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Leidos（LDOS）与Workday, Inc.（WDAY）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Workday, Inc.的1.7倍（$4.2B vs $2.4B），Workday, Inc.净利率更高（10.4% vs 7.8%，领先2.6%），Workday, Inc.同比增速更快（12.6% vs -3.5%），Workday, Inc.自由现金流更多（$550.0M vs $452.0M），过去两年Workday, Inc.的营收复合增速更高（12.5% 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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
LDOS vs WDAY — 直观对比
营收规模更大
LDOS
是对方的1.7倍
$2.4B
营收增速更快
WDAY
高出16.1%
-3.5%
净利率更高
WDAY
高出2.6%
7.8%
自由现金流更多
WDAY
多$98.0M
$452.0M
两年增速更快
WDAY
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.4B |
| 净利润 | $327.0M | $252.0M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 11.3% | 10.6% |
| 净利率 | 7.8% | 10.4% |
| 营收同比 | -3.5% | 12.6% |
| 净利润同比 | 15.1% | 30.6% |
| 每股收益（稀释后） | $2.54 | $0.94 |
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LDOSWDAY
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.2B | $2.3B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $4.3B | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $4.2B | $2.1B | ||
| Q2 24 | $4.1B | $2.0B |
净利润LDOSWDAY
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $252.0M | ||
| Q3 25 | $391.0M | $228.0M | ||
| Q2 25 | $363.0M | $68.0M | ||
| Q1 25 | $284.0M | $94.0M | ||
| Q4 24 | — | $193.0M | ||
| Q3 24 | $364.0M | $132.0M | ||
| Q2 24 | $322.0M | $107.0M |
毛利率LDOSWDAY
| 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LDOSWDAY
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 10.6% | ||
| Q3 25 | 13.5% | 10.6% | ||
| Q2 25 | 12.5% | 1.7% | ||
| Q1 25 | 9.7% | 3.4% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 12.4% | 5.3% | ||
| Q2 24 | 11.6% | 3.2% |
净利率LDOSWDAY
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 10.4% | ||
| Q3 25 | 9.2% | 9.7% | ||
| Q2 25 | 8.6% | 3.0% | ||
| Q1 25 | 6.5% | 4.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | 8.7% | 6.3% | ||
| Q2 24 | 7.8% | 5.4% |
每股收益（稀释后）LDOSWDAY
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | $0.94 | ||
| Q3 25 | $3.01 | $0.84 | ||
| Q2 25 | $2.77 | $0.25 | ||
| Q1 25 | $2.10 | $0.34 | ||
| Q4 24 | — | $0.72 | ||
| Q3 24 | $2.68 | $0.49 | ||
| Q2 24 | $2.37 | $0.40 |
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 | $6.8B |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $4.9B | $8.9B |
| 总资产 | $13.5B | $17.8B |
| 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LDOSWDAY
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $6.8B | ||
| Q3 25 | $930.0M | $8.2B | ||
| Q2 25 | $842.0M | $8.0B | ||
| Q1 25 | $943.0M | $8.0B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | $1.2B | $7.4B | ||
| Q2 24 | $823.0M | $7.2B |
总债务LDOSWDAY
| 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 | $3.0B |
股东权益LDOSWDAY
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $8.9B | ||
| Q3 25 | $4.7B | $9.2B | ||
| Q2 25 | $4.3B | $8.9B | ||
| Q1 25 | $4.4B | $9.0B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | $4.6B | $8.3B | ||
| Q2 24 | $4.5B | $8.2B |
总资产LDOSWDAY
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $17.8B | ||
| Q3 25 | $13.5B | $18.0B | ||
| Q2 25 | $13.2B | $17.2B | ||
| Q1 25 | $13.1B | $18.0B | ||
| Q4 24 | — | $16.4B | ||
| Q3 24 | $13.3B | $16.2B | ||
| Q2 24 | $12.9B | $15.9B |
负债/权益比LDOSWDAY
| 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× | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $452.0M | $550.0M |
| 自由现金流率自由现金流/营收 | 10.8% | 22.6% |
| 资本支出强度资本支出/营收 | 1.0% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.51× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流LDOSWDAY
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $588.0M | ||
| Q3 25 | $711.0M | $616.0M | ||
| Q2 25 | $58.0M | $457.0M | ||
| Q1 25 | $299.0M | $1.1B | ||
| Q4 24 | — | $406.0M | ||
| Q3 24 | $656.0M | $571.0M | ||
| Q2 24 | $374.0M | $372.0M |
自由现金流LDOSWDAY
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $550.0M | ||
| Q3 25 | $680.0M | $588.0M | ||
| Q2 25 | $36.0M | $421.0M | ||
| Q1 25 | $213.0M | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | $633.0M | $516.0M | ||
| Q2 24 | $351.0M | $291.0M |
自由现金流率LDOSWDAY
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | 16.1% | 25.0% | ||
| Q2 25 | 0.9% | 18.8% | ||
| Q1 25 | 4.9% | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 15.2% | 24.7% | ||
| Q2 24 | 8.5% | 14.6% |
资本支出强度LDOSWDAY
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 0.5% | 1.6% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 0.6% | 4.1% |
现金转化率LDOSWDAY
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.82× | 2.70× | ||
| Q2 25 | 0.16× | 6.72× | ||
| Q1 25 | 1.05× | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | 1.80× | 4.33× | ||
| Q2 24 | 1.16× | 3.48× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
