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阿拉斯加航空集团（ALK）与格罗方德（GFS）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格罗方德的2.0倍（$3.3B vs $1.7B），格罗方德净利率更高（14.8% vs -5.8%，领先20.6%），阿拉斯加航空集团同比增速更快（5.2% vs -2.9%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
ALK vs GFS — 直观对比
营收规模更大
ALK
是对方的2.0倍
$1.7B
营收增速更快
ALK
高出8.1%
-2.9%
净利率更高
GFS
高出20.6%
-5.8%
两年增速更快
ALK
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.7B |
| 净利润 | $-193.0M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | — | 11.6% |
| 净利率 | -5.8% | 14.8% |
| 营收同比 | 5.2% | -2.9% |
| 净利润同比 | -16.3% | 39.9% |
| 每股收益（稀释后） | $-1.69 | $0.44 |
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ALKGFS
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $2.9B | $1.6B |
净利润ALKGFS
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | — | ||
| Q3 25 | $73.0M | $249.0M | ||
| Q2 25 | $172.0M | $228.0M | ||
| Q1 25 | $-166.0M | $211.0M | ||
| Q4 24 | $71.0M | — | ||
| Q3 24 | $236.0M | $178.0M | ||
| Q2 24 | $220.0M | $155.0M |
毛利率ALKGFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% |
营业利润率ALKGFS
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 3.9% | 11.6% | ||
| Q2 25 | 7.5% | 11.6% | ||
| Q1 25 | -6.3% | 9.5% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 11.1% | 10.6% | ||
| Q2 24 | 11.1% | 9.5% |
净利率ALKGFS
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.9% | 14.8% | ||
| Q2 25 | 4.6% | 13.5% | ||
| Q1 25 | -5.3% | 13.3% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 7.7% | 10.2% | ||
| Q2 24 | 7.6% | 9.5% |
每股收益（稀释后）ALKGFS
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.62 | $0.44 | ||
| Q2 25 | $1.42 | $0.41 | ||
| Q1 25 | $-1.35 | $0.38 | ||
| Q4 24 | $0.58 | — | ||
| Q3 24 | $1.84 | $0.32 | ||
| Q2 24 | $1.71 | $0.28 |
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 | $2.0B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $11.8B |
| 总资产 | $20.3B | $16.7B |
| 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ALKGFS
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | — | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | $2.3B | ||
| Q2 24 | $2.5B | $2.2B |
总债务ALKGFS
| 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ALKGFS
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.0B | $11.8B | ||
| Q2 25 | $3.9B | $11.5B | ||
| Q1 25 | $4.1B | $11.1B | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.5B | $11.6B | ||
| Q2 24 | $4.2B | $11.3B |
总资产ALKGFS
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | — | ||
| Q3 25 | $20.0B | $16.7B | ||
| Q2 25 | $19.9B | $16.8B | ||
| Q1 25 | $19.8B | $16.5B | ||
| Q4 24 | $19.8B | — | ||
| Q3 24 | $19.6B | $18.1B | ||
| Q2 24 | $15.3B | — |
负债/权益比ALKGFS
| 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 | $595.0M |
| 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 | — | 2.39× |
| 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ALKGFS
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | — | ||
| Q3 25 | $229.0M | $595.0M | ||
| Q2 25 | $376.0M | $431.0M | ||
| Q1 25 | $459.0M | $331.0M | ||
| Q4 24 | $274.0M | — | ||
| Q3 24 | $318.0M | $375.0M | ||
| Q2 24 | $580.0M | $402.0M |
资本支出强度ALKGFS
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率ALKGFS
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | — | ||
| Q3 25 | 3.14× | 2.39× | ||
| Q2 25 | 2.19× | 1.89× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | 3.86× | — | ||
| Q3 24 | 1.35× | 2.11× | ||
| Q2 24 | 2.64× | 2.59× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
