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Cintas（CTAS）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Cintas的1.2倍（$3.4B vs $2.8B），摩托罗拉解决方案净利率更高（19.2% vs 17.7%，领先1.5%），摩托罗拉解决方案同比增速更快（12.3% vs 9.3%），摩托罗拉解决方案自由现金流更多（$1.1B vs $425.0M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 7.9%）
美国Cintas公司总部位于俄亥俄州梅森市，面向各类企业客户提供制服、地垫、拖把、清洁及卫浴用品、急救安全产品、灭火器检测服务、安全培训课程等多元产品及服务，在纳斯达克全球精选市场上市，股票代码CTAS，是标普500指数成分股。
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。
CTAS vs MSI — 直观对比
营收规模更大
MSI
是对方的1.2倍
$2.8B
营收增速更快
MSI
高出3.0%
9.3%
净利率更高
MSI
高出1.5%
17.7%
自由现金流更多
MSI
多$717.0M
$425.0M
两年增速更快
MSI
近两年复合增速
7.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.4B |
| 净利润 | $495.3M | $649.0M |
| 毛利率 | 50.4% | 52.3% |
| 营业利润率 | 23.4% | 27.9% |
| 净利率 | 17.7% | 19.2% |
| 营收同比 | 9.3% | 12.3% |
| 净利润同比 | 10.4% | 6.2% |
| 每股收益（稀释后） | $1.21 | $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CTASMSI
| Q4 25 | $2.8B | $3.4B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.6B | $3.0B | ||
| Q3 24 | $2.5B | $2.8B | ||
| Q2 24 | $2.5B | $2.6B | ||
| Q1 24 | $2.4B | $2.4B |
净利润CTASMSI
| Q4 25 | $495.3M | $649.0M | ||
| Q3 25 | $491.1M | $562.0M | ||
| Q2 25 | $448.3M | $513.0M | ||
| Q1 25 | $463.5M | $430.0M | ||
| Q4 24 | $448.5M | $611.0M | ||
| Q3 24 | $452.0M | $562.0M | ||
| Q2 24 | $414.3M | $443.0M | ||
| Q1 24 | $397.6M | $-39.0M |
毛利率CTASMSI
| Q4 25 | 50.4% | 52.3% | ||
| Q3 25 | 50.3% | 51.6% | ||
| Q2 25 | 49.7% | 51.1% | ||
| Q1 25 | 50.6% | 51.4% | ||
| Q4 24 | 49.8% | 51.4% | ||
| Q3 24 | 50.1% | 51.4% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 49.9% |
营业利润率CTASMSI
| Q4 25 | 23.4% | 27.9% | ||
| Q3 25 | 22.7% | 25.6% | ||
| Q2 25 | 22.4% | 25.0% | ||
| Q1 25 | 23.4% | 23.0% | ||
| Q4 24 | 23.1% | 27.0% | ||
| Q3 24 | 22.4% | 25.5% | ||
| Q2 24 | 22.2% | 24.5% | ||
| Q1 24 | 21.6% | 21.7% |
净利率CTASMSI
| Q4 25 | 17.7% | 19.2% | ||
| Q3 25 | 18.1% | 18.7% | ||
| Q2 25 | 16.8% | 18.6% | ||
| Q1 25 | 17.8% | 17.0% | ||
| Q4 24 | 17.5% | 20.3% | ||
| Q3 24 | 18.1% | 20.1% | ||
| Q2 24 | 16.8% | 16.9% | ||
| Q1 24 | 16.5% | -1.6% |
每股收益（稀释后）CTASMSI
| Q4 25 | $1.21 | $3.85 | ||
| Q3 25 | $1.20 | $3.33 | ||
| Q2 25 | $1.08 | $3.04 | ||
| Q1 25 | $1.13 | $2.53 | ||
| Q4 24 | $1.09 | $3.57 | ||
| Q3 24 | $1.10 | $3.29 | ||
| Q2 24 | $4.00 | $2.60 | ||
| Q1 24 | $3.84 | $-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 | $200.8M | $1.2B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.5B | $2.4B |
| 总资产 | $10.1B | $19.4B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资CTASMSI
| Q4 25 | $200.8M | $1.2B | ||
| Q3 25 | $138.1M | $894.0M | ||
| Q2 25 | $264.0M | $3.2B | ||
| Q1 25 | $243.4M | $1.6B | ||
| Q4 24 | $122.4M | $2.1B | ||
| Q3 24 | $101.4M | $1.4B | ||
| Q2 24 | $342.0M | $1.4B | ||
| Q1 24 | $128.5M | $1.5B |
总债务CTASMSI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.5B | — |
股东权益CTASMSI
| Q4 25 | $4.5B | $2.4B | ||
| Q3 25 | $4.8B | $2.3B | ||
| Q2 25 | $4.7B | $2.0B | ||
| Q1 25 | $4.6B | $1.6B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $4.3B | $802.0M | ||
| Q1 24 | $4.2B | $521.0M |
总资产CTASMSI
| Q4 25 | $10.1B | $19.4B | ||
| Q3 25 | $9.8B | $18.8B | ||
| Q2 25 | $9.8B | $16.4B | ||
| Q1 25 | $9.6B | $14.4B | ||
| Q4 24 | $9.4B | $14.6B | ||
| Q3 24 | $9.1B | $13.9B | ||
| Q2 24 | $9.2B | $13.3B | ||
| Q1 24 | $9.0B | $13.3B |
负债/权益比CTASMSI
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.58× | — |
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 | $531.2M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $425.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 15.2% | 33.8% |
| 资本支出强度资本支出/营收 | 3.8% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.94× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $2.6B |
8季度趋势，按日历期对齐
经营现金流CTASMSI
| Q4 25 | $531.2M | $1.3B | ||
| Q3 25 | $414.5M | $798.0M | ||
| Q2 25 | $635.7M | $273.0M | ||
| Q1 25 | $622.0M | $510.0M | ||
| Q4 24 | $441.4M | $1.1B | ||
| Q3 24 | $466.7M | $759.0M | ||
| Q2 24 | $693.0M | $180.0M | ||
| Q1 24 | $657.1M | $382.0M |
自由现金流CTASMSI
| Q4 25 | $425.0M | $1.1B | ||
| Q3 25 | $312.5M | $732.0M | ||
| Q2 25 | $521.1M | $225.0M | ||
| Q1 25 | $522.1M | $473.0M | ||
| Q4 24 | $340.0M | $984.0M | ||
| Q3 24 | $373.8M | $702.0M | ||
| Q2 24 | $591.1M | $112.0M | ||
| Q1 24 | $550.1M | $336.0M |
自由现金流率CTASMSI
| Q4 25 | 15.2% | 33.8% | ||
| Q3 25 | 11.5% | 24.3% | ||
| Q2 25 | 19.5% | 8.1% | ||
| Q1 25 | 20.0% | 18.7% | ||
| Q4 24 | 13.3% | 32.7% | ||
| Q3 24 | 14.9% | 25.2% | ||
| Q2 24 | 23.9% | 4.3% | ||
| Q1 24 | 22.9% | 14.1% |
资本支出强度CTASMSI
| Q4 25 | 3.8% | 3.4% | ||
| Q3 25 | 3.8% | 2.2% | ||
| Q2 25 | 4.3% | 1.7% | ||
| Q1 25 | 3.8% | 1.5% | ||
| Q4 24 | 4.0% | 2.9% | ||
| Q3 24 | 3.7% | 2.0% | ||
| Q2 24 | 4.1% | 2.6% | ||
| Q1 24 | 4.4% | 1.9% |
现金转化率CTASMSI
| Q4 25 | 1.07× | 1.94× | ||
| Q3 25 | 0.84× | 1.42× | ||
| Q2 25 | 1.42× | 0.53× | ||
| Q1 25 | 1.34× | 1.19× | ||
| Q4 24 | 0.98× | 1.75× | ||
| Q3 24 | 1.03× | 1.35× | ||
| Q2 24 | 1.67× | 0.41× | ||
| Q1 24 | 1.65× | — |
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
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
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% |
