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安达（CB）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
达美航空的季度营收约是安达的1.1倍（$16.0B vs $15.1B），达美航空同比增速更快（14.0% vs 6.3%），过去两年安达的营收复合增速更高（8.1% vs -2.0%）
安达是注册地位于苏黎世的跨国保险集团，在纽约证券交易所上市，为标普500指数成分股。作为全球最大的上市财产及意外伤害保险公司，其业务涵盖财产险、意外险、健康险、再保险、寿险等领域，在全球55个国家和地区及伦敦劳合社市场运营。
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。
CB vs DAL — 直观对比
营收规模更大
DAL
是对方的1.1倍
$15.1B
营收增速更快
DAL
高出7.7%
6.3%
两年增速更快
CB
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $15.1B | $16.0B |
| 净利润 | $3.2B | — |
| 毛利率 | — | — |
| 营业利润率 | 25.0% | 9.2% |
| 净利率 | 21.3% | — |
| 营收同比 | 6.3% | 14.0% |
| 净利润同比 | 24.7% | — |
| 每股收益（稀释后） | $8.05 | $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CBDAL
| Q1 26 | — | $16.0B | ||
| Q4 25 | $15.1B | $16.0B | ||
| Q3 25 | $16.1B | $16.7B | ||
| Q2 25 | $14.8B | $16.6B | ||
| Q1 25 | $13.4B | $14.0B | ||
| Q4 24 | $14.2B | $15.6B | ||
| Q3 24 | $14.8B | $15.7B | ||
| Q2 24 | $13.8B | $16.7B |
净利润CBDAL
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $3.0B | $2.1B | ||
| Q1 25 | $1.3B | $240.0M | ||
| Q4 24 | $2.6B | $843.0M | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.2B | $1.3B |
营业利润率CBDAL
| Q1 26 | — | 9.2% | ||
| Q4 25 | 25.0% | 9.2% | ||
| Q3 25 | 24.1% | 10.1% | ||
| Q2 25 | 25.0% | 12.6% | ||
| Q1 25 | 12.5% | 4.1% | ||
| Q4 24 | 22.0% | 11.0% | ||
| Q3 24 | 20.2% | 8.9% | ||
| Q2 24 | 19.6% | 13.6% |
净利率CBDAL
| Q1 26 | — | — | ||
| Q4 25 | 21.3% | 7.6% | ||
| Q3 25 | 17.3% | 8.5% | ||
| Q2 25 | 20.0% | 12.8% | ||
| Q1 25 | 10.0% | 1.7% | ||
| Q4 24 | 18.2% | 5.4% | ||
| Q3 24 | 15.7% | 8.1% | ||
| Q2 24 | 16.1% | 7.8% |
每股收益（稀释后）CBDAL
| Q1 26 | — | $1.85 | ||
| Q4 25 | $8.05 | $1.85 | ||
| Q3 25 | $6.99 | $2.17 | ||
| Q2 25 | $7.35 | $3.27 | ||
| Q1 25 | $3.29 | $0.37 | ||
| Q4 24 | $6.31 | $1.29 | ||
| Q3 24 | $5.70 | $1.97 | ||
| Q2 24 | $5.46 | $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 | — | $4.3B |
| 总债务越低越好 | $15.7B | $12.5B |
| 股东权益账面价值 | $73.8B | $20.9B |
| 总资产 | $272.3B | $81.3B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资CBDAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.2B |
总债务CBDAL
| Q1 26 | — | $12.5B | ||
| Q4 25 | $15.7B | $12.5B | ||
| Q3 25 | $15.7B | $12.8B | ||
| Q2 25 | $13.5B | $12.8B | ||
| Q1 25 | $14.5B | $12.9B | ||
| Q4 24 | $14.4B | $14.0B | ||
| Q3 24 | $14.6B | $14.4B | ||
| Q2 24 | $13.2B | $15.0B |
股东权益CBDAL
| Q1 26 | — | $20.9B | ||
| Q4 25 | $73.8B | $20.9B | ||
| Q3 25 | $71.9B | $18.8B | ||
| Q2 25 | $69.4B | $17.4B | ||
| Q1 25 | $65.7B | $15.4B | ||
| Q4 24 | $64.0B | $15.3B | ||
| Q3 24 | $65.8B | $13.6B | ||
| Q2 24 | $61.0B | $12.4B |
总资产CBDAL
| Q1 26 | — | $81.3B | ||
| Q4 25 | $272.3B | $81.3B | ||
| Q3 25 | $270.2B | $79.6B | ||
| Q2 25 | $261.6B | $78.4B | ||
| Q1 25 | $251.8B | $77.3B | ||
| Q4 24 | $246.5B | $75.4B | ||
| Q3 24 | $250.6B | $75.4B | ||
| Q2 24 | $238.6B | $75.2B |
负债/权益比CBDAL
| Q1 26 | — | 0.60× | ||
| Q4 25 | 0.21× | 0.60× | ||
| Q3 25 | 0.22× | 0.68× | ||
| Q2 25 | 0.19× | 0.74× | ||
| Q1 25 | 0.22× | 0.83× | ||
| Q4 24 | 0.22× | 0.92× | ||
| Q3 24 | 0.22× | 1.05× | ||
| Q2 24 | 0.22× | 1.21× |
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 | $4.1B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.26× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CBDAL
| Q1 26 | — | — | ||
| Q4 25 | $4.1B | $2.3B | ||
| Q3 25 | $3.6B | $1.8B | ||
| Q2 25 | $3.6B | $1.9B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $4.6B | $1.9B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $4.1B | $2.4B |
自由现金流CBDAL
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $687.0M | ||
| Q2 25 | — | $648.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $583.0M | ||
| Q3 24 | — | $-54.0M | ||
| Q2 24 | — | $1.1B |
自由现金流率CBDAL
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 6.8% |
资本支出强度CBDAL
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 7.9% |
现金转化率CBDAL
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 1.86× | ||
| Q3 25 | 1.30× | 1.30× | ||
| Q2 25 | 1.20× | 0.87× | ||
| Q1 25 | 1.18× | 9.91× | ||
| Q4 24 | 1.77× | 2.25× | ||
| Q3 24 | 1.86× | 1.00× | ||
| Q2 24 | 1.83× | 1.88× |
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
CB
暂无分部数据
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% |
