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勤达睿（KD）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是勤达睿的1.1倍（$4.2B vs $3.9B），Leidos净利率更高（7.8% vs 1.5%，领先6.3%），勤达睿同比增速更快（3.1% vs -3.5%），Leidos自由现金流更多（$452.0M vs $208.0M），过去两年Leidos的营收复合增速更高（3.1% vs 0.1%）
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
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。
KD vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.1倍
$3.9B
营收增速更快
KD
高出6.6%
-3.5%
净利率更高
LDOS
高出6.3%
1.5%
自由现金流更多
LDOS
多$244.0M
$208.0M
两年增速更快
LDOS
近两年复合增速
0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.2B |
| 净利润 | $57.0M | $327.0M |
| 毛利率 | 21.8% | 17.4% |
| 营业利润率 | 2.4% | 11.3% |
| 净利率 | 1.5% | 7.8% |
| 营收同比 | 3.1% | -3.5% |
| 净利润同比 | -73.5% | 15.1% |
| 每股收益（稀释后） | $0.25 | $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KDLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | $3.7B | $4.2B | ||
| Q2 25 | $3.7B | $4.2B | ||
| Q1 25 | $3.8B | $4.3B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.8B | $4.2B | ||
| Q2 24 | $3.7B | $4.1B |
净利润KDLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $57.0M | $367.0M | ||
| Q3 25 | $68.0M | $391.0M | ||
| Q2 25 | $56.0M | $363.0M | ||
| Q1 25 | $69.0M | $284.0M | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $-43.0M | $364.0M | ||
| Q2 24 | $11.0M | $322.0M |
毛利率KDLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | 21.8% | 18.0% | ||
| Q3 25 | 21.5% | 18.0% | ||
| Q2 25 | 21.3% | 17.5% | ||
| Q1 25 | 21.7% | 15.6% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | 17.8% | ||
| Q2 24 | 21.5% | 16.6% |
营业利润率KDLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 2.4% | 12.0% | ||
| Q3 25 | 2.6% | 13.5% | ||
| Q2 25 | 2.5% | 12.5% | ||
| Q1 25 | 3.1% | 9.7% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | -0.1% | 12.4% | ||
| Q2 24 | 1.7% | 11.6% |
净利率KDLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 1.5% | 8.2% | ||
| Q3 25 | 1.8% | 9.2% | ||
| Q2 25 | 1.5% | 8.6% | ||
| Q1 25 | 1.8% | 6.5% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | -1.1% | 8.7% | ||
| Q2 24 | 0.3% | 7.8% |
每股收益（稀释后）KDLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.25 | $2.82 | ||
| Q3 25 | $0.29 | $3.01 | ||
| Q2 25 | $0.23 | $2.77 | ||
| Q1 25 | $0.30 | $2.10 | ||
| Q4 24 | $0.89 | — | ||
| Q3 24 | $-0.19 | $2.68 | ||
| Q2 24 | $0.05 | $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 | $1.3B | $1.1B |
| 总债务越低越好 | $2.3B | $4.6B |
| 股东权益账面价值 | $1.2B | $4.9B |
| 总资产 | $11.3B | $13.5B |
| 负债/权益比越低杠杆越低 | 1.92× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资KDLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.3B | $974.0M | ||
| Q3 25 | $1.3B | $930.0M | ||
| Q2 25 | $1.5B | $842.0M | ||
| Q1 25 | $1.8B | $943.0M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $823.0M |
总债务KDLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | $2.3B | $4.6B | ||
| Q3 25 | $3.0B | $5.0B | ||
| Q2 25 | $3.0B | $5.0B | ||
| Q1 25 | $3.0B | $4.1B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | $4.1B | ||
| Q2 24 | $3.1B | $4.1B |
股东权益KDLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $1.2B | $4.9B | ||
| Q3 25 | $1.2B | $4.7B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.2B | $4.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $996.0M | $4.5B |
总资产KDLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $11.3B | $13.5B | ||
| Q3 25 | $11.2B | $13.5B | ||
| Q2 25 | $11.5B | $13.2B | ||
| Q1 25 | $10.5B | $13.1B | ||
| Q4 24 | $9.9B | — | ||
| Q3 24 | $10.4B | $13.3B | ||
| Q2 24 | $10.2B | $12.9B |
负债/权益比KDLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | 1.92× | 0.94× | ||
| Q3 25 | 2.45× | 1.07× | ||
| Q2 25 | 2.44× | 1.18× | ||
| Q1 25 | 2.50× | 0.92× | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 2.92× | 0.88× | ||
| Q2 24 | 3.12× | 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 | $428.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $208.0M | $452.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 10.8% |
| 资本支出强度资本支出/营收 | 5.7% | 1.0% |
| 现金转化率经营现金流/净利润 | 7.51× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $299.0M | — |
8季度趋势，按日历期对齐
经营现金流KDLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $428.0M | — | ||
| Q3 25 | $146.0M | $711.0M | ||
| Q2 25 | $-124.0M | $58.0M | ||
| Q1 25 | $581.0M | $299.0M | ||
| Q4 24 | $260.0M | — | ||
| Q3 24 | $149.0M | $656.0M | ||
| Q2 24 | $-48.0M | $374.0M |
自由现金流KDLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $208.0M | — | ||
| Q3 25 | $17.0M | $680.0M | ||
| Q2 25 | $-267.0M | $36.0M | ||
| Q1 25 | $341.0M | $213.0M | ||
| Q4 24 | $151.0M | — | ||
| Q3 24 | $15.0M | $633.0M | ||
| Q2 24 | $-170.0M | $351.0M |
自由现金流率KDLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 0.5% | 16.1% | ||
| Q2 25 | -7.1% | 0.9% | ||
| Q1 25 | 9.0% | 4.9% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 0.4% | 15.2% | ||
| Q2 24 | -4.5% | 8.5% |
资本支出强度KDLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.5% | 0.7% | ||
| Q2 25 | 3.8% | 0.5% | ||
| Q1 25 | 6.3% | 2.0% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.6% | 0.6% | ||
| Q2 24 | 3.3% | 0.6% |
现金转化率KDLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 7.51× | — | ||
| Q3 25 | 2.15× | 1.82× | ||
| Q2 25 | -2.21× | 0.16× | ||
| Q1 25 | 8.42× | 1.05× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | — | 1.80× | ||
| Q2 24 | -4.36× | 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
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
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% |
