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摩托罗拉解决方案（MSI）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是摩托罗拉解决方案的1.2倍（$4.2B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 13.5%，领先5.7%），摩托罗拉解决方案同比增速更快（12.3% vs 3.5%），摩托罗拉解决方案自由现金流更多（$1.1B vs $-56.0M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 7.1%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
MSI vs RJF — 直观对比
营收规模更大
RJF
是对方的1.2倍
$3.4B
营收增速更快
MSI
高出8.8%
3.5%
净利率更高
MSI
高出5.7%
13.5%
自由现金流更多
MSI
多$1.2B
$-56.0M
两年增速更快
MSI
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $4.2B |
| 净利润 | $649.0M | $563.0M |
| 毛利率 | 52.3% | — |
| 营业利润率 | 27.9% | — |
| 净利率 | 19.2% | 13.5% |
| 营收同比 | 12.3% | 3.5% |
| 净利润同比 | 6.2% | -6.2% |
| 每股收益（稀释后） | $3.85 | $2.79 |
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MSIRJF
| Q4 25 | $3.4B | $4.2B | ||
| Q3 25 | $3.0B | $4.2B | ||
| Q2 25 | $2.8B | $3.8B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.6B | $3.8B | ||
| Q1 24 | $2.4B | $3.6B |
净利润MSIRJF
| Q4 25 | $649.0M | $563.0M | ||
| Q3 25 | $562.0M | $604.0M | ||
| Q2 25 | $513.0M | $436.0M | ||
| Q1 25 | $430.0M | $495.0M | ||
| Q4 24 | $611.0M | $600.0M | ||
| Q3 24 | $562.0M | $602.0M | ||
| Q2 24 | $443.0M | $492.0M | ||
| Q1 24 | $-39.0M | $476.0M |
毛利率MSIRJF
| 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% | — | ||
| Q1 24 | 49.9% | — |
营业利润率MSIRJF
| Q4 25 | 27.9% | — | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 25.0% | 14.7% | ||
| Q1 25 | 23.0% | 17.5% | ||
| Q4 24 | 27.0% | 18.6% | ||
| Q3 24 | 25.5% | — | ||
| Q2 24 | 24.5% | 17.1% | ||
| Q1 24 | 21.7% | 16.7% |
净利率MSIRJF
| Q4 25 | 19.2% | 13.5% | ||
| Q3 25 | 18.7% | 14.4% | ||
| Q2 25 | 18.6% | 11.3% | ||
| Q1 25 | 17.0% | 12.9% | ||
| Q4 24 | 20.3% | 14.9% | ||
| Q3 24 | 20.1% | 15.0% | ||
| Q2 24 | 16.9% | 13.1% | ||
| Q1 24 | -1.6% | 13.1% |
每股收益（稀释后）MSIRJF
| Q4 25 | $3.85 | $2.79 | ||
| Q3 25 | $3.33 | $2.96 | ||
| Q2 25 | $3.04 | $2.12 | ||
| Q1 25 | $2.53 | $2.36 | ||
| Q4 24 | $3.57 | $2.86 | ||
| Q3 24 | $3.29 | $2.85 | ||
| Q2 24 | $2.60 | $2.31 | ||
| Q1 24 | $-0.23 | $2.22 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $12.6B |
| 总资产 | $19.4B | $88.8B |
| 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MSIRJF
| Q4 25 | $1.2B | $9.9B | ||
| Q3 25 | $894.0M | $11.4B | ||
| Q2 25 | $3.2B | $9.2B | ||
| Q1 25 | $1.6B | $9.7B | ||
| Q4 24 | $2.1B | $10.0B | ||
| Q3 24 | $1.4B | $11.0B | ||
| Q2 24 | $1.4B | $9.1B | ||
| Q1 24 | $1.5B | $10.0B |
股东权益MSIRJF
| Q4 25 | $2.4B | $12.6B | ||
| Q3 25 | $2.3B | $12.5B | ||
| Q2 25 | $2.0B | $12.3B | ||
| Q1 25 | $1.6B | $12.2B | ||
| Q4 24 | $1.7B | $11.9B | ||
| Q3 24 | $1.3B | $11.7B | ||
| Q2 24 | $802.0M | $11.2B | ||
| Q1 24 | $521.0M | $11.0B |
总资产MSIRJF
| Q4 25 | $19.4B | $88.8B | ||
| Q3 25 | $18.8B | $88.2B | ||
| Q2 25 | $16.4B | $84.8B | ||
| Q1 25 | $14.4B | $83.1B | ||
| Q4 24 | $14.6B | $82.3B | ||
| Q3 24 | $13.9B | $83.0B | ||
| Q2 24 | $13.3B | $80.6B | ||
| Q1 24 | $13.3B | $81.2B |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-56.0M |
| 自由现金流率自由现金流/营收 | 33.8% | -1.3% |
| 资本支出强度资本支出/营收 | 3.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.94× | -0.02× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.4B |
8季度趋势，按日历期对齐
经营现金流MSIRJF
| Q4 25 | $1.3B | $-10.0M | ||
| Q3 25 | $798.0M | $796.0M | ||
| Q2 25 | $273.0M | $691.0M | ||
| Q1 25 | $510.0M | $117.0M | ||
| Q4 24 | $1.1B | $830.0M | ||
| Q3 24 | $759.0M | $510.0M | ||
| Q2 24 | $180.0M | $711.0M | ||
| Q1 24 | $382.0M | $391.0M |
自由现金流MSIRJF
| Q4 25 | $1.1B | $-56.0M | ||
| Q3 25 | $732.0M | $752.0M | ||
| Q2 25 | $225.0M | $634.0M | ||
| Q1 25 | $473.0M | $71.0M | ||
| Q4 24 | $984.0M | $789.0M | ||
| Q3 24 | $702.0M | $460.0M | ||
| Q2 24 | $112.0M | $655.0M | ||
| Q1 24 | $336.0M | $342.0M |
自由现金流率MSIRJF
| Q4 25 | 33.8% | -1.3% | ||
| Q3 25 | 24.3% | 17.9% | ||
| Q2 25 | 8.1% | 16.5% | ||
| Q1 25 | 18.7% | 1.8% | ||
| Q4 24 | 32.7% | 19.6% | ||
| Q3 24 | 25.2% | 11.5% | ||
| Q2 24 | 4.3% | 17.4% | ||
| Q1 24 | 14.1% | 9.4% |
资本支出强度MSIRJF
| Q4 25 | 3.4% | 1.1% | ||
| Q3 25 | 2.2% | 1.1% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 2.9% | 1.0% | ||
| Q3 24 | 2.0% | 1.2% | ||
| Q2 24 | 2.6% | 1.5% | ||
| Q1 24 | 1.9% | 1.3% |
现金转化率MSIRJF
| Q4 25 | 1.94× | -0.02× | ||
| Q3 25 | 1.42× | 1.32× | ||
| Q2 25 | 0.53× | 1.58× | ||
| Q1 25 | 1.19× | 0.24× | ||
| Q4 24 | 1.75× | 1.38× | ||
| Q3 24 | 1.35× | 0.85× | ||
| Q2 24 | 0.41× | 1.45× | ||
| Q1 24 | — | 0.82× |
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% |
RJF
暂无分部数据
