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安富利（AVT）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
安富利的季度营收约是Leidos的1.7倍（$7.1B vs $4.2B），Leidos净利率更高（7.8% vs 1.3%，领先6.5%），安富利同比增速更快（12.7% vs -3.5%），过去两年安富利的营收复合增速更高（12.7% vs 3.1%）
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
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。
AVT vs LDOS — 直观对比
营收规模更大
AVT
是对方的1.7倍
$4.2B
营收增速更快
AVT
高出16.2%
-3.5%
净利率更高
LDOS
高出6.5%
1.3%
两年增速更快
AVT
近两年复合增速
3.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $4.2B |
| 净利润 | $94.3M | $327.0M |
| 毛利率 | 10.4% | 17.4% |
| 营业利润率 | 2.9% | 11.3% |
| 净利率 | 1.3% | 7.8% |
| 营收同比 | 12.7% | -3.5% |
| 净利润同比 | -59.7% | 15.1% |
| 每股收益（稀释后） | $1.14 | $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AVTLDOS
| Q3 26 | $7.1B | — | ||
| Q1 26 | — | $4.2B | ||
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $5.9B | $4.2B | ||
| Q2 25 | $5.6B | $4.2B | ||
| Q1 25 | $5.3B | $4.3B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $5.6B | $4.2B |
净利润AVTLDOS
| Q3 26 | $94.3M | — | ||
| Q1 26 | — | $327.0M | ||
| Q4 25 | $61.7M | $367.0M | ||
| Q3 25 | $51.7M | $391.0M | ||
| Q2 25 | $6.1M | $363.0M | ||
| Q1 25 | $87.9M | $284.0M | ||
| Q4 24 | $87.3M | — | ||
| Q3 24 | $59.0M | $364.0M |
毛利率AVTLDOS
| Q3 26 | 10.4% | — | ||
| Q1 26 | — | 17.4% | ||
| Q4 25 | 10.5% | 18.0% | ||
| Q3 25 | 10.4% | 18.0% | ||
| Q2 25 | 10.6% | 17.5% | ||
| Q1 25 | 11.1% | 15.6% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 10.8% | 17.8% |
营业利润率AVTLDOS
| Q3 26 | 2.9% | — | ||
| Q1 26 | — | 11.3% | ||
| Q4 25 | 2.3% | 12.0% | ||
| Q3 25 | 2.4% | 13.5% | ||
| Q2 25 | 1.3% | 12.5% | ||
| Q1 25 | 2.7% | 9.7% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.5% | 12.4% |
净利率AVTLDOS
| Q3 26 | 1.3% | — | ||
| Q1 26 | — | 7.8% | ||
| Q4 25 | 1.0% | 8.2% | ||
| Q3 25 | 0.9% | 9.2% | ||
| Q2 25 | 0.1% | 8.6% | ||
| Q1 25 | 1.7% | 6.5% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.1% | 8.7% |
每股收益（稀释后）AVTLDOS
| Q3 26 | $1.14 | — | ||
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.75 | $2.82 | ||
| Q3 25 | $0.61 | $3.01 | ||
| Q2 25 | $0.09 | $2.77 | ||
| Q1 25 | $1.01 | $2.10 | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $0.66 | $2.68 |
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 | $202.4M | $1.1B |
| 总债务越低越好 | $2.9B | $4.6B |
| 股东权益账面价值 | $5.0B | $4.9B |
| 总资产 | $13.5B | $13.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资AVTLDOS
| Q3 26 | $202.4M | — | ||
| Q1 26 | — | $1.1B | ||
| Q4 25 | $286.5M | $974.0M | ||
| Q3 25 | $175.5M | $930.0M | ||
| Q2 25 | $192.4M | $842.0M | ||
| Q1 25 | $188.9M | $943.0M | ||
| Q4 24 | $172.1M | — | ||
| Q3 24 | $267.5M | $1.2B |
总债务AVTLDOS
| Q3 26 | $2.9B | — | ||
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.1B |
股东权益AVTLDOS
| Q3 26 | $5.0B | — | ||
| Q1 26 | — | $4.9B | ||
| Q4 25 | $4.9B | $4.9B | ||
| Q3 25 | $4.8B | $4.7B | ||
| Q2 25 | $5.0B | $4.3B | ||
| Q1 25 | $4.9B | $4.4B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $5.0B | $4.6B |
总资产AVTLDOS
| Q3 26 | $13.5B | — | ||
| Q1 26 | — | $13.5B | ||
| Q4 25 | $13.2B | $13.5B | ||
| Q3 25 | $12.4B | $13.5B | ||
| Q2 25 | $12.1B | $13.2B | ||
| Q1 25 | $11.7B | $13.1B | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $12.6B | $13.3B |
负债/权益比AVTLDOS
| Q3 26 | 0.59× | — | ||
| Q1 26 | — | 0.94× | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.88× |
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 | — | $495.0M |
| 自由现金流经营现金流 - 资本支出 | — | $452.0M |
| 自由现金流率自由现金流/营收 | — | 10.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 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AVTLDOS
| Q3 26 | — | — | ||
| Q1 26 | — | $495.0M | ||
| Q4 25 | $208.2M | — | ||
| Q3 25 | $-144.6M | $711.0M | ||
| Q2 25 | $139.5M | $58.0M | ||
| Q1 25 | $140.9M | $299.0M | ||
| Q4 24 | $337.8M | — | ||
| Q3 24 | $106.3M | $656.0M |
自由现金流AVTLDOS
| Q3 26 | — | — | ||
| Q1 26 | — | $452.0M | ||
| Q4 25 | $192.9M | — | ||
| Q3 25 | $-169.2M | $680.0M | ||
| Q2 25 | $79.9M | $36.0M | ||
| Q1 25 | $114.1M | $213.0M | ||
| Q4 24 | $308.5M | — | ||
| Q3 24 | $74.5M | $633.0M |
自由现金流率AVTLDOS
| Q3 26 | — | — | ||
| Q1 26 | — | 10.8% | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | -2.9% | 16.1% | ||
| Q2 25 | 1.4% | 0.9% | ||
| Q1 25 | 2.1% | 4.9% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 1.3% | 15.2% |
资本支出强度AVTLDOS
| Q3 26 | — | — | ||
| Q1 26 | — | 1.0% | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.6% | 0.6% |
现金转化率AVTLDOS
| Q3 26 | — | — | ||
| Q1 26 | — | 1.51× | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | -2.79× | 1.82× | ||
| Q2 25 | 22.91× | 0.16× | ||
| Q1 25 | 1.60× | 1.05× | ||
| Q4 24 | 3.87× | — | ||
| Q3 24 | 1.80× | 1.80× |
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
AVT
| Electronic Components | $6.7B | 94% |
| Farnell | $454.7M | 6% |
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% |
