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达美航空（DAL）与斯伦贝谢（SLB）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斯伦贝谢的1.8倍（$16.0B vs $8.7B），达美航空同比增速更快（14.0% vs 2.7%），过去两年达美航空的营收复合增速更高（-2.0% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
DAL vs SLB — 直观对比
营收规模更大
DAL
是对方的1.8倍
$8.7B
营收增速更快
DAL
高出11.3%
2.7%
两年增速更快
DAL
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.0B | $8.7B |
| 净利润 | — | $752.0M |
| 毛利率 | — | — |
| 营业利润率 | 9.2% | — |
| 净利率 | — | 8.6% |
| 营收同比 | 14.0% | 2.7% |
| 净利润同比 | — | -5.6% |
| 每股收益（稀释后） | $1.85 | $0.50 |
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DALSLB
| Q1 26 | $16.0B | $8.7B | ||
| Q4 25 | $16.0B | $9.7B | ||
| Q3 25 | $16.7B | $8.9B | ||
| Q2 25 | $16.6B | $8.5B | ||
| Q1 25 | $14.0B | $8.5B | ||
| Q4 24 | $15.6B | $9.3B | ||
| Q3 24 | $15.7B | $9.2B | ||
| Q2 24 | $16.7B | $9.1B |
净利润DALSLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $1.2B | $824.0M | ||
| Q3 25 | $1.4B | $739.0M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $240.0M | $797.0M | ||
| Q4 24 | $843.0M | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.1B |
营业利润率DALSLB
| Q1 26 | 9.2% | — | ||
| Q4 25 | 9.2% | 9.7% | ||
| Q3 25 | 10.1% | 11.2% | ||
| Q2 25 | 12.6% | 15.0% | ||
| Q1 25 | 4.1% | 12.5% | ||
| Q4 24 | 11.0% | 14.9% | ||
| Q3 24 | 8.9% | 16.5% | ||
| Q2 24 | 13.6% | 15.5% |
净利率DALSLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 7.6% | 8.5% | ||
| Q3 25 | 8.5% | 8.3% | ||
| Q2 25 | 12.8% | 11.9% | ||
| Q1 25 | 1.7% | 9.4% | ||
| Q4 24 | 5.4% | 11.8% | ||
| Q3 24 | 8.1% | 12.9% | ||
| Q2 24 | 7.8% | 12.2% |
每股收益（稀释后）DALSLB
| Q1 26 | $1.85 | $0.50 | ||
| Q4 25 | $1.85 | $0.53 | ||
| Q3 25 | $2.17 | $0.50 | ||
| Q2 25 | $3.27 | $0.74 | ||
| Q1 25 | $0.37 | $0.58 | ||
| Q4 24 | $1.29 | $0.77 | ||
| Q3 24 | $1.97 | $0.83 | ||
| Q2 24 | $2.01 | $0.77 |
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 | $3.4B |
| 总债务越低越好 | $12.5B | $9.7B |
| 股东权益账面价值 | $20.9B | $27.4B |
| 总资产 | $81.3B | $19.3B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资DALSLB
| Q1 26 | $4.3B | $3.4B | ||
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $3.8B | $571.0M | ||
| Q2 25 | $3.3B | $511.0M | ||
| Q1 25 | $3.7B | $961.0M | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $4.2B | $1.1B |
总债务DALSLB
| Q1 26 | $12.5B | $9.7B | ||
| 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DALSLB
| Q1 26 | $20.9B | $27.4B | ||
| Q4 25 | $20.9B | $26.1B | ||
| Q3 25 | $18.8B | $25.6B | ||
| Q2 25 | $17.4B | $20.3B | ||
| Q1 25 | $15.4B | $19.5B | ||
| Q4 24 | $15.3B | $21.1B | ||
| Q3 24 | $13.6B | $21.5B | ||
| Q2 24 | $12.4B | $21.1B |
总资产DALSLB
| Q1 26 | $81.3B | $19.3B | ||
| Q4 25 | $81.3B | $54.9B | ||
| Q3 25 | $79.6B | $55.1B | ||
| Q2 25 | $78.4B | $48.8B | ||
| Q1 25 | $77.3B | $49.0B | ||
| Q4 24 | $75.4B | $48.9B | ||
| Q3 24 | $75.4B | $49.8B | ||
| Q2 24 | $75.2B | $49.4B |
负债/权益比DALSLB
| Q1 26 | 0.60× | 0.35× | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $103.0M |
| 自由现金流率自由现金流/营收 | — | 1.2% |
| 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 | — | $4.6B |
8季度趋势，按日历期对齐
经营现金流DALSLB
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $3.0B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $2.4B | $660.0M | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $2.4B | $1.4B |
自由现金流DALSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $687.0M | $1.3B | ||
| Q2 25 | $648.0M | $771.0M | ||
| Q1 25 | $1.2B | $262.0M | ||
| Q4 24 | $583.0M | $1.8B | ||
| Q3 24 | $-54.0M | $2.0B | ||
| Q2 24 | $1.1B | $973.0M |
自由现金流率DALSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 8.5% | 25.5% | ||
| Q3 25 | 4.1% | 14.3% | ||
| Q2 25 | 3.9% | 9.0% | ||
| Q1 25 | 8.2% | 3.1% | ||
| Q4 24 | 3.7% | 19.2% | ||
| Q3 24 | -0.3% | 21.7% | ||
| Q2 24 | 6.8% | 10.6% |
资本支出强度DALSLB
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 5.3% | ||
| Q3 25 | 7.0% | 4.6% | ||
| Q2 25 | 7.3% | 4.3% | ||
| Q1 25 | 8.7% | 4.7% | ||
| Q4 24 | 8.4% | 6.6% | ||
| Q3 24 | 8.5% | 5.0% | ||
| Q2 24 | 7.9% | 5.1% |
现金转化率DALSLB
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 3.65× | ||
| Q3 25 | 1.30× | 2.28× | ||
| Q2 25 | 0.87× | 1.13× | ||
| Q1 25 | 9.91× | 0.83× | ||
| Q4 24 | 2.25× | 2.18× | ||
| Q3 24 | 1.00× | 2.06× | ||
| Q2 24 | 1.88× | 1.29× |
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% |
SLB
暂无分部数据
