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希悦尔（SEE）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是Frontier Group Holdings, Inc.的1.4倍（$1.4B vs $997.0M），Frontier Group Holdings, Inc.净利率更高（5.3% vs 3.1%，领先2.2%），希悦尔同比增速更快（2.6% vs -0.5%），希悦尔自由现金流更多（$257.7M vs $-113.0M），过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% vs 2.7%）
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
SEE vs ULCC — 直观对比
营收规模更大
SEE
是对方的1.4倍
$997.0M
营收增速更快
SEE
高出3.1%
-0.5%
净利率更高
ULCC
高出2.2%
3.1%
自由现金流更多
SEE
多$370.7M
$-113.0M
两年增速更快
ULCC
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $997.0M |
| 净利润 | $43.8M | $53.0M |
| 毛利率 | 28.6% | — |
| 营业利润率 | 11.4% | 4.9% |
| 净利率 | 3.1% | 5.3% |
| 营收同比 | 2.6% | -0.5% |
| 净利润同比 | 700.0% | -1.9% |
| 每股收益（稀释后） | $0.30 | $0.24 |
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SEEULCC
| Q4 25 | $1.4B | $997.0M | ||
| Q3 25 | $1.3B | $886.0M | ||
| Q2 25 | $1.3B | $929.0M | ||
| Q1 25 | $1.3B | $912.0M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $935.0M | ||
| Q2 24 | $1.3B | $973.0M | ||
| Q1 24 | $1.3B | $865.0M |
净利润SEEULCC
| Q4 25 | $43.8M | $53.0M | ||
| Q3 25 | $255.1M | $-77.0M | ||
| Q2 25 | $93.1M | $-70.0M | ||
| Q1 25 | $113.5M | $-43.0M | ||
| Q4 24 | $-7.3M | $54.0M | ||
| Q3 24 | $91.7M | $26.0M | ||
| Q2 24 | $98.3M | $31.0M | ||
| Q1 24 | $82.0M | $-26.0M |
毛利率SEEULCC
| Q4 25 | 28.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 31.2% | — | ||
| Q1 24 | 30.3% | — |
营业利润率SEEULCC
| Q4 25 | 11.4% | 4.9% | ||
| Q3 25 | 13.8% | -8.7% | ||
| Q2 25 | 15.0% | -8.1% | ||
| Q1 25 | 14.5% | -5.0% | ||
| Q4 24 | 11.7% | 4.5% | ||
| Q3 24 | 13.9% | 2.0% | ||
| Q2 24 | 15.4% | 2.6% | ||
| Q1 24 | 14.0% | -3.6% |
净利率SEEULCC
| Q4 25 | 3.1% | 5.3% | ||
| Q3 25 | 19.0% | -8.7% | ||
| Q2 25 | 7.0% | -7.5% | ||
| Q1 25 | 9.0% | -4.7% | ||
| Q4 24 | -0.5% | 5.4% | ||
| Q3 24 | 6.9% | 2.8% | ||
| Q2 24 | 7.4% | 3.2% | ||
| Q1 24 | 6.2% | -3.0% |
每股收益（稀释后）SEEULCC
| Q4 25 | $0.30 | $0.24 | ||
| Q3 25 | $1.73 | $-0.34 | ||
| Q2 25 | $0.63 | $-0.31 | ||
| Q1 25 | $0.77 | $-0.19 | ||
| Q4 24 | $-0.05 | $0.24 | ||
| Q3 24 | $0.63 | $0.11 | ||
| Q2 24 | $0.67 | $0.14 | ||
| Q1 24 | $0.56 | $-0.12 |
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 | $344.0M | $671.0M |
| 总债务越低越好 | $3.3B | $620.0M |
| 股东权益账面价值 | $1.2B | $491.0M |
| 总资产 | $7.0B | $7.2B |
| 负债/权益比越低杠杆越低 | 2.65× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资SEEULCC
| Q4 25 | $344.0M | $671.0M | ||
| Q3 25 | $282.5M | $566.0M | ||
| Q2 25 | $354.4M | $563.0M | ||
| Q1 25 | $335.2M | $686.0M | ||
| Q4 24 | $371.8M | $740.0M | ||
| Q3 24 | $386.0M | $576.0M | ||
| Q2 24 | $388.6M | $658.0M | ||
| Q1 24 | $352.8M | $622.0M |
总债务SEEULCC
| Q4 25 | $3.3B | $620.0M | ||
| Q3 25 | $4.0B | $673.0M | ||
| Q2 25 | $4.0B | $565.0M | ||
| Q1 25 | $4.2B | $512.0M | ||
| Q4 24 | $4.2B | $507.0M | ||
| Q3 24 | $4.3B | $474.0M | ||
| Q2 24 | $4.4B | $455.0M | ||
| Q1 24 | $4.5B | $469.0M |
股东权益SEEULCC
| Q4 25 | $1.2B | $491.0M | ||
| Q3 25 | $1.2B | $434.0M | ||
| Q2 25 | $953.1M | $506.0M | ||
| Q1 25 | $797.9M | $570.0M | ||
| Q4 24 | $624.5M | $604.0M | ||
| Q3 24 | $771.2M | $549.0M | ||
| Q2 24 | $650.1M | $520.0M | ||
| Q1 24 | $598.3M | $484.0M |
总资产SEEULCC
| Q4 25 | $7.0B | $7.2B | ||
| Q3 25 | $7.1B | $6.7B | ||
| Q2 25 | $7.2B | $6.5B | ||
| Q1 25 | $7.0B | $6.5B | ||
| Q4 24 | $7.0B | $6.2B | ||
| Q3 24 | $7.3B | $5.8B | ||
| Q2 24 | $7.3B | $5.7B | ||
| Q1 24 | $7.2B | $5.2B |
负债/权益比SEEULCC
| Q4 25 | 2.65× | 1.26× | ||
| Q3 25 | 3.34× | 1.55× | ||
| Q2 25 | 4.18× | 1.12× | ||
| Q1 25 | 5.26× | 0.90× | ||
| Q4 24 | 6.72× | 0.84× | ||
| Q3 24 | 5.62× | 0.86× | ||
| Q2 24 | 6.81× | 0.88× | ||
| Q1 24 | 7.49× | 0.97× |
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 | $293.6M | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | $257.7M | $-113.0M |
| 自由现金流率自由现金流/营收 | 18.5% | -11.3% |
| 资本支出强度资本支出/营收 | 2.6% | 2.2% |
| 现金转化率经营现金流/净利润 | 6.70× | -1.72× |
| 过去12个月自由现金流最近4个季度 | $458.5M | $-600.0M |
8季度趋势，按日历期对齐
经营现金流SEEULCC
| Q4 25 | $293.6M | $-91.0M | ||
| Q3 25 | $165.9M | $-215.0M | ||
| Q2 25 | $136.6M | $-133.0M | ||
| Q1 25 | $31.9M | $-86.0M | ||
| Q4 24 | $244.2M | $87.0M | ||
| Q3 24 | $170.5M | $-156.0M | ||
| Q2 24 | $188.2M | $9.0M | ||
| Q1 24 | $125.1M | $-22.0M |
自由现金流SEEULCC
| Q4 25 | $257.7M | $-113.0M | ||
| Q3 25 | $119.6M | $-217.0M | ||
| Q2 25 | $93.2M | $-166.0M | ||
| Q1 25 | $-12.0M | $-104.0M | ||
| Q4 24 | $185.1M | $73.0M | ||
| Q3 24 | $115.2M | $-170.0M | ||
| Q2 24 | $129.5M | $-22.0M | ||
| Q1 24 | $78.0M | $-39.0M |
自由现金流率SEEULCC
| Q4 25 | 18.5% | -11.3% | ||
| Q3 25 | 8.9% | -24.5% | ||
| Q2 25 | 7.0% | -17.9% | ||
| Q1 25 | -0.9% | -11.4% | ||
| Q4 24 | 13.6% | 7.3% | ||
| Q3 24 | 8.6% | -18.2% | ||
| Q2 24 | 9.7% | -2.3% | ||
| Q1 24 | 5.9% | -4.5% |
资本支出强度SEEULCC
| Q4 25 | 2.6% | 2.2% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 3.3% | 3.6% | ||
| Q1 25 | 3.5% | 2.0% | ||
| Q4 24 | 4.4% | 1.4% | ||
| Q3 24 | 4.1% | 1.5% | ||
| Q2 24 | 4.4% | 3.2% | ||
| Q1 24 | 3.6% | 2.0% |
现金转化率SEEULCC
| Q4 25 | 6.70× | -1.72× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 1.86× | -6.00× | ||
| Q2 24 | 1.91× | 0.29× | ||
| Q1 24 | 1.53× | — |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
