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Leonardo DRS, Inc.（DRS）与V2X, Inc.（VVX）财务数据对比。点击上方公司名可切换其他公司
V2X, Inc.的季度营收约是Leonardo DRS, Inc.的1.1倍（$1.2B vs $1.1B），Leonardo DRS, Inc.净利率更高（9.6% vs 1.9%，领先7.8%），Leonardo DRS, Inc.同比增速更快（8.1% vs 5.3%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $207.2M），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 9.8%）
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。
V2X公司是总部位于美国的技术工程服务供应商，主要服务美国国防部等联邦政府客户，提供任务支持、关键基础设施运维、国家安全相关解决方案，业务覆盖国防、公共安全、运营韧性等核心领域。
DRS vs VVX — 直观对比
营收规模更大
VVX
是对方的1.1倍
$1.1B
营收增速更快
DRS
高出2.8%
5.3%
净利率更高
DRS
高出7.8%
1.9%
自由现金流更多
DRS
多$168.8M
$207.2M
两年增速更快
DRS
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $102.0M | $22.8M |
| 毛利率 | 25.4% | 8.6% |
| 营业利润率 | 11.9% | 4.2% |
| 净利率 | 9.6% | 1.9% |
| 营收同比 | 8.1% | 5.3% |
| 净利润同比 | 14.6% | -9.0% |
| 每股收益（稀释后） | $0.38 | $0.73 |
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DRSVVX
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $960.0M | $1.2B | ||
| Q2 25 | $829.0M | $1.1B | ||
| Q1 25 | $799.0M | $1.0B | ||
| Q4 24 | $981.0M | $1.2B | ||
| Q3 24 | $812.0M | $1.1B | ||
| Q2 24 | $753.0M | $1.1B | ||
| Q1 24 | $688.0M | $1.0B |
净利润DRSVVX
| Q4 25 | $102.0M | $22.8M | ||
| Q3 25 | $72.0M | $24.6M | ||
| Q2 25 | $54.0M | $22.4M | ||
| Q1 25 | $50.0M | $8.1M | ||
| Q4 24 | $89.0M | $25.0M | ||
| Q3 24 | $57.0M | $15.1M | ||
| Q2 24 | $38.0M | $-6.5M | ||
| Q1 24 | $29.0M | $1.1M |
毛利率DRSVVX
| Q4 25 | 25.4% | 8.6% | ||
| Q3 25 | 23.1% | 8.1% | ||
| Q2 25 | 23.8% | 8.9% | ||
| Q1 25 | 22.7% | 7.7% | ||
| Q4 24 | 24.0% | 9.3% | ||
| Q3 24 | 22.0% | 8.5% | ||
| Q2 24 | 22.4% | 6.9% | ||
| Q1 24 | 22.2% | 7.0% |
营业利润率DRSVVX
| Q4 25 | 11.9% | 4.2% | ||
| Q3 25 | 9.7% | 4.8% | ||
| Q2 25 | 8.4% | 4.9% | ||
| Q1 25 | 7.4% | 3.4% | ||
| Q4 24 | 12.2% | 4.5% | ||
| Q3 24 | 9.2% | 4.6% | ||
| Q2 24 | 7.3% | 2.6% | ||
| Q1 24 | 6.3% | 3.0% |
净利率DRSVVX
| Q4 25 | 9.6% | 1.9% | ||
| Q3 25 | 7.5% | 2.1% | ||
| Q2 25 | 6.5% | 2.1% | ||
| Q1 25 | 6.3% | 0.8% | ||
| Q4 24 | 9.1% | 2.2% | ||
| Q3 24 | 7.0% | 1.4% | ||
| Q2 24 | 5.0% | -0.6% | ||
| Q1 24 | 4.2% | 0.1% |
每股收益（稀释后）DRSVVX
| Q4 25 | $0.38 | $0.73 | ||
| Q3 25 | $0.26 | $0.77 | ||
| Q2 25 | $0.20 | $0.70 | ||
| Q1 25 | $0.19 | $0.25 | ||
| Q4 24 | $0.34 | $0.78 | ||
| Q3 24 | $0.21 | $0.47 | ||
| Q2 24 | $0.14 | $-0.21 | ||
| Q1 24 | $0.11 | $0.04 |
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 | — |
| 总债务越低越好 | $321.0M | — |
| 股东权益账面价值 | $2.7B | $1.1B |
| 总资产 | $4.5B | $3.3B |
| 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DRSVVX
| Q4 25 | $647.0M | — | ||
| Q3 25 | $309.0M | — | ||
| Q2 25 | $278.0M | — | ||
| Q1 25 | $380.0M | — | ||
| Q4 24 | $598.0M | — | ||
| Q3 24 | $198.0M | — | ||
| Q2 24 | $149.0M | — | ||
| Q1 24 | $160.0M | — |
总债务DRSVVX
| 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DRSVVX
| Q4 25 | $2.7B | $1.1B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.4B | $992.0M | ||
| Q1 24 | $2.4B | $993.7M |
总资产DRSVVX
| Q4 25 | $4.5B | $3.3B | ||
| Q3 25 | $4.2B | $3.2B | ||
| Q2 25 | $4.1B | $3.1B | ||
| Q1 25 | $4.1B | $3.1B | ||
| Q4 24 | $4.2B | $3.2B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $3.8B | $3.2B | ||
| Q1 24 | $3.8B | $3.1B |
负债/权益比DRSVVX
| 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 | $209.5M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $207.2M |
| 自由现金流率自由现金流/营收 | 35.5% | 17.0% |
| 资本支出强度资本支出/营收 | 4.6% | 0.2% |
| 现金转化率经营现金流/净利润 | 4.17× | 9.20× |
| 过去12个月自由现金流最近4个季度 | $227.0M | $170.1M |
8季度趋势，按日历期对齐
经营现金流DRSVVX
| Q4 25 | $425.0M | $209.5M | ||
| Q3 25 | $107.0M | $39.4M | ||
| Q2 25 | $-28.0M | $28.5M | ||
| Q1 25 | $-138.0M | $-95.5M | ||
| Q4 24 | $443.0M | $223.1M | ||
| Q3 24 | $59.0M | $62.7M | ||
| Q2 24 | $34.0M | $25.7M | ||
| Q1 24 | $-265.0M | $-57.2M |
自由现金流DRSVVX
| Q4 25 | $376.0M | $207.2M | ||
| Q3 25 | $77.0M | $35.0M | ||
| Q2 25 | $-56.0M | $26.1M | ||
| Q1 25 | $-170.0M | $-98.2M | ||
| Q4 24 | $414.0M | $222.0M | ||
| Q3 24 | $47.0M | $60.5M | ||
| Q2 24 | $0 | $24.9M | ||
| Q1 24 | $-275.0M | $-65.0M |
自由现金流率DRSVVX
| Q4 25 | 35.5% | 17.0% | ||
| Q3 25 | 8.0% | 3.0% | ||
| Q2 25 | -6.8% | 2.4% | ||
| Q1 25 | -21.3% | -9.7% | ||
| Q4 24 | 42.2% | 19.2% | ||
| Q3 24 | 5.8% | 5.6% | ||
| Q2 24 | 0.0% | 2.3% | ||
| Q1 24 | -40.0% | -6.4% |
资本支出强度DRSVVX
| Q4 25 | 4.6% | 0.2% | ||
| Q3 25 | 3.1% | 0.4% | ||
| Q2 25 | 3.4% | 0.2% | ||
| Q1 25 | 4.0% | 0.3% | ||
| Q4 24 | 3.0% | 0.1% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 4.5% | 0.1% | ||
| Q1 24 | 1.5% | 0.8% |
现金转化率DRSVVX
| Q4 25 | 4.17× | 9.20× | ||
| Q3 25 | 1.49× | 1.60× | ||
| Q2 25 | -0.52× | 1.27× | ||
| Q1 25 | -2.76× | -11.78× | ||
| Q4 24 | 4.98× | 8.91× | ||
| Q3 24 | 1.04× | 4.16× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | -9.14× | -50.02× |
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
VVX
| Army | $480.4M | 39% |
| Navy | $388.9M | 32% |
| Air Force | $196.1M | 16% |
| Other Customers | $153.3M | 13% |
