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艺康（ECL）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是艺康的1.0倍（$4.2B vs $4.1B），艺康净利率更高（10.6% vs 7.8%，领先2.8%），艺康同比增速更快（10.0% vs -3.5%），过去两年Leidos的营收复合增速更高（3.1% vs 1.0%）
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
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。
ECL vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.0倍
$4.1B
营收增速更快
ECL
高出13.5%
-3.5%
净利率更高
ECL
高出2.8%
7.8%
两年增速更快
LDOS
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $4.2B |
| 净利润 | $432.6M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 15.3% | 11.3% |
| 净利率 | 10.6% | 7.8% |
| 营收同比 | 10.0% | -3.5% |
| 净利润同比 | 1.3% | 15.1% |
| 每股收益（稀释后） | $1.52 | $2.54 |
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ECLLDOS
| Q2 26 | $4.1B | — | ||
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.2B | $4.4B | ||
| Q3 25 | $4.2B | $4.2B | ||
| Q2 25 | $4.0B | $4.2B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.0B | $4.2B |
净利润ECLLDOS
| Q2 26 | $432.6M | — | ||
| Q1 26 | — | $327.0M | ||
| Q4 25 | $563.9M | $367.0M | ||
| Q3 25 | $585.0M | $391.0M | ||
| Q2 25 | $524.2M | $363.0M | ||
| Q1 25 | $402.5M | $284.0M | ||
| Q4 24 | $472.9M | — | ||
| Q3 24 | $736.5M | $364.0M |
毛利率ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | 17.4% | ||
| Q4 25 | 44.0% | 18.0% | ||
| Q3 25 | 44.8% | 18.0% | ||
| Q2 25 | 44.8% | 17.5% | ||
| Q1 25 | 44.2% | 15.6% | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 43.4% | 17.8% |
营业利润率ECLLDOS
| Q2 26 | 15.3% | — | ||
| Q1 26 | — | 11.3% | ||
| Q4 25 | 17.0% | 12.0% | ||
| Q3 25 | 18.3% | 13.5% | ||
| Q2 25 | 17.6% | 12.5% | ||
| Q1 25 | 15.0% | 9.7% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 26.1% | 12.4% |
净利率ECLLDOS
| Q2 26 | 10.6% | — | ||
| Q1 26 | — | 7.8% | ||
| Q4 25 | 13.4% | 8.2% | ||
| Q3 25 | 14.0% | 9.2% | ||
| Q2 25 | 13.0% | 8.6% | ||
| Q1 25 | 10.9% | 6.5% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 18.4% | 8.7% |
每股收益（稀释后）ECLLDOS
| Q2 26 | $1.52 | — | ||
| Q1 26 | — | $2.54 | ||
| Q4 25 | $1.98 | $2.82 | ||
| Q3 25 | $2.05 | $3.01 | ||
| Q2 25 | $1.84 | $2.77 | ||
| Q1 25 | $1.41 | $2.10 | ||
| Q4 24 | $1.65 | — | ||
| Q3 24 | $2.58 | $2.68 |
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 | $519.8K | $1.1B |
| 总债务越低越好 | $8.5M | $4.6B |
| 股东权益账面价值 | $10.0M | $4.9B |
| 总资产 | $25.0M | $13.5B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资ECLLDOS
| Q2 26 | $519.8K | — | ||
| Q1 26 | — | $1.1B | ||
| Q4 25 | $646.2M | $974.0M | ||
| Q3 25 | $2.0B | $930.0M | ||
| Q2 25 | $1.9B | $842.0M | ||
| Q1 25 | $1.2B | $943.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $1.2B |
总债务ECLLDOS
| Q2 26 | $8.5M | — | ||
| Q1 26 | — | $4.6B | ||
| Q4 25 | $7.4B | $4.6B | ||
| Q3 25 | $8.1B | $5.0B | ||
| Q2 25 | $7.5B | $5.0B | ||
| Q1 25 | $7.0B | $4.1B | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $7.0B | $4.1B |
股东权益ECLLDOS
| Q2 26 | $10.0M | — | ||
| Q1 26 | — | $4.9B | ||
| Q4 25 | $9.8B | $4.9B | ||
| Q3 25 | $9.7B | $4.7B | ||
| Q2 25 | $9.3B | $4.3B | ||
| Q1 25 | $8.9B | $4.4B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.5B | $4.6B |
总资产ECLLDOS
| Q2 26 | $25.0M | — | ||
| Q1 26 | — | $13.5B | ||
| Q4 25 | $24.7B | $13.5B | ||
| Q3 25 | $23.9B | $13.5B | ||
| Q2 25 | $23.7B | $13.2B | ||
| Q1 25 | $22.4B | $13.1B | ||
| Q4 24 | $22.4B | — | ||
| Q3 24 | $22.1B | $13.3B |
负债/权益比ECLLDOS
| Q2 26 | 0.85× | — | ||
| Q1 26 | — | 0.94× | ||
| Q4 25 | 0.75× | 0.94× | ||
| Q3 25 | 0.83× | 1.07× | ||
| Q2 25 | 0.81× | 1.18× | ||
| Q1 25 | 0.79× | 0.92× | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.82× | 0.88× |
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 | — | $495.0M |
| 自由现金流经营现金流 - 资本支出 | — | $452.0M |
| 自由现金流率自由现金流/营收 | — | 10.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.51× |
| 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ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | $495.0M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $791.3M | $711.0M | ||
| Q2 25 | $701.8M | $58.0M | ||
| Q1 25 | $369.4M | $299.0M | ||
| Q4 24 | $766.7M | — | ||
| Q3 24 | $786.7M | $656.0M |
自由现金流ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | $452.0M | ||
| Q4 25 | $758.0M | — | ||
| Q3 25 | $529.7M | $680.0M | ||
| Q2 25 | $485.1M | $36.0M | ||
| Q1 25 | $131.5M | $213.0M | ||
| Q4 24 | $407.0M | — | ||
| Q3 24 | $550.3M | $633.0M |
自由现金流率ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | 10.8% | ||
| Q4 25 | 18.1% | — | ||
| Q3 25 | 12.7% | 16.1% | ||
| Q2 25 | 12.1% | 0.9% | ||
| Q1 25 | 3.6% | 4.9% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 13.8% | 15.2% |
资本支出强度ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | 1.0% | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 6.3% | 0.7% | ||
| Q2 25 | 5.4% | 0.5% | ||
| Q1 25 | 6.4% | 2.0% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 5.9% | 0.6% |
现金转化率ECLLDOS
| Q2 26 | — | — | ||
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.93× | — | ||
| Q3 25 | 1.35× | 1.82× | ||
| Q2 25 | 1.34× | 0.16× | ||
| Q1 25 | 0.92× | 1.05× | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 1.07× | 1.80× |
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
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
