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波尔公司（BALL）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是波尔公司的1.3倍（$4.2B vs $3.3B），Leidos净利率更高（7.8% vs 6.0%，领先1.8%），波尔公司同比增速更快（16.2% vs -3.5%），波尔公司自由现金流更多（$1.0B vs $452.0M），过去两年波尔公司的营收复合增速更高（7.9% vs 3.1%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.3倍
$3.3B
营收增速更快
BALL
高出19.7%
-3.5%
净利率更高
LDOS
高出1.8%
6.0%
自由现金流更多
BALL
多$589.0M
$452.0M
两年增速更快
BALL
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.2B |
| 净利润 | $200.0M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 7.2% | 11.3% |
| 净利率 | 6.0% | 7.8% |
| 营收同比 | 16.2% | -3.5% |
| 净利润同比 | 766.7% | 15.1% |
| 每股收益（稀释后） | $0.73 | $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BALLLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $3.4B | $4.2B | ||
| Q2 25 | $3.3B | $4.2B | ||
| Q1 25 | $3.1B | $4.3B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.1B | $4.2B | ||
| Q2 24 | $3.0B | $4.1B |
净利润BALLLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $200.0M | $367.0M | ||
| Q3 25 | $321.0M | $391.0M | ||
| Q2 25 | $215.0M | $363.0M | ||
| Q1 25 | $179.0M | $284.0M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $199.0M | $364.0M | ||
| Q2 24 | $159.0M | $322.0M |
毛利率BALLLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | 17.8% | ||
| Q2 24 | 16.5% | 16.6% |
营业利润率BALLLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 7.2% | 12.0% | ||
| Q3 25 | 11.6% | 13.5% | ||
| Q2 25 | 8.0% | 12.5% | ||
| Q1 25 | 7.4% | 9.7% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 7.4% | 12.4% | ||
| Q2 24 | 6.8% | 11.6% |
净利率BALLLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 6.0% | 8.2% | ||
| Q3 25 | 9.5% | 9.2% | ||
| Q2 25 | 6.4% | 8.6% | ||
| Q1 25 | 5.8% | 6.5% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | 6.5% | 8.7% | ||
| Q2 24 | 5.4% | 7.8% |
每股收益（稀释后）BALLLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.73 | $2.82 | ||
| Q3 25 | $1.18 | $3.01 | ||
| Q2 25 | $0.76 | $2.77 | ||
| Q1 25 | $0.63 | $2.10 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.65 | $2.68 | ||
| Q2 24 | $0.51 | $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 | $1.2B | $1.1B |
| 总债务越低越好 | $7.0B | $4.6B |
| 股东权益账面价值 | $5.4B | $4.9B |
| 总资产 | $19.5B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.29× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资BALLLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.2B | $974.0M | ||
| Q3 25 | $568.0M | $930.0M | ||
| Q2 25 | $296.0M | $842.0M | ||
| Q1 25 | $449.0M | $943.0M | ||
| Q4 24 | $885.0M | — | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.3B | $823.0M |
总债务BALLLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $7.0B | $4.6B | ||
| Q3 25 | $6.9B | $5.0B | ||
| Q2 25 | $6.5B | $5.0B | ||
| Q1 25 | $6.1B | $4.1B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | $4.1B | ||
| Q2 24 | $5.5B | $4.1B |
股东权益BALLLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $5.4B | $4.9B | ||
| Q3 25 | $5.4B | $4.7B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $5.5B | $4.4B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $6.7B | $4.6B | ||
| Q2 24 | $6.9B | $4.5B |
总资产BALLLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $19.5B | $13.5B | ||
| Q3 25 | $18.7B | $13.5B | ||
| Q2 25 | $18.6B | $13.2B | ||
| Q1 25 | $18.0B | $13.1B | ||
| Q4 24 | $17.6B | — | ||
| Q3 24 | $18.8B | $13.3B | ||
| Q2 24 | $19.0B | $12.9B |
负债/权益比BALLLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 1.29× | 0.94× | ||
| Q3 25 | 1.26× | 1.07× | ||
| Q2 25 | 1.24× | 1.18× | ||
| Q1 25 | 1.12× | 0.92× | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | 0.88× | ||
| Q2 24 | 0.80× | 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 | $1.2B | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $452.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 10.8% |
| 资本支出强度资本支出/营收 | 5.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 6.05× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $788.0M | — |
8季度趋势，按日历期对齐
经营现金流BALLLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $384.0M | $711.0M | ||
| Q2 25 | $332.0M | $58.0M | ||
| Q1 25 | $-665.0M | $299.0M | ||
| Q4 24 | $500.0M | — | ||
| Q3 24 | $610.0M | $656.0M | ||
| Q2 24 | $252.0M | $374.0M |
自由现金流BALLLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $257.0M | $680.0M | ||
| Q2 25 | $236.0M | $36.0M | ||
| Q1 25 | $-746.0M | $213.0M | ||
| Q4 24 | $393.0M | — | ||
| Q3 24 | $493.0M | $633.0M | ||
| Q2 24 | $146.0M | $351.0M |
自由现金流率BALLLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 31.1% | — | ||
| Q3 25 | 7.6% | 16.1% | ||
| Q2 25 | 7.1% | 0.9% | ||
| Q1 25 | -24.1% | 4.9% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 16.0% | 15.2% | ||
| Q2 24 | 4.9% | 8.5% |
资本支出强度BALLLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 2.6% | 2.0% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.8% | 0.6% | ||
| Q2 24 | 3.6% | 0.6% |
现金转化率BALLLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 6.05× | — | ||
| Q3 25 | 1.20× | 1.82× | ||
| Q2 25 | 1.54× | 0.16× | ||
| Q1 25 | -3.72× | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.07× | 1.80× | ||
| Q2 24 | 1.58× | 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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
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% |
