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勤达睿（KD）与LINCOLN NATIONAL CORP（LNC）财务数据对比。点击上方公司名可切换其他公司
LINCOLN NATIONAL CORP的季度营收约是勤达睿的1.3倍（$4.9B vs $3.9B），LINCOLN NATIONAL CORP净利率更高（15.3% vs 1.5%，领先13.9%），勤达睿同比增速更快（3.1% vs -2.8%），过去两年LINCOLN NATIONAL CORP的营收复合增速更高（9.4% 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。
林肯国民公司是美国财富200强控股企业，通过旗下多家子公司开展保险、投资管理等多元金融业务，“林肯金融集团”是该公司及其所有子公司共同使用的市场推广品牌名称。
KD vs LNC — 直观对比
营收规模更大
LNC
是对方的1.3倍
$3.9B
营收增速更快
KD
高出5.8%
-2.8%
净利率更高
LNC
高出13.9%
1.5%
两年增速更快
LNC
近两年复合增速
0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.9B |
| 净利润 | $57.0M | $755.0M |
| 毛利率 | 21.8% | — |
| 营业利润率 | 2.4% | 18.6% |
| 净利率 | 1.5% | 15.3% |
| 营收同比 | 3.1% | -2.8% |
| 净利润同比 | -73.5% | -55.2% |
| 每股收益（稀释后） | $0.25 | $4.32 |
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KDLNC
| Q4 25 | $3.9B | $4.9B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.7B | $4.0B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $3.7B | $5.1B | ||
| Q3 24 | $3.8B | $4.1B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $3.9B | $4.1B |
净利润KDLNC
| Q4 25 | $57.0M | $755.0M | ||
| Q3 25 | $68.0M | $445.0M | ||
| Q2 25 | $56.0M | $699.0M | ||
| Q1 25 | $69.0M | $-722.0M | ||
| Q4 24 | $215.0M | $1.7B | ||
| Q3 24 | $-43.0M | $-528.0M | ||
| Q2 24 | $11.0M | $895.0M | ||
| Q1 24 | $-45.0M | $1.2B |
毛利率KDLNC
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.5% | — | ||
| Q1 24 | 18.6% | — |
营业利润率KDLNC
| Q4 25 | 2.4% | 18.6% | ||
| Q3 25 | 2.6% | 11.5% | ||
| Q2 25 | 2.5% | 21.0% | ||
| Q1 25 | 3.1% | -20.2% | ||
| Q4 24 | 6.9% | 41.5% | ||
| Q3 24 | -0.1% | -17.1% | ||
| Q2 24 | 1.7% | 21.3% | ||
| Q1 24 | -0.1% | 37.1% |
净利率KDLNC
| Q4 25 | 1.5% | 15.3% | ||
| Q3 25 | 1.8% | 9.8% | ||
| Q2 25 | 1.5% | 17.3% | ||
| Q1 25 | 1.8% | -15.4% | ||
| Q4 24 | 5.7% | 33.3% | ||
| Q3 24 | -1.1% | -12.8% | ||
| Q2 24 | 0.3% | 17.4% | ||
| Q1 24 | -1.2% | 29.7% |
每股收益（稀释后）KDLNC
| Q4 25 | $0.25 | $4.32 | ||
| Q3 25 | $0.29 | $2.12 | ||
| Q2 25 | $0.23 | $3.80 | ||
| Q1 25 | $0.30 | $-4.41 | ||
| Q4 24 | $0.89 | $9.66 | ||
| Q3 24 | $-0.19 | $-3.29 | ||
| Q2 24 | $0.05 | $5.11 | ||
| Q1 24 | $-0.19 | $6.93 |
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 | — |
| 总债务越低越好 | $2.3B | $6.3B |
| 股东权益账面价值 | $1.2B | $10.9B |
| 总资产 | $11.3B | $417.2B |
| 负债/权益比越低杠杆越低 | 1.92× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资KDLNC
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.6B | — |
总债务KDLNC
| Q4 25 | $2.3B | $6.3B | ||
| Q3 25 | $3.0B | $5.8B | ||
| Q2 25 | $3.0B | $5.8B | ||
| Q1 25 | $3.0B | $5.9B | ||
| Q4 24 | $3.1B | $6.1B | ||
| Q3 24 | $3.1B | $5.9B | ||
| Q2 24 | $3.1B | $5.7B | ||
| Q1 24 | $3.1B | $5.7B |
股东权益KDLNC
| Q4 25 | $1.2B | $10.9B | ||
| Q3 25 | $1.2B | $10.5B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.2B | $8.2B | ||
| Q4 24 | $1.1B | $8.3B | ||
| Q3 24 | $1.1B | $9.0B | ||
| Q2 24 | $996.0M | $7.9B | ||
| Q1 24 | $1.0B | $7.5B |
总资产KDLNC
| Q4 25 | $11.3B | $417.2B | ||
| Q3 25 | $11.2B | $415.3B | ||
| Q2 25 | $11.5B | $399.1B | ||
| Q1 25 | $10.5B | $382.9B | ||
| Q4 24 | $9.9B | $390.8B | ||
| Q3 24 | $10.4B | $396.8B | ||
| Q2 24 | $10.2B | $384.5B | ||
| Q1 24 | $10.6B | $383.4B |
负债/权益比KDLNC
| Q4 25 | 1.92× | 0.57× | ||
| Q3 25 | 2.45× | 0.55× | ||
| Q2 25 | 2.44× | 0.60× | ||
| Q1 25 | 2.50× | 0.72× | ||
| Q4 24 | 2.81× | 0.74× | ||
| Q3 24 | 2.92× | 0.65× | ||
| Q2 24 | 3.12× | 0.72× | ||
| Q1 24 | 3.07× | 0.76× |
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 | $233.0M |
| 自由现金流经营现金流 - 资本支出 | $208.0M | — |
| 自由现金流率自由现金流/营收 | 5.4% | — |
| 资本支出强度资本支出/营收 | 5.7% | — |
| 现金转化率经营现金流/净利润 | 7.51× | 0.31× |
| 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KDLNC
| Q4 25 | $428.0M | $233.0M | ||
| Q3 25 | $146.0M | $-1.1B | ||
| Q2 25 | $-124.0M | $1.0B | ||
| Q1 25 | $581.0M | $-272.0M | ||
| Q4 24 | $260.0M | $222.0M | ||
| Q3 24 | $149.0M | $-27.0M | ||
| Q2 24 | $-48.0M | $-859.0M | ||
| Q1 24 | $145.0M | $-1.3B |
自由现金流KDLNC
| Q4 25 | $208.0M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $-267.0M | — | ||
| Q1 25 | $341.0M | — | ||
| Q4 24 | $151.0M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-170.0M | — | ||
| Q1 24 | $-57.0M | — |
自由现金流率KDLNC
| Q4 25 | 5.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -7.1% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -4.5% | — | ||
| Q1 24 | -1.5% | — |
资本支出强度KDLNC
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 5.2% | — |
现金转化率KDLNC
| Q4 25 | 7.51× | 0.31× | ||
| Q3 25 | 2.15× | -2.56× | ||
| Q2 25 | -2.21× | 1.45× | ||
| Q1 25 | 8.42× | — | ||
| Q4 24 | 1.21× | 0.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.36× | -0.96× | ||
| Q1 24 | — | -1.10× |
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% |
LNC
| Life Segment | $1.6B | 33% |
| Group Protection Segment | $1.5B | 31% |
| Annuities Segment | $1.3B | 27% |
| Other | $435.0M | 9% |
