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美国航空集团（AAL）与安朗杰（ALLE）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安朗杰的13.5倍（$14.0B vs $1.0B）。安朗杰净利率更高（14.3% vs 0.7%，领先13.6%）。安朗杰同比增速更快（9.3% vs 2.5%）。安朗杰自由现金流更多（$200.5M vs $-1.9B）。过去两年安朗杰的营收复合增速更高（7.5% vs 5.5%）
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。
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
AAL vs ALLE — 直观对比
营收规模更大
AAL
是对方的13.5倍
$1.0B
营收增速更快
ALLE
高出6.8%
2.5%
净利率更高
ALLE
高出13.6%
0.7%
自由现金流更多
ALLE
多$2.1B
$-1.9B
两年增速更快
ALLE
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $14.0B | $1.0B |
| 净利润 | $99.0M | $147.5M |
| 毛利率 | — | 44.5% |
| 营业利润率 | 3.2% | 20.3% |
| 净利率 | 0.7% | 14.3% |
| 营收同比 | 2.5% | 9.3% |
| 净利润同比 | -83.2% | 2.4% |
| 每股收益（稀释后） | $0.15 | $1.70 |
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AALALLE
| Q4 25 | $14.0B | $1.0B | ||
| Q3 25 | $13.7B | $1.1B | ||
| Q2 25 | $14.4B | $1.0B | ||
| Q1 25 | $12.6B | $941.9M | ||
| Q4 24 | $13.7B | $945.6M | ||
| Q3 24 | $13.6B | $967.1M | ||
| Q2 24 | $14.3B | $965.6M | ||
| Q1 24 | $12.6B | $893.9M |
净利润AALALLE
| Q4 25 | $99.0M | $147.5M | ||
| Q3 25 | $-114.0M | $188.4M | ||
| Q2 25 | $599.0M | $159.7M | ||
| Q1 25 | $-473.0M | $148.2M | ||
| Q4 24 | $590.0M | $144.1M | ||
| Q3 24 | $-149.0M | $174.2M | ||
| Q2 24 | $717.0M | $155.4M | ||
| Q1 24 | $-312.0M | $123.8M |
毛利率AALALLE
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 44.9% | ||
| Q4 24 | — | 44.1% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 43.8% |
营业利润率AALALLE
| Q4 25 | 3.2% | 20.3% | ||
| Q3 25 | 1.1% | 21.8% | ||
| Q2 25 | 7.9% | 21.5% | ||
| Q1 25 | -2.2% | 20.9% | ||
| Q4 24 | 8.3% | 19.5% | ||
| Q3 24 | 0.7% | 22.2% | ||
| Q2 24 | 9.7% | 21.6% | ||
| Q1 24 | 0.1% | 19.3% |
净利率AALALLE
| Q4 25 | 0.7% | 14.3% | ||
| Q3 25 | -0.8% | 17.6% | ||
| Q2 25 | 4.2% | 15.6% | ||
| Q1 25 | -3.8% | 15.7% | ||
| Q4 24 | 4.3% | 15.2% | ||
| Q3 24 | -1.1% | 18.0% | ||
| Q2 24 | 5.0% | 16.1% | ||
| Q1 24 | -2.5% | 13.8% |
每股收益（稀释后）AALALLE
| Q4 25 | $0.15 | $1.70 | ||
| Q3 25 | $-0.17 | $2.18 | ||
| Q2 25 | $0.91 | $1.85 | ||
| Q1 25 | $-0.72 | $1.71 | ||
| Q4 24 | $0.94 | $1.65 | ||
| Q3 24 | $-0.23 | $1.99 | ||
| Q2 24 | $1.01 | $1.77 | ||
| Q1 24 | $-0.48 | $1.41 |
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 | — | $356.2M |
| 总债务越低越好 | $25.3B | $2.0B |
| 股东权益账面价值 | $-3.7B | $2.1B |
| 总资产 | $61.8B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资AALALLE
| Q4 25 | — | $356.2M | ||
| Q3 25 | — | $302.7M | ||
| Q2 25 | — | $656.8M | ||
| Q1 25 | — | $494.5M | ||
| Q4 24 | — | $503.8M | ||
| Q3 24 | — | $878.9M | ||
| Q2 24 | — | $747.5M | ||
| Q1 24 | — | $391.8M |
总债务AALALLE
| Q4 25 | $25.3B | $2.0B | ||
| Q3 25 | $25.1B | $2.1B | ||
| Q2 25 | $25.3B | $2.1B | ||
| Q1 25 | $24.7B | $2.0B | ||
| Q4 24 | $25.2B | $2.0B | ||
| Q3 24 | $26.3B | $2.4B | ||
| Q2 24 | $27.6B | $2.4B | ||
| Q1 24 | $28.2B | $2.0B |
股东权益AALALLE
| Q4 25 | $-3.7B | $2.1B | ||
| Q3 25 | $-4.0B | $1.9B | ||
| Q2 25 | $-3.9B | $1.8B | ||
| Q1 25 | $-4.5B | $1.6B | ||
| Q4 24 | $-4.0B | $1.5B | ||
| Q3 24 | $-4.9B | $1.6B | ||
| Q2 24 | $-4.7B | $1.4B | ||
| Q1 24 | $-5.5B | $1.4B |
总资产AALALLE
| Q4 25 | $61.8B | $5.2B | ||
| Q3 25 | $62.1B | $5.2B | ||
| Q2 25 | $63.7B | $4.9B | ||
| Q1 25 | $62.6B | $4.6B | ||
| Q4 24 | $61.8B | $4.5B | ||
| Q3 24 | $63.5B | $5.0B | ||
| Q2 24 | $64.1B | $4.8B | ||
| Q1 24 | $64.4B | $4.3B |
负债/权益比AALALLE
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | — | 1.49× |
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 | $240.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | $200.5M |
| 自由现金流率自由现金流/营收 | -13.6% | 19.4% |
| 资本支出强度资本支出/营收 | 11.6% | 3.8% |
| 现金转化率经营现金流/净利润 | -2.77× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $-680.0M | $685.7M |
8季度趋势，按日历期对齐
经营现金流AALALLE
| Q4 25 | $-274.0M | $240.1M | ||
| Q3 25 | $-46.0M | $229.5M | ||
| Q2 25 | $963.0M | $209.7M | ||
| Q1 25 | $2.5B | $104.5M | ||
| Q4 24 | $398.0M | $219.0M | ||
| Q3 24 | $277.0M | $231.9M | ||
| Q2 24 | $1.1B | $173.0M | ||
| Q1 24 | $2.2B | $51.1M |
自由现金流AALALLE
| Q4 25 | $-1.9B | $200.5M | ||
| Q3 25 | $-872.0M | $209.8M | ||
| Q2 25 | $464.0M | $192.0M | ||
| Q1 25 | $1.6B | $83.4M | ||
| Q4 24 | $-342.0M | $194.9M | ||
| Q3 24 | $-191.0M | $212.0M | ||
| Q2 24 | $477.0M | $152.1M | ||
| Q1 24 | $1.4B | $23.9M |
自由现金流率AALALLE
| Q4 25 | -13.6% | 19.4% | ||
| Q3 25 | -6.4% | 19.6% | ||
| Q2 25 | 3.2% | 18.8% | ||
| Q1 25 | 13.0% | 8.9% | ||
| Q4 24 | -2.5% | 20.6% | ||
| Q3 24 | -1.4% | 21.9% | ||
| Q2 24 | 3.3% | 15.8% | ||
| Q1 24 | 10.8% | 2.7% |
资本支出强度AALALLE
| Q4 25 | 11.6% | 3.8% | ||
| Q3 25 | 6.0% | 1.8% | ||
| Q2 25 | 3.5% | 1.7% | ||
| Q1 25 | 6.6% | 2.2% | ||
| Q4 24 | 5.4% | 2.5% | ||
| Q3 24 | 3.4% | 2.1% | ||
| Q2 24 | 4.5% | 2.2% | ||
| Q1 24 | 6.6% | 3.0% |
现金转化率AALALLE
| Q4 25 | -2.77× | 1.63× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | 1.61× | 1.31× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 0.67× | 1.52× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 1.57× | 1.11× | ||
| Q1 24 | — | 0.41× |
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% |
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
