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Knight-Swift Transportation Holdings Inc.（KNX）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Knight-Swift Transportation Holdings Inc.的1.8倍（$3.4B vs $1.9B），摩托罗拉解决方案净利率更高（19.2% vs 0.0%，领先19.2%），摩托罗拉解决方案同比增速更快（12.3% vs 1.4%），摩托罗拉解决方案自由现金流更多（$1.1B vs $56.9M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 0.1%）
Knight-Swift是美国知名整车公路货运服务商，总部位于亚利桑那州菲尼克斯。该集团由同在菲尼克斯的Swift运输与Knight运输于2017年合并成立，旗下货运网络覆盖北美主要区域，为各行业客户提供专业可靠的整车物流运输服务。
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。
KNX vs MSI — 直观对比
营收规模更大
MSI
是对方的1.8倍
$1.9B
营收增速更快
MSI
高出10.9%
1.4%
净利率更高
MSI
高出19.2%
0.0%
自由现金流更多
MSI
多$1.1B
$56.9M
两年增速更快
MSI
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.4B |
| 净利润 | $96.0K | $649.0M |
| 毛利率 | — | 52.3% |
| 营业利润率 | 1.5% | 27.9% |
| 净利率 | 0.0% | 19.2% |
| 营收同比 | 1.4% | 12.3% |
| 净利润同比 | -76.6% | 6.2% |
| 每股收益（稀释后） | $-0.01 | $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KNXMSI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $3.4B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.8B | $2.6B |
净利润KNXMSI
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $649.0M | ||
| Q3 25 | $7.9M | $562.0M | ||
| Q2 25 | $34.2M | $513.0M | ||
| Q1 25 | $30.6M | $430.0M | ||
| Q4 24 | $69.5M | $611.0M | ||
| Q3 24 | $30.5M | $562.0M | ||
| Q2 24 | $20.3M | $443.0M |
毛利率KNXMSI
| 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KNXMSI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 27.9% | ||
| Q3 25 | 2.6% | 25.6% | ||
| Q2 25 | 3.9% | 25.0% | ||
| Q1 25 | 3.7% | 23.0% | ||
| Q4 24 | 4.2% | 27.0% | ||
| Q3 24 | 4.3% | 25.5% | ||
| Q2 24 | 3.4% | 24.5% |
净利率KNXMSI
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 19.2% | ||
| Q3 25 | 0.4% | 18.7% | ||
| Q2 25 | 1.8% | 18.6% | ||
| Q1 25 | 1.7% | 17.0% | ||
| Q4 24 | 3.7% | 20.3% | ||
| Q3 24 | 1.6% | 20.1% | ||
| Q2 24 | 1.1% | 16.9% |
每股收益（稀释后）KNXMSI
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $3.85 | ||
| Q3 25 | $0.05 | $3.33 | ||
| Q2 25 | $0.21 | $3.04 | ||
| Q1 25 | $0.19 | $2.53 | ||
| Q4 24 | $0.43 | $3.57 | ||
| Q3 24 | $0.19 | $3.29 | ||
| Q2 24 | $0.13 | $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 | $222.8M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $2.4B |
| 总资产 | $11.9B | $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KNXMSI
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $1.2B | ||
| Q3 25 | $192.7M | $894.0M | ||
| Q2 25 | $216.3M | $3.2B | ||
| Q1 25 | $209.5M | $1.6B | ||
| Q4 24 | $218.3M | $2.1B | ||
| Q3 24 | $166.3M | $1.4B | ||
| Q2 24 | $186.5M | $1.4B |
总债务KNXMSI
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — |
股东权益KNXMSI
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $2.4B | ||
| Q3 25 | $7.1B | $2.3B | ||
| Q2 25 | $7.1B | $2.0B | ||
| Q1 25 | $7.1B | $1.6B | ||
| Q4 24 | $7.1B | $1.7B | ||
| Q3 24 | $7.1B | $1.3B | ||
| Q2 24 | $7.1B | $802.0M |
总资产KNXMSI
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $19.4B | ||
| Q3 25 | $12.6B | $18.8B | ||
| Q2 25 | $12.5B | $16.4B | ||
| Q1 25 | $12.6B | $14.4B | ||
| Q4 24 | $12.7B | $14.6B | ||
| Q3 24 | $12.8B | $13.9B | ||
| Q2 24 | $12.6B | $13.3B |
负债/权益比KNXMSI
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.23× | — |
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 | $142.5M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $56.9M | $1.1B |
| 自由现金流率自由现金流/营收 | 3.1% | 33.8% |
| 资本支出强度资本支出/营收 | 4.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 1484.79× | 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KNXMSI
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $1.3B | ||
| Q3 25 | $217.5M | $798.0M | ||
| Q2 25 | $216.5M | $273.0M | ||
| Q1 25 | $109.4M | $510.0M | ||
| Q4 24 | $274.3M | $1.1B | ||
| Q3 24 | $214.0M | $759.0M | ||
| Q2 24 | $273.4M | $180.0M |
自由现金流KNXMSI
| Q1 26 | $56.9M | — | ||
| 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 |
自由现金流率KNXMSI
| Q1 26 | 3.1% | — | ||
| 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% |
资本支出强度KNXMSI
| Q1 26 | 4.6% | — | ||
| 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% |
现金转化率KNXMSI
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 1.94× | ||
| Q3 25 | 27.67× | 1.42× | ||
| Q2 25 | 6.32× | 0.53× | ||
| Q1 25 | 3.57× | 1.19× | ||
| Q4 24 | 3.95× | 1.75× | ||
| Q3 24 | 7.03× | 1.35× | ||
| Q2 24 | 13.47× | 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
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
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% |
