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CSX Corporation（CSX）与西南航空（LUV）财务数据对比。点击上方公司名可切换其他公司
西南航空的季度营收约是CSX Corporation的2.1倍（$7.2B vs $3.5B），CSX Corporation净利率更高（23.2% vs 3.1%，领先20.0%），西南航空同比增速更快（12.8% vs 1.7%），过去两年西南航空的营收复合增速更高（-0.7% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
西南航空是美国知名低成本航空公司，总部位于得克萨斯州达拉斯市洛夫菲尔德片区。截至2024年，按客运量计算其为北美第四大航空公司，旗下机队全部采用波音737机型，运营航线覆盖美国42个州、华盛顿哥伦比亚特区的100余个目的地。
CSX vs LUV — 直观对比
营收规模更大
LUV
是对方的2.1倍
$3.5B
营收增速更快
LUV
高出11.0%
1.7%
净利率更高
CSX
高出20.0%
3.1%
两年增速更快
LUV
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $7.2B |
| 净利润 | $807.0M | $227.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | — |
| 净利率 | 23.2% | 3.1% |
| 营收同比 | 1.7% | 12.8% |
| 净利润同比 | 401.2% | 252.3% |
| 每股收益（稀释后） | — | $0.45 |
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CSXLUV
| Q1 26 | $3.5B | $7.2B | ||
| Q4 25 | $3.5B | $7.4B | ||
| Q3 25 | $3.6B | $6.9B | ||
| Q2 25 | $3.6B | $7.2B | ||
| Q1 25 | $3.4B | $6.4B | ||
| Q4 24 | $3.5B | $6.9B | ||
| Q3 24 | $3.6B | $6.9B | ||
| Q2 24 | $3.7B | $7.4B |
净利润CSXLUV
| Q1 26 | $807.0M | $227.0M | ||
| Q4 25 | $720.0M | $323.0M | ||
| Q3 25 | $694.0M | $54.0M | ||
| Q2 25 | $829.0M | $213.0M | ||
| Q1 25 | $646.0M | $-149.0M | ||
| Q4 24 | $720.0M | $262.0M | ||
| Q3 24 | $894.0M | $67.0M | ||
| Q2 24 | $963.0M | $367.0M |
营业利润率CSXLUV
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 5.3% | ||
| Q3 25 | 30.3% | 0.5% | ||
| Q2 25 | 35.9% | 3.1% | ||
| Q1 25 | 30.4% | -3.5% | ||
| Q4 24 | 30.8% | 4.0% | ||
| Q3 24 | 37.4% | 0.6% | ||
| Q2 24 | 39.1% | 5.4% |
净利率CSXLUV
| Q1 26 | 23.2% | 3.1% | ||
| Q4 25 | 20.5% | 4.3% | ||
| Q3 25 | 19.3% | 0.8% | ||
| Q2 25 | 23.2% | 2.9% | ||
| Q1 25 | 18.9% | -2.3% | ||
| Q4 24 | 20.3% | 3.8% | ||
| Q3 24 | 24.7% | 1.0% | ||
| Q2 24 | 26.0% | 5.0% |
每股收益（稀释后）CSXLUV
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.39 | $0.56 | ||
| Q3 25 | $0.37 | $0.10 | ||
| Q2 25 | $0.44 | $0.39 | ||
| Q1 25 | $0.34 | $-0.26 | ||
| Q4 24 | $0.38 | $0.46 | ||
| Q3 24 | $0.46 | $0.11 | ||
| Q2 24 | $0.49 | $0.58 |
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 | $1.1B | $3.3B |
| 总债务越低越好 | $18.9B | $5.4B |
| 股东权益账面价值 | $13.6B | $6.9B |
| 总资产 | $44.2B | $20.4B |
| 负债/权益比越低杠杆越低 | 1.39× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资CSXLUV
| Q1 26 | $1.1B | $3.3B | ||
| Q4 25 | $5.0M | $3.2B | ||
| Q3 25 | $6.0M | $3.0B | ||
| Q2 25 | $6.0M | $3.8B | ||
| Q1 25 | $8.0M | $8.3B | ||
| Q4 24 | $72.0M | $8.7B | ||
| Q3 24 | $12.0M | $9.4B | ||
| Q2 24 | $4.0M | $10.0B |
总债务CSXLUV
| Q1 26 | $18.9B | $5.4B | ||
| Q4 25 | $18.2B | $4.6B | ||
| Q3 25 | $18.6B | $4.1B | ||
| Q2 25 | $18.6B | $4.1B | ||
| Q1 25 | $18.5B | $4.1B | ||
| Q4 24 | $17.9B | $5.1B | ||
| Q3 24 | $18.5B | $5.1B | ||
| Q2 24 | $18.0B | $5.1B |
股东权益CSXLUV
| Q1 26 | $13.6B | $6.9B | ||
| Q4 25 | $13.2B | $8.0B | ||
| Q3 25 | $12.8B | $7.8B | ||
| Q2 25 | $12.4B | $8.0B | ||
| Q1 25 | $12.2B | $9.4B | ||
| Q4 24 | $12.5B | $10.3B | ||
| Q3 24 | $12.9B | $10.4B | ||
| Q2 24 | $12.6B | $10.5B |
总资产CSXLUV
| Q1 26 | $44.2B | $20.4B | ||
| Q4 25 | $43.7B | $29.1B | ||
| Q3 25 | $43.3B | $28.3B | ||
| Q2 25 | $42.9B | $28.7B | ||
| Q1 25 | $43.2B | $33.2B | ||
| Q4 24 | $42.8B | $33.8B | ||
| Q3 24 | $43.1B | $34.8B | ||
| Q2 24 | $42.4B | $35.6B |
负债/权益比CSXLUV
| Q1 26 | 1.39× | 0.78× | ||
| Q4 25 | 1.38× | 0.57× | ||
| Q3 25 | 1.45× | 0.52× | ||
| Q2 25 | 1.50× | 0.51× | ||
| Q1 25 | 1.52× | 0.44× | ||
| Q4 24 | 1.43× | 0.49× | ||
| Q3 24 | 1.43× | 0.49× | ||
| Q2 24 | 1.42× | 0.48× |
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 | $1.3B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $793.0M | — |
| 自由现金流率自由现金流/营收 | 22.8% | — |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 现金转化率经营现金流/净利润 | 1.58× | 6.25× |
| 过去12个月自由现金流最近4个季度 | $2.0B | — |
8季度趋势，按日历期对齐
经营现金流CSXLUV
| Q1 26 | $1.3B | $1.4B | ||
| Q4 25 | $1.4B | $294.0M | ||
| Q3 25 | $1.3B | $287.0M | ||
| Q2 25 | $635.0M | $401.0M | ||
| Q1 25 | $1.3B | $860.0M | ||
| Q4 24 | $1.4B | $476.0M | ||
| Q3 24 | $1.7B | $113.0M | ||
| Q2 24 | $1.1B | $-23.0M |
自由现金流CSXLUV
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $-565.0M | ||
| Q3 25 | $607.0M | $-391.0M | ||
| Q2 25 | $-141.0M | $-234.0M | ||
| Q1 25 | $536.0M | $359.0M | ||
| Q4 24 | $550.0M | $16.0M | ||
| Q3 24 | $1.1B | $-404.0M | ||
| Q2 24 | $547.0M | $-517.0M |
自由现金流率CSXLUV
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | -7.6% | ||
| Q3 25 | 16.9% | -5.6% | ||
| Q2 25 | -3.9% | -3.2% | ||
| Q1 25 | 15.7% | 5.6% | ||
| Q4 24 | 15.5% | 0.2% | ||
| Q3 24 | 29.3% | -5.9% | ||
| Q2 24 | 14.8% | -7.0% |
资本支出强度CSXLUV
| Q1 26 | — | 8.7% | ||
| Q4 25 | 19.3% | 11.5% | ||
| Q3 25 | 20.4% | 9.8% | ||
| Q2 25 | 21.7% | 8.8% | ||
| Q1 25 | 21.0% | 7.8% | ||
| Q4 24 | 23.7% | 6.6% | ||
| Q3 24 | 17.3% | 7.5% | ||
| Q2 24 | 14.6% | 6.7% |
现金转化率CSXLUV
| Q1 26 | 1.58× | 6.25× | ||
| Q4 25 | 1.93× | 0.91× | ||
| Q3 25 | 1.93× | 5.31× | ||
| Q2 25 | 0.77× | 1.88× | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | 1.93× | 1.82× | ||
| Q3 24 | 1.89× | 1.69× | ||
| Q2 24 | 1.13× | -0.06× |
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
CSX
暂无分部数据
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
