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达美航空（DAL）与甲骨文（ORCL）财务数据对比。点击上方公司名可切换其他公司
甲骨文的季度营收约是达美航空的1.0倍（$16.1B vs $16.0B），甲骨文同比增速更快（14.2% vs 14.0%），过去两年甲骨文的营收复合增速更高（10.0% 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。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
DAL vs ORCL — 直观对比
营收规模更大
ORCL
是对方的1.0倍
$16.0B
营收增速更快
ORCL
高出0.2%
14.0%
两年增速更快
ORCL
近两年复合增速
-2.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.0B | $16.1B |
| 净利润 | — | $6.1B |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | 29.5% |
| 净利率 | — | 38.2% |
| 营收同比 | 14.0% | 14.2% |
| 净利润同比 | — | 94.7% |
| 每股收益（稀释后） | $1.85 | $2.10 |
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DALORCL
| Q1 26 | $16.0B | — | ||
| Q4 25 | $16.0B | $16.1B | ||
| Q3 25 | $16.7B | $14.9B | ||
| Q2 25 | $16.6B | $15.9B | ||
| Q1 25 | $14.0B | $14.1B | ||
| Q4 24 | $15.6B | $14.1B | ||
| Q3 24 | $15.7B | $13.3B | ||
| Q2 24 | $16.7B | $14.3B |
净利润DALORCL
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $240.0M | $2.9B | ||
| Q4 24 | $843.0M | $3.2B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $3.1B |
营业利润率DALORCL
| Q1 26 | 9.2% | — | ||
| Q4 25 | 9.2% | 29.5% | ||
| Q3 25 | 10.1% | 28.7% | ||
| Q2 25 | 12.6% | 32.1% | ||
| Q1 25 | 4.1% | 30.8% | ||
| Q4 24 | 11.0% | 30.0% | ||
| Q3 24 | 8.9% | 30.0% | ||
| Q2 24 | 13.6% | 32.8% |
净利率DALORCL
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 38.2% | ||
| Q3 25 | 8.5% | 19.6% | ||
| Q2 25 | 12.8% | 21.5% | ||
| Q1 25 | 1.7% | 20.8% | ||
| Q4 24 | 5.4% | 22.4% | ||
| Q3 24 | 8.1% | 22.0% | ||
| Q2 24 | 7.8% | 22.0% |
每股收益（稀释后）DALORCL
| Q1 26 | $1.85 | — | ||
| Q4 25 | $1.85 | $2.10 | ||
| Q3 25 | $2.17 | $1.01 | ||
| Q2 25 | $3.27 | $1.19 | ||
| Q1 25 | $0.37 | $1.02 | ||
| Q4 24 | $1.29 | $1.10 | ||
| Q3 24 | $1.97 | $1.03 | ||
| Q2 24 | $2.01 | $1.11 |
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 | $19.2B |
| 总债务越低越好 | $12.5B | — |
| 股东权益账面价值 | $20.9B | $30.0B |
| 总资产 | $81.3B | $205.0B |
| 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DALORCL
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $19.2B | ||
| Q3 25 | $3.8B | $10.4B | ||
| Q2 25 | $3.3B | $10.8B | ||
| Q1 25 | $3.7B | $17.4B | ||
| Q4 24 | $3.1B | $10.9B | ||
| Q3 24 | $4.0B | $10.6B | ||
| Q2 24 | $4.2B | $10.5B |
总债务DALORCL
| 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DALORCL
| Q1 26 | $20.9B | — | ||
| Q4 25 | $20.9B | $30.0B | ||
| Q3 25 | $18.8B | $24.2B | ||
| Q2 25 | $17.4B | $20.5B | ||
| Q1 25 | $15.4B | $16.7B | ||
| Q4 24 | $15.3B | $13.7B | ||
| Q3 24 | $13.6B | $10.8B | ||
| Q2 24 | $12.4B | $8.7B |
总资产DALORCL
| Q1 26 | $81.3B | — | ||
| Q4 25 | $81.3B | $205.0B | ||
| Q3 25 | $79.6B | $180.4B | ||
| Q2 25 | $78.4B | $168.4B | ||
| Q1 25 | $77.3B | $161.4B | ||
| Q4 24 | $75.4B | $148.5B | ||
| Q3 24 | $75.4B | $144.2B | ||
| Q2 24 | $75.2B | $141.0B |
负债/权益比DALORCL
| 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 | — | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-10.0B |
| 自由现金流率自由现金流/营收 | — | -62.1% |
| 资本支出强度资本支出/营收 | — | 74.9% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | — | $-13.2B |
8季度趋势，按日历期对齐
经营现金流DALORCL
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $1.8B | $8.1B | ||
| Q2 25 | $1.9B | $6.2B | ||
| Q1 25 | $2.4B | $5.9B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $2.4B | $6.1B |
自由现金流DALORCL
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-10.0B | ||
| Q3 25 | $687.0M | $-362.0M | ||
| Q2 25 | $648.0M | $-2.9B | ||
| Q1 25 | $1.2B | $71.0M | ||
| Q4 24 | $583.0M | $-2.7B | ||
| Q3 24 | $-54.0M | $5.1B | ||
| Q2 24 | $1.1B | $3.3B |
自由现金流率DALORCL
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | -62.1% | ||
| Q3 25 | 4.1% | -2.4% | ||
| Q2 25 | 3.9% | -18.4% | ||
| Q1 25 | 8.2% | 0.5% | ||
| Q4 24 | 3.7% | -19.0% | ||
| Q3 24 | -0.3% | 38.5% | ||
| Q2 24 | 6.8% | 23.0% |
资本支出强度DALORCL
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 74.9% | ||
| Q3 25 | 7.0% | 57.0% | ||
| Q2 25 | 7.3% | 57.1% | ||
| Q1 25 | 8.7% | 41.5% | ||
| Q4 24 | 8.4% | 28.2% | ||
| Q3 24 | 8.5% | 17.3% | ||
| Q2 24 | 7.9% | 19.6% |
现金转化率DALORCL
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 0.34× | ||
| Q3 25 | 1.30× | 2.78× | ||
| Q2 25 | 0.87× | 1.80× | ||
| Q1 25 | 9.91× | 2.02× | ||
| Q4 24 | 2.25× | 0.41× | ||
| Q3 24 | 1.00× | 2.54× | ||
| Q2 24 | 1.88× | 1.93× |
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% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
