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阿拉斯加航空集团（ALK）与福泰制药（VRTX）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福泰制药的1.0倍（$3.3B vs $3.2B），福泰制药净利率更高（37.3% vs -5.8%，领先43.2%），福泰制药同比增速更快（9.5% vs 5.2%），过去两年福泰制药的营收复合增速更高（8.9% vs 6.7%）
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。
福泰制药是总部位于美国马萨诸塞州波士顿的生物制药企业，是全球首批明确采用理性药物设计策略、而非组合化学方法开发药物的生物技术公司之一。除波士顿总部外，公司还在加州圣迭戈、英国牛津郡米尔顿公园设有三处研发中心。
ALK vs VRTX — 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
VRTX
高出4.4%
5.2%
净利率更高
VRTX
高出43.2%
-5.8%
两年增速更快
VRTX
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.2B |
| 净利润 | $-193.0M | $1.2B |
| 毛利率 | — | 85.4% |
| 营业利润率 | — | 37.8% |
| 净利率 | -5.8% | 37.3% |
| 营收同比 | 5.2% | 9.5% |
| 净利润同比 | -16.3% | 30.5% |
| 每股收益（稀释后） | $-1.69 | $4.64 |
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ALKVRTX
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $3.2B | ||
| Q3 25 | $3.8B | $3.1B | ||
| Q2 25 | $3.7B | $3.0B | ||
| Q1 25 | $3.1B | $2.8B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $2.9B | $2.6B |
净利润ALKVRTX
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $1.2B | ||
| Q3 25 | $73.0M | $1.1B | ||
| Q2 25 | $172.0M | $1.0B | ||
| Q1 25 | $-166.0M | $646.3M | ||
| Q4 24 | $71.0M | $913.0M | ||
| Q3 24 | $236.0M | $1.0B | ||
| Q2 24 | $220.0M | $-3.6B |
毛利率ALKVRTX
| Q1 26 | — | — | ||
| Q4 25 | — | 85.4% | ||
| Q3 25 | — | 86.5% | ||
| Q2 25 | — | 86.3% | ||
| Q1 25 | — | 86.9% | ||
| Q4 24 | — | 85.5% | ||
| Q3 24 | — | 85.8% | ||
| Q2 24 | — | 85.9% |
营业利润率ALKVRTX
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 37.8% | ||
| Q3 25 | 3.9% | 38.6% | ||
| Q2 25 | 7.5% | 38.8% | ||
| Q1 25 | -6.3% | 22.7% | ||
| Q4 24 | 2.1% | 35.2% | ||
| Q3 24 | 11.1% | 40.3% | ||
| Q2 24 | 11.1% | -132.9% |
净利率ALKVRTX
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 37.3% | ||
| Q3 25 | 1.9% | 35.2% | ||
| Q2 25 | 4.6% | 34.8% | ||
| Q1 25 | -5.3% | 23.3% | ||
| Q4 24 | 2.0% | 31.4% | ||
| Q3 24 | 7.7% | 37.7% | ||
| Q2 24 | 7.6% | -135.8% |
每股收益（稀释后）ALKVRTX
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $4.64 | ||
| Q3 25 | $0.62 | $4.20 | ||
| Q2 25 | $1.42 | $3.99 | ||
| Q1 25 | $-1.35 | $2.49 | ||
| Q4 24 | $0.58 | $3.62 | ||
| Q3 24 | $1.84 | $4.01 | ||
| Q2 24 | $1.71 | $-13.92 |
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 | $6.6B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $3.7B | $18.7B |
| 总资产 | $20.3B | $25.6B |
| 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ALKVRTX
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $6.6B | ||
| Q3 25 | $2.3B | $6.3B | ||
| Q2 25 | $2.1B | $6.4B | ||
| Q1 25 | $2.5B | $6.2B | ||
| Q4 24 | $2.5B | $6.1B | ||
| Q3 24 | $2.5B | $6.5B | ||
| Q2 24 | $2.5B | $5.8B |
总债务ALKVRTX
| 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ALKVRTX
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $18.7B | ||
| Q3 25 | $4.0B | $17.3B | ||
| Q2 25 | $3.9B | $17.2B | ||
| Q1 25 | $4.1B | $16.5B | ||
| Q4 24 | $4.4B | $16.4B | ||
| Q3 24 | $4.5B | $15.6B | ||
| Q2 24 | $4.2B | $14.8B |
总资产ALKVRTX
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $25.6B | ||
| Q3 25 | $20.0B | $24.9B | ||
| Q2 25 | $19.9B | $24.0B | ||
| Q1 25 | $19.8B | $22.9B | ||
| Q4 24 | $19.8B | $22.5B | ||
| Q3 24 | $19.6B | $22.2B | ||
| Q2 24 | $15.3B | $20.1B |
负债/权益比ALKVRTX
| 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 | $498.0M |
| 自由现金流经营现金流 - 资本支出 | — | $348.6M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | 10.2% | 4.7% |
| 现金转化率经营现金流/净利润 | — | 0.42× |
| 过去12个月自由现金流最近4个季度 | — | $3.2B |
8季度趋势，按日历期对齐
经营现金流ALKVRTX
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $498.0M | ||
| Q3 25 | $229.0M | $1.2B | ||
| Q2 25 | $376.0M | $1.1B | ||
| Q1 25 | $459.0M | $818.9M | ||
| Q4 24 | $274.0M | $584.6M | ||
| Q3 24 | $318.0M | $1.4B | ||
| Q2 24 | $580.0M | $-3.8B |
自由现金流ALKVRTX
| Q1 26 | — | — | ||
| Q4 25 | — | $348.6M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $927.4M | ||
| Q1 25 | — | $778.2M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $-3.8B |
自由现金流率ALKVRTX
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | -144.5% |
资本支出强度ALKVRTX
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.6% |
现金转化率ALKVRTX
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 0.42× | ||
| Q3 25 | 3.14× | 1.15× | ||
| Q2 25 | 2.19× | 1.04× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 3.86× | 0.64× | ||
| Q3 24 | 1.35× | 1.31× | ||
| Q2 24 | 2.64× | — |
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% |
VRTX
| TRIKAFTAKAFTRIO | $2.6B | 81% |
| ALYFTREK | $380.1M | 12% |
| Manufactured Product Other | $237.4M | 7% |
