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合众银行（FSBC）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是合众银行的1.0倍（$46.8M vs $45.1M），合众银行净利率更高（41.3% vs -34.9%，领先76.2%），过去两年TELOS CORP的营收复合增速更高（25.7% vs 21.3%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
FSBC vs TLS — 直观对比
营收规模更大
TLS
是对方的1.0倍
$45.1M
净利率更高
FSBC
高出76.2%
-34.9%
两年增速更快
TLS
近两年复合增速
21.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $46.8M |
| 净利润 | $18.6M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | — | -39.6% |
| 净利率 | 41.3% | -34.9% |
| 营收同比 | — | 77.4% |
| 净利润同比 | 42.0% | -74.8% |
| 每股收益（稀释后） | $0.87 | $-0.22 |
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FSBCTLS
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $46.8M | ||
| Q3 25 | $41.3M | $51.4M | ||
| Q2 25 | $38.3M | $36.0M | ||
| Q1 25 | $35.3M | $30.6M | ||
| Q4 24 | $35.2M | $26.4M | ||
| Q3 24 | $31.8M | $23.8M | ||
| Q2 24 | $30.7M | $28.5M |
净利润FSBCTLS
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $-16.3M | ||
| Q3 25 | $16.3M | $-2.1M | ||
| Q2 25 | $14.5M | $-9.5M | ||
| Q1 25 | $13.1M | $-8.6M | ||
| Q4 24 | $13.3M | $-9.3M | ||
| Q3 24 | $10.9M | $-28.1M | ||
| Q2 24 | $10.8M | $-7.8M |
毛利率FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% |
营业利润率FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | -39.6% | ||
| Q3 25 | 53.8% | -4.8% | ||
| Q2 25 | 52.4% | -27.5% | ||
| Q1 25 | 52.0% | -29.5% | ||
| Q4 24 | 55.1% | -37.6% | ||
| Q3 24 | 48.0% | -121.4% | ||
| Q2 24 | 49.4% | -30.3% |
净利率FSBCTLS
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | -34.9% | ||
| Q3 25 | 39.6% | -4.1% | ||
| Q2 25 | 37.9% | -26.5% | ||
| Q1 25 | 37.1% | -28.1% | ||
| Q4 24 | 37.9% | -35.4% | ||
| Q3 24 | 34.4% | -118.0% | ||
| Q2 24 | 35.2% | -27.2% |
每股收益（稀释后）FSBCTLS
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $-0.22 | ||
| Q3 25 | $0.77 | $-0.03 | ||
| Q2 25 | $0.68 | $-0.13 | ||
| Q1 25 | $0.62 | $-0.12 | ||
| Q4 24 | $0.61 | $-0.13 | ||
| Q3 24 | $0.52 | $-0.39 | ||
| Q2 24 | $0.51 | $-0.11 |
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 | $644.4M | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $458.5M | $96.0M |
| 总资产 | $5.0B | $139.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FSBCTLS
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M |
股东权益FSBCTLS
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $96.0M | ||
| Q3 25 | $431.3M | $119.7M | ||
| Q2 25 | $416.7M | $118.4M | ||
| Q1 25 | $406.5M | $126.1M | ||
| Q4 24 | $396.6M | $127.1M | ||
| Q3 24 | $389.9M | $129.5M | ||
| Q2 24 | $380.5M | $149.1M |
总资产FSBCTLS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $139.9M | ||
| Q3 25 | $4.6B | $164.3M | ||
| Q2 25 | $4.4B | $165.0M | ||
| Q1 25 | $4.2B | $158.1M | ||
| Q4 24 | $4.1B | $158.2M | ||
| Q3 24 | $3.9B | $166.3M | ||
| Q2 24 | $3.6B | $182.4M |
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 | — | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $8.0M | ||
| Q3 25 | $18.8M | $9.1M | ||
| Q2 25 | $17.8M | $7.0M | ||
| Q1 25 | $15.5M | $6.1M | ||
| Q4 24 | $51.8M | $-10.5M | ||
| Q3 24 | $17.5M | $-7.1M | ||
| Q2 24 | $16.0M | $-8.0M |
自由现金流FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $8.0M | ||
| Q3 25 | $18.6M | $8.7M | ||
| Q2 25 | $17.5M | $6.8M | ||
| Q1 25 | $15.4M | $6.0M | ||
| Q4 24 | $51.2M | $-12.4M | ||
| Q3 24 | $17.3M | $-7.1M | ||
| Q2 24 | $15.8M | $-8.2M |
自由现金流率FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 17.0% | ||
| Q3 25 | 45.0% | 16.9% | ||
| Q2 25 | 45.8% | 19.0% | ||
| Q1 25 | 43.5% | 19.5% | ||
| Q4 24 | 145.5% | -47.0% | ||
| Q3 24 | 54.5% | -30.0% | ||
| Q2 24 | 51.6% | -28.9% |
资本支出强度FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.1% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 1.8% | 7.1% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 0.7% | 0.8% |
现金转化率FSBCTLS
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.49× | — |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
