vs
美国航空集团（AAL）与Allegiant Travel CO（ALGT）财务数据对比。点击上方公司名可切换其他公司
美国航空集团的季度营收约是Allegiant Travel CO的23.5倍（$14.0B vs $595.5M）。Allegiant Travel CO净利率更高（5.4% vs 0.7%，领先4.7%）。Allegiant Travel CO同比增速更快（7.6% vs 2.5%）。Allegiant Travel CO自由现金流更多（$90.4M vs $-1.9B）。过去两年美国航空集团的营收复合增速更高（5.5% vs 1.3%）
美国航空集团是美国头部航司，总部坐落于得克萨斯州沃斯堡的达拉斯-沃斯堡都会区，按客运量、日航班量计算为全球最大航司。集团旗下连同区域子公司及以American Eagle品牌运营的合作航司，每日运营近6800个航班，覆盖48个国家近350个目的地，拥有完善的国内外航线网络。
忠实航空是美国的一家低成本航空公司，总部位于内华达州拉斯维加斯。该航司主打超低成本运营模式，基础票价包含服务极少，通过大量附加服务收取额外费用，核心服务对象是中小城市尚未被充分覆盖的休闲出行客流。
AAL vs ALGT — 直观对比
营收规模更大
AAL
是对方的23.5倍
$595.5M
营收增速更快
ALGT
高出5.1%
2.5%
净利率更高
ALGT
高出4.7%
0.7%
自由现金流更多
ALGT
多$2.0B
$-1.9B
两年增速更快
AAL
近两年复合增速
1.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $14.0B | $595.5M |
| 净利润 | $99.0M | $31.9M |
| 毛利率 | — | — |
| 营业利润率 | 3.2% | 11.2% |
| 净利率 | 0.7% | 5.4% |
| 营收同比 | 2.5% | 7.6% |
| 净利润同比 | -83.2% | 114.8% |
| 每股收益（稀释后） | $0.15 | $1.82 |
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AALALGT
| Q4 25 | $14.0B | $595.5M | ||
| Q3 25 | $13.7B | $494.1M | ||
| Q2 25 | $14.4B | $617.9M | ||
| Q1 25 | $12.6B | $616.8M | ||
| Q4 24 | $13.7B | $553.6M | ||
| Q3 24 | $13.6B | $489.0M | ||
| Q2 24 | $14.3B | $594.5M | ||
| Q1 24 | $12.6B | $579.9M |
净利润AALALGT
| Q4 25 | $99.0M | $31.9M | ||
| Q3 25 | $-114.0M | $-43.6M | ||
| Q2 25 | $599.0M | $-65.2M | ||
| Q1 25 | $-473.0M | $32.1M | ||
| Q4 24 | $590.0M | $-216.2M | ||
| Q3 24 | $-149.0M | $-36.8M | ||
| Q2 24 | $717.0M | $13.7M | ||
| Q1 24 | $-312.0M | $-919.0K |
营业利润率AALALGT
| Q4 25 | 3.2% | 11.2% | ||
| Q3 25 | 1.1% | -5.5% | ||
| Q2 25 | 7.9% | -10.9% | ||
| Q1 25 | -2.2% | 10.5% | ||
| Q4 24 | 8.3% | -47.7% | ||
| Q3 24 | 0.7% | -5.4% | ||
| Q2 24 | 9.7% | 5.9% | ||
| Q1 24 | 0.1% | 2.7% |
净利率AALALGT
| Q4 25 | 0.7% | 5.4% | ||
| Q3 25 | -0.8% | -8.8% | ||
| Q2 25 | 4.2% | -10.5% | ||
| Q1 25 | -3.8% | 5.2% | ||
| Q4 24 | 4.3% | -39.1% | ||
| Q3 24 | -1.1% | -7.5% | ||
| Q2 24 | 5.0% | 2.3% | ||
| Q1 24 | -2.5% | -0.2% |
每股收益（稀释后）AALALGT
| Q4 25 | $0.15 | $1.82 | ||
| Q3 25 | $-0.17 | $-2.41 | ||
| Q2 25 | $0.91 | $-3.62 | ||
| Q1 25 | $-0.72 | $1.73 | ||
| Q4 24 | $0.94 | $-12.12 | ||
| Q3 24 | $-0.23 | $-2.05 | ||
| Q2 24 | $1.01 | $0.75 | ||
| Q1 24 | $-0.48 | $-0.07 |
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 | — | $805.7M |
| 总债务越低越好 | $25.3B | $1.7B |
| 股东权益账面价值 | $-3.7B | $1.1B |
| 总资产 | $61.8B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 1.60× |
8季度趋势，按日历期对齐
现金及短期投资AALALGT
| Q4 25 | — | $805.7M | ||
| Q3 25 | — | $956.7M | ||
| Q2 25 | — | $842.8M | ||
| Q1 25 | — | $878.6M | ||
| Q4 24 | — | $781.1M | ||
| Q3 24 | — | $759.3M | ||
| Q2 24 | — | $791.9M | ||
| Q1 24 | — | $809.9M |
总债务AALALGT
| Q4 25 | $25.3B | $1.7B | ||
| Q3 25 | $25.1B | $1.8B | ||
| Q2 25 | $25.3B | $1.8B | ||
| Q1 25 | $24.7B | $1.7B | ||
| Q4 24 | $25.2B | $1.6B | ||
| Q3 24 | $26.3B | $1.8B | ||
| Q2 24 | $27.6B | $1.7B | ||
| Q1 24 | $28.2B | $1.8B |
股东权益AALALGT
| Q4 25 | $-3.7B | $1.1B | ||
| Q3 25 | $-4.0B | $1.0B | ||
| Q2 25 | $-3.9B | $1.1B | ||
| Q1 25 | $-4.5B | $1.1B | ||
| Q4 24 | $-4.0B | $1.1B | ||
| Q3 24 | $-4.9B | $1.3B | ||
| Q2 24 | $-4.7B | $1.3B | ||
| Q1 24 | $-5.5B | $1.3B |
总资产AALALGT
| Q4 25 | $61.8B | $4.2B | ||
| Q3 25 | $62.1B | $4.4B | ||
| Q2 25 | $63.7B | $4.4B | ||
| Q1 25 | $62.6B | $4.5B | ||
| Q4 24 | $61.8B | $4.4B | ||
| Q3 24 | $63.5B | $4.8B | ||
| Q2 24 | $64.1B | $4.9B | ||
| Q1 24 | $64.4B | $4.9B |
负债/权益比AALALGT
| Q4 25 | — | 1.60× | ||
| Q3 25 | — | 1.76× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.35× |
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 | $-274.0M | $112.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | $90.4M |
| 自由现金流率自由现金流/营收 | -13.6% | 15.2% |
| 资本支出强度资本支出/营收 | 11.6% | 3.7% |
| 现金转化率经营现金流/净利润 | -2.77× | 3.51× |
| 过去12个月自由现金流最近4个季度 | $-680.0M | $75.1M |
8季度趋势，按日历期对齐
经营现金流AALALGT
| Q4 25 | $-274.0M | $112.2M | ||
| Q3 25 | $-46.0M | $-6.1M | ||
| Q2 25 | $963.0M | $92.2M | ||
| Q1 25 | $2.5B | $191.4M | ||
| Q4 24 | $398.0M | $84.4M | ||
| Q3 24 | $277.0M | $17.3M | ||
| Q2 24 | $1.1B | $68.9M | ||
| Q1 24 | $2.2B | $167.8M |
自由现金流AALALGT
| Q4 25 | $-1.9B | $90.4M | ||
| Q3 25 | $-872.0M | $-121.7M | ||
| Q2 25 | $464.0M | $-10.5M | ||
| Q1 25 | $1.6B | $116.9M | ||
| Q4 24 | $-342.0M | $24.0M | ||
| Q3 24 | $-191.0M | $-28.7M | ||
| Q2 24 | $477.0M | $7.0M | ||
| Q1 24 | $1.4B | $35.9M |
自由现金流率AALALGT
| Q4 25 | -13.6% | 15.2% | ||
| Q3 25 | -6.4% | -24.6% | ||
| Q2 25 | 3.2% | -1.7% | ||
| Q1 25 | 13.0% | 19.0% | ||
| Q4 24 | -2.5% | 4.3% | ||
| Q3 24 | -1.4% | -5.9% | ||
| Q2 24 | 3.3% | 1.2% | ||
| Q1 24 | 10.8% | 6.2% |
资本支出强度AALALGT
| Q4 25 | 11.6% | 3.7% | ||
| Q3 25 | 6.0% | 23.4% | ||
| Q2 25 | 3.5% | 16.6% | ||
| Q1 25 | 6.6% | 12.1% | ||
| Q4 24 | 5.4% | 10.9% | ||
| Q3 24 | 3.4% | 9.4% | ||
| Q2 24 | 4.5% | 10.4% | ||
| Q1 24 | 6.6% | 22.7% |
现金转化率AALALGT
| Q4 25 | -2.77× | 3.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.57× | 5.03× | ||
| Q1 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
AAL
| Passenger Travel | $11.6B | 83% |
| Loyalty Program Travel Redemptions | $1.1B | 8% |
| Loyalty Program Marketing Services | $945.0M | 7% |
| Cargo And Freight | $227.0M | 2% |
| Other Revenue | $169.0M | 1% |
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
