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摩根士丹利（MS）与甲骨文（ORCL）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是甲骨文的1.1倍（$17.9B vs $16.1B），甲骨文净利率更高（38.2% vs 24.6%，领先13.6%）
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
MS vs ORCL — 直观对比
营收规模更大
MS
是对方的1.1倍
$16.1B
净利率更高
ORCL
高出13.6%
24.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.9B | $16.1B |
| 净利润 | $4.4B | $6.1B |
| 毛利率 | — | — |
| 营业利润率 | 32.2% | 29.5% |
| 净利率 | 24.6% | 38.2% |
| 营收同比 | — | 14.2% |
| 净利润同比 | — | 94.7% |
| 每股收益（稀释后） | $2.68 | $2.10 |
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MSORCL
| Q4 25 | $17.9B | $16.1B | ||
| Q3 25 | $18.2B | $14.9B | ||
| Q2 25 | $16.8B | $15.9B | ||
| Q1 25 | $17.7B | $14.1B | ||
| Q4 24 | — | $14.1B | ||
| Q3 24 | $15.4B | $13.3B | ||
| Q2 24 | $15.0B | $14.3B | ||
| Q1 24 | $15.1B | $13.3B |
净利润MSORCL
| Q4 25 | $4.4B | $6.1B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $3.5B | $3.4B | ||
| Q1 25 | $4.3B | $2.9B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.1B | $3.1B | ||
| Q1 24 | $3.4B | $2.4B |
营业利润率MSORCL
| Q4 25 | 32.2% | 29.5% | ||
| Q3 25 | 33.1% | 28.7% | ||
| Q2 25 | 27.5% | 32.1% | ||
| Q1 25 | 31.3% | 30.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 27.4% | 30.0% | ||
| Q2 24 | 27.1% | 32.8% | ||
| Q1 24 | 29.0% | 28.2% |
净利率MSORCL
| Q4 25 | 24.6% | 38.2% | ||
| Q3 25 | 25.3% | 19.6% | ||
| Q2 25 | 21.1% | 21.5% | ||
| Q1 25 | 24.3% | 20.8% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | 20.7% | 22.0% | ||
| Q2 24 | 20.5% | 22.0% | ||
| Q1 24 | 22.5% | 18.1% |
每股收益（稀释后）MSORCL
| Q4 25 | $2.68 | $2.10 | ||
| Q3 25 | $2.80 | $1.01 | ||
| Q2 25 | $2.13 | $1.19 | ||
| Q1 25 | $2.60 | $1.02 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | $1.88 | $1.03 | ||
| Q2 24 | $1.82 | $1.11 | ||
| Q1 24 | $2.02 | $0.85 |
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 | $111.7B | $19.2B |
| 总债务越低越好 | $341.7B | — |
| 股东权益账面价值 | $111.6B | $30.0B |
| 总资产 | $1420.3B | $205.0B |
| 负债/权益比越低杠杆越低 | 3.06× | — |
8季度趋势，按日历期对齐
现金及短期投资MSORCL
| Q4 25 | $111.7B | $19.2B | ||
| Q3 25 | $103.7B | $10.4B | ||
| Q2 25 | $109.1B | $10.8B | ||
| Q1 25 | $90.7B | $17.4B | ||
| Q4 24 | — | $10.9B | ||
| Q3 24 | $91.1B | $10.6B | ||
| Q2 24 | $90.2B | $10.5B | ||
| Q1 24 | $102.3B | $9.5B |
总债务MSORCL
| Q4 25 | $341.7B | — | ||
| Q3 25 | $324.1B | — | ||
| Q2 25 | $320.1B | — | ||
| Q1 25 | $297.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $291.2B | — | ||
| Q2 24 | $269.9B | — | ||
| Q1 24 | $266.1B | — |
股东权益MSORCL
| Q4 25 | $111.6B | $30.0B | ||
| Q3 25 | $110.0B | $24.2B | ||
| Q2 25 | $108.2B | $20.5B | ||
| Q1 25 | $106.8B | $16.7B | ||
| Q4 24 | — | $13.7B | ||
| Q3 24 | $103.6B | $10.8B | ||
| Q2 24 | $100.7B | $8.7B | ||
| Q1 24 | $99.2B | $5.6B |
总资产MSORCL
| Q4 25 | $1420.3B | $205.0B | ||
| Q3 25 | $1364.8B | $180.4B | ||
| Q2 25 | $1353.9B | $168.4B | ||
| Q1 25 | $1300.3B | $161.4B | ||
| Q4 24 | — | $148.5B | ||
| Q3 24 | $1258.0B | $144.2B | ||
| Q2 24 | $1212.4B | $141.0B | ||
| Q1 24 | $1228.5B | $137.1B |
负债/权益比MSORCL
| Q4 25 | 3.06× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.96× | — | ||
| Q1 25 | 2.78× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.81× | — | ||
| Q2 24 | 2.68× | — | ||
| Q1 24 | 2.68× | — |
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 | $-2.4B | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-10.0B |
| 自由现金流率自由现金流/营收 | — | -62.1% |
| 资本支出强度资本支出/营收 | — | 74.9% |
| 现金转化率经营现金流/净利润 | -0.55× | 0.34× |
| 过去12个月自由现金流最近4个季度 | — | $-13.2B |
8季度趋势，按日历期对齐
经营现金流MSORCL
| Q4 25 | $-2.4B | $2.1B | ||
| Q3 25 | $-3.3B | $8.1B | ||
| Q2 25 | $11.8B | $6.2B | ||
| Q1 25 | $-24.0B | $5.9B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | $4.4B | $5.5B |
自由现金流MSORCL
| Q4 25 | — | $-10.0B | ||
| Q3 25 | — | $-362.0M | ||
| Q2 25 | — | $-2.9B | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.8B |
自由现金流率MSORCL
| Q4 25 | — | -62.1% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -18.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | — | 38.5% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 28.6% |
资本支出强度MSORCL
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 57.0% | ||
| Q2 25 | — | 57.1% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | — | 28.2% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 19.6% | ||
| Q1 24 | — | 12.6% |
现金转化率MSORCL
| Q4 25 | -0.55× | 0.34× | ||
| Q3 25 | -0.72× | 2.78× | ||
| Q2 25 | 3.34× | 1.80× | ||
| Q1 25 | -5.56× | 2.02× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | 1.28× | 2.28× |
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
MS
暂无分部数据
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
