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阿拉斯加航空集团（ALK）与Deckers Brands（DECK）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Deckers Brands的1.7倍（$3.3B vs $2.0B），Deckers Brands净利率更高（24.6% vs -5.8%，领先30.4%），Deckers Brands同比增速更快（7.1% vs 5.2%），过去两年Deckers Brands的营收复合增速更高（42.8% 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。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
ALK vs DECK — 直观对比
营收规模更大
ALK
是对方的1.7倍
$2.0B
营收增速更快
DECK
高出1.9%
5.2%
净利率更高
DECK
高出30.4%
-5.8%
两年增速更快
DECK
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.0B |
| 净利润 | $-193.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | — | 31.4% |
| 净利率 | -5.8% | 24.6% |
| 营收同比 | 5.2% | 7.1% |
| 净利润同比 | -16.3% | 5.3% |
| 每股收益（稀释后） | $-1.69 | $3.33 |
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ALKDECK
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $2.0B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.7B | $964.5M | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.5B | $1.8B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $2.9B | $825.3M |
净利润ALKDECK
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $481.1M | ||
| Q3 25 | $73.0M | $268.2M | ||
| Q2 25 | $172.0M | $139.2M | ||
| Q1 25 | $-166.0M | $151.4M | ||
| Q4 24 | $71.0M | $456.7M | ||
| Q3 24 | $236.0M | $242.3M | ||
| Q2 24 | $220.0M | $115.6M |
毛利率ALKDECK
| Q1 26 | — | — | ||
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.9% |
营业利润率ALKDECK
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 31.4% | ||
| Q3 25 | 3.9% | 22.8% | ||
| Q2 25 | 7.5% | 17.1% | ||
| Q1 25 | -6.3% | 17.0% | ||
| Q4 24 | 2.1% | 31.0% | ||
| Q3 24 | 11.1% | 23.3% | ||
| Q2 24 | 11.1% | 16.1% |
净利率ALKDECK
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 24.6% | ||
| Q3 25 | 1.9% | 18.7% | ||
| Q2 25 | 4.6% | 14.4% | ||
| Q1 25 | -5.3% | 14.8% | ||
| Q4 24 | 2.0% | 25.0% | ||
| Q3 24 | 7.7% | 18.5% | ||
| Q2 24 | 7.6% | 14.0% |
每股收益（稀释后）ALKDECK
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $3.33 | ||
| Q3 25 | $0.62 | $1.82 | ||
| Q2 25 | $1.42 | $0.93 | ||
| Q1 25 | $-1.35 | $-2.78 | ||
| Q4 24 | $0.58 | $3.00 | ||
| Q3 24 | $1.84 | $1.59 | ||
| Q2 24 | $1.71 | $4.52 |
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 | $2.1B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $2.6B |
| 总资产 | $20.3B | $4.1B |
| 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ALKDECK
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $2.1B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.4B |
总债务ALKDECK
| 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ALKDECK
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $2.6B | ||
| Q3 25 | $4.0B | $2.5B | ||
| Q2 25 | $3.9B | $2.5B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $4.4B | $2.6B | ||
| Q3 24 | $4.5B | $2.2B | ||
| Q2 24 | $4.2B | $2.1B |
总资产ALKDECK
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $4.1B | ||
| Q3 25 | $20.0B | $3.8B | ||
| Q2 25 | $19.9B | $3.8B | ||
| Q1 25 | $19.8B | $3.6B | ||
| Q4 24 | $19.8B | $4.0B | ||
| Q3 24 | $19.6B | $3.4B | ||
| Q2 24 | $15.3B | $3.3B |
负债/权益比ALKDECK
| 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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 52.1% |
| 资本支出强度资本支出/营收 | 10.2% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $929.1M |
8季度趋势，按日历期对齐
经营现金流ALKDECK
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.0B | ||
| Q3 25 | $229.0M | $8.1M | ||
| Q2 25 | $376.0M | $36.1M | ||
| Q1 25 | $459.0M | $-73.0M | ||
| Q4 24 | $274.0M | $1.1B | ||
| Q3 24 | $318.0M | $-90.5M | ||
| Q2 24 | $580.0M | $112.7M |
自由现金流ALKDECK
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | — | $12.2M | ||
| Q1 25 | — | $-89.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $-113.4M | ||
| Q2 24 | — | $90.1M |
自由现金流率ALKDECK
| Q1 26 | — | — | ||
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | -8.8% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | -8.6% | ||
| Q2 24 | — | 10.9% |
资本支出强度ALKDECK
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.7% |
现金转化率ALKDECK
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 2.17× | ||
| Q3 25 | 3.14× | 0.03× | ||
| Q2 25 | 2.19× | 0.26× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | 3.86× | 2.40× | ||
| Q3 24 | 1.35× | -0.37× | ||
| Q2 24 | 2.64× | 0.97× |
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% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
