vs
Leidos（LDOS）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是Leidos的1.8倍（$7.7B vs $4.2B），Leidos净利率更高（7.8% vs 0.8%，领先7.0%），Smurfit Westrock同比增速更快（0.7% vs -3.5%），过去两年Smurfit Westrock的营收复合增速更高（61.2% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
LDOS vs SW — 直观对比
营收规模更大
SW
是对方的1.8倍
$4.2B
营收增速更快
SW
高出4.2%
-3.5%
净利率更高
LDOS
高出7.0%
0.8%
两年增速更快
SW
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.7B |
| 净利润 | $327.0M | $63.0M |
| 毛利率 | 17.4% | 16.4% |
| 营业利润率 | 11.3% | 3.3% |
| 净利率 | 7.8% | 0.8% |
| 营收同比 | -3.5% | 0.7% |
| 净利润同比 | 15.1% | 0.0% |
| 每股收益（稀释后） | $2.54 | $0.12 |
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LDOSSW
| Q1 26 | $4.2B | $7.7B | ||
| Q4 25 | $4.4B | $7.6B | ||
| Q3 25 | $4.2B | $8.0B | ||
| Q2 25 | $4.2B | $7.9B | ||
| Q1 25 | $4.3B | $7.7B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $4.2B | $7.7B | ||
| Q2 24 | $4.1B | $3.0B |
净利润LDOSSW
| Q1 26 | $327.0M | $63.0M | ||
| Q4 25 | $367.0M | $97.0M | ||
| Q3 25 | $391.0M | $246.0M | ||
| Q2 25 | $363.0M | $-28.0M | ||
| Q1 25 | $284.0M | $384.0M | ||
| Q4 24 | — | $146.0M | ||
| Q3 24 | $364.0M | $-150.0M | ||
| Q2 24 | $322.0M | $132.0M |
毛利率LDOSSW
| Q1 26 | 17.4% | 16.4% | ||
| Q4 25 | 18.0% | 18.2% | ||
| Q3 25 | 18.0% | 19.6% | ||
| Q2 25 | 17.5% | 19.1% | ||
| Q1 25 | 15.6% | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | 17.8% | 17.6% | ||
| Q2 24 | 16.6% | 23.3% |
营业利润率LDOSSW
| Q1 26 | 11.3% | 3.3% | ||
| Q4 25 | 12.0% | 5.1% | ||
| Q3 25 | 13.5% | 6.6% | ||
| Q2 25 | 12.5% | 3.2% | ||
| Q1 25 | 9.7% | 7.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 12.4% | 0.7% | ||
| Q2 24 | 11.6% | 8.2% |
净利率LDOSSW
| Q1 26 | 7.8% | 0.8% | ||
| Q4 25 | 8.2% | 1.3% | ||
| Q3 25 | 9.2% | 3.1% | ||
| Q2 25 | 8.6% | -0.4% | ||
| Q1 25 | 6.5% | 5.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 8.7% | -2.0% | ||
| Q2 24 | 7.8% | 4.4% |
每股收益（稀释后）LDOSSW
| Q1 26 | $2.54 | $0.12 | ||
| Q4 25 | $2.82 | $0.18 | ||
| Q3 25 | $3.01 | $0.47 | ||
| Q2 25 | $2.77 | $-0.05 | ||
| Q1 25 | $2.10 | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $2.68 | $-0.30 | ||
| Q2 24 | $2.37 | $0.51 |
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 | $980.0M |
| 股东权益账面价值 | $4.9B | $18.1B |
| 总资产 | $13.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.94× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LDOSSW
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $892.0M | ||
| Q3 25 | $930.0M | $851.0M | ||
| Q2 25 | $842.0M | $778.0M | ||
| Q1 25 | $943.0M | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $823.0M | $26.8K |
总债务LDOSSW
| Q1 26 | $4.6B | $980.0M | ||
| Q4 25 | $4.6B | $13.4B | ||
| Q3 25 | $5.0B | $13.3B | ||
| Q2 25 | $5.0B | $13.3B | ||
| Q1 25 | $4.1B | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | $4.1B | $13.2B | ||
| Q2 24 | $4.1B | — |
股东权益LDOSSW
| Q1 26 | $4.9B | $18.1B | ||
| Q4 25 | $4.9B | $18.3B | ||
| Q3 25 | $4.7B | $18.4B | ||
| Q2 25 | $4.3B | $18.3B | ||
| Q1 25 | $4.4B | $17.9B | ||
| Q4 24 | — | $17.4B | ||
| Q3 24 | $4.6B | $18.0B | ||
| Q2 24 | $4.5B | $14.5K |
总资产LDOSSW
| Q1 26 | $13.5B | $45.2B | ||
| Q4 25 | $13.5B | $45.2B | ||
| Q3 25 | $13.5B | $45.6B | ||
| Q2 25 | $13.2B | $45.7B | ||
| Q1 25 | $13.1B | $44.6B | ||
| Q4 24 | — | $43.8B | ||
| Q3 24 | $13.3B | $45.0B | ||
| Q2 24 | $12.9B | $26.8K |
负债/权益比LDOSSW
| Q1 26 | 0.94× | 0.05× | ||
| Q4 25 | 0.94× | 0.73× | ||
| Q3 25 | 1.07× | 0.72× | ||
| Q2 25 | 1.18× | 0.73× | ||
| Q1 25 | 0.92× | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | 0.88× | 0.73× | ||
| 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 | $204.0M |
| 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× | 3.24× |
| 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LDOSSW
| Q1 26 | $495.0M | $204.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $711.0M | $1.1B | ||
| Q2 25 | $58.0M | $829.0M | ||
| Q1 25 | $299.0M | $235.0M | ||
| Q4 24 | — | $781.0M | ||
| Q3 24 | $656.0M | $320.0M | ||
| Q2 24 | $374.0M | $340.0M |
自由现金流LDOSSW
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | $680.0M | $523.0M | ||
| Q2 25 | $36.0M | $307.0M | ||
| Q1 25 | $213.0M | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $633.0M | $-192.0M | ||
| Q2 24 | $351.0M | $163.0M |
自由现金流率LDOSSW
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 16.1% | 6.5% | ||
| Q2 25 | 0.9% | 3.9% | ||
| Q1 25 | 4.9% | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | 15.2% | -2.5% | ||
| Q2 24 | 8.5% | 5.5% |
资本支出强度LDOSSW
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | 0.7% | 7.6% | ||
| Q2 25 | 0.5% | 6.6% | ||
| Q1 25 | 2.0% | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 0.6% | 6.7% | ||
| Q2 24 | 0.6% | 6.0% |
现金转化率LDOSSW
| Q1 26 | 1.51× | 3.24× | ||
| Q4 25 | — | 12.32× | ||
| Q3 25 | 1.82× | 4.61× | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 1.05× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.16× | 2.58× |
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% |
SW
暂无分部数据
