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美国运通（AXP）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美国运通的1.2倍（$21.8M vs $18.9M），摩托罗拉系统净利率更高（18.6% vs 15.7%，领先2.9%），摩托罗拉系统同比增速更快（36.6% vs 11.4%），过去两年摩托罗拉系统的营收复合增速更高（42.5% vs -95.6%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
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。
AXP vs ISSC — 直观对比
营收规模更大
ISSC
是对方的1.2倍
$18.9M
营收增速更快
ISSC
高出25.1%
11.4%
净利率更高
ISSC
高出2.9%
15.7%
两年增速更快
ISSC
近两年复合增速
-95.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $21.8M |
| 净利润 | $3.0M | $4.1M |
| 毛利率 | — | 54.5% |
| 营业利润率 | — | 28.9% |
| 净利率 | 15.7% | 18.6% |
| 营收同比 | 11.4% | 36.6% |
| 净利润同比 | 15.0% | 451.4% |
| 每股收益（稀释后） | — | $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AXPISSC
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $21.8M | ||
| Q3 25 | $10.4B | $22.2M | ||
| Q2 25 | $10.3B | $24.1M | ||
| Q1 25 | $9.6B | $21.9M | ||
| Q4 24 | $10.0B | $16.0M | ||
| Q3 24 | $9.7B | $15.4M | ||
| Q2 24 | $9.8B | $11.8M |
净利润AXPISSC
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $4.1M | ||
| Q3 25 | $2.9B | $7.1M | ||
| Q2 25 | $2.9B | $2.4M | ||
| Q1 25 | $2.6B | $5.3M | ||
| Q4 24 | $2.2B | $736.2K | ||
| Q3 24 | $2.5B | $3.2M | ||
| Q2 24 | $3.0B | $1.6M |
毛利率AXPISSC
| Q1 26 | — | — | ||
| 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% |
营业利润率AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 28.9% | ||
| Q3 25 | 36.7% | 37.0% | ||
| Q2 25 | 34.4% | 14.6% | ||
| Q1 25 | 34.6% | 31.8% | ||
| Q4 24 | 27.7% | 8.4% | ||
| Q3 24 | 33.0% | 28.4% | ||
| Q2 24 | 38.6% | 17.3% |
净利率AXPISSC
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 18.6% | ||
| Q3 25 | 27.9% | 32.0% | ||
| Q2 25 | 28.0% | 10.1% | ||
| Q1 25 | 26.8% | 24.3% | ||
| Q4 24 | 21.8% | 4.6% | ||
| Q3 24 | 25.8% | 20.7% | ||
| Q2 24 | 30.7% | 13.2% |
每股收益（稀释后）AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $0.22 | ||
| Q3 25 | $4.14 | $0.40 | ||
| Q2 25 | $4.08 | $0.14 | ||
| Q1 25 | $3.64 | $0.30 | ||
| Q4 24 | $3.04 | $0.04 | ||
| Q3 24 | $3.49 | $0.18 | ||
| Q2 24 | $4.15 | $0.09 |
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 | — | $8.3M |
| 总债务越低越好 | $60.4M | $23.8M |
| 股东权益账面价值 | $34.0M | $68.7M |
| 总资产 | $308.9M | $109.9M |
| 负债/权益比越低杠杆越低 | 1.78× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $8.3M | ||
| Q3 25 | $1.3B | $2.7M | ||
| Q2 25 | $197.0M | $601.8K | ||
| Q1 25 | $261.0M | $1.2M | ||
| Q4 24 | $221.0M | $604.6K | ||
| Q3 24 | $120.0M | $539.0K | ||
| Q2 24 | $188.0M | $521.0K |
总债务AXPISSC
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $23.8M | ||
| Q3 25 | $57.8B | $24.4M | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
股东权益AXPISSC
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $68.7M | ||
| Q3 25 | $32.4B | $64.6M | ||
| Q2 25 | $32.3B | $56.8M | ||
| Q1 25 | $31.2B | $53.5M | ||
| Q4 24 | $30.3B | $47.8M | ||
| Q3 24 | $29.7B | $46.6M | ||
| Q2 24 | $29.5B | $43.2M |
总资产AXPISSC
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $109.9M | ||
| Q3 25 | $297.6B | $103.4M | ||
| Q2 25 | $295.6B | $91.8M | ||
| Q1 25 | $282.2B | $89.9M | ||
| Q4 24 | $271.5B | $81.3M | ||
| Q3 24 | $271.0B | $82.4M | ||
| Q2 24 | $272.2B | $59.8M |
负债/权益比AXPISSC
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.35× | ||
| Q3 25 | 1.78× | 0.38× | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — |
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 | — | $8.2M |
| 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AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $8.2M | ||
| Q3 25 | $6.2B | $3.0M | ||
| Q2 25 | $4.4B | $7.2M | ||
| Q1 25 | $4.8B | $1.3M | ||
| Q4 24 | $5.8B | $1.8M | ||
| Q3 24 | $-1.8B | $445.3K | ||
| Q2 24 | $4.5B | $934.1K |
自由现金流AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $7.0M | ||
| Q3 25 | $5.6B | $2.0M | ||
| Q2 25 | $3.7B | $3.5M | ||
| Q1 25 | $4.3B | $-267.7K | ||
| Q4 24 | $5.3B | $1.6M | ||
| Q3 24 | $-2.3B | $299.5K | ||
| Q2 24 | $4.0B | $730.8K |
自由现金流率AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 32.3% | ||
| Q3 25 | 53.6% | 8.8% | ||
| Q2 25 | 36.3% | 14.6% | ||
| Q1 25 | 45.0% | -1.2% | ||
| Q4 24 | 53.1% | 9.9% | ||
| Q3 24 | -23.3% | 1.9% | ||
| Q2 24 | 40.4% | 6.2% |
资本支出强度AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 5.1% | ||
| Q3 25 | 6.3% | 4.5% | ||
| Q2 25 | 6.0% | 15.3% | ||
| Q1 25 | 4.5% | 7.1% | ||
| Q4 24 | 5.0% | 1.6% | ||
| Q3 24 | 4.7% | 0.9% | ||
| Q2 24 | 5.8% | 1.7% |
现金转化率AXPISSC
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.01× | ||
| Q3 25 | 2.15× | 0.42× | ||
| Q2 25 | 1.51× | 2.95× | ||
| Q1 25 | 1.84× | 0.24× | ||
| Q4 24 | 2.66× | 2.50× | ||
| Q3 24 | -0.72× | 0.14× | ||
| Q2 24 | 1.50× | 0.60× |
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
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
ISSC
| Products | $13.6M | 62% |
| Services | $8.2M | 38% |
