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阿拉斯加航空集团（ALK）与CF Industries（CF）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CF Industries的1.8倍（$3.3B vs $1.9B），CF Industries净利率更高（26.4% vs -5.8%，领先32.3%），CF Industries同比增速更快（22.8% vs 5.2%），过去两年CF Industries的营收复合增速更高（12.8% vs 6.7%）
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。
CF Industries Holdings Inc.是美国知名农用肥料生产及分销商，1946年成立时名为中央农民肥料公司，总部位于芝加哥郊区的伊利诺伊州诺斯布鲁克。公司主营氨、尿素、硝酸铵等肥料产品，最初为区域农业供应合作社联盟，成立56年后完成股份化改制，转为公开上市企业。
ALK vs CF — 直观对比
营收规模更大
ALK
是对方的1.8倍
$1.9B
营收增速更快
CF
高出17.6%
5.2%
净利率更高
CF
高出32.3%
-5.8%
两年增速更快
CF
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.9B |
| 净利润 | $-193.0M | $495.0M |
| 毛利率 | — | 40.9% |
| 营业利润率 | -8.5% | 33.0% |
| 净利率 | -5.8% | 26.4% |
| 营收同比 | 5.2% | 22.8% |
| 净利润同比 | — | 26.3% |
| 每股收益（稀释后） | $-1.69 | $2.56 |
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ALKCF
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.9B | $1.6B |
净利润ALKCF
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $495.0M | ||
| Q3 25 | $73.0M | $460.0M | ||
| Q2 25 | $172.0M | $492.0M | ||
| Q1 25 | $-166.0M | $351.0M | ||
| Q4 24 | $71.0M | $392.0M | ||
| Q3 24 | $236.0M | $341.0M | ||
| Q2 24 | $220.0M | $506.0M |
毛利率ALKCF
| Q1 26 | — | — | ||
| Q4 25 | — | 40.9% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 34.4% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 43.2% |
营业利润率ALKCF
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 33.0% | ||
| Q3 25 | 3.9% | 35.0% | ||
| Q2 25 | 7.5% | 34.3% | ||
| Q1 25 | -6.3% | 27.4% | ||
| Q4 24 | 2.1% | 28.9% | ||
| Q3 24 | 11.1% | 26.6% | ||
| Q2 24 | 11.1% | 40.6% |
净利率ALKCF
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 26.4% | ||
| Q3 25 | 1.9% | 27.7% | ||
| Q2 25 | 4.6% | 26.0% | ||
| Q1 25 | -5.3% | 21.1% | ||
| Q4 24 | 2.0% | 25.7% | ||
| Q3 24 | 7.7% | 24.9% | ||
| Q2 24 | 7.6% | 32.2% |
每股收益（稀释后）ALKCF
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $2.56 | ||
| Q3 25 | $0.62 | $2.19 | ||
| Q2 25 | $1.42 | $2.37 | ||
| Q1 25 | $-1.35 | $1.85 | ||
| Q4 24 | $0.58 | $1.86 | ||
| Q3 24 | $1.84 | $1.55 | ||
| Q2 24 | $1.71 | $2.30 |
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 | $3.2B |
| 股东权益账面价值 | $3.7B | $4.8B |
| 总资产 | $20.3B | $14.1B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资ALKCF
| 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ALKCF
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $3.2B | ||
| Q3 25 | $5.0B | $3.0B | ||
| Q2 25 | $4.9B | $3.0B | ||
| Q1 25 | $4.8B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.6B | $3.0B | ||
| Q2 24 | $2.7B | $3.0B |
股东权益ALKCF
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $4.8B | ||
| Q3 25 | $4.0B | $4.8B | ||
| Q2 25 | $3.9B | $5.0B | ||
| Q1 25 | $4.1B | $4.8B | ||
| Q4 24 | $4.4B | $5.0B | ||
| Q3 24 | $4.5B | $5.2B | ||
| Q2 24 | $4.2B | $5.5B |
总资产ALKCF
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $14.1B | ||
| Q3 25 | $20.0B | $14.2B | ||
| Q2 25 | $19.9B | $13.8B | ||
| Q1 25 | $19.8B | $13.3B | ||
| Q4 24 | $19.8B | $13.5B | ||
| Q3 24 | $19.6B | $13.8B | ||
| Q2 24 | $15.3B | $13.8B |
负债/权益比ALKCF
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.66× | ||
| Q3 25 | 1.24× | 0.61× | ||
| Q2 25 | 1.26× | 0.60× | ||
| Q1 25 | 1.16× | 0.62× | ||
| Q4 24 | 1.04× | 0.60× | ||
| Q3 24 | 1.03× | 0.57× | ||
| Q2 24 | 0.63× | 0.54× |
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 | $539.0M |
| 自由现金流经营现金流 - 资本支出 | — | $313.0M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | 10.2% | 12.1% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流ALKCF
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $539.0M | ||
| Q3 25 | $229.0M | $1.1B | ||
| Q2 25 | $376.0M | $563.0M | ||
| Q1 25 | $459.0M | $586.0M | ||
| Q4 24 | $274.0M | $420.0M | ||
| Q3 24 | $318.0M | $931.0M | ||
| Q2 24 | $580.0M | $475.0M |
自由现金流ALKCF
| Q1 26 | — | — | ||
| Q4 25 | — | $313.0M | ||
| Q3 25 | — | $717.0M | ||
| Q2 25 | — | $318.0M | ||
| Q1 25 | — | $454.0M | ||
| Q4 24 | — | $223.0M | ||
| Q3 24 | — | $792.0M | ||
| Q2 24 | — | $391.0M |
自由现金流率ALKCF
| Q1 26 | — | — | ||
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 57.8% | ||
| Q2 24 | — | 24.9% |
资本支出强度ALKCF
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 5.3% |
现金转化率ALKCF
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.09× | ||
| Q3 25 | 3.14× | 2.31× | ||
| Q2 25 | 2.19× | 1.14× | ||
| Q1 25 | — | 1.67× | ||
| Q4 24 | 3.86× | 1.07× | ||
| Q3 24 | 1.35× | 2.73× | ||
| Q2 24 | 2.64× | 0.94× |
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
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
CF
| Ammonia | $591.0M | 32% |
| UAN | $493.0M | 26% |
| Urea | $372.0M | 20% |
| Other | $244.0M | 13% |
| Other Products | $147.0M | 8% |
| Ammonium Nitrate Segment | $25.0M | 1% |
