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伊顿公司（ETN）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
伊顿公司的季度营收约是Leidos的1.7倍（$7.1B vs $4.2B），伊顿公司净利率更高（16.0% vs 7.8%，领先8.2%），伊顿公司同比增速更快（13.1% vs -3.5%），伊顿公司自由现金流更多（$1.6B vs $452.0M），过去两年伊顿公司的营收复合增速更高（9.0% vs 3.1%）
伊顿公司是一家总部位于爱尔兰的跨国电力管理企业，核心行政中心设在美国俄亥俄州比奇伍德，全球员工规模超过8.5万名，旗下产品销往全球175个以上国家和地区的客户市场。
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。
ETN vs LDOS — 直观对比
营收规模更大
ETN
是对方的1.7倍
$4.2B
营收增速更快
ETN
高出16.6%
-3.5%
净利率更高
ETN
高出8.2%
7.8%
自由现金流更多
ETN
多$1.1B
$452.0M
两年增速更快
ETN
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $4.2B |
| 净利润 | $1.1B | $327.0M |
| 毛利率 | 36.8% | 17.4% |
| 营业利润率 | 18.3% | 11.3% |
| 净利率 | 16.0% | 7.8% |
| 营收同比 | 13.1% | -3.5% |
| 净利润同比 | 16.5% | 15.1% |
| 每股收益（稀释后） | $2.90 | $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ETNLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.1B | $4.4B | ||
| Q3 25 | $7.0B | $4.2B | ||
| Q2 25 | $7.0B | $4.2B | ||
| Q1 25 | $6.4B | $4.3B | ||
| Q4 24 | $6.2B | — | ||
| Q3 24 | $6.3B | $4.2B | ||
| Q2 24 | $6.3B | $4.1B |
净利润ETNLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $1.1B | $367.0M | ||
| Q3 25 | $1.0B | $391.0M | ||
| Q2 25 | $982.0M | $363.0M | ||
| Q1 25 | $964.0M | $284.0M | ||
| Q4 24 | $971.0M | — | ||
| Q3 24 | $1.0B | $364.0M | ||
| Q2 24 | $993.0M | $322.0M |
毛利率ETNLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | 36.8% | 18.0% | ||
| Q3 25 | 38.3% | 18.0% | ||
| Q2 25 | 37.0% | 17.5% | ||
| Q1 25 | 38.4% | 15.6% | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 38.6% | 17.8% | ||
| Q2 24 | 38.0% | 16.6% |
营业利润率ETNLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 18.3% | 12.0% | ||
| Q3 25 | 18.2% | 13.5% | ||
| Q2 25 | 16.9% | 12.5% | ||
| Q1 25 | 18.5% | 9.7% | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 19.0% | 12.4% | ||
| Q2 24 | 18.8% | 11.6% |
净利率ETNLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 16.0% | 8.2% | ||
| Q3 25 | 14.5% | 9.2% | ||
| Q2 25 | 14.0% | 8.6% | ||
| Q1 25 | 15.1% | 6.5% | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 15.9% | 8.7% | ||
| Q2 24 | 15.6% | 7.8% |
每股收益（稀释后）ETNLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $2.90 | $2.82 | ||
| Q3 25 | $2.59 | $3.01 | ||
| Q2 25 | $2.51 | $2.77 | ||
| Q1 25 | $2.45 | $2.10 | ||
| Q4 24 | $2.45 | — | ||
| Q3 24 | $2.53 | $2.68 | ||
| Q2 24 | $2.48 | $2.37 |
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 | $803.0M | $1.1B |
| 总债务越低越好 | $8.8B | $4.6B |
| 股东权益账面价值 | $19.4B | $4.9B |
| 总资产 | $41.3B | $13.5B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资ETNLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $803.0M | $974.0M | ||
| Q3 25 | $565.0M | $930.0M | ||
| Q2 25 | $584.0M | $842.0M | ||
| Q1 25 | $1.9B | $943.0M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.8B | $823.0M |
总债务ETNLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $8.8B | $4.6B | ||
| Q3 25 | $8.8B | $5.0B | ||
| Q2 25 | $8.8B | $5.0B | ||
| Q1 25 | $7.6B | $4.1B | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.7B | $4.1B | ||
| Q2 24 | $8.6B | $4.1B |
股东权益ETNLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $19.4B | $4.9B | ||
| Q3 25 | $18.8B | $4.7B | ||
| Q2 25 | $18.6B | $4.3B | ||
| Q1 25 | $18.5B | $4.4B | ||
| Q4 24 | $18.5B | — | ||
| Q3 24 | $19.1B | $4.6B | ||
| Q2 24 | $19.2B | $4.5B |
总资产ETNLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $41.3B | $13.5B | ||
| Q3 25 | $40.6B | $13.5B | ||
| Q2 25 | $40.5B | $13.2B | ||
| Q1 25 | $39.2B | $13.1B | ||
| Q4 24 | $38.4B | — | ||
| Q3 24 | $39.2B | $13.3B | ||
| Q2 24 | $39.4B | $12.9B |
负债/权益比ETNLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 0.45× | 0.94× | ||
| Q3 25 | 0.46× | 1.07× | ||
| Q2 25 | 0.47× | 1.18× | ||
| Q1 25 | 0.41× | 0.92× | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.45× | 0.88× | ||
| Q2 24 | 0.45× | 0.92× |
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 | $2.0B | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $452.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 10.8% |
| 资本支出强度资本支出/营收 | 5.6% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.74× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $3.6B | — |
8季度趋势，按日历期对齐
经营现金流ETNLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.4B | $711.0M | ||
| Q2 25 | $918.0M | $58.0M | ||
| Q1 25 | $238.0M | $299.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.3B | $656.0M | ||
| Q2 24 | $946.0M | $374.0M |
自由现金流ETNLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.2B | $680.0M | ||
| Q2 25 | $716.0M | $36.0M | ||
| Q1 25 | $91.0M | $213.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $633.0M | ||
| Q2 24 | $759.0M | $351.0M |
自由现金流率ETNLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 22.3% | — | ||
| Q3 25 | 16.8% | 16.1% | ||
| Q2 25 | 10.2% | 0.9% | ||
| Q1 25 | 1.4% | 4.9% | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 17.7% | 15.2% | ||
| Q2 24 | 12.0% | 8.5% |
资本支出强度ETNLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 5.6% | — | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 2.3% | 2.0% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 2.9% | 0.6% |
现金转化率ETNLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.34× | 1.82× | ||
| Q2 25 | 0.93× | 0.16× | ||
| Q1 25 | 0.25× | 1.05× | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.30× | 1.80× | ||
| Q2 24 | 0.95× | 1.16× |
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
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
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% |
