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Constellation Energy（CEG）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Constellation Energy的季度营收约是Leidos的1.3倍（$5.7B vs $4.4B），Leidos净利率更高（7.6% vs 7.6%，领先0.0%），Constellation Energy同比增速更快（25.8% vs 3.7%），过去两年Constellation Energy的营收复合增速更高（4.0% vs 3.5%）
Constellation Energy是总部位于美国马里兰州巴尔的摩的大型能源企业，核心业务涵盖电力供应、天然气供应以及专业能源管理服务，业务范围覆盖美国本土全境，累计服务的个人及企业客户总量约200万。
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。
CEG vs LDOS — 直观对比
营收规模更大
CEG
是对方的1.3倍
$4.4B
营收增速更快
CEG
高出22.2%
3.7%
净利率更高
LDOS
高出0.0%
7.6%
两年增速更快
CEG
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $4.4B |
| 净利润 | $432.0M | $335.0M |
| 毛利率 | — | 17.3% |
| 营业利润率 | 10.5% | 11.5% |
| 净利率 | 7.6% | 7.6% |
| 营收同比 | 25.8% | 3.7% |
| 净利润同比 | -49.3% | -8.2% |
| 每股收益（稀释后） | $1.38 | $2.56 |
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CEGLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $5.7B | $4.4B | ||
| Q3 25 | $5.7B | $4.2B | ||
| Q2 25 | $5.2B | $4.2B | ||
| Q1 25 | $6.1B | $4.3B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | $4.2B | ||
| Q2 24 | $4.4B | $4.1B |
净利润CEGLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $432.0M | $367.0M | ||
| Q3 25 | $930.0M | $391.0M | ||
| Q2 25 | $839.0M | $363.0M | ||
| Q1 25 | $118.0M | $284.0M | ||
| Q4 24 | $852.0M | — | ||
| Q3 24 | $1.2B | $364.0M | ||
| Q2 24 | $814.0M | $322.0M |
毛利率CEGLDOS
| 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CEGLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 10.5% | 12.0% | ||
| Q3 25 | 19.0% | 13.5% | ||
| Q2 25 | 18.4% | 12.5% | ||
| Q1 25 | 7.4% | 9.7% | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 30.7% | 12.4% | ||
| Q2 24 | 25.0% | 11.6% |
净利率CEGLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 7.6% | 8.2% | ||
| Q3 25 | 16.3% | 9.2% | ||
| Q2 25 | 16.3% | 8.6% | ||
| Q1 25 | 1.9% | 6.5% | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 25.1% | 8.7% | ||
| Q2 24 | 18.5% | 7.8% |
每股收益（稀释后）CEGLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $1.38 | $2.82 | ||
| Q3 25 | $2.97 | $3.01 | ||
| Q2 25 | $2.67 | $2.77 | ||
| Q1 25 | $0.38 | $2.10 | ||
| Q4 24 | $2.71 | — | ||
| Q3 24 | $3.82 | $2.68 | ||
| Q2 24 | $2.58 | $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 | $3.6B | $457.0M |
| 总债务越低越好 | $7.4B | $6.0B |
| 股东权益账面价值 | $14.5B | $5.1B |
| 总资产 | $57.2B | $15.4B |
| 负债/权益比越低杠杆越低 | 0.51× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资CEGLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $3.6B | $974.0M | ||
| Q3 25 | $4.0B | $930.0M | ||
| Q2 25 | $2.0B | $842.0M | ||
| Q1 25 | $1.8B | $943.0M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $311.0M | $823.0M |
总债务CEGLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $7.4B | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益CEGLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $14.5B | $4.9B | ||
| Q3 25 | $14.3B | $4.7B | ||
| Q2 25 | $13.4B | $4.3B | ||
| Q1 25 | $13.0B | $4.4B | ||
| Q4 24 | $13.2B | — | ||
| Q3 24 | $12.6B | $4.6B | ||
| Q2 24 | $11.4B | $4.5B |
总资产CEGLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $57.2B | $13.5B | ||
| Q3 25 | $56.2B | $13.5B | ||
| Q2 25 | $53.0B | $13.2B | ||
| Q1 25 | $52.3B | $13.1B | ||
| Q4 24 | $52.9B | — | ||
| Q3 24 | $51.8B | $13.3B | ||
| Q2 24 | $51.3B | $12.9B |
负债/权益比CEGLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 0.51× | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 0.64× | — | ||
| 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 | $805.0M | $301.0M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | — |
| 自由现金流率自由现金流/营收 | -3.2% | — |
| 资本支出强度资本支出/营收 | 17.3% | — |
| 现金转化率经营现金流/净利润 | 1.86× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流CEGLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $805.0M | — | ||
| Q3 25 | $1.8B | $711.0M | ||
| Q2 25 | $1.5B | $58.0M | ||
| Q1 25 | $107.0M | $299.0M | ||
| Q4 24 | $-1.0B | — | ||
| Q3 24 | $-112.0M | $656.0M | ||
| Q2 24 | $-613.0M | $374.0M |
自由现金流CEGLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $-181.0M | — | ||
| Q3 25 | $1.5B | $680.0M | ||
| Q2 25 | $710.0M | $36.0M | ||
| Q1 25 | $-699.0M | $213.0M | ||
| Q4 24 | $-1.7B | — | ||
| Q3 24 | $-664.0M | $633.0M | ||
| Q2 24 | $-1.2B | $351.0M |
自由现金流率CEGLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | -3.2% | — | ||
| Q3 25 | 25.6% | 16.1% | ||
| Q2 25 | 13.8% | 0.9% | ||
| Q1 25 | -11.4% | 4.9% | ||
| Q4 24 | -38.6% | — | ||
| Q3 24 | -13.9% | 15.2% | ||
| Q2 24 | -26.3% | 8.5% |
资本支出强度CEGLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 6.8% | 0.7% | ||
| Q2 25 | 14.9% | 0.5% | ||
| Q1 25 | 13.2% | 2.0% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 11.6% | 0.6% | ||
| Q2 24 | 12.4% | 0.6% |
现金转化率CEGLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.99× | 1.82× | ||
| Q2 25 | 1.76× | 0.16× | ||
| Q1 25 | 0.91× | 1.05× | ||
| Q4 24 | -1.19× | — | ||
| Q3 24 | -0.09× | 1.80× | ||
| Q2 24 | -0.75× | 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
CEG
| Constellation Mid Atlantic | $1.6B | 29% |
| Constellation Midwest | $1.3B | 23% |
| Constellation Other Regions | $1.1B | 20% |
| Other | $660.0M | 12% |
| Constellation New York | $618.0M | 11% |
| Constellation ERCOT | $292.0M | 5% |
LDOS
暂无分部数据
