利率更高
TSM
高出50.5%
-0.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $35.5B |
| 净利润 | $-7.0M | $17.9B |
| 毛利率 | — | 66.2% |
| 营业利润率 | 2.0% | 58.0% |
| 净利率 | -0.0% | 50.5% |
| 营收同比 | 14.0% | — |
| 净利润同比 | 77.4% | — |
| 每股收益（稀释后） | $-0.11 | $111.55 |
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BATSM
| Q1 26 | $22.2B | $35.5B | ||
| Q4 25 | $23.9B | $32.7B | ||
| Q3 25 | $23.3B | $30.7B | ||
| Q2 25 | $22.7B | $28.9B | ||
| Q1 25 | $19.5B | $26.0B | ||
| Q4 24 | $15.2B | $88.3B | ||
| Q3 24 | $17.8B | — | ||
| Q2 24 | $16.9B | — |
净利润BATSM
| Q1 26 | $-7.0M | $17.9B | ||
| Q4 25 | $8.2B | $15.8B | ||
| Q3 25 | $-5.3B | $14.0B | ||
| Q2 25 | $-611.0M | $12.3B | ||
| Q1 25 | $-37.0M | $11.2B | ||
| Q4 24 | $-3.9B | $35.3B | ||
| Q3 24 | $-6.2B | — | ||
| Q2 24 | $-1.4B | — |
毛利率BATSM
| Q1 26 | — | 66.2% | ||
| Q4 25 | 7.6% | 62.3% | ||
| Q3 25 | -10.2% | 59.5% | ||
| Q2 25 | 10.7% | 58.6% | ||
| Q1 25 | 12.4% | 58.8% | ||
| Q4 24 | -10.4% | 56.1% | ||
| Q3 24 | -19.7% | — | ||
| Q2 24 | 7.3% | — |
营业利润率BATSM
| Q1 26 | 2.0% | 58.0% | ||
| Q4 25 | 36.7% | 53.9% | ||
| Q3 25 | -20.5% | 50.6% | ||
| Q2 25 | -0.8% | 49.6% | ||
| Q1 25 | 2.4% | 48.5% | ||
| Q4 24 | -24.7% | 45.7% | ||
| Q3 24 | -32.3% | — | ||
| Q2 24 | -6.5% | — |
净利率BATSM
| Q1 26 | -0.0% | 50.5% | ||
| Q4 25 | 34.3% | 48.3% | ||
| Q3 25 | -22.9% | 45.7% | ||
| Q2 25 | -2.7% | 42.7% | ||
| Q1 25 | -0.2% | 43.1% | ||
| Q4 24 | -25.4% | 40.0% | ||
| Q3 24 | -34.6% | — | ||
| Q2 24 | -8.5% | — |
每股收益（稀释后）BATSM
| Q1 26 | $-0.11 | $111.55 | ||
| Q4 25 | $10.70 | $98.45 | ||
| Q3 25 | $-7.14 | $87.20 | ||
| Q2 25 | $-0.92 | $76.80 | ||
| Q1 25 | $-0.16 | $69.70 | ||
| Q4 24 | $-5.50 | $1.36 | ||
| Q3 24 | $-9.97 | — | ||
| Q2 24 | $-2.33 | — |
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 | — |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | — |
| 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BATSM
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | — | ||
| Q3 25 | $23.0B | — | ||
| Q2 25 | $23.0B | — | ||
| Q1 25 | $23.7B | — | ||
| Q4 24 | $26.3B | $64.9B | ||
| Q3 24 | $10.5B | — | ||
| Q2 24 | $12.6B | — |
总债务BATSM
| 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 | — | ||
| Q2 24 | $53.2B | — |
股东权益BATSM
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | — | ||
| Q3 25 | $-8.3B | — | ||
| Q2 25 | $-3.3B | — | ||
| Q1 25 | $-3.3B | — | ||
| Q4 24 | $-3.9B | $130.5B | ||
| Q3 24 | $-23.6B | — | ||
| Q2 24 | $-18.0B | — |
总资产BATSM
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | — | ||
| Q3 25 | $150.0B | — | ||
| Q2 25 | $155.1B | — | ||
| Q1 25 | $156.5B | — | ||
| Q4 24 | $156.4B | $204.1B | ||
| Q3 24 | $137.7B | — | ||
| Q2 24 | $142.7B | — |
负债/权益比BATSM
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | — | — |
| 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 | — | — |
| 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BATSM
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $227.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-3.5B | $55.7B | ||
| Q3 24 | $-1.3B | — | ||
| Q2 24 | $-3.9B | — |
自由现金流BATSM
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | — | ||
| Q3 25 | $238.0M | — | ||
| Q2 25 | $-200.0M | — | ||
| Q1 25 | $-2.3B | — | ||
| Q4 24 | $-4.1B | $26.5B | ||
| Q3 24 | $-2.0B | — | ||
| Q2 24 | $-4.3B | — |
自由现金流率BATSM
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -11.7% | — | ||
| Q4 24 | -26.9% | 30.1% | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -25.7% | — |
资本支出强度BATSM
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.3% | 33.0% | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 2.4% | — |
现金转化率BATSM
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.58× | ||
| 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% |
TSM
暂无分部数据
