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Conagra Brands（CAG）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Conagra Brands的1.1倍（$3.4B vs $3.0B），摩托罗拉解决方案净利率更高（19.2% vs -22.3%，领先41.5%），摩托罗拉解决方案同比增速更快（12.3% vs -6.8%），摩托罗拉解决方案自由现金流更多（$1.1B vs $138.8M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -0.9%）
Conagra Brands是美国包装消费品控股企业，1919年于内布拉斯加州成立，总部设在伊利诺伊州芝加哥。公司旗下拥有多个食品品牌，产品覆盖超市、餐厅及各类餐饮服务场所，2022年位列《财富》美国500强第331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。
CAG vs MSI — 直观对比
营收规模更大
MSI
是对方的1.1倍
$3.0B
营收增速更快
MSI
高出19.1%
-6.8%
净利率更高
MSI
高出41.5%
-22.3%
自由现金流更多
MSI
多$1.0B
$138.8M
两年增速更快
MSI
近两年复合增速
-0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.4B |
| 净利润 | $-663.6M | $649.0M |
| 毛利率 | 23.4% | 52.3% |
| 营业利润率 | -20.1% | 27.9% |
| 净利率 | -22.3% | 19.2% |
| 营收同比 | -6.8% | 12.3% |
| 净利润同比 | -333.3% | 6.2% |
| 每股收益（稀释后） | $-1.39 | $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CAGMSI
| Q4 25 | $3.0B | $3.4B | ||
| Q3 25 | $2.6B | $3.0B | ||
| Q2 25 | $2.8B | $2.8B | ||
| Q1 25 | $2.8B | $2.5B | ||
| Q4 24 | $3.2B | $3.0B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $3.0B | $2.4B |
净利润CAGMSI
| Q4 25 | $-663.6M | $649.0M | ||
| Q3 25 | $164.5M | $562.0M | ||
| Q2 25 | $256.0M | $513.0M | ||
| Q1 25 | $145.1M | $430.0M | ||
| Q4 24 | $284.5M | $611.0M | ||
| Q3 24 | $466.8M | $562.0M | ||
| Q2 24 | $-567.3M | $443.0M | ||
| Q1 24 | $308.6M | $-39.0M |
毛利率CAGMSI
| Q4 25 | 23.4% | 52.3% | ||
| Q3 25 | 24.3% | 51.6% | ||
| Q2 25 | 25.4% | 51.1% | ||
| Q1 25 | 25.0% | 51.4% | ||
| Q4 24 | 26.5% | 51.4% | ||
| Q3 24 | 26.5% | 51.4% | ||
| Q2 24 | 27.7% | 51.0% | ||
| Q1 24 | 28.3% | 49.9% |
营业利润率CAGMSI
| Q4 25 | -20.1% | 27.9% | ||
| Q3 25 | 13.2% | 25.6% | ||
| Q2 25 | 0.1% | 25.0% | ||
| Q1 25 | 13.9% | 23.0% | ||
| Q4 24 | 14.8% | 27.0% | ||
| Q3 24 | 17.7% | 25.5% | ||
| Q2 24 | -16.3% | 24.5% | ||
| Q1 24 | 19.1% | 21.7% |
净利率CAGMSI
| Q4 25 | -22.3% | 19.2% | ||
| Q3 25 | 6.2% | 18.7% | ||
| Q2 25 | 9.2% | 18.6% | ||
| Q1 25 | 5.1% | 17.0% | ||
| Q4 24 | 8.9% | 20.3% | ||
| Q3 24 | 16.7% | 20.1% | ||
| Q2 24 | -19.5% | 16.9% | ||
| Q1 24 | 10.2% | -1.6% |
每股收益（稀释后）CAGMSI
| Q4 25 | $-1.39 | $3.85 | ||
| Q3 25 | $0.34 | $3.33 | ||
| Q2 25 | $0.54 | $3.04 | ||
| Q1 25 | $0.30 | $2.53 | ||
| Q4 24 | $0.59 | $3.57 | ||
| Q3 24 | $0.97 | $3.29 | ||
| Q2 24 | $-1.19 | $2.60 | ||
| Q1 24 | $0.64 | $-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 | $46.6M | $1.2B |
| 总债务越低越好 | $7.2B | — |
| 股东权益账面价值 | $8.1B | $2.4B |
| 总资产 | $19.5B | $19.4B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CAGMSI
| Q4 25 | $46.6M | $1.2B | ||
| Q3 25 | $698.1M | $894.0M | ||
| Q2 25 | $68.0M | $3.2B | ||
| Q1 25 | $49.4M | $1.6B | ||
| Q4 24 | $37.4M | $2.1B | ||
| Q3 24 | $128.7M | $1.4B | ||
| Q2 24 | $77.7M | $1.4B | ||
| Q1 24 | $78.5M | $1.5B |
总债务CAGMSI
| Q4 25 | $7.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — | ||
| Q1 24 | $8.5B | — |
股东权益CAGMSI
| Q4 25 | $8.1B | $2.4B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | $8.9B | $2.0B | ||
| Q1 25 | $8.8B | $1.6B | ||
| Q4 24 | $8.8B | $1.7B | ||
| Q3 24 | $8.7B | $1.3B | ||
| Q2 24 | $8.4B | $802.0M | ||
| Q1 24 | $9.2B | $521.0M |
总资产CAGMSI
| Q4 25 | $19.5B | $19.4B | ||
| Q3 25 | $21.2B | $18.8B | ||
| Q2 25 | $20.9B | $16.4B | ||
| Q1 25 | $20.7B | $14.4B | ||
| Q4 24 | $21.0B | $14.6B | ||
| Q3 24 | $21.2B | $13.9B | ||
| Q2 24 | $20.9B | $13.3B | ||
| Q1 24 | $21.9B | $13.3B |
负债/权益比CAGMSI
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.93× | — |
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 | $210.6M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $138.8M | $1.1B |
| 自由现金流率自由现金流/营收 | 4.7% | 33.8% |
| 资本支出强度资本支出/营收 | 2.4% | 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 | $876.4M | $2.6B |
8季度趋势，按日历期对齐
经营现金流CAGMSI
| Q4 25 | $210.6M | $1.3B | ||
| Q3 25 | $120.6M | $798.0M | ||
| Q2 25 | $345.7M | $273.0M | ||
| Q1 25 | $592.0M | $510.0M | ||
| Q4 24 | $485.6M | $1.1B | ||
| Q3 24 | $268.6M | $759.0M | ||
| Q2 24 | $484.3M | $180.0M | ||
| Q1 24 | $676.7M | $382.0M |
自由现金流CAGMSI
| Q4 25 | $138.8M | $1.1B | ||
| Q3 25 | $-26.2M | $732.0M | ||
| Q2 25 | $260.6M | $225.0M | ||
| Q1 25 | $503.2M | $473.0M | ||
| Q4 24 | $403.2M | $984.0M | ||
| Q3 24 | $135.6M | $702.0M | ||
| Q2 24 | $405.8M | $112.0M | ||
| Q1 24 | $581.1M | $336.0M |
自由现金流率CAGMSI
| Q4 25 | 4.7% | 33.8% | ||
| Q3 25 | -1.0% | 24.3% | ||
| Q2 25 | 9.4% | 8.1% | ||
| Q1 25 | 17.7% | 18.7% | ||
| Q4 24 | 12.6% | 32.7% | ||
| Q3 24 | 4.9% | 25.2% | ||
| Q2 24 | 14.0% | 4.3% | ||
| Q1 24 | 19.2% | 14.1% |
资本支出强度CAGMSI
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 5.6% | 2.2% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 3.1% | 1.5% | ||
| Q4 24 | 2.6% | 2.9% | ||
| Q3 24 | 4.8% | 2.0% | ||
| Q2 24 | 2.7% | 2.6% | ||
| Q1 24 | 3.2% | 1.9% |
现金转化率CAGMSI
| Q4 25 | — | 1.94× | ||
| Q3 25 | 0.73× | 1.42× | ||
| Q2 25 | 1.35× | 0.53× | ||
| Q1 25 | 4.08× | 1.19× | ||
| Q4 24 | 1.71× | 1.75× | ||
| Q3 24 | 0.58× | 1.35× | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | 2.19× | — |
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
CAG
| Frozen | $1.1B | 35% |
| Other Shelf Stable | $625.2M | 21% |
| Snacks | $583.9M | 20% |
| Foodservice | $288.4M | 10% |
| Other | $230.4M | 8% |
| Refrigerated | $196.0M | 7% |
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% |
