vs
阿拉斯加航空集团（ALK）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是阿拉斯加航空集团的1.2倍（$4.1B vs $3.3B），惠而浦净利率更高（2.7% vs -5.8%，领先8.5%），阿拉斯加航空集团同比增速更快（5.2% vs -0.9%），过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
ALK vs WHR — 直观对比
营收规模更大
WHR
是对方的1.2倍
$3.3B
营收增速更快
ALK
高出6.1%
-0.9%
净利率更高
WHR
高出8.5%
-5.8%
两年增速更快
ALK
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.1B |
| 净利润 | $-193.0M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | — | 6.0% |
| 净利率 | -5.8% | 2.7% |
| 营收同比 | 5.2% | -0.9% |
| 净利润同比 | -16.3% | 127.8% |
| 每股收益（稀释后） | $-1.69 | $1.92 |
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ALKWHR
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $4.1B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $3.5B | $4.1B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $2.9B | $4.0B |
净利润ALKWHR
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $109.0M | ||
| Q3 25 | $73.0M | $73.0M | ||
| Q2 25 | $172.0M | $65.0M | ||
| Q1 25 | $-166.0M | $71.0M | ||
| Q4 24 | $71.0M | $-392.0M | ||
| Q3 24 | $236.0M | $109.0M | ||
| Q2 24 | $220.0M | $219.0M |
毛利率ALKWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% |
营业利润率ALKWHR
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 6.0% | ||
| Q3 25 | 3.9% | 5.1% | ||
| Q2 25 | 7.5% | 5.4% | ||
| Q1 25 | -6.3% | 5.1% | ||
| Q4 24 | 2.1% | -3.3% | ||
| Q3 24 | 11.1% | 6.6% | ||
| Q2 24 | 11.1% | 3.3% |
净利率ALKWHR
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 2.7% | ||
| Q3 25 | 1.9% | 1.8% | ||
| Q2 25 | 4.6% | 1.7% | ||
| Q1 25 | -5.3% | 2.0% | ||
| Q4 24 | 2.0% | -9.5% | ||
| Q3 24 | 7.7% | 2.7% | ||
| Q2 24 | 7.6% | 5.5% |
每股收益（稀释后）ALKWHR
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $1.92 | ||
| Q3 25 | $0.62 | $1.29 | ||
| Q2 25 | $1.42 | $1.17 | ||
| Q1 25 | $-1.35 | $1.28 | ||
| Q4 24 | $0.58 | $-7.11 | ||
| Q3 24 | $1.84 | $2.00 | ||
| Q2 24 | $1.71 | $3.96 |
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 | $669.0M |
| 总债务越低越好 | $5.3B | $6.2B |
| 股东权益账面价值 | $3.7B | $2.7B |
| 总资产 | $20.3B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.43× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资ALKWHR
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $669.0M | ||
| Q3 25 | $2.3B | $934.0M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.5B | $1.0B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.5B | $1.2B |
总债务ALKWHR
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $6.2B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.5B | $6.6B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.7B | — |
股东权益ALKWHR
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $2.7B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $4.1B | $2.6B | ||
| Q4 24 | $4.4B | $2.7B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $3.1B |
总资产ALKWHR
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $16.0B | ||
| Q3 25 | $20.0B | $16.9B | ||
| Q2 25 | $19.9B | $16.8B | ||
| Q1 25 | $19.8B | $16.5B | ||
| Q4 24 | $19.8B | $16.3B | ||
| Q3 24 | $19.6B | $17.2B | ||
| Q2 24 | $15.3B | $17.3B |
负债/权益比ALKWHR
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 2.26× | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.04× | 2.46× | ||
| 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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $989.0M |
| 自由现金流率自由现金流/营收 | — | 24.1% |
| 资本支出强度资本支出/营收 | 10.2% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 10.45× |
| 过去12个月自由现金流最近4个季度 | — | $81.0M |
8季度趋势，按日历期对齐
经营现金流ALKWHR
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.1B | ||
| Q3 25 | $229.0M | $33.0M | ||
| Q2 25 | $376.0M | $19.0M | ||
| Q1 25 | $459.0M | $-721.0M | ||
| Q4 24 | $274.0M | $1.1B | ||
| Q3 24 | $318.0M | $214.0M | ||
| Q2 24 | $580.0M | $388.0M |
自由现金流ALKWHR
| Q1 26 | — | — | ||
| Q4 25 | — | $989.0M | ||
| Q3 25 | — | $-52.0M | ||
| Q2 25 | — | $-63.0M | ||
| Q1 25 | — | $-793.0M | ||
| Q4 24 | — | $970.0M | ||
| Q3 24 | — | $127.0M | ||
| Q2 24 | — | $275.0M |
自由现金流率ALKWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 24.1% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | — | -21.9% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 6.9% |
资本支出强度ALKWHR
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.8% |
现金转化率ALKWHR
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 10.45× | ||
| Q3 25 | 3.14× | 0.45× | ||
| Q2 25 | 2.19× | 0.29× | ||
| Q1 25 | — | -10.15× | ||
| Q4 24 | 3.86× | — | ||
| Q3 24 | 1.35× | 1.96× | ||
| Q2 24 | 2.64× | 1.77× |
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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
