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达美航空（DAL）与伟创力（FLEX）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伟创力的2.1倍（$16.0B vs $7.5B），伟创力同比增速更快（16.9% vs 14.0%），过去两年伟创力的营收复合增速更高（8.8% vs -2.0%）
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。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
DAL vs FLEX — 直观对比
营收规模更大
DAL
是对方的2.1倍
$7.5B
营收增速更快
FLEX
高出2.9%
14.0%
两年增速更快
FLEX
近两年复合增速
-2.0%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.0B | $7.5B |
| 净利润 | — | $250.0M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 9.2% | 5.0% |
| 净利率 | — | 3.3% |
| 营收同比 | 14.0% | 16.9% |
| 净利润同比 | — | 12.6% |
| 每股收益（稀释后） | $1.85 | $0.67 |
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DALFLEX
| Q1 26 | $16.0B | $7.5B | ||
| Q4 25 | $16.0B | $7.1B | ||
| Q3 25 | $16.7B | $6.8B | ||
| Q2 25 | $16.6B | $6.6B | ||
| Q1 25 | $14.0B | $6.4B | ||
| Q4 24 | $15.6B | $6.6B | ||
| Q3 24 | $15.7B | $6.5B | ||
| Q2 24 | $16.7B | $6.3B |
净利润DALFLEX
| Q1 26 | — | $250.0M | ||
| Q4 25 | $1.2B | $239.0M | ||
| Q3 25 | $1.4B | $199.0M | ||
| Q2 25 | $2.1B | $192.0M | ||
| Q1 25 | $240.0M | $222.0M | ||
| Q4 24 | $843.0M | $263.0M | ||
| Q3 24 | $1.3B | $214.0M | ||
| Q2 24 | $1.3B | $139.0M |
毛利率DALFLEX
| Q1 26 | — | 9.4% | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% |
营业利润率DALFLEX
| Q1 26 | 9.2% | 5.0% | ||
| Q4 25 | 9.2% | 5.5% | ||
| Q3 25 | 10.1% | 4.4% | ||
| Q2 25 | 12.6% | 4.7% | ||
| Q1 25 | 4.1% | 4.8% | ||
| Q4 24 | 11.0% | 5.1% | ||
| Q3 24 | 8.9% | 4.5% | ||
| Q2 24 | 13.6% | 3.7% |
净利率DALFLEX
| Q1 26 | — | 3.3% | ||
| Q4 25 | 7.6% | 3.4% | ||
| Q3 25 | 8.5% | 2.9% | ||
| Q2 25 | 12.8% | 2.9% | ||
| Q1 25 | 1.7% | 3.5% | ||
| Q4 24 | 5.4% | 4.0% | ||
| Q3 24 | 8.1% | 3.3% | ||
| Q2 24 | 7.8% | 2.2% |
每股收益（稀释后）DALFLEX
| Q1 26 | $1.85 | $0.67 | ||
| Q4 25 | $1.85 | $0.64 | ||
| Q3 25 | $2.17 | $0.52 | ||
| Q2 25 | $3.27 | $0.50 | ||
| Q1 25 | $0.37 | $0.56 | ||
| Q4 24 | $1.29 | $0.67 | ||
| Q3 24 | $1.97 | $0.54 | ||
| Q2 24 | $2.01 | $0.34 |
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 | $2.4B |
| 总债务越低越好 | $12.5B | $3.8B |
| 股东权益账面价值 | $20.9B | $5.1B |
| 总资产 | $81.3B | $22.1B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资DALFLEX
| Q1 26 | $4.3B | $2.4B | ||
| Q4 25 | $4.3B | $3.1B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $4.2B | $2.2B |
总债务DALFLEX
| Q1 26 | $12.5B | $3.8B | ||
| Q4 25 | $12.5B | $4.4B | ||
| Q3 25 | $12.8B | $3.7B | ||
| Q2 25 | $12.8B | $3.7B | ||
| Q1 25 | $12.9B | $3.7B | ||
| Q4 24 | $14.0B | $3.7B | ||
| Q3 24 | $14.4B | $3.7B | ||
| Q2 24 | $15.0B | $3.2B |
股东权益DALFLEX
| Q1 26 | $20.9B | $5.1B | ||
| Q4 25 | $20.9B | $5.1B | ||
| Q3 25 | $18.8B | $5.0B | ||
| Q2 25 | $17.4B | $5.1B | ||
| Q1 25 | $15.4B | $5.0B | ||
| Q4 24 | $15.3B | $5.0B | ||
| Q3 24 | $13.6B | $5.0B | ||
| Q2 24 | $12.4B | $5.0B |
总资产DALFLEX
| Q1 26 | $81.3B | $22.1B | ||
| Q4 25 | $81.3B | $20.8B | ||
| Q3 25 | $79.6B | $19.5B | ||
| Q2 25 | $78.4B | $19.1B | ||
| Q1 25 | $77.3B | $18.4B | ||
| Q4 24 | $75.4B | $18.3B | ||
| Q3 24 | $75.4B | $18.6B | ||
| Q2 24 | $75.2B | $17.7B |
负债/权益比DALFLEX
| Q1 26 | 0.60× | 0.73× | ||
| Q4 25 | 0.60× | 0.87× | ||
| Q3 25 | 0.68× | 0.73× | ||
| Q2 25 | 0.74× | 0.72× | ||
| Q1 25 | 0.83× | 0.74× | ||
| Q4 24 | 0.92× | 0.74× | ||
| Q3 24 | 1.05× | 0.74× | ||
| Q2 24 | 1.21× | 0.64× |
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 | — | $413.0M |
| 自由现金流经营现金流 - 资本支出 | — | $212.0M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 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 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DALFLEX
| Q1 26 | — | $413.0M | ||
| Q4 25 | $2.3B | $420.0M | ||
| Q3 25 | $1.8B | $453.0M | ||
| Q2 25 | $1.9B | $399.0M | ||
| Q1 25 | $2.4B | $433.0M | ||
| Q4 24 | $1.9B | $413.0M | ||
| Q3 24 | $1.3B | $319.0M | ||
| Q2 24 | $2.4B | $340.0M |
自由现金流DALFLEX
| Q1 26 | — | $212.0M | ||
| Q4 25 | $1.4B | $272.0M | ||
| Q3 25 | $687.0M | $303.0M | ||
| Q2 25 | $648.0M | $266.0M | ||
| Q1 25 | $1.2B | $321.0M | ||
| Q4 24 | $583.0M | $301.0M | ||
| Q3 24 | $-54.0M | $216.0M | ||
| Q2 24 | $1.1B | $229.0M |
自由现金流率DALFLEX
| Q1 26 | — | 2.8% | ||
| Q4 25 | 8.5% | 3.9% | ||
| Q3 25 | 4.1% | 4.5% | ||
| Q2 25 | 3.9% | 4.0% | ||
| Q1 25 | 8.2% | 5.0% | ||
| Q4 24 | 3.7% | 4.6% | ||
| Q3 24 | -0.3% | 3.3% | ||
| Q2 24 | 6.8% | 3.6% |
资本支出强度DALFLEX
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 2.1% | ||
| Q3 25 | 7.0% | 2.2% | ||
| Q2 25 | 7.3% | 2.0% | ||
| Q1 25 | 8.7% | 1.8% | ||
| Q4 24 | 8.4% | 1.7% | ||
| Q3 24 | 8.5% | 1.6% | ||
| Q2 24 | 7.9% | 1.8% |
现金转化率DALFLEX
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.86× | 1.76× | ||
| Q3 25 | 1.30× | 2.28× | ||
| Q2 25 | 0.87× | 2.08× | ||
| Q1 25 | 9.91× | 1.95× | ||
| Q4 24 | 2.25× | 1.57× | ||
| Q3 24 | 1.00× | 1.49× | ||
| Q2 24 | 1.88× | 2.45× |
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
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% |
FLEX
暂无分部数据
