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加拿大皇家银行（RY）与美国联合航空（UAL）财务数据对比。点击上方公司名可切换其他公司
美国联合航空的季度营收约是加拿大皇家银行的1.1倍（$14.6B vs $13.1B），加拿大皇家银行净利率更高（32.2% vs 4.8%，领先27.4%）
加拿大皇家银行是加拿大市值最高的跨国金融服务机构，也是加拿大规模最大的银行。该行1864年创立于新斯科舍省哈利法克斯，全球雇员超9.8万人，为超过1800万客户提供服务，企业总部位于多伦多，运营总部位于蒙特利尔，2017年11月被金融稳定委员会列入全球系统重要性银行名单。
美国联合航空是美国主要航企，总部位于伊利诺伊州芝加哥，运营覆盖美国本土及六大洲的广阔国内外航线网络，区域航线由独立航司以美联航快运品牌运营，作为星空联盟五大创始航司之一，其航线网络可辐射全球各地。
RY vs UAL — 直观对比
营收规模更大
UAL
是对方的1.1倍
$13.1B
净利率更高
RY
高出27.4%
4.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.1B | $14.6B |
| 净利润 | $4.2B | $699.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.8% |
| 净利率 | 32.2% | 4.8% |
| 营收同比 | — | 10.6% |
| 净利润同比 | — | 80.6% |
| 每股收益（稀释后） | — | $2.14 |
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RYUAL
| Q1 26 | $13.1B | $14.6B | ||
| Q4 25 | — | $15.4B | ||
| Q3 25 | $12.4B | $15.2B | ||
| Q2 25 | $11.4B | $15.2B | ||
| Q1 25 | — | $13.2B | ||
| Q4 24 | — | $14.7B | ||
| Q3 24 | — | $14.8B | ||
| Q2 24 | — | $15.0B |
净利润RYUAL
| Q1 26 | $4.2B | $699.0M | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $4.0B | $949.0M | ||
| Q2 25 | $3.2B | $973.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $985.0M | ||
| Q3 24 | — | $965.0M | ||
| Q2 24 | — | $1.3B |
营业利润率RYUAL
| Q1 26 | — | 6.8% | ||
| Q4 25 | — | 9.0% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 12.9% |
净利率RYUAL
| Q1 26 | 32.2% | 4.8% | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | 31.9% | 6.2% | ||
| Q2 25 | 28.0% | 6.4% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 8.8% |
每股收益（稀释后）RYUAL
| Q1 26 | — | $2.14 | ||
| Q4 25 | — | $3.17 | ||
| Q3 25 | — | $2.90 | ||
| Q2 25 | — | $2.97 | ||
| Q1 25 | — | $1.16 | ||
| Q4 24 | — | $2.97 | ||
| Q3 24 | — | $2.90 | ||
| Q2 24 | — | $3.96 |
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 | $33.7B | $14.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $102.1B | $15.9B |
| 总资产 | $1709.9B | $80.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资RYUAL
| Q1 26 | $33.7B | $14.2B | ||
| Q4 25 | — | $12.2B | ||
| Q3 25 | $25.5B | $13.3B | ||
| Q2 25 | $35.5B | $15.6B | ||
| Q1 25 | — | $15.3B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | — | $14.2B | ||
| Q2 24 | — | $15.2B |
总债务RYUAL
| Q1 26 | — | — | ||
| Q4 25 | — | $20.6B | ||
| Q3 25 | — | $20.8B | ||
| Q2 25 | — | $20.9B | ||
| Q1 25 | — | $24.4B | ||
| Q4 24 | — | $25.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益RYUAL
| Q1 26 | $102.1B | $15.9B | ||
| Q4 25 | — | $15.3B | ||
| Q3 25 | $99.0B | $14.3B | ||
| Q2 25 | $96.7B | $13.4B | ||
| Q1 25 | — | $12.6B | ||
| Q4 24 | — | $12.7B | ||
| Q3 24 | — | $11.4B | ||
| Q2 24 | — | $10.5B |
总资产RYUAL
| Q1 26 | $1709.9B | $80.9B | ||
| Q4 25 | — | $76.4B | ||
| Q3 25 | $1626.4B | $76.3B | ||
| Q2 25 | $1636.8B | $77.2B | ||
| Q1 25 | — | $76.1B | ||
| Q4 24 | — | $74.1B | ||
| Q3 24 | — | $72.6B | ||
| Q2 24 | — | $73.3B |
负债/权益比RYUAL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.56× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $27.7B | $4.8B |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 13.9% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 6.55× | 6.87× |
| 过去12个月自由现金流最近4个季度 | — | $2.1B |
8季度趋势，按日历期对齐
经营现金流RYUAL
| Q1 26 | $27.7B | $4.8B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $21.2B | $1.2B | ||
| Q2 25 | $7.2B | $2.2B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $2.9B |
自由现金流RYUAL
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $-604.0M | ||
| Q3 25 | — | $-246.0M | ||
| Q2 25 | — | $930.0M | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $549.0M | ||
| Q3 24 | — | $88.0M | ||
| Q2 24 | — | $1.7B |
自由现金流率RYUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | — | -3.9% | ||
| Q3 25 | — | -1.6% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 11.4% |
资本支出强度RYUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | — | 12.3% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 9.5% | ||
| Q2 24 | — | 7.8% |
现金转化率RYUAL
| Q1 26 | 6.55× | 6.87× | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | 5.36× | 1.28× | ||
| Q2 25 | 2.24× | 2.28× | ||
| Q1 25 | — | 9.59× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 2.17× |
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
RY
暂无分部数据
UAL
| Passenger revenue | $13.2B | 90% |
| Other | $1.0B | 7% |
| Cargo revenue | $422.0M | 3% |
