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帕森斯公司（PSN）与Science Applications International Corp（SAIC）财务数据对比。点击上方公司名可切换其他公司
Science Applications International Corp的季度营收约是帕森斯公司的1.2倍（$1.9B vs $1.6B）。Science Applications International Corp净利率更高（4.2% vs 3.5%，领先0.7%）。Science Applications International Corp同比增速更快（2.6% vs -7.5%）。帕森斯公司自由现金流更多（$135.6M vs $120.0M）。过去两年Science Applications International Corp的营收复合增速更高（2.3% vs 2.2%）
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
科学应用国际公司（SAIC）是一家总部位于美国弗吉尼亚州雷斯顿的科技企业，主要为政府机构提供专业服务与信息技术支持，在公共部门技术服务领域拥有丰富的行业经验与技术积累。
PSN vs SAIC — 直观对比
营收规模更大
SAIC
是对方的1.2倍
$1.6B
营收增速更快
SAIC
高出10.2%
-7.5%
净利率更高
SAIC
高出0.7%
3.5%
自由现金流更多
PSN
多$15.6M
$120.0M
两年增速更快
SAIC
近两年复合增速
2.2%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.9B |
| 净利润 | $55.6M | $78.0M |
| 毛利率 | 23.0% | 12.2% |
| 营业利润率 | 6.6% | 6.9% |
| 净利率 | 3.5% | 4.2% |
| 营收同比 | -7.5% | 2.6% |
| 净利润同比 | -72.4% | -3.7% |
| 每股收益（稀释后） | $0.51 | $1.69 |
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PSNSAIC
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.7B | $2.0B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.5B | $1.7B |
净利润PSNSAIC
| Q4 25 | $55.6M | $78.0M | ||
| Q3 25 | $64.1M | — | ||
| Q2 25 | $55.2M | $68.0M | ||
| Q1 25 | $66.2M | — | ||
| Q4 24 | $201.3M | $106.0M | ||
| Q3 24 | $72.0M | $81.0M | ||
| Q2 24 | $69.2M | $77.0M | ||
| Q1 24 | $-107.4M | $39.0M |
毛利率PSNSAIC
| Q4 25 | 23.0% | 12.2% | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 22.0% | 11.1% | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 21.3% | 12.0% | ||
| Q3 24 | 19.9% | 11.6% | ||
| Q2 24 | 21.0% | 11.5% | ||
| Q1 24 | 21.2% | 11.1% |
营业利润率PSNSAIC
| Q4 25 | 6.6% | 6.9% | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 6.0% | 6.4% | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 5.8% | 8.1% | ||
| Q3 24 | 6.4% | 7.4% | ||
| Q2 24 | 6.7% | 7.1% | ||
| Q1 24 | 6.6% | 4.5% |
净利率PSNSAIC
| Q4 25 | 3.5% | 4.2% | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 3.5% | 3.6% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 11.6% | 5.4% | ||
| Q3 24 | 4.0% | 4.5% | ||
| Q2 24 | 4.1% | 4.2% | ||
| Q1 24 | -7.0% | 2.2% |
每股收益（稀释后）PSNSAIC
| Q4 25 | $0.51 | $1.69 | ||
| Q3 25 | $0.59 | — | ||
| Q2 25 | $0.50 | $1.42 | ||
| Q1 25 | $0.60 | — | ||
| Q4 24 | $1.85 | $2.13 | ||
| Q3 24 | $0.65 | $1.58 | ||
| Q2 24 | $0.63 | $1.48 | ||
| Q1 24 | $-1.01 | $0.77 |
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 | $466.4M | $45.0M |
| 总债务越低越好 | $1.2B | $2.5B |
| 股东权益账面价值 | $2.6B | $1.5B |
| 总资产 | $5.8B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.47× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资PSNSAIC
| Q4 25 | $466.4M | $45.0M | ||
| Q3 25 | $422.6M | — | ||
| Q2 25 | $411.3M | $47.0M | ||
| Q1 25 | $269.7M | — | ||
| Q4 24 | $453.5M | $46.0M | ||
| Q3 24 | $558.8M | $48.0M | ||
| Q2 24 | $528.5M | $49.0M | ||
| Q1 24 | $423.1M | $94.0M |
总债务PSNSAIC
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $785.2M | — | ||
| Q4 24 | $784.1M | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.2B | $2.1B |
股东权益PSNSAIC
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.2B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
总资产PSNSAIC
| Q4 25 | $5.8B | $5.4B | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.7B | $5.2B | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.5B | $5.3B | ||
| Q3 24 | $5.4B | $5.3B | ||
| Q2 24 | $5.2B | $5.3B | ||
| Q1 24 | $5.1B | $5.3B |
负债/权益比PSNSAIC
| Q4 25 | 0.47× | 1.64× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | 1.52× | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | 1.34× | ||
| Q3 24 | 0.49× | 1.33× | ||
| Q2 24 | 0.56× | 1.18× | ||
| Q1 24 | 0.58× | 1.18× |
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 | $167.5M | $129.0M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $120.0M |
| 自由现金流率自由现金流/营收 | 8.5% | 6.4% |
| 资本支出强度资本支出/营收 | 2.0% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.01× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $410.4M | $478.0M |
8季度趋势，按日历期对齐
经营现金流PSNSAIC
| Q4 25 | $167.5M | $129.0M | ||
| Q3 25 | $162.8M | — | ||
| Q2 25 | $159.8M | $100.0M | ||
| Q1 25 | $-11.8M | — | ||
| Q4 24 | $126.8M | $143.0M | ||
| Q3 24 | $299.0M | $138.0M | ||
| Q2 24 | $161.2M | $98.0M | ||
| Q1 24 | $-63.4M | $63.0M |
自由现金流PSNSAIC
| Q4 25 | $135.6M | $120.0M | ||
| Q3 25 | $149.7M | — | ||
| Q2 25 | $150.4M | $92.0M | ||
| Q1 25 | $-25.3M | — | ||
| Q4 24 | $108.0M | $134.0M | ||
| Q3 24 | $287.3M | $132.0M | ||
| Q2 24 | $152.0M | $92.0M | ||
| Q1 24 | $-72.9M | $52.0M |
自由现金流率PSNSAIC
| Q4 25 | 8.5% | 6.4% | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 9.5% | 4.9% | ||
| Q1 25 | -1.6% | — | ||
| Q4 24 | 6.2% | 6.8% | ||
| Q3 24 | 15.9% | 7.3% | ||
| Q2 24 | 9.1% | 5.0% | ||
| Q1 24 | -4.7% | 3.0% |
资本支出强度PSNSAIC
| Q4 25 | 2.0% | 0.5% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 0.6% | 0.6% |
现金转化率PSNSAIC
| Q4 25 | 3.01× | 1.65× | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 2.89× | 1.47× | ||
| Q1 25 | -0.18× | — | ||
| Q4 24 | 0.63× | 1.35× | ||
| Q3 24 | 4.16× | 1.70× | ||
| Q2 24 | 2.33× | 1.27× | ||
| Q1 24 | — | 1.62× |
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
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
