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美国铝业公司（AA）与摩托罗拉解决方案（MSI）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是摩托罗拉解决方案的1.0倍（$3.4B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 6.2%，领先13.0%），摩托罗拉解决方案同比增速更快（12.3% vs -1.1%），摩托罗拉解决方案自由现金流更多（$1.1B vs $294.0M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 15.2%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
摩托罗拉解决方案是美国科技企业，总部位于伊利诺伊州芝加哥，2011年由摩托罗拉公司拆分成立。公司面向公共安全部门及企业客户，提供关键通信、视频安防、指挥中心技术等安全防护类产品与服务。
AA vs MSI — 直观对比
营收规模更大
AA
是对方的1.0倍
$3.4B
营收增速更快
MSI
高出13.4%
-1.1%
净利率更高
MSI
高出13.0%
6.2%
自由现金流更多
MSI
多$848.0M
$294.0M
两年增速更快
MSI
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.4B |
| 净利润 | $213.0M | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | 2.0% | 27.9% |
| 净利率 | 6.2% | 19.2% |
| 营收同比 | -1.1% | 12.3% |
| 净利润同比 | 5.4% | 6.2% |
| 每股收益（稀释后） | $0.80 | $3.85 |
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AAMSI
| Q4 25 | $3.4B | $3.4B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.4B | $2.5B | ||
| Q4 24 | $3.5B | $3.0B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $2.6B | $2.4B |
净利润AAMSI
| Q4 25 | $213.0M | $649.0M | ||
| Q3 25 | $232.0M | $562.0M | ||
| Q2 25 | $164.0M | $513.0M | ||
| Q1 25 | $548.0M | $430.0M | ||
| Q4 24 | $202.0M | $611.0M | ||
| Q3 24 | $90.0M | $562.0M | ||
| Q2 24 | $20.0M | $443.0M | ||
| Q1 24 | $-252.0M | $-39.0M |
毛利率AAMSI
| Q4 25 | — | 52.3% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | — | 51.1% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 51.4% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 49.9% |
营业利润率AAMSI
| Q4 25 | 2.0% | 27.9% | ||
| Q3 25 | 5.6% | 25.6% | ||
| Q2 25 | 5.3% | 25.0% | ||
| Q1 25 | 19.8% | 23.0% | ||
| Q4 24 | 9.7% | 27.0% | ||
| Q3 24 | 6.3% | 25.5% | ||
| Q2 24 | 3.2% | 24.5% | ||
| Q1 24 | -12.5% | 21.7% |
净利率AAMSI
| Q4 25 | 6.2% | 19.2% | ||
| Q3 25 | 7.7% | 18.7% | ||
| Q2 25 | 5.4% | 18.6% | ||
| Q1 25 | 16.3% | 17.0% | ||
| Q4 24 | 5.8% | 20.3% | ||
| Q3 24 | 3.1% | 20.1% | ||
| Q2 24 | 0.7% | 16.9% | ||
| Q1 24 | -9.7% | -1.6% |
每股收益（稀释后）AAMSI
| Q4 25 | $0.80 | $3.85 | ||
| Q3 25 | $0.88 | $3.33 | ||
| Q2 25 | $0.62 | $3.04 | ||
| Q1 25 | $2.07 | $2.53 | ||
| Q4 24 | $1.18 | $3.57 | ||
| Q3 24 | $0.38 | $3.29 | ||
| Q2 24 | $0.11 | $2.60 | ||
| Q1 24 | $-1.41 | $-0.23 |
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 | $1.6B | $1.2B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $6.1B | $2.4B |
| 总资产 | $16.1B | $19.4B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资AAMSI
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $894.0M | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.5B |
总债务AAMSI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AAMSI
| Q4 25 | $6.1B | $2.4B | ||
| Q3 25 | $6.3B | $2.3B | ||
| Q2 25 | $6.1B | $2.0B | ||
| Q1 25 | $5.8B | $1.6B | ||
| Q4 24 | $5.2B | $1.7B | ||
| Q3 24 | $5.3B | $1.3B | ||
| Q2 24 | $3.9B | $802.0M | ||
| Q1 24 | $4.0B | $521.0M |
总资产AAMSI
| Q4 25 | $16.1B | $19.4B | ||
| Q3 25 | $16.0B | $18.8B | ||
| Q2 25 | $15.0B | $16.4B | ||
| Q1 25 | $14.6B | $14.4B | ||
| Q4 24 | $14.1B | $14.6B | ||
| Q3 24 | $14.5B | $13.9B | ||
| Q2 24 | $14.3B | $13.3B | ||
| Q1 24 | $14.3B | $13.3B |
负债/权益比AAMSI
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.62× | — |
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 | $537.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 8.5% | 33.8% |
| 资本支出强度资本支出/营收 | 7.0% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.52× | 1.94× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流AAMSI
| Q4 25 | $537.0M | $1.3B | ||
| Q3 25 | $85.0M | $798.0M | ||
| Q2 25 | $488.0M | $273.0M | ||
| Q1 25 | $75.0M | $510.0M | ||
| Q4 24 | $415.0M | $1.1B | ||
| Q3 24 | $143.0M | $759.0M | ||
| Q2 24 | $287.0M | $180.0M | ||
| Q1 24 | $-223.0M | $382.0M |
自由现金流AAMSI
| Q4 25 | $294.0M | $1.1B | ||
| Q3 25 | $-66.0M | $732.0M | ||
| Q2 25 | $357.0M | $225.0M | ||
| Q1 25 | $-18.0M | $473.0M | ||
| Q4 24 | $246.0M | $984.0M | ||
| Q3 24 | $-3.0M | $702.0M | ||
| Q2 24 | $123.0M | $112.0M | ||
| Q1 24 | $-324.0M | $336.0M |
自由现金流率AAMSI
| Q4 25 | 8.5% | 33.8% | ||
| Q3 25 | -2.2% | 24.3% | ||
| Q2 25 | 11.8% | 8.1% | ||
| Q1 25 | -0.5% | 18.7% | ||
| Q4 24 | 7.1% | 32.7% | ||
| Q3 24 | -0.1% | 25.2% | ||
| Q2 24 | 4.2% | 4.3% | ||
| Q1 24 | -12.5% | 14.1% |
资本支出强度AAMSI
| Q4 25 | 7.0% | 3.4% | ||
| Q3 25 | 5.0% | 2.2% | ||
| Q2 25 | 4.3% | 1.7% | ||
| Q1 25 | 2.8% | 1.5% | ||
| Q4 24 | 4.8% | 2.9% | ||
| Q3 24 | 5.0% | 2.0% | ||
| Q2 24 | 5.6% | 2.6% | ||
| Q1 24 | 3.9% | 1.9% |
现金转化率AAMSI
| Q4 25 | 2.52× | 1.94× | ||
| Q3 25 | 0.37× | 1.42× | ||
| Q2 25 | 2.98× | 0.53× | ||
| Q1 25 | 0.14× | 1.19× | ||
| Q4 24 | 2.05× | 1.75× | ||
| Q3 24 | 1.59× | 1.35× | ||
| Q2 24 | 14.35× | 0.41× | ||
| Q1 24 | — | — |
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
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
MSI
| Product And Systems Integration Segment | $1.5B | 45% |
| Services And Software Segment | $833.0M | 25% |
| Sales Channel Through Intermediary | $772.0M | 23% |
| Command Center Software | $258.0M | 8% |
