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康宁（GLW）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康宁的1.7倍（$7.2B vs $4.2B），康宁净利率更高（12.8% vs 3.1%，领先9.7%），康宁同比增速更快（20.4% vs 12.8%），过去两年康宁的营收复合增速更高（19.0% vs -0.7%）
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
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。
GLW vs LUV — 直观对比
营收规模更大
LUV
是对方的1.7倍
$4.2B
营收增速更快
GLW
高出7.6%
12.8%
净利率更高
GLW
高出9.7%
3.1%
两年增速更快
GLW
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.2B |
| 净利润 | $540.0M | $227.0M |
| 毛利率 | 35.5% | — |
| 营业利润率 | 15.9% | — |
| 净利率 | 12.8% | 3.1% |
| 营收同比 | 20.4% | 12.8% |
| 净利润同比 | 74.2% | 252.3% |
| 每股收益（稀释后） | $0.61 | $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GLWLUV
| Q1 26 | — | $7.2B | ||
| Q4 25 | $4.2B | $7.4B | ||
| Q3 25 | $4.1B | $6.9B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | $3.5B | $6.4B | ||
| Q4 24 | $3.5B | $6.9B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.3B | $7.4B |
净利润GLWLUV
| Q1 26 | — | $227.0M | ||
| Q4 25 | $540.0M | $323.0M | ||
| Q3 25 | $430.0M | $54.0M | ||
| Q2 25 | $469.0M | $213.0M | ||
| Q1 25 | $157.0M | $-149.0M | ||
| Q4 24 | $310.0M | $262.0M | ||
| Q3 24 | $-117.0M | $67.0M | ||
| Q2 24 | $104.0M | $367.0M |
毛利率GLWLUV
| Q1 26 | — | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 37.1% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 29.2% | — |
营业利润率GLWLUV
| Q1 26 | — | — | ||
| Q4 25 | 15.9% | 5.3% | ||
| Q3 25 | 14.4% | 0.5% | ||
| Q2 25 | 14.8% | 3.1% | ||
| Q1 25 | 12.9% | -3.5% | ||
| Q4 24 | 11.2% | 4.0% | ||
| Q3 24 | 8.9% | 0.6% | ||
| Q2 24 | 5.7% | 5.4% |
净利率GLWLUV
| Q1 26 | — | 3.1% | ||
| Q4 25 | 12.8% | 4.3% | ||
| Q3 25 | 10.5% | 0.8% | ||
| Q2 25 | 12.1% | 2.9% | ||
| Q1 25 | 4.5% | -2.3% | ||
| Q4 24 | 8.9% | 3.8% | ||
| Q3 24 | -3.5% | 1.0% | ||
| Q2 24 | 3.2% | 5.0% |
每股收益（稀释后）GLWLUV
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.61 | $0.56 | ||
| Q3 25 | $0.50 | $0.10 | ||
| Q2 25 | $0.54 | $0.39 | ||
| Q1 25 | $0.18 | $-0.26 | ||
| Q4 24 | $0.36 | $0.46 | ||
| Q3 24 | $-0.14 | $0.11 | ||
| Q2 24 | $0.12 | $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 | $1.5B | $3.3B |
| 总债务越低越好 | $7.6B | $5.4B |
| 股东权益账面价值 | $11.8B | $6.9B |
| 总资产 | $31.0B | $20.4B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资GLWLUV
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | $1.8B | $8.7B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $10.0B |
总债务GLWLUV
| Q1 26 | — | $5.4B | ||
| Q4 25 | $7.6B | $4.6B | ||
| Q3 25 | $7.4B | $4.1B | ||
| Q2 25 | $6.7B | $4.1B | ||
| Q1 25 | $7.0B | $4.1B | ||
| Q4 24 | $6.9B | $5.1B | ||
| Q3 24 | $7.1B | $5.1B | ||
| Q2 24 | $6.9B | $5.1B |
股东权益GLWLUV
| Q1 26 | — | $6.9B | ||
| Q4 25 | $11.8B | $8.0B | ||
| Q3 25 | $11.5B | $7.8B | ||
| Q2 25 | $11.1B | $8.0B | ||
| Q1 25 | $10.7B | $9.4B | ||
| Q4 24 | $10.7B | $10.3B | ||
| Q3 24 | $11.1B | $10.4B | ||
| Q2 24 | $10.6B | $10.5B |
总资产GLWLUV
| Q1 26 | — | $20.4B | ||
| Q4 25 | $31.0B | $29.1B | ||
| Q3 25 | $29.9B | $28.3B | ||
| Q2 25 | $28.7B | $28.7B | ||
| Q1 25 | $27.4B | $33.2B | ||
| Q4 24 | $27.7B | $33.8B | ||
| Q3 24 | $28.3B | $34.8B | ||
| Q2 24 | $27.2B | $35.6B |
负债/权益比GLWLUV
| Q1 26 | — | 0.78× | ||
| Q4 25 | 0.65× | 0.57× | ||
| Q3 25 | 0.64× | 0.52× | ||
| Q2 25 | 0.60× | 0.51× | ||
| Q1 25 | 0.65× | 0.44× | ||
| Q4 24 | 0.64× | 0.49× | ||
| Q3 24 | 0.64× | 0.49× | ||
| Q2 24 | 0.65× | 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 | $1.1B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $620.0M | — |
| 自由现金流率自由现金流/营收 | 14.7% | — |
| 资本支出强度资本支出/营收 | 10.2% | 8.7% |
| 现金转化率经营现金流/净利润 | 1.95× | 6.25× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流GLWLUV
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $294.0M | ||
| Q3 25 | $784.0M | $287.0M | ||
| Q2 25 | $708.0M | $401.0M | ||
| Q1 25 | $151.0M | $860.0M | ||
| Q4 24 | $623.0M | $476.0M | ||
| Q3 24 | $699.0M | $113.0M | ||
| Q2 24 | $521.0M | $-23.0M |
自由现金流GLWLUV
| Q1 26 | — | — | ||
| Q4 25 | $620.0M | $-565.0M | ||
| Q3 25 | $450.0M | $-391.0M | ||
| Q2 25 | $400.0M | $-234.0M | ||
| Q1 25 | $-57.0M | $359.0M | ||
| Q4 24 | $369.0M | $16.0M | ||
| Q3 24 | $482.0M | $-404.0M | ||
| Q2 24 | $279.0M | $-517.0M |
自由现金流率GLWLUV
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | -7.6% | ||
| Q3 25 | 11.0% | -5.6% | ||
| Q2 25 | 10.4% | -3.2% | ||
| Q1 25 | -1.7% | 5.6% | ||
| Q4 24 | 10.5% | 0.2% | ||
| Q3 24 | 14.2% | -5.9% | ||
| Q2 24 | 8.6% | -7.0% |
资本支出强度GLWLUV
| Q1 26 | — | 8.7% | ||
| Q4 25 | 10.2% | 11.5% | ||
| Q3 25 | 8.1% | 9.8% | ||
| Q2 25 | 8.0% | 8.8% | ||
| Q1 25 | 6.0% | 7.8% | ||
| Q4 24 | 7.3% | 6.6% | ||
| Q3 24 | 6.4% | 7.5% | ||
| Q2 24 | 7.4% | 6.7% |
现金转化率GLWLUV
| Q1 26 | — | 6.25× | ||
| Q4 25 | 1.95× | 0.91× | ||
| Q3 25 | 1.82× | 5.31× | ||
| Q2 25 | 1.51× | 1.88× | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 2.01× | 1.82× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | 5.01× | -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
GLW
暂无分部数据
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
