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西南航空（LUV）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是西南航空的1.7倍（$12.3B vs $7.2B），高通净利率更高（24.5% vs 3.1%，领先21.4%），西南航空同比增速更快（12.8% vs 5.0%），过去两年高通的营收复合增速更高（14.2% 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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
LUV vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.7倍
$7.2B
营收增速更快
LUV
高出7.8%
5.0%
净利率更高
QCOM
高出21.4%
3.1%
两年增速更快
QCOM
近两年复合增速
-0.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.2B | $12.3B |
| 净利润 | $227.0M | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | — | 27.5% |
| 净利率 | 3.1% | 24.5% |
| 营收同比 | 12.8% | 5.0% |
| 净利润同比 | 252.3% | -5.5% |
| 每股收益（稀释后） | $0.45 | $2.78 |
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LUVQCOM
| Q1 26 | $7.2B | — | ||
| Q4 25 | $7.4B | $12.3B | ||
| Q3 25 | $6.9B | $11.3B | ||
| Q2 25 | $7.2B | $10.4B | ||
| Q1 25 | $6.4B | $11.0B | ||
| Q4 24 | $6.9B | $11.7B | ||
| Q3 24 | $6.9B | $10.2B | ||
| Q2 24 | $7.4B | $9.4B |
净利润LUVQCOM
| Q1 26 | $227.0M | — | ||
| Q4 25 | $323.0M | $3.0B | ||
| Q3 25 | $54.0M | $-3.1B | ||
| Q2 25 | $213.0M | $2.7B | ||
| Q1 25 | $-149.0M | $2.8B | ||
| Q4 24 | $262.0M | $3.2B | ||
| Q3 24 | $67.0M | $2.9B | ||
| Q2 24 | $367.0M | $2.1B |
毛利率LUVQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | 54.6% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.6% | ||
| Q1 25 | — | 55.0% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 55.6% |
营业利润率LUVQCOM
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 27.5% | ||
| Q3 25 | 0.5% | 25.9% | ||
| Q2 25 | 3.1% | 26.6% | ||
| Q1 25 | -3.5% | 28.4% | ||
| Q4 24 | 4.0% | 30.5% | ||
| Q3 24 | 0.6% | 25.2% | ||
| Q2 24 | 5.4% | 23.6% |
净利率LUVQCOM
| Q1 26 | 3.1% | — | ||
| Q4 25 | 4.3% | 24.5% | ||
| Q3 25 | 0.8% | -27.7% | ||
| Q2 25 | 2.9% | 25.7% | ||
| Q1 25 | -2.3% | 25.6% | ||
| Q4 24 | 3.8% | 27.3% | ||
| Q3 24 | 1.0% | 28.5% | ||
| Q2 24 | 5.0% | 22.7% |
每股收益（稀释后）LUVQCOM
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.56 | $2.78 | ||
| Q3 25 | $0.10 | $-2.77 | ||
| Q2 25 | $0.39 | $2.43 | ||
| Q1 25 | $-0.26 | $2.52 | ||
| Q4 24 | $0.46 | $2.83 | ||
| Q3 24 | $0.11 | $2.57 | ||
| Q2 24 | $0.58 | $1.88 |
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 | $11.8B |
| 总债务越低越好 | $5.4B | $14.8B |
| 股东权益账面价值 | $6.9B | $23.1B |
| 总资产 | $20.4B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.78× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LUVQCOM
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.2B | $11.8B | ||
| Q3 25 | $3.0B | $10.2B | ||
| Q2 25 | $3.8B | $10.0B | ||
| Q1 25 | $8.3B | $13.8B | ||
| Q4 24 | $8.7B | $14.3B | ||
| Q3 24 | $9.4B | $13.3B | ||
| Q2 24 | $10.0B | $13.0B |
总债务LUVQCOM
| Q1 26 | $5.4B | — | ||
| Q4 25 | $4.6B | $14.8B | ||
| Q3 25 | $4.1B | $14.8B | ||
| Q2 25 | $4.1B | $14.8B | ||
| Q1 25 | $4.1B | $13.3B | ||
| Q4 24 | $5.1B | $13.2B | ||
| Q3 24 | $5.1B | $13.3B | ||
| Q2 24 | $5.1B | $13.2B |
股东权益LUVQCOM
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.0B | $23.1B | ||
| Q3 25 | $7.8B | $21.2B | ||
| Q2 25 | $8.0B | $27.2B | ||
| Q1 25 | $9.4B | $27.7B | ||
| Q4 24 | $10.3B | $26.9B | ||
| Q3 24 | $10.4B | $26.3B | ||
| Q2 24 | $10.5B | $24.7B |
总资产LUVQCOM
| Q1 26 | $20.4B | — | ||
| Q4 25 | $29.1B | $53.0B | ||
| Q3 25 | $28.3B | $50.1B | ||
| Q2 25 | $28.7B | $54.9B | ||
| Q1 25 | $33.2B | $55.4B | ||
| Q4 24 | $33.8B | $55.6B | ||
| Q3 24 | $34.8B | $55.2B | ||
| Q2 24 | $35.6B | $52.7B |
负债/权益比LUVQCOM
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.57× | 0.64× | ||
| Q3 25 | 0.52× | 0.70× | ||
| Q2 25 | 0.51× | 0.54× | ||
| Q1 25 | 0.44× | 0.48× | ||
| Q4 24 | 0.49× | 0.49× | ||
| Q3 24 | 0.49× | 0.51× | ||
| Q2 24 | 0.48× | 0.53× |
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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | — | $4.4B |
| 自由现金流率自由现金流/营收 | — | 36.0% |
| 资本支出强度资本支出/营收 | 8.7% | 4.5% |
| 现金转化率经营现金流/净利润 | 6.25× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $12.9B |
8季度趋势，按日历期对齐
经营现金流LUVQCOM
| Q1 26 | $1.4B | — | ||
| Q4 25 | $294.0M | $5.0B | ||
| Q3 25 | $287.0M | $4.0B | ||
| Q2 25 | $401.0M | $2.9B | ||
| Q1 25 | $860.0M | $2.6B | ||
| Q4 24 | $476.0M | $4.6B | ||
| Q3 24 | $113.0M | $2.6B | ||
| Q2 24 | $-23.0M | $3.1B |
自由现金流LUVQCOM
| Q1 26 | — | — | ||
| Q4 25 | $-565.0M | $4.4B | ||
| Q3 25 | $-391.0M | $3.6B | ||
| Q2 25 | $-234.0M | $2.6B | ||
| Q1 25 | $359.0M | $2.3B | ||
| Q4 24 | $16.0M | $4.3B | ||
| Q3 24 | $-404.0M | $2.4B | ||
| Q2 24 | $-517.0M | $2.7B |
自由现金流率LUVQCOM
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 36.0% | ||
| Q3 25 | -5.6% | 31.8% | ||
| Q2 25 | -3.2% | 24.9% | ||
| Q1 25 | 5.6% | 21.3% | ||
| Q4 24 | 0.2% | 36.9% | ||
| Q3 24 | -5.9% | 23.3% | ||
| Q2 24 | -7.0% | 28.4% |
资本支出强度LUVQCOM
| Q1 26 | 8.7% | — | ||
| Q4 25 | 11.5% | 4.5% | ||
| Q3 25 | 9.8% | 3.6% | ||
| Q2 25 | 8.8% | 2.8% | ||
| Q1 25 | 7.8% | 1.9% | ||
| Q4 24 | 6.6% | 2.4% | ||
| Q3 24 | 7.5% | 2.5% | ||
| Q2 24 | 6.7% | 4.1% |
现金转化率LUVQCOM
| Q1 26 | 6.25× | — | ||
| Q4 25 | 0.91× | 1.65× | ||
| Q3 25 | 5.31× | — | ||
| Q2 25 | 1.88× | 1.08× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 1.82× | 1.44× | ||
| Q3 24 | 1.69× | 0.91× | ||
| Q2 24 | -0.06× | 1.43× |
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% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
