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F&G Annuities & Life, Inc.（FG）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F&G Annuities & Life, Inc.的1.9倍（$3.4B vs $1.8B），摩托罗拉解决方案净利率更高（19.2% vs 7.3%，领先11.9%），F&G Annuities & Life, Inc.同比增速更快（13.2% vs 12.3%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 6.1%）
F&G年金人寿保险公司是一家总部位于美国爱荷华州得梅因的上市企业，成立于1959年，核心业务涵盖年金产品、人寿保险及养老金收购服务，长期为客户提供多元化的风险保障与养老财务解决方案。
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。
FG vs MSI — 直观对比
营收规模更大
MSI
是对方的1.9倍
$1.8B
营收增速更快
FG
高出0.9%
12.3%
净利率更高
MSI
高出11.9%
7.3%
两年增速更快
MSI
近两年复合增速
6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.4B |
| 净利润 | $128.0M | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | — | 27.9% |
| 净利率 | 7.3% | 19.2% |
| 营收同比 | 13.2% | 12.3% |
| 净利润同比 | -60.9% | 6.2% |
| 每股收益（稀释后） | $0.97 | $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FGMSI
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $908.0M | $2.5B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.2B | $2.6B | ||
| Q1 24 | $1.6B | $2.4B |
净利润FGMSI
| Q4 25 | $128.0M | $649.0M | ||
| Q3 25 | $118.0M | $562.0M | ||
| Q2 25 | $40.0M | $513.0M | ||
| Q1 25 | $-21.0M | $430.0M | ||
| Q4 24 | $327.0M | $611.0M | ||
| Q3 24 | $-6.0M | $562.0M | ||
| Q2 24 | $203.0M | $443.0M | ||
| Q1 24 | $115.0M | $-39.0M |
毛利率FGMSI
| Q4 25 | — | 52.3% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | — | 51.1% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 51.4% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 49.9% |
营业利润率FGMSI
| Q4 25 | — | 27.9% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 24.5% | ||
| Q1 24 | — | 21.7% |
净利率FGMSI
| Q4 25 | 7.3% | 19.2% | ||
| Q3 25 | 7.0% | 18.7% | ||
| Q2 25 | 2.9% | 18.6% | ||
| Q1 25 | -2.3% | 17.0% | ||
| Q4 24 | 21.0% | 20.3% | ||
| Q3 24 | -0.4% | 20.1% | ||
| Q2 24 | 17.3% | 16.9% | ||
| Q1 24 | 7.3% | -1.6% |
每股收益（稀释后）FGMSI
| Q4 25 | $0.97 | $3.85 | ||
| Q3 25 | $0.85 | $3.33 | ||
| Q2 25 | $0.26 | $3.04 | ||
| Q1 25 | $-0.20 | $2.53 | ||
| Q4 24 | $2.53 | $3.57 | ||
| Q3 24 | $-0.08 | $3.29 | ||
| Q2 24 | $1.55 | $2.60 | ||
| Q1 24 | $0.88 | $-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 | $1.5B | $1.2B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.8B | $2.4B |
| 总资产 | $98.4B | $19.4B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资FGMSI
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $2.2B | $894.0M | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.5B | $1.4B | ||
| Q1 24 | $2.4B | $1.5B |
总债务FGMSI
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.7B | — |
股东权益FGMSI
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.8B | $2.3B | ||
| Q2 25 | $4.4B | $2.0B | ||
| Q1 25 | $4.4B | $1.6B | ||
| Q4 24 | $4.0B | $1.7B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $3.7B | $802.0M | ||
| Q1 24 | $3.5B | $521.0M |
总资产FGMSI
| Q4 25 | $98.4B | $19.4B | ||
| Q3 25 | $96.1B | $18.8B | ||
| Q2 25 | $91.8B | $16.4B | ||
| Q1 25 | $88.0B | $14.4B | ||
| Q4 24 | $85.0B | $14.6B | ||
| Q3 24 | $84.1B | $13.9B | ||
| Q2 24 | $78.5B | $13.3B | ||
| Q1 24 | $74.4B | $13.3B |
负债/权益比FGMSI
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.49× | — |
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 | $1.2B | $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 | 9.13× | 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FGMSI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $937.0M | $798.0M | ||
| Q2 25 | $1.6B | $273.0M | ||
| Q1 25 | $956.0M | $510.0M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $2.1B | $759.0M | ||
| Q2 24 | $1.1B | $180.0M | ||
| Q1 24 | $1.5B | $382.0M |
自由现金流FGMSI
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $732.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $473.0M | ||
| Q4 24 | — | $984.0M | ||
| Q3 24 | — | $702.0M | ||
| Q2 24 | — | $112.0M | ||
| Q1 24 | — | $336.0M |
自由现金流率FGMSI
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 14.1% |
资本支出强度FGMSI
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 1.9% |
现金转化率FGMSI
| Q4 25 | 9.13× | 1.94× | ||
| Q3 25 | 7.94× | 1.42× | ||
| Q2 25 | 40.50× | 0.53× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 4.04× | 1.75× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | 5.20× | 0.41× | ||
| Q1 24 | 13.34× | — |
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
FG
暂无分部数据
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% |
