vs
Leidos（LDOS）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是Leidos的1.1倍（$4.7B vs $4.4B），Leidos净利率更高（7.6% vs 0.2%，领先7.4%），Leidos同比增速更快（3.7% vs -0.6%），过去两年Leidos的营收复合增速更高（3.5% vs -23.8%）
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。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
LDOS vs M — 直观对比
营收规模更大
M
是对方的1.1倍
$4.4B
营收增速更快
LDOS
高出4.3%
-0.6%
净利率更高
LDOS
高出7.4%
0.2%
两年增速更快
LDOS
近两年复合增速
-23.8%
损益表 — Q1 FY2027 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.7B |
| 净利润 | $335.0M | $11.0M |
| 毛利率 | 17.3% | 39.4% |
| 营业利润率 | 11.5% | 0.9% |
| 净利率 | 7.6% | 0.2% |
| 营收同比 | 3.7% | -0.6% |
| 净利润同比 | -8.2% | -60.7% |
| 每股收益（稀释后） | $2.56 | $0.04 |
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LDOSM
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $4.7B | ||
| Q3 25 | $4.2B | $4.8B | ||
| Q2 25 | $4.2B | $4.6B | ||
| Q1 25 | $4.3B | $7.8B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $4.2B | $4.9B | ||
| Q2 24 | $4.1B | $4.8B |
净利润LDOSM
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $11.0M | ||
| Q3 25 | $391.0M | $87.0M | ||
| Q2 25 | $363.0M | $38.0M | ||
| Q1 25 | $284.0M | $342.0M | ||
| Q4 24 | — | $28.0M | ||
| Q3 24 | $364.0M | $150.0M | ||
| Q2 24 | $322.0M | $62.0M |
毛利率LDOSM
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | 39.4% | ||
| Q3 25 | 18.0% | 39.7% | ||
| Q2 25 | 17.5% | 39.2% | ||
| Q1 25 | 15.6% | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | 17.8% | 40.5% | ||
| Q2 24 | 16.6% | 39.2% |
营业利润率LDOSM
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 0.9% | ||
| Q3 25 | 13.5% | 3.1% | ||
| Q2 25 | 12.5% | 2.0% | ||
| Q1 25 | 9.7% | 6.4% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 12.4% | 4.5% | ||
| Q2 24 | 11.6% | 2.6% |
净利率LDOSM
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 0.2% | ||
| Q3 25 | 9.2% | 1.8% | ||
| Q2 25 | 8.6% | 0.8% | ||
| Q1 25 | 6.5% | 4.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 8.7% | 3.0% | ||
| Q2 24 | 7.8% | 1.3% |
每股收益（稀释后）LDOSM
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | $0.04 | ||
| Q3 25 | $3.01 | $0.31 | ||
| Q2 25 | $2.77 | $0.13 | ||
| Q1 25 | $2.10 | $1.22 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $2.68 | $0.53 | ||
| Q2 24 | $2.37 | $0.22 |
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 | $447.0M |
| 总债务越低越好 | $6.0B | $2.4B |
| 股东权益账面价值 | $5.1B | $4.3B |
| 总资产 | $15.4B | $17.1B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资LDOSM
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $447.0M | ||
| Q3 25 | $930.0M | $829.0M | ||
| Q2 25 | $842.0M | $932.0M | ||
| Q1 25 | $943.0M | $1.3B | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | $1.2B | $646.0M | ||
| Q2 24 | $823.0M | $876.0M |
总债务LDOSM
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $2.4B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.0B | $2.8B | ||
| Q1 25 | $4.1B | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $4.1B | $3.0B | ||
| Q2 24 | $4.1B | $3.0B |
股东权益LDOSM
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $4.7B | $4.5B | ||
| Q2 25 | $4.3B | $4.5B | ||
| Q1 25 | $4.4B | $4.6B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | $4.5B | $4.2B |
总资产LDOSM
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $17.1B | ||
| Q3 25 | $13.5B | $15.6B | ||
| Q2 25 | $13.2B | $16.1B | ||
| Q1 25 | $13.1B | $16.4B | ||
| Q4 24 | — | $17.3B | ||
| Q3 24 | $13.3B | $15.8B | ||
| Q2 24 | $12.9B | $16.4B |
负债/权益比LDOSM
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 0.56× | ||
| Q3 25 | 1.07× | 0.55× | ||
| Q2 25 | 1.18× | 0.62× | ||
| Q1 25 | 0.92× | 0.61× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | 0.88× | 0.70× | ||
| Q2 24 | 0.92× | 0.72× |
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 | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-101.0M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 0.90× | -0.73× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流LDOSM
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $711.0M | $319.0M | ||
| Q2 25 | $58.0M | $-64.0M | ||
| Q1 25 | $299.0M | $1.3B | ||
| Q4 24 | — | $-167.0M | ||
| Q3 24 | $656.0M | $8.0M | ||
| Q2 24 | $374.0M | $129.0M |
自由现金流LDOSM
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $-101.0M | ||
| Q3 25 | $680.0M | $240.0M | ||
| Q2 25 | $36.0M | $-164.0M | ||
| Q1 25 | $213.0M | $1.2B | ||
| Q4 24 | — | $-295.0M | ||
| Q3 24 | $633.0M | $-109.0M | ||
| Q2 24 | $351.0M | $-25.0M |
自由现金流率LDOSM
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | 16.1% | 5.0% | ||
| Q2 25 | 0.9% | -3.6% | ||
| Q1 25 | 4.9% | 15.3% | ||
| Q4 24 | — | -6.2% | ||
| Q3 24 | 15.2% | -2.2% | ||
| Q2 24 | 8.5% | -0.5% |
资本支出强度LDOSM
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 0.6% | 3.2% |
现金转化率LDOSM
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | -0.73× | ||
| Q3 25 | 1.82× | 3.67× | ||
| Q2 25 | 0.16× | -1.68× | ||
| Q1 25 | 1.05× | 3.82× | ||
| Q4 24 | — | -5.96× | ||
| Q3 24 | 1.80× | 0.05× | ||
| Q2 24 | 1.16× | 2.08× |
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
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
