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博思艾伦汉密尔顿（BAH）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是TransDigm Group的1.1倍（$2.6B vs $2.3B），TransDigm Group净利率更高（19.5% vs 7.6%，领先11.8%），TransDigm Group同比增速更快（13.9% vs -10.2%），TransDigm Group自由现金流更多（$772.0M vs $248.0M），过去两年TransDigm Group的营收复合增速更高（9.1% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
BAH vs TDG — 直观对比
营收规模更大
BAH
是对方的1.1倍
$2.3B
营收增速更快
TDG
高出24.1%
-10.2%
净利率更高
TDG
高出11.8%
7.6%
自由现金流更多
TDG
多$524.0M
$248.0M
两年增速更快
TDG
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.3B |
| 净利润 | $200.0M | $445.0M |
| 毛利率 | 51.9% | 59.2% |
| 营业利润率 | 8.8% | 45.6% |
| 净利率 | 7.6% | 19.5% |
| 营收同比 | -10.2% | 13.9% |
| 净利润同比 | 7.0% | -9.7% |
| 每股收益（稀释后） | $1.63 | $6.62 |
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BAHTDG
| Q4 25 | $2.6B | $2.3B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
净利润BAHTDG
| Q4 25 | $200.0M | $445.0M | ||
| Q3 25 | $175.0M | $610.0M | ||
| Q2 25 | $271.0M | $492.0M | ||
| Q1 25 | $192.7M | $479.0M | ||
| Q4 24 | $186.9M | $493.0M | ||
| Q3 24 | $390.1M | $468.0M | ||
| Q2 24 | $165.2M | $461.0M | ||
| Q1 24 | $128.0M | $403.0M |
毛利率BAHTDG
| Q4 25 | 51.9% | 59.2% | ||
| Q3 25 | 53.6% | 60.3% | ||
| Q2 25 | 51.3% | 59.5% | ||
| Q1 25 | 53.6% | 59.3% | ||
| Q4 24 | 55.2% | 61.6% | ||
| Q3 24 | 56.7% | 57.5% | ||
| Q2 24 | 53.4% | 59.6% | ||
| Q1 24 | 54.7% | 60.0% |
营业利润率BAHTDG
| Q4 25 | 8.8% | 45.6% | ||
| Q3 25 | 9.8% | 47.6% | ||
| Q2 25 | 8.8% | 46.4% | ||
| Q1 25 | 9.2% | 46.1% | ||
| Q4 24 | 10.0% | 48.6% | ||
| Q3 24 | 17.4% | 43.1% | ||
| Q2 24 | 8.7% | 45.7% | ||
| Q1 24 | 9.5% | 45.2% |
净利率BAHTDG
| Q4 25 | 7.6% | 19.5% | ||
| Q3 25 | 6.1% | 25.0% | ||
| Q2 25 | 9.3% | 22.0% | ||
| Q1 25 | 6.5% | 22.3% | ||
| Q4 24 | 6.4% | 24.6% | ||
| Q3 24 | 12.4% | 21.4% | ||
| Q2 24 | 5.6% | 22.5% | ||
| Q1 24 | 4.6% | 21.0% |
每股收益（稀释后）BAHTDG
| Q4 25 | $1.63 | $6.62 | ||
| Q3 25 | $1.42 | $7.75 | ||
| Q2 25 | $2.16 | $8.47 | ||
| Q1 25 | $1.52 | $8.24 | ||
| Q4 24 | $1.45 | $7.62 | ||
| Q3 24 | $3.01 | $5.82 | ||
| Q2 24 | $1.27 | $7.96 | ||
| Q1 24 | $0.97 | $6.97 |
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 | $882.0M | $2.5B |
| 总债务越低越好 | $3.9B | $29.2B |
| 股东权益账面价值 | $1.0B | $-9.3B |
| 总资产 | $7.1B | $23.8B |
| 负债/权益比越低杠杆越低 | 3.84× | — |
8季度趋势，按日历期对齐
现金及短期投资BAHTDG
| Q4 25 | $882.0M | $2.5B | ||
| Q3 25 | $816.0M | $2.8B | ||
| Q2 25 | $711.0M | $2.8B | ||
| Q1 25 | $885.0M | $2.4B | ||
| Q4 24 | $453.5M | $2.5B | ||
| Q3 24 | $558.7M | $6.3B | ||
| Q2 24 | $297.7M | $3.4B | ||
| Q1 24 | $554.3M | $4.3B |
总债务BAHTDG
| Q4 25 | $3.9B | $29.2B | ||
| Q3 25 | $4.0B | $29.2B | ||
| Q2 25 | $4.0B | $24.3B | ||
| Q1 25 | $4.0B | $24.3B | ||
| Q4 24 | $3.4B | $24.3B | ||
| Q3 24 | $3.4B | $24.3B | ||
| Q2 24 | $3.4B | $21.4B | ||
| Q1 24 | $3.4B | $21.3B |
股东权益BAHTDG
| Q4 25 | $1.0B | $-9.3B | ||
| Q3 25 | $996.0M | $-9.7B | ||
| Q2 25 | $1.1B | $-5.0B | ||
| Q1 25 | $1.0B | $-5.7B | ||
| Q4 24 | $1.2B | $-6.3B | ||
| Q3 24 | $1.2B | $-6.3B | ||
| Q2 24 | $1.1B | $-2.5B | ||
| Q1 24 | $1.0B | $-3.0B |
总资产BAHTDG
| Q4 25 | $7.1B | $23.8B | ||
| Q3 25 | $7.2B | $22.9B | ||
| Q2 25 | $7.2B | $22.7B | ||
| Q1 25 | $7.3B | $21.9B | ||
| Q4 24 | $6.8B | $21.5B | ||
| Q3 24 | $6.9B | $25.6B | ||
| Q2 24 | $6.6B | $21.8B | ||
| Q1 24 | $6.6B | $21.6B |
负债/权益比BAHTDG
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | — | ||
| Q1 24 | 3.26× | — |
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 | $261.0M | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $772.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 33.8% |
| 资本支出强度资本支出/营收 | 0.5% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $1.9B |
8季度趋势，按日历期对齐
经营现金流BAHTDG
| Q4 25 | $261.0M | $832.0M | ||
| Q3 25 | $421.0M | $507.0M | ||
| Q2 25 | $119.0M | $631.0M | ||
| Q1 25 | $219.0M | $148.0M | ||
| Q4 24 | $150.8M | $752.0M | ||
| Q3 24 | $587.1M | $572.0M | ||
| Q2 24 | $52.1M | $608.0M | ||
| Q1 24 | $143.8M | $229.0M |
自由现金流BAHTDG
| Q4 25 | $248.0M | $772.0M | ||
| Q3 25 | $395.0M | $441.0M | ||
| Q2 25 | $96.0M | $573.0M | ||
| Q1 25 | $194.4M | $92.0M | ||
| Q4 24 | $133.6M | $710.0M | ||
| Q3 24 | $563.3M | $531.0M | ||
| Q2 24 | $19.7M | $568.0M | ||
| Q1 24 | $127.6M | $181.0M |
自由现金流率BAHTDG
| Q4 25 | 9.5% | 33.8% | ||
| Q3 25 | 13.7% | 18.1% | ||
| Q2 25 | 3.3% | 25.6% | ||
| Q1 25 | 6.5% | 4.3% | ||
| Q4 24 | 4.6% | 35.4% | ||
| Q3 24 | 17.9% | 24.3% | ||
| Q2 24 | 0.7% | 27.8% | ||
| Q1 24 | 4.6% | 9.4% |
资本支出强度BAHTDG
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 0.8% | 2.6% | ||
| Q4 24 | 0.6% | 2.1% | ||
| Q3 24 | 0.8% | 1.9% | ||
| Q2 24 | 1.1% | 2.0% | ||
| Q1 24 | 0.6% | 2.5% |
现金转化率BAHTDG
| Q4 25 | 1.30× | 1.87× | ||
| Q3 25 | 2.41× | 0.83× | ||
| Q2 25 | 0.44× | 1.28× | ||
| Q1 25 | 1.14× | 0.31× | ||
| Q4 24 | 0.81× | 1.53× | ||
| Q3 24 | 1.50× | 1.22× | ||
| Q2 24 | 0.32× | 1.32× | ||
| Q1 24 | 1.12× | 0.57× |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
