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阿拉斯加航空集团（ALK）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.1倍（$3.3B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs -5.8%，领先8.8%），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 -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
ALK vs R — 直观对比
营收规模更大
ALK
是对方的1.1倍
$3.1B
营收增速更快
ALK
高出4.2%
1.0%
净利率更高
R
高出8.8%
-5.8%
两年增速更快
ALK
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.1B |
| 净利润 | $-193.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | -8.5% | — |
| 净利率 | -5.8% | 3.0% |
| 营收同比 | 5.2% | 1.0% |
| 净利润同比 | — | -5.1% |
| 每股收益（稀释后） | $-1.69 | $2.34 |
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ALKR
| Q1 26 | $3.3B | $3.1B | ||
| Q4 25 | $3.6B | $3.2B | ||
| Q3 25 | $3.8B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.5B | $3.2B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.2B |
净利润ALKR
| Q1 26 | $-193.0M | $93.0M | ||
| Q4 25 | $21.0M | $132.0M | ||
| Q3 25 | $73.0M | $138.0M | ||
| Q2 25 | $172.0M | $131.0M | ||
| Q1 25 | $-166.0M | $98.0M | ||
| Q4 24 | $71.0M | $135.0M | ||
| Q3 24 | $236.0M | $142.0M | ||
| Q2 24 | $220.0M | $127.0M |
营业利润率ALKR
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 5.6% | ||
| Q3 25 | 3.9% | 6.0% | ||
| Q2 25 | 7.5% | 5.8% | ||
| Q1 25 | -6.3% | 4.3% | ||
| Q4 24 | 2.1% | 5.7% | ||
| Q3 24 | 11.1% | 5.9% | ||
| Q2 24 | 11.1% | 5.6% |
净利率ALKR
| Q1 26 | -5.8% | 3.0% | ||
| Q4 25 | 0.6% | 4.2% | ||
| Q3 25 | 1.9% | 4.4% | ||
| Q2 25 | 4.6% | 4.1% | ||
| Q1 25 | -5.3% | 3.1% | ||
| Q4 24 | 2.0% | 4.2% | ||
| Q3 24 | 7.7% | 4.5% | ||
| Q2 24 | 7.6% | 4.0% |
每股收益（稀释后）ALKR
| Q1 26 | $-1.69 | $2.34 | ||
| Q4 25 | $0.14 | $3.22 | ||
| Q3 25 | $0.62 | $3.32 | ||
| Q2 25 | $1.42 | $3.13 | ||
| Q1 25 | $-1.35 | $2.27 | ||
| Q4 24 | $0.58 | $3.09 | ||
| Q3 24 | $1.84 | $3.24 | ||
| Q2 24 | $1.71 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $2.9B |
| 总资产 | $20.3B | — |
| 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ALKR
| Q1 26 | $451.0M | $182.0M | ||
| Q4 25 | $627.0M | $198.0M | ||
| Q3 25 | $2.3B | $189.0M | ||
| Q2 25 | $2.1B | $180.0M | ||
| Q1 25 | $2.5B | $151.0M | ||
| Q4 24 | $2.5B | $154.0M | ||
| Q3 24 | $2.5B | $162.0M | ||
| Q2 24 | $2.5B | $164.0M |
总债务ALKR
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $6.8B | ||
| Q3 25 | $5.0B | $7.3B | ||
| Q2 25 | $4.9B | $7.0B | ||
| Q1 25 | $4.8B | $6.7B | ||
| Q4 24 | $4.5B | $6.7B | ||
| Q3 24 | $4.6B | $6.6B | ||
| Q2 24 | $2.7B | $6.5B |
股东权益ALKR
| Q1 26 | $3.7B | $2.9B | ||
| Q4 25 | $4.1B | $3.1B | ||
| Q3 25 | $4.0B | $3.1B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $4.1B | $3.0B | ||
| Q4 24 | $4.4B | $3.1B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.2B | $3.1B |
总资产ALKR
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $16.4B | ||
| Q3 25 | $20.0B | $16.5B | ||
| Q2 25 | $19.9B | $16.5B | ||
| Q1 25 | $19.8B | $16.4B | ||
| Q4 24 | $19.8B | $16.7B | ||
| Q3 24 | $19.6B | $16.5B | ||
| Q2 24 | $15.3B | $16.4B |
负债/权益比ALKR
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 2.24× | ||
| Q3 25 | 1.24× | 2.35× | ||
| Q2 25 | 1.26× | 2.27× | ||
| Q1 25 | 1.16× | 2.21× | ||
| Q4 24 | 1.04× | 2.14× | ||
| Q3 24 | 1.03× | 2.17× | ||
| Q2 24 | 0.63× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | 10.2% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流ALKR
| Q1 26 | $229.0M | $583.0M | ||
| Q4 25 | $185.0M | $749.0M | ||
| Q3 25 | $229.0M | $442.0M | ||
| Q2 25 | $376.0M | $752.0M | ||
| Q1 25 | $459.0M | $651.0M | ||
| Q4 24 | $274.0M | $558.0M | ||
| Q3 24 | $318.0M | $629.0M | ||
| Q2 24 | $580.0M | $552.0M |
自由现金流ALKR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率ALKR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度ALKR
| Q1 26 | 10.2% | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率ALKR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 8.81× | 5.67× | ||
| Q3 25 | 3.14× | 3.20× | ||
| Q2 25 | 2.19× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 3.86× | 4.13× | ||
| Q3 24 | 1.35× | 4.43× | ||
| Q2 24 | 2.64× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
