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Leidos（LDOS）与United Rentals（URI）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United Rentals的1.1倍（$4.2B vs $4.0B），United Rentals净利率更高（13.3% vs 7.8%，领先5.5%），United Rentals同比增速更快（7.2% vs -3.5%），United Rentals自由现金流更多（$1.1B vs $452.0M），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
LDOS vs URI — 直观对比
营收规模更大
LDOS
是对方的1.1倍
$4.0B
营收增速更快
URI
高出10.6%
-3.5%
净利率更高
URI
高出5.5%
7.8%
自由现金流更多
URI
多$602.0M
$452.0M
两年增速更快
URI
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $4.0B |
| 净利润 | $327.0M | $531.0M |
| 毛利率 | 17.4% | 36.9% |
| 营业利润率 | 11.3% | 21.8% |
| 净利率 | 7.8% | 13.3% |
| 营收同比 | -3.5% | 7.2% |
| 净利润同比 | 15.1% | 2.5% |
| 每股收益（稀释后） | $2.54 | $8.43 |
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LDOSURI
| Q1 26 | $4.2B | $4.0B | ||
| Q4 25 | $4.4B | $992.0M | ||
| Q3 25 | $4.2B | $938.0M | ||
| Q2 25 | $4.2B | $872.0M | ||
| Q1 25 | $4.3B | $893.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $4.2B | $874.0M | ||
| Q2 24 | $4.1B | $870.0M |
净利润LDOSURI
| Q1 26 | $327.0M | $531.0M | ||
| Q4 25 | $367.0M | $653.0M | ||
| Q3 25 | $391.0M | $701.0M | ||
| Q2 25 | $363.0M | $622.0M | ||
| Q1 25 | $284.0M | $518.0M | ||
| Q4 24 | — | $689.0M | ||
| Q3 24 | $364.0M | $708.0M | ||
| Q2 24 | $322.0M | $636.0M |
毛利率LDOSURI
| Q1 26 | 17.4% | 36.9% | ||
| 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LDOSURI
| Q1 26 | 11.3% | 21.8% | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 9.7% | 90.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 11.6% | — |
净利率LDOSURI
| Q1 26 | 7.8% | 13.3% | ||
| Q4 25 | 8.2% | 65.8% | ||
| Q3 25 | 9.2% | 74.7% | ||
| Q2 25 | 8.6% | 71.3% | ||
| Q1 25 | 6.5% | 58.0% | ||
| Q4 24 | — | 67.6% | ||
| Q3 24 | 8.7% | 81.0% | ||
| Q2 24 | 7.8% | 73.1% |
每股收益（稀释后）LDOSURI
| Q1 26 | $2.54 | $8.43 | ||
| Q4 25 | $2.82 | $10.20 | ||
| Q3 25 | $3.01 | $10.91 | ||
| Q2 25 | $2.77 | $9.59 | ||
| Q1 25 | $2.10 | $7.91 | ||
| Q4 24 | — | $10.41 | ||
| Q3 24 | $2.68 | $10.70 | ||
| Q2 24 | $2.37 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $4.6B | $13.9B |
| 股东权益账面价值 | $4.9B | $9.0B |
| 总资产 | $13.5B | $29.9B |
| 负债/权益比越低杠杆越低 | 0.94× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资LDOSURI
| Q1 26 | $1.1B | $156.0M | ||
| Q4 25 | $974.0M | $459.0M | ||
| Q3 25 | $930.0M | $512.0M | ||
| Q2 25 | $842.0M | $548.0M | ||
| Q1 25 | $943.0M | $542.0M | ||
| Q4 24 | — | $457.0M | ||
| Q3 24 | $1.2B | $479.0M | ||
| Q2 24 | $823.0M | $467.0M |
总债务LDOSURI
| Q1 26 | $4.6B | $13.9B | ||
| Q4 25 | $4.6B | $12.7B | ||
| Q3 25 | $5.0B | $12.6B | ||
| Q2 25 | $5.0B | $12.1B | ||
| Q1 25 | $4.1B | $11.5B | ||
| Q4 24 | — | $12.2B | ||
| Q3 24 | $4.1B | $11.9B | ||
| Q2 24 | $4.1B | $11.5B |
股东权益LDOSURI
| Q1 26 | $4.9B | $9.0B | ||
| Q4 25 | $4.9B | $9.0B | ||
| Q3 25 | $4.7B | $9.0B | ||
| Q2 25 | $4.3B | $9.0B | ||
| Q1 25 | $4.4B | $8.8B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | $4.6B | $8.6B | ||
| Q2 24 | $4.5B | $8.3B |
总资产LDOSURI
| Q1 26 | $13.5B | $29.9B | ||
| Q4 25 | $13.5B | $29.9B | ||
| Q3 25 | $13.5B | $30.1B | ||
| Q2 25 | $13.2B | $29.2B | ||
| Q1 25 | $13.1B | $28.1B | ||
| Q4 24 | — | $28.2B | ||
| Q3 24 | $13.3B | $28.4B | ||
| Q2 24 | $12.9B | $27.6B |
负债/权益比LDOSURI
| Q1 26 | 0.94× | 1.55× | ||
| Q4 25 | 0.94× | 1.41× | ||
| Q3 25 | 1.07× | 1.40× | ||
| Q2 25 | 1.18× | 1.34× | ||
| Q1 25 | 0.92× | 1.31× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | 0.88× | 1.38× | ||
| Q2 24 | 0.92× | 1.39× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $452.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 10.8% | 26.4% |
| 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× | 2.85× |
| 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LDOSURI
| Q1 26 | $495.0M | $1.5B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $711.0M | $1.2B | ||
| Q2 25 | $58.0M | $1.3B | ||
| Q1 25 | $299.0M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $656.0M | $1.2B | ||
| Q2 24 | $374.0M | $1.3B |
自由现金流LDOSURI
| Q1 26 | $452.0M | $1.1B | ||
| Q4 25 | — | — | ||
| Q3 25 | $680.0M | — | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | — | $471.0M | ||
| Q3 24 | $633.0M | $-168.0M | ||
| Q2 24 | $351.0M | $-263.0M |
自由现金流率LDOSURI
| Q1 26 | 10.8% | 26.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | — | 46.2% | ||
| Q3 24 | 15.2% | -19.2% | ||
| Q2 24 | 8.5% | -30.2% |
资本支出强度LDOSURI
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | 0.6% | 157.0% | ||
| Q2 24 | 0.6% | 175.6% |
现金转化率LDOSURI
| Q1 26 | 1.51× | 2.85× | ||
| Q4 25 | — | 1.92× | ||
| Q3 25 | 1.82× | 1.68× | ||
| Q2 25 | 0.16× | 2.14× | ||
| Q1 25 | 1.05× | 2.75× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 1.80× | 1.70× | ||
| Q2 24 | 1.16× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
