vs
Leidos（LDOS）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.3倍（$4.2B vs $3.1B），Leidos净利率更高（7.8% vs 3.0%，领先4.8%），RYDER SYSTEM INC同比增速更快（1.0% vs -3.5%），Leidos自由现金流更多（$452.0M vs $273.0M），过去两年Leidos的营收复合增速更高（3.1% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
LDOS vs R — 直观对比
营收规模更大
LDOS
是对方的1.3倍
$3.1B
营收增速更快
R
高出4.5%
-3.5%
净利率更高
LDOS
高出4.8%
3.0%
自由现金流更多
LDOS
多$179.0M
$273.0M
两年增速更快
LDOS
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.1B |
| 净利润 | $327.0M | $93.0M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 11.3% | — |
| 净利率 | 7.8% | 3.0% |
| 营收同比 | -3.5% | 1.0% |
| 净利润同比 | 15.1% | -5.1% |
| 每股收益（稀释后） | $2.54 | $2.34 |
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LDOSR
| Q1 26 | $4.2B | $3.1B | ||
| Q4 25 | $4.4B | $3.2B | ||
| Q3 25 | $4.2B | $3.2B | ||
| Q2 25 | $4.2B | $3.2B | ||
| Q1 25 | $4.3B | $3.1B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $4.1B | $3.2B |
净利润LDOSR
| Q1 26 | $327.0M | $93.0M | ||
| Q4 25 | $367.0M | $132.0M | ||
| Q3 25 | $391.0M | $138.0M | ||
| Q2 25 | $363.0M | $131.0M | ||
| Q1 25 | $284.0M | $98.0M | ||
| Q4 24 | — | $135.0M | ||
| Q3 24 | $364.0M | $142.0M | ||
| Q2 24 | $322.0M | $127.0M |
毛利率LDOSR
| 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LDOSR
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 5.6% | ||
| Q3 25 | 13.5% | 6.0% | ||
| Q2 25 | 12.5% | 5.8% | ||
| Q1 25 | 9.7% | 4.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 12.4% | 5.9% | ||
| Q2 24 | 11.6% | 5.6% |
净利率LDOSR
| Q1 26 | 7.8% | 3.0% | ||
| Q4 25 | 8.2% | 4.2% | ||
| Q3 25 | 9.2% | 4.4% | ||
| Q2 25 | 8.6% | 4.1% | ||
| Q1 25 | 6.5% | 3.1% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 8.7% | 4.5% | ||
| Q2 24 | 7.8% | 4.0% |
每股收益（稀释后）LDOSR
| Q1 26 | $2.54 | $2.34 | ||
| Q4 25 | $2.82 | $3.22 | ||
| Q3 25 | $3.01 | $3.32 | ||
| Q2 25 | $2.77 | $3.13 | ||
| Q1 25 | $2.10 | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | $2.68 | $3.24 | ||
| Q2 24 | $2.37 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $4.9B | $2.9B |
| 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LDOSR
| Q1 26 | $1.1B | $182.0M | ||
| Q4 25 | $974.0M | $198.0M | ||
| Q3 25 | $930.0M | $189.0M | ||
| Q2 25 | $842.0M | $180.0M | ||
| Q1 25 | $943.0M | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | $1.2B | $162.0M | ||
| Q2 24 | $823.0M | $164.0M |
总债务LDOSR
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $6.8B | ||
| Q3 25 | $5.0B | $7.3B | ||
| Q2 25 | $5.0B | $7.0B | ||
| Q1 25 | $4.1B | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $4.1B | $6.6B | ||
| Q2 24 | $4.1B | $6.5B |
股东权益LDOSR
| Q1 26 | $4.9B | $2.9B | ||
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.3B | $3.1B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.5B | $3.1B |
总资产LDOSR
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $16.4B | ||
| Q3 25 | $13.5B | $16.5B | ||
| Q2 25 | $13.2B | $16.5B | ||
| Q1 25 | $13.1B | $16.4B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | $13.3B | $16.5B | ||
| Q2 24 | $12.9B | $16.4B |
负债/权益比LDOSR
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 2.24× | ||
| Q3 25 | 1.07× | 2.35× | ||
| Q2 25 | 1.18× | 2.27× | ||
| Q1 25 | 0.92× | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | 0.88× | 2.17× | ||
| Q2 24 | 0.92× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $452.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 10.8% | 8.7% |
| 资本支出强度资本支出/营收 | 1.0% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.51× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流LDOSR
| Q1 26 | $495.0M | $583.0M | ||
| Q4 25 | — | $749.0M | ||
| Q3 25 | $711.0M | $442.0M | ||
| Q2 25 | $58.0M | $752.0M | ||
| Q1 25 | $299.0M | $651.0M | ||
| Q4 24 | — | $558.0M | ||
| Q3 24 | $656.0M | $629.0M | ||
| Q2 24 | $374.0M | $552.0M |
自由现金流LDOSR
| Q1 26 | $452.0M | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | $680.0M | $-85.0M | ||
| Q2 25 | $36.0M | $63.0M | ||
| Q1 25 | $213.0M | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | $633.0M | $30.0M | ||
| Q2 24 | $351.0M | $-87.0M |
自由现金流率LDOSR
| Q1 26 | 10.8% | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | 16.1% | -2.7% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 4.9% | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | 15.2% | 0.9% | ||
| Q2 24 | 8.5% | -2.7% |
资本支出强度LDOSR
| Q1 26 | 1.0% | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | 0.7% | 16.6% | ||
| Q2 25 | 0.5% | 21.6% | ||
| Q1 25 | 2.0% | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 0.6% | 18.9% | ||
| Q2 24 | 0.6% | 20.1% |
现金转化率LDOSR
| Q1 26 | 1.51× | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | 1.82× | 3.20× | ||
| Q2 25 | 0.16× | 5.74× | ||
| Q1 25 | 1.05× | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 1.80× | 4.43× | ||
| Q2 24 | 1.16× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
