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通用磨坊（GIS）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
通用磨坊的季度营收约是Leidos的1.2倍（$4.9B vs $4.2B），通用磨坊净利率更高（8.5% vs 7.8%，领先0.7%），Leidos同比增速更快（-3.5% vs -7.2%），通用磨坊自由现金流更多（$675.7M vs $452.0M），过去两年Leidos的营收复合增速更高（3.1% vs -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
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。
GIS vs LDOS — 直观对比
营收规模更大
GIS
是对方的1.2倍
$4.2B
营收增速更快
LDOS
高出3.7%
-7.2%
净利率更高
GIS
高出0.7%
7.8%
自由现金流更多
GIS
多$223.7M
$452.0M
两年增速更快
LDOS
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $4.2B |
| 净利润 | $413.0M | $327.0M |
| 毛利率 | 34.8% | 17.4% |
| 营业利润率 | 15.0% | 11.3% |
| 净利率 | 8.5% | 7.8% |
| 营收同比 | -7.2% | -3.5% |
| 净利润同比 | -48.1% | 15.1% |
| 每股收益（稀释后） | $0.78 | $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GISLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $4.5B | $4.2B | ||
| Q2 25 | $4.6B | $4.2B | ||
| Q1 25 | $4.8B | $4.3B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $4.8B | $4.2B | ||
| Q2 24 | $4.7B | $4.1B |
净利润GISLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $413.0M | $367.0M | ||
| Q3 25 | $1.2B | $391.0M | ||
| Q2 25 | $294.0M | $363.0M | ||
| Q1 25 | $625.6M | $284.0M | ||
| Q4 24 | $795.7M | — | ||
| Q3 24 | $579.9M | $364.0M | ||
| Q2 24 | $557.5M | $322.0M |
毛利率GISLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | 34.8% | 18.0% | ||
| Q3 25 | 33.9% | 18.0% | ||
| Q2 25 | 32.4% | 17.5% | ||
| Q1 25 | 33.9% | 15.6% | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 34.8% | 17.8% | ||
| Q2 24 | 35.8% | 16.6% |
营业利润率GISLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 15.0% | 12.0% | ||
| Q3 25 | 38.2% | 13.5% | ||
| Q2 25 | 11.1% | 12.5% | ||
| Q1 25 | 18.4% | 9.7% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 17.2% | 12.4% | ||
| Q2 24 | 16.5% | 11.6% |
净利率GISLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 8.5% | 8.2% | ||
| Q3 25 | 26.7% | 9.2% | ||
| Q2 25 | 6.5% | 8.6% | ||
| Q1 25 | 12.9% | 6.5% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 12.0% | 8.7% | ||
| Q2 24 | 11.8% | 7.8% |
每股收益（稀释后）GISLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.78 | $2.82 | ||
| Q3 25 | $2.22 | $3.01 | ||
| Q2 25 | $0.53 | $2.77 | ||
| Q1 25 | $1.12 | $2.10 | ||
| Q4 24 | $1.42 | — | ||
| Q3 24 | $1.03 | $2.68 | ||
| Q2 24 | $0.98 | $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 | $683.4M | $1.1B |
| 总债务越低越好 | $12.2B | $4.6B |
| 股东权益账面价值 | $9.3B | $4.9B |
| 总资产 | $32.5B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资GISLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $683.4M | $974.0M | ||
| Q3 25 | $952.9M | $930.0M | ||
| Q2 25 | $363.9M | $842.0M | ||
| Q1 25 | $521.3M | $943.0M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $468.1M | $1.2B | ||
| Q2 24 | $418.0M | $823.0M |
总债务GISLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $12.2B | $4.6B | ||
| Q3 25 | $12.2B | $5.0B | ||
| Q2 25 | $12.7B | $5.0B | ||
| Q1 25 | $11.8B | $4.1B | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $11.4B | $4.1B | ||
| Q2 24 | $11.3B | $4.1B |
股东权益GISLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $9.3B | $4.9B | ||
| Q3 25 | $9.5B | $4.7B | ||
| Q2 25 | $9.2B | $4.3B | ||
| Q1 25 | $9.3B | $4.4B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.3B | $4.6B | ||
| Q2 24 | $9.4B | $4.5B |
总资产GISLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $32.5B | $13.5B | ||
| Q3 25 | $33.0B | $13.5B | ||
| Q2 25 | $33.1B | $13.2B | ||
| Q1 25 | $32.7B | $13.1B | ||
| Q4 24 | $33.4B | — | ||
| Q3 24 | $31.8B | $13.3B | ||
| Q2 24 | $31.5B | $12.9B |
负债/权益比GISLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 1.31× | 0.94× | ||
| Q3 25 | 1.29× | 1.07× | ||
| Q2 25 | 1.38× | 1.18× | ||
| Q1 25 | 1.28× | 0.92× | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.23× | 0.88× | ||
| Q2 24 | 1.20× | 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 | $819.3M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $675.7M | $452.0M |
| 自由现金流率自由现金流/营收 | 13.9% | 10.8% |
| 资本支出强度资本支出/营收 | 3.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流GISLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $819.3M | — | ||
| Q3 25 | $397.0M | $711.0M | ||
| Q2 25 | $611.6M | $58.0M | ||
| Q1 25 | $531.9M | $299.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $624.2M | $656.0M | ||
| Q2 24 | $863.7M | $374.0M |
自由现金流GISLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $675.7M | — | ||
| Q3 25 | $287.5M | $680.0M | ||
| Q2 25 | $391.4M | $36.0M | ||
| Q1 25 | $428.0M | $213.0M | ||
| Q4 24 | $989.6M | — | ||
| Q3 24 | $483.9M | $633.0M | ||
| Q2 24 | $575.2M | $351.0M |
自由现金流率GISLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 13.9% | — | ||
| Q3 25 | 6.4% | 16.1% | ||
| Q2 25 | 8.6% | 0.9% | ||
| Q1 25 | 8.8% | 4.9% | ||
| Q4 24 | 18.9% | — | ||
| Q3 24 | 10.0% | 15.2% | ||
| Q2 24 | 12.2% | 8.5% |
资本支出强度GISLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 4.8% | 0.5% | ||
| Q1 25 | 2.1% | 2.0% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 6.1% | 0.6% |
现金转化率GISLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 0.33× | 1.82× | ||
| Q2 25 | 2.08× | 0.16× | ||
| Q1 25 | 0.85× | 1.05× | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 1.08× | 1.80× | ||
| Q2 24 | 1.55× | 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
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 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% |
