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CLEVELAND-CLIFFS INC.（CLF）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
CLEVELAND-CLIFFS INC.的季度营收约是Leidos的1.0倍（$4.3B vs $4.2B），Leidos净利率更高（7.8% vs -5.6%，领先13.4%），CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -3.5%），Leidos自由现金流更多（$452.0M vs $-153.0M），过去两年Leidos的营收复合增速更高（3.1% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
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。
CLF vs LDOS — 直观对比
营收规模更大
CLF
是对方的1.0倍
$4.2B
营收增速更快
CLF
高出3.2%
-3.5%
净利率更高
LDOS
高出13.4%
-5.6%
自由现金流更多
LDOS
多$605.0M
$-153.0M
两年增速更快
LDOS
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.2B |
| 净利润 | $-241.0M | $327.0M |
| 毛利率 | -5.0% | 17.4% |
| 营业利润率 | -7.9% | 11.3% |
| 净利率 | -5.6% | 7.8% |
| 营收同比 | -0.3% | -3.5% |
| 净利润同比 | 46.1% | 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CLFLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.3B | $4.4B | ||
| Q3 25 | $4.7B | $4.2B | ||
| Q2 25 | $4.9B | $4.2B | ||
| Q1 25 | $4.6B | $4.3B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.6B | $4.2B | ||
| Q2 24 | $5.1B | $4.1B |
净利润CLFLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $-241.0M | $367.0M | ||
| Q3 25 | $-251.0M | $391.0M | ||
| Q2 25 | $-470.0M | $363.0M | ||
| Q1 25 | $-483.0M | $284.0M | ||
| Q4 24 | $-447.0M | — | ||
| Q3 24 | $-242.0M | $364.0M | ||
| Q2 24 | $2.0M | $322.0M |
毛利率CLFLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | -5.0% | 18.0% | ||
| Q3 25 | -1.0% | 18.0% | ||
| Q2 25 | -4.2% | 17.5% | ||
| Q1 25 | -8.4% | 15.6% | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.3% | 17.8% | ||
| Q2 24 | 3.2% | 16.6% |
营业利润率CLFLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | -7.9% | 12.0% | ||
| Q3 25 | -4.3% | 13.5% | ||
| Q2 25 | -10.1% | 12.5% | ||
| Q1 25 | -11.6% | 9.7% | ||
| Q4 24 | -10.8% | — | ||
| Q3 24 | -5.7% | 12.4% | ||
| Q2 24 | 0.1% | 11.6% |
净利率CLFLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | -5.6% | 8.2% | ||
| Q3 25 | -5.3% | 9.2% | ||
| Q2 25 | -9.5% | 8.6% | ||
| Q1 25 | -10.4% | 6.5% | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -5.3% | 8.7% | ||
| Q2 24 | 0.0% | 7.8% |
每股收益（稀释后）CLFLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | — | $2.82 | ||
| Q3 25 | $-0.51 | $3.01 | ||
| Q2 25 | — | $2.77 | ||
| Q1 25 | — | $2.10 | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | $-0.52 | $2.68 | ||
| Q2 24 | $0.00 | $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 | $57.0M | $1.1B |
| 总债务越低越好 | $7.3B | $4.6B |
| 股东权益账面价值 | $6.1B | $4.9B |
| 总资产 | $20.0B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资CLFLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $57.0M | $974.0M | ||
| Q3 25 | $66.0M | $930.0M | ||
| Q2 25 | $61.0M | $842.0M | ||
| Q1 25 | $57.0M | $943.0M | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $39.0M | $1.2B | ||
| Q2 24 | $110.0M | $823.0M |
总债务CLFLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $7.3B | $4.6B | ||
| Q3 25 | $8.0B | $5.0B | ||
| Q2 25 | $7.7B | $5.0B | ||
| Q1 25 | $7.6B | $4.1B | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $3.8B | $4.1B | ||
| Q2 24 | $3.5B | $4.1B |
股东权益CLFLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $6.1B | $4.9B | ||
| Q3 25 | $5.5B | $4.7B | ||
| Q2 25 | $5.8B | $4.3B | ||
| Q1 25 | $6.3B | $4.4B | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.9B | $4.6B | ||
| Q2 24 | $7.1B | $4.5B |
总资产CLFLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $20.0B | $13.5B | ||
| Q3 25 | $20.3B | $13.5B | ||
| Q2 25 | $20.5B | $13.2B | ||
| Q1 25 | $20.8B | $13.1B | ||
| Q4 24 | $20.9B | — | ||
| Q3 24 | $16.8B | $13.3B | ||
| Q2 24 | $16.9B | $12.9B |
负债/权益比CLFLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 1.19× | 0.94× | ||
| Q3 25 | 1.47× | 1.07× | ||
| Q2 25 | 1.33× | 1.18× | ||
| Q1 25 | 1.22× | 0.92× | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.55× | 0.88× | ||
| Q2 24 | 0.49× | 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 | $-13.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $452.0M |
| 自由现金流率自由现金流/营收 | -3.5% | 10.8% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | $-1.0B | — |
8季度趋势，按日历期对齐
经营现金流CLFLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $-143.0M | $711.0M | ||
| Q2 25 | $45.0M | $58.0M | ||
| Q1 25 | $-351.0M | $299.0M | ||
| Q4 24 | $-472.0M | — | ||
| Q3 24 | $-84.0M | $656.0M | ||
| Q2 24 | $519.0M | $374.0M |
自由现金流CLFLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $-153.0M | — | ||
| Q3 25 | $-300.0M | $680.0M | ||
| Q2 25 | $-67.0M | $36.0M | ||
| Q1 25 | $-503.0M | $213.0M | ||
| Q4 24 | $-677.0M | — | ||
| Q3 24 | $-235.0M | $633.0M | ||
| Q2 24 | $362.0M | $351.0M |
自由现金流率CLFLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | -3.5% | — | ||
| Q3 25 | -6.3% | 16.1% | ||
| Q2 25 | -1.4% | 0.9% | ||
| Q1 25 | -10.9% | 4.9% | ||
| Q4 24 | -15.7% | — | ||
| Q3 24 | -5.1% | 15.2% | ||
| Q2 24 | 7.1% | 8.5% |
资本支出强度CLFLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | 3.3% | 2.0% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.3% | 0.6% | ||
| Q2 24 | 3.1% | 0.6% |
现金转化率CLFLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.80× | ||
| Q2 24 | 259.50× | 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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
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% |
