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Leidos（LDOS）与PG&E Corporation（PCG）财务数据对比。点击上方公司名可切换其他公司
PG&E Corporation的季度营收约是Leidos的1.6倍（$6.9B vs $4.2B），PG&E Corporation净利率更高（12.9% vs 7.8%，领先5.1%），PG&E Corporation同比增速更快（15.0% vs -3.5%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 3.1%）
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。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
LDOS vs PCG — 直观对比
营收规模更大
PCG
是对方的1.6倍
$4.2B
营收增速更快
PCG
高出18.5%
-3.5%
净利率更高
PCG
高出5.1%
7.8%
两年增速更快
PCG
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.9B |
| 净利润 | $327.0M | $885.0M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 11.3% | 21.4% |
| 净利率 | 7.8% | 12.9% |
| 营收同比 | -3.5% | 15.0% |
| 净利润同比 | 15.1% | 39.6% |
| 每股收益（稀释后） | $2.54 | $0.39 |
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LDOSPCG
| Q1 26 | $4.2B | $6.9B | ||
| Q4 25 | $4.4B | $6.8B | ||
| Q3 25 | $4.2B | $6.3B | ||
| Q2 25 | $4.2B | $5.9B | ||
| Q1 25 | $4.3B | $6.0B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | $4.2B | $5.9B | ||
| Q2 24 | $4.1B | $6.0B |
净利润LDOSPCG
| Q1 26 | $327.0M | $885.0M | ||
| Q4 25 | $367.0M | $670.0M | ||
| Q3 25 | $391.0M | $850.0M | ||
| Q2 25 | $363.0M | $549.0M | ||
| Q1 25 | $284.0M | $634.0M | ||
| Q4 24 | — | $674.0M | ||
| Q3 24 | $364.0M | $579.0M | ||
| Q2 24 | $322.0M | $524.0M |
毛利率LDOSPCG
| 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LDOSPCG
| Q1 26 | 11.3% | 21.4% | ||
| Q4 25 | 12.0% | 18.0% | ||
| Q3 25 | 13.5% | 19.3% | ||
| Q2 25 | 12.5% | 18.6% | ||
| Q1 25 | 9.7% | 20.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 12.4% | 17.3% | ||
| Q2 24 | 11.6% | 18.9% |
净利率LDOSPCG
| Q1 26 | 7.8% | 12.9% | ||
| Q4 25 | 8.2% | 9.8% | ||
| Q3 25 | 9.2% | 13.6% | ||
| Q2 25 | 8.6% | 9.3% | ||
| Q1 25 | 6.5% | 10.6% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | 8.7% | 9.7% | ||
| Q2 24 | 7.8% | 8.8% |
每股收益（稀释后）LDOSPCG
| Q1 26 | $2.54 | $0.39 | ||
| Q4 25 | $2.82 | $0.29 | ||
| Q3 25 | $3.01 | $0.37 | ||
| Q2 25 | $2.77 | $0.24 | ||
| Q1 25 | $2.10 | $0.28 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | $2.68 | $0.27 | ||
| Q2 24 | $2.37 | $0.24 |
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 | $1.1B | — |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $4.9B | — |
| 总资产 | $13.5B | — |
| 负债/权益比越低杠杆越低 | 0.94× | — |
8季度趋势，按日历期对齐
现金及短期投资LDOSPCG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $713.0M | ||
| Q3 25 | $930.0M | $404.0M | ||
| Q2 25 | $842.0M | $494.0M | ||
| Q1 25 | $943.0M | $2.0B | ||
| Q4 24 | — | $940.0M | ||
| Q3 24 | $1.2B | $895.0M | ||
| Q2 24 | $823.0M | $1.3B |
总债务LDOSPCG
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $57.4B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
股东权益LDOSPCG
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $32.5B | ||
| Q3 25 | $4.7B | $32.0B | ||
| Q2 25 | $4.3B | $31.2B | ||
| Q1 25 | $4.4B | $30.7B | ||
| Q4 24 | — | $30.1B | ||
| Q3 24 | $4.6B | $26.8B | ||
| Q2 24 | $4.5B | $26.3B |
总资产LDOSPCG
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $141.6B | ||
| Q3 25 | $13.5B | $138.2B | ||
| Q2 25 | $13.2B | $136.4B | ||
| Q1 25 | $13.1B | $135.4B | ||
| Q4 24 | — | $133.7B | ||
| Q3 24 | $13.3B | $132.3B | ||
| Q2 24 | $12.9B | $130.8B |
负债/权益比LDOSPCG
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 1.76× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | 1.78× | ||
| 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 | $495.0M | — |
| 自由现金流经营现金流 - 资本支出 | $452.0M | — |
| 自由现金流率自由现金流/营收 | 10.8% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 1.51× | — |
| 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LDOSPCG
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $711.0M | $2.9B | ||
| Q2 25 | $58.0M | $1.1B | ||
| Q1 25 | $299.0M | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $656.0M | $3.1B | ||
| Q2 24 | $374.0M | $711.0M |
自由现金流LDOSPCG
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | $680.0M | $-80.0M | ||
| Q2 25 | $36.0M | $-2.0B | ||
| Q1 25 | $213.0M | $213.0M | ||
| Q4 24 | — | $-896.0M | ||
| Q3 24 | $633.0M | $526.0M | ||
| Q2 24 | $351.0M | $-1.6B |
自由现金流率LDOSPCG
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | -17.6% | ||
| Q3 25 | 16.1% | -1.3% | ||
| Q2 25 | 0.9% | -34.0% | ||
| Q1 25 | 4.9% | 3.6% | ||
| Q4 24 | — | -13.5% | ||
| Q3 24 | 15.2% | 8.9% | ||
| Q2 24 | 8.5% | -26.5% |
资本支出强度LDOSPCG
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 46.4% | ||
| Q3 25 | 0.7% | 46.9% | ||
| Q2 25 | 0.5% | 52.0% | ||
| Q1 25 | 2.0% | 44.0% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | 0.6% | 43.8% | ||
| Q2 24 | 0.6% | 38.4% |
现金转化率LDOSPCG
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | 1.82× | 3.35× | ||
| Q2 25 | 0.16× | 1.93× | ||
| Q1 25 | 1.05× | 4.49× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | 1.80× | 5.41× | ||
| Q2 24 | 1.16× | 1.36× |
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
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
