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安飞士巴吉集团（CAR）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是安飞士巴吉集团的1.6倍（$4.2B vs $2.7B），Leidos净利率更高（7.8% vs -28.0%，领先35.8%），安飞士巴吉集团同比增速更快（-1.7% vs -3.5%），过去两年Leidos的营收复合增速更高（3.1% vs 2.2%）
安飞士巴吉集团是一家总部位于美国新泽西州帕西帕尼的汽车租赁控股企业，旗下拥有安飞士租车、巴吉租车、巴吉卡车租赁、Payless租车、Zipcar等多个品牌，为全球用户提供多元的汽车及卡车租赁服务。
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。
CAR vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.6倍
$2.7B
营收增速更快
CAR
高出1.8%
-3.5%
净利率更高
LDOS
高出35.8%
-28.0%
两年增速更快
LDOS
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.2B |
| 净利润 | $-747.0M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | -27.8% | 11.3% |
| 净利率 | -28.0% | 7.8% |
| 营收同比 | -1.7% | -3.5% |
| 净利润同比 | 61.8% | 15.1% |
| 每股收益（稀释后） | $-21.11 | $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CARLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $3.5B | $4.2B | ||
| Q2 25 | $3.0B | $4.2B | ||
| Q1 25 | $2.4B | $4.3B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $3.5B | $4.2B | ||
| Q2 24 | $3.0B | $4.1B |
净利润CARLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $-747.0M | $367.0M | ||
| Q3 25 | $359.0M | $391.0M | ||
| Q2 25 | $4.0M | $363.0M | ||
| Q1 25 | $-505.0M | $284.0M | ||
| Q4 24 | $-2.0B | — | ||
| Q3 24 | $237.0M | $364.0M | ||
| Q2 24 | $14.0M | $322.0M |
毛利率CARLDOS
| 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CARLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | -27.8% | 12.0% | ||
| Q3 25 | 13.4% | 13.5% | ||
| Q2 25 | 0.5% | 12.5% | ||
| Q1 25 | -27.9% | 9.7% | ||
| Q4 24 | -104.8% | — | ||
| Q3 24 | 9.5% | 12.4% | ||
| Q2 24 | 0.9% | 11.6% |
净利率CARLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | -28.0% | 8.2% | ||
| Q3 25 | 10.2% | 9.2% | ||
| Q2 25 | 0.1% | 8.6% | ||
| Q1 25 | -20.8% | 6.5% | ||
| Q4 24 | -72.3% | — | ||
| Q3 24 | 6.8% | 8.7% | ||
| Q2 24 | 0.5% | 7.8% |
每股收益（稀释后）CARLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $-21.11 | $2.82 | ||
| Q3 25 | $10.11 | $3.01 | ||
| Q2 25 | $0.10 | $2.77 | ||
| Q1 25 | $-14.35 | $2.10 | ||
| Q4 24 | $-55.08 | — | ||
| Q3 24 | $6.65 | $2.68 | ||
| Q2 24 | $0.41 | $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 | $519.0M | $1.1B |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $-3.1B | $4.9B |
| 总资产 | $31.3B | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资CARLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $519.0M | $974.0M | ||
| Q3 25 | $564.0M | $930.0M | ||
| Q2 25 | $541.0M | $842.0M | ||
| Q1 25 | $516.0M | $943.0M | ||
| Q4 24 | $534.0M | — | ||
| Q3 24 | $602.0M | $1.2B | ||
| Q2 24 | $511.0M | $823.0M |
总债务CARLDOS
| 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 | ||
| Q2 24 | — | $4.1B |
股东权益CARLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $-3.1B | $4.9B | ||
| Q3 25 | $-2.4B | $4.7B | ||
| Q2 25 | $-2.7B | $4.3B | ||
| Q1 25 | $-2.8B | $4.4B | ||
| Q4 24 | $-2.3B | — | ||
| Q3 24 | $-238.0M | $4.6B | ||
| Q2 24 | $-490.0M | $4.5B |
总资产CARLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $31.3B | $13.5B | ||
| Q3 25 | $32.5B | $13.5B | ||
| Q2 25 | $32.4B | $13.2B | ||
| Q1 25 | $29.0B | $13.1B | ||
| Q4 24 | $29.0B | — | ||
| Q3 24 | $32.7B | $13.3B | ||
| Q2 24 | $33.9B | $12.9B |
负债/权益比CARLDOS
| 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× | ||
| Q2 24 | — | 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 | $437.0M | $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CARLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $437.0M | — | ||
| Q3 25 | $1.4B | $711.0M | ||
| Q2 25 | $837.0M | $58.0M | ||
| Q1 25 | $619.0M | $299.0M | ||
| Q4 24 | $772.0M | — | ||
| Q3 24 | $1.3B | $656.0M | ||
| Q2 24 | $884.0M | $374.0M |
自由现金流CARLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $680.0M | ||
| Q2 25 | — | $36.0M | ||
| Q1 25 | — | $213.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $633.0M | ||
| Q2 24 | — | $351.0M |
自由现金流率CARLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 8.5% |
资本支出强度CARLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% |
现金转化率CARLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.91× | 1.82× | ||
| Q2 25 | 209.25× | 0.16× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.37× | 1.80× | ||
| Q2 24 | 63.14× | 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
CAR
| Avis | $1.5B | 57% |
| Budget | $979.0M | 37% |
| Other Brands | $171.0M | 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% |
