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波音（BA）与XPEL, Inc.（XPEL）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XPEL, Inc.的181.7倍（$22.2B vs $122.3M）。XPEL, Inc.净利率更高（11.0% vs -0.0%，领先11.0%）。波音同比增速更快（14.0% vs 13.7%）。XPEL, Inc.自由现金流更多（$1.6M vs $-1.5B）。过去两年XPEL, Inc.的营收复合增速更高（16.5% vs 14.8%）
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。
XPEL是全球知名的高性能表面保护膜解决方案供应商，核心产品涵盖汽车漆面保护膜、车窗隔热膜、陶瓷涂层等，业务覆盖北美、欧洲、亚太等主要市场，服务对象包括普通车主、汽车经销商及专业安装服务商。
BA vs XPEL — 直观对比
营收规模更大
BA
是对方的181.7倍
$122.3M
营收增速更快
BA
高出0.3%
13.7%
净利率更高
XPEL
高出11.0%
-0.0%
自由现金流更多
XPEL
多$1.5B
$-1.5B
两年增速更快
XPEL
近两年复合增速
14.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $122.3M |
| 净利润 | $-7.0M | $13.4M |
| 毛利率 | — | 41.9% |
| 营业利润率 | 2.0% | 12.7% |
| 净利率 | -0.0% | 11.0% |
| 营收同比 | 14.0% | 13.7% |
| 净利润同比 | 77.4% | 50.7% |
| 每股收益（稀释后） | $-0.11 | $0.48 |
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BAXPEL
| Q1 26 | $22.2B | — | ||
| Q4 25 | $23.9B | $122.3M | ||
| Q3 25 | $23.3B | $125.4M | ||
| Q2 25 | $22.7B | $124.7M | ||
| Q1 25 | $19.5B | $103.8M | ||
| Q4 24 | $15.2B | $107.5M | ||
| Q3 24 | $17.8B | $112.9M | ||
| Q2 24 | $16.9B | $109.9M |
净利润BAXPEL
| Q1 26 | $-7.0M | — | ||
| Q4 25 | $8.2B | $13.4M | ||
| Q3 25 | $-5.3B | $12.9M | ||
| Q2 25 | $-611.0M | $16.3M | ||
| Q1 25 | $-37.0M | $8.6M | ||
| Q4 24 | $-3.9B | $8.9M | ||
| Q3 24 | $-6.2B | $14.9M | ||
| Q2 24 | $-1.4B | $15.0M |
毛利率BAXPEL
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 41.9% | ||
| Q3 25 | -10.2% | 41.8% | ||
| Q2 25 | 10.7% | 42.9% | ||
| Q1 25 | 12.4% | 42.3% | ||
| Q4 24 | -10.4% | 40.6% | ||
| Q3 24 | -19.7% | 42.5% | ||
| Q2 24 | 7.3% | 43.5% |
营业利润率BAXPEL
| Q1 26 | 2.0% | — | ||
| Q4 25 | 36.7% | 12.7% | ||
| Q3 25 | -20.5% | 13.4% | ||
| Q2 25 | -0.8% | 15.5% | ||
| Q1 25 | 2.4% | 10.7% | ||
| Q4 24 | -24.7% | 11.5% | ||
| Q3 24 | -32.3% | 16.3% | ||
| Q2 24 | -6.5% | 17.5% |
净利率BAXPEL
| Q1 26 | -0.0% | — | ||
| Q4 25 | 34.3% | 11.0% | ||
| Q3 25 | -22.9% | 10.3% | ||
| Q2 25 | -2.7% | 13.1% | ||
| Q1 25 | -0.2% | 8.3% | ||
| Q4 24 | -25.4% | 8.3% | ||
| Q3 24 | -34.6% | 13.2% | ||
| Q2 24 | -8.5% | 13.7% |
每股收益（稀释后）BAXPEL
| Q1 26 | $-0.11 | — | ||
| Q4 25 | $10.70 | $0.48 | ||
| Q3 25 | $-7.14 | $0.47 | ||
| Q2 25 | $-0.92 | $0.59 | ||
| Q1 25 | $-0.16 | $0.31 | ||
| Q4 24 | $-5.50 | $0.33 | ||
| Q3 24 | $-9.97 | $0.54 | ||
| Q2 24 | $-2.33 | $0.54 |
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 | $50.9M |
| 总债务越低越好 | $44.4B | — |
| 股东权益账面价值 | $6.0B | $280.3M |
| 总资产 | $164.8B | $382.5M |
| 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BAXPEL
| Q1 26 | $9.4B | — | ||
| Q4 25 | $29.4B | $50.9M | ||
| Q3 25 | $23.0B | $64.5M | ||
| Q2 25 | $23.0B | $49.6M | ||
| Q1 25 | $23.7B | $23.5M | ||
| Q4 24 | $26.3B | $22.1M | ||
| Q3 24 | $10.5B | $21.0M | ||
| Q2 24 | $12.6B | $15.0M |
总债务BAXPEL
| 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BAXPEL
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.5B | $280.3M | ||
| Q3 25 | $-8.3B | $269.3M | ||
| Q2 25 | $-3.3B | $255.7M | ||
| Q1 25 | $-3.3B | $235.5M | ||
| Q4 24 | $-3.9B | $225.5M | ||
| Q3 24 | $-23.6B | $218.7M | ||
| Q2 24 | $-18.0B | $201.9M |
总资产BAXPEL
| Q1 26 | $164.8B | — | ||
| Q4 25 | $168.2B | $382.5M | ||
| Q3 25 | $150.0B | $387.7M | ||
| Q2 25 | $155.1B | $318.1M | ||
| Q1 25 | $156.5B | $294.8M | ||
| Q4 24 | $156.4B | $285.6M | ||
| Q3 24 | $137.7B | $273.0M | ||
| Q2 24 | $142.7B | $261.8M |
负债/权益比BAXPEL
| 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 | — | $2.7M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $1.6M |
| 自由现金流率自由现金流/营收 | -6.5% | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 0.20× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $62.9M |
8季度趋势，按日历期对齐
经营现金流BAXPEL
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.7M | ||
| Q3 25 | $1.1B | $33.2M | ||
| Q2 25 | $227.0M | $27.9M | ||
| Q1 25 | $-1.6B | $3.2M | ||
| Q4 24 | $-3.5B | $6.3M | ||
| Q3 24 | $-1.3B | $19.6M | ||
| Q2 24 | $-3.9B | $26.9M |
自由现金流BAXPEL
| Q1 26 | $-1.5B | — | ||
| Q4 25 | $375.0M | $1.6M | ||
| Q3 25 | $238.0M | $32.2M | ||
| Q2 25 | $-200.0M | $26.9M | ||
| Q1 25 | $-2.3B | $2.2M | ||
| Q4 24 | $-4.1B | $4.7M | ||
| Q3 24 | $-2.0B | $18.3M | ||
| Q2 24 | $-4.3B | $25.1M |
自由现金流率BAXPEL
| Q1 26 | -6.5% | — | ||
| Q4 25 | 1.6% | 1.3% | ||
| Q3 25 | 1.0% | 25.6% | ||
| Q2 25 | -0.9% | 21.6% | ||
| Q1 25 | -11.7% | 2.1% | ||
| Q4 24 | -26.9% | 4.4% | ||
| Q3 24 | -11.0% | 16.2% | ||
| Q2 24 | -25.7% | 22.8% |
资本支出强度BAXPEL
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 3.8% | 0.8% | ||
| Q2 25 | 1.9% | 0.8% | ||
| Q1 25 | 3.5% | 1.0% | ||
| Q4 24 | 4.3% | 1.5% | ||
| Q3 24 | 3.4% | 1.1% | ||
| Q2 24 | 2.4% | 1.6% |
现金转化率BAXPEL
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 0.20× | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.79× |
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% |
XPEL
| Products | $90.9M | 74% |
| Service Revenue Installation Labor | $23.8M | 19% |
| Service Revenue Cutbank Credits | $4.1M | 3% |
| Service Revenue Software | $2.2M | 2% |
