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Keurig Dr Pepper（KDP）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Keurig Dr Pepper的1.1倍（$4.2B vs $4.0B），Leidos净利率更高（7.8% vs 6.8%，领先1.0%），Keurig Dr Pepper同比增速更快（9.4% vs -3.5%），Leidos自由现金流更多（$452.0M vs $184.0M），过去两年Leidos的营收复合增速更高（3.1% vs 0.7%）
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
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。
KDP vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.1倍
$4.0B
营收增速更快
KDP
高出12.9%
-3.5%
净利率更高
LDOS
高出1.0%
6.8%
自由现金流更多
LDOS
多$268.0M
$184.0M
两年增速更快
LDOS
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.2B |
| 净利润 | $270.0M | $327.0M |
| 毛利率 | 52.8% | 17.4% |
| 营业利润率 | 19.0% | 11.3% |
| 净利率 | 6.8% | 7.8% |
| 营收同比 | 9.4% | -3.5% |
| 净利润同比 | -47.8% | 15.1% |
| 每股收益（稀释后） | $0.20 | $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KDPLDOS
| Q1 26 | $4.0B | $4.2B | ||
| Q4 25 | $4.5B | $4.4B | ||
| Q3 25 | $4.3B | $4.2B | ||
| Q2 25 | $4.2B | $4.2B | ||
| Q1 25 | $3.6B | $4.3B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $4.2B | ||
| Q2 24 | $3.9B | $4.1B |
净利润KDPLDOS
| Q1 26 | $270.0M | $327.0M | ||
| Q4 25 | $353.0M | $367.0M | ||
| Q3 25 | $662.0M | $391.0M | ||
| Q2 25 | $547.0M | $363.0M | ||
| Q1 25 | $517.0M | $284.0M | ||
| Q4 24 | $-144.0M | — | ||
| Q3 24 | $616.0M | $364.0M | ||
| Q2 24 | $515.0M | $322.0M |
毛利率KDPLDOS
| Q1 26 | 52.8% | 17.4% | ||
| Q4 25 | 53.8% | 18.0% | ||
| Q3 25 | 54.3% | 18.0% | ||
| Q2 25 | 54.2% | 17.5% | ||
| Q1 25 | 54.6% | 15.6% | ||
| Q4 24 | 55.9% | — | ||
| Q3 24 | 55.0% | 17.8% | ||
| Q2 24 | 55.4% | 16.6% |
营业利润率KDPLDOS
| Q1 26 | 19.0% | 11.3% | ||
| Q4 25 | 19.6% | 12.0% | ||
| Q3 25 | 23.1% | 13.5% | ||
| Q2 25 | 21.6% | 12.5% | ||
| Q1 25 | 22.0% | 9.7% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 23.2% | 12.4% | ||
| Q2 24 | 22.0% | 11.6% |
净利率KDPLDOS
| Q1 26 | 6.8% | 7.8% | ||
| Q4 25 | 7.8% | 8.2% | ||
| Q3 25 | 15.4% | 9.2% | ||
| Q2 25 | 13.1% | 8.6% | ||
| Q1 25 | 14.2% | 6.5% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | 15.8% | 8.7% | ||
| Q2 24 | 13.1% | 7.8% |
每股收益（稀释后）KDPLDOS
| Q1 26 | $0.20 | $2.54 | ||
| Q4 25 | $0.26 | $2.82 | ||
| Q3 25 | $0.49 | $3.01 | ||
| Q2 25 | $0.40 | $2.77 | ||
| Q1 25 | $0.38 | $2.10 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.45 | $2.68 | ||
| Q2 24 | $0.38 | $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 | $898.0M | $1.1B |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $25.3B | $4.9B |
| 总资产 | $73.1B | $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KDPLDOS
| Q1 26 | $898.0M | $1.1B | ||
| Q4 25 | $1.0B | $974.0M | ||
| Q3 25 | $516.0M | $930.0M | ||
| Q2 25 | $509.0M | $842.0M | ||
| Q1 25 | $653.0M | $943.0M | ||
| Q4 24 | $510.0M | — | ||
| Q3 24 | $552.0M | $1.2B | ||
| Q2 24 | $438.0M | $823.0M |
总债务KDPLDOS
| 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KDPLDOS
| Q1 26 | $25.3B | $4.9B | ||
| Q4 25 | $25.5B | $4.9B | ||
| Q3 25 | $25.3B | $4.7B | ||
| Q2 25 | $25.0B | $4.3B | ||
| Q1 25 | $24.4B | $4.4B | ||
| Q4 24 | $24.2B | — | ||
| Q3 24 | $25.0B | $4.6B | ||
| Q2 24 | $24.7B | $4.5B |
总资产KDPLDOS
| Q1 26 | $73.1B | $13.5B | ||
| Q4 25 | $55.5B | $13.5B | ||
| Q3 25 | $54.6B | $13.5B | ||
| Q2 25 | $54.4B | $13.2B | ||
| Q1 25 | $53.7B | $13.1B | ||
| Q4 24 | $53.4B | — | ||
| Q3 24 | $52.7B | $13.3B | ||
| Q2 24 | $52.3B | $12.9B |
负债/权益比KDPLDOS
| 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 | $281.0M | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $452.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 10.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 1.04× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流KDPLDOS
| Q1 26 | $281.0M | $495.0M | ||
| Q4 25 | $712.0M | — | ||
| Q3 25 | $639.0M | $711.0M | ||
| Q2 25 | $431.0M | $58.0M | ||
| Q1 25 | $209.0M | $299.0M | ||
| Q4 24 | $849.0M | — | ||
| Q3 24 | $628.0M | $656.0M | ||
| Q2 24 | $657.0M | $374.0M |
自由现金流KDPLDOS
| Q1 26 | $184.0M | $452.0M | ||
| Q4 25 | $564.0M | — | ||
| Q3 25 | $527.0M | $680.0M | ||
| Q2 25 | $325.0M | $36.0M | ||
| Q1 25 | $89.0M | $213.0M | ||
| Q4 24 | $684.0M | — | ||
| Q3 24 | $503.0M | $633.0M | ||
| Q2 24 | $542.0M | $351.0M |
自由现金流率KDPLDOS
| Q1 26 | 4.6% | 10.8% | ||
| Q4 25 | 12.5% | — | ||
| Q3 25 | 12.2% | 16.1% | ||
| Q2 25 | 7.8% | 0.9% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 12.9% | 15.2% | ||
| Q2 24 | 13.8% | 8.5% |
资本支出强度KDPLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.6% | 0.7% | ||
| Q2 25 | 2.5% | 0.5% | ||
| Q1 25 | 3.3% | 2.0% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 2.9% | 0.6% |
现金转化率KDPLDOS
| Q1 26 | 1.04× | 1.51× | ||
| Q4 25 | 2.02× | — | ||
| Q3 25 | 0.97× | 1.82× | ||
| Q2 25 | 0.79× | 0.16× | ||
| Q1 25 | 0.40× | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.02× | 1.80× | ||
| Q2 24 | 1.28× | 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
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
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% |
