vs
LandBridge Co LLC（LB）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
LandBridge Co LLC的季度营收约是TELOS CORP的1.2倍（$56.8M vs $46.8M），LandBridge Co LLC净利率更高（14.2% vs -34.9%，领先49.1%），TELOS CORP同比增速更快（77.4% vs 55.6%），LandBridge Co LLC自由现金流更多（$122.0M vs $8.0M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% vs 25.7%）
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
LB vs TLS — 直观对比
营收规模更大
LB
是对方的1.2倍
$46.8M
营收增速更快
TLS
高出21.8%
55.6%
净利率更高
LB
高出49.1%
-34.9%
自由现金流更多
LB
多$114.1M
$8.0M
两年增速更快
LB
近两年复合增速
25.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $56.8M | $46.8M |
| 净利润 | $8.1M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 60.0% | -39.6% |
| 净利率 | 14.2% | -34.9% |
| 营收同比 | 55.6% | 77.4% |
| 净利润同比 | -83.7% | -74.8% |
| 每股收益（稀释后） | $0.24 | $-0.22 |
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LBTLS
| Q4 25 | $56.8M | $46.8M | ||
| Q3 25 | $50.8M | $51.4M | ||
| Q2 25 | $47.5M | $36.0M | ||
| Q1 25 | $44.0M | $30.6M | ||
| Q4 24 | $36.5M | $26.4M | ||
| Q3 24 | $28.5M | $23.8M | ||
| Q2 24 | $26.0M | $28.5M | ||
| Q1 24 | $19.0M | $29.6M |
净利润LBTLS
| Q4 25 | $8.1M | $-16.3M | ||
| Q3 25 | $8.1M | $-2.1M | ||
| Q2 25 | $7.5M | $-9.5M | ||
| Q1 25 | $6.5M | $-8.6M | ||
| Q4 24 | $49.3M | $-9.3M | ||
| Q3 24 | $2.7M | $-28.1M | ||
| Q2 24 | $-57.7M | $-7.8M | ||
| Q1 24 | $10.8M | $-7.4M |
毛利率LBTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率LBTLS
| Q4 25 | 60.0% | -39.6% | ||
| Q3 25 | 60.8% | -4.8% | ||
| Q2 25 | 60.0% | -27.5% | ||
| Q1 25 | 57.0% | -29.5% | ||
| Q4 24 | 49.4% | -37.6% | ||
| Q3 24 | 11.2% | -121.4% | ||
| Q2 24 | -197.4% | -30.3% | ||
| Q1 24 | 71.1% | -28.5% |
净利率LBTLS
| Q4 25 | 14.2% | -34.9% | ||
| Q3 25 | 15.9% | -4.1% | ||
| Q2 25 | 15.8% | -26.5% | ||
| Q1 25 | 14.7% | -28.1% | ||
| Q4 24 | 135.2% | -35.4% | ||
| Q3 24 | 9.3% | -118.0% | ||
| Q2 24 | -222.1% | -27.2% | ||
| Q1 24 | 56.7% | -24.9% |
每股收益（稀释后）LBTLS
| Q4 25 | $0.24 | $-0.22 | ||
| Q3 25 | $0.26 | $-0.03 | ||
| Q2 25 | $0.24 | $-0.13 | ||
| Q1 25 | $0.20 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.39 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.10 |
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 | $30.7M | $53.2M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $340.3M | $96.0M |
| 总资产 | $1.4B | $139.9M |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资LBTLS
| Q4 25 | $30.7M | $53.2M | ||
| Q3 25 | $28.3M | $59.0M | ||
| Q2 25 | $20.3M | $57.0M | ||
| Q1 25 | $14.9M | $57.8M | ||
| Q4 24 | $37.0M | $54.6M | ||
| Q3 24 | $14.4M | $69.8M | ||
| Q2 24 | $24.6M | $80.1M | ||
| Q1 24 | — | $93.9M |
总债务LBTLS
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | — | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | — |
股东权益LBTLS
| Q4 25 | $340.3M | $96.0M | ||
| Q3 25 | $272.0M | $119.7M | ||
| Q2 25 | $266.4M | $118.4M | ||
| Q1 25 | $217.0M | $126.1M | ||
| Q4 24 | $211.8M | $127.1M | ||
| Q3 24 | $97.2M | $129.5M | ||
| Q2 24 | $296.4M | $149.1M | ||
| Q1 24 | $162.3M | $154.4M |
总资产LBTLS
| Q4 25 | $1.4B | $139.9M | ||
| Q3 25 | $1.1B | $164.3M | ||
| Q2 25 | $1.1B | $165.0M | ||
| Q1 25 | $1.0B | $158.1M | ||
| Q4 24 | $1.0B | $158.2M | ||
| Q3 24 | $689.9M | $166.3M | ||
| Q2 24 | $710.5M | $182.4M | ||
| Q1 24 | — | $195.4M |
负债/权益比LBTLS
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — | ||
| Q1 24 | — | — |
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 | $126.3M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $122.0M | $8.0M |
| 自由现金流率自由现金流/营收 | 214.9% | 17.0% |
| 资本支出强度资本支出/营收 | 7.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 15.68× | — |
| 过去12个月自由现金流最近4个季度 | $207.7M | $29.4M |
8季度趋势，按日历期对齐
经营现金流LBTLS
| Q4 25 | $126.3M | $8.0M | ||
| Q3 25 | $34.9M | $9.1M | ||
| Q2 25 | $37.3M | $7.0M | ||
| Q1 25 | $15.9M | $6.1M | ||
| Q4 24 | $67.6M | $-10.5M | ||
| Q3 24 | $7.5M | $-7.1M | ||
| Q2 24 | $16.0M | $-8.0M | ||
| Q1 24 | $17.2M | $-350.0K |
自由现金流LBTLS
| Q4 25 | $122.0M | $8.0M | ||
| Q3 25 | $33.7M | $8.7M | ||
| Q2 25 | $36.1M | $6.8M | ||
| Q1 25 | $15.8M | $6.0M | ||
| Q4 24 | $66.7M | $-12.4M | ||
| Q3 24 | $7.1M | $-7.1M | ||
| Q2 24 | $15.7M | $-8.2M | ||
| Q1 24 | $17.1M | $-447.0K |
自由现金流率LBTLS
| Q4 25 | 214.9% | 17.0% | ||
| Q3 25 | 66.3% | 16.9% | ||
| Q2 25 | 75.9% | 19.0% | ||
| Q1 25 | 36.0% | 19.5% | ||
| Q4 24 | 182.6% | -47.0% | ||
| Q3 24 | 25.1% | -30.0% | ||
| Q2 24 | 60.4% | -28.9% | ||
| Q1 24 | 90.1% | -1.5% |
资本支出强度LBTLS
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 2.3% | 0.9% | ||
| Q2 25 | 2.6% | 0.4% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 2.7% | 7.1% | ||
| Q3 24 | 1.1% | 0.2% | ||
| Q2 24 | 1.4% | 0.8% | ||
| Q1 24 | 0.5% | 0.3% |
现金转化率LBTLS
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.60× | — |
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
LB
暂无分部数据
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
