vs
Leidos（LDOS）与WEC Energy Group（WEC）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WEC Energy Group的1.7倍（$4.2B vs $2.5B），WEC Energy Group净利率更高（12.5% vs 7.8%，领先4.7%），WEC Energy Group同比增速更快（11.1% vs -3.5%），过去两年Leidos的营收复合增速更高（3.1% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
LDOS vs WEC — 直观对比
营收规模更大
LDOS
是对方的1.7倍
$2.5B
营收增速更快
WEC
高出14.6%
-3.5%
净利率更高
WEC
高出4.7%
7.8%
两年增速更快
LDOS
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.5B |
| 净利润 | $327.0M | $316.8M |
| 毛利率 | 17.4% | 63.7% |
| 营业利润率 | 11.3% | 17.9% |
| 净利率 | 7.8% | 12.5% |
| 营收同比 | -3.5% | 11.1% |
| 净利润同比 | 15.1% | -30.1% |
| 每股收益（稀释后） | $2.54 | — |
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LDOSWEC
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $4.2B | $2.1B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $4.3B | $3.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $4.2B | $1.9B | ||
| Q2 24 | $4.1B | $1.8B |
净利润LDOSWEC
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $316.8M | ||
| Q3 25 | $391.0M | $270.2M | ||
| Q2 25 | $363.0M | $243.0M | ||
| Q1 25 | $284.0M | $725.5M | ||
| Q4 24 | — | $453.1M | ||
| Q3 24 | $364.0M | $238.6M | ||
| Q2 24 | $322.0M | $210.0M |
毛利率LDOSWEC
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | 63.7% | ||
| Q3 25 | 18.0% | 71.1% | ||
| Q2 25 | 17.5% | 71.6% | ||
| Q1 25 | 15.6% | 63.0% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | 17.8% | 72.1% | ||
| Q2 24 | 16.6% | 73.5% |
营业利润率LDOSWEC
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 17.9% | ||
| Q3 25 | 13.5% | 21.4% | ||
| Q2 25 | 12.5% | 20.1% | ||
| Q1 25 | 9.7% | 29.8% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 12.4% | 20.6% | ||
| Q2 24 | 11.6% | 20.6% |
净利率LDOSWEC
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 12.5% | ||
| Q3 25 | 9.2% | 12.8% | ||
| Q2 25 | 8.6% | 12.1% | ||
| Q1 25 | 6.5% | 23.0% | ||
| Q4 24 | — | 19.8% | ||
| Q3 24 | 8.7% | 12.8% | ||
| Q2 24 | 7.8% | 11.9% |
每股收益（稀释后）LDOSWEC
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | — | ||
| Q3 25 | $3.01 | — | ||
| Q2 25 | $2.77 | — | ||
| Q1 25 | $2.10 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.68 | — | ||
| Q2 24 | $2.37 | — |
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 | $27.6M |
| 总债务越低越好 | $4.6B | $20.0B |
| 股东权益账面价值 | $4.9B | $14.1B |
| 总资产 | $13.5B | $51.5B |
| 负债/权益比越低杠杆越低 | 0.94× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资LDOSWEC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $27.6M | ||
| Q3 25 | $930.0M | $51.1M | ||
| Q2 25 | $842.0M | $23.0M | ||
| Q1 25 | $943.0M | $82.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $1.2B | $322.5M | ||
| Q2 24 | $823.0M | $224.0M |
总债务LDOSWEC
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $20.0B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | — | $18.9B | ||
| Q3 24 | $4.1B | $16.9B | ||
| Q2 24 | $4.1B | $16.9B |
股东权益LDOSWEC
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $14.1B | ||
| Q3 25 | $4.7B | $14.0B | ||
| Q2 25 | $4.3B | $13.7B | ||
| Q1 25 | $4.4B | $13.4B | ||
| Q4 24 | — | $12.8B | ||
| Q3 24 | $4.6B | $12.4B | ||
| Q2 24 | $4.5B | $12.4B |
总资产LDOSWEC
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $51.5B | ||
| Q3 25 | $13.5B | $49.8B | ||
| Q2 25 | $13.2B | $48.5B | ||
| Q1 25 | $13.1B | $48.2B | ||
| Q4 24 | — | $47.4B | ||
| Q3 24 | $13.3B | $45.2B | ||
| Q2 24 | $12.9B | $44.6B |
负债/权益比LDOSWEC
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 1.42× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 0.88× | 1.36× | ||
| Q2 24 | 0.92× | 1.36× |
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 | $424.6M |
| 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× | 1.34× |
| 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LDOSWEC
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $424.6M | ||
| Q3 25 | $711.0M | $938.9M | ||
| Q2 25 | $58.0M | $853.3M | ||
| Q1 25 | $299.0M | $1.2B | ||
| Q4 24 | — | $581.8M | ||
| Q3 24 | $656.0M | $729.0M | ||
| Q2 24 | $374.0M | $1.0B |
自由现金流LDOSWEC
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $680.0M | $-625.7M | ||
| Q2 25 | $36.0M | $23.9M | ||
| Q1 25 | $213.0M | $461.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $633.0M | $-67.3M | ||
| Q2 24 | $351.0M | $343.5M |
自由现金流率LDOSWEC
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.1% | -29.7% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 4.9% | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.2% | -3.6% | ||
| Q2 24 | 8.5% | 19.4% |
资本支出强度LDOSWEC
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.7% | 74.4% | ||
| Q2 25 | 0.5% | 41.3% | ||
| Q1 25 | 2.0% | 22.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.6% | 42.7% | ||
| Q2 24 | 0.6% | 39.2% |
现金转化率LDOSWEC
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 1.82× | 3.47× | ||
| Q2 25 | 0.16× | 3.51× | ||
| Q1 25 | 1.05× | 1.60× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | 1.80× | 3.06× | ||
| Q2 24 | 1.16× | 4.94× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
