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美国航空集团（AAL）与Broadridge Financial Solutions（BR）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Broadridge Financial Solutions的8.2倍（$14.0B vs $1.7B）。Broadridge Financial Solutions净利率更高（16.6% vs 0.7%，领先15.9%）。美国航空集团同比增速更快（2.5% vs -5.4%）。过去两年Broadridge Financial Solutions的营收复合增速更高（10.4% 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。
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
AAL vs BR — 直观对比
营收规模更大
AAL
是对方的8.2倍
$1.7B
营收增速更快
AAL
高出7.9%
-5.4%
净利率更高
BR
高出15.9%
0.7%
两年增速更快
BR
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $14.0B | $1.7B |
| 净利润 | $99.0M | $284.6M |
| 毛利率 | — | 27.6% |
| 营业利润率 | 3.2% | 12.0% |
| 净利率 | 0.7% | 16.6% |
| 营收同比 | 2.5% | -5.4% |
| 净利润同比 | -83.2% | 17.1% |
| 每股收益（稀释后） | $0.15 | $2.42 |
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AALBR
| Q4 25 | $14.0B | $1.7B | ||
| Q3 25 | $13.7B | — | ||
| Q2 25 | $14.4B | $2.1B | ||
| Q1 25 | $12.6B | $1.8B | ||
| Q4 24 | $13.7B | $1.6B | ||
| Q3 24 | $13.6B | $1.4B | ||
| Q2 24 | $14.3B | $1.9B | ||
| Q1 24 | $12.6B | $1.7B |
净利润AALBR
| Q4 25 | $99.0M | $284.6M | ||
| Q3 25 | $-114.0M | — | ||
| Q2 25 | $599.0M | $374.2M | ||
| Q1 25 | $-473.0M | $243.1M | ||
| Q4 24 | $590.0M | $142.4M | ||
| Q3 24 | $-149.0M | $79.8M | ||
| Q2 24 | $717.0M | $323.2M | ||
| Q1 24 | $-312.0M | $213.7M |
毛利率AALBR
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 31.2% |
营业利润率AALBR
| Q4 25 | 3.2% | 12.0% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 7.9% | 24.1% | ||
| Q1 25 | -2.2% | 19.0% | ||
| Q4 24 | 8.3% | 13.3% | ||
| Q3 24 | 0.7% | 9.4% | ||
| Q2 24 | 9.7% | 22.7% | ||
| Q1 24 | 0.1% | 17.5% |
净利率AALBR
| Q4 25 | 0.7% | 16.6% | ||
| Q3 25 | -0.8% | — | ||
| Q2 25 | 4.2% | 18.1% | ||
| Q1 25 | -3.8% | 13.4% | ||
| Q4 24 | 4.3% | 9.0% | ||
| Q3 24 | -1.1% | 5.6% | ||
| Q2 24 | 5.0% | 16.6% | ||
| Q1 24 | -2.5% | 12.4% |
每股收益（稀释后）AALBR
| Q4 25 | $0.15 | $2.42 | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.91 | $3.17 | ||
| Q1 25 | $-0.72 | $2.05 | ||
| Q4 24 | $0.94 | $1.20 | ||
| Q3 24 | $-0.23 | $0.68 | ||
| Q2 24 | $1.01 | $2.72 | ||
| Q1 24 | $-0.48 | $1.79 |
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 | — | $371.5M |
| 总债务越低越好 | $25.3B | $3.2B |
| 股东权益账面价值 | $-3.7B | $2.9B |
| 总资产 | $61.8B | $8.6B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资AALBR
| Q4 25 | — | $371.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $562.2M | ||
| Q1 25 | — | $317.9M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $293.5M | ||
| Q2 24 | — | $305.2M | ||
| Q1 24 | — | $236.4M |
总债务AALBR
| Q4 25 | $25.3B | $3.2B | ||
| Q3 25 | $25.1B | — | ||
| Q2 25 | $25.3B | $3.3B | ||
| Q1 25 | $24.7B | $3.4B | ||
| Q4 24 | $25.2B | $3.7B | ||
| Q3 24 | $26.3B | $3.6B | ||
| Q2 24 | $27.6B | $3.4B | ||
| Q1 24 | $28.2B | $3.5B |
股东权益AALBR
| Q4 25 | $-3.7B | $2.9B | ||
| Q3 25 | $-4.0B | — | ||
| Q2 25 | $-3.9B | $2.7B | ||
| Q1 25 | $-4.5B | $2.4B | ||
| Q4 24 | $-4.0B | $2.2B | ||
| Q3 24 | $-4.9B | $2.2B | ||
| Q2 24 | $-4.7B | $2.2B | ||
| Q1 24 | $-5.5B | $2.3B |
总资产AALBR
| Q4 25 | $61.8B | $8.6B | ||
| Q3 25 | $62.1B | — | ||
| Q2 25 | $63.7B | $8.5B | ||
| Q1 25 | $62.6B | $8.3B | ||
| Q4 24 | $61.8B | $8.2B | ||
| Q3 24 | $63.5B | $8.0B | ||
| Q2 24 | $64.1B | $8.2B | ||
| Q1 24 | $64.4B | $8.2B |
负债/权益比AALBR
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 1.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | — |
| 自由现金流率自由现金流/营收 | -13.6% | — |
| 资本支出强度资本支出/营收 | 11.6% | — |
| 现金转化率经营现金流/净利润 | -2.77× | — |
| 过去12个月自由现金流最近4个季度 | $-680.0M | — |
8季度趋势，按日历期对齐
经营现金流AALBR
| Q4 25 | $-274.0M | — | ||
| Q3 25 | $-46.0M | — | ||
| Q2 25 | $963.0M | $699.7M | ||
| Q1 25 | $2.5B | $360.4M | ||
| Q4 24 | $398.0M | $236.7M | ||
| Q3 24 | $277.0M | $-125.5M | ||
| Q2 24 | $1.1B | $721.0M | ||
| Q1 24 | $2.2B | $207.4M |
自由现金流AALBR
| Q4 25 | $-1.9B | — | ||
| Q3 25 | $-872.0M | — | ||
| Q2 25 | $464.0M | $684.1M | ||
| Q1 25 | $1.6B | $348.9M | ||
| Q4 24 | $-342.0M | $227.9M | ||
| Q3 24 | $-191.0M | $-133.4M | ||
| Q2 24 | $477.0M | $703.2M | ||
| Q1 24 | $1.4B | $184.6M |
自由现金流率AALBR
| Q4 25 | -13.6% | — | ||
| Q3 25 | -6.4% | — | ||
| Q2 25 | 3.2% | 33.1% | ||
| Q1 25 | 13.0% | 19.3% | ||
| Q4 24 | -2.5% | 14.3% | ||
| Q3 24 | -1.4% | -9.4% | ||
| Q2 24 | 3.3% | 36.2% | ||
| Q1 24 | 10.8% | 10.7% |
资本支出强度AALBR
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 3.5% | 0.8% | ||
| Q1 25 | 6.6% | 0.6% | ||
| Q4 24 | 5.4% | 0.6% | ||
| Q3 24 | 3.4% | 0.6% | ||
| Q2 24 | 4.5% | 0.9% | ||
| Q1 24 | 6.6% | 1.3% |
现金转化率AALBR
| Q4 25 | -2.77× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | 1.87× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | 0.67× | 1.66× | ||
| Q3 24 | — | -1.57× | ||
| Q2 24 | 1.57× | 2.23× | ||
| Q1 24 | — | 0.97× |
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% |
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
