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Science Applications International Corp（SAIC）与WATSCO INC（WSO）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WATSCO INC的1.2倍（$1.9B vs $1.6B），WATSCO INC净利率更高（4.5% vs 4.2%，领先0.4%），Science Applications International Corp同比增速更快（2.6% vs -10.0%），WATSCO INC自由现金流更多（$388.5M vs $120.0M），过去两年Science Applications International Corp的营收复合增速更高（2.3% vs 0.4%）
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。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
SAIC vs WSO — 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12.6%
-10.0%
净利率更高
WSO
高出0.4%
4.2%
自由现金流更多
WSO
多$268.5M
$120.0M
两年增速更快
SAIC
近两年复合增速
0.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.6B |
| 净利润 | $78.0M | $71.7M |
| 毛利率 | 12.2% | 27.1% |
| 营业利润率 | 6.9% | 6.4% |
| 净利率 | 4.2% | 4.5% |
| 营收同比 | 2.6% | -10.0% |
| 净利润同比 | -3.7% | -25.9% |
| 每股收益（稀释后） | $1.69 | $1.82 |
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SAICWSO
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $1.7B | $1.6B |
净利润SAICWSO
| Q4 25 | $78.0M | $71.7M | ||
| Q3 25 | — | $161.6M | ||
| Q2 25 | $68.0M | $183.6M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | $106.0M | $96.8M | ||
| Q3 24 | $81.0M | $171.0M | ||
| Q2 24 | $77.0M | $181.4M | ||
| Q1 24 | $39.0M | $87.0M |
毛利率SAICWSO
| Q4 25 | 12.2% | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | 11.1% | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | 12.0% | 26.7% | ||
| Q3 24 | 11.6% | 26.2% | ||
| Q2 24 | 11.5% | 27.1% | ||
| Q1 24 | 11.1% | 27.5% |
营业利润率SAICWSO
| Q4 25 | 6.9% | 6.4% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 6.4% | 13.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | 8.1% | 7.8% | ||
| Q3 24 | 7.4% | 11.6% | ||
| Q2 24 | 7.1% | 12.6% | ||
| Q1 24 | 4.5% | 8.1% |
净利率SAICWSO
| Q4 25 | 4.2% | 4.5% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | 3.6% | 8.9% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | 5.4% | 5.5% | ||
| Q3 24 | 4.5% | 7.9% | ||
| Q2 24 | 4.2% | 8.5% | ||
| Q1 24 | 2.2% | 5.6% |
每股收益（稀释后）SAICWSO
| Q4 25 | $1.69 | $1.82 | ||
| Q3 25 | — | $3.98 | ||
| Q2 25 | $1.42 | $4.52 | ||
| Q1 25 | — | $1.93 | ||
| Q4 24 | $2.13 | $2.42 | ||
| Q3 24 | $1.58 | $4.22 | ||
| Q2 24 | $1.48 | $4.49 | ||
| Q1 24 | $0.77 | $2.17 |
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 | $733.3M |
| 总债务越低越好 | $2.5B | $361.6M |
| 股东权益账面价值 | $1.5B | $2.8B |
| 总资产 | $5.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.64× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资SAICWSO
| Q4 25 | $45.0M | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | $47.0M | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | $46.0M | $781.9M | ||
| Q3 24 | $48.0M | $550.0M | ||
| Q2 24 | $49.0M | $424.9M | ||
| Q1 24 | $94.0M | $478.9M |
总债务SAICWSO
| Q4 25 | $2.5B | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | $2.3B | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $2.2B | $337.2M | ||
| Q3 24 | $2.2B | $321.0M | ||
| Q2 24 | $2.1B | $307.1M | ||
| Q1 24 | $2.1B | $306.3M |
股东权益SAICWSO
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.8B | $2.6B | ||
| Q1 24 | $1.8B | $2.5B |
总资产SAICWSO
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $5.2B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $5.3B | $4.5B | ||
| Q3 24 | $5.3B | $4.5B | ||
| Q2 24 | $5.3B | $4.4B | ||
| Q1 24 | $5.3B | $4.4B |
负债/权益比SAICWSO
| Q4 25 | 1.64× | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | 1.52× | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 1.34× | 0.13× | ||
| Q3 24 | 1.33× | 0.12× | ||
| Q2 24 | 1.18× | 0.12× | ||
| Q1 24 | 1.18× | 0.12× |
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 | $399.8M |
| 自由现金流经营现金流 - 资本支出 | $120.0M | $388.5M |
| 自由现金流率自由现金流/营收 | 6.4% | 24.6% |
| 资本支出强度资本支出/营收 | 0.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.65× | 5.57× |
| 过去12个月自由现金流最近4个季度 | $478.0M | $535.1M |
8季度趋势，按日历期对齐
经营现金流SAICWSO
| Q4 25 | $129.0M | $399.8M | ||
| Q3 25 | — | $354.9M | ||
| Q2 25 | $100.0M | $-7.4M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | $143.0M | $378.9M | ||
| Q3 24 | $138.0M | $232.8M | ||
| Q2 24 | $98.0M | $57.7M | ||
| Q1 24 | $63.0M | $103.7M |
自由现金流SAICWSO
| Q4 25 | $120.0M | $388.5M | ||
| Q3 25 | — | $346.1M | ||
| Q2 25 | $92.0M | $-14.3M | ||
| Q1 25 | — | $-185.2M | ||
| Q4 24 | $134.0M | $370.9M | ||
| Q3 24 | $132.0M | $223.0M | ||
| Q2 24 | $92.0M | $51.3M | ||
| Q1 24 | $52.0M | $97.9M |
自由现金流率SAICWSO
| Q4 25 | 6.4% | 24.6% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | 4.9% | -0.7% | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | 6.8% | 21.1% | ||
| Q3 24 | 7.3% | 10.3% | ||
| Q2 24 | 5.0% | 2.4% | ||
| Q1 24 | 3.0% | 6.3% |
资本支出强度SAICWSO
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 0.3% | 0.3% | ||
| Q1 24 | 0.6% | 0.4% |
现金转化率SAICWSO
| Q4 25 | 1.65× | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 1.47× | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | 1.35× | 3.91× | ||
| Q3 24 | 1.70× | 1.36× | ||
| Q2 24 | 1.27× | 0.32× | ||
| Q1 24 | 1.62× | 1.19× |
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% |
WSO
暂无分部数据
