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墨西哥国际航空（AERO）与阿拉斯加航空集团（ALK）财务数据对比。点击上方公司名可切换其他公司
阿拉斯加航空集团的季度营收约是墨西哥国际航空的2.3倍（$3.3B vs $1.4B）。墨西哥国际航空净利率更高（11.5% vs -5.8%，领先17.3%）
墨西哥国际航空集团是墨西哥旗舰航空控股企业，提供国内及国际客货运航空运输服务，航线网络覆盖北美、南美、欧洲及亚洲，服务休闲与商务出行群体，配备现代化民航机队，可满足不同用户的出行需求。
阿拉斯加航空集团是总部位于美国华盛顿州西塔科的航空控股企业，旗下拥有阿拉斯加航空、夏威夷航空两家干线航司，以及区域航司地平线航空，阿拉斯加航空还全资控股飞机地面服务提供商麦吉航空服务。
AERO vs ALK — 直观对比
营收规模更大
ALK
是对方的2.3倍
$1.4B
净利率更高
AERO
高出17.3%
-5.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $3.3B |
| 净利润 | $165.0M | $-193.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.1% | — |
| 净利率 | 11.5% | -5.8% |
| 营收同比 | — | 5.2% |
| 净利润同比 | — | -16.3% |
| 每股收益（稀释后） | — | $-1.69 |
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AEROALK
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.4B | $3.6B | ||
| Q3 25 | $1.4K | $3.8B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.9B |
净利润AEROALK
| Q1 26 | — | $-193.0M | ||
| Q4 25 | $165.0M | $21.0M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | — | $172.0M | ||
| Q1 25 | — | $-166.0M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $236.0M | ||
| Q2 24 | — | $220.0M |
营业利润率AEROALK
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | 2.1% | ||
| Q3 25 | 17.8% | 3.9% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | -6.3% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.1% |
净利率AEROALK
| Q1 26 | — | -5.8% | ||
| Q4 25 | 11.5% | 0.6% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 7.6% |
每股收益（稀释后）AEROALK
| Q1 26 | — | $-1.69 | ||
| Q4 25 | — | $0.14 | ||
| Q3 25 | — | $0.62 | ||
| Q2 25 | — | $1.42 | ||
| Q1 25 | — | $-1.35 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $1.84 | ||
| Q2 24 | — | $1.71 |
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 | — | $451.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | — | $3.7B |
| 总资产 | — | $20.3B |
| 负债/权益比越低杠杆越低 | — | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资AEROALK
| Q1 26 | — | $451.0M | ||
| Q4 25 | — | $627.0M | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
总债务AEROALK
| Q1 26 | — | $5.3B | ||
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $4.8B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.7B |
股东权益AEROALK
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.2B |
总资产AEROALK
| Q1 26 | — | $20.3B | ||
| Q4 25 | — | $20.4B | ||
| Q3 25 | — | $20.0B | ||
| Q2 25 | — | $19.9B | ||
| Q1 25 | — | $19.8B | ||
| Q4 24 | — | $19.8B | ||
| Q3 24 | — | $19.6B | ||
| Q2 24 | — | $15.3B |
负债/权益比AEROALK
| Q1 26 | — | 1.43× | ||
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | 1.24× | ||
| Q2 25 | — | 1.26× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.63× |
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 | — | $229.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 10.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AEROALK
| Q1 26 | — | $229.0M | ||
| Q4 25 | — | $185.0M | ||
| Q3 25 | $846 | $229.0M | ||
| Q2 25 | — | $376.0M | ||
| Q1 25 | — | $459.0M | ||
| Q4 24 | — | $274.0M | ||
| Q3 24 | — | $318.0M | ||
| Q2 24 | — | $580.0M |
资本支出强度AEROALK
| Q1 26 | — | 10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率AEROALK
| Q1 26 | — | — | ||
| Q4 25 | — | 8.81× | ||
| Q3 25 | — | 3.14× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.86× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 2.64× |
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
AERO
| Passenger | $1.3B | 91% |
| Air Cargo | $82.0M | 6% |
| Other | $52.0M | 4% |
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
