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CNH Industrial N.V.（CNH）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CNH Industrial N.V.的1.2倍（$4.4B vs $3.8B），Leidos净利率更高（7.6% vs 0.3%，领先7.4%），Leidos同比增速更快（3.7% vs 0.6%），过去两年Leidos的营收复合增速更高（3.5% vs -10.7%）
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
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。
CNH vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.2倍
$3.8B
营收增速更快
LDOS
高出3.1%
0.6%
净利率更高
LDOS
高出7.4%
0.3%
两年增速更快
LDOS
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.4B |
| 净利润 | $10.0M | $335.0M |
| 毛利率 | 31.9% | 17.3% |
| 营业利润率 | 0.3% | 11.5% |
| 净利率 | 0.3% | 7.6% |
| 营收同比 | 0.6% | 3.7% |
| 净利润同比 | -17.8% | -8.2% |
| 每股收益（稀释后） | $0.01 | $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CNHLDOS
| Q1 26 | $3.8B | $4.2B | ||
| Q4 25 | $4.5B | $4.4B | ||
| Q3 25 | $3.7B | $4.2B | ||
| Q2 25 | $4.0B | $4.2B | ||
| Q1 25 | $3.2B | $4.3B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | $4.2B | ||
| Q2 24 | $4.8B | $4.1B |
净利润CNHLDOS
| Q1 26 | $10.0M | $327.0M | ||
| Q4 25 | $86.0M | $367.0M | ||
| Q3 25 | $80.0M | $391.0M | ||
| Q2 25 | $213.0M | $363.0M | ||
| Q1 25 | $131.0M | $284.0M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $306.0M | $364.0M | ||
| Q2 24 | $433.0M | $322.0M |
毛利率CNHLDOS
| Q1 26 | 31.9% | 17.4% | ||
| Q4 25 | 18.4% | 18.0% | ||
| Q3 25 | 19.1% | 18.0% | ||
| Q2 25 | 20.6% | 17.5% | ||
| Q1 25 | 19.0% | 15.6% | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 21.7% | 17.8% | ||
| Q2 24 | 22.9% | 16.6% |
营业利润率CNHLDOS
| Q1 26 | 0.3% | 11.3% | ||
| Q4 25 | 3.0% | 12.0% | ||
| Q3 25 | 1.4% | 13.5% | ||
| Q2 25 | 6.8% | 12.5% | ||
| Q1 25 | 5.1% | 9.7% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 9.6% | 12.4% | ||
| Q2 24 | 11.1% | 11.6% |
净利率CNHLDOS
| Q1 26 | 0.3% | 7.8% | ||
| Q4 25 | 1.9% | 8.2% | ||
| Q3 25 | 2.2% | 9.2% | ||
| Q2 25 | 5.3% | 8.6% | ||
| Q1 25 | 4.1% | 6.5% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 7.7% | 8.7% | ||
| Q2 24 | 9.0% | 7.8% |
每股收益（稀释后）CNHLDOS
| Q1 26 | $0.01 | $2.54 | ||
| Q4 25 | $0.08 | $2.82 | ||
| Q3 25 | $0.06 | $3.01 | ||
| Q2 25 | $0.17 | $2.77 | ||
| Q1 25 | $0.10 | $2.10 | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.24 | $2.68 | ||
| Q2 24 | $0.34 | $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 | $1.6M | $457.0M |
| 总债务越低越好 | — | $6.0B |
| 股东权益账面价值 | $7.8M | $5.1B |
| 总资产 | $42.0M | $15.4B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资CNHLDOS
| Q1 26 | $1.6M | $1.1B | ||
| Q4 25 | $2.6B | $974.0M | ||
| Q3 25 | $2.3B | $930.0M | ||
| Q2 25 | $2.5B | $842.0M | ||
| Q1 25 | $1.7B | $943.0M | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $823.0M |
总债务CNHLDOS
| 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CNHLDOS
| Q1 26 | $7.8M | $4.9B | ||
| Q4 25 | $7.8B | $4.9B | ||
| Q3 25 | $7.8B | $4.7B | ||
| Q2 25 | $7.8B | $4.3B | ||
| Q1 25 | $7.9B | $4.4B | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.7B | $4.6B | ||
| Q2 24 | $7.6B | $4.5B |
总资产CNHLDOS
| Q1 26 | $42.0M | $13.5B | ||
| Q4 25 | $42.7B | $13.5B | ||
| Q3 25 | $43.3B | $13.5B | ||
| Q2 25 | $43.7B | $13.2B | ||
| Q1 25 | $42.1B | $13.1B | ||
| Q4 24 | $42.9B | — | ||
| Q3 24 | $44.0B | $13.3B | ||
| Q2 24 | $44.0B | $12.9B |
负债/权益比CNHLDOS
| 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 | $35.0M | $301.0M |
| 自由现金流经营现金流 - 资本支出 | $-589.0M | — |
| 自由现金流率自由现金流/营收 | -15.4% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.50× | 0.90× |
| 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CNHLDOS
| Q1 26 | $35.0M | $495.0M | ||
| Q4 25 | $945.0M | — | ||
| Q3 25 | $659.0M | $711.0M | ||
| Q2 25 | $772.0M | $58.0M | ||
| Q1 25 | $162.0M | $299.0M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $791.0M | $656.0M | ||
| Q2 24 | $379.0M | $374.0M |
自由现金流CNHLDOS
| Q1 26 | $-589.0M | $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CNHLDOS
| Q1 26 | -15.4% | 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CNHLDOS
| 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CNHLDOS
| Q1 26 | 3.50× | 1.51× | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | 8.24× | 1.82× | ||
| Q2 25 | 3.62× | 0.16× | ||
| Q1 25 | 1.24× | 1.05× | ||
| Q4 24 | 15.96× | — | ||
| Q3 24 | 2.58× | 1.80× | ||
| Q2 24 | 0.88× | 1.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
