vs
Leonardo DRS, Inc.（DRS）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
佳明的季度营收约是Leonardo DRS, Inc.的2.0倍（$2.1B vs $1.1B）。佳明净利率更高（24.9% vs 9.6%，领先15.3%）。佳明同比增速更快（16.6% vs 8.1%）。佳明自由现金流更多（$429.6M vs $376.0M）。过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 24.0%）
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
DRS vs GRMN — 直观对比
营收规模更大
GRMN
是对方的2.0倍
$1.1B
营收增速更快
GRMN
高出8.5%
8.1%
净利率更高
GRMN
高出15.3%
9.6%
自由现金流更多
GRMN
多$53.6M
$376.0M
两年增速更快
DRS
近两年复合增速
24.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.1B |
| 净利润 | $102.0M | $528.7M |
| 毛利率 | 25.4% | 59.2% |
| 营业利润率 | 11.9% | 28.9% |
| 净利率 | 9.6% | 24.9% |
| 营收同比 | 8.1% | 16.6% |
| 净利润同比 | 14.6% | 21.3% |
| 每股收益（稀释后） | $0.38 | $2.72 |
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DRSGRMN
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $960.0M | $1.8B | ||
| Q2 25 | $829.0M | $1.8B | ||
| Q1 25 | $799.0M | $1.5B | ||
| Q4 24 | $981.0M | $1.8B | ||
| Q3 24 | $812.0M | $1.6B | ||
| Q2 24 | $753.0M | $1.5B | ||
| Q1 24 | $688.0M | $1.4B |
净利润DRSGRMN
| Q4 25 | $102.0M | $528.7M | ||
| Q3 25 | $72.0M | $401.6M | ||
| Q2 25 | $54.0M | $400.8M | ||
| Q1 25 | $50.0M | $332.8M | ||
| Q4 24 | $89.0M | $435.7M | ||
| Q3 24 | $57.0M | $399.1M | ||
| Q2 24 | $38.0M | $300.6M | ||
| Q1 24 | $29.0M | $276.0M |
毛利率DRSGRMN
| Q4 25 | 25.4% | 59.2% | ||
| Q3 25 | 23.1% | 59.1% | ||
| Q2 25 | 23.8% | 58.8% | ||
| Q1 25 | 22.7% | 57.6% | ||
| Q4 24 | 24.0% | 59.3% | ||
| Q3 24 | 22.0% | 60.0% | ||
| Q2 24 | 22.4% | 57.3% | ||
| Q1 24 | 22.2% | 58.1% |
营业利润率DRSGRMN
| Q4 25 | 11.9% | 28.9% | ||
| Q3 25 | 9.7% | 25.8% | ||
| Q2 25 | 8.4% | 26.0% | ||
| Q1 25 | 7.4% | 21.7% | ||
| Q4 24 | 12.2% | 28.3% | ||
| Q3 24 | 9.2% | 27.6% | ||
| Q2 24 | 7.3% | 22.7% | ||
| Q1 24 | 6.3% | 21.6% |
净利率DRSGRMN
| Q4 25 | 9.6% | 24.9% | ||
| Q3 25 | 7.5% | 22.7% | ||
| Q2 25 | 6.5% | 22.1% | ||
| Q1 25 | 6.3% | 21.7% | ||
| Q4 24 | 9.1% | 23.9% | ||
| Q3 24 | 7.0% | 25.2% | ||
| Q2 24 | 5.0% | 20.0% | ||
| Q1 24 | 4.2% | 20.0% |
每股收益（稀释后）DRSGRMN
| Q4 25 | $0.38 | $2.72 | ||
| Q3 25 | $0.26 | $2.08 | ||
| Q2 25 | $0.20 | $2.07 | ||
| Q1 25 | $0.19 | $1.72 | ||
| Q4 24 | $0.34 | $2.24 | ||
| Q3 24 | $0.21 | $2.07 | ||
| Q2 24 | $0.14 | $1.56 | ||
| Q1 24 | $0.11 | $1.43 |
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 | $647.0M | $2.3B |
| 总债务越低越好 | $321.0M | — |
| 股东权益账面价值 | $2.7B | $9.0B |
| 总资产 | $4.5B | $11.0B |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资DRSGRMN
| Q4 25 | $647.0M | $2.3B | ||
| Q3 25 | $309.0M | $2.1B | ||
| Q2 25 | $278.0M | $2.1B | ||
| Q1 25 | $380.0M | $2.2B | ||
| Q4 24 | $598.0M | $2.1B | ||
| Q3 24 | $198.0M | $2.0B | ||
| Q2 24 | $149.0M | $1.9B | ||
| Q1 24 | $160.0M | $1.9B |
总债务DRSGRMN
| Q4 25 | $321.0M | — | ||
| Q3 25 | $326.0M | — | ||
| Q2 25 | $331.0M | — | ||
| Q1 25 | $335.0M | — | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $345.0M | — | ||
| Q2 24 | $351.0M | — | ||
| Q1 24 | $356.0M | — |
股东权益DRSGRMN
| Q4 25 | $2.7B | $9.0B | ||
| Q3 25 | $2.6B | $8.5B | ||
| Q2 25 | $2.6B | $8.1B | ||
| Q1 25 | $2.6B | $8.2B | ||
| Q4 24 | $2.6B | $7.8B | ||
| Q3 24 | $2.5B | $7.5B | ||
| Q2 24 | $2.4B | $7.0B | ||
| Q1 24 | $2.4B | $7.2B |
总资产DRSGRMN
| Q4 25 | $4.5B | $11.0B | ||
| Q3 25 | $4.2B | $10.5B | ||
| Q2 25 | $4.1B | $10.3B | ||
| Q1 25 | $4.1B | $9.8B | ||
| Q4 24 | $4.2B | $9.6B | ||
| Q3 24 | $3.9B | $9.3B | ||
| Q2 24 | $3.8B | $8.9B | ||
| Q1 24 | $3.8B | $8.6B |
负债/权益比DRSGRMN
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $425.0M | $553.8M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $429.6M |
| 自由现金流率自由现金流/营收 | 35.5% | 20.2% |
| 资本支出强度资本支出/营收 | 4.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 4.17× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $227.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DRSGRMN
| Q4 25 | $425.0M | $553.8M | ||
| Q3 25 | $107.0M | $485.6M | ||
| Q2 25 | $-28.0M | $173.2M | ||
| Q1 25 | $-138.0M | $420.8M | ||
| Q4 24 | $443.0M | $483.9M | ||
| Q3 24 | $59.0M | $258.0M | ||
| Q2 24 | $34.0M | $255.3M | ||
| Q1 24 | $-265.0M | $435.3M |
自由现金流DRSGRMN
| Q4 25 | $376.0M | $429.6M | ||
| Q3 25 | $77.0M | $425.1M | ||
| Q2 25 | $-56.0M | $127.5M | ||
| Q1 25 | $-170.0M | $380.7M | ||
| Q4 24 | $414.0M | $399.2M | ||
| Q3 24 | $47.0M | $219.4M | ||
| Q2 24 | $0 | $218.2M | ||
| Q1 24 | $-275.0M | $402.1M |
自由现金流率DRSGRMN
| Q4 25 | 35.5% | 20.2% | ||
| Q3 25 | 8.0% | 24.0% | ||
| Q2 25 | -6.8% | 7.0% | ||
| Q1 25 | -21.3% | 24.8% | ||
| Q4 24 | 42.2% | 21.9% | ||
| Q3 24 | 5.8% | 13.8% | ||
| Q2 24 | 0.0% | 14.5% | ||
| Q1 24 | -40.0% | 29.1% |
资本支出强度DRSGRMN
| Q4 25 | 4.6% | 5.8% | ||
| Q3 25 | 3.1% | 3.4% | ||
| Q2 25 | 3.4% | 2.5% | ||
| Q1 25 | 4.0% | 2.6% | ||
| Q4 24 | 3.0% | 4.6% | ||
| Q3 24 | 1.5% | 2.4% | ||
| Q2 24 | 4.5% | 2.5% | ||
| Q1 24 | 1.5% | 2.4% |
现金转化率DRSGRMN
| Q4 25 | 4.17× | 1.05× | ||
| Q3 25 | 1.49× | 1.21× | ||
| Q2 25 | -0.52× | 0.43× | ||
| Q1 25 | -2.76× | 1.26× | ||
| Q4 24 | 4.98× | 1.11× | ||
| Q3 24 | 1.04× | 0.65× | ||
| Q2 24 | 0.89× | 0.85× | ||
| Q1 24 | -9.14× | 1.58× |
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
DRS
暂无分部数据
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
