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Leidos（LDOS）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是QVC INC的1.8倍（$4.4B vs $2.4B），Leidos净利率更高（7.6% vs 1.5%，领先6.1%），Leidos同比增速更快（3.7% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% 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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
LDOS vs QVCD — 直观对比
营收规模更大
LDOS
是对方的1.8倍
$2.4B
营收增速更快
LDOS
高出12.6%
-8.9%
净利率更高
LDOS
高出6.1%
1.5%
两年增速更快
QVCD
近两年复合增速
3.5%
损益表 — Q1 FY2027 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $2.4B |
| 净利润 | $335.0M | $37.0M |
| 毛利率 | 17.3% | 32.5% |
| 营业利润率 | 11.5% | 5.6% |
| 净利率 | 7.6% | 1.5% |
| 营收同比 | 3.7% | -8.9% |
| 净利润同比 | -8.2% | 103.0% |
| 每股收益（稀释后） | $2.56 | — |
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LDOSQVCD
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.2B | $2.0B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $4.3B | $1.9B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $4.2B | $2.1B | ||
| Q2 24 | $4.1B | $2.1B |
净利润LDOSQVCD
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $37.0M | ||
| Q3 25 | $391.0M | $2.0M | ||
| Q2 25 | $363.0M | $-2.2B | ||
| Q1 25 | $284.0M | $-42.0M | ||
| Q4 24 | — | $-1.2B | ||
| Q3 24 | $364.0M | $51.0M | ||
| Q2 24 | $322.0M | $53.0M |
毛利率LDOSQVCD
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | 32.5% | ||
| Q3 25 | 18.0% | 33.6% | ||
| Q2 25 | 17.5% | 35.4% | ||
| Q1 25 | 15.6% | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | 17.8% | 34.7% | ||
| Q2 24 | 16.6% | 35.6% |
营业利润率LDOSQVCD
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 5.6% | ||
| Q3 25 | 13.5% | 4.6% | ||
| Q2 25 | 12.5% | -114.5% | ||
| Q1 25 | 9.7% | 1.5% | ||
| Q4 24 | — | -47.1% | ||
| Q3 24 | 12.4% | 7.8% | ||
| Q2 24 | 11.6% | 7.6% |
净利率LDOSQVCD
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 1.5% | ||
| Q3 25 | 9.2% | 0.1% | ||
| Q2 25 | 8.6% | -109.1% | ||
| Q1 25 | 6.5% | -2.2% | ||
| Q4 24 | — | -46.0% | ||
| Q3 24 | 8.7% | 2.4% | ||
| Q2 24 | 7.8% | 2.5% |
每股收益（稀释后）LDOSQVCD
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | — | ||
| Q3 25 | $3.01 | — | ||
| Q2 25 | $2.77 | — | ||
| Q1 25 | $2.10 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.68 | — | ||
| Q2 24 | $2.37 | — |
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 | $1.5B |
| 总债务越低越好 | $6.0B | $1.0M |
| 股东权益账面价值 | $5.1B | $1.2B |
| 总资产 | $15.4B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资LDOSQVCD
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $1.5B | ||
| Q3 25 | $930.0M | — | ||
| Q2 25 | $842.0M | — | ||
| Q1 25 | $943.0M | — | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | $1.2B | $297.0M | ||
| Q2 24 | $823.0M | $315.0M |
总债务LDOSQVCD
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $1.0M | ||
| Q3 25 | $5.0B | $5.0B | ||
| Q2 25 | $5.0B | $4.0B | ||
| Q1 25 | $4.1B | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $4.1B | $3.4B | ||
| Q2 24 | $4.1B | $3.7B |
股东权益LDOSQVCD
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $1.2B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.3B | $1.2B | ||
| Q1 25 | $4.4B | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $4.6B | $4.6B | ||
| Q2 24 | $4.5B | $4.3B |
总资产LDOSQVCD
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $8.5B | ||
| Q3 25 | $13.5B | $8.3B | ||
| Q2 25 | $13.2B | $7.4B | ||
| Q1 25 | $13.1B | $9.7B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | $13.3B | $9.9B | ||
| Q2 24 | $12.9B | $11.2B |
负债/权益比LDOSQVCD
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 0.00× | ||
| Q3 25 | 1.07× | 4.30× | ||
| Q2 25 | 1.18× | 3.42× | ||
| Q1 25 | 0.92× | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | 0.88× | 0.73× | ||
| Q2 24 | 0.92× | 0.87× |
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 | $245.0M |
| 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× | 6.62× |
| 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LDOSQVCD
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $245.0M | ||
| Q3 25 | $711.0M | $76.0M | ||
| Q2 25 | $58.0M | $52.0M | ||
| Q1 25 | $299.0M | $46.0M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | $656.0M | $98.0M | ||
| Q2 24 | $374.0M | $164.0M |
自由现金流LDOSQVCD
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $680.0M | — | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $633.0M | — | ||
| Q2 24 | $351.0M | — |
自由现金流率LDOSQVCD
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 8.5% | — |
资本支出强度LDOSQVCD
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.6% | — |
现金转化率LDOSQVCD
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 6.62× | ||
| Q3 25 | 1.82× | 38.00× | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.80× | 1.92× | ||
| Q2 24 | 1.16× | 3.09× |
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
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
