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亨廷顿·英格尔斯工业（HII）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是亨廷顿·英格尔斯工业的1.2倍（$4.2B vs $3.5B），Leidos净利率更高（7.8% vs 4.6%，领先3.2%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs -3.5%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $452.0M），过去两年亨廷顿·英格尔斯工业的营收复合增速更高（11.3% vs 3.1%）
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
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。
HII vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.2倍
$3.5B
营收增速更快
HII
高出19.2%
-3.5%
净利率更高
LDOS
高出3.2%
4.6%
自由现金流更多
HII
多$64.0M
$452.0M
两年增速更快
HII
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.2B |
| 净利润 | $159.0M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 4.9% | 11.3% |
| 净利率 | 4.6% | 7.8% |
| 营收同比 | 15.7% | -3.5% |
| 净利润同比 | 29.3% | 15.1% |
| 每股收益（稀释后） | $4.06 | $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HIILDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $3.5B | $4.4B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.1B | $4.2B | ||
| Q1 25 | $2.7B | $4.3B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.7B | $4.2B | ||
| Q2 24 | $3.0B | $4.1B |
净利润HIILDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $159.0M | $367.0M | ||
| Q3 25 | $145.0M | $391.0M | ||
| Q2 25 | $152.0M | $363.0M | ||
| Q1 25 | $149.0M | $284.0M | ||
| Q4 24 | $123.0M | — | ||
| Q3 24 | $101.0M | $364.0M | ||
| Q2 24 | $173.0M | $322.0M |
毛利率HIILDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 16.6% |
营业利润率HIILDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 4.9% | 12.0% | ||
| Q3 25 | 5.0% | 13.5% | ||
| Q2 25 | 5.3% | 12.5% | ||
| Q1 25 | 5.9% | 9.7% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.0% | 12.4% | ||
| Q2 24 | 6.3% | 11.6% |
净利率HIILDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 4.6% | 8.2% | ||
| Q3 25 | 4.5% | 9.2% | ||
| Q2 25 | 4.9% | 8.6% | ||
| Q1 25 | 5.4% | 6.5% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.7% | 8.7% | ||
| Q2 24 | 5.8% | 7.8% |
每股收益（稀释后）HIILDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $4.06 | $2.82 | ||
| Q3 25 | $3.68 | $3.01 | ||
| Q2 25 | $3.86 | $2.77 | ||
| Q1 25 | $3.79 | $2.10 | ||
| Q4 24 | $3.15 | — | ||
| Q3 24 | $2.56 | $2.68 | ||
| Q2 24 | $4.38 | $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 | — | $1.1B |
| 总债务越低越好 | $2.7B | $4.6B |
| 股东权益账面价值 | $5.1B | $4.9B |
| 总资产 | $12.7B | $13.5B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资HIILDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $974.0M | ||
| Q3 25 | — | $930.0M | ||
| Q2 25 | — | $842.0M | ||
| Q1 25 | — | $943.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $823.0M |
总债务HIILDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $2.7B | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益HIILDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $5.1B | $4.9B | ||
| Q3 25 | $5.0B | $4.7B | ||
| Q2 25 | $4.9B | $4.3B | ||
| Q1 25 | $4.8B | $4.4B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $4.2B | $4.5B |
总资产HIILDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $12.7B | $13.5B | ||
| Q3 25 | $12.3B | $13.5B | ||
| Q2 25 | $12.1B | $13.2B | ||
| Q1 25 | $12.1B | $13.1B | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $11.1B | $13.3B | ||
| Q2 24 | $11.3B | $12.9B |
负债/权益比HIILDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 0.53× | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 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 | $650.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $452.0M |
| 自由现金流率自由现金流/营收 | 14.8% | 10.8% |
| 资本支出强度资本支出/营收 | 3.9% | 1.0% |
| 现金转化率经营现金流/净利润 | 4.09× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $794.0M | — |
8季度趋势，按日历期对齐
经营现金流HIILDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $650.0M | — | ||
| Q3 25 | $118.0M | $711.0M | ||
| Q2 25 | $823.0M | $58.0M | ||
| Q1 25 | $-395.0M | $299.0M | ||
| Q4 24 | $391.0M | — | ||
| Q3 24 | $213.0M | $656.0M | ||
| Q2 24 | $-9.0M | $374.0M |
自由现金流HIILDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $516.0M | — | ||
| Q3 25 | $13.0M | $680.0M | ||
| Q2 25 | $727.0M | $36.0M | ||
| Q1 25 | $-462.0M | $213.0M | ||
| Q4 24 | $277.0M | — | ||
| Q3 24 | $125.0M | $633.0M | ||
| Q2 24 | $-99.0M | $351.0M |
自由现金流率HIILDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 14.8% | — | ||
| Q3 25 | 0.4% | 16.1% | ||
| Q2 25 | 23.6% | 0.9% | ||
| Q1 25 | -16.9% | 4.9% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 4.5% | 15.2% | ||
| Q2 24 | -3.3% | 8.5% |
资本支出强度HIILDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 3.0% | 0.6% |
现金转化率HIILDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 4.09× | — | ||
| Q3 25 | 0.81× | 1.82× | ||
| Q2 25 | 5.41× | 0.16× | ||
| Q1 25 | -2.65× | 1.05× | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.11× | 1.80× | ||
| Q2 24 | -0.05× | 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
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
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% |
