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摩托罗拉解决方案（MSI）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.1倍（$3.4B vs $3.1B），摩托罗拉解决方案净利率更高（19.2% vs 3.0%，领先16.2%），摩托罗拉解决方案同比增速更快（12.3% vs 1.0%），摩托罗拉解决方案自由现金流更多（$1.1B vs $273.0M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
MSI vs R — 直观对比
营收规模更大
MSI
是对方的1.1倍
$3.1B
营收增速更快
MSI
高出11.3%
1.0%
净利率更高
MSI
高出16.2%
3.0%
自由现金流更多
MSI
多$869.0M
$273.0M
两年增速更快
MSI
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.1B |
| 净利润 | $649.0M | $93.0M |
| 毛利率 | 52.3% | — |
| 营业利润率 | 27.9% | — |
| 净利率 | 19.2% | 3.0% |
| 营收同比 | 12.3% | 1.0% |
| 净利润同比 | 6.2% | -5.1% |
| 每股收益（稀释后） | $3.85 | $2.34 |
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MSIR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.4B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.8B | $3.2B | ||
| Q1 25 | $2.5B | $3.1B | ||
| Q4 24 | $3.0B | $3.2B | ||
| Q3 24 | $2.8B | $3.2B | ||
| Q2 24 | $2.6B | $3.2B |
净利润MSIR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $649.0M | $132.0M | ||
| Q3 25 | $562.0M | $138.0M | ||
| Q2 25 | $513.0M | $131.0M | ||
| Q1 25 | $430.0M | $98.0M | ||
| Q4 24 | $611.0M | $135.0M | ||
| Q3 24 | $562.0M | $142.0M | ||
| Q2 24 | $443.0M | $127.0M |
毛利率MSIR
| 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MSIR
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 5.6% | ||
| Q3 25 | 25.6% | 6.0% | ||
| Q2 25 | 25.0% | 5.8% | ||
| Q1 25 | 23.0% | 4.3% | ||
| Q4 24 | 27.0% | 5.7% | ||
| Q3 24 | 25.5% | 5.9% | ||
| Q2 24 | 24.5% | 5.6% |
净利率MSIR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 19.2% | 4.2% | ||
| Q3 25 | 18.7% | 4.4% | ||
| Q2 25 | 18.6% | 4.1% | ||
| Q1 25 | 17.0% | 3.1% | ||
| Q4 24 | 20.3% | 4.2% | ||
| Q3 24 | 20.1% | 4.5% | ||
| Q2 24 | 16.9% | 4.0% |
每股收益（稀释后）MSIR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $3.85 | $3.22 | ||
| Q3 25 | $3.33 | $3.32 | ||
| Q2 25 | $3.04 | $3.13 | ||
| Q1 25 | $2.53 | $2.27 | ||
| Q4 24 | $3.57 | $3.09 | ||
| Q3 24 | $3.29 | $3.24 | ||
| Q2 24 | $2.60 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $2.9B |
| 总资产 | $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MSIR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.2B | $198.0M | ||
| Q3 25 | $894.0M | $189.0M | ||
| Q2 25 | $3.2B | $180.0M | ||
| Q1 25 | $1.6B | $151.0M | ||
| Q4 24 | $2.1B | $154.0M | ||
| Q3 24 | $1.4B | $162.0M | ||
| Q2 24 | $1.4B | $164.0M |
总债务MSIR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益MSIR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.3B | $3.1B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $802.0M | $3.1B |
总资产MSIR
| Q1 26 | — | — | ||
| Q4 25 | $19.4B | $16.4B | ||
| Q3 25 | $18.8B | $16.5B | ||
| Q2 25 | $16.4B | $16.5B | ||
| Q1 25 | $14.4B | $16.4B | ||
| Q4 24 | $14.6B | $16.7B | ||
| Q3 24 | $13.9B | $16.5B | ||
| Q2 24 | $13.3B | $16.4B |
负债/权益比MSIR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $1.3B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $273.0M |
| 自由现金流率自由现金流/营收 | 33.8% | 8.7% |
| 资本支出强度资本支出/营收 | 3.4% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.94× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $595.0M |
8季度趋势，按日历期对齐
经营现金流MSIR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.3B | $749.0M | ||
| Q3 25 | $798.0M | $442.0M | ||
| Q2 25 | $273.0M | $752.0M | ||
| Q1 25 | $510.0M | $651.0M | ||
| Q4 24 | $1.1B | $558.0M | ||
| Q3 24 | $759.0M | $629.0M | ||
| Q2 24 | $180.0M | $552.0M |
自由现金流MSIR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.1B | $344.0M | ||
| Q3 25 | $732.0M | $-85.0M | ||
| Q2 25 | $225.0M | $63.0M | ||
| Q1 25 | $473.0M | $137.0M | ||
| Q4 24 | $984.0M | $-201.0M | ||
| Q3 24 | $702.0M | $30.0M | ||
| Q2 24 | $112.0M | $-87.0M |
自由现金流率MSIR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 33.8% | 10.8% | ||
| Q3 25 | 24.3% | -2.7% | ||
| Q2 25 | 8.1% | 2.0% | ||
| Q1 25 | 18.7% | 4.4% | ||
| Q4 24 | 32.7% | -6.3% | ||
| Q3 24 | 25.2% | 0.9% | ||
| Q2 24 | 4.3% | -2.7% |
资本支出强度MSIR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.4% | 12.8% | ||
| Q3 25 | 2.2% | 16.6% | ||
| Q2 25 | 1.7% | 21.6% | ||
| Q1 25 | 1.5% | 16.4% | ||
| Q4 24 | 2.9% | 23.8% | ||
| Q3 24 | 2.0% | 18.9% | ||
| Q2 24 | 2.6% | 20.1% |
现金转化率MSIR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.94× | 5.67× | ||
| Q3 25 | 1.42× | 3.20× | ||
| Q2 25 | 0.53× | 5.74× | ||
| Q1 25 | 1.19× | 6.64× | ||
| Q4 24 | 1.75× | 4.13× | ||
| Q3 24 | 1.35× | 4.43× | ||
| Q2 24 | 0.41× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
