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阿拉斯加航空集团（ALK）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是阿拉斯加航空集团的1.2倍（$4.0B vs $3.3B），DoorDash净利率更高（5.4% vs -5.8%，领先11.2%），DoorDash同比增速更快（37.7% vs 5.2%），过去两年DoorDash的营收复合增速更高（25.5% 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。
DoorDash是美国头部在线订餐及配送平台，也是美国规模最大的外卖配送服务商，占据当地外卖配送市场56%的份额，便民配送品类市场占比更是高达60%。截至2020年12月31日，平台合作商户超45万家，服务消费者超2000万，注册配送员数量突破100万。
ALK vs DASH — 直观对比
营收规模更大
DASH
是对方的1.2倍
$3.3B
营收增速更快
DASH
高出32.5%
5.2%
净利率更高
DASH
高出11.2%
-5.8%
两年增速更快
DASH
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.0B |
| 净利润 | $-193.0M | $213.0M |
| 毛利率 | — | — |
| 营业利润率 | -8.5% | 3.7% |
| 净利率 | -5.8% | 5.4% |
| 营收同比 | 5.2% | 37.7% |
| 净利润同比 | — | 51.1% |
| 每股收益（稀释后） | $-1.69 | $0.49 |
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ALKDASH
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $4.0B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $3.1B | $3.0B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.6B |
净利润ALKDASH
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $213.0M | ||
| Q3 25 | $73.0M | $244.0M | ||
| Q2 25 | $172.0M | $285.0M | ||
| Q1 25 | $-166.0M | $193.0M | ||
| Q4 24 | $71.0M | $141.0M | ||
| Q3 24 | $236.0M | $162.0M | ||
| Q2 24 | $220.0M | $-157.0M |
营业利润率ALKDASH
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 3.7% | ||
| Q3 25 | 3.9% | 7.5% | ||
| Q2 25 | 7.5% | 5.0% | ||
| Q1 25 | -6.3% | 5.1% | ||
| Q4 24 | 2.1% | 4.1% | ||
| Q3 24 | 11.1% | 4.0% | ||
| Q2 24 | 11.1% | -7.6% |
净利率ALKDASH
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 5.4% | ||
| Q3 25 | 1.9% | 7.1% | ||
| Q2 25 | 4.6% | 8.7% | ||
| Q1 25 | -5.3% | 6.4% | ||
| Q4 24 | 2.0% | 4.9% | ||
| Q3 24 | 7.7% | 6.0% | ||
| Q2 24 | 7.6% | -6.0% |
每股收益（稀释后）ALKDASH
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.49 | ||
| Q3 25 | $0.62 | $0.55 | ||
| Q2 25 | $1.42 | $0.65 | ||
| Q1 25 | $-1.35 | $0.44 | ||
| Q4 24 | $0.58 | $0.35 | ||
| Q3 24 | $1.84 | $0.38 | ||
| Q2 24 | $1.71 | $-0.38 |
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 | $4.4B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $10.0B |
| 总资产 | $20.3B | $19.7B |
| 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ALKDASH
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $4.4B | ||
| Q3 25 | $2.3B | $3.3B | ||
| Q2 25 | $2.1B | $3.9B | ||
| Q1 25 | $2.5B | $4.5B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $2.5B | $3.7B | ||
| Q2 24 | $2.5B | $3.4B |
总债务ALKDASH
| 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ALKDASH
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $10.0B | ||
| Q3 25 | $4.0B | $9.5B | ||
| Q2 25 | $3.9B | $8.9B | ||
| Q1 25 | $4.1B | $8.4B | ||
| Q4 24 | $4.4B | $7.8B | ||
| Q3 24 | $4.5B | $7.6B | ||
| Q2 24 | $4.2B | $7.2B |
总资产ALKDASH
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $19.7B | ||
| Q3 25 | $20.0B | $18.0B | ||
| Q2 25 | $19.9B | $16.9B | ||
| Q1 25 | $19.8B | $13.6B | ||
| Q4 24 | $19.8B | $12.8B | ||
| Q3 24 | $19.6B | $12.3B | ||
| Q2 24 | $15.3B | $11.8B |
负债/权益比ALKDASH
| 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 | $421.0M |
| 自由现金流经营现金流 - 资本支出 | — | $367.0M |
| 自由现金流率自由现金流/营收 | — | 9.3% |
| 资本支出强度资本支出/营收 | 10.2% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $2.2B |
8季度趋势，按日历期对齐
经营现金流ALKDASH
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $421.0M | ||
| Q3 25 | $229.0M | $871.0M | ||
| Q2 25 | $376.0M | $504.0M | ||
| Q1 25 | $459.0M | $635.0M | ||
| Q4 24 | $274.0M | $518.0M | ||
| Q3 24 | $318.0M | $531.0M | ||
| Q2 24 | $580.0M | $530.0M |
自由现金流ALKDASH
| Q1 26 | — | — | ||
| Q4 25 | — | $367.0M | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | — | $438.0M | ||
| Q1 25 | — | $561.0M | ||
| Q4 24 | — | $486.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | — | $507.0M |
自由现金流率ALKDASH
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 18.5% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 19.3% |
资本支出强度ALKDASH
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% |
现金转化率ALKDASH
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.98× | ||
| Q3 25 | 3.14× | 3.57× | ||
| Q2 25 | 2.19× | 1.77× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | 3.86× | 3.67× | ||
| Q3 24 | 1.35× | 3.28× | ||
| 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
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
DASH
暂无分部数据
