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阿拉斯加航空集团（ALK）与科迪华（CTVA）财务数据对比。点击上方公司名可切换其他公司
科迪华的季度营收约是阿拉斯加航空集团的1.2倍（$3.9B vs $3.3B），阿拉斯加航空集团净利率更高（-5.8% vs -14.1%，领先8.3%），阿拉斯加航空集团同比增速更快（5.2% vs -1.7%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% 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。
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
ALK vs CTVA — 直观对比
营收规模更大
CTVA
是对方的1.2倍
$3.3B
营收增速更快
ALK
高出6.9%
-1.7%
净利率更高
ALK
高出8.3%
-14.1%
两年增速更快
ALK
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.9B |
| 净利润 | $-193.0M | $-552.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | — | -13.6% |
| 净利率 | -5.8% | -14.1% |
| 营收同比 | 5.2% | -1.7% |
| 净利润同比 | -16.3% | -1246.3% |
| 每股收益（稀释后） | $-1.69 | $-0.80 |
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ALKCTVA
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $3.9B | ||
| Q3 25 | $3.8B | $2.6B | ||
| Q2 25 | $3.7B | $6.5B | ||
| Q1 25 | $3.1B | $4.4B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $6.1B |
净利润ALKCTVA
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $-552.0M | ||
| Q3 25 | $73.0M | $-320.0M | ||
| Q2 25 | $172.0M | $1.3B | ||
| Q1 25 | $-166.0M | $652.0M | ||
| Q4 24 | $71.0M | $-41.0M | ||
| Q3 24 | $236.0M | $-524.0M | ||
| Q2 24 | $220.0M | $1.1B |
毛利率ALKCTVA
| Q1 26 | — | — | ||
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 54.6% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 52.3% |
营业利润率ALKCTVA
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | -13.6% | ||
| Q3 25 | 3.9% | -14.1% | ||
| Q2 25 | 7.5% | 27.9% | ||
| Q1 25 | -6.3% | 17.7% | ||
| Q4 24 | 2.1% | 2.2% | ||
| Q3 24 | 11.1% | -27.2% | ||
| Q2 24 | 11.1% | 21.9% |
净利率ALKCTVA
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | -14.1% | ||
| Q3 25 | 1.9% | -12.2% | ||
| Q2 25 | 4.6% | 20.4% | ||
| Q1 25 | -5.3% | 14.8% | ||
| Q4 24 | 2.0% | -1.0% | ||
| Q3 24 | 7.7% | -22.5% | ||
| Q2 24 | 7.6% | 17.2% |
每股收益（稀释后）ALKCTVA
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $-0.80 | ||
| Q3 25 | $0.62 | $-0.47 | ||
| Q2 25 | $1.42 | $1.92 | ||
| Q1 25 | $-1.35 | $0.95 | ||
| Q4 24 | $0.58 | $-0.05 | ||
| Q3 24 | $1.84 | $-0.76 | ||
| Q2 24 | $1.71 | $1.51 |
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 | $4.5B |
| 总债务越低越好 | $5.3B | $1.7B |
| 股东权益账面价值 | $3.7B | $24.1B |
| 总资产 | $20.3B | $42.8B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资ALKCTVA
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $4.5B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.5B | $2.0B | ||
| Q4 24 | $2.5B | $3.2B | ||
| Q3 24 | $2.5B | $2.5B | ||
| Q2 24 | $2.5B | $2.0B |
总债务ALKCTVA
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $1.7B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $4.9B | $1.7B | ||
| Q1 25 | $4.8B | $1.8B | ||
| Q4 24 | $4.5B | $2.0B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | $2.7B | $2.5B |
股东权益ALKCTVA
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $24.1B | ||
| Q3 25 | $4.0B | $25.2B | ||
| Q2 25 | $3.9B | $25.9B | ||
| Q1 25 | $4.1B | $24.3B | ||
| Q4 24 | $4.4B | $23.8B | ||
| Q3 24 | $4.5B | $24.7B | ||
| Q2 24 | $4.2B | $25.2B |
总资产ALKCTVA
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $42.8B | ||
| Q3 25 | $20.0B | $42.2B | ||
| Q2 25 | $19.9B | $41.8B | ||
| Q1 25 | $19.8B | $42.1B | ||
| Q4 24 | $19.8B | $40.8B | ||
| Q3 24 | $19.6B | $41.9B | ||
| Q2 24 | $15.3B | $41.5B |
负债/权益比ALKCTVA
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.07× | ||
| Q3 25 | 1.24× | 0.07× | ||
| Q2 25 | 1.26× | 0.07× | ||
| Q1 25 | 1.16× | 0.07× | ||
| Q4 24 | 1.04× | 0.08× | ||
| Q3 24 | 1.03× | 0.08× | ||
| Q2 24 | 0.63× | 0.10× |
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 | $4.4B |
| 自由现金流经营现金流 - 资本支出 | — | $4.2B |
| 自由现金流率自由现金流/营收 | — | 106.2% |
| 资本支出强度资本支出/营收 | 10.2% | 5.7% |
| 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 | — | $2.8B |
8季度趋势，按日历期对齐
经营现金流ALKCTVA
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $4.4B | ||
| Q3 25 | $229.0M | $193.0M | ||
| Q2 25 | $376.0M | $947.0M | ||
| Q1 25 | $459.0M | $-2.1B | ||
| Q4 24 | $274.0M | $4.2B | ||
| Q3 24 | $318.0M | $130.0M | ||
| Q2 24 | $580.0M | $451.0M |
自由现金流ALKCTVA
| Q1 26 | — | — | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $36.0M | ||
| Q2 25 | — | $829.0M | ||
| Q1 25 | — | $-2.2B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $-24.0M | ||
| Q2 24 | — | $337.0M |
自由现金流率ALKCTVA
| Q1 26 | — | — | ||
| Q4 25 | — | 106.2% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | -49.9% | ||
| Q4 24 | — | 100.4% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 5.5% |
资本支出强度ALKCTVA
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 1.9% |
现金转化率ALKCTVA
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | — | ||
| Q3 25 | 3.14× | — | ||
| Q2 25 | 2.19× | 0.72× | ||
| Q1 25 | — | -3.23× | ||
| Q4 24 | 3.86× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 2.64× | 0.43× |
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% |
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
