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博思艾伦汉密尔顿（BAH）与Science Applications International Corp（SAIC）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是Science Applications International Corp的1.4倍（$2.6B vs $1.9B），博思艾伦汉密尔顿净利率更高（7.6% vs 4.2%，领先3.5%），Science Applications International Corp同比增速更快（2.6% vs -10.2%），博思艾伦汉密尔顿自由现金流更多（$248.0M vs $120.0M），过去两年Science Applications International Corp的营收复合增速更高（2.3% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
科学应用国际公司（SAIC）是一家总部位于美国弗吉尼亚州雷斯顿的科技企业，主要为政府机构提供专业服务与信息技术支持，在公共部门技术服务领域拥有丰富的行业经验与技术积累。
BAH vs SAIC — 直观对比
营收规模更大
BAH
是对方的1.4倍
$1.9B
营收增速更快
SAIC
高出12.8%
-10.2%
净利率更高
BAH
高出3.5%
4.2%
自由现金流更多
BAH
多$128.0M
$120.0M
两年增速更快
SAIC
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.9B |
| 净利润 | $200.0M | $78.0M |
| 毛利率 | 51.9% | 12.2% |
| 营业利润率 | 8.8% | 6.9% |
| 净利率 | 7.6% | 4.2% |
| 营收同比 | -10.2% | 2.6% |
| 净利润同比 | 7.0% | -3.7% |
| 每股收益（稀释后） | $1.63 | $1.69 |
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BAHSAIC
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | $1.9B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $2.8B | $1.7B |
净利润BAHSAIC
| Q4 25 | $200.0M | $78.0M | ||
| Q3 25 | $175.0M | — | ||
| Q2 25 | $271.0M | $68.0M | ||
| Q1 25 | $192.7M | — | ||
| Q4 24 | $186.9M | $106.0M | ||
| Q3 24 | $390.1M | $81.0M | ||
| Q2 24 | $165.2M | $77.0M | ||
| Q1 24 | $128.0M | $39.0M |
毛利率BAHSAIC
| Q4 25 | 51.9% | 12.2% | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 51.3% | 11.1% | ||
| Q1 25 | 53.6% | — | ||
| Q4 24 | 55.2% | 12.0% | ||
| Q3 24 | 56.7% | 11.6% | ||
| Q2 24 | 53.4% | 11.5% | ||
| Q1 24 | 54.7% | 11.1% |
营业利润率BAHSAIC
| Q4 25 | 8.8% | 6.9% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.8% | 6.4% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 10.0% | 8.1% | ||
| Q3 24 | 17.4% | 7.4% | ||
| Q2 24 | 8.7% | 7.1% | ||
| Q1 24 | 9.5% | 4.5% |
净利率BAHSAIC
| Q4 25 | 7.6% | 4.2% | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 9.3% | 3.6% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 6.4% | 5.4% | ||
| Q3 24 | 12.4% | 4.5% | ||
| Q2 24 | 5.6% | 4.2% | ||
| Q1 24 | 4.6% | 2.2% |
每股收益（稀释后）BAHSAIC
| Q4 25 | $1.63 | $1.69 | ||
| Q3 25 | $1.42 | — | ||
| Q2 25 | $2.16 | $1.42 | ||
| Q1 25 | $1.52 | — | ||
| Q4 24 | $1.45 | $2.13 | ||
| Q3 24 | $3.01 | $1.58 | ||
| Q2 24 | $1.27 | $1.48 | ||
| Q1 24 | $0.97 | $0.77 |
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 | $882.0M | $45.0M |
| 总债务越低越好 | $3.9B | $2.5B |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $7.1B | $5.4B |
| 负债/权益比越低杠杆越低 | 3.84× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资BAHSAIC
| Q4 25 | $882.0M | $45.0M | ||
| Q3 25 | $816.0M | — | ||
| Q2 25 | $711.0M | $47.0M | ||
| Q1 25 | $885.0M | — | ||
| Q4 24 | $453.5M | $46.0M | ||
| Q3 24 | $558.7M | $48.0M | ||
| Q2 24 | $297.7M | $49.0M | ||
| Q1 24 | $554.3M | $94.0M |
总债务BAHSAIC
| Q4 25 | $3.9B | $2.5B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | $2.3B | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | $2.2B | ||
| Q3 24 | $3.4B | $2.2B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $3.4B | $2.1B |
股东权益BAHSAIC
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $996.0M | — | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.0B | $1.8B |
总资产BAHSAIC
| Q4 25 | $7.1B | $5.4B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $7.2B | $5.2B | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $6.8B | $5.3B | ||
| Q3 24 | $6.9B | $5.3B | ||
| Q2 24 | $6.6B | $5.3B | ||
| Q1 24 | $6.6B | $5.3B |
负债/权益比BAHSAIC
| Q4 25 | 3.84× | 1.64× | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | 1.52× | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | 1.34× | ||
| Q3 24 | 2.83× | 1.33× | ||
| Q2 24 | 3.14× | 1.18× | ||
| Q1 24 | 3.26× | 1.18× |
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 | $261.0M | $129.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $120.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 6.4% |
| 资本支出强度资本支出/营收 | 0.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $478.0M |
8季度趋势，按日历期对齐
经营现金流BAHSAIC
| Q4 25 | $261.0M | $129.0M | ||
| Q3 25 | $421.0M | — | ||
| Q2 25 | $119.0M | $100.0M | ||
| Q1 25 | $219.0M | — | ||
| Q4 24 | $150.8M | $143.0M | ||
| Q3 24 | $587.1M | $138.0M | ||
| Q2 24 | $52.1M | $98.0M | ||
| Q1 24 | $143.8M | $63.0M |
自由现金流BAHSAIC
| Q4 25 | $248.0M | $120.0M | ||
| Q3 25 | $395.0M | — | ||
| Q2 25 | $96.0M | $92.0M | ||
| Q1 25 | $194.4M | — | ||
| Q4 24 | $133.6M | $134.0M | ||
| Q3 24 | $563.3M | $132.0M | ||
| Q2 24 | $19.7M | $92.0M | ||
| Q1 24 | $127.6M | $52.0M |
自由现金流率BAHSAIC
| Q4 25 | 9.5% | 6.4% | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 3.3% | 4.9% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 4.6% | 6.8% | ||
| Q3 24 | 17.9% | 7.3% | ||
| Q2 24 | 0.7% | 5.0% | ||
| Q1 24 | 4.6% | 3.0% |
资本支出强度BAHSAIC
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.6% | 0.5% | ||
| Q3 24 | 0.8% | 0.3% | ||
| Q2 24 | 1.1% | 0.3% | ||
| Q1 24 | 0.6% | 0.6% |
现金转化率BAHSAIC
| Q4 25 | 1.30× | 1.65× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 0.44× | 1.47× | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 0.81× | 1.35× | ||
| Q3 24 | 1.50× | 1.70× | ||
| Q2 24 | 0.32× | 1.27× | ||
| Q1 24 | 1.12× | 1.62× |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
