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Masco（MAS）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Masco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 11.9%，领先7.3%），摩托罗拉解决方案同比增速更快（12.3% vs 6.5%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
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。
MAS 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5.8%
6.5%
净利率更高
MSI
高出7.3%
11.9%
两年增速更快
MSI
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.4B |
| 净利润 | $228.0M | $649.0M |
| 毛利率 | 35.8% | 52.3% |
| 营业利润率 | 16.5% | 27.9% |
| 净利率 | 11.9% | 19.2% |
| 营收同比 | 6.5% | 12.3% |
| 净利润同比 | 14.5% | 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MASMSI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $2.1B | $2.6B |
净利润MASMSI
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $649.0M | ||
| Q3 25 | $189.0M | $562.0M | ||
| Q2 25 | $270.0M | $513.0M | ||
| Q1 25 | $186.0M | $430.0M | ||
| Q4 24 | $182.0M | $611.0M | ||
| Q3 24 | $167.0M | $562.0M | ||
| Q2 24 | $258.0M | $443.0M |
毛利率MASMSI
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 52.3% | ||
| Q3 25 | 34.2% | 51.6% | ||
| Q2 25 | 37.6% | 51.1% | ||
| Q1 25 | 35.8% | 51.4% | ||
| Q4 24 | 34.8% | 51.4% | ||
| Q3 24 | 36.6% | 51.4% | ||
| Q2 24 | 37.5% | 51.0% |
营业利润率MASMSI
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 27.9% | ||
| Q3 25 | 15.8% | 25.6% | ||
| Q2 25 | 20.1% | 25.0% | ||
| Q1 25 | 15.9% | 23.0% | ||
| Q4 24 | 15.9% | 27.0% | ||
| Q3 24 | 18.0% | 25.5% | ||
| Q2 24 | 19.0% | 24.5% |
净利率MASMSI
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 19.2% | ||
| Q3 25 | 9.9% | 18.7% | ||
| Q2 25 | 13.2% | 18.6% | ||
| Q1 25 | 10.3% | 17.0% | ||
| Q4 24 | 10.0% | 20.3% | ||
| Q3 24 | 8.4% | 20.1% | ||
| Q2 24 | 12.3% | 16.9% |
每股收益（稀释后）MASMSI
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $3.85 | ||
| Q3 25 | $0.90 | $3.33 | ||
| Q2 25 | $1.28 | $3.04 | ||
| Q1 25 | $0.87 | $2.53 | ||
| Q4 24 | $0.85 | $3.57 | ||
| Q3 24 | $0.77 | $3.29 | ||
| Q2 24 | $1.17 | $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 | — | $1.2B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $2.4B |
| 总资产 | $5.2B | $19.4B |
| 负债/权益比越低杠杆越低 | 109.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MASMSI
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $1.2B | ||
| Q3 25 | $559.0M | $894.0M | ||
| Q2 25 | $390.0M | $3.2B | ||
| Q1 25 | $377.0M | $1.6B | ||
| Q4 24 | $634.0M | $2.1B | ||
| Q3 24 | $646.0M | $1.4B | ||
| Q2 24 | $398.0M | $1.4B |
总债务MASMSI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASMSI
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $2.4B | ||
| Q3 25 | $-78.0M | $2.3B | ||
| Q2 25 | $-84.0M | $2.0B | ||
| Q1 25 | $-254.0M | $1.6B | ||
| Q4 24 | $-279.0M | $1.7B | ||
| Q3 24 | $-88.0M | $1.3B | ||
| Q2 24 | $-26.0M | $802.0M |
总资产MASMSI
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $19.4B | ||
| Q3 25 | $5.3B | $18.8B | ||
| Q2 25 | $5.3B | $16.4B | ||
| Q1 25 | $5.1B | $14.4B | ||
| Q4 24 | $5.0B | $14.6B | ||
| Q3 24 | $5.3B | $13.9B | ||
| Q2 24 | $5.4B | $13.3B |
负债/权益比MASMSI
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | 1.8% | 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MASMSI
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $1.3B | ||
| Q3 25 | $456.0M | $798.0M | ||
| Q2 25 | $306.0M | $273.0M | ||
| Q1 25 | $-158.0M | $510.0M | ||
| Q4 24 | $407.0M | $1.1B | ||
| Q3 24 | $416.0M | $759.0M | ||
| Q2 24 | $346.0M | $180.0M |
自由现金流MASMSI
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $1.1B | ||
| Q3 25 | $415.0M | $732.0M | ||
| Q2 25 | $270.0M | $225.0M | ||
| Q1 25 | $-190.0M | $473.0M | ||
| Q4 24 | $351.0M | $984.0M | ||
| Q3 24 | $378.0M | $702.0M | ||
| Q2 24 | $303.0M | $112.0M |
自由现金流率MASMSI
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 33.8% | ||
| Q3 25 | 21.6% | 24.3% | ||
| Q2 25 | 13.2% | 8.1% | ||
| Q1 25 | -10.5% | 18.7% | ||
| Q4 24 | 19.2% | 32.7% | ||
| Q3 24 | 19.1% | 25.2% | ||
| Q2 24 | 14.5% | 4.3% |
资本支出强度MASMSI
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 2.1% | 2.2% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 3.1% | 2.9% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 2.1% | 2.6% |
现金转化率MASMSI
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 1.94× | ||
| Q3 25 | 2.41× | 1.42× | ||
| Q2 25 | 1.13× | 0.53× | ||
| Q1 25 | -0.85× | 1.19× | ||
| Q4 24 | 2.24× | 1.75× | ||
| Q3 24 | 2.49× | 1.35× | ||
| Q2 24 | 1.34× | 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
MAS
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% |
