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西南航空（LUV）与PG&E Corporation（PCG）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PG&E Corporation的1.1倍（$7.2B vs $6.9B），PG&E Corporation净利率更高（12.9% vs 3.1%，领先9.7%），PG&E Corporation同比增速更快（15.0% vs 12.8%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs -0.7%）
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。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
LUV vs PCG — 直观对比
营收规模更大
LUV
是对方的1.1倍
$6.9B
营收增速更快
PCG
高出2.2%
12.8%
净利率更高
PCG
高出9.7%
3.1%
两年增速更快
PCG
近两年复合增速
-0.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.2B | $6.9B |
| 净利润 | $227.0M | $885.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 21.4% |
| 净利率 | 3.1% | 12.9% |
| 营收同比 | 12.8% | 15.0% |
| 净利润同比 | 252.3% | 39.6% |
| 每股收益（稀释后） | $0.45 | $0.39 |
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LUVPCG
| Q1 26 | $7.2B | $6.9B | ||
| Q4 25 | $7.4B | $6.8B | ||
| Q3 25 | $6.9B | $6.3B | ||
| Q2 25 | $7.2B | $5.9B | ||
| Q1 25 | $6.4B | $6.0B | ||
| Q4 24 | $6.9B | $6.6B | ||
| Q3 24 | $6.9B | $5.9B | ||
| Q2 24 | $7.4B | $6.0B |
净利润LUVPCG
| Q1 26 | $227.0M | $885.0M | ||
| Q4 25 | $323.0M | $670.0M | ||
| Q3 25 | $54.0M | $850.0M | ||
| Q2 25 | $213.0M | $549.0M | ||
| Q1 25 | $-149.0M | $634.0M | ||
| Q4 24 | $262.0M | $674.0M | ||
| Q3 24 | $67.0M | $579.0M | ||
| Q2 24 | $367.0M | $524.0M |
营业利润率LUVPCG
| Q1 26 | — | 21.4% | ||
| Q4 25 | 5.3% | 18.0% | ||
| Q3 25 | 0.5% | 19.3% | ||
| Q2 25 | 3.1% | 18.6% | ||
| Q1 25 | -3.5% | 20.4% | ||
| Q4 24 | 4.0% | 15.4% | ||
| Q3 24 | 0.6% | 17.3% | ||
| Q2 24 | 5.4% | 18.9% |
净利率LUVPCG
| Q1 26 | 3.1% | 12.9% | ||
| Q4 25 | 4.3% | 9.8% | ||
| Q3 25 | 0.8% | 13.6% | ||
| Q2 25 | 2.9% | 9.3% | ||
| Q1 25 | -2.3% | 10.6% | ||
| Q4 24 | 3.8% | 10.2% | ||
| Q3 24 | 1.0% | 9.7% | ||
| Q2 24 | 5.0% | 8.8% |
每股收益（稀释后）LUVPCG
| Q1 26 | $0.45 | $0.39 | ||
| Q4 25 | $0.56 | $0.29 | ||
| Q3 25 | $0.10 | $0.37 | ||
| Q2 25 | $0.39 | $0.24 | ||
| Q1 25 | $-0.26 | $0.28 | ||
| Q4 24 | $0.46 | $0.30 | ||
| Q3 24 | $0.11 | $0.27 | ||
| Q2 24 | $0.58 | $0.24 |
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 | $3.3B | — |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $6.9B | — |
| 总资产 | $20.4B | — |
| 负债/权益比越低杠杆越低 | 0.78× | — |
8季度趋势，按日历期对齐
现金及短期投资LUVPCG
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.2B | $713.0M | ||
| Q3 25 | $3.0B | $404.0M | ||
| Q2 25 | $3.8B | $494.0M | ||
| Q1 25 | $8.3B | $2.0B | ||
| Q4 24 | $8.7B | $940.0M | ||
| Q3 24 | $9.4B | $895.0M | ||
| Q2 24 | $10.0B | $1.3B |
总债务LUVPCG
| Q1 26 | $5.4B | — | ||
| Q4 25 | $4.6B | $57.4B | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $5.1B | $53.6B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.1B | — |
股东权益LUVPCG
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.0B | $32.5B | ||
| Q3 25 | $7.8B | $32.0B | ||
| Q2 25 | $8.0B | $31.2B | ||
| Q1 25 | $9.4B | $30.7B | ||
| Q4 24 | $10.3B | $30.1B | ||
| Q3 24 | $10.4B | $26.8B | ||
| Q2 24 | $10.5B | $26.3B |
总资产LUVPCG
| Q1 26 | $20.4B | — | ||
| Q4 25 | $29.1B | $141.6B | ||
| Q3 25 | $28.3B | $138.2B | ||
| Q2 25 | $28.7B | $136.4B | ||
| Q1 25 | $33.2B | $135.4B | ||
| Q4 24 | $33.8B | $133.7B | ||
| Q3 24 | $34.8B | $132.3B | ||
| Q2 24 | $35.6B | $130.8B |
负债/权益比LUVPCG
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.57× | 1.76× | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.49× | 1.78× | ||
| Q3 24 | 0.49× | — | ||
| Q2 24 | 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 | $1.4B | — |
| 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 | 8.7% | — |
| 现金转化率经营现金流/净利润 | 6.25× | — |
| 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LUVPCG
| Q1 26 | $1.4B | — | ||
| Q4 25 | $294.0M | $2.0B | ||
| Q3 25 | $287.0M | $2.9B | ||
| Q2 25 | $401.0M | $1.1B | ||
| Q1 25 | $860.0M | $2.8B | ||
| Q4 24 | $476.0M | $1.9B | ||
| Q3 24 | $113.0M | $3.1B | ||
| Q2 24 | $-23.0M | $711.0M |
自由现金流LUVPCG
| Q1 26 | — | — | ||
| Q4 25 | $-565.0M | $-1.2B | ||
| Q3 25 | $-391.0M | $-80.0M | ||
| Q2 25 | $-234.0M | $-2.0B | ||
| Q1 25 | $359.0M | $213.0M | ||
| Q4 24 | $16.0M | $-896.0M | ||
| Q3 24 | $-404.0M | $526.0M | ||
| Q2 24 | $-517.0M | $-1.6B |
自由现金流率LUVPCG
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | -17.6% | ||
| Q3 25 | -5.6% | -1.3% | ||
| Q2 25 | -3.2% | -34.0% | ||
| Q1 25 | 5.6% | 3.6% | ||
| Q4 24 | 0.2% | -13.5% | ||
| Q3 24 | -5.9% | 8.9% | ||
| Q2 24 | -7.0% | -26.5% |
资本支出强度LUVPCG
| Q1 26 | 8.7% | — | ||
| Q4 25 | 11.5% | 46.4% | ||
| Q3 25 | 9.8% | 46.9% | ||
| Q2 25 | 8.8% | 52.0% | ||
| Q1 25 | 7.8% | 44.0% | ||
| Q4 24 | 6.6% | 42.6% | ||
| Q3 24 | 7.5% | 43.8% | ||
| Q2 24 | 6.7% | 38.4% |
现金转化率LUVPCG
| Q1 26 | 6.25× | — | ||
| Q4 25 | 0.91× | 2.93× | ||
| Q3 25 | 5.31× | 3.35× | ||
| Q2 25 | 1.88× | 1.93× | ||
| Q1 25 | — | 4.49× | ||
| Q4 24 | 1.82× | 2.87× | ||
| Q3 24 | 1.69× | 5.41× | ||
| Q2 24 | -0.06× | 1.36× |
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
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
