vs
阿拉斯加航空集团（ALK）与美国艺电（EA）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美国艺电的1.7倍（$3.3B vs $1.9B），美国艺电净利率更高（4.6% vs -5.8%，领先10.5%），阿拉斯加航空集团同比增速更快（5.2% vs 1.0%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs 3.4%）
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。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
ALK vs EA — 直观对比
营收规模更大
ALK
是对方的1.7倍
$1.9B
营收增速更快
ALK
高出4.2%
1.0%
净利率更高
EA
高出10.5%
-5.8%
两年增速更快
ALK
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.9B |
| 净利润 | $-193.0M | $88.0M |
| 毛利率 | — | 73.8% |
| 营业利润率 | — | 6.7% |
| 净利率 | -5.8% | 4.6% |
| 营收同比 | 5.2% | 1.0% |
| 净利润同比 | -16.3% | -70.0% |
| 每股收益（稀释后） | $-1.69 | $0.35 |
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ALKEA
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.5B | $1.9B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $1.7B |
净利润ALKEA
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $88.0M | ||
| Q3 25 | $73.0M | $137.0M | ||
| Q2 25 | $172.0M | $201.0M | ||
| Q1 25 | $-166.0M | $254.0M | ||
| Q4 24 | $71.0M | $293.0M | ||
| Q3 24 | $236.0M | $294.0M | ||
| Q2 24 | $220.0M | $280.0M |
毛利率ALKEA
| Q1 26 | — | — | ||
| Q4 25 | — | 73.8% | ||
| Q3 25 | — | 75.9% | ||
| Q2 25 | — | 83.3% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 84.2% |
营业利润率ALKEA
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 6.7% | ||
| Q3 25 | 3.9% | 10.9% | ||
| Q2 25 | 7.5% | 16.2% | ||
| Q1 25 | -6.3% | 20.8% | ||
| Q4 24 | 2.1% | 20.0% | ||
| Q3 24 | 11.1% | 19.0% | ||
| Q2 24 | 11.1% | 21.9% |
净利率ALKEA
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 4.6% | ||
| Q3 25 | 1.9% | 7.4% | ||
| Q2 25 | 4.6% | 12.0% | ||
| Q1 25 | -5.3% | 13.4% | ||
| Q4 24 | 2.0% | 15.6% | ||
| Q3 24 | 7.7% | 14.5% | ||
| Q2 24 | 7.6% | 16.9% |
每股收益（稀释后）ALKEA
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.35 | ||
| Q3 25 | $0.62 | $0.54 | ||
| Q2 25 | $1.42 | $0.79 | ||
| Q1 25 | $-1.35 | $0.99 | ||
| Q4 24 | $0.58 | $1.11 | ||
| Q3 24 | $1.84 | $1.11 | ||
| Q2 24 | $1.71 | $1.04 |
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 | $2.8B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $6.2B |
| 总资产 | $20.3B | $13.3B |
| 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ALKEA
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $2.8B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.5B | $2.4B |
总债务ALKEA
| 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ALKEA
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $6.2B | ||
| Q3 25 | $4.0B | $6.0B | ||
| Q2 25 | $3.9B | $6.1B | ||
| Q1 25 | $4.1B | $6.4B | ||
| Q4 24 | $4.4B | $7.4B | ||
| Q3 24 | $4.5B | $7.4B | ||
| Q2 24 | $4.2B | $7.4B |
总资产ALKEA
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $13.3B | ||
| Q3 25 | $20.0B | $11.9B | ||
| Q2 25 | $19.9B | $11.7B | ||
| Q1 25 | $19.8B | $12.4B | ||
| Q4 24 | $19.8B | $13.5B | ||
| Q3 24 | $19.6B | $13.1B | ||
| Q2 24 | $15.3B | $12.7B |
负债/权益比ALKEA
| 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 | $1.8B |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | 20.75× |
| 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ALKEA
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.8B | ||
| Q3 25 | $229.0M | $130.0M | ||
| Q2 25 | $376.0M | $17.0M | ||
| Q1 25 | $459.0M | $549.0M | ||
| Q4 24 | $274.0M | $1.2B | ||
| Q3 24 | $318.0M | $234.0M | ||
| Q2 24 | $580.0M | $120.0M |
资本支出强度ALKEA
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率ALKEA
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 20.75× | ||
| Q3 25 | 3.14× | 0.95× | ||
| Q2 25 | 2.19× | 0.08× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | 3.86× | 4.01× | ||
| Q3 24 | 1.35× | 0.80× | ||
| 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% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
