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艾奕康（ACM）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
艾奕康的季度营收约是摩托罗拉解决方案的1.1倍（$3.8B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 1.9%，领先17.3%），摩托罗拉解决方案同比增速更快（12.3% vs 1.6%），摩托罗拉解决方案自由现金流更多（$1.1B vs $41.9M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -1.4%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
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。
ACM vs MSI — 直观对比
营收规模更大
ACM
是对方的1.1倍
$3.4B
营收增速更快
MSI
高出10.7%
1.6%
净利率更高
MSI
高出17.3%
1.9%
自由现金流更多
MSI
多$1.1B
$41.9M
两年增速更快
MSI
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.4B |
| 净利润 | $74.5M | $649.0M |
| 毛利率 | 7.3% | 52.3% |
| 营业利润率 | 5.8% | 27.9% |
| 净利率 | 1.9% | 19.2% |
| 营收同比 | 1.6% | 12.3% |
| 净利润同比 | -48.0% | 6.2% |
| 每股收益（稀释后） | $0.56 | $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ACMMSI
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | $4.2B | $3.0B | ||
| Q2 25 | $4.2B | $2.8B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.2B | $2.6B |
净利润ACMMSI
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $649.0M | ||
| Q3 25 | $120.4M | $562.0M | ||
| Q2 25 | $131.0M | $513.0M | ||
| Q1 25 | $143.4M | $430.0M | ||
| Q4 24 | $167.0M | $611.0M | ||
| Q3 24 | $172.5M | $562.0M | ||
| Q2 24 | $134.3M | $443.0M |
毛利率ACMMSI
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 52.3% | ||
| Q3 25 | 7.9% | 51.6% | ||
| Q2 25 | 7.8% | 51.1% | ||
| Q1 25 | 7.7% | 51.4% | ||
| Q4 24 | 6.7% | 51.4% | ||
| Q3 24 | 7.2% | 51.4% | ||
| Q2 24 | 6.9% | 51.0% |
营业利润率ACMMSI
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 27.9% | ||
| Q3 25 | 5.7% | 25.6% | ||
| Q2 25 | 7.0% | 25.0% | ||
| Q1 25 | 6.8% | 23.0% | ||
| Q4 24 | 5.9% | 27.0% | ||
| Q3 24 | 5.8% | 25.5% | ||
| Q2 24 | 5.5% | 24.5% |
净利率ACMMSI
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | 2.9% | 18.7% | ||
| Q2 25 | 3.1% | 18.6% | ||
| Q1 25 | 3.8% | 17.0% | ||
| Q4 24 | 4.2% | 20.3% | ||
| Q3 24 | 4.2% | 20.1% | ||
| Q2 24 | 3.2% | 16.9% |
每股收益（稀释后）ACMMSI
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $3.85 | ||
| Q3 25 | $0.90 | $3.33 | ||
| Q2 25 | $0.98 | $3.04 | ||
| Q1 25 | $1.08 | $2.53 | ||
| Q4 24 | $1.25 | $3.57 | ||
| Q3 24 | $1.27 | $3.29 | ||
| Q2 24 | $0.98 | $2.60 |
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 | $1.2B | $1.2B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $2.2B | $2.4B |
| 总资产 | $11.9B | $19.4B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资ACMMSI
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.6B | $894.0M | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B |
总债务ACMMSI
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
股东权益ACMMSI
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.5B | $2.3B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.3B | $802.0M |
总资产ACMMSI
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $19.4B | ||
| Q3 25 | $12.2B | $18.8B | ||
| Q2 25 | $12.3B | $16.4B | ||
| Q1 25 | $11.8B | $14.4B | ||
| Q4 24 | $11.8B | $14.6B | ||
| Q3 24 | $12.1B | $13.9B | ||
| Q2 24 | $12.0B | $13.3B |
负债/权益比ACMMSI
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.07× | — |
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 | $70.2M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $1.1B |
| 自由现金流率自由现金流/营收 | 1.1% | 33.8% |
| 资本支出强度资本支出/营收 | 0.7% | 3.4% |
| 现金转化率经营现金流/净利润 | 0.94× | 1.94× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流ACMMSI
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $196.1M | $798.0M | ||
| Q2 25 | $283.7M | $273.0M | ||
| Q1 25 | $190.7M | $510.0M | ||
| Q4 24 | $151.1M | $1.1B | ||
| Q3 24 | $298.8M | $759.0M | ||
| Q2 24 | $291.3M | $180.0M |
自由现金流ACMMSI
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $134.1M | $732.0M | ||
| Q2 25 | $261.7M | $225.0M | ||
| Q1 25 | $178.3M | $473.0M | ||
| Q4 24 | $110.9M | $984.0M | ||
| Q3 24 | $274.5M | $702.0M | ||
| Q2 24 | $272.8M | $112.0M |
自由现金流率ACMMSI
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 33.8% | ||
| Q3 25 | 3.2% | 24.3% | ||
| Q2 25 | 6.3% | 8.1% | ||
| Q1 25 | 4.7% | 18.7% | ||
| Q4 24 | 2.8% | 32.7% | ||
| Q3 24 | 6.7% | 25.2% | ||
| Q2 24 | 6.6% | 4.3% |
资本支出强度ACMMSI
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | 1.5% | 2.2% | ||
| Q2 25 | 0.5% | 1.7% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 1.0% | 2.9% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.4% | 2.6% |
现金转化率ACMMSI
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | 1.94× | ||
| Q3 25 | 1.63× | 1.42× | ||
| Q2 25 | 2.17× | 0.53× | ||
| Q1 25 | 1.33× | 1.19× | ||
| Q4 24 | 0.90× | 1.75× | ||
| Q3 24 | 1.73× | 1.35× | ||
| Q2 24 | 2.17× | 0.41× |
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
ACM
暂无分部数据
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% |
