vs
阿拉斯加航空集团（ALK）与荷美尔食品（HRL）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荷美尔食品的1.0倍（$3.3B vs $3.2B），荷美尔食品净利率更高（-1.8% vs -5.8%，领先4.1%），阿拉斯加航空集团同比增速更快（5.2% vs 1.5%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs 3.1%）
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。
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
ALK vs HRL — 直观对比
营收规模更大
ALK
是对方的1.0倍
$3.2B
营收增速更快
ALK
高出3.7%
1.5%
净利率更高
HRL
高出4.1%
-5.8%
两年增速更快
ALK
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.2B |
| 净利润 | $-193.0M | $-56.1M |
| 毛利率 | — | 14.0% |
| 营业利润率 | — | 0.1% |
| 净利率 | -5.8% | -1.8% |
| 营收同比 | 5.2% | 1.5% |
| 净利润同比 | -16.3% | -125.5% |
| 每股收益（稀释后） | $-1.69 | $-0.10 |
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ALKHRL
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $3.2B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.7B | $2.9B | ||
| Q1 25 | $3.1B | $3.0B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $2.9B |
净利润ALKHRL
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $-56.1M | ||
| Q3 25 | $73.0M | $183.7M | ||
| Q2 25 | $172.0M | $180.0M | ||
| Q1 25 | $-166.0M | $170.6M | ||
| Q4 24 | $71.0M | $220.2M | ||
| Q3 24 | $236.0M | $176.7M | ||
| Q2 24 | $220.0M | $189.3M |
毛利率ALKHRL
| Q1 26 | — | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 17.4% |
营业利润率ALKHRL
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 3.9% | 7.9% | ||
| Q2 25 | 7.5% | 8.6% | ||
| Q1 25 | -6.3% | 7.6% | ||
| Q4 24 | 2.1% | 9.4% | ||
| Q3 24 | 11.1% | 8.2% | ||
| Q2 24 | 11.1% | 8.7% |
净利率ALKHRL
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | -1.8% | ||
| Q3 25 | 1.9% | 6.1% | ||
| Q2 25 | 4.6% | 6.2% | ||
| Q1 25 | -5.3% | 5.7% | ||
| Q4 24 | 2.0% | 7.0% | ||
| Q3 24 | 7.7% | 6.1% | ||
| Q2 24 | 7.6% | 6.6% |
每股收益（稀释后）ALKHRL
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $-0.10 | ||
| Q3 25 | $0.62 | $0.33 | ||
| Q2 25 | $1.42 | $0.33 | ||
| Q1 25 | $-1.35 | $0.31 | ||
| Q4 24 | $0.58 | $0.41 | ||
| Q3 24 | $1.84 | $0.32 | ||
| Q2 24 | $1.71 | $0.34 |
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 | $703.6M |
| 总债务越低越好 | $5.3B | $2.9B |
| 股东权益账面价值 | $3.7B | $7.9B |
| 总资产 | $20.3B | $13.4B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资ALKHRL
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $703.6M | ||
| Q3 25 | $2.3B | $630.7M | ||
| Q2 25 | $2.1B | $699.0M | ||
| Q1 25 | $2.5B | $866.4M | ||
| Q4 24 | $2.5B | $766.6M | ||
| Q3 24 | $2.5B | $561.9M | ||
| Q2 24 | $2.5B | $1.5B |
总债务ALKHRL
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $5.0B | $2.9B | ||
| Q2 25 | $4.9B | $2.9B | ||
| Q1 25 | $4.8B | $2.9B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $2.7B | $2.9B |
股东权益ALKHRL
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $7.9B | ||
| Q3 25 | $4.0B | $8.1B | ||
| Q2 25 | $3.9B | $8.0B | ||
| Q1 25 | $4.1B | $8.0B | ||
| Q4 24 | $4.4B | $8.0B | ||
| Q3 24 | $4.5B | $7.9B | ||
| Q2 24 | $4.2B | $7.9B |
总资产ALKHRL
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $13.4B | ||
| Q3 25 | $20.0B | $13.5B | ||
| Q2 25 | $19.9B | $13.4B | ||
| Q1 25 | $19.8B | $13.4B | ||
| Q4 24 | $19.8B | $13.4B | ||
| Q3 24 | $19.6B | $13.1B | ||
| Q2 24 | $15.3B | $14.1B |
负债/权益比ALKHRL
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.36× | ||
| Q3 25 | 1.24× | 0.35× | ||
| Q2 25 | 1.26× | 0.35× | ||
| Q1 25 | 1.16× | 0.36× | ||
| Q4 24 | 1.04× | 0.36× | ||
| Q3 24 | 1.03× | 0.36× | ||
| Q2 24 | 0.63× | 0.36× |
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 | $322.9M |
| 自由现金流经营现金流 - 资本支出 | — | $231.4M |
| 自由现金流率自由现金流/营收 | — | 7.3% |
| 资本支出强度资本支出/营收 | 10.2% | 2.9% |
| 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 | — | $534.3M |
8季度趋势，按日历期对齐
经营现金流ALKHRL
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $322.9M | ||
| Q3 25 | $229.0M | $156.7M | ||
| Q2 25 | $376.0M | $56.4M | ||
| Q1 25 | $459.0M | $309.2M | ||
| Q4 24 | $274.0M | $408.6M | ||
| Q3 24 | $318.0M | $218.0M | ||
| Q2 24 | $580.0M | $236.1M |
自由现金流ALKHRL
| Q1 26 | — | — | ||
| Q4 25 | — | $231.4M | ||
| Q3 25 | — | $84.5M | ||
| Q2 25 | — | $-18.6M | ||
| Q1 25 | — | $237.0M | ||
| Q4 24 | — | $324.8M | ||
| Q3 24 | — | $152.5M | ||
| Q2 24 | — | $176.2M |
自由现金流率ALKHRL
| Q1 26 | — | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 6.1% |
资本支出强度ALKHRL
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.1% |
现金转化率ALKHRL
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | — | ||
| Q3 25 | 3.14× | 0.85× | ||
| Q2 25 | 2.19× | 0.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | 3.86× | 1.86× | ||
| Q3 24 | 1.35× | 1.23× | ||
| Q2 24 | 2.64× | 1.25× |
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% |
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
