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Assertio Holdings, Inc.（ASRT）与摩托罗拉系统（ISSC）财务数据对比。点击上方公司名可切换其他公司
摩托罗拉系统的季度营收约是Assertio Holdings, Inc.的1.6倍（$21.8M vs $13.5M），摩托罗拉系统同比增速更快（36.6% vs -57.9%），过去两年摩托罗拉系统的营收复合增速更高（42.5% vs -35.4%）
Assertio Therapeutics是一家美国专业制药企业，主要聚焦神经病学、疼痛以及中枢神经系统疾病领域的产品销售与推广。公司前身Depomed成立于1995年，总部位于加利福尼亚州纽瓦克，拥有多款获美国FDA批准的产品，目前在纳斯达克上市。
摩托罗拉系统是一家美国科技企业，专注于研发供应安全防护相关产品与服务，总部位于伊利诺伊州芝加哥。公司主营关键通信、视频安防与指挥中心技术，相关产品与服务面向公共安全机构及各类企业。公司于2011年从原摩托罗拉拆分而来，是原摩托罗拉的合法继承主体，原摩托罗拉手机业务拆分后成为摩托罗拉移动。
ASRT vs ISSC — 直观对比
营收规模更大
ISSC
是对方的1.6倍
$13.5M
营收增速更快
ISSC
高出94.5%
-57.9%
两年增速更快
ISSC
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $21.8M |
| 净利润 | — | $4.1M |
| 毛利率 | — | 54.5% |
| 营业利润率 | -86.7% | 28.9% |
| 净利率 | — | 18.6% |
| 营收同比 | -57.9% | 36.6% |
| 净利润同比 | — | 451.4% |
| 每股收益（稀释后） | $-4.54 | $0.22 |
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ASRTISSC
| Q4 25 | $13.5M | $21.8M | ||
| Q3 25 | $49.5M | $22.2M | ||
| Q2 25 | $29.2M | $24.1M | ||
| Q1 25 | $26.5M | $21.9M | ||
| Q4 24 | $32.2M | $16.0M | ||
| Q3 24 | $29.2M | $15.4M | ||
| Q2 24 | $31.1M | $11.8M | ||
| Q1 24 | $32.4M | $10.7M |
净利润ASRTISSC
| Q4 25 | — | $4.1M | ||
| Q3 25 | $11.4M | $7.1M | ||
| Q2 25 | $-16.4M | $2.4M | ||
| Q1 25 | $-13.5M | $5.3M | ||
| Q4 24 | — | $736.2K | ||
| Q3 24 | $-2.9M | $3.2M | ||
| Q2 24 | $-3.7M | $1.6M | ||
| Q1 24 | $-4.5M | $1.2M |
毛利率ASRTISSC
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 63.2% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 55.4% | ||
| Q2 24 | — | 53.4% | ||
| Q1 24 | — | 52.0% |
营业利润率ASRTISSC
| Q4 25 | -86.7% | 28.9% | ||
| Q3 25 | 23.2% | 37.0% | ||
| Q2 25 | -27.5% | 14.6% | ||
| Q1 25 | -50.0% | 31.8% | ||
| Q4 24 | -41.9% | 8.4% | ||
| Q3 24 | -10.4% | 28.4% | ||
| Q2 24 | -11.6% | 17.3% | ||
| Q1 24 | -13.4% | 15.3% |
净利率ASRTISSC
| Q4 25 | — | 18.6% | ||
| Q3 25 | 23.1% | 32.0% | ||
| Q2 25 | -56.0% | 10.1% | ||
| Q1 25 | -51.1% | 24.3% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | -10.0% | 20.7% | ||
| Q2 24 | -11.8% | 13.2% | ||
| Q1 24 | -13.9% | 11.3% |
每股收益（稀释后）ASRTISSC
| Q4 25 | $-4.54 | $0.22 | ||
| Q3 25 | $0.11 | $0.40 | ||
| Q2 25 | $-0.17 | $0.14 | ||
| Q1 25 | $-0.14 | $0.30 | ||
| Q4 24 | $-3.28 | $0.04 | ||
| Q3 24 | $-0.03 | $0.18 | ||
| Q2 24 | $-0.04 | $0.09 | ||
| Q1 24 | $-0.05 | $0.07 |
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 | $63.4M | $8.3M |
| 总债务越低越好 | — | $23.8M |
| 股东权益账面价值 | $94.0M | $68.7M |
| 总资产 | $267.0M | $109.9M |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ASRTISSC
| Q4 25 | $63.4M | $8.3M | ||
| Q3 25 | $93.4M | $2.7M | ||
| Q2 25 | $98.2M | $601.8K | ||
| Q1 25 | $87.3M | $1.2M | ||
| Q4 24 | $100.1M | $604.6K | ||
| Q3 24 | $88.6M | $539.0K | ||
| Q2 24 | $88.4M | $521.0K | ||
| Q1 24 | $80.7M | $574.1K |
总债务ASRTISSC
| Q4 25 | — | $23.8M | ||
| Q3 25 | — | $24.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $38.6M | — |
股东权益ASRTISSC
| Q4 25 | $94.0M | $68.7M | ||
| Q3 25 | $105.8M | $64.6M | ||
| Q2 25 | $93.3M | $56.8M | ||
| Q1 25 | $108.5M | $53.5M | ||
| Q4 24 | $121.1M | $47.8M | ||
| Q3 24 | $130.5M | $46.6M | ||
| Q2 24 | $132.2M | $43.2M | ||
| Q1 24 | $134.5M | $41.4M |
总资产ASRTISSC
| Q4 25 | $267.0M | $109.9M | ||
| Q3 25 | $319.8M | $103.4M | ||
| Q2 25 | $273.8M | $91.8M | ||
| Q1 25 | $286.4M | $89.9M | ||
| Q4 24 | $284.7M | $81.3M | ||
| Q3 24 | $276.0M | $82.4M | ||
| Q2 24 | $279.4M | $59.8M | ||
| Q1 24 | $282.0M | $57.6M |
负债/权益比ASRTISSC
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.29× | — |
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 | $-30.0M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | $7.0M |
| 自由现金流率自由现金流/营收 | — | 32.3% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | — | 2.01× |
| 过去12个月自由现金流最近4个季度 | — | $12.3M |
8季度趋势，按日历期对齐
经营现金流ASRTISSC
| Q4 25 | $-30.0M | $8.2M | ||
| Q3 25 | $-4.8M | $3.0M | ||
| Q2 25 | $19.1M | $7.2M | ||
| Q1 25 | $-12.5M | $1.3M | ||
| Q4 24 | $11.5M | $1.8M | ||
| Q3 24 | $-35.0K | $445.3K | ||
| Q2 24 | $7.4M | $934.1K | ||
| Q1 24 | $7.5M | $201.1K |
自由现金流ASRTISSC
| Q4 25 | — | $7.0M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $3.5M | ||
| Q1 25 | — | $-267.7K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $299.5K | ||
| Q2 24 | — | $730.8K | ||
| Q1 24 | — | $75.4K |
自由现金流率ASRTISSC
| Q4 25 | — | 32.3% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 6.2% | ||
| Q1 24 | — | 0.7% |
资本支出强度ASRTISSC
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.2% |
现金转化率ASRTISSC
| Q4 25 | — | 2.01× | ||
| Q3 25 | -0.42× | 0.42× | ||
| Q2 25 | — | 2.95× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.17× |
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
ASRT
| Products | $12.8M | 95% |
| Other | $719.0K | 5% |
ISSC
| Products | $13.6M | 62% |
| Services | $8.2M | 38% |
