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Loews Corporation（L）与MAXIMUS, INC.（MMS）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是Loews Corporation的1.6倍（$1.3B vs $827.0M），Loews Corporation净利率更高（48.6% vs 7.0%，领先41.6%），Loews Corporation同比增速更快（4.8% vs -4.1%），Loews Corporation自由现金流更多（$426.0M vs $-250.7M），过去两年Loews Corporation的营收复合增速更高（7.9% vs -0.1%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
L vs MMS — 直观对比
营收规模更大
MMS
是对方的1.6倍
$827.0M
营收增速更快
L
高出8.9%
-4.1%
净利率更高
L
高出41.6%
7.0%
自由现金流更多
L
多$676.7M
$-250.7M
两年增速更快
L
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $1.3B |
| 净利润 | $402.0M | $93.9M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 65.4% | 10.9% |
| 净利率 | 48.6% | 7.0% |
| 营收同比 | 4.8% | -4.1% |
| 净利润同比 | 115.0% | 128.0% |
| 每股收益（稀释后） | $1.93 | $1.70 |
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LMMS
| Q4 25 | $827.0M | $1.3B | ||
| Q3 25 | $732.0M | $1.3B | ||
| Q2 25 | $769.0M | $1.3B | ||
| Q1 25 | $846.0M | $1.4B | ||
| Q4 24 | $789.0M | $1.4B | ||
| Q3 24 | $683.0M | $1.3B | ||
| Q2 24 | $711.0M | $1.3B | ||
| Q1 24 | $710.0M | $1.3B |
净利润LMMS
| Q4 25 | $402.0M | $93.9M | ||
| Q3 25 | $504.0M | $75.3M | ||
| Q2 25 | $391.0M | $106.0M | ||
| Q1 25 | $370.0M | $96.6M | ||
| Q4 24 | $187.0M | $41.2M | ||
| Q3 24 | $401.0M | $72.5M | ||
| Q2 24 | $369.0M | $89.8M | ||
| Q1 24 | $457.0M | $80.5M |
毛利率LMMS
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 25.3% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 23.6% |
营业利润率LMMS
| Q4 25 | 65.4% | 10.9% | ||
| Q3 25 | 94.1% | 9.3% | ||
| Q2 25 | 70.1% | 12.3% | ||
| Q1 25 | 60.8% | 11.2% | ||
| Q4 24 | 23.8% | 6.2% | ||
| Q3 24 | 80.5% | 8.5% | ||
| Q2 24 | 71.3% | 10.8% | ||
| Q1 24 | 88.6% | 9.5% |
净利率LMMS
| Q4 25 | 48.6% | 7.0% | ||
| Q3 25 | 68.9% | 5.7% | ||
| Q2 25 | 50.8% | 7.9% | ||
| Q1 25 | 43.7% | 7.1% | ||
| Q4 24 | 23.7% | 2.9% | ||
| Q3 24 | 58.7% | 5.5% | ||
| Q2 24 | 51.9% | 6.8% | ||
| Q1 24 | 64.4% | 6.0% |
每股收益（稀释后）LMMS
| Q4 25 | $1.93 | $1.70 | ||
| Q3 25 | $2.43 | $1.27 | ||
| Q2 25 | $1.87 | $1.86 | ||
| Q1 25 | $1.74 | $1.69 | ||
| Q4 24 | $0.87 | $0.69 | ||
| Q3 24 | $1.82 | $1.18 | ||
| Q2 24 | $1.67 | $1.46 | ||
| Q1 24 | $2.05 | $1.31 |
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 | $6.0B | $137.6M |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $18.7B | $1.7B |
| 总资产 | $86.3B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资LMMS
| Q4 25 | $6.0B | $137.6M | ||
| Q3 25 | $5.4B | $222.4M | ||
| Q2 25 | $4.5B | $59.8M | ||
| Q1 25 | $4.4B | $108.1M | ||
| Q4 24 | $4.6B | $72.7M | ||
| Q3 24 | $5.2B | $183.1M | ||
| Q2 24 | $4.9B | $102.8M | ||
| Q1 24 | $5.4B | $77.4M |
总债务LMMS
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.4B | — |
股东权益LMMS
| Q4 25 | $18.7B | $1.7B | ||
| Q3 25 | $18.3B | $1.7B | ||
| Q2 25 | $17.5B | $1.8B | ||
| Q1 25 | $17.2B | $1.7B | ||
| Q4 24 | $17.1B | $1.6B | ||
| Q3 24 | $17.4B | $1.8B | ||
| Q2 24 | $16.4B | $1.8B | ||
| Q1 24 | $16.2B | $1.8B |
总资产LMMS
| Q4 25 | $86.3B | $4.2B | ||
| Q3 25 | $85.9B | $4.1B | ||
| Q2 25 | $84.7B | $4.5B | ||
| Q1 25 | $83.1B | $4.2B | ||
| Q4 24 | $81.9B | $4.1B | ||
| Q3 24 | $83.6B | $4.1B | ||
| Q2 24 | $81.1B | $4.0B | ||
| Q1 24 | $80.9B | $4.0B |
负债/权益比LMMS
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.52× | — |
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 | $617.0M | $-244.4M |
| 自由现金流经营现金流 - 资本支出 | $426.0M | $-250.7M |
| 自由现金流率自由现金流/营收 | 51.5% | -18.6% |
| 资本支出强度资本支出/营收 | 23.1% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.53× | -2.60× |
| 过去12个月自由现金流最近4个季度 | $2.7B | $218.5M |
8季度趋势，按日历期对齐
经营现金流LMMS
| Q4 25 | $617.0M | $-244.4M | ||
| Q3 25 | $920.0M | $649.4M | ||
| Q2 25 | $1.0B | $-182.7M | ||
| Q1 25 | $736.0M | $42.7M | ||
| Q4 24 | $941.0M | $-80.0M | ||
| Q3 24 | $934.0M | $163.8M | ||
| Q2 24 | $952.0M | $199.3M | ||
| Q1 24 | $198.0M | $130.5M |
自由现金流LMMS
| Q4 25 | $426.0M | $-250.7M | ||
| Q3 25 | $764.0M | $641.8M | ||
| Q2 25 | $872.0M | $-198.2M | ||
| Q1 25 | $638.0M | $25.5M | ||
| Q4 24 | $767.0M | $-103.0M | ||
| Q3 24 | $794.0M | $131.9M | ||
| Q2 24 | $793.0M | $164.6M | ||
| Q1 24 | $39.0M | $105.2M |
自由现金流率LMMS
| Q4 25 | 51.5% | -18.6% | ||
| Q3 25 | 104.4% | 48.7% | ||
| Q2 25 | 113.4% | -14.7% | ||
| Q1 25 | 75.4% | 1.9% | ||
| Q4 24 | 97.2% | -7.3% | ||
| Q3 24 | 116.3% | 10.0% | ||
| Q2 24 | 111.5% | 12.5% | ||
| Q1 24 | 5.5% | 7.8% |
资本支出强度LMMS
| Q4 25 | 23.1% | 0.5% | ||
| Q3 25 | 21.3% | 0.6% | ||
| Q2 25 | 17.4% | 1.1% | ||
| Q1 25 | 11.6% | 1.3% | ||
| Q4 24 | 22.1% | 1.6% | ||
| Q3 24 | 20.5% | 2.4% | ||
| Q2 24 | 22.4% | 2.6% | ||
| Q1 24 | 22.4% | 1.9% |
现金转化率LMMS
| Q4 25 | 1.53× | -2.60× | ||
| Q3 25 | 1.83× | 8.63× | ||
| Q2 25 | 2.57× | -1.72× | ||
| Q1 25 | 1.99× | 0.44× | ||
| Q4 24 | 5.03× | -1.94× | ||
| Q3 24 | 2.33× | 2.26× | ||
| Q2 24 | 2.58× | 2.22× | ||
| Q1 24 | 0.43× | 1.62× |
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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
