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Science Applications International Corp（SAIC）与托尔工业（THO）财务数据对比。点击上方公司名可切换其他公司
托尔工业的季度营收约是Science Applications International Corp的1.3倍（$2.4B vs $1.9B），Science Applications International Corp净利率更高（4.2% vs 0.9%，领先3.3%），托尔工业同比增速更快（11.5% vs 2.6%），Science Applications International Corp自由现金流更多（$120.0M vs $-74.8M），过去两年托尔工业的营收复合增速更高（4.0% vs 2.3%）
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。
托尔工业是美国知名休闲房车（RV）生产商，旗下拥有Airstream、Heartland RV、Jayco等多个子品牌，主营拖挂式及自行式休闲房车的生产销售，总部位于印第安纳州埃尔克哈特，在密歇根、俄亥俄、爱达荷、俄勒冈等多个州设有生产基地。
SAIC vs THO — 直观对比
营收规模更大
THO
是对方的1.3倍
$1.9B
营收增速更快
THO
高出8.9%
2.6%
净利率更高
SAIC
高出3.3%
0.9%
自由现金流更多
SAIC
多$194.8M
$-74.8M
两年增速更快
THO
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $78.0M | $21.7M |
| 毛利率 | 12.2% | 13.4% |
| 营业利润率 | 6.9% | 1.4% |
| 净利率 | 4.2% | 0.9% |
| 营收同比 | 2.6% | 11.5% |
| 净利润同比 | -3.7% | 1282.8% |
| 每股收益（稀释后） | $1.69 | $0.41 |
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SAICTHO
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.8B | $2.8B | ||
| Q1 24 | $1.7B | $2.2B |
净利润SAICTHO
| Q4 25 | $78.0M | $21.7M | ||
| Q3 25 | — | $125.8M | ||
| Q2 25 | $68.0M | $135.2M | ||
| Q1 25 | — | $-551.0K | ||
| Q4 24 | $106.0M | $-1.8M | ||
| Q3 24 | $81.0M | $90.0M | ||
| Q2 24 | $77.0M | $114.5M | ||
| Q1 24 | $39.0M | $7.2M |
毛利率SAICTHO
| Q4 25 | 12.2% | 13.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | 11.1% | 15.3% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | 12.0% | 13.1% | ||
| Q3 24 | 11.6% | 15.8% | ||
| Q2 24 | 11.5% | 15.1% | ||
| Q1 24 | 11.1% | 12.3% |
营业利润率SAICTHO
| Q4 25 | 6.9% | 1.4% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | 6.4% | 5.4% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | 8.1% | -0.1% | ||
| Q3 24 | 7.4% | 5.0% | ||
| Q2 24 | 7.1% | 5.1% | ||
| Q1 24 | 4.5% | 0.3% |
净利率SAICTHO
| Q4 25 | 4.2% | 0.9% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | 3.6% | 4.7% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | 5.4% | -0.1% | ||
| Q3 24 | 4.5% | 3.6% | ||
| Q2 24 | 4.2% | 4.1% | ||
| Q1 24 | 2.2% | 0.3% |
每股收益（稀释后）SAICTHO
| Q4 25 | $1.69 | $0.41 | ||
| Q3 25 | — | $2.35 | ||
| Q2 25 | $1.42 | $2.53 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | $2.13 | $-0.03 | ||
| Q3 24 | $1.58 | $1.69 | ||
| Q2 24 | $1.48 | $2.13 | ||
| Q1 24 | $0.77 | $0.13 |
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 | $45.0M | $509.9M |
| 总债务越低越好 | $2.5B | $916.0M |
| 股东权益账面价值 | $1.5B | $4.3B |
| 总资产 | $5.4B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.64× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资SAICTHO
| Q4 25 | $45.0M | $509.9M | ||
| Q3 25 | — | $586.6M | ||
| Q2 25 | $47.0M | $508.3M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | $46.0M | $445.2M | ||
| Q3 24 | $48.0M | $501.3M | ||
| Q2 24 | $49.0M | $371.8M | ||
| Q1 24 | $94.0M | $340.2M |
总债务SAICTHO
| Q4 25 | $2.5B | $916.0M | ||
| Q3 25 | — | $923.0M | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.1B | $1.4B |
股东权益SAICTHO
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $1.5B | $4.2B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $1.6B | $4.1B | ||
| Q3 24 | $1.6B | $4.1B | ||
| Q2 24 | $1.8B | $4.0B | ||
| Q1 24 | $1.8B | $3.9B |
总资产SAICTHO
| Q4 25 | $5.4B | $7.0B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | $5.2B | $7.2B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $5.3B | $6.9B | ||
| Q3 24 | $5.3B | $7.0B | ||
| Q2 24 | $5.3B | $7.2B | ||
| Q1 24 | $5.3B | $7.2B |
负债/权益比SAICTHO
| Q4 25 | 1.64× | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | 1.52× | 0.24× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 1.34× | 0.27× | ||
| Q3 24 | 1.33× | 0.28× | ||
| Q2 24 | 1.18× | 0.31× | ||
| Q1 24 | 1.18× | 0.36× |
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 | $129.0M | $-44.9M |
| 自由现金流经营现金流 - 资本支出 | $120.0M | $-74.8M |
| 自由现金流率自由现金流/营收 | 6.4% | -3.1% |
| 资本支出强度资本支出/营收 | 0.5% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.65× | -2.07× |
| 过去12个月自由现金流最近4个季度 | $478.0M | $375.1M |
8季度趋势，按日历期对齐
经营现金流SAICTHO
| Q4 25 | $129.0M | $-44.9M | ||
| Q3 25 | — | $258.7M | ||
| Q2 25 | $100.0M | $257.7M | ||
| Q1 25 | — | $30.8M | ||
| Q4 24 | $143.0M | $30.7M | ||
| Q3 24 | $138.0M | $338.0M | ||
| Q2 24 | $98.0M | $251.7M | ||
| Q1 24 | $63.0M | $-103.9M |
自由现金流SAICTHO
| Q4 25 | $120.0M | $-74.8M | ||
| Q3 25 | — | $221.6M | ||
| Q2 25 | $92.0M | $222.5M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | $134.0M | $6.4M | ||
| Q3 24 | $132.0M | $301.3M | ||
| Q2 24 | $92.0M | $225.4M | ||
| Q1 24 | $52.0M | $-140.2M |
自由现金流率SAICTHO
| Q4 25 | 6.4% | -3.1% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | 4.9% | 7.7% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 6.8% | 0.3% | ||
| Q3 24 | 7.3% | 11.9% | ||
| Q2 24 | 5.0% | 8.0% | ||
| Q1 24 | 3.0% | -6.4% |
资本支出强度SAICTHO
| Q4 25 | 0.5% | 1.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | 0.4% | 1.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.3% | 1.4% | ||
| Q2 24 | 0.3% | 0.9% | ||
| Q1 24 | 0.6% | 1.6% |
现金转化率SAICTHO
| Q4 25 | 1.65× | -2.07× | ||
| Q3 25 | — | 2.06× | ||
| Q2 25 | 1.47× | 1.91× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.70× | 3.76× | ||
| Q2 24 | 1.27× | 2.20× | ||
| Q1 24 | 1.62× | -14.39× |
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
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
THO
| Other | $417.1M | 17% |
| Travel Trailers | $403.6M | 17% |
| Motorcaravan | $391.9M | 16% |
| Fifth Wheels Towables | $306.9M | 13% |
| Classc Motorized | $297.2M | 12% |
| Campervan | $188.3M | 8% |
| Classa Motorized | $169.9M | 7% |
| Classb Motorized | $110.0M | 5% |
| Other Rv Related | $70.0M | 3% |
| Caravan | $34.3M | 1% |
