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L3Harris（LHX）与Lowe's（LOW）财务数据对比。点击上方公司名可切换其他公司
L3Harris的季度营收约是Lowe's的1.1倍（$21.9B vs $20.8B），Lowe's同比增速更快（3.2% vs 2.5%），过去两年L3Harris的营收复合增速更高（102.4% vs -8.7%）
L3Harris Technologies是美国科技企业、国防承包商及信息技术服务提供商，产品涵盖指挥控制系统、无线设备、战术电台、航电与电子系统、夜视设备、C3ISR系统、海洋系统、导航产品、训练设备及服务、陆基与星载天线等，主要服务政府领域客户。
Lowe's是美国知名家居建材零售企业，总部位于北卡罗来纳州穆尔斯维尔，主营家居改善类相关产品的线下零售业务。截至2022年10月，该公司及旗下关联业务在北美地区共运营2181家家居建材及五金门店，服务普通消费者及专业装修从业人员。
LHX vs LOW — 直观对比
营收规模更大
LHX
是对方的1.1倍
$20.8B
营收增速更快
LOW
高出0.7%
2.5%
两年增速更快
LHX
近两年复合增速
-8.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $21.9B | $20.8B |
| 净利润 | — | $1.6B |
| 毛利率 | 25.7% | 34.2% |
| 营业利润率 | 9.7% | 11.9% |
| 净利率 | — | 7.8% |
| 营收同比 | 2.5% | 3.2% |
| 净利润同比 | — | -4.7% |
| 每股收益（稀释后） | — | $2.88 |
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LHXLOW
| Q1 26 | $21.9B | — | ||
| Q4 25 | $5.7B | $20.8B | ||
| Q2 25 | $5.4B | $20.9B | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | — | $20.2B | ||
| Q3 24 | $5.3B | $23.6B | ||
| Q2 24 | $5.3B | $21.4B | ||
| Q1 24 | $5.2B | $18.6B |
净利润LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | $462.0M | $1.6B | ||
| Q2 25 | $458.0M | $1.6B | ||
| Q1 25 | $453.0M | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $400.0M | $2.4B | ||
| Q2 24 | $366.0M | $1.8B | ||
| Q1 24 | $283.0M | $1.0B |
毛利率LHXLOW
| Q1 26 | 25.7% | — | ||
| Q4 25 | 26.4% | 34.2% | ||
| Q2 25 | 24.6% | 33.4% | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | 26.8% | 33.5% | ||
| Q2 24 | 25.7% | 33.2% | ||
| Q1 24 | 25.9% | 32.4% |
营业利润率LHXLOW
| Q1 26 | 9.7% | — | ||
| Q4 25 | 11.0% | 11.9% | ||
| Q2 25 | 10.5% | 11.9% | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 9.4% | 14.6% | ||
| Q2 24 | 9.0% | 12.4% | ||
| Q1 24 | 7.3% | 9.1% |
净利率LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 7.8% | ||
| Q2 25 | 8.4% | 7.8% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 7.6% | 10.1% | ||
| Q2 24 | 6.9% | 8.2% | ||
| Q1 24 | 5.4% | 5.5% |
每股收益（稀释后）LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | $2.46 | $2.88 | ||
| Q2 25 | $2.44 | $2.92 | ||
| Q1 25 | $2.37 | — | ||
| Q4 24 | — | $2.99 | ||
| Q3 24 | $2.10 | $4.17 | ||
| Q2 24 | $1.92 | $3.06 | ||
| Q1 24 | $1.48 | $1.81 |
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 | $1.0B |
| 总债务越低越好 | $10.4B | $37.5B |
| 股东权益账面价值 | $19.6B | $-10.4B |
| 总资产 | $41.2B | $53.5B |
| 负债/权益比越低杠杆越低 | 0.53× | — |
8季度趋势，按日历期对齐
现金及短期投资LHXLOW
| Q1 26 | $1.1B | — | ||
| Q4 25 | $339.0M | $1.0B | ||
| Q2 25 | $482.0M | $3.4B | ||
| Q1 25 | $615.0M | — | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $539.0M | $4.7B | ||
| Q2 24 | $547.0M | $3.5B | ||
| Q1 24 | $477.0M | $1.2B |
总债务LHXLOW
| Q1 26 | $10.4B | — | ||
| Q4 25 | $11.0B | $37.5B | ||
| Q2 25 | $11.0B | $30.5B | ||
| Q1 25 | $11.1B | — | ||
| Q4 24 | — | $32.9B | ||
| Q3 24 | $11.1B | $34.7B | ||
| Q2 24 | $10.5B | $34.6B | ||
| Q1 24 | $11.1B | $35.4B |
股东权益LHXLOW
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.5B | $-10.4B | ||
| Q2 25 | $19.3B | $-13.3B | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | — | $-13.4B | ||
| Q3 24 | $19.0B | $-13.8B | ||
| Q2 24 | $18.8B | $-14.6B | ||
| Q1 24 | $18.7B | $-15.1B |
总资产LHXLOW
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $53.5B | ||
| Q2 25 | $41.2B | $45.4B | ||
| Q1 25 | $42.0B | — | ||
| Q4 24 | — | $44.7B | ||
| Q3 24 | $41.9B | $44.9B | ||
| Q2 24 | $41.7B | $45.4B | ||
| Q1 24 | $41.8B | $41.8B |
负债/权益比LHXLOW
| Q1 26 | 0.53× | — | ||
| Q4 25 | 0.56× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.60× | — |
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 | — | $687.0M |
| 自由现金流经营现金流 - 资本支出 | — | $90.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | — | 0.43× |
| 过去12个月自由现金流最近4个季度 | — | $6.4B |
8季度趋势，按日历期对齐
经营现金流LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | $546.0M | $687.0M | ||
| Q2 25 | $640.0M | $3.4B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $780.0M | $3.2B | ||
| Q2 24 | $754.0M | $4.3B | ||
| Q1 24 | $-104.0M | $1.1B |
自由现金流LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | $427.0M | $90.0M | ||
| Q2 25 | $552.0M | $2.9B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | $702.0M | $2.7B | ||
| Q2 24 | $657.0M | $3.9B | ||
| Q1 24 | $-219.0M | $488.0M |
自由现金流率LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 0.4% | ||
| Q2 25 | 10.2% | 13.7% | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 13.3% | 11.6% | ||
| Q2 24 | 12.4% | 18.2% | ||
| Q1 24 | -4.2% | 2.6% |
资本支出强度LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 2.9% | ||
| Q2 25 | 1.6% | 2.5% | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | 1.5% | 1.8% | ||
| Q2 24 | 1.8% | 1.8% | ||
| Q1 24 | 2.2% | 3.3% |
现金转化率LHXLOW
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | 0.43× | ||
| Q2 25 | 1.40× | 2.06× | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | 1.95× | 1.32× | ||
| Q2 24 | 2.06× | 2.43× | ||
| Q1 24 | -0.37× | 1.09× |
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
LHX
| Space And Airborne Systems Segment | $6.9B | 32% |
| Integrated Mission Systems Segment | $6.6B | 30% |
| Communication Systems Segment | $5.7B | 26% |
| Aerojet Rocketdyne Segment | $2.8B | 13% |
LOW
| Home Decor | $7.8B | 37% |
| Building Products | $6.9B | 33% |
| Hardlines | $5.1B | 25% |
| Services | $753.0M | 4% |
| Other | $384.0M | 2% |
