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Broadridge Financial Solutions（BR）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
摩托罗拉解决方案的季度营收约是Broadridge Financial Solutions的2.0倍（$3.4B vs $1.7B），摩托罗拉解决方案净利率更高（19.2% vs 16.6%，领先2.6%），摩托罗拉解决方案同比增速更快（12.3% vs -5.4%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 10.4%）
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
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。
BR vs MSI — 直观对比
营收规模更大
MSI
是对方的2.0倍
$1.7B
营收增速更快
MSI
高出17.7%
-5.4%
净利率更高
MSI
高出2.6%
16.6%
两年增速更快
MSI
近两年复合增速
10.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.4B |
| 净利润 | $284.6M | $649.0M |
| 毛利率 | 27.6% | 52.3% |
| 营业利润率 | 12.0% | 27.9% |
| 净利率 | 16.6% | 19.2% |
| 营收同比 | -5.4% | 12.3% |
| 净利润同比 | 17.1% | 6.2% |
| 每股收益（稀释后） | $2.42 | $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BRMSI
| Q4 25 | $1.7B | $3.4B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.9B | $2.6B | ||
| Q1 24 | $1.7B | $2.4B |
净利润BRMSI
| Q4 25 | $284.6M | $649.0M | ||
| Q3 25 | — | $562.0M | ||
| Q2 25 | $374.2M | $513.0M | ||
| Q1 25 | $243.1M | $430.0M | ||
| Q4 24 | $142.4M | $611.0M | ||
| Q3 24 | $79.8M | $562.0M | ||
| Q2 24 | $323.2M | $443.0M | ||
| Q1 24 | $213.7M | $-39.0M |
毛利率BRMSI
| Q4 25 | 27.6% | 52.3% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | 37.3% | 51.1% | ||
| Q1 25 | 31.8% | 51.4% | ||
| Q4 24 | 27.9% | 51.4% | ||
| Q3 24 | 24.5% | 51.4% | ||
| Q2 24 | 35.5% | 51.0% | ||
| Q1 24 | 31.2% | 49.9% |
营业利润率BRMSI
| Q4 25 | 12.0% | 27.9% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | 24.1% | 25.0% | ||
| Q1 25 | 19.0% | 23.0% | ||
| Q4 24 | 13.3% | 27.0% | ||
| Q3 24 | 9.4% | 25.5% | ||
| Q2 24 | 22.7% | 24.5% | ||
| Q1 24 | 17.5% | 21.7% |
净利率BRMSI
| Q4 25 | 16.6% | 19.2% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | 18.1% | 18.6% | ||
| Q1 25 | 13.4% | 17.0% | ||
| Q4 24 | 9.0% | 20.3% | ||
| Q3 24 | 5.6% | 20.1% | ||
| Q2 24 | 16.6% | 16.9% | ||
| Q1 24 | 12.4% | -1.6% |
每股收益（稀释后）BRMSI
| Q4 25 | $2.42 | $3.85 | ||
| Q3 25 | — | $3.33 | ||
| Q2 25 | $3.17 | $3.04 | ||
| Q1 25 | $2.05 | $2.53 | ||
| Q4 24 | $1.20 | $3.57 | ||
| Q3 24 | $0.68 | $3.29 | ||
| Q2 24 | $2.72 | $2.60 | ||
| Q1 24 | $1.79 | $-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 | $371.5M | $1.2B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.9B | $2.4B |
| 总资产 | $8.6B | $19.4B |
| 负债/权益比越低杠杆越低 | 1.10× | — |
8季度趋势，按日历期对齐
现金及短期投资BRMSI
| Q4 25 | $371.5M | $1.2B | ||
| Q3 25 | — | $894.0M | ||
| Q2 25 | $562.2M | $3.2B | ||
| Q1 25 | $317.9M | $1.6B | ||
| Q4 24 | $290.6M | $2.1B | ||
| Q3 24 | $293.5M | $1.4B | ||
| Q2 24 | $305.2M | $1.4B | ||
| Q1 24 | $236.4M | $1.5B |
总债务BRMSI
| Q4 25 | $3.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRMSI
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $802.0M | ||
| Q1 24 | $2.3B | $521.0M |
总资产BRMSI
| Q4 25 | $8.6B | $19.4B | ||
| Q3 25 | — | $18.8B | ||
| Q2 25 | $8.5B | $16.4B | ||
| Q1 25 | $8.3B | $14.4B | ||
| Q4 24 | $8.2B | $14.6B | ||
| Q3 24 | $8.0B | $13.9B | ||
| Q2 24 | $8.2B | $13.3B | ||
| Q1 24 | $8.2B | $13.3B |
负债/权益比BRMSI
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 1.55× | — |
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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 33.8% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | — | 1.94× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流BRMSI
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $798.0M | ||
| Q2 25 | $699.7M | $273.0M | ||
| Q1 25 | $360.4M | $510.0M | ||
| Q4 24 | $236.7M | $1.1B | ||
| Q3 24 | $-125.5M | $759.0M | ||
| Q2 24 | $721.0M | $180.0M | ||
| Q1 24 | $207.4M | $382.0M |
自由现金流BRMSI
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $732.0M | ||
| Q2 25 | $684.1M | $225.0M | ||
| Q1 25 | $348.9M | $473.0M | ||
| Q4 24 | $227.9M | $984.0M | ||
| Q3 24 | $-133.4M | $702.0M | ||
| Q2 24 | $703.2M | $112.0M | ||
| Q1 24 | $184.6M | $336.0M |
自由现金流率BRMSI
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | 33.1% | 8.1% | ||
| Q1 25 | 19.3% | 18.7% | ||
| Q4 24 | 14.3% | 32.7% | ||
| Q3 24 | -9.4% | 25.2% | ||
| Q2 24 | 36.2% | 4.3% | ||
| Q1 24 | 10.7% | 14.1% |
资本支出强度BRMSI
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 0.8% | 1.7% | ||
| Q1 25 | 0.6% | 1.5% | ||
| Q4 24 | 0.6% | 2.9% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 1.3% | 1.9% |
现金转化率BRMSI
| Q4 25 | — | 1.94× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | 1.87× | 0.53× | ||
| Q1 25 | 1.48× | 1.19× | ||
| Q4 24 | 1.66× | 1.75× | ||
| Q3 24 | -1.57× | 1.35× | ||
| Q2 24 | 2.23× | 0.41× | ||
| Q1 24 | 0.97× | — |
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
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
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% |
