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赫兹（HTZ）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赫兹的1.7倍（$3.4B vs $2.0B），摩托罗拉解决方案净利率更高（19.2% vs -9.6%，领先28.8%），摩托罗拉解决方案同比增速更快（12.3% vs -0.6%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -1.3%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
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。
HTZ vs MSI — 直观对比
营收规模更大
MSI
是对方的1.7倍
$2.0B
营收增速更快
MSI
高出12.9%
-0.6%
净利率更高
MSI
高出28.8%
-9.6%
两年增速更快
MSI
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.4B |
| 净利润 | $-194.0M | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | -11.0% | 27.9% |
| 净利率 | -9.6% | 19.2% |
| 营收同比 | -0.6% | 12.3% |
| 净利润同比 | 59.5% | 6.2% |
| 每股收益（稀释后） | $-0.46 | $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HTZMSI
| Q4 25 | $2.0B | $3.4B | ||
| Q3 25 | $2.5B | $3.0B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $2.0B | $3.0B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.4B | $2.6B | ||
| Q1 24 | $2.1B | $2.4B |
净利润HTZMSI
| Q4 25 | $-194.0M | $649.0M | ||
| Q3 25 | $184.0M | $562.0M | ||
| Q2 25 | $-294.0M | $513.0M | ||
| Q1 25 | $-443.0M | $430.0M | ||
| Q4 24 | $-479.0M | $611.0M | ||
| Q3 24 | $-1.3B | $562.0M | ||
| Q2 24 | $-865.0M | $443.0M | ||
| Q1 24 | $-186.0M | $-39.0M |
毛利率HTZMSI
| 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HTZMSI
| Q4 25 | -11.0% | 27.9% | ||
| Q3 25 | 9.4% | 25.6% | ||
| Q2 25 | -14.5% | 25.0% | ||
| Q1 25 | -29.0% | 23.0% | ||
| Q4 24 | -27.6% | 27.0% | ||
| Q3 24 | -62.9% | 25.5% | ||
| Q2 24 | -20.1% | 24.5% | ||
| Q1 24 | -27.9% | 21.7% |
净利率HTZMSI
| Q4 25 | -9.6% | 19.2% | ||
| Q3 25 | 7.4% | 18.7% | ||
| Q2 25 | -13.5% | 18.6% | ||
| Q1 25 | -24.4% | 17.0% | ||
| Q4 24 | -23.5% | 20.3% | ||
| Q3 24 | -51.7% | 20.1% | ||
| Q2 24 | -36.8% | 16.9% | ||
| Q1 24 | -8.9% | -1.6% |
每股收益（稀释后）HTZMSI
| Q4 25 | $-0.46 | $3.85 | ||
| Q3 25 | $0.42 | $3.33 | ||
| Q2 25 | $-0.95 | $3.04 | ||
| Q1 25 | $-1.44 | $2.53 | ||
| Q4 24 | $-1.57 | $3.57 | ||
| Q3 24 | $-4.34 | $3.29 | ||
| Q2 24 | $-2.82 | $2.60 | ||
| Q1 24 | $-0.61 | $-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 | $565.0M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-459.0M | $2.4B |
| 总资产 | $22.3B | $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HTZMSI
| Q4 25 | $565.0M | $1.2B | ||
| Q3 25 | $1.1B | $894.0M | ||
| Q2 25 | $503.0M | $3.2B | ||
| Q1 25 | $626.0M | $1.6B | ||
| Q4 24 | $592.0M | $2.1B | ||
| Q3 24 | $501.0M | $1.4B | ||
| Q2 24 | $568.0M | $1.4B | ||
| Q1 24 | $465.0M | $1.5B |
股东权益HTZMSI
| Q4 25 | $-459.0M | $2.4B | ||
| Q3 25 | $-317.0M | $2.3B | ||
| Q2 25 | $-504.0M | $2.0B | ||
| Q1 25 | $-262.0M | $1.6B | ||
| Q4 24 | $153.0M | $1.7B | ||
| Q3 24 | $681.0M | $1.3B | ||
| Q2 24 | $2.0B | $802.0M | ||
| Q1 24 | $2.8B | $521.0M |
总资产HTZMSI
| Q4 25 | $22.3B | $19.4B | ||
| Q3 25 | $23.0B | $18.8B | ||
| Q2 25 | $23.1B | $16.4B | ||
| Q1 25 | $22.0B | $14.4B | ||
| Q4 24 | $21.8B | $14.6B | ||
| Q3 24 | $23.0B | $13.9B | ||
| Q2 24 | $25.2B | $13.3B | ||
| Q1 24 | $24.3B | $13.3B |
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 | $193.0M | $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HTZMSI
| Q4 25 | $193.0M | $1.3B | ||
| Q3 25 | $835.0M | $798.0M | ||
| Q2 25 | $346.0M | $273.0M | ||
| Q1 25 | $251.0M | $510.0M | ||
| Q4 24 | $414.0M | $1.1B | ||
| Q3 24 | $894.0M | $759.0M | ||
| Q2 24 | $546.0M | $180.0M | ||
| Q1 24 | $370.0M | $382.0M |
自由现金流HTZMSI
| 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HTZMSI
| 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HTZMSI
| 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HTZMSI
| Q4 25 | — | 1.94× | ||
| Q3 25 | 4.54× | 1.42× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | — | — |
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
HTZ
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% |
