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SKYWEST INC（SKYW）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
SKYWEST INC的季度营收约是猫途鹰的2.5倍（$1.0B vs $411.0M），SKYWEST INC净利率更高（10.0% vs -9.2%，领先19.3%），SKYWEST INC同比增速更快（6.8% vs 0.0%），过去两年SKYWEST INC的营收复合增速更高（8.1% vs 2.0%）
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
SKYW vs TRIP — 直观对比
营收规模更大
SKYW
是对方的2.5倍
$411.0M
营收增速更快
SKYW
高出6.8%
0.0%
净利率更高
SKYW
高出19.3%
-9.2%
两年增速更快
SKYW
近两年复合增速
2.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $411.0M |
| 净利润 | $101.7M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | 12.2% | -8.3% |
| 净利率 | 10.0% | -9.2% |
| 营收同比 | 6.8% | 0.0% |
| 净利润同比 | 1.1% | -3900.0% |
| 每股收益（稀释后） | $2.50 | $-0.32 |
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SKYWTRIP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $411.0M | ||
| Q3 25 | $1.1B | $553.0M | ||
| Q2 25 | $1.0B | $529.0M | ||
| Q1 25 | $948.5M | $398.0M | ||
| Q4 24 | $944.4M | $411.0M | ||
| Q3 24 | $912.8M | $532.0M | ||
| Q2 24 | $867.1M | $497.0M |
净利润SKYWTRIP
| Q1 26 | $101.7M | — | ||
| Q4 25 | $91.2M | $-38.0M | ||
| Q3 25 | $116.4M | $53.0M | ||
| Q2 25 | $120.3M | $36.0M | ||
| Q1 25 | $100.6M | $-11.0M | ||
| Q4 24 | $97.4M | $1.0M | ||
| Q3 24 | $89.7M | $39.0M | ||
| Q2 24 | $75.6M | $24.0M |
毛利率SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% |
营业利润率SKYWTRIP
| Q1 26 | 12.2% | — | ||
| Q4 25 | 13.1% | -8.3% | ||
| Q3 25 | 16.6% | 12.7% | ||
| Q2 25 | 16.4% | 11.2% | ||
| Q1 25 | 14.7% | -3.8% | ||
| Q4 24 | 15.3% | 0.2% | ||
| Q3 24 | 14.4% | 13.2% | ||
| Q2 24 | 13.8% | 7.2% |
净利率SKYWTRIP
| Q1 26 | 10.0% | — | ||
| Q4 25 | 8.9% | -9.2% | ||
| Q3 25 | 11.1% | 9.6% | ||
| Q2 25 | 11.6% | 6.8% | ||
| Q1 25 | 10.6% | -2.8% | ||
| Q4 24 | 10.3% | 0.2% | ||
| Q3 24 | 9.8% | 7.3% | ||
| Q2 24 | 8.7% | 4.8% |
每股收益（稀释后）SKYWTRIP
| Q1 26 | $2.50 | — | ||
| Q4 25 | $2.21 | $-0.32 | ||
| Q3 25 | $2.81 | $0.43 | ||
| Q2 25 | $2.91 | $0.28 | ||
| Q1 25 | $2.42 | $-0.08 | ||
| Q4 24 | $2.34 | $0.03 | ||
| Q3 24 | $2.16 | $0.27 | ||
| Q2 24 | $1.82 | $0.17 |
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 | — | $1.0B |
| 总债务越低越好 | $1.8B | $819.0M |
| 股东权益账面价值 | $2.7B | $645.0M |
| 总资产 | $7.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | $122.7M | $1.0B | ||
| Q3 25 | $44.5M | $1.2B | ||
| Q2 25 | $48.3M | $1.2B | ||
| Q1 25 | $179.0M | $1.2B | ||
| Q4 24 | $227.4M | $1.1B | ||
| Q3 24 | $177.6M | $1.1B | ||
| Q2 24 | $141.8M | $1.2B |
总债务SKYWTRIP
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $819.0M | ||
| Q3 25 | $2.4B | $821.0M | ||
| Q2 25 | $2.5B | $822.0M | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.7B | $831.0M | ||
| Q3 24 | $2.7B | $832.0M | ||
| Q2 24 | $2.8B | — |
股东权益SKYWTRIP
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $645.0M | ||
| Q3 25 | $2.7B | $707.0M | ||
| Q2 25 | $2.6B | $627.0M | ||
| Q1 25 | $2.5B | $643.0M | ||
| Q4 24 | $2.4B | $943.0M | ||
| Q3 24 | $2.3B | $944.0M | ||
| Q2 24 | $2.2B | $857.0M |
总资产SKYWTRIP
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.4B | $2.6B | ||
| Q3 25 | $7.2B | $2.8B | ||
| Q2 25 | $7.2B | $2.9B | ||
| Q1 25 | $7.1B | $2.8B | ||
| Q4 24 | $7.1B | $2.6B | ||
| Q3 24 | $7.0B | $2.7B | ||
| Q2 24 | $7.0B | $2.8B |
负债/权益比SKYWTRIP
| Q1 26 | 0.66× | — | ||
| Q4 25 | — | 1.27× | ||
| Q3 25 | 0.89× | 1.16× | ||
| Q2 25 | 0.97× | 1.31× | ||
| Q1 25 | 1.03× | 1.81× | ||
| Q4 24 | 1.11× | 0.88× | ||
| Q3 24 | 1.17× | 0.88× | ||
| Q2 24 | 1.25× | — |
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 | — | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-122.0M |
| 自由现金流率自由现金流/营收 | — | -29.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | $231.5M | $-103.0M | ||
| Q3 25 | $280.8M | $44.0M | ||
| Q2 25 | $257.1M | $202.0M | ||
| Q1 25 | $171.0M | $102.0M | ||
| Q4 24 | $185.9M | $-3.0M | ||
| Q3 24 | $183.6M | $-43.0M | ||
| Q2 24 | $165.3M | $51.0M |
自由现金流SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | $224.3M | $-122.0M | ||
| Q3 25 | $269.9M | $25.0M | ||
| Q2 25 | $251.5M | $177.0M | ||
| Q1 25 | $162.6M | $83.0M | ||
| Q4 24 | $162.7M | $-26.0M | ||
| Q3 24 | $172.1M | $-63.0M | ||
| Q2 24 | $159.4M | $36.0M |
自由现金流率SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | 21.9% | -29.7% | ||
| Q3 25 | 25.7% | 4.5% | ||
| Q2 25 | 24.3% | 33.5% | ||
| Q1 25 | 17.1% | 20.9% | ||
| Q4 24 | 17.2% | -6.3% | ||
| Q3 24 | 18.9% | -11.8% | ||
| Q2 24 | 18.4% | 7.2% |
资本支出强度SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 4.6% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | 0.5% | 4.7% | ||
| Q1 25 | 0.9% | 4.8% | ||
| Q4 24 | 2.5% | 5.6% | ||
| Q3 24 | 1.3% | 3.8% | ||
| Q2 24 | 0.7% | 3.0% |
现金转化率SKYWTRIP
| Q1 26 | — | — | ||
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.41× | 0.83× | ||
| Q2 25 | 2.14× | 5.61× | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.91× | -3.00× | ||
| Q3 24 | 2.05× | -1.10× | ||
| Q2 24 | 2.19× | 2.13× |
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
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
