vs
Leonardo DRS, Inc.（DRS）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是Leonardo DRS, Inc.的1.7倍（$1.8B vs $1.1B），高德纳净利率更高（13.8% vs 9.6%，领先4.2%），Leonardo DRS, Inc.同比增速更快（8.1% vs 2.2%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $270.7M），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 9.1%）
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。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
DRS vs IT — 直观对比
营收规模更大
IT
是对方的1.7倍
$1.1B
营收增速更快
DRS
高出5.9%
2.2%
净利率更高
IT
高出4.2%
9.6%
自由现金流更多
DRS
多$105.3M
$270.7M
两年增速更快
DRS
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $102.0M | $242.2M |
| 毛利率 | 25.4% | 67.8% |
| 营业利润率 | 11.9% | 19.1% |
| 净利率 | 9.6% | 13.8% |
| 营收同比 | 8.1% | 2.2% |
| 净利润同比 | 14.6% | -39.2% |
| 每股收益（稀释后） | $0.38 | $3.36 |
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DRSIT
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $960.0M | $1.5B | ||
| Q2 25 | $829.0M | $1.7B | ||
| Q1 25 | $799.0M | $1.5B | ||
| Q4 24 | $981.0M | $1.7B | ||
| Q3 24 | $812.0M | $1.5B | ||
| Q2 24 | $753.0M | $1.6B | ||
| Q1 24 | $688.0M | $1.5B |
净利润DRSIT
| Q4 25 | $102.0M | $242.2M | ||
| Q3 25 | $72.0M | $35.4M | ||
| Q2 25 | $54.0M | $240.8M | ||
| Q1 25 | $50.0M | $210.9M | ||
| Q4 24 | $89.0M | $398.6M | ||
| Q3 24 | $57.0M | $415.0M | ||
| Q2 24 | $38.0M | $229.5M | ||
| Q1 24 | $29.0M | $210.5M |
毛利率DRSIT
| Q4 25 | 25.4% | 67.8% | ||
| Q3 25 | 23.1% | 69.3% | ||
| Q2 25 | 23.8% | 68.6% | ||
| Q1 25 | 22.7% | 69.4% | ||
| Q4 24 | 24.0% | 66.8% | ||
| Q3 24 | 22.0% | 68.4% | ||
| Q2 24 | 22.4% | 68.6% | ||
| Q1 24 | 22.2% | 69.4% |
营业利润率DRSIT
| Q4 25 | 11.9% | 19.1% | ||
| Q3 25 | 9.7% | 5.7% | ||
| Q2 25 | 8.4% | 19.4% | ||
| Q1 25 | 7.4% | 18.1% | ||
| Q4 24 | 12.2% | 18.5% | ||
| Q3 24 | 9.2% | 16.6% | ||
| Q2 24 | 7.3% | 20.0% | ||
| Q1 24 | 6.3% | 18.6% |
净利率DRSIT
| Q4 25 | 9.6% | 13.8% | ||
| Q3 25 | 7.5% | 2.3% | ||
| Q2 25 | 6.5% | 14.3% | ||
| Q1 25 | 6.3% | 13.7% | ||
| Q4 24 | 9.1% | 23.2% | ||
| Q3 24 | 7.0% | 28.0% | ||
| Q2 24 | 5.0% | 14.4% | ||
| Q1 24 | 4.2% | 14.3% |
每股收益（稀释后）DRSIT
| Q4 25 | $0.38 | $3.36 | ||
| Q3 25 | $0.26 | $0.47 | ||
| Q2 25 | $0.20 | $3.11 | ||
| Q1 25 | $0.19 | $2.71 | ||
| Q4 24 | $0.34 | $5.08 | ||
| Q3 24 | $0.21 | $5.32 | ||
| Q2 24 | $0.14 | $2.93 | ||
| Q1 24 | $0.11 | $2.67 |
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 | $1.7B |
| 总债务越低越好 | $321.0M | — |
| 股东权益账面价值 | $2.7B | $319.9M |
| 总资产 | $4.5B | $8.1B |
| 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DRSIT
| Q4 25 | $647.0M | $1.7B | ||
| Q3 25 | $309.0M | $1.4B | ||
| Q2 25 | $278.0M | $2.2B | ||
| Q1 25 | $380.0M | $2.1B | ||
| Q4 24 | $598.0M | $1.9B | ||
| Q3 24 | $198.0M | $1.8B | ||
| Q2 24 | $149.0M | $1.2B | ||
| Q1 24 | $160.0M | $1.2B |
总债务DRSIT
| 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DRSIT
| Q4 25 | $2.7B | $319.9M | ||
| Q3 25 | $2.6B | $556.6M | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.4B | $646.7M | ||
| Q1 24 | $2.4B | $718.2M |
总资产DRSIT
| Q4 25 | $4.5B | $8.1B | ||
| Q3 25 | $4.2B | $7.2B | ||
| Q2 25 | $4.1B | $8.3B | ||
| Q1 25 | $4.1B | $8.5B | ||
| Q4 24 | $4.2B | $8.5B | ||
| Q3 24 | $3.9B | $7.8B | ||
| Q2 24 | $3.8B | $7.4B | ||
| Q1 24 | $3.8B | $7.7B |
负债/权益比DRSIT
| 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 | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $270.7M |
| 自由现金流率自由现金流/营收 | 35.5% | 15.4% |
| 资本支出强度资本支出/营收 | 4.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 4.17× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $227.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流DRSIT
| Q4 25 | $425.0M | $294.5M | ||
| Q3 25 | $107.0M | $298.7M | ||
| Q2 25 | $-28.0M | $383.6M | ||
| Q1 25 | $-138.0M | $313.5M | ||
| Q4 24 | $443.0M | $335.4M | ||
| Q3 24 | $59.0M | $590.8M | ||
| Q2 24 | $34.0M | $370.0M | ||
| Q1 24 | $-265.0M | $188.8M |
自由现金流DRSIT
| Q4 25 | $376.0M | $270.7M | ||
| Q3 25 | $77.0M | $269.3M | ||
| Q2 25 | $-56.0M | $347.3M | ||
| Q1 25 | $-170.0M | $287.9M | ||
| Q4 24 | $414.0M | $311.4M | ||
| Q3 24 | $47.0M | $565.0M | ||
| Q2 24 | $0 | $340.6M | ||
| Q1 24 | $-275.0M | $166.2M |
自由现金流率DRSIT
| Q4 25 | 35.5% | 15.4% | ||
| Q3 25 | 8.0% | 17.7% | ||
| Q2 25 | -6.8% | 20.6% | ||
| Q1 25 | -21.3% | 18.8% | ||
| Q4 24 | 42.2% | 18.2% | ||
| Q3 24 | 5.8% | 38.1% | ||
| Q2 24 | 0.0% | 21.4% | ||
| Q1 24 | -40.0% | 11.3% |
资本支出强度DRSIT
| Q4 25 | 4.6% | 1.4% | ||
| Q3 25 | 3.1% | 1.9% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 4.5% | 1.8% | ||
| Q1 24 | 1.5% | 1.5% |
现金转化率DRSIT
| Q4 25 | 4.17× | 1.22× | ||
| Q3 25 | 1.49× | 8.45× | ||
| Q2 25 | -0.52× | 1.59× | ||
| Q1 25 | -2.76× | 1.49× | ||
| Q4 24 | 4.98× | 0.84× | ||
| Q3 24 | 1.04× | 1.42× | ||
| Q2 24 | 0.89× | 1.61× | ||
| Q1 24 | -9.14× | 0.90× |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
