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Leidos（LDOS）与Lennar（LEN）财务数据对比。点击上方公司名可切换其他公司
Lennar的季度营收约是Leidos的1.5倍（$6.6B vs $4.4B），Leidos净利率更高（7.6% vs 3.5%，领先4.1%），Leidos同比增速更快（3.7% vs -13.3%），过去两年Leidos的营收复合增速更高（3.5% vs -13.1%）
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。
Lennar Corporation是总部位于美国佛罗里达州迈阿密-戴德县的住宅建筑企业，截至2025年按房屋销量统计为美国第二大住宅建筑商。公司业务覆盖多户型及单户住宅租赁物业投资、高端地产开发，旗下LenX板块布局地产科技，另有Lennar Mortgage提供按揭贷款服务。
LDOS vs LEN — 直观对比
营收规模更大
LEN
是对方的1.5倍
$4.4B
营收增速更快
LDOS
高出16.9%
-13.3%
净利率更高
LDOS
高出4.1%
3.5%
两年增速更快
LDOS
近两年复合增速
-13.1%
损益表 — Q1 FY2027 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $6.6B |
| 净利润 | $335.0M | $229.4M |
| 毛利率 | 17.3% | — |
| 营业利润率 | 11.5% | — |
| 净利率 | 7.6% | 3.5% |
| 营收同比 | 3.7% | -13.3% |
| 净利润同比 | -8.2% | -55.8% |
| 每股收益（稀释后） | $2.56 | $0.93 |
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LDOSLEN
| Q1 26 | $4.2B | $6.6B | ||
| Q4 25 | $4.4B | $9.4B | ||
| Q3 25 | $4.2B | $8.8B | ||
| Q2 25 | $4.2B | $8.4B | ||
| Q1 25 | $4.3B | $7.6B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | $4.2B | $9.4B | ||
| Q2 24 | $4.1B | $8.8B |
净利润LDOSLEN
| Q1 26 | $327.0M | $229.4M | ||
| Q4 25 | $367.0M | $490.2M | ||
| Q3 25 | $391.0M | $591.0M | ||
| Q2 25 | $363.0M | $477.4M | ||
| Q1 25 | $284.0M | $519.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $364.0M | $1.2B | ||
| Q2 24 | $322.0M | $954.3M |
毛利率LDOSLEN
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 17.5% | — | ||
| Q1 25 | 15.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 16.6% | — |
营业利润率LDOSLEN
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 7.3% | ||
| Q3 25 | 13.5% | 9.0% | ||
| Q2 25 | 12.5% | 7.7% | ||
| Q1 25 | 9.7% | 9.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 12.4% | 16.3% | ||
| Q2 24 | 11.6% | 14.4% |
净利率LDOSLEN
| Q1 26 | 7.8% | 3.5% | ||
| Q4 25 | 8.2% | 5.2% | ||
| Q3 25 | 9.2% | 6.7% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | 6.5% | 6.8% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 8.7% | 12.3% | ||
| Q2 24 | 7.8% | 10.9% |
每股收益（稀释后）LDOSLEN
| Q1 26 | $2.54 | $0.93 | ||
| Q4 25 | $2.82 | — | ||
| Q3 25 | $3.01 | $2.29 | ||
| Q2 25 | $2.77 | $1.81 | ||
| Q1 25 | $2.10 | $1.96 | ||
| Q4 24 | — | $4.03 | ||
| Q3 24 | $2.68 | $4.26 | ||
| Q2 24 | $2.37 | $3.45 |
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 | $457.0M | $2.1B |
| 总债务越低越好 | $6.0B | — |
| 股东权益账面价值 | $5.1B | $21.9B |
| 总资产 | $15.4B | $33.2B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资LDOSLEN
| Q1 26 | $1.1B | $2.1B | ||
| Q4 25 | $974.0M | $3.8B | ||
| Q3 25 | $930.0M | — | ||
| Q2 25 | $842.0M | — | ||
| Q1 25 | $943.0M | — | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $823.0M | — |
总债务LDOSLEN
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $5.9B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
股东权益LDOSLEN
| Q1 26 | $4.9B | $21.9B | ||
| Q4 25 | $4.9B | $22.0B | ||
| Q3 25 | $4.7B | $22.6B | ||
| Q2 25 | $4.3B | $22.6B | ||
| Q1 25 | $4.4B | $22.7B | ||
| Q4 24 | — | $27.9B | ||
| Q3 24 | $4.6B | $27.4B | ||
| Q2 24 | $4.5B | $26.9B |
总资产LDOSLEN
| Q1 26 | $13.5B | $33.2B | ||
| Q4 25 | $13.5B | $34.4B | ||
| Q3 25 | $13.5B | $34.9B | ||
| Q2 25 | $13.2B | $34.4B | ||
| Q1 25 | $13.1B | $35.0B | ||
| Q4 24 | — | $41.3B | ||
| Q3 24 | $13.3B | $39.7B | ||
| Q2 24 | $12.9B | $38.7B |
负债/权益比LDOSLEN
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 0.27× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | 0.15× | ||
| 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 | $301.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.90× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LDOSLEN
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $711.0M | $-158.6M | ||
| Q2 25 | $58.0M | $-1.1B | ||
| Q1 25 | $299.0M | $-289.0M | ||
| Q4 24 | — | $974.5M | ||
| Q3 24 | $656.0M | $819.2M | ||
| Q2 24 | $374.0M | $241.8M |
自由现金流LDOSLEN
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $680.0M | $-190.8M | ||
| Q2 25 | $36.0M | $-1.1B | ||
| Q1 25 | $213.0M | $-345.1M | ||
| Q4 24 | — | $933.1M | ||
| Q3 24 | $633.0M | $800.8M | ||
| Q2 24 | $351.0M | $203.0M |
自由现金流率LDOSLEN
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 17.9% | ||
| Q3 25 | 16.1% | -2.2% | ||
| Q2 25 | 0.9% | -13.3% | ||
| Q1 25 | 4.9% | -4.5% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | 15.2% | 8.5% | ||
| Q2 24 | 8.5% | 2.3% |
资本支出强度LDOSLEN
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.6% | 0.4% |
现金转化率LDOSLEN
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 3.59× | ||
| Q3 25 | 1.82× | -0.27× | ||
| Q2 25 | 0.16× | -2.29× | ||
| Q1 25 | 1.05× | -0.56× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | 1.80× | 0.70× | ||
| Q2 24 | 1.16× | 0.25× |
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
LDOS
暂无分部数据
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
