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美国航空集团（AAL）与Ametek（AME）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Ametek的7.0倍（$14.0B vs $2.0B）。Ametek净利率更高（19.9% vs 0.7%，领先19.2%）。Ametek同比增速更快（13.4% vs 2.5%）。Ametek自由现金流更多（$527.3M vs $-1.9B）。过去两年Ametek的营收复合增速更高（7.3% 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。
AMETEK Inc.是美国跨国综合企业，为全球知名的电子仪器及机电设备设计商与制造商，总部位于美国，在全球范围内设有超过150个运营站点，业务覆盖多个国家和地区，为各行业客户提供高性能的相关产品及配套解决方案。
AAL vs AME — 直观对比
营收规模更大
AAL
是对方的7.0倍
$2.0B
营收增速更快
AME
高出11.0%
2.5%
净利率更高
AME
高出19.2%
0.7%
自由现金流更多
AME
多$2.4B
$-1.9B
两年增速更快
AME
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $14.0B | $2.0B |
| 净利润 | $99.0M | $398.6M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 3.2% | 25.3% |
| 净利率 | 0.7% | 19.9% |
| 营收同比 | 2.5% | 13.4% |
| 净利润同比 | -83.2% | 2.9% |
| 每股收益（稀释后） | $0.15 | $1.73 |
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AALAME
| Q4 25 | $14.0B | $2.0B | ||
| Q3 25 | $13.7B | $1.9B | ||
| Q2 25 | $14.4B | $1.8B | ||
| Q1 25 | $12.6B | $1.7B | ||
| Q4 24 | $13.7B | $1.8B | ||
| Q3 24 | $13.6B | $1.7B | ||
| Q2 24 | $14.3B | $1.7B | ||
| Q1 24 | $12.6B | $1.7B |
净利润AALAME
| Q4 25 | $99.0M | $398.6M | ||
| Q3 25 | $-114.0M | $371.4M | ||
| Q2 25 | $599.0M | $358.4M | ||
| Q1 25 | $-473.0M | $351.8M | ||
| Q4 24 | $590.0M | $387.3M | ||
| Q3 24 | $-149.0M | $340.2M | ||
| Q2 24 | $717.0M | $337.7M | ||
| Q1 24 | $-312.0M | $310.9M |
毛利率AALAME
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 36.0% | ||
| Q1 24 | — | 34.1% |
营业利润率AALAME
| Q4 25 | 3.2% | 25.3% | ||
| Q3 25 | 1.1% | 25.8% | ||
| Q2 25 | 7.9% | 26.0% | ||
| Q1 25 | -2.2% | 26.3% | ||
| Q4 24 | 8.3% | 26.6% | ||
| Q3 24 | 0.7% | 26.1% | ||
| Q2 24 | 9.7% | 25.8% | ||
| Q1 24 | 0.1% | 24.0% |
净利率AALAME
| Q4 25 | 0.7% | 19.9% | ||
| Q3 25 | -0.8% | 19.6% | ||
| Q2 25 | 4.2% | 20.2% | ||
| Q1 25 | -3.8% | 20.3% | ||
| Q4 24 | 4.3% | 22.0% | ||
| Q3 24 | -1.1% | 19.9% | ||
| Q2 24 | 5.0% | 19.5% | ||
| Q1 24 | -2.5% | 17.9% |
每股收益（稀释后）AALAME
| Q4 25 | $0.15 | $1.73 | ||
| Q3 25 | $-0.17 | $1.60 | ||
| Q2 25 | $0.91 | $1.55 | ||
| Q1 25 | $-0.72 | $1.52 | ||
| Q4 24 | $0.94 | $1.67 | ||
| Q3 24 | $-0.23 | $1.47 | ||
| Q2 24 | $1.01 | $1.45 | ||
| Q1 24 | $-0.48 | $1.34 |
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 | — | $458.0M |
| 总债务越低越好 | $25.3B | $2.3B |
| 股东权益账面价值 | $-3.7B | $10.6B |
| 总资产 | $61.8B | $16.1B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资AALAME
| Q4 25 | — | $458.0M | ||
| Q3 25 | — | $439.2M | ||
| Q2 25 | — | $619.7M | ||
| Q1 25 | — | $399.0M | ||
| Q4 24 | — | $374.0M | ||
| Q3 24 | — | $396.3M | ||
| Q2 24 | — | $396.6M | ||
| Q1 24 | — | $373.8M |
总债务AALAME
| Q4 25 | $25.3B | $2.3B | ||
| Q3 25 | $25.1B | — | ||
| Q2 25 | $25.3B | — | ||
| Q1 25 | $24.7B | — | ||
| Q4 24 | $25.2B | $2.1B | ||
| Q3 24 | $26.3B | — | ||
| Q2 24 | $27.6B | — | ||
| Q1 24 | $28.2B | — |
股东权益AALAME
| Q4 25 | $-3.7B | $10.6B | ||
| Q3 25 | $-4.0B | $10.5B | ||
| Q2 25 | $-3.9B | $10.4B | ||
| Q1 25 | $-4.5B | $10.0B | ||
| Q4 24 | $-4.0B | $9.7B | ||
| Q3 24 | $-4.9B | $9.6B | ||
| Q2 24 | $-4.7B | $9.3B | ||
| Q1 24 | $-5.5B | $9.0B |
总资产AALAME
| Q4 25 | $61.8B | $16.1B | ||
| Q3 25 | $62.1B | $16.2B | ||
| Q2 25 | $63.7B | $15.3B | ||
| Q1 25 | $62.6B | $14.9B | ||
| Q4 24 | $61.8B | $14.6B | ||
| Q3 24 | $63.5B | $14.8B | ||
| Q2 24 | $64.1B | $14.8B | ||
| Q1 24 | $64.4B | $14.9B |
负债/权益比AALAME
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-274.0M | $584.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | $527.3M |
| 自由现金流率自由现金流/营收 | -13.6% | 26.4% |
| 资本支出强度资本支出/营收 | 11.6% | 2.9% |
| 现金转化率经营现金流/净利润 | -2.77× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $-680.0M | $1.7B |
8季度趋势，按日历期对齐
经营现金流AALAME
| Q4 25 | $-274.0M | $584.3M | ||
| Q3 25 | $-46.0M | $440.9M | ||
| Q2 25 | $963.0M | $359.1M | ||
| Q1 25 | $2.5B | $417.5M | ||
| Q4 24 | $398.0M | $550.0M | ||
| Q3 24 | $277.0M | $487.2M | ||
| Q2 24 | $1.1B | $381.4M | ||
| Q1 24 | $2.2B | $410.2M |
自由现金流AALAME
| Q4 25 | $-1.9B | $527.3M | ||
| Q3 25 | $-872.0M | $420.0M | ||
| Q2 25 | $464.0M | $329.8M | ||
| Q1 25 | $1.6B | $394.5M | ||
| Q4 24 | $-342.0M | $498.3M | ||
| Q3 24 | $-191.0M | $460.9M | ||
| Q2 24 | $477.0M | $360.0M | ||
| Q1 24 | $1.4B | $382.6M |
自由现金流率AALAME
| Q4 25 | -13.6% | 26.4% | ||
| Q3 25 | -6.4% | 22.2% | ||
| Q2 25 | 3.2% | 18.5% | ||
| Q1 25 | 13.0% | 22.8% | ||
| Q4 24 | -2.5% | 28.3% | ||
| Q3 24 | -1.4% | 27.0% | ||
| Q2 24 | 3.3% | 20.8% | ||
| Q1 24 | 10.8% | 22.0% |
资本支出强度AALAME
| Q4 25 | 11.6% | 2.9% | ||
| Q3 25 | 6.0% | 1.1% | ||
| Q2 25 | 3.5% | 1.6% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 5.4% | 2.9% | ||
| Q3 24 | 3.4% | 1.5% | ||
| Q2 24 | 4.5% | 1.2% | ||
| Q1 24 | 6.6% | 1.6% |
现金转化率AALAME
| Q4 25 | -2.77× | 1.47× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | 1.61× | 1.00× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 0.67× | 1.42× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | 1.57× | 1.13× | ||
| Q1 24 | — | 1.32× |
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% |
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
