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达登餐饮（DRI）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达登餐饮的1.1倍（$3.4B vs $3.1B），摩托罗拉解决方案净利率更高（19.2% vs 7.6%，领先11.6%），摩托罗拉解决方案同比增速更快（12.3% vs 7.3%），摩托罗拉解决方案自由现金流更多（$1.1B vs $119.8M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 2.1%）
达登餐饮是总部位于美国佛罗里达州奥兰多的多品牌全服务餐饮运营商，为全球规模最大的全服务餐饮集团，旗下拥有超1800家门店，员工逾17.5万名。品牌前身由威廉·达登创立，最初获通用磨坊投资，旗下红龙虾品牌于2014年7月售出。
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。
DRI vs MSI — 直观对比
营收规模更大
MSI
是对方的1.1倍
$3.1B
营收增速更快
MSI
高出5.0%
7.3%
净利率更高
MSI
高出11.6%
7.6%
自由现金流更多
MSI
多$1.0B
$119.8M
两年增速更快
MSI
近两年复合增速
2.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.4B |
| 净利润 | $237.2M | $649.0M |
| 毛利率 | 18.7% | 52.3% |
| 营业利润率 | 10.3% | 27.9% |
| 净利率 | 7.6% | 19.2% |
| 营收同比 | 7.3% | 12.3% |
| 净利润同比 | 10.3% | 6.2% |
| 每股收益（稀释后） | $2.03 | $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DRIMSI
| Q4 25 | $3.1B | $3.4B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $3.3B | $2.8B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $2.9B | $3.0B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $3.0B | $2.6B | ||
| Q1 24 | $3.0B | $2.4B |
净利润DRIMSI
| Q4 25 | $237.2M | $649.0M | ||
| Q3 25 | $257.8M | $562.0M | ||
| Q2 25 | $303.9M | $513.0M | ||
| Q1 25 | $323.4M | $430.0M | ||
| Q4 24 | $215.1M | $611.0M | ||
| Q3 24 | $207.2M | $562.0M | ||
| Q2 24 | $308.1M | $443.0M | ||
| Q1 24 | $312.9M | $-39.0M |
毛利率DRIMSI
| Q4 25 | 18.7% | 52.3% | ||
| Q3 25 | 18.9% | 51.6% | ||
| Q2 25 | 22.1% | 51.1% | ||
| Q1 25 | 21.1% | 51.4% | ||
| Q4 24 | 19.5% | 51.4% | ||
| Q3 24 | 18.8% | 51.4% | ||
| Q2 24 | 20.9% | 51.0% | ||
| Q1 24 | 20.6% | 49.9% |
营业利润率DRIMSI
| Q4 25 | 10.3% | 27.9% | ||
| Q3 25 | 11.1% | 25.6% | ||
| Q2 25 | 11.7% | 25.0% | ||
| Q1 25 | 13.2% | 23.0% | ||
| Q4 24 | 10.1% | 27.0% | ||
| Q3 24 | 9.8% | 25.5% | ||
| Q2 24 | 13.4% | 24.5% | ||
| Q1 24 | 13.0% | 21.7% |
净利率DRIMSI
| Q4 25 | 7.6% | 19.2% | ||
| Q3 25 | 8.5% | 18.7% | ||
| Q2 25 | 9.3% | 18.6% | ||
| Q1 25 | 10.2% | 17.0% | ||
| Q4 24 | 7.4% | 20.3% | ||
| Q3 24 | 7.5% | 20.1% | ||
| Q2 24 | 10.4% | 16.9% | ||
| Q1 24 | 10.5% | -1.6% |
每股收益（稀释后）DRIMSI
| Q4 25 | $2.03 | $3.85 | ||
| Q3 25 | $2.19 | $3.33 | ||
| Q2 25 | $2.56 | $3.04 | ||
| Q1 25 | $2.74 | $2.53 | ||
| Q4 24 | $1.82 | $3.57 | ||
| Q3 24 | $1.74 | $3.29 | ||
| Q2 24 | $2.56 | $2.60 | ||
| Q1 24 | $2.60 | $-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 | $224.1M | $1.2B |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $2.1B | $2.4B |
| 总资产 | $12.9B | $19.4B |
| 负债/权益比越低杠杆越低 | 1.03× | — |
8季度趋势，按日历期对齐
现金及短期投资DRIMSI
| Q4 25 | $224.1M | $1.2B | ||
| Q3 25 | $211.0M | $894.0M | ||
| Q2 25 | $240.0M | $3.2B | ||
| Q1 25 | $224.2M | $1.6B | ||
| Q4 24 | $217.3M | $2.1B | ||
| Q3 24 | $192.5M | $1.4B | ||
| Q2 24 | $194.8M | $1.4B | ||
| Q1 24 | $243.9M | $1.5B |
总债务DRIMSI
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益DRIMSI
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.2B | $802.0M | ||
| Q1 24 | $2.2B | $521.0M |
总资产DRIMSI
| Q4 25 | $12.9B | $19.4B | ||
| Q3 25 | $12.8B | $18.8B | ||
| Q2 25 | $12.6B | $16.4B | ||
| Q1 25 | $12.6B | $14.4B | ||
| Q4 24 | $12.5B | $14.6B | ||
| Q3 24 | $11.4B | $13.9B | ||
| Q2 24 | $11.3B | $13.3B | ||
| Q1 24 | $11.4B | $13.3B |
负债/权益比DRIMSI
| Q4 25 | 1.03× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.61× | — | ||
| Q1 24 | 0.63× | — |
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 | $320.7M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $119.8M | $1.1B |
| 自由现金流率自由现金流/营收 | 3.9% | 33.8% |
| 资本支出强度资本支出/营收 | 6.5% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.35× | 1.94× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $2.6B |
8季度趋势，按日历期对齐
经营现金流DRIMSI
| Q4 25 | $320.7M | $1.3B | ||
| Q3 25 | $342.5M | $798.0M | ||
| Q2 25 | $457.0M | $273.0M | ||
| Q1 25 | $588.2M | $510.0M | ||
| Q4 24 | $388.6M | $1.1B | ||
| Q3 24 | $273.2M | $759.0M | ||
| Q2 24 | $426.0M | $180.0M | ||
| Q1 24 | $585.8M | $382.0M |
自由现金流DRIMSI
| Q4 25 | $119.8M | $1.1B | ||
| Q3 25 | $168.4M | $732.0M | ||
| Q2 25 | $285.0M | $225.0M | ||
| Q1 25 | $430.1M | $473.0M | ||
| Q4 24 | $219.3M | $984.0M | ||
| Q3 24 | $128.0M | $702.0M | ||
| Q2 24 | $285.6M | $112.0M | ||
| Q1 24 | $437.4M | $336.0M |
自由现金流率DRIMSI
| Q4 25 | 3.9% | 33.8% | ||
| Q3 25 | 5.5% | 24.3% | ||
| Q2 25 | 8.7% | 8.1% | ||
| Q1 25 | 13.6% | 18.7% | ||
| Q4 24 | 7.6% | 32.7% | ||
| Q3 24 | 4.6% | 25.2% | ||
| Q2 24 | 9.7% | 4.3% | ||
| Q1 24 | 14.7% | 14.1% |
资本支出强度DRIMSI
| Q4 25 | 6.5% | 3.4% | ||
| Q3 25 | 5.7% | 2.2% | ||
| Q2 25 | 5.3% | 1.7% | ||
| Q1 25 | 5.0% | 1.5% | ||
| Q4 24 | 5.9% | 2.9% | ||
| Q3 24 | 5.3% | 2.0% | ||
| Q2 24 | 4.7% | 2.6% | ||
| Q1 24 | 5.0% | 1.9% |
现金转化率DRIMSI
| Q4 25 | 1.35× | 1.94× | ||
| Q3 25 | 1.33× | 1.42× | ||
| Q2 25 | 1.50× | 0.53× | ||
| Q1 25 | 1.82× | 1.19× | ||
| Q4 24 | 1.81× | 1.75× | ||
| Q3 24 | 1.32× | 1.35× | ||
| Q2 24 | 1.38× | 0.41× | ||
| Q1 24 | 1.87× | — |
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
DRI
| Olive Garden Segment | $1.4B | 44% |
| Long Horn Steakhouse Segment | $775.9M | 25% |
| Other | $647.3M | 21% |
| Fine Dining Segment | $316.2M | 10% |
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% |
