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勤达睿（KD）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
勤达睿的季度营收约是帕森斯公司的2.4倍（$3.9B vs $1.6B）。帕森斯公司净利率更高（3.5% vs 1.5%，领先2.0%）。勤达睿同比增速更快（3.1% vs -7.5%）。勤达睿自由现金流更多（$208.0M vs $135.6M）。过去两年帕森斯公司的营收复合增速更高（2.2% 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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
KD vs PSN — 直观对比
营收规模更大
KD
是对方的2.4倍
$1.6B
营收增速更快
KD
高出10.6%
-7.5%
净利率更高
PSN
高出2.0%
1.5%
自由现金流更多
KD
多$72.4M
$135.6M
两年增速更快
PSN
近两年复合增速
0.1%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $1.6B |
| 净利润 | $57.0M | $55.6M |
| 毛利率 | 21.8% | 23.0% |
| 营业利润率 | 2.4% | 6.6% |
| 净利率 | 1.5% | 3.5% |
| 营收同比 | 3.1% | -7.5% |
| 净利润同比 | -73.5% | -72.4% |
| 每股收益（稀释后） | $0.25 | $0.51 |
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KDPSN
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $3.7B | $1.6B | ||
| Q2 25 | $3.7B | $1.6B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $3.8B | $1.8B | ||
| Q2 24 | $3.7B | $1.7B | ||
| Q1 24 | $3.9B | $1.5B |
净利润KDPSN
| Q4 25 | $57.0M | $55.6M | ||
| Q3 25 | $68.0M | $64.1M | ||
| Q2 25 | $56.0M | $55.2M | ||
| Q1 25 | $69.0M | $66.2M | ||
| Q4 24 | $215.0M | $201.3M | ||
| Q3 24 | $-43.0M | $72.0M | ||
| Q2 24 | $11.0M | $69.2M | ||
| Q1 24 | $-45.0M | $-107.4M |
毛利率KDPSN
| Q4 25 | 21.8% | 23.0% | ||
| Q3 25 | 21.5% | 22.2% | ||
| Q2 25 | 21.3% | 22.0% | ||
| Q1 25 | 21.7% | 22.8% | ||
| Q4 24 | 20.4% | 21.3% | ||
| Q3 24 | 19.9% | 19.9% | ||
| Q2 24 | 21.5% | 21.0% | ||
| Q1 24 | 18.6% | 21.2% |
营业利润率KDPSN
| Q4 25 | 2.4% | 6.6% | ||
| Q3 25 | 2.6% | 6.7% | ||
| Q2 25 | 2.5% | 6.0% | ||
| Q1 25 | 3.1% | 7.0% | ||
| Q4 24 | 6.9% | 5.8% | ||
| Q3 24 | -0.1% | 6.4% | ||
| Q2 24 | 1.7% | 6.7% | ||
| Q1 24 | -0.1% | 6.6% |
净利率KDPSN
| Q4 25 | 1.5% | 3.5% | ||
| Q3 25 | 1.8% | 4.0% | ||
| Q2 25 | 1.5% | 3.5% | ||
| Q1 25 | 1.8% | 4.3% | ||
| Q4 24 | 5.7% | 11.6% | ||
| Q3 24 | -1.1% | 4.0% | ||
| Q2 24 | 0.3% | 4.1% | ||
| Q1 24 | -1.2% | -7.0% |
每股收益（稀释后）KDPSN
| Q4 25 | $0.25 | $0.51 | ||
| Q3 25 | $0.29 | $0.59 | ||
| Q2 25 | $0.23 | $0.50 | ||
| Q1 25 | $0.30 | $0.60 | ||
| Q4 24 | $0.89 | $1.85 | ||
| Q3 24 | $-0.19 | $0.65 | ||
| Q2 24 | $0.05 | $0.63 | ||
| Q1 24 | $-0.19 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | $2.3B | $1.2B |
| 股东权益账面价值 | $1.2B | $2.6B |
| 总资产 | $11.3B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.92× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资KDPSN
| Q4 25 | $1.3B | $466.4M | ||
| Q3 25 | $1.3B | $422.6M | ||
| Q2 25 | $1.5B | $411.3M | ||
| Q1 25 | $1.8B | $269.7M | ||
| Q4 24 | $1.5B | $453.5M | ||
| Q3 24 | $1.3B | $558.8M | ||
| Q2 24 | $1.3B | $528.5M | ||
| Q1 24 | $1.6B | $423.1M |
总债务KDPSN
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.0B | $785.2M | ||
| Q4 24 | $3.1B | $784.1M | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.1B | $1.2B | ||
| Q1 24 | $3.1B | $1.2B |
股东权益KDPSN
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $996.0M | $2.2B | ||
| Q1 24 | $1.0B | $2.1B |
总资产KDPSN
| Q4 25 | $11.3B | $5.8B | ||
| Q3 25 | $11.2B | $5.7B | ||
| Q2 25 | $11.5B | $5.7B | ||
| Q1 25 | $10.5B | $5.4B | ||
| Q4 24 | $9.9B | $5.5B | ||
| Q3 24 | $10.4B | $5.4B | ||
| Q2 24 | $10.2B | $5.2B | ||
| Q1 24 | $10.6B | $5.1B |
负债/权益比KDPSN
| Q4 25 | 1.92× | 0.47× | ||
| Q3 25 | 2.45× | 0.48× | ||
| Q2 25 | 2.44× | 0.49× | ||
| Q1 25 | 2.50× | 0.32× | ||
| Q4 24 | 2.81× | 0.32× | ||
| Q3 24 | 2.92× | 0.49× | ||
| Q2 24 | 3.12× | 0.56× | ||
| Q1 24 | 3.07× | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $208.0M | $135.6M |
| 自由现金流率自由现金流/营收 | 5.4% | 8.5% |
| 资本支出强度资本支出/营收 | 5.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 7.51× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $299.0M | $410.4M |
8季度趋势，按日历期对齐
经营现金流KDPSN
| Q4 25 | $428.0M | $167.5M | ||
| Q3 25 | $146.0M | $162.8M | ||
| Q2 25 | $-124.0M | $159.8M | ||
| Q1 25 | $581.0M | $-11.8M | ||
| Q4 24 | $260.0M | $126.8M | ||
| Q3 24 | $149.0M | $299.0M | ||
| Q2 24 | $-48.0M | $161.2M | ||
| Q1 24 | $145.0M | $-63.4M |
自由现金流KDPSN
| Q4 25 | $208.0M | $135.6M | ||
| Q3 25 | $17.0M | $149.7M | ||
| Q2 25 | $-267.0M | $150.4M | ||
| Q1 25 | $341.0M | $-25.3M | ||
| Q4 24 | $151.0M | $108.0M | ||
| Q3 24 | $15.0M | $287.3M | ||
| Q2 24 | $-170.0M | $152.0M | ||
| Q1 24 | $-57.0M | $-72.9M |
自由现金流率KDPSN
| Q4 25 | 5.4% | 8.5% | ||
| Q3 25 | 0.5% | 9.2% | ||
| Q2 25 | -7.1% | 9.5% | ||
| Q1 25 | 9.0% | -1.6% | ||
| Q4 24 | 4.0% | 6.2% | ||
| Q3 24 | 0.4% | 15.9% | ||
| Q2 24 | -4.5% | 9.1% | ||
| Q1 24 | -1.5% | -4.7% |
资本支出强度KDPSN
| Q4 25 | 5.7% | 2.0% | ||
| Q3 25 | 3.5% | 0.8% | ||
| Q2 25 | 3.8% | 0.6% | ||
| Q1 25 | 6.3% | 0.9% | ||
| Q4 24 | 2.9% | 1.1% | ||
| Q3 24 | 3.6% | 0.6% | ||
| Q2 24 | 3.3% | 0.6% | ||
| Q1 24 | 5.2% | 0.6% |
现金转化率KDPSN
| Q4 25 | 7.51× | 3.01× | ||
| Q3 25 | 2.15× | 2.54× | ||
| Q2 25 | -2.21× | 2.89× | ||
| Q1 25 | 8.42× | -0.18× | ||
| Q4 24 | 1.21× | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | -4.36× | 2.33× | ||
| Q1 24 | — | — |
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
