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阿拉斯加航空集团（ALK）与CVR ENERGY INC（CVI）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CVR ENERGY INC的1.8倍（$3.3B vs $1.8B），阿拉斯加航空集团净利率更高（-5.8% vs -6.1%，领先0.2%），阿拉斯加航空集团同比增速更快（5.2% vs -7.0%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs -1.4%）
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。
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
ALK vs CVI — 直观对比
营收规模更大
ALK
是对方的1.8倍
$1.8B
营收增速更快
ALK
高出12.2%
-7.0%
净利率更高
ALK
高出0.2%
-6.1%
两年增速更快
ALK
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.8B |
| 净利润 | $-193.0M | $-110.0M |
| 毛利率 | — | -3.1% |
| 营业利润率 | — | -5.3% |
| 净利率 | -5.8% | -6.1% |
| 营收同比 | 5.2% | -7.0% |
| 净利润同比 | -16.3% | -492.9% |
| 每股收益（稀释后） | $-1.69 | $-1.09 |
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ALKCVI
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $1.8B | ||
| Q3 25 | $3.8B | $1.9B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.5B | $1.9B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $2.9B | $2.0B |
净利润ALKCVI
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $-110.0M | ||
| Q3 25 | $73.0M | $374.0M | ||
| Q2 25 | $172.0M | $-114.0M | ||
| Q1 25 | $-166.0M | $-123.0M | ||
| Q4 24 | $71.0M | $28.0M | ||
| Q3 24 | $236.0M | $-124.0M | ||
| Q2 24 | $220.0M | $21.0M |
毛利率ALKCVI
| Q1 26 | — | — | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 2.9% |
营业利润率ALKCVI
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | -5.3% | ||
| Q3 25 | 3.9% | 26.3% | ||
| Q2 25 | 7.5% | -5.8% | ||
| Q1 25 | -6.3% | -8.0% | ||
| Q4 24 | 2.1% | 1.1% | ||
| Q3 24 | 11.1% | -6.2% | ||
| Q2 24 | 11.1% | 1.4% |
净利率ALKCVI
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | -6.1% | ||
| Q3 25 | 1.9% | 19.2% | ||
| Q2 25 | 4.6% | -6.5% | ||
| Q1 25 | -5.3% | -7.5% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 7.7% | -6.8% | ||
| Q2 24 | 7.6% | 1.1% |
每股收益（稀释后）ALKCVI
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $-1.09 | ||
| Q3 25 | $0.62 | $3.72 | ||
| Q2 25 | $1.42 | $-1.14 | ||
| Q1 25 | $-1.35 | $-1.22 | ||
| Q4 24 | $0.58 | $0.28 | ||
| Q3 24 | $1.84 | $-1.24 | ||
| Q2 24 | $1.71 | $0.21 |
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 | $511.0M |
| 总债务越低越好 | $5.3B | $1.8B |
| 股东权益账面价值 | $3.7B | $730.0M |
| 总资产 | $20.3B | $3.7B |
| 负债/权益比越低杠杆越低 | 1.43× | 2.40× |
8季度趋势，按日历期对齐
现金及短期投资ALKCVI
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $511.0M | ||
| Q3 25 | $2.3B | $670.0M | ||
| Q2 25 | $2.1B | $596.0M | ||
| Q1 25 | $2.5B | $695.0M | ||
| Q4 24 | $2.5B | $987.0M | ||
| Q3 24 | $2.5B | $534.0M | ||
| Q2 24 | $2.5B | $586.0M |
总债务ALKCVI
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $4.9B | $1.8B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.6B | $1.6B | ||
| Q2 24 | $2.7B | $1.6B |
股东权益ALKCVI
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $730.0M | ||
| Q3 25 | $4.0B | $840.0M | ||
| Q2 25 | $3.9B | $466.0M | ||
| Q1 25 | $4.1B | $580.0M | ||
| Q4 24 | $4.4B | $703.0M | ||
| Q3 24 | $4.5B | $675.0M | ||
| Q2 24 | $4.2B | $849.0M |
总资产ALKCVI
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $3.7B | ||
| Q3 25 | $20.0B | $4.0B | ||
| Q2 25 | $19.9B | $4.0B | ||
| Q1 25 | $19.8B | $4.3B | ||
| Q4 24 | $19.8B | $4.3B | ||
| Q3 24 | $19.6B | $3.9B | ||
| Q2 24 | $15.3B | $4.0B |
负债/权益比ALKCVI
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 2.40× | ||
| Q3 25 | 1.24× | 2.17× | ||
| Q2 25 | 1.26× | 3.97× | ||
| Q1 25 | 1.16× | 3.29× | ||
| Q4 24 | 1.04× | 2.71× | ||
| Q3 24 | 1.03× | 2.33× | ||
| Q2 24 | 0.63× | 1.86× |
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 | $0 |
| 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% | 3.0% |
| 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ALKCVI
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $0 | ||
| Q3 25 | $229.0M | $163.0M | ||
| Q2 25 | $376.0M | $176.0M | ||
| Q1 25 | $459.0M | $-195.0M | ||
| Q4 24 | $274.0M | $98.0M | ||
| Q3 24 | $318.0M | $48.0M | ||
| Q2 24 | $580.0M | $81.0M |
自由现金流ALKCVI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $125.0M | ||
| Q2 25 | — | $135.0M | ||
| Q1 25 | — | $-246.0M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $38.0M |
自由现金流率ALKCVI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | -14.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.9% |
资本支出强度ALKCVI
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.2% |
现金转化率ALKCVI
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | — | ||
| Q3 25 | 3.14× | 0.44× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.86× | 3.50× | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 2.64× | 3.86× |
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% |
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
