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Leidos（LDOS）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是道富集团的1.1倍（$4.2B vs $3.7B），道富集团净利率更高（20.4% vs 7.8%，领先12.6%），道富集团同比增速更快（7.5% vs -3.5%），道富集团自由现金流更多（$9.8B vs $452.0M），过去两年道富集团的营收复合增速更高（8.1% 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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
LDOS vs STT — 直观对比
营收规模更大
LDOS
是对方的1.1倍
$3.7B
营收增速更快
STT
高出11.0%
-3.5%
净利率更高
STT
高出12.6%
7.8%
自由现金流更多
STT
多$9.3B
$452.0M
两年增速更快
STT
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.7B |
| 净利润 | $327.0M | $747.0M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 11.3% | 25.0% |
| 净利率 | 7.8% | 20.4% |
| 营收同比 | -3.5% | 7.5% |
| 净利润同比 | 15.1% | -4.6% |
| 每股收益（稀释后） | $2.54 | $2.41 |
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LDOSSTT
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $3.7B | ||
| Q3 25 | $4.2B | $3.5B | ||
| Q2 25 | $4.2B | $3.4B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $4.2B | $3.3B | ||
| Q2 24 | $4.1B | $3.2B |
净利润LDOSSTT
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $747.0M | ||
| Q3 25 | $391.0M | $861.0M | ||
| Q2 25 | $363.0M | $693.0M | ||
| Q1 25 | $284.0M | $644.0M | ||
| Q4 24 | — | $783.0M | ||
| Q3 24 | $364.0M | $730.0M | ||
| Q2 24 | $322.0M | $711.0M |
毛利率LDOSSTT
| 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LDOSSTT
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 25.0% | ||
| Q3 25 | 13.5% | 31.1% | ||
| Q2 25 | 12.5% | 25.8% | ||
| Q1 25 | 9.7% | 25.0% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | 12.4% | 28.4% | ||
| Q2 24 | 11.6% | 28.6% |
净利率LDOSSTT
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 20.4% | ||
| Q3 25 | 9.2% | 24.3% | ||
| Q2 25 | 8.6% | 20.1% | ||
| Q1 25 | 6.5% | 19.6% | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | 8.7% | 22.4% | ||
| Q2 24 | 7.8% | 22.3% |
每股收益（稀释后）LDOSSTT
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | $2.41 | ||
| Q3 25 | $3.01 | $2.78 | ||
| Q2 25 | $2.77 | $2.17 | ||
| Q1 25 | $2.10 | $2.04 | ||
| Q4 24 | — | $2.43 | ||
| Q3 24 | $2.68 | $2.26 | ||
| Q2 24 | $2.37 | $2.15 |
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 | $27.8B |
| 总资产 | $13.5B | $366.0B |
| 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LDOSSTT
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | — | ||
| Q3 25 | $930.0M | — | ||
| Q2 25 | $842.0M | — | ||
| Q1 25 | $943.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $823.0M | — |
总债务LDOSSTT
| Q1 26 | $4.6B | — | ||
| 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LDOSSTT
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $27.8B | ||
| Q3 25 | $4.7B | $27.6B | ||
| Q2 25 | $4.3B | $27.3B | ||
| Q1 25 | $4.4B | $26.7B | ||
| Q4 24 | — | $25.3B | ||
| Q3 24 | $4.6B | $25.8B | ||
| Q2 24 | $4.5B | $24.8B |
总资产LDOSSTT
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $366.0B | ||
| Q3 25 | $13.5B | $371.1B | ||
| Q2 25 | $13.2B | $376.7B | ||
| Q1 25 | $13.1B | $372.7B | ||
| Q4 24 | — | $353.2B | ||
| Q3 24 | $13.3B | $338.5B | ||
| Q2 24 | $12.9B | $325.6B |
负债/权益比LDOSSTT
| Q1 26 | 0.94× | — | ||
| 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 | $495.0M | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $452.0M | $9.8B |
| 自由现金流率自由现金流/营收 | 10.8% | 266.6% |
| 资本支出强度资本支出/营收 | 1.0% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.51× | 13.44× |
| 过去12个月自由现金流最近4个季度 | — | $10.8B |
8季度趋势，按日历期对齐
经营现金流LDOSSTT
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $10.0B | ||
| Q3 25 | $711.0M | $7.9B | ||
| Q2 25 | $58.0M | $-8.4B | ||
| Q1 25 | $299.0M | $2.4B | ||
| Q4 24 | — | $-7.4B | ||
| Q3 24 | $656.0M | $2.7B | ||
| Q2 24 | $374.0M | $-7.6B |
自由现金流LDOSSTT
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $9.8B | ||
| Q3 25 | $680.0M | $7.7B | ||
| Q2 25 | $36.0M | $-8.8B | ||
| Q1 25 | $213.0M | $2.2B | ||
| Q4 24 | — | $-7.7B | ||
| Q3 24 | $633.0M | $2.5B | ||
| Q2 24 | $351.0M | $-7.9B |
自由现金流率LDOSSTT
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 266.6% | ||
| Q3 25 | 16.1% | 216.0% | ||
| Q2 25 | 0.9% | -254.1% | ||
| Q1 25 | 4.9% | 66.1% | ||
| Q4 24 | — | -225.1% | ||
| Q3 24 | 15.2% | 75.9% | ||
| Q2 24 | 8.5% | -246.2% |
资本支出强度LDOSSTT
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | 0.7% | 6.9% | ||
| Q2 25 | 0.5% | 9.3% | ||
| Q1 25 | 2.0% | 6.9% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 0.6% | 7.2% | ||
| Q2 24 | 0.6% | 6.7% |
现金转化率LDOSSTT
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 13.44× | ||
| Q3 25 | 1.82× | 9.18× | ||
| Q2 25 | 0.16× | -12.18× | ||
| Q1 25 | 1.05× | 3.72× | ||
| Q4 24 | — | -9.49× | ||
| Q3 24 | 1.80× | 3.71× | ||
| Q2 24 | 1.16× | -10.75× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
