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Science Applications International Corp（SAIC）与Waystar Holding Corp.（WAY）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Waystar Holding Corp.的6.1倍（$1.9B vs $303.5M）。Waystar Holding Corp.净利率更高（6.6% vs 4.2%，领先2.4%）。Waystar Holding Corp.同比增速更快（24.3% vs 2.6%）。Science Applications International Corp自由现金流更多（$120.0M vs $57.2M）。过去两年Waystar Holding Corp.的营收复合增速更高（16.2% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
SAIC vs WAY — 直观对比
营收规模更大
SAIC
是对方的6.1倍
$303.5M
营收增速更快
WAY
高出21.7%
2.6%
净利率更高
WAY
高出2.4%
4.2%
自由现金流更多
SAIC
多$62.8M
$57.2M
两年增速更快
WAY
近两年复合增速
2.3%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $303.5M |
| 净利润 | $78.0M | $20.0M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 6.9% | 19.4% |
| 净利率 | 4.2% | 6.6% |
| 营收同比 | 2.6% | 24.3% |
| 净利润同比 | -3.7% | 4.8% |
| 每股收益（稀释后） | $1.69 | $0.10 |
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SAICWAY
| Q4 25 | $1.9B | $303.5M | ||
| Q3 25 | — | $268.7M | ||
| Q2 25 | $1.9B | $270.7M | ||
| Q1 25 | — | $256.4M | ||
| Q4 24 | $2.0B | $244.1M | ||
| Q3 24 | $1.8B | $240.1M | ||
| Q2 24 | $1.8B | $234.5M | ||
| Q1 24 | $1.7B | $224.8M |
净利润SAICWAY
| Q4 25 | $78.0M | $20.0M | ||
| Q3 25 | — | $30.6M | ||
| Q2 25 | $68.0M | $32.2M | ||
| Q1 25 | — | $29.3M | ||
| Q4 24 | $106.0M | $19.1M | ||
| Q3 24 | $81.0M | $5.4M | ||
| Q2 24 | $77.0M | $-27.7M | ||
| Q1 24 | $39.0M | $-15.9M |
毛利率SAICWAY
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 11.1% | — |
营业利润率SAICWAY
| Q4 25 | 6.9% | 19.4% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | 6.4% | 24.0% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | 8.1% | 21.8% | ||
| Q3 24 | 7.4% | 11.3% | ||
| Q2 24 | 7.1% | 3.5% | ||
| Q1 24 | 4.5% | 15.7% |
净利率SAICWAY
| Q4 25 | 4.2% | 6.6% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 3.6% | 11.9% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | 5.4% | 7.8% | ||
| Q3 24 | 4.5% | 2.3% | ||
| Q2 24 | 4.2% | -11.8% | ||
| Q1 24 | 2.2% | -7.1% |
每股收益（稀释后）SAICWAY
| Q4 25 | $1.69 | $0.10 | ||
| Q3 25 | — | $0.17 | ||
| Q2 25 | $1.42 | $0.18 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | $2.13 | $0.18 | ||
| Q3 24 | $1.58 | $0.03 | ||
| Q2 24 | $1.48 | $-0.21 | ||
| 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 | $61.4M |
| 总债务越低越好 | $2.5B | $1.5B |
| 股东权益账面价值 | $1.5B | $3.9B |
| 总资产 | $5.4B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.64× | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资SAICWAY
| Q4 25 | $45.0M | $61.4M | ||
| Q3 25 | — | $421.1M | ||
| Q2 25 | $47.0M | $290.3M | ||
| Q1 25 | — | $224.0M | ||
| Q4 24 | $46.0M | $182.1M | ||
| Q3 24 | $48.0M | $127.1M | ||
| Q2 24 | $49.0M | $68.4M | ||
| Q1 24 | $94.0M | $57.3M |
总债务SAICWAY
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益SAICWAY
| Q4 25 | $1.5B | $3.9B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.8B | $2.9B | ||
| Q1 24 | $1.8B | $2.0B |
总资产SAICWAY
| Q4 25 | $5.4B | $5.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $5.2B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $5.3B | $4.6B | ||
| Q3 24 | $5.3B | $4.5B | ||
| Q2 24 | $5.3B | $4.6B | ||
| Q1 24 | $5.3B | — |
负债/权益比SAICWAY
| Q4 25 | 1.64× | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.34× | 0.40× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 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 | $129.0M | $66.6M |
| 自由现金流经营现金流 - 资本支出 | $120.0M | $57.2M |
| 自由现金流率自由现金流/营收 | 6.4% | 18.9% |
| 资本支出强度资本支出/营收 | 0.5% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 3.33× |
| 过去12个月自由现金流最近4个季度 | $478.0M | $283.2M |
8季度趋势，按日历期对齐
经营现金流SAICWAY
| Q4 25 | $129.0M | $66.6M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | $100.0M | $96.8M | ||
| Q1 25 | — | $64.2M | ||
| Q4 24 | $143.0M | — | ||
| Q3 24 | $138.0M | $78.8M | ||
| Q2 24 | $98.0M | $15.4M | ||
| Q1 24 | $63.0M | $10.7M |
自由现金流SAICWAY
| Q4 25 | $120.0M | $57.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | $92.0M | $91.0M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | $134.0M | — | ||
| Q3 24 | $132.0M | $70.2M | ||
| Q2 24 | $92.0M | $8.6M | ||
| Q1 24 | $52.0M | $5.2M |
自由现金流率SAICWAY
| Q4 25 | 6.4% | 18.9% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | 4.9% | 33.6% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 7.3% | 29.2% | ||
| Q2 24 | 5.0% | 3.7% | ||
| Q1 24 | 3.0% | 2.3% |
资本支出强度SAICWAY
| Q4 25 | 0.5% | 3.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 0.4% | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | 3.6% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 0.6% | 2.5% |
现金转化率SAICWAY
| Q4 25 | 1.65× | 3.33× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | 1.47× | 3.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.70× | 14.56× | ||
| Q2 24 | 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
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
WAY
| Subscription And Circulation | $167.8M | 55% |
| Volume Based Revenue | $134.2M | 44% |
| Implementation Services And Other Revenue | $1.5M | 1% |
