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哈特福德（HIG）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
哈特福德的季度营收约是摩托罗拉解决方案的1.2倍（$4.1B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 13.2%，领先6.0%），摩托罗拉解决方案同比增速更快（12.3% vs -43.7%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -20.8%）
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
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。
HIG vs MSI — 直观对比
营收规模更大
HIG
是对方的1.2倍
$3.4B
营收增速更快
MSI
高出56.0%
-43.7%
净利率更高
MSI
高出6.0%
13.2%
两年增速更快
MSI
近两年复合增速
-20.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $3.4B |
| 净利润 | $536.0M | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | — | 27.9% |
| 净利率 | 13.2% | 19.2% |
| 营收同比 | -43.7% | 12.3% |
| 净利润同比 | 12.0% | 6.2% |
| 每股收益（稀释后） | — | $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HIGMSI
| Q1 26 | $4.1B | — | ||
| Q4 25 | $7.3B | $3.4B | ||
| Q3 25 | $7.2B | $3.0B | ||
| Q2 25 | $7.0B | $2.8B | ||
| Q1 25 | $6.8B | $2.5B | ||
| Q4 24 | $6.9B | $3.0B | ||
| Q3 24 | $6.8B | $2.8B | ||
| Q2 24 | $6.5B | $2.6B |
净利润HIGMSI
| Q1 26 | $536.0M | — | ||
| Q4 25 | — | $649.0M | ||
| Q3 25 | $1.1B | $562.0M | ||
| Q2 25 | $995.0M | $513.0M | ||
| Q1 25 | $630.0M | $430.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | $767.0M | $562.0M | ||
| Q2 24 | $738.0M | $443.0M |
毛利率HIGMSI
| Q1 26 | — | — | ||
| 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% |
营业利润率HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 27.9% | ||
| Q3 25 | 18.2% | 25.6% | ||
| Q2 25 | 17.8% | 25.0% | ||
| Q1 25 | 11.5% | 23.0% | ||
| Q4 24 | 15.6% | 27.0% | ||
| Q3 24 | 14.1% | 25.5% | ||
| Q2 24 | 14.1% | 24.5% |
净利率HIGMSI
| Q1 26 | 13.2% | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | 14.9% | 18.7% | ||
| Q2 25 | 14.2% | 18.6% | ||
| Q1 25 | 9.3% | 17.0% | ||
| Q4 24 | — | 20.3% | ||
| Q3 24 | 11.4% | 20.1% | ||
| Q2 24 | 11.4% | 16.9% |
每股收益（稀释后）HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | $3.96 | $3.85 | ||
| Q3 25 | $3.77 | $3.33 | ||
| Q2 25 | $3.44 | $3.04 | ||
| Q1 25 | $2.15 | $2.53 | ||
| Q4 24 | $2.88 | $3.57 | ||
| Q3 24 | $2.56 | $3.29 | ||
| Q2 24 | $2.44 | $2.60 |
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 | $1.7M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $16.8M | $2.4B |
| 总资产 | $86.3M | $19.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HIGMSI
| Q1 26 | $1.7M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $894.0M | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
总债务HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
股东权益HIGMSI
| Q1 26 | $16.8M | — | ||
| Q4 25 | $19.0B | $2.4B | ||
| Q3 25 | $18.4B | $2.3B | ||
| Q2 25 | $17.5B | $2.0B | ||
| Q1 25 | $16.8B | $1.6B | ||
| Q4 24 | $16.4B | $1.7B | ||
| Q3 24 | $17.0B | $1.3B | ||
| Q2 24 | $15.7B | $802.0M |
总资产HIGMSI
| Q1 26 | $86.3M | — | ||
| Q4 25 | $86.0B | $19.4B | ||
| Q3 25 | $85.0B | $18.8B | ||
| Q2 25 | $83.6B | $16.4B | ||
| Q1 25 | $82.3B | $14.4B | ||
| Q4 24 | $80.9B | $14.6B | ||
| Q3 24 | $81.2B | $13.9B | ||
| Q2 24 | $79.0B | $13.3B |
负债/权益比HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.28× | — |
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HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $1.8B | $798.0M | ||
| Q2 25 | $1.3B | $273.0M | ||
| Q1 25 | $985.0M | $510.0M | ||
| Q4 24 | $5.9B | $1.1B | ||
| Q3 24 | $1.7B | $759.0M | ||
| Q2 24 | $1.3B | $180.0M |
自由现金流HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $1.1B | ||
| Q3 25 | $1.8B | $732.0M | ||
| Q2 25 | $1.3B | $225.0M | ||
| Q1 25 | $947.0M | $473.0M | ||
| Q4 24 | $5.8B | $984.0M | ||
| Q3 24 | $1.6B | $702.0M | ||
| Q2 24 | $1.2B | $112.0M |
自由现金流率HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | 78.4% | 33.8% | ||
| Q3 25 | 24.8% | 24.3% | ||
| Q2 25 | 17.9% | 8.1% | ||
| Q1 25 | 13.9% | 18.7% | ||
| Q4 24 | 83.8% | 32.7% | ||
| Q3 24 | 24.0% | 25.2% | ||
| Q2 24 | 18.5% | 4.3% |
资本支出强度HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 3.4% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.6% | 1.7% | ||
| Q1 25 | 0.6% | 1.5% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 0.9% | 2.6% |
现金转化率HIGMSI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.94× | ||
| Q3 25 | 1.70× | 1.42× | ||
| Q2 25 | 1.30× | 0.53× | ||
| Q1 25 | 1.56× | 1.19× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | 2.19× | 1.35× | ||
| Q2 24 | 1.71× | 0.41× |
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
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 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% |
