vs
Leidos（LDOS）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是Leidos的1.9倍（$8.4B vs $4.4B），万事达卡净利率更高（46.4% vs 7.6%，领先38.8%），万事达卡同比增速更快（16.0% vs 3.7%），过去两年万事达卡的营收复合增速更高（9.9% vs 3.5%）
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。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
LDOS vs MA — 直观对比
营收规模更大
MA
是对方的1.9倍
$4.4B
营收增速更快
MA
高出12.3%
3.7%
净利率更高
MA
高出38.8%
7.6%
两年增速更快
MA
近两年复合增速
3.5%
损益表 — Q1 FY2027 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $8.4B |
| 净利润 | $335.0M | $3.9B |
| 毛利率 | 17.3% | — |
| 营业利润率 | 11.5% | 58.3% |
| 净利率 | 7.6% | 46.4% |
| 营收同比 | 3.7% | 16.0% |
| 净利润同比 | -8.2% | 18.0% |
| 每股收益（稀释后） | $2.56 | $4.35 |
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LDOSMA
| Q1 26 | $4.2B | $8.4B | ||
| Q4 25 | $4.4B | $8.8B | ||
| Q3 25 | $4.2B | $8.6B | ||
| Q2 25 | $4.2B | $8.1B | ||
| Q1 25 | $4.3B | $7.3B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $4.2B | $7.4B | ||
| Q2 24 | $4.1B | $7.0B |
净利润LDOSMA
| Q1 26 | $327.0M | $3.9B | ||
| Q4 25 | $367.0M | $4.1B | ||
| Q3 25 | $391.0M | $3.9B | ||
| Q2 25 | $363.0M | $3.7B | ||
| Q1 25 | $284.0M | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $364.0M | $3.3B | ||
| Q2 24 | $322.0M | $3.3B |
毛利率LDOSMA
| 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LDOSMA
| Q1 26 | 11.3% | 58.3% | ||
| Q4 25 | 12.0% | 55.8% | ||
| Q3 25 | 13.5% | 58.8% | ||
| Q2 25 | 12.5% | 58.7% | ||
| Q1 25 | 9.7% | 57.2% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | 12.4% | 54.3% | ||
| Q2 24 | 11.6% | 58.0% |
净利率LDOSMA
| Q1 26 | 7.8% | 46.4% | ||
| Q4 25 | 8.2% | 46.1% | ||
| Q3 25 | 9.2% | 45.7% | ||
| Q2 25 | 8.6% | 45.5% | ||
| Q1 25 | 6.5% | 45.2% | ||
| Q4 24 | — | 44.6% | ||
| Q3 24 | 8.7% | 44.3% | ||
| Q2 24 | 7.8% | 46.8% |
每股收益（稀释后）LDOSMA
| Q1 26 | $2.54 | $4.35 | ||
| Q4 25 | $2.82 | $4.52 | ||
| Q3 25 | $3.01 | $4.34 | ||
| Q2 25 | $2.77 | $4.07 | ||
| Q1 25 | $2.10 | $3.59 | ||
| Q4 24 | — | $3.64 | ||
| Q3 24 | $2.68 | $3.53 | ||
| Q2 24 | $2.37 | $3.50 |
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 | $7.9B |
| 总债务越低越好 | $6.0B | $19.0B |
| 股东权益账面价值 | $5.1B | $6.7B |
| 总资产 | $15.4B | $52.4B |
| 负债/权益比越低杠杆越低 | 1.19× | 2.82× |
8季度趋势，按日历期对齐
现金及短期投资LDOSMA
| Q1 26 | $1.1B | $7.9B | ||
| Q4 25 | $974.0M | $10.6B | ||
| Q3 25 | $930.0M | $10.3B | ||
| Q2 25 | $842.0M | $9.0B | ||
| Q1 25 | $943.0M | $7.6B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | $1.2B | $11.1B | ||
| Q2 24 | $823.0M | $7.0B |
总债务LDOSMA
| Q1 26 | $4.6B | $19.0B | ||
| 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LDOSMA
| Q1 26 | $4.9B | $6.7B | ||
| Q4 25 | $4.9B | $7.7B | ||
| Q3 25 | $4.7B | $7.9B | ||
| Q2 25 | $4.3B | $7.9B | ||
| Q1 25 | $4.4B | $6.7B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | $4.6B | $7.4B | ||
| Q2 24 | $4.5B | $7.4B |
总资产LDOSMA
| Q1 26 | $13.5B | $52.4B | ||
| Q4 25 | $13.5B | $54.2B | ||
| Q3 25 | $13.5B | $53.3B | ||
| Q2 25 | $13.2B | $51.4B | ||
| Q1 25 | $13.1B | $48.5B | ||
| Q4 24 | — | $48.1B | ||
| Q3 24 | $13.3B | $47.2B | ||
| Q2 24 | $12.9B | $42.3B |
负债/权益比LDOSMA
| Q1 26 | 0.94× | 2.82× | ||
| 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 | $301.0M | $3.0B |
| 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× | 0.77× |
| 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LDOSMA
| Q1 26 | $495.0M | $3.0B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | $711.0M | $5.7B | ||
| Q2 25 | $58.0M | $4.6B | ||
| Q1 25 | $299.0M | $2.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $656.0M | $5.1B | ||
| Q2 24 | $374.0M | $3.1B |
自由现金流LDOSMA
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $680.0M | $5.5B | ||
| Q2 25 | $36.0M | $4.6B | ||
| Q1 25 | $213.0M | $2.2B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $633.0M | $5.0B | ||
| Q2 24 | $351.0M | $3.0B |
自由现金流率LDOSMA
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 55.5% | ||
| Q3 25 | 16.1% | 63.8% | ||
| Q2 25 | 0.9% | 56.1% | ||
| Q1 25 | 4.9% | 30.6% | ||
| Q4 24 | — | 63.3% | ||
| Q3 24 | 15.2% | 68.2% | ||
| Q2 24 | 8.5% | 43.4% |
资本支出强度LDOSMA
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | 0.5% | 0.5% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.6% | 1.7% |
现金转化率LDOSMA
| Q1 26 | 1.51× | 0.77× | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | 1.82× | 1.44× | ||
| Q2 25 | 0.16× | 1.24× | ||
| Q1 25 | 1.05× | 0.73× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 1.80× | 1.57× | ||
| Q2 24 | 1.16× | 0.96× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
