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Leonardo DRS, Inc.（DRS）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是Leonardo DRS, Inc.的1.8倍（$1.9B vs $1.1B），Vulcan Materials Company净利率更高（13.2% vs 9.6%，领先3.6%），Leonardo DRS, Inc.同比增速更快（8.1% vs 3.2%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $358.2M），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 11.2%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
DRS vs VMC — 直观对比
营收规模更大
VMC
是对方的1.8倍
$1.1B
营收增速更快
DRS
高出4.9%
3.2%
净利率更高
VMC
高出3.6%
9.6%
自由现金流更多
DRS
多$17.8M
$358.2M
两年增速更快
DRS
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.9B |
| 净利润 | $102.0M | $252.0M |
| 毛利率 | 25.4% | 25.5% |
| 营业利润率 | 11.9% | 19.8% |
| 净利率 | 9.6% | 13.2% |
| 营收同比 | 8.1% | 3.2% |
| 净利润同比 | 14.6% | -14.2% |
| 每股收益（稀释后） | $0.38 | $1.90 |
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DRSVMC
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $960.0M | $2.3B | ||
| Q2 25 | $829.0M | $2.1B | ||
| Q1 25 | $799.0M | $1.6B | ||
| Q4 24 | $981.0M | $1.9B | ||
| Q3 24 | $812.0M | $2.0B | ||
| Q2 24 | $753.0M | $2.0B | ||
| Q1 24 | $688.0M | $1.5B |
净利润DRSVMC
| Q4 25 | $102.0M | $252.0M | ||
| Q3 25 | $72.0M | $374.9M | ||
| Q2 25 | $54.0M | $320.9M | ||
| Q1 25 | $50.0M | $128.9M | ||
| Q4 24 | $89.0M | $293.6M | ||
| Q3 24 | $57.0M | $207.6M | ||
| Q2 24 | $38.0M | $308.0M | ||
| Q1 24 | $29.0M | $102.7M |
毛利率DRSVMC
| Q4 25 | 25.4% | 25.5% | ||
| Q3 25 | 23.1% | 30.4% | ||
| Q2 25 | 23.8% | 29.7% | ||
| Q1 25 | 22.7% | 22.3% | ||
| Q4 24 | 24.0% | 29.0% | ||
| Q3 24 | 22.0% | 28.2% | ||
| Q2 24 | 22.4% | 29.4% | ||
| Q1 24 | 22.2% | 19.7% |
营业利润率DRSVMC
| Q4 25 | 11.9% | 19.8% | ||
| Q3 25 | 9.7% | 23.7% | ||
| Q2 25 | 8.4% | 22.4% | ||
| Q1 25 | 7.4% | 13.9% | ||
| Q4 24 | 12.2% | 21.6% | ||
| Q3 24 | 9.2% | 16.8% | ||
| Q2 24 | 7.3% | 22.5% | ||
| Q1 24 | 6.3% | 11.2% |
净利率DRSVMC
| Q4 25 | 9.6% | 13.2% | ||
| Q3 25 | 7.5% | 16.4% | ||
| Q2 25 | 6.5% | 15.3% | ||
| Q1 25 | 6.3% | 7.9% | ||
| Q4 24 | 9.1% | 15.8% | ||
| Q3 24 | 7.0% | 10.4% | ||
| Q2 24 | 5.0% | 15.3% | ||
| Q1 24 | 4.2% | 6.6% |
每股收益（稀释后）DRSVMC
| Q4 25 | $0.38 | $1.90 | ||
| Q3 25 | $0.26 | $2.82 | ||
| Q2 25 | $0.20 | $2.42 | ||
| Q1 25 | $0.19 | $0.97 | ||
| Q4 24 | $0.34 | $2.21 | ||
| Q3 24 | $0.21 | $1.56 | ||
| Q2 24 | $0.14 | $2.31 | ||
| Q1 24 | $0.11 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | $321.0M | $4.4B |
| 股东权益账面价值 | $2.7B | $8.5B |
| 总资产 | $4.5B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DRSVMC
| Q4 25 | $647.0M | $183.3M | ||
| Q3 25 | $309.0M | $191.3M | ||
| Q2 25 | $278.0M | $347.4M | ||
| Q1 25 | $380.0M | $181.3M | ||
| Q4 24 | $598.0M | $559.7M | ||
| Q3 24 | $198.0M | $433.2M | ||
| Q2 24 | $149.0M | $111.0M | ||
| Q1 24 | $160.0M | $292.4M |
总债务DRSVMC
| Q4 25 | $321.0M | $4.4B | ||
| Q3 25 | $326.0M | $4.4B | ||
| Q2 25 | $331.0M | $4.4B | ||
| Q1 25 | $335.0M | $4.9B | ||
| Q4 24 | $340.0M | $5.3B | ||
| Q3 24 | $345.0M | $3.3B | ||
| Q2 24 | $351.0M | $3.3B | ||
| Q1 24 | $356.0M | $3.3B |
股东权益DRSVMC
| Q4 25 | $2.7B | $8.5B | ||
| Q3 25 | $2.6B | $8.7B | ||
| Q2 25 | $2.6B | $8.4B | ||
| Q1 25 | $2.6B | $8.1B | ||
| Q4 24 | $2.6B | $8.1B | ||
| Q3 24 | $2.5B | $7.9B | ||
| Q2 24 | $2.4B | $7.7B | ||
| Q1 24 | $2.4B | $7.5B |
总资产DRSVMC
| Q4 25 | $4.5B | $16.7B | ||
| Q3 25 | $4.2B | $17.0B | ||
| Q2 25 | $4.1B | $17.0B | ||
| Q1 25 | $4.1B | $16.7B | ||
| Q4 24 | $4.2B | $17.1B | ||
| Q3 24 | $3.9B | $14.4B | ||
| Q2 24 | $3.8B | $14.2B | ||
| Q1 24 | $3.8B | $13.9B |
负债/权益比DRSVMC
| Q4 25 | 0.12× | 0.51× | ||
| Q3 25 | 0.12× | 0.50× | ||
| Q2 25 | 0.13× | 0.52× | ||
| Q1 25 | 0.13× | 0.60× | ||
| Q4 24 | 0.13× | 0.65× | ||
| Q3 24 | 0.14× | 0.42× | ||
| Q2 24 | 0.15× | 0.43× | ||
| Q1 24 | 0.15× | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $358.2M |
| 自由现金流率自由现金流/营收 | 35.5% | 18.7% |
| 资本支出强度资本支出/营收 | 4.6% | 9.7% |
| 现金转化率经营现金流/净利润 | 4.17× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $227.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流DRSVMC
| Q4 25 | $425.0M | $543.0M | ||
| Q3 25 | $107.0M | $676.8M | ||
| Q2 25 | $-28.0M | $341.7M | ||
| Q1 25 | $-138.0M | $251.5M | ||
| Q4 24 | $443.0M | $440.1M | ||
| Q3 24 | $59.0M | $595.0M | ||
| Q2 24 | $34.0M | $201.1M | ||
| Q1 24 | $-265.0M | $173.4M |
自由现金流DRSVMC
| Q4 25 | $376.0M | $358.2M | ||
| Q3 25 | $77.0M | $454.8M | ||
| Q2 25 | $-56.0M | $238.8M | ||
| Q1 25 | $-170.0M | $83.5M | ||
| Q4 24 | $414.0M | $277.6M | ||
| Q3 24 | $47.0M | $498.2M | ||
| Q2 24 | $0 | $9.7M | ||
| Q1 24 | $-275.0M | $20.6M |
自由现金流率DRSVMC
| Q4 25 | 35.5% | 18.7% | ||
| Q3 25 | 8.0% | 19.8% | ||
| Q2 25 | -6.8% | 11.4% | ||
| Q1 25 | -21.3% | 5.1% | ||
| Q4 24 | 42.2% | 15.0% | ||
| Q3 24 | 5.8% | 24.9% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | -40.0% | 1.3% |
资本支出强度DRSVMC
| Q4 25 | 4.6% | 9.7% | ||
| Q3 25 | 3.1% | 9.7% | ||
| Q2 25 | 3.4% | 4.9% | ||
| Q1 25 | 4.0% | 10.3% | ||
| Q4 24 | 3.0% | 8.8% | ||
| Q3 24 | 1.5% | 4.8% | ||
| Q2 24 | 4.5% | 9.5% | ||
| Q1 24 | 1.5% | 9.9% |
现金转化率DRSVMC
| Q4 25 | 4.17× | 2.15× | ||
| Q3 25 | 1.49× | 1.81× | ||
| Q2 25 | -0.52× | 1.06× | ||
| Q1 25 | -2.76× | 1.95× | ||
| Q4 24 | 4.98× | 1.50× | ||
| Q3 24 | 1.04× | 2.87× | ||
| Q2 24 | 0.89× | 0.65× | ||
| Q1 24 | -9.14× | 1.69× |
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
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
