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景顺（IVZ）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景顺的2.0倍（$3.4B vs $1.7B），摩托罗拉解决方案净利率更高（19.2% vs -58.9%，领先78.1%），摩托罗拉解决方案同比增速更快（12.3% vs 6.2%），摩托罗拉解决方案自由现金流更多（$1.1B vs $432.2M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 7.1%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
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。
IVZ vs MSI — 直观对比
营收规模更大
MSI
是对方的2.0倍
$1.7B
营收增速更快
MSI
高出6.1%
6.2%
净利率更高
MSI
高出78.1%
-58.9%
自由现金流更多
MSI
多$709.8M
$432.2M
两年增速更快
MSI
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.4B |
| 净利润 | $-995.9M | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | -86.2% | 27.9% |
| 净利率 | -58.9% | 19.2% |
| 营收同比 | 6.2% | 12.3% |
| 净利润同比 | -575.8% | 6.2% |
| 每股收益（稀释后） | $-2.61 | $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IVZMSI
| Q4 25 | $1.7B | $3.4B | ||
| Q3 25 | $1.6B | $3.0B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $2.6B | ||
| Q1 24 | $1.5B | $2.4B |
净利润IVZMSI
| Q4 25 | $-995.9M | $649.0M | ||
| Q3 25 | $356.4M | $562.0M | ||
| Q2 25 | $197.4M | $513.0M | ||
| Q1 25 | $171.1M | $430.0M | ||
| Q4 24 | $209.3M | $611.0M | ||
| Q3 24 | $55.0M | $562.0M | ||
| Q2 24 | $132.2M | $443.0M | ||
| Q1 24 | $141.5M | $-39.0M |
毛利率IVZMSI
| 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IVZMSI
| Q4 25 | -86.2% | 27.9% | ||
| Q3 25 | 16.5% | 25.6% | ||
| Q2 25 | 14.1% | 25.0% | ||
| Q1 25 | 18.1% | 23.0% | ||
| Q4 24 | 19.6% | 27.0% | ||
| Q3 24 | 6.6% | 25.5% | ||
| Q2 24 | 13.9% | 24.5% | ||
| Q1 24 | 14.4% | 21.7% |
净利率IVZMSI
| Q4 25 | -58.9% | 19.2% | ||
| Q3 25 | 21.7% | 18.7% | ||
| Q2 25 | 13.0% | 18.6% | ||
| Q1 25 | 11.2% | 17.0% | ||
| Q4 24 | 13.1% | 20.3% | ||
| Q3 24 | 3.6% | 20.1% | ||
| Q2 24 | 8.9% | 16.9% | ||
| Q1 24 | 9.6% | -1.6% |
每股收益（稀释后）IVZMSI
| Q4 25 | $-2.61 | $3.85 | ||
| Q3 25 | $0.66 | $3.33 | ||
| Q2 25 | $-0.03 | $3.04 | ||
| Q1 25 | $0.38 | $2.53 | ||
| Q4 24 | $0.46 | $3.57 | ||
| Q3 24 | $0.12 | $3.29 | ||
| Q2 24 | $0.29 | $2.60 | ||
| Q1 24 | $0.31 | $-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 | $1.0B | $1.2B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $12.2B | $2.4B |
| 总资产 | $27.1B | $19.4B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资IVZMSI
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $973.1M | $894.0M | ||
| Q2 25 | $922.7M | $3.2B | ||
| Q1 25 | $821.7M | $1.6B | ||
| Q4 24 | $986.5M | $2.1B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $878.5M | $1.4B | ||
| Q1 24 | $895.7M | $1.5B |
总债务IVZMSI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — | ||
| Q1 24 | $1.3B | — |
股东权益IVZMSI
| Q4 25 | $12.2B | $2.4B | ||
| Q3 25 | $14.0B | $2.3B | ||
| Q2 25 | $13.9B | $2.0B | ||
| Q1 25 | $14.7B | $1.6B | ||
| Q4 24 | $14.6B | $1.7B | ||
| Q3 24 | $14.8B | $1.3B | ||
| Q2 24 | $14.6B | $802.0M | ||
| Q1 24 | $14.6B | $521.0M |
总资产IVZMSI
| Q4 25 | $27.1B | $19.4B | ||
| Q3 25 | $28.4B | $18.8B | ||
| Q2 25 | $28.5B | $16.4B | ||
| Q1 25 | $28.1B | $14.4B | ||
| Q4 24 | $27.0B | $14.6B | ||
| Q3 24 | $27.5B | $13.9B | ||
| Q2 24 | $27.2B | $13.3B | ||
| Q1 24 | $28.1B | $13.3B |
负债/权益比IVZMSI
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.09× | — |
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 | $455.8M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $1.1B |
| 自由现金流率自由现金流/营收 | 25.5% | 33.8% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $1.4B | $2.6B |
8季度趋势，按日历期对齐
经营现金流IVZMSI
| Q4 25 | $455.8M | $1.3B | ||
| Q3 25 | $606.2M | $798.0M | ||
| Q2 25 | $547.9M | $273.0M | ||
| Q1 25 | $-84.6M | $510.0M | ||
| Q4 24 | $316.9M | $1.1B | ||
| Q3 24 | $438.4M | $759.0M | ||
| Q2 24 | $489.1M | $180.0M | ||
| Q1 24 | $-54.4M | $382.0M |
自由现金流IVZMSI
| Q4 25 | $432.2M | $1.1B | ||
| Q3 25 | $586.4M | $732.0M | ||
| Q2 25 | $530.4M | $225.0M | ||
| Q1 25 | $-108.0M | $473.0M | ||
| Q4 24 | $309.9M | $984.0M | ||
| Q3 24 | $410.0M | $702.0M | ||
| Q2 24 | $462.4M | $112.0M | ||
| Q1 24 | $-75.4M | $336.0M |
自由现金流率IVZMSI
| Q4 25 | 25.5% | 33.8% | ||
| Q3 25 | 35.7% | 24.3% | ||
| Q2 25 | 35.0% | 8.1% | ||
| Q1 25 | -7.1% | 18.7% | ||
| Q4 24 | 19.5% | 32.7% | ||
| Q3 24 | 27.1% | 25.2% | ||
| Q2 24 | 31.2% | 4.3% | ||
| Q1 24 | -5.1% | 14.1% |
资本支出强度IVZMSI
| Q4 25 | 1.4% | 3.4% | ||
| Q3 25 | 1.2% | 2.2% | ||
| Q2 25 | 1.2% | 1.7% | ||
| Q1 25 | 1.5% | 1.5% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 1.8% | 2.6% | ||
| Q1 24 | 1.4% | 1.9% |
现金转化率IVZMSI
| Q4 25 | — | 1.94× | ||
| Q3 25 | 1.70× | 1.42× | ||
| Q2 25 | 2.78× | 0.53× | ||
| Q1 25 | -0.49× | 1.19× | ||
| Q4 24 | 1.51× | 1.75× | ||
| Q3 24 | 7.97× | 1.35× | ||
| Q2 24 | 3.70× | 0.41× | ||
| Q1 24 | -0.38× | — |
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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
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% |
