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ICAHN ENTERPRISES L.P.（IEP）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ICAHN ENTERPRISES L.P.的1.6倍（$4.2B vs $2.7B），Leidos净利率更高（7.8% vs 0.0%，领先7.8%），ICAHN ENTERPRISES L.P.同比增速更快（5.4% vs -3.5%），Leidos自由现金流更多（$452.0M vs $-496.0M），过去两年ICAHN ENTERPRISES L.P.的营收复合增速更高（4.5% vs 3.1%）
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
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。
IEP vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.6倍
$2.7B
营收增速更快
IEP
高出8.8%
-3.5%
净利率更高
LDOS
高出7.8%
0.0%
自由现金流更多
LDOS
多$948.0M
$-496.0M
两年增速更快
IEP
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.2B |
| 净利润 | $1.0M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 0.6% | 11.3% |
| 净利率 | 0.0% | 7.8% |
| 营收同比 | 5.4% | -3.5% |
| 净利润同比 | 101.0% | 15.1% |
| 每股收益（稀释后） | — | $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IEPLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $2.7B | $4.2B | ||
| Q2 25 | $2.4B | $4.2B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.8B | $4.2B | ||
| Q2 24 | $2.2B | $4.1B |
净利润IEPLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $1.0M | $367.0M | ||
| Q3 25 | $287.0M | $391.0M | ||
| Q2 25 | $-165.0M | $363.0M | ||
| Q1 25 | $-422.0M | $284.0M | ||
| Q4 24 | $-98.0M | — | ||
| Q3 24 | $22.0M | $364.0M | ||
| Q2 24 | $-331.0M | $322.0M |
毛利率IEPLDOS
| 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IEPLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 0.6% | 12.0% | ||
| Q3 25 | 19.7% | 13.5% | ||
| Q2 25 | -10.4% | 12.5% | ||
| Q1 25 | -35.0% | 9.7% | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | 2.4% | 12.4% | ||
| Q2 24 | -21.9% | 11.6% |
净利率IEPLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 0.0% | 8.2% | ||
| Q3 25 | 10.5% | 9.2% | ||
| Q2 25 | -7.0% | 8.6% | ||
| Q1 25 | -22.6% | 6.5% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | 0.8% | 8.7% | ||
| Q2 24 | -15.0% | 7.8% |
每股收益（稀释后）IEPLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | — | $2.82 | ||
| Q3 25 | — | $3.01 | ||
| Q2 25 | — | $2.77 | ||
| Q1 25 | — | $2.10 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.68 | ||
| Q2 24 | — | $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 | $1.4B | $1.1B |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | — | $4.9B |
| 总资产 | $14.2B | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资IEPLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.4B | $974.0M | ||
| Q3 25 | $1.8B | $930.0M | ||
| Q2 25 | $1.8B | $842.0M | ||
| Q1 25 | $2.2B | $943.0M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.2B | $823.0M |
总债务IEPLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益IEPLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.5B |
总资产IEPLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $14.2B | $13.5B | ||
| Q3 25 | $14.8B | $13.5B | ||
| Q2 25 | $14.8B | $13.2B | ||
| Q1 25 | $15.5B | $13.1B | ||
| Q4 24 | $16.3B | — | ||
| Q3 24 | $17.4B | $13.3B | ||
| Q2 24 | $18.0B | $12.9B |
负债/权益比IEPLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| 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 | $-421.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $-496.0M | $452.0M |
| 自由现金流率自由现金流/营收 | -18.4% | 10.8% |
| 资本支出强度资本支出/营收 | 2.8% | 1.0% |
| 现金转化率经营现金流/净利润 | -421.00× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $-654.0M | — |
8季度趋势，按日历期对齐
经营现金流IEPLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $-421.0M | — | ||
| Q3 25 | $15.0M | $711.0M | ||
| Q2 25 | $275.0M | $58.0M | ||
| Q1 25 | $-182.0M | $299.0M | ||
| Q4 24 | $244.0M | — | ||
| Q3 24 | $-54.0M | $656.0M | ||
| Q2 24 | $893.0M | $374.0M |
自由现金流IEPLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $-496.0M | — | ||
| Q3 25 | $-67.0M | $680.0M | ||
| Q2 25 | $179.0M | $36.0M | ||
| Q1 25 | $-270.0M | $213.0M | ||
| Q4 24 | $156.0M | — | ||
| Q3 24 | $-112.0M | $633.0M | ||
| Q2 24 | $827.0M | $351.0M |
自由现金流率IEPLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | -18.4% | — | ||
| Q3 25 | -2.5% | 16.1% | ||
| Q2 25 | 7.6% | 0.9% | ||
| Q1 25 | -14.5% | 4.9% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | -4.0% | 15.2% | ||
| Q2 24 | 37.6% | 8.5% |
资本支出强度IEPLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.0% | 0.7% | ||
| Q2 25 | 4.1% | 0.5% | ||
| Q1 25 | 4.7% | 2.0% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 3.0% | 0.6% |
现金转化率IEPLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | -421.00× | — | ||
| Q3 25 | 0.05× | 1.82× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.45× | 1.80× | ||
| Q2 24 | — | 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
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 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% |
