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爱玛客（ARMK）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
爱玛客的季度营收约是Leidos的1.2倍（$4.8B vs $4.2B），Leidos净利率更高（7.8% vs 2.0%，领先5.8%），爱玛客同比增速更快（6.1% vs -3.5%），Leidos自由现金流更多（$452.0M vs $-904.4M），过去两年爱玛客的营收复合增速更高（7.3% vs 3.1%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
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。
ARMK vs LDOS — 直观对比
营收规模更大
ARMK
是对方的1.2倍
$4.2B
营收增速更快
ARMK
高出9.6%
-3.5%
净利率更高
LDOS
高出5.8%
2.0%
自由现金流更多
LDOS
多$1.4B
$-904.4M
两年增速更快
ARMK
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $4.2B |
| 净利润 | $96.2M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 4.5% | 11.3% |
| 净利率 | 2.0% | 7.8% |
| 营收同比 | 6.1% | -3.5% |
| 净利润同比 | -9.0% | 15.1% |
| 每股收益（稀释后） | $0.36 | $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ARMKLDOS
| Q1 26 | $4.8B | $4.2B | ||
| Q4 25 | $5.0B | $4.4B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | $4.6B | $4.2B | ||
| Q1 25 | $4.3B | $4.3B | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.4B | $4.2B | ||
| Q2 24 | $4.4B | $4.1B |
净利润ARMKLDOS
| Q1 26 | $96.2M | $327.0M | ||
| Q4 25 | $87.1M | $367.0M | ||
| Q3 25 | — | $391.0M | ||
| Q2 25 | $71.8M | $363.0M | ||
| Q1 25 | $61.9M | $284.0M | ||
| Q4 24 | $105.6M | — | ||
| Q3 24 | $122.4M | $364.0M | ||
| Q2 24 | $58.1M | $322.0M |
毛利率ARMKLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 16.6% |
营业利润率ARMKLDOS
| Q1 26 | 4.5% | 11.3% | ||
| Q4 25 | 4.3% | 12.0% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | 3.9% | 12.5% | ||
| Q1 25 | 4.1% | 9.7% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 5.0% | 12.4% | ||
| Q2 24 | 3.7% | 11.6% |
净利率ARMKLDOS
| Q1 26 | 2.0% | 7.8% | ||
| Q4 25 | 1.7% | 8.2% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | 1.6% | 8.6% | ||
| Q1 25 | 1.4% | 6.5% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.8% | 8.7% | ||
| Q2 24 | 1.3% | 7.8% |
每股收益（稀释后）ARMKLDOS
| Q1 26 | $0.36 | $2.54 | ||
| Q4 25 | $0.33 | $2.82 | ||
| Q3 25 | — | $3.01 | ||
| Q2 25 | $0.27 | $2.77 | ||
| Q1 25 | $0.23 | $2.10 | ||
| Q4 24 | $0.39 | — | ||
| Q3 24 | $0.46 | $2.68 | ||
| Q2 24 | $0.22 | $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 | $439.6M | $1.1B |
| 总债务越低越好 | $6.2B | $4.6B |
| 股东权益账面价值 | $3.2B | $4.9B |
| 总资产 | $13.5B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.94× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资ARMKLDOS
| Q1 26 | $439.6M | $1.1B | ||
| Q4 25 | $639.1M | $974.0M | ||
| Q3 25 | — | $930.0M | ||
| Q2 25 | $501.5M | $842.0M | ||
| Q1 25 | $920.5M | $943.0M | ||
| Q4 24 | $484.1M | — | ||
| Q3 24 | $672.5M | $1.2B | ||
| Q2 24 | $436.1M | $823.0M |
总债务ARMKLDOS
| Q1 26 | $6.2B | $4.6B | ||
| Q4 25 | $5.4B | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | $6.3B | $5.0B | ||
| Q1 25 | $6.1B | $4.1B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.3B | $4.1B | ||
| Q2 24 | $5.0B | $4.1B |
股东权益ARMKLDOS
| Q1 26 | $3.2B | $4.9B | ||
| Q4 25 | $3.1B | $4.9B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $3.1B | $4.3B | ||
| Q1 25 | $3.0B | $4.4B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.0B | $4.6B | ||
| Q2 24 | $2.9B | $4.5B |
总资产ARMKLDOS
| Q1 26 | $13.5B | $13.5B | ||
| Q4 25 | $13.3B | $13.5B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | $13.3B | $13.2B | ||
| Q1 25 | $13.5B | $13.1B | ||
| Q4 24 | $12.7B | — | ||
| Q3 24 | $12.7B | $13.3B | ||
| Q2 24 | $12.5B | $12.9B |
负债/权益比ARMKLDOS
| Q1 26 | 1.94× | 0.94× | ||
| Q4 25 | 1.71× | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | 2.03× | 1.18× | ||
| Q1 25 | 2.02× | 0.92× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.42× | 0.88× | ||
| Q2 24 | 1.71× | 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 | $-782.2M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $452.0M |
| 自由现金流率自由现金流/营收 | -18.7% | 10.8% |
| 资本支出强度资本支出/营收 | 2.5% | 1.0% |
| 现金转化率经营现金流/净利润 | -8.13× | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARMKLDOS
| Q1 26 | $-782.2M | $495.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $711.0M | ||
| Q2 25 | $76.7M | $58.0M | ||
| Q1 25 | $255.9M | $299.0M | ||
| Q4 24 | $-587.2M | — | ||
| Q3 24 | $1.0B | $656.0M | ||
| Q2 24 | $140.7M | $374.0M |
自由现金流ARMKLDOS
| Q1 26 | $-904.4M | $452.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $680.0M | ||
| Q2 25 | $-34.7M | $36.0M | ||
| Q1 25 | $140.1M | $213.0M | ||
| Q4 24 | $-707.0M | — | ||
| Q3 24 | $882.3M | $633.0M | ||
| Q2 24 | $55.6M | $351.0M |
自由现金流率ARMKLDOS
| Q1 26 | -18.7% | 10.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | -0.8% | 0.9% | ||
| Q1 25 | 3.3% | 4.9% | ||
| Q4 24 | -15.5% | — | ||
| Q3 24 | 20.0% | 15.2% | ||
| Q2 24 | 1.3% | 8.5% |
资本支出强度ARMKLDOS
| Q1 26 | 2.5% | 1.0% | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 2.7% | 2.0% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 1.9% | 0.6% |
现金转化率ARMKLDOS
| Q1 26 | -8.13× | 1.51× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | 1.07× | 0.16× | ||
| Q1 25 | 4.14× | 1.05× | ||
| Q4 24 | -5.56× | — | ||
| Q3 24 | 8.35× | 1.80× | ||
| Q2 24 | 2.42× | 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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
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% |
