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TELOS CORP（TLS）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是TELOS CORP的1.2倍（$57.8M vs $46.8M），合众银行净利率更高（21.8% vs -34.9%，领先56.7%），过去两年TELOS CORP的营收复合增速更高（25.7% vs 9.5%）
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
TLS vs WASH — 直观对比
营收规模更大
WASH
是对方的1.2倍
$46.8M
净利率更高
WASH
高出56.7%
-34.9%
两年增速更快
TLS
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $46.8M | $57.8M |
| 净利润 | $-16.3M | $12.6M |
| 毛利率 | 35.0% | — |
| 营业利润率 | -39.6% | — |
| 净利率 | -34.9% | 21.8% |
| 营收同比 | 77.4% | — |
| 净利润同比 | -74.8% | 3.5% |
| 每股收益（稀释后） | $-0.22 | $0.66 |
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TLSWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $46.8M | $59.3M | ||
| Q3 25 | $51.4M | $56.5M | ||
| Q2 25 | $36.0M | $54.3M | ||
| Q1 25 | $30.6M | $59.1M | ||
| Q4 24 | $26.4M | $12.4M | ||
| Q3 24 | $23.8M | $48.5M | ||
| Q2 24 | $28.5M | $48.2M |
净利润TLSWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-16.3M | $16.0M | ||
| Q3 25 | $-2.1M | $10.8M | ||
| Q2 25 | $-9.5M | $13.2M | ||
| Q1 25 | $-8.6M | $12.2M | ||
| Q4 24 | $-9.3M | $-60.8M | ||
| Q3 24 | $-28.1M | $11.0M | ||
| Q2 24 | $-7.8M | $10.8M |
毛利率TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 39.9% | — | ||
| Q2 25 | 33.2% | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 34.1% | — |
营业利润率TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | -39.6% | 34.9% | ||
| Q3 25 | -4.8% | 24.7% | ||
| Q2 25 | -27.5% | 31.6% | ||
| Q1 25 | -29.5% | 26.5% | ||
| Q4 24 | -37.6% | -648.7% | ||
| Q3 24 | -121.4% | 28.5% | ||
| Q2 24 | -30.3% | 28.7% |
净利率TLSWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | -34.9% | 27.0% | ||
| Q3 25 | -4.1% | 19.2% | ||
| Q2 25 | -26.5% | 24.4% | ||
| Q1 25 | -28.1% | 20.6% | ||
| Q4 24 | -35.4% | -491.4% | ||
| Q3 24 | -118.0% | 22.6% | ||
| Q2 24 | -27.2% | 22.4% |
每股收益（稀释后）TLSWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $-0.22 | $0.84 | ||
| Q3 25 | $-0.03 | $0.56 | ||
| Q2 25 | $-0.13 | $0.68 | ||
| Q1 25 | $-0.12 | $0.63 | ||
| Q4 24 | $-0.13 | $-3.54 | ||
| Q3 24 | $-0.39 | $0.64 | ||
| Q2 24 | $-0.11 | $0.63 |
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 | $53.2M | $12.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $96.0M | $546.8M |
| 总资产 | $139.9M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TLSWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $53.2M | — | ||
| Q3 25 | $59.0M | — | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $57.8M | — | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $69.8M | — | ||
| Q2 24 | $80.1M | — |
股东权益TLSWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $96.0M | $543.6M | ||
| Q3 25 | $119.7M | $533.0M | ||
| Q2 25 | $118.4M | $527.5M | ||
| Q1 25 | $126.1M | $521.7M | ||
| Q4 24 | $127.1M | $499.7M | ||
| Q3 24 | $129.5M | $502.2M | ||
| Q2 24 | $149.1M | $471.0M |
总资产TLSWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $139.9M | $6.6B | ||
| Q3 25 | $164.3M | $6.7B | ||
| Q2 25 | $165.0M | $6.7B | ||
| Q1 25 | $158.1M | $6.6B | ||
| Q4 24 | $158.2M | $6.9B | ||
| Q3 24 | $166.3M | $7.1B | ||
| Q2 24 | $182.4M | $7.2B |
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 | $8.0M | — |
| 自由现金流经营现金流 - 资本支出 | $8.0M | — |
| 自由现金流率自由现金流/营收 | 17.0% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $29.4M | — |
8季度趋势，按日历期对齐
经营现金流TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $80.3M | ||
| Q3 25 | $9.1M | $39.6M | ||
| Q2 25 | $7.0M | $11.3M | ||
| Q1 25 | $6.1M | $8.4M | ||
| Q4 24 | $-10.5M | $57.7M | ||
| Q3 24 | $-7.1M | $25.7M | ||
| Q2 24 | $-8.0M | $11.2M |
自由现金流TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $78.3M | ||
| Q3 25 | $8.7M | $39.3M | ||
| Q2 25 | $6.8M | $10.9M | ||
| Q1 25 | $6.0M | $8.4M | ||
| Q4 24 | $-12.4M | $53.7M | ||
| Q3 24 | $-7.1M | $24.4M | ||
| Q2 24 | $-8.2M | $9.6M |
自由现金流率TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | 17.0% | 132.2% | ||
| Q3 25 | 16.9% | 69.6% | ||
| Q2 25 | 19.0% | 20.2% | ||
| Q1 25 | 19.5% | 14.2% | ||
| Q4 24 | -47.0% | 433.8% | ||
| Q3 24 | -30.0% | 50.4% | ||
| Q2 24 | -28.9% | 19.8% |
资本支出强度TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 3.4% | ||
| Q3 25 | 0.9% | 0.6% | ||
| Q2 25 | 0.4% | 0.7% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 7.1% | 32.3% | ||
| Q3 24 | 0.2% | 2.6% | ||
| Q2 24 | 0.8% | 3.4% |
现金转化率TLSWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.03× |
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
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
