vs
达美航空（DAL）与Galaxy Digital Inc.（GLXY）财务数据对比。点击上方公司名可切换其他公司
Galaxy Digital Inc.的季度营收约是达美航空的1.5倍（$23.3B vs $16.0B）
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。
Digital Chocolate是总部位于美国加州圣马特奥的电子游戏开发发行商，由艺电（EA）及3DO公司创始人特里普·霍金斯于2003年创立，主打Java ME功能机、iOS、Windows平台游戏，也推出过部分非娱乐类产品，品牌口号为「把握当下」。
DAL vs GLXY — 直观对比
营收规模更大
GLXY
是对方的1.5倍
$16.0B
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.0B | $23.3B |
| 净利润 | — | $-777.1M |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | -3.7% |
| 净利率 | — | -3.3% |
| 营收同比 | 14.0% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $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DALGLXY
| Q1 26 | $16.0B | — | ||
| Q4 25 | $16.0B | $23.3B | ||
| Q3 25 | $16.7B | $28.4B | ||
| Q2 25 | $16.6B | $8.6B | ||
| Q1 25 | $14.0B | $0 | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $15.7B | $8.5B | ||
| Q2 24 | $16.7B | $8.9B |
净利润DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-777.1M | ||
| Q3 25 | $1.4B | $505.1M | ||
| Q2 25 | $2.1B | $30.7M | ||
| Q1 25 | $240.0M | $0 | ||
| Q4 24 | $843.0M | — | ||
| Q3 24 | $1.3B | $-33.3M | ||
| Q2 24 | $1.3B | $-125.6M |
营业利润率DALGLXY
| Q1 26 | 9.2% | — | ||
| Q4 25 | 9.2% | -3.7% | ||
| Q3 25 | 10.1% | 1.9% | ||
| Q2 25 | 12.6% | 0.5% | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 8.9% | -0.5% | ||
| Q2 24 | 13.6% | -1.6% |
净利率DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | -3.3% | ||
| Q3 25 | 8.5% | 1.8% | ||
| Q2 25 | 12.8% | 0.4% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.1% | -0.4% | ||
| Q2 24 | 7.8% | -1.4% |
每股收益（稀释后）DALGLXY
| Q1 26 | $1.85 | — | ||
| Q4 25 | $1.85 | — | ||
| Q3 25 | $2.17 | — | ||
| Q2 25 | $3.27 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.97 | — | ||
| Q2 24 | $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 | $2.0B |
| 总债务越低越好 | $12.5B | — |
| 股东权益账面价值 | $20.9B | $2.0B |
| 总资产 | $81.3B | $11.3B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资DALGLXY
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $2.0B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.7B | $1.0K | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.2B | — |
总债务DALGLXY
| Q1 26 | $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DALGLXY
| Q1 26 | $20.9B | — | ||
| Q4 25 | $20.9B | $2.0B | ||
| Q3 25 | $18.8B | $1.8B | ||
| Q2 25 | $17.4B | $1.5B | ||
| Q1 25 | $15.4B | $1.0K | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $13.6B | $2.1B | ||
| Q2 24 | $12.4B | $2.1B |
总资产DALGLXY
| Q1 26 | $81.3B | — | ||
| Q4 25 | $81.3B | $11.3B | ||
| Q3 25 | $79.6B | $11.5B | ||
| Q2 25 | $78.4B | $9.1B | ||
| Q1 25 | $77.3B | $1.0K | ||
| Q4 24 | $75.4B | — | ||
| Q3 24 | $75.4B | — | ||
| Q2 24 | $75.2B | — |
负债/权益比DALGLXY
| Q1 26 | 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× | — |
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 | — | $-1.1B |
| 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 | — | — |
| 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DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-1.1B | ||
| Q3 25 | $1.8B | $427.7M | ||
| Q2 25 | $1.9B | $329.3M | ||
| Q1 25 | $2.4B | $0 | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $2.4B | — |
自由现金流DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $687.0M | $189.6M | ||
| 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DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | — | ||
| Q3 25 | 4.1% | 0.7% | ||
| 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DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 7.0% | 0.8% | ||
| 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DALGLXY
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.30× | 0.85× | ||
| Q2 25 | 0.87× | 10.73× | ||
| Q1 25 | 9.91× | — | ||
| Q4 24 | 2.25× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 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
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% |
GLXY
| Other | $13.0B | 56% |
| Digital Assets Sales | $10.2B | 44% |
| Blockchain Rewards | $57.0M | 0% |
| Fee | $27.4M | 0% |
| Blockchain Rewards From Non Customers | $1.7M | 0% |
