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安费诺（APH）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
安费诺的季度营收约是Leidos的1.8倍（$7.6B vs $4.2B），安费诺净利率更高（12.4% vs 7.8%，领先4.6%），安费诺同比增速更快（58.4% vs -3.5%），安费诺自由现金流更多（$831.2M vs $452.0M），过去两年安费诺的营收复合增速更高（45.3% vs 3.1%）
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
Leidos Holdings, Inc.是总部位于美国弗吉尼亚州雷斯顿的企业，业务覆盖国防、航空、信息技术、生物医学研究领域，提供科研、工程、系统集成及技术服务。其前身为科学应用国际公司（SAIC），2016年8月与洛克希德·马丁旗下IT业务板块合并，成为国防行业规模最大的IT服务提供商。
APH vs LDOS — 直观对比
营收规模更大
APH
是对方的1.8倍
$4.2B
营收增速更快
APH
高出61.9%
-3.5%
净利率更高
APH
高出4.6%
7.8%
自由现金流更多
APH
多$379.2M
$452.0M
两年增速更快
APH
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $4.2B |
| 净利润 | $943.3M | $327.0M |
| 毛利率 | 36.7% | 17.4% |
| 营业利润率 | 24.0% | 11.3% |
| 净利率 | 12.4% | 7.8% |
| 营收同比 | 58.4% | -3.5% |
| 净利润同比 | 26.8% | 15.1% |
| 每股收益（稀释后） | $0.72 | $2.54 |
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APHLDOS
| Q1 26 | $7.6B | $4.2B | ||
| Q4 25 | $6.4B | $4.4B | ||
| Q3 25 | $6.2B | $4.2B | ||
| Q2 25 | $5.7B | $4.2B | ||
| Q1 25 | $4.8B | $4.3B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | $4.2B | ||
| Q2 24 | $3.6B | $4.1B |
净利润APHLDOS
| Q1 26 | $943.3M | $327.0M | ||
| Q4 25 | $1.2B | $367.0M | ||
| Q3 25 | $1.2B | $391.0M | ||
| Q2 25 | $1.1B | $363.0M | ||
| Q1 25 | $737.8M | $284.0M | ||
| Q4 24 | $746.1M | — | ||
| Q3 24 | $604.4M | $364.0M | ||
| Q2 24 | $524.8M | $322.0M |
毛利率APHLDOS
| Q1 26 | 36.7% | 17.4% | ||
| Q4 25 | 38.2% | 18.0% | ||
| Q3 25 | 38.1% | 18.0% | ||
| Q2 25 | 36.3% | 17.5% | ||
| Q1 25 | 34.2% | 15.6% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | 17.8% | ||
| Q2 24 | 33.6% | 16.6% |
营业利润率APHLDOS
| Q1 26 | 24.0% | 11.3% | ||
| Q4 25 | 26.8% | 12.0% | ||
| Q3 25 | 27.5% | 13.5% | ||
| Q2 25 | 25.1% | 12.5% | ||
| Q1 25 | 21.3% | 9.7% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | 12.4% | ||
| Q2 24 | 19.4% | 11.6% |
净利率APHLDOS
| Q1 26 | 12.4% | 7.8% | ||
| Q4 25 | 18.6% | 8.2% | ||
| Q3 25 | 20.1% | 9.2% | ||
| Q2 25 | 19.3% | 8.6% | ||
| Q1 25 | 15.3% | 6.5% | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.0% | 8.7% | ||
| Q2 24 | 14.5% | 7.8% |
每股收益（稀释后）APHLDOS
| Q1 26 | $0.72 | $2.54 | ||
| Q4 25 | $0.93 | $2.82 | ||
| Q3 25 | $0.97 | $3.01 | ||
| Q2 25 | $0.86 | $2.77 | ||
| Q1 25 | $0.58 | $2.10 | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | $2.68 | ||
| Q2 24 | $0.41 | $2.37 |
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 | $4.6B | $1.1B |
| 总债务越低越好 | $18.7B | $4.6B |
| 股东权益账面价值 | $14.1B | $4.9B |
| 总资产 | $42.1B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.33× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资APHLDOS
| Q1 26 | $4.6B | $1.1B | ||
| Q4 25 | $11.4B | $974.0M | ||
| Q3 25 | $3.9B | $930.0M | ||
| Q2 25 | $3.2B | $842.0M | ||
| Q1 25 | $1.7B | $943.0M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.3B | $823.0M |
总债务APHLDOS
| Q1 26 | $18.7B | $4.6B | ||
| Q4 25 | $14.6B | $4.6B | ||
| Q3 25 | $7.1B | $5.0B | ||
| Q2 25 | $7.1B | $5.0B | ||
| Q1 25 | $6.8B | $4.1B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $5.1B | $4.1B | ||
| Q2 24 | $5.0B | $4.1B |
股东权益APHLDOS
| Q1 26 | $14.1B | $4.9B | ||
| Q4 25 | $13.4B | $4.9B | ||
| Q3 25 | $12.5B | $4.7B | ||
| Q2 25 | $11.5B | $4.3B | ||
| Q1 25 | $10.3B | $4.4B | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.5B | $4.6B | ||
| Q2 24 | $9.0B | $4.5B |
总资产APHLDOS
| Q1 26 | $42.1B | $13.5B | ||
| Q4 25 | $36.2B | $13.5B | ||
| Q3 25 | $27.1B | $13.5B | ||
| Q2 25 | $25.7B | $13.2B | ||
| Q1 25 | $22.9B | $13.1B | ||
| Q4 24 | $21.4B | — | ||
| Q3 24 | $19.6B | $13.3B | ||
| Q2 24 | $18.6B | $12.9B |
负债/权益比APHLDOS
| Q1 26 | 1.33× | 0.94× | ||
| Q4 25 | 1.09× | 0.94× | ||
| Q3 25 | 0.57× | 1.07× | ||
| Q2 25 | 0.62× | 1.18× | ||
| Q1 25 | 0.66× | 0.92× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.54× | 0.88× | ||
| Q2 24 | 0.56× | 0.92× |
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 | $1.1B | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $831.2M | $452.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 10.8% |
| 资本支出强度资本支出/营收 | 3.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $4.6B | — |
8季度趋势，按日历期对齐
经营现金流APHLDOS
| Q1 26 | $1.1B | $495.0M | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.5B | $711.0M | ||
| Q2 25 | $1.4B | $58.0M | ||
| Q1 25 | $764.9M | $299.0M | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | $656.0M | ||
| Q2 24 | $664.1M | $374.0M |
自由现金流APHLDOS
| Q1 26 | $831.2M | $452.0M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | $680.0M | ||
| Q2 25 | $1.1B | $36.0M | ||
| Q1 25 | $576.3M | $213.0M | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | $633.0M | ||
| Q2 24 | $522.8M | $351.0M |
自由现金流率APHLDOS
| Q1 26 | 10.9% | 10.8% | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | 16.1% | ||
| Q2 25 | 19.8% | 0.9% | ||
| Q1 25 | 12.0% | 4.9% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | 15.2% | ||
| Q2 24 | 14.5% | 8.5% |
资本支出强度APHLDOS
| Q1 26 | 3.8% | 1.0% | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 5.3% | 0.5% | ||
| Q1 25 | 3.9% | 2.0% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | 0.6% | ||
| Q2 24 | 3.9% | 0.6% |
现金转化率APHLDOS
| Q1 26 | 1.19× | 1.51× | ||
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.18× | 1.82× | ||
| Q2 25 | 1.30× | 0.16× | ||
| Q1 25 | 1.04× | 1.05× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | 1.80× | ||
| Q2 24 | 1.27× | 1.16× |
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
APH
| Communications Solutions | $4.5B | 60% |
| Harsh Environment Solutions | $1.7B | 22% |
| Interconnect and Sensor Systems | $1.4B | 18% |
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
