vs
卡特彼勒（CAT）与达美航空（DAL）财务数据对比。点击上方公司名可切换其他公司
卡特彼勒的季度营收约是达美航空的1.1倍（$17.4B vs $16.0B），卡特彼勒同比增速更快（22.2% vs 14.0%），过去两年卡特彼勒的营收复合增速更高（2.2% vs -2.0%）
卡特彼勒是来自美国的工程设备制造企业，主营建筑、采矿等领域的设备生产，是全球规模最大的工程机械设备制造商。2018年该公司位列美国财富500强第73位、全球财富500强第265位，其股票为道琼斯工业平均指数成分股。
达美航空是美国头部航空公司，总部位于佐治亚州亚特兰大，共设有9个航空枢纽，其中哈兹菲尔德-杰克逊亚特兰大国际机场是其客运量、出发班次最高的枢纽。旗下区域子公司及合作运营商以“达美连接”品牌运营，每日执飞超5400个航班，航线覆盖六大洲52个国家的325个目的地。
CAT vs DAL — 直观对比
营收规模更大
CAT
是对方的1.1倍
$16.0B
营收增速更快
CAT
高出8.2%
14.0%
两年增速更快
CAT
近两年复合增速
-2.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.4B | $16.0B |
| 净利润 | — | — |
| 毛利率 | 35.1% | — |
| 营业利润率 | 17.7% | 9.2% |
| 净利率 | — | — |
| 营收同比 | 22.2% | 14.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $5.47 | $1.85 |
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CATDAL
| Q1 26 | $17.4B | $16.0B | ||
| Q4 25 | $19.1B | $16.0B | ||
| Q3 25 | $17.6B | $16.7B | ||
| Q2 25 | $16.6B | $16.6B | ||
| Q1 25 | $14.2B | $14.0B | ||
| Q4 24 | $16.2B | $15.6B | ||
| Q3 24 | $16.1B | $15.7B | ||
| Q2 24 | $16.7B | $16.7B |
净利润CATDAL
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.0B | $240.0M | ||
| Q4 24 | $2.8B | $843.0M | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.7B | $1.3B |
毛利率CATDAL
| Q1 26 | 35.1% | — | ||
| Q4 25 | 30.5% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 39.2% | — |
营业利润率CATDAL
| Q1 26 | 17.7% | 9.2% | ||
| Q4 25 | 13.9% | 9.2% | ||
| Q3 25 | 17.3% | 10.1% | ||
| Q2 25 | 17.3% | 12.6% | ||
| Q1 25 | 18.1% | 4.1% | ||
| Q4 24 | 18.0% | 11.0% | ||
| Q3 24 | 19.5% | 8.9% | ||
| Q2 24 | 20.9% | 13.6% |
净利率CATDAL
| Q1 26 | — | — | ||
| Q4 25 | 12.5% | 7.6% | ||
| Q3 25 | 13.0% | 8.5% | ||
| Q2 25 | 13.2% | 12.8% | ||
| Q1 25 | 14.1% | 1.7% | ||
| Q4 24 | 17.2% | 5.4% | ||
| Q3 24 | 15.3% | 8.1% | ||
| Q2 24 | 16.1% | 7.8% |
每股收益（稀释后）CATDAL
| Q1 26 | $5.47 | $1.85 | ||
| Q4 25 | $5.11 | $1.85 | ||
| Q3 25 | $4.88 | $2.17 | ||
| Q2 25 | $4.62 | $3.27 | ||
| Q1 25 | $4.20 | $0.37 | ||
| Q4 24 | $5.76 | $1.29 | ||
| Q3 24 | $5.06 | $1.97 | ||
| Q2 24 | $5.48 | $2.01 |
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 | $4.1B | $4.3B |
| 总债务越低越好 | $4.7B | $12.5B |
| 股东权益账面价值 | $18.7B | $20.9B |
| 总资产 | $95.5B | $81.3B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资CATDAL
| Q1 26 | $4.1B | $4.3B | ||
| Q4 25 | $10.0B | $4.3B | ||
| Q3 25 | $7.5B | $3.8B | ||
| Q2 25 | $5.4B | $3.3B | ||
| Q1 25 | $3.6B | $3.7B | ||
| Q4 24 | $6.9B | $3.1B | ||
| Q3 24 | $5.6B | $4.0B | ||
| Q2 24 | $4.3B | $4.2B |
总债务CATDAL
| Q1 26 | $4.7B | $12.5B | ||
| Q4 25 | — | $12.5B | ||
| Q3 25 | — | $12.8B | ||
| Q2 25 | — | $12.8B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $14.0B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | — | $15.0B |
股东权益CATDAL
| Q1 26 | $18.7B | $20.9B | ||
| Q4 25 | $21.3B | $20.9B | ||
| Q3 25 | $20.7B | $18.8B | ||
| Q2 25 | $18.7B | $17.4B | ||
| Q1 25 | $18.1B | $15.4B | ||
| Q4 24 | $19.5B | $15.3B | ||
| Q3 24 | $19.4B | $13.6B | ||
| Q2 24 | $17.1B | $12.4B |
总资产CATDAL
| Q1 26 | $95.5B | $81.3B | ||
| Q4 25 | $98.6B | $81.3B | ||
| Q3 25 | $93.7B | $79.6B | ||
| Q2 25 | $90.3B | $78.4B | ||
| Q1 25 | $85.0B | $77.3B | ||
| Q4 24 | $87.8B | $75.4B | ||
| Q3 24 | $86.3B | $75.4B | ||
| Q2 24 | $83.3B | $75.2B |
负债/权益比CATDAL
| Q1 26 | 0.25× | 0.60× | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.92× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | — | 1.21× |
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
CAT
| Sales of Machinery, Power & Energy | $16.5B | 95% |
| Revenues of Financial Products | $942.0M | 5% |
DAL
| Passenger Air Traffic | $10.8B | 67% |
| Product And Service Other Refinery | $1.7B | 10% |
| Product And Service Other Loyalty Program | $1.2B | 8% |
| Passenger Loyalty Travel Awards | $1.0B | 6% |
| Passenger Travel Related Services | $506.0M | 3% |
| Product And Service Other Ancillary Businesses | $380.0M | 2% |
| Cargo And Freight | $226.0M | 1% |
| Product And Service Other Miscellaneous | $71.0M | 0% |
