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摩托罗拉解决方案（MSI）与恩智浦（NXPI）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恩智浦的1.0倍（$3.4B vs $3.3B），摩托罗拉解决方案净利率更高（19.2% vs 13.6%，领先5.6%），摩托罗拉解决方案同比增速更快（12.3% vs 7.2%），摩托罗拉解决方案自由现金流更多（$1.1B vs $793.0M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 3.3%）
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。
恩智浦是总部位于荷兰埃因霍温的半导体设计与制造企业，为2024年市值排名欧洲第三的半导体公司。目前集团在全球30多个国家拥有约3.4万名员工，2024年总营收达126.1亿美元。
MSI vs NXPI — 直观对比
营收规模更大
MSI
是对方的1.0倍
$3.3B
营收增速更快
MSI
高出5.1%
7.2%
净利率更高
MSI
高出5.6%
13.6%
自由现金流更多
MSI
多$349.0M
$793.0M
两年增速更快
MSI
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.3B |
| 净利润 | $649.0M | $455.0M |
| 毛利率 | 52.3% | 54.2% |
| 营业利润率 | 27.9% | 22.3% |
| 净利率 | 19.2% | 13.6% |
| 营收同比 | 12.3% | 7.2% |
| 净利润同比 | 6.2% | -8.1% |
| 每股收益（稀释后） | $3.85 | $1.80 |
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MSINXPI
| Q4 25 | $3.4B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.8B | $2.9B | ||
| Q1 25 | $2.5B | $2.8B | ||
| Q4 24 | $3.0B | $3.1B | ||
| Q3 24 | $2.8B | $3.3B | ||
| Q2 24 | $2.6B | $3.1B | ||
| Q1 24 | $2.4B | $3.1B |
净利润MSINXPI
| Q4 25 | $649.0M | $455.0M | ||
| Q3 25 | $562.0M | $631.0M | ||
| Q2 25 | $513.0M | $445.0M | ||
| Q1 25 | $430.0M | $490.0M | ||
| Q4 24 | $611.0M | $495.0M | ||
| Q3 24 | $562.0M | $718.0M | ||
| Q2 24 | $443.0M | $658.0M | ||
| Q1 24 | $-39.0M | $639.0M |
毛利率MSINXPI
| Q4 25 | 52.3% | 54.2% | ||
| Q3 25 | 51.6% | 56.3% | ||
| Q2 25 | 51.1% | 53.4% | ||
| Q1 25 | 51.4% | 55.0% | ||
| Q4 24 | 51.4% | 53.9% | ||
| Q3 24 | 51.4% | 57.4% | ||
| Q2 24 | 51.0% | 57.3% | ||
| Q1 24 | 49.9% | 57.0% |
营业利润率MSINXPI
| Q4 25 | 27.9% | 22.3% | ||
| Q3 25 | 25.6% | 28.1% | ||
| Q2 25 | 25.0% | 23.5% | ||
| Q1 25 | 23.0% | 25.5% | ||
| Q4 24 | 27.0% | 21.7% | ||
| Q3 24 | 25.5% | 30.5% | ||
| Q2 24 | 24.5% | 28.7% | ||
| Q1 24 | 21.7% | 27.4% |
净利率MSINXPI
| Q4 25 | 19.2% | 13.6% | ||
| Q3 25 | 18.7% | 19.9% | ||
| Q2 25 | 18.6% | 15.2% | ||
| Q1 25 | 17.0% | 17.3% | ||
| Q4 24 | 20.3% | 15.9% | ||
| Q3 24 | 20.1% | 22.1% | ||
| Q2 24 | 16.9% | 21.0% | ||
| Q1 24 | -1.6% | 20.4% |
每股收益（稀释后）MSINXPI
| Q4 25 | $3.85 | $1.80 | ||
| Q3 25 | $3.33 | $2.48 | ||
| Q2 25 | $3.04 | $1.75 | ||
| Q1 25 | $2.53 | $1.92 | ||
| Q4 24 | $3.57 | $1.93 | ||
| Q3 24 | $3.29 | $2.79 | ||
| Q2 24 | $2.60 | $2.54 | ||
| Q1 24 | $-0.23 | $2.47 |
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 | $3.3B |
| 总债务越低越好 | — | $11.0B |
| 股东权益账面价值 | $2.4B | $10.1B |
| 总资产 | $19.4B | $26.6B |
| 负债/权益比越低杠杆越低 | — | 1.09× |
8季度趋势，按日历期对齐
现金及短期投资MSINXPI
| Q4 25 | $1.2B | $3.3B | ||
| Q3 25 | $894.0M | $3.5B | ||
| Q2 25 | $3.2B | $3.2B | ||
| Q1 25 | $1.6B | $4.0B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.5B | $2.9B |
总债务MSINXPI
| Q4 25 | — | $11.0B | ||
| Q3 25 | — | $11.0B | ||
| Q2 25 | — | $9.5B | ||
| Q1 25 | — | $10.2B | ||
| Q4 24 | — | $10.4B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | — | $10.2B |
股东权益MSINXPI
| Q4 25 | $2.4B | $10.1B | ||
| Q3 25 | $2.3B | $10.0B | ||
| Q2 25 | $2.0B | $9.6B | ||
| Q1 25 | $1.6B | $9.3B | ||
| Q4 24 | $1.7B | $9.2B | ||
| Q3 24 | $1.3B | $9.4B | ||
| Q2 24 | $802.0M | $9.0B | ||
| Q1 24 | $521.0M | $8.8B |
总资产MSINXPI
| Q4 25 | $19.4B | $26.6B | ||
| Q3 25 | $18.8B | $26.4B | ||
| Q2 25 | $16.4B | $25.3B | ||
| Q1 25 | $14.4B | $25.2B | ||
| Q4 24 | $14.6B | $24.4B | ||
| Q3 24 | $13.9B | $23.7B | ||
| Q2 24 | $13.3B | $23.2B | ||
| Q1 24 | $13.3B | $23.3B |
负债/权益比MSINXPI
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 0.99× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | — | 1.15× |
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 | $891.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $793.0M |
| 自由现金流率自由现金流/营收 | 33.8% | 23.8% |
| 资本支出强度资本支出/营收 | 3.4% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.94× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $2.4B |
8季度趋势，按日历期对齐
经营现金流MSINXPI
| Q4 25 | $1.3B | $891.0M | ||
| Q3 25 | $798.0M | $585.0M | ||
| Q2 25 | $273.0M | $779.0M | ||
| Q1 25 | $510.0M | $565.0M | ||
| Q4 24 | $1.1B | $391.0M | ||
| Q3 24 | $759.0M | $779.0M | ||
| Q2 24 | $180.0M | $761.0M | ||
| Q1 24 | $382.0M | $851.0M |
自由现金流MSINXPI
| Q4 25 | $1.1B | $793.0M | ||
| Q3 25 | $732.0M | $508.0M | ||
| Q2 25 | $225.0M | $696.0M | ||
| Q1 25 | $473.0M | $426.0M | ||
| Q4 24 | $984.0M | $261.0M | ||
| Q3 24 | $702.0M | $593.0M | ||
| Q2 24 | $112.0M | $576.0M | ||
| Q1 24 | $336.0M | $625.0M |
自由现金流率MSINXPI
| Q4 25 | 33.8% | 23.8% | ||
| Q3 25 | 24.3% | 16.0% | ||
| Q2 25 | 8.1% | 23.8% | ||
| Q1 25 | 18.7% | 15.0% | ||
| Q4 24 | 32.7% | 8.4% | ||
| Q3 24 | 25.2% | 18.2% | ||
| Q2 24 | 4.3% | 18.4% | ||
| Q1 24 | 14.1% | 20.0% |
资本支出强度MSINXPI
| Q4 25 | 3.4% | 2.9% | ||
| Q3 25 | 2.2% | 2.4% | ||
| Q2 25 | 1.7% | 2.8% | ||
| Q1 25 | 1.5% | 4.9% | ||
| Q4 24 | 2.9% | 4.2% | ||
| Q3 24 | 2.0% | 5.7% | ||
| Q2 24 | 2.6% | 5.9% | ||
| Q1 24 | 1.9% | 7.2% |
现金转化率MSINXPI
| Q4 25 | 1.94× | 1.96× | ||
| Q3 25 | 1.42× | 0.93× | ||
| Q2 25 | 0.53× | 1.75× | ||
| Q1 25 | 1.19× | 1.15× | ||
| Q4 24 | 1.75× | 0.79× | ||
| Q3 24 | 1.35× | 1.08× | ||
| Q2 24 | 0.41× | 1.16× | ||
| Q1 24 | — | 1.33× |
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
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% |
NXPI
| Distributors | $2.0B | 61% |
| Other | $1.3B | 38% |
