vs
波音（BA）与UL Solutions Inc.（ULS）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UL Solutions Inc.的28.2倍（$22.2B vs $789.0M）。UL Solutions Inc.净利率更高（8.5% vs -0.0%，领先8.5%）。波音同比增速更快（14.0% vs 6.8%）。UL Solutions Inc.自由现金流更多（$86.0M vs $-1.5B）。过去两年波音的营收复合增速更高（14.8% vs 8.5%）
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。
UL是总部位于美国伊利诺伊州诺斯布鲁克的全球私营安全领域企业，旗下设有三大机构：UL研究院、UL标准与倡议部门以及UL Solutions，为全球各行业客户提供标准制定、检测认证、风险管控等专业安全服务，保障产品与运营的合规性与安全性，助力企业可持续发展。
BA vs ULS — 直观对比
营收规模更大
BA
是对方的28.2倍
$789.0M
营收增速更快
BA
高出7.2%
6.8%
净利率更高
ULS
高出8.5%
-0.0%
自由现金流更多
ULS
多$1.5B
$-1.5B
两年增速更快
BA
近两年复合增速
8.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $789.0M |
| 净利润 | $-7.0M | $67.0M |
| 毛利率 | — | 49.7% |
| 营业利润率 | 2.0% | 15.0% |
| 净利率 | -0.0% | 8.5% |
| 营收同比 | 14.0% | 6.8% |
| 净利润同比 | 77.4% | -17.3% |
| 每股收益（稀释后） | $-0.11 | $0.33 |
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BAULS
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $789.0M | ||
| Q3 25 | $23.3B | $783.0M | ||
| Q2 25 | $22.7B | $776.0M | ||
| Q1 25 | $19.5B | $705.0M | ||
| Q4 24 | $15.2B | $739.0M | ||
| Q3 24 | $17.8B | $731.0M | ||
| Q2 24 | $16.9B | $730.0M |
净利润BAULS
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $67.0M | ||
| Q3 25 | $-5.3B | $100.0M | ||
| Q2 25 | $-611.0M | $91.0M | ||
| Q1 25 | $-37.0M | $67.0M | ||
| Q4 24 | $-3.9B | $81.0M | ||
| Q3 24 | $-6.2B | $88.0M | ||
| Q2 24 | $-1.4B | $101.0M |
毛利率BAULS
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 49.7% | ||
| Q3 25 | -10.2% | 50.3% | ||
| Q2 25 | 10.7% | 49.4% | ||
| Q1 25 | 12.4% | 48.4% | ||
| Q4 24 | -10.4% | 47.4% | ||
| Q3 24 | -19.7% | 49.0% | ||
| Q2 24 | 7.3% | 50.1% |
营业利润率BAULS
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 15.0% | ||
| Q3 25 | -20.5% | 19.9% | ||
| Q2 25 | -0.8% | 17.9% | ||
| Q1 25 | 2.4% | 15.5% | ||
| Q4 24 | -24.7% | 15.6% | ||
| Q3 24 | -32.3% | 17.8% | ||
| Q2 24 | -6.5% | 17.3% |
净利率BAULS
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 8.5% | ||
| Q3 25 | -22.9% | 12.8% | ||
| Q2 25 | -2.7% | 11.7% | ||
| Q1 25 | -0.2% | 9.5% | ||
| Q4 24 | -25.4% | 11.0% | ||
| Q3 24 | -34.6% | 12.0% | ||
| Q2 24 | -8.5% | 13.8% |
每股收益（稀释后）BAULS
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $0.33 | ||
| Q3 25 | $-7.14 | $0.49 | ||
| Q2 25 | $-0.92 | $0.45 | ||
| Q1 25 | $-0.16 | $0.33 | ||
| Q4 24 | $-5.50 | $0.40 | ||
| Q3 24 | $-9.97 | $0.44 | ||
| Q2 24 | $-2.33 | $0.50 |
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 | $295.0M |
| 总债务越低越好 | $44.4B | $491.0M |
| 股东权益账面价值 | $6.0B | $1.3B |
| 总资产 | $164.8B | $2.9B |
| 负债/权益比越低杠杆越低 | 7.41× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资BAULS
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $295.0M | ||
| Q3 25 | $23.0B | $255.0M | ||
| Q2 25 | $23.0B | $272.0M | ||
| Q1 25 | $23.7B | $267.0M | ||
| Q4 24 | $26.3B | $298.0M | ||
| Q3 24 | $10.5B | $327.0M | ||
| Q2 24 | $12.6B | $295.0M |
总债务BAULS
| Q1 26 | $44.4B | — | ||
| Q4 25 | $45.6B | $491.0M | ||
| Q3 25 | $44.6B | $544.0M | ||
| Q2 25 | $44.6B | $608.0M | ||
| Q1 25 | $45.7B | $653.0M | ||
| Q4 24 | $52.6B | $742.0M | ||
| Q3 24 | $53.2B | $797.0M | ||
| Q2 24 | $53.2B | $810.0M |
股东权益BAULS
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $1.3B | ||
| Q3 25 | $-8.3B | $1.2B | ||
| Q2 25 | $-3.3B | $1.1B | ||
| Q1 25 | $-3.3B | $970.0M | ||
| Q4 24 | $-3.9B | $904.0M | ||
| Q3 24 | $-23.6B | $872.0M | ||
| Q2 24 | $-18.0B | $769.0M |
总资产BAULS
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $2.9B | ||
| Q3 25 | $150.0B | $2.9B | ||
| Q2 25 | $155.1B | $2.9B | ||
| Q1 25 | $156.5B | $2.9B | ||
| Q4 24 | $156.4B | $2.8B | ||
| Q3 24 | $137.7B | $2.9B | ||
| Q2 24 | $142.7B | $2.7B |
负债/权益比BAULS
| Q1 26 | 7.41× | — | ||
| Q4 25 | 8.37× | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× |
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 | — | $144.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $86.0M |
| 自由现金流率自由现金流/营收 | -6.5% | 10.9% |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $403.0M |
8季度趋势，按日历期对齐
经营现金流BAULS
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $144.0M | ||
| Q3 25 | $1.1B | $155.0M | ||
| Q2 25 | $227.0M | $147.0M | ||
| Q1 25 | $-1.6B | $154.0M | ||
| Q4 24 | $-3.5B | $130.0M | ||
| Q3 24 | $-1.3B | $150.0M | ||
| Q2 24 | $-3.9B | $103.0M |
自由现金流BAULS
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $86.0M | ||
| Q3 25 | $238.0M | $109.0M | ||
| Q2 25 | $-200.0M | $105.0M | ||
| Q1 25 | $-2.3B | $103.0M | ||
| Q4 24 | $-4.1B | $72.0M | ||
| Q3 24 | $-2.0B | $84.0M | ||
| Q2 24 | $-4.3B | $47.0M |
自由现金流率BAULS
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 10.9% | ||
| Q3 25 | 1.0% | 13.9% | ||
| Q2 25 | -0.9% | 13.5% | ||
| Q1 25 | -11.7% | 14.6% | ||
| Q4 24 | -26.9% | 9.7% | ||
| Q3 24 | -11.0% | 11.5% | ||
| Q2 24 | -25.7% | 6.4% |
资本支出强度BAULS
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 7.4% | ||
| Q3 25 | 3.8% | 5.9% | ||
| Q2 25 | 1.9% | 5.4% | ||
| Q1 25 | 3.5% | 7.2% | ||
| Q4 24 | 4.3% | 7.8% | ||
| Q3 24 | 3.4% | 9.0% | ||
| Q2 24 | 2.4% | 7.7% |
现金转化率BAULS
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.02× |
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% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
