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艾利丹尼森（AVY）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是艾利丹尼森的1.8倍（$4.2B vs $2.3B），Leidos净利率更高（7.8% vs 7.3%，领先0.5%），艾利丹尼森同比增速更快（7.0% vs -3.5%），Leidos自由现金流更多（$452.0M vs $104.4M），过去两年Leidos的营收复合增速更高（3.1% vs 1.4%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
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。
AVY vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.8倍
$2.3B
营收增速更快
AVY
高出10.5%
-3.5%
净利率更高
LDOS
高出0.5%
7.3%
自由现金流更多
LDOS
多$347.6M
$104.4M
两年增速更快
LDOS
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $4.2B |
| 净利润 | $168.1M | $327.0M |
| 毛利率 | 28.9% | 17.4% |
| 营业利润率 | 10.7% | 11.3% |
| 净利率 | 7.3% | 7.8% |
| 营收同比 | 7.0% | -3.5% |
| 净利润同比 | 1.1% | 15.1% |
| 每股收益（稀释后） | — | $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AVYLDOS
| Q1 26 | $2.3B | $4.2B | ||
| Q4 25 | $2.3B | $4.4B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | $2.1B | $4.3B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $4.2B | ||
| Q2 24 | $2.2B | $4.1B |
净利润AVYLDOS
| Q1 26 | $168.1M | $327.0M | ||
| Q4 25 | $166.4M | $367.0M | ||
| Q3 25 | $166.3M | $391.0M | ||
| Q2 25 | $189.0M | $363.0M | ||
| Q1 25 | $166.3M | $284.0M | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $181.7M | $364.0M | ||
| Q2 24 | $176.8M | $322.0M |
毛利率AVYLDOS
| Q1 26 | 28.9% | 17.4% | ||
| Q4 25 | 28.7% | 18.0% | ||
| Q3 25 | 28.7% | 18.0% | ||
| Q2 25 | 28.8% | 17.5% | ||
| Q1 25 | 28.9% | 15.6% | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | 17.8% | ||
| Q2 24 | 29.6% | 16.6% |
营业利润率AVYLDOS
| Q1 26 | 10.7% | 11.3% | ||
| Q4 25 | 9.1% | 12.0% | ||
| Q3 25 | 10.6% | 13.5% | ||
| Q2 25 | 11.5% | 12.5% | ||
| Q1 25 | 10.6% | 9.7% | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 11.0% | 12.4% | ||
| Q2 24 | 10.7% | 11.6% |
净利率AVYLDOS
| Q1 26 | 7.3% | 7.8% | ||
| Q4 25 | 7.3% | 8.2% | ||
| Q3 25 | 7.5% | 9.2% | ||
| Q2 25 | 8.5% | 8.6% | ||
| Q1 25 | 7.7% | 6.5% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 8.3% | 8.7% | ||
| Q2 24 | 7.9% | 7.8% |
每股收益（稀释后）AVYLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $2.16 | $2.82 | ||
| Q3 25 | $2.13 | $3.01 | ||
| Q2 25 | $2.41 | $2.77 | ||
| Q1 25 | $2.09 | $2.10 | ||
| Q4 24 | $2.17 | — | ||
| Q3 24 | $2.25 | $2.68 | ||
| Q2 24 | $2.18 | $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 | $255.1M | $1.1B |
| 总债务越低越好 | $3.2B | $4.6B |
| 股东权益账面价值 | $2.3B | $4.9B |
| 总资产 | $9.0B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.38× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资AVYLDOS
| Q1 26 | $255.1M | $1.1B | ||
| Q4 25 | $202.8M | $974.0M | ||
| Q3 25 | $536.3M | $930.0M | ||
| Q2 25 | $215.9M | $842.0M | ||
| Q1 25 | $195.9M | $943.0M | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | $1.2B | ||
| Q2 24 | $208.8M | $823.0M |
总债务AVYLDOS
| Q1 26 | $3.2B | $4.6B | ||
| Q4 25 | $3.2B | $4.6B | ||
| Q3 25 | $3.2B | $5.0B | ||
| Q2 25 | $2.6B | $5.0B | ||
| Q1 25 | $2.6B | $4.1B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $2.0B | $4.1B |
股东权益AVYLDOS
| Q1 26 | $2.3B | $4.9B | ||
| Q4 25 | $2.2B | $4.9B | ||
| Q3 25 | $2.2B | $4.7B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $2.2B | $4.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.3B | $4.5B |
总资产AVYLDOS
| Q1 26 | $9.0B | $13.5B | ||
| Q4 25 | $8.8B | $13.5B | ||
| Q3 25 | $8.9B | $13.5B | ||
| Q2 25 | $8.6B | $13.2B | ||
| Q1 25 | $8.4B | $13.1B | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.5B | $13.3B | ||
| Q2 24 | $8.3B | $12.9B |
负债/权益比AVYLDOS
| Q1 26 | 1.38× | 0.94× | ||
| Q4 25 | 1.43× | 0.94× | ||
| Q3 25 | 1.45× | 1.07× | ||
| Q2 25 | 1.19× | 1.18× | ||
| Q1 25 | 1.19× | 0.92× | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | 0.88× | ||
| Q2 24 | 0.89× | 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 | — | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $104.4M | $452.0M |
| 自由现金流率自由现金流/营收 | 4.5% | 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 | $869.1M | — |
8季度趋势，按日历期对齐
经营现金流AVYLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $376.8M | — | ||
| Q3 25 | $312.1M | $711.0M | ||
| Q2 25 | $208.8M | $58.0M | ||
| Q1 25 | $-16.3M | $299.0M | ||
| Q4 24 | $351.2M | — | ||
| Q3 24 | $270.1M | $656.0M | ||
| Q2 24 | $197.7M | $374.0M |
自由现金流AVYLDOS
| Q1 26 | $104.4M | $452.0M | ||
| Q4 25 | $309.7M | — | ||
| Q3 25 | $276.2M | $680.0M | ||
| Q2 25 | $178.8M | $36.0M | ||
| Q1 25 | $-52.3M | $213.0M | ||
| Q4 24 | $281.7M | — | ||
| Q3 24 | $227.1M | $633.0M | ||
| Q2 24 | $150.2M | $351.0M |
自由现金流率AVYLDOS
| Q1 26 | 4.5% | 10.8% | ||
| Q4 25 | 13.6% | — | ||
| Q3 25 | 12.5% | 16.1% | ||
| Q2 25 | 8.1% | 0.9% | ||
| Q1 25 | -2.4% | 4.9% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.4% | 15.2% | ||
| Q2 24 | 6.7% | 8.5% |
资本支出强度AVYLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 2.1% | 0.6% |
现金转化率AVYLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | 1.82× | ||
| Q2 25 | 1.10× | 0.16× | ||
| Q1 25 | -0.10× | 1.05× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | 1.80× | ||
| Q2 24 | 1.12× | 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
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
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% |
