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阿拉斯加航空集团（ALK）与SIRIUS XM HOLDINGS INC.（SIRI）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SIRIUS XM HOLDINGS INC.的1.5倍（$3.3B vs $2.2B），SIRIUS XM HOLDINGS INC.净利率更高（4.5% vs -5.8%，领先10.4%），阿拉斯加航空集团同比增速更快（5.2% vs 0.2%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs 0.7%）
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。
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
ALK vs SIRI — 直观对比
营收规模更大
ALK
是对方的1.5倍
$2.2B
营收增速更快
ALK
高出5.0%
0.2%
净利率更高
SIRI
高出10.4%
-5.8%
两年增速更快
ALK
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $-193.0M | $99.0M |
| 毛利率 | — | 53.1% |
| 营业利润率 | — | 10.3% |
| 净利率 | -5.8% | 4.5% |
| 营收同比 | 5.2% | 0.2% |
| 净利润同比 | -16.3% | -55.4% |
| 每股收益（稀释后） | $-1.69 | $0.23 |
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ALKSIRI
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $2.2B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.9B | $2.2B |
净利润ALKSIRI
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $99.0M | ||
| Q3 25 | $73.0M | $297.0M | ||
| Q2 25 | $172.0M | $205.0M | ||
| Q1 25 | $-166.0M | $204.0M | ||
| Q4 24 | $71.0M | $222.0M | ||
| Q3 24 | $236.0M | $-2.5B | ||
| Q2 24 | $220.0M | $304.0M |
毛利率ALKSIRI
| Q1 26 | — | — | ||
| Q4 25 | — | 53.1% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.4% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.9% | ||
| Q3 24 | — | 53.2% | ||
| Q2 24 | — | 53.5% |
营业利润率ALKSIRI
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 10.3% | ||
| Q3 25 | 3.9% | 22.8% | ||
| Q2 25 | 7.5% | 17.1% | ||
| Q1 25 | -6.3% | 18.7% | ||
| Q4 24 | 2.1% | 20.2% | ||
| Q3 24 | 11.1% | -133.6% | ||
| Q2 24 | 11.1% | 23.2% |
净利率ALKSIRI
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 4.5% | ||
| Q3 25 | 1.9% | 13.8% | ||
| Q2 25 | 4.6% | 9.6% | ||
| Q1 25 | -5.3% | 9.9% | ||
| Q4 24 | 2.0% | 10.1% | ||
| Q3 24 | 7.7% | -113.1% | ||
| Q2 24 | 7.6% | 14.0% |
每股收益（稀释后）ALKSIRI
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.23 | ||
| Q3 25 | $0.62 | $0.84 | ||
| Q2 25 | $1.42 | $0.57 | ||
| Q1 25 | $-1.35 | $0.59 | ||
| Q4 24 | $0.58 | $2.45 | ||
| Q3 24 | $1.84 | $-8.74 | ||
| Q2 24 | $1.71 | $0.08 |
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 | $94.0M |
| 总债务越低越好 | $5.3B | $8.6B |
| 股东权益账面价值 | $3.7B | $11.6B |
| 总资产 | $20.3B | $27.2B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资ALKSIRI
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $94.0M | ||
| Q3 25 | $2.3B | $79.0M | ||
| Q2 25 | $2.1B | $92.0M | ||
| Q1 25 | $2.5B | $127.0M | ||
| Q4 24 | $2.5B | $162.0M | ||
| Q3 24 | $2.5B | $127.0M | ||
| Q2 24 | $2.5B | $100.0M |
总债务ALKSIRI
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $8.6B | ||
| Q3 25 | $5.0B | $9.0B | ||
| Q2 25 | $4.9B | $10.1B | ||
| Q1 25 | $4.8B | $10.4B | ||
| Q4 24 | $4.5B | $10.3B | ||
| Q3 24 | $4.6B | $10.1B | ||
| Q2 24 | $2.7B | $9.0B |
股东权益ALKSIRI
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $11.6B | ||
| Q3 25 | $4.0B | $11.6B | ||
| Q2 25 | $3.9B | $11.3B | ||
| Q1 25 | $4.1B | $11.2B | ||
| Q4 24 | $4.4B | $11.1B | ||
| Q3 24 | $4.5B | $10.9B | ||
| Q2 24 | $4.2B | $-2.1B |
总资产ALKSIRI
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $27.2B | ||
| Q3 25 | $20.0B | $27.4B | ||
| Q2 25 | $19.9B | $27.3B | ||
| Q1 25 | $19.8B | $27.4B | ||
| Q4 24 | $19.8B | $27.5B | ||
| Q3 24 | $19.6B | $27.5B | ||
| Q2 24 | $15.3B | $11.2B |
负债/权益比ALKSIRI
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.75× | ||
| Q3 25 | 1.24× | 0.78× | ||
| Q2 25 | 1.26× | 0.89× | ||
| Q1 25 | 1.16× | 0.93× | ||
| Q4 24 | 1.04× | 0.93× | ||
| Q3 24 | 1.03× | 0.93× | ||
| 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 | $680.0M |
| 自由现金流经营现金流 - 资本支出 | — | $536.0M |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | 10.2% | 6.6% |
| 现金转化率经营现金流/净利润 | — | 6.87× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ALKSIRI
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $680.0M | ||
| Q3 25 | $229.0M | $430.0M | ||
| Q2 25 | $376.0M | $546.0M | ||
| Q1 25 | $459.0M | $242.0M | ||
| Q4 24 | $274.0M | $679.0M | ||
| Q3 24 | $318.0M | $240.0M | ||
| Q2 24 | $580.0M | $514.0M |
自由现金流ALKSIRI
| Q1 26 | — | — | ||
| Q4 25 | — | $536.0M | ||
| Q3 25 | — | $255.0M | ||
| Q2 25 | — | $401.0M | ||
| Q1 25 | — | $53.0M | ||
| Q4 24 | — | $514.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | $341.0M |
自由现金流率ALKSIRI
| Q1 26 | — | — | ||
| Q4 25 | — | 24.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 15.7% |
资本支出强度ALKSIRI
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 6.8% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 7.9% |
现金转化率ALKSIRI
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 6.87× | ||
| Q3 25 | 3.14× | 1.45× | ||
| Q2 25 | 2.19× | 2.66× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 3.86× | 3.06× | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 2.64× | 1.69× |
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% |
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
