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阿拉斯加航空集团（ALK）与金佰利（KMB）财务数据对比。点击上方公司名可切换其他公司
金佰利的季度营收约是阿拉斯加航空集团的1.3倍（$4.2B vs $3.3B），金佰利净利率更高（16.2% vs -5.8%，领先22.1%），阿拉斯加航空集团同比增速更快（5.2% vs 2.7%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs -9.0%）
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。
金佰利是源自美国的跨国消费品及个人护理集团，主打纸质类消费品，同时生产卫生用纸制品、外科及医疗器具。旗下拥有舒洁面巾纸、高洁丝女性护理产品、好奇纸尿裤及婴儿湿巾、Scott卫生纸等知名品牌，产品销往全球多个国家和地区。
ALK vs KMB — 直观对比
营收规模更大
KMB
是对方的1.3倍
$3.3B
营收增速更快
ALK
高出2.5%
2.7%
净利率更高
KMB
高出22.1%
-5.8%
两年增速更快
ALK
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.2B |
| 净利润 | $-193.0M | $675.0M |
| 毛利率 | — | 36.8% |
| 营业利润率 | — | 18.1% |
| 净利率 | -5.8% | 16.2% |
| 营收同比 | 5.2% | 2.7% |
| 净利润同比 | -16.3% | 17.8% |
| 每股收益（稀释后） | $-1.69 | $2.00 |
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ALKKMB
| Q1 26 | $3.3B | $4.2B | ||
| Q4 25 | $3.6B | $3.3B | ||
| Q3 25 | $3.8B | $4.2B | ||
| Q2 25 | $3.7B | $4.2B | ||
| Q1 25 | $3.1B | $4.8B | ||
| Q4 24 | $3.5B | $4.9B | ||
| Q3 24 | $3.1B | $5.0B | ||
| Q2 24 | $2.9B | $5.0B |
净利润ALKKMB
| Q1 26 | $-193.0M | $675.0M | ||
| Q4 25 | $21.0M | $499.0M | ||
| Q3 25 | $73.0M | $446.0M | ||
| Q2 25 | $172.0M | $509.0M | ||
| Q1 25 | $-166.0M | $567.0M | ||
| Q4 24 | $71.0M | $447.0M | ||
| Q3 24 | $236.0M | $907.0M | ||
| Q2 24 | $220.0M | $544.0M |
毛利率ALKKMB
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 36.0% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 36.0% |
营业利润率ALKKMB
| Q1 26 | — | 18.1% | ||
| Q4 25 | 2.1% | 11.2% | ||
| Q3 25 | 3.9% | 15.0% | ||
| Q2 25 | 7.5% | 14.2% | ||
| Q1 25 | -6.3% | 15.9% | ||
| Q4 24 | 2.1% | 11.1% | ||
| Q3 24 | 11.1% | 23.3% | ||
| Q2 24 | 11.1% | 13.0% |
净利率ALKKMB
| Q1 26 | -5.8% | 16.2% | ||
| Q4 25 | 0.6% | 15.1% | ||
| Q3 25 | 1.9% | 10.7% | ||
| Q2 25 | 4.6% | 12.2% | ||
| Q1 25 | -5.3% | 11.7% | ||
| Q4 24 | 2.0% | 9.1% | ||
| Q3 24 | 7.7% | 18.3% | ||
| Q2 24 | 7.6% | 10.8% |
每股收益（稀释后）ALKKMB
| Q1 26 | $-1.69 | $2.00 | ||
| Q4 25 | $0.14 | $1.50 | ||
| Q3 25 | $0.62 | $1.34 | ||
| Q2 25 | $1.42 | $1.53 | ||
| Q1 25 | $-1.35 | $1.70 | ||
| Q4 24 | $0.58 | $1.34 | ||
| Q3 24 | $1.84 | $2.69 | ||
| Q2 24 | $1.71 | $1.61 |
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 | $542.0K |
| 总债务越低越好 | $5.3B | $6.5M |
| 股东权益账面价值 | $3.7B | $1.9M |
| 总资产 | $20.3B | $17.2M |
| 负债/权益比越低杠杆越低 | 1.43× | 3.38× |
8季度趋势，按日历期对齐
现金及短期投资ALKKMB
| Q1 26 | $451.0M | $542.0K | ||
| Q4 25 | $627.0M | $688.0M | ||
| Q3 25 | $2.3B | $617.0M | ||
| Q2 25 | $2.1B | $634.0M | ||
| Q1 25 | $2.5B | $563.0M | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.5B | $1.2B |
总债务ALKKMB
| Q1 26 | $5.3B | $6.5M | ||
| Q4 25 | $4.8B | $6.5B | ||
| Q3 25 | $5.0B | $6.5B | ||
| Q2 25 | $4.9B | $6.5B | ||
| Q1 25 | $4.8B | $6.5B | ||
| Q4 24 | $4.5B | $6.9B | ||
| Q3 24 | $4.6B | $6.9B | ||
| Q2 24 | $2.7B | $7.2B |
股东权益ALKKMB
| Q1 26 | $3.7B | $1.9M | ||
| Q4 25 | $4.1B | $1.5B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $4.1B | $1.1B | ||
| Q4 24 | $4.4B | $840.0M | ||
| Q3 24 | $4.5B | $1.3B | ||
| Q2 24 | $4.2B | $1.1B |
总资产ALKKMB
| Q1 26 | $20.3B | $17.2M | ||
| Q4 25 | $20.4B | $17.1B | ||
| Q3 25 | $20.0B | $16.9B | ||
| Q2 25 | $19.9B | $16.8B | ||
| Q1 25 | $19.8B | $16.3B | ||
| Q4 24 | $19.8B | $16.5B | ||
| Q3 24 | $19.6B | $17.2B | ||
| Q2 24 | $15.3B | $17.3B |
负债/权益比ALKKMB
| Q1 26 | 1.43× | 3.38× | ||
| Q4 25 | 1.17× | 4.31× | ||
| Q3 25 | 1.24× | 4.86× | ||
| Q2 25 | 1.26× | 5.09× | ||
| Q1 25 | 1.16× | 5.89× | ||
| Q4 24 | 1.04× | 8.18× | ||
| Q3 24 | 1.03× | 5.36× | ||
| Q2 24 | 0.63× | 6.30× |
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 | — |
| 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 | — | — |
| 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ALKKMB
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $972.0M | ||
| Q3 25 | $229.0M | $708.0M | ||
| Q2 25 | $376.0M | $770.0M | ||
| Q1 25 | $459.0M | $327.0M | ||
| Q4 24 | $274.0M | $817.0M | ||
| Q3 24 | $318.0M | $958.0M | ||
| Q2 24 | $580.0M | $1.0B |
自由现金流ALKKMB
| Q1 26 | — | — | ||
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | $368.0M | ||
| Q2 25 | — | $573.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $608.0M | ||
| Q3 24 | — | $798.0M | ||
| Q2 24 | — | $863.0M |
自由现金流率ALKKMB
| Q1 26 | — | — | ||
| Q4 25 | — | 17.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 17.2% |
资本支出强度ALKKMB
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.1% |
现金转化率ALKKMB
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.95× | ||
| Q3 25 | 3.14× | 1.59× | ||
| Q2 25 | 2.19× | 1.51× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 3.86× | 1.83× | ||
| Q3 24 | 1.35× | 1.06× | ||
| Q2 24 | 2.64× | 1.88× |
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% |
KMB
| NA | $2.7B | 64% |
| IPC | $1.5B | 36% |
