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阿拉斯加航空集团（ALK）与CONSTELLIUM SE（CSTM）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CONSTELLIUM SE的1.5倍（$3.3B vs $2.2B），CONSTELLIUM SE净利率更高（5.1% vs -5.8%，领先10.9%）
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。
康士励（Constellium SE）是一家源自美瑞、总部位于法国的全球铝制品制造商，主营各类先进合金制成的铝轧制产品、挤压材及结构件，旗下C-TEC研发中心在先进铝合金技术研发领域成果斐然，核心服务航空航天、汽车、包装三大领域，客户涵盖梅赛德斯-奔驰、奥迪、宝马、福特、空客、波音等知名企业。
ALK vs CSTM — 直观对比
营收规模更大
ALK
是对方的1.5倍
$2.2B
净利率更高
CSTM
高出10.9%
-5.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $-193.0M | $112.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 7.5% |
| 净利率 | -5.8% | 5.1% |
| 营收同比 | 5.2% | — |
| 净利润同比 | -16.3% | — |
| 每股收益（稀释后） | $-1.69 | $0.79 |
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ALKCSTM
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $2.2B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | $1.9B |
净利润ALKCSTM
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $112.0M | ||
| Q3 25 | $73.0M | $88.0M | ||
| Q2 25 | $172.0M | $36.0M | ||
| Q1 25 | $-166.0M | $37.0M | ||
| Q4 24 | $71.0M | — | ||
| Q3 24 | $236.0M | — | ||
| Q2 24 | $220.0M | $76.0M |
营业利润率ALKCSTM
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 7.5% | ||
| Q3 25 | 3.9% | 5.8% | ||
| Q2 25 | 7.5% | 2.7% | ||
| Q1 25 | -6.3% | 3.1% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 11.1% | 5.4% |
净利率ALKCSTM
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 5.1% | ||
| Q3 25 | 1.9% | 4.1% | ||
| Q2 25 | 4.6% | 1.7% | ||
| Q1 25 | -5.3% | 1.9% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 7.6% | 3.9% |
每股收益（稀释后）ALKCSTM
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.79 | ||
| Q3 25 | $0.62 | $0.62 | ||
| Q2 25 | $1.42 | $0.25 | ||
| Q1 25 | $-1.35 | $0.26 | ||
| Q4 24 | $0.58 | — | ||
| Q3 24 | $1.84 | — | ||
| Q2 24 | $1.71 | $0.51 |
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 | $120.0M |
| 总债务越低越好 | $5.3B | $1.9B |
| 股东权益账面价值 | $3.7B | $952.0M |
| 总资产 | $20.3B | $5.4B |
| 负债/权益比越低杠杆越低 | 1.43× | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资ALKCSTM
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $120.0M | ||
| Q3 25 | $2.3B | $122.0M | ||
| Q2 25 | $2.1B | $133.0M | ||
| Q1 25 | $2.5B | $118.0M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
总债务ALKCSTM
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $1.9B | ||
| Q3 25 | $5.0B | $2.0B | ||
| Q2 25 | $4.9B | $2.0B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.7B | — |
股东权益ALKCSTM
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $952.0M | ||
| Q3 25 | $4.0B | $845.0M | ||
| Q2 25 | $3.9B | $780.0M | ||
| Q1 25 | $4.1B | $745.0M | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.2B | $796.0M |
总资产ALKCSTM
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $5.4B | ||
| Q3 25 | $20.0B | $5.4B | ||
| Q2 25 | $19.9B | $5.4B | ||
| Q1 25 | $19.8B | $5.2B | ||
| Q4 24 | $19.8B | — | ||
| Q3 24 | $19.6B | — | ||
| Q2 24 | $15.3B | — |
负债/权益比ALKCSTM
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 2.00× | ||
| Q3 25 | 1.24× | 2.34× | ||
| Q2 25 | 1.26× | 2.53× | ||
| Q1 25 | 1.16× | 2.56× | ||
| 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 | $218.0M |
| 自由现金流经营现金流 - 资本支出 | — | $109.0M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | 10.2% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.95× |
| 过去12个月自由现金流最近4个季度 | — | $159.0M |
8季度趋势，按日历期对齐
经营现金流ALKCSTM
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $218.0M | ||
| Q3 25 | $229.0M | $99.0M | ||
| Q2 25 | $376.0M | $114.0M | ||
| Q1 25 | $459.0M | $58.0M | ||
| Q4 24 | $274.0M | — | ||
| Q3 24 | $318.0M | — | ||
| Q2 24 | $580.0M | $138.0M |
自由现金流ALKCSTM
| Q1 26 | — | — | ||
| Q4 25 | — | $109.0M | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $54.0M |
自由现金流率ALKCSTM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.8% |
资本支出强度ALKCSTM
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.3% |
现金转化率ALKCSTM
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.95× | ||
| Q3 25 | 3.14× | 1.13× | ||
| Q2 25 | 2.19× | 3.17× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | 3.86× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 2.64× | 1.82× |
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% |
CSTM
| Packaging Rolled Products | $1.0B | 46% |
| Automotive Rolled Products | $318.0M | 14% |
| Aerospace Rolled Products | $270.0M | 12% |
| Transportation Industry Defense And Other Rolled Products | $232.0M | 11% |
| Automotive Extruded Products | $220.0M | 10% |
| Other Extruded Products | $132.0M | 6% |
| Specialty And Other Thin Rolled Products | $22.0M | 1% |
