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安波福（APTV）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
安波福的季度营收约是Leidos的1.2倍（$5.2B vs $4.2B），Leidos净利率更高（7.8% vs 2.7%，领先5.1%），安波福同比增速更快（5.0% vs -3.5%），安波福自由现金流更多（$651.0M vs $452.0M），过去两年Leidos的营收复合增速更高（3.1% vs 2.5%）
安波福（Aptiv）是源自美国的全球知名汽车技术供应商，总部设于瑞士沙夫豪森。其前身是通用汽车旗下的零部件业务板块，后独立为德尔福汽车系统，经业务拆分重组后正式成立安波福，服务全球各大整车制造企业。
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。
APTV vs LDOS — 直观对比
营收规模更大
APTV
是对方的1.2倍
$4.2B
营收增速更快
APTV
高出8.5%
-3.5%
净利率更高
LDOS
高出5.1%
2.7%
自由现金流更多
APTV
多$199.0M
$452.0M
两年增速更快
LDOS
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.2B |
| 净利润 | $138.0M | $327.0M |
| 毛利率 | 18.7% | 17.4% |
| 营业利润率 | 8.2% | 11.3% |
| 净利率 | 2.7% | 7.8% |
| 营收同比 | 5.0% | -3.5% |
| 净利润同比 | -48.5% | 15.1% |
| 每股收益（稀释后） | $0.63 | $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APTVLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $5.2B | $4.4B | ||
| Q3 25 | $5.2B | $4.2B | ||
| Q2 25 | $5.2B | $4.2B | ||
| Q1 25 | $4.8B | $4.3B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.9B | $4.2B | ||
| Q2 24 | $5.1B | $4.1B |
净利润APTVLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $138.0M | $367.0M | ||
| Q3 25 | $-355.0M | $391.0M | ||
| Q2 25 | $393.0M | $363.0M | ||
| Q1 25 | $-11.0M | $284.0M | ||
| Q4 24 | $268.0M | — | ||
| Q3 24 | $363.0M | $364.0M | ||
| Q2 24 | $938.0M | $322.0M |
毛利率APTVLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | 18.7% | 18.0% | ||
| Q3 25 | 19.5% | 18.0% | ||
| Q2 25 | 19.1% | 17.5% | ||
| Q1 25 | 19.1% | 15.6% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | 17.8% | ||
| Q2 24 | 19.2% | 16.6% |
营业利润率APTVLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 8.2% | 12.0% | ||
| Q3 25 | -3.4% | 13.5% | ||
| Q2 25 | 9.3% | 12.5% | ||
| Q1 25 | 9.3% | 9.7% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 10.4% | 12.4% | ||
| Q2 24 | 8.7% | 11.6% |
净利率APTVLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 2.7% | 8.2% | ||
| Q3 25 | -6.8% | 9.2% | ||
| Q2 25 | 7.5% | 8.6% | ||
| Q1 25 | -0.2% | 6.5% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 7.5% | 8.7% | ||
| Q2 24 | 18.6% | 7.8% |
每股收益（稀释后）APTVLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.63 | $2.82 | ||
| Q3 25 | $-1.63 | $3.01 | ||
| Q2 25 | $1.80 | $2.77 | ||
| Q1 25 | $-0.05 | $2.10 | ||
| Q4 24 | $1.22 | — | ||
| Q3 24 | $1.48 | $2.68 | ||
| Q2 24 | $3.47 | $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 | $1.9B | $1.1B |
| 总债务越低越好 | $7.5B | $4.6B |
| 股东权益账面价值 | $9.2B | $4.9B |
| 总资产 | $23.4B | $13.5B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资APTVLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.9B | $974.0M | ||
| Q3 25 | $1.6B | $930.0M | ||
| Q2 25 | $1.4B | $842.0M | ||
| Q1 25 | $1.1B | $943.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.2B | $823.0M |
总债务APTVLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $7.5B | $4.6B | ||
| Q3 25 | $7.6B | $5.0B | ||
| Q2 25 | $7.8B | $5.0B | ||
| Q1 25 | $7.6B | $4.1B | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | $4.1B | ||
| Q2 24 | $5.5B | $4.1B |
股东权益APTVLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $9.2B | $4.9B | ||
| Q3 25 | $9.3B | $4.7B | ||
| Q2 25 | $9.7B | $4.3B | ||
| Q1 25 | $9.0B | $4.4B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.9B | $4.6B | ||
| Q2 24 | $11.5B | $4.5B |
总资产APTVLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $23.4B | $13.5B | ||
| Q3 25 | $23.5B | $13.5B | ||
| Q2 25 | $23.9B | $13.2B | ||
| Q1 25 | $23.1B | $13.1B | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $24.8B | $13.3B | ||
| Q2 24 | $24.8B | $12.9B |
负债/权益比APTVLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 0.81× | 0.94× | ||
| Q3 25 | 0.82× | 1.07× | ||
| Q2 25 | 0.80× | 1.18× | ||
| Q1 25 | 0.85× | 0.92× | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | 0.88× | ||
| Q2 24 | 0.48× | 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 | $818.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $452.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 10.8% |
| 资本支出强度资本支出/营收 | 3.2% | 1.0% |
| 现金转化率经营现金流/净利润 | 5.93× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流APTVLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $818.0M | — | ||
| Q3 25 | $584.0M | $711.0M | ||
| Q2 25 | $510.0M | $58.0M | ||
| Q1 25 | $273.0M | $299.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $499.0M | $656.0M | ||
| Q2 24 | $643.0M | $374.0M |
自由现金流APTVLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | $680.0M | ||
| Q2 25 | $361.0M | $36.0M | ||
| Q1 25 | $76.0M | $213.0M | ||
| Q4 24 | $894.0M | — | ||
| Q3 24 | $326.0M | $633.0M | ||
| Q2 24 | $417.0M | $351.0M |
自由现金流率APTVLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | 16.1% | ||
| Q2 25 | 6.9% | 0.9% | ||
| Q1 25 | 1.6% | 4.9% | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 6.7% | 15.2% | ||
| Q2 24 | 8.3% | 8.5% |
资本支出强度APTVLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 0.7% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 4.1% | 2.0% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | 0.6% | ||
| Q2 24 | 4.5% | 0.6% |
现金转化率APTVLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | 1.30× | 0.16× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 1.80× | ||
| Q2 24 | 0.69× | 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
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
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% |
