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摩托罗拉解决方案（MSI）与瑞思迈（RMD）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瑞思迈的1.9倍（$2.7B vs $1.4B），瑞思迈净利率更高（27.6% vs 13.5%，领先14.1%），瑞思迈同比增速更快（11.0% vs 7.4%），过去两年瑞思迈的营收复合增速更高（7.8% vs 1.6%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
MSI vs RMD — 直观对比
营收规模更大
MSI
是对方的1.9倍
$1.4B
营收增速更快
RMD
高出3.6%
7.4%
净利率更高
RMD
高出14.1%
13.5%
两年增速更快
RMD
近两年复合增速
1.6%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $366.0M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 19.3% | 34.6% |
| 净利率 | 13.5% | 27.6% |
| 营收同比 | 7.4% | 11.0% |
| 净利润同比 | -14.9% | 13.9% |
| 每股收益（稀释后） | $2.18 | $2.68 |
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MSIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $2.7B | $1.4B | ||
| Q4 25 | $3.4B | $1.4B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $2.8B | $1.2B |
净利润MSIRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $366.0M | $398.7M | ||
| Q4 25 | $649.0M | $392.6M | ||
| Q3 25 | $562.0M | $348.5M | ||
| Q2 25 | $513.0M | $379.7M | ||
| Q1 25 | $430.0M | $365.0M | ||
| Q4 24 | $611.0M | $344.6M | ||
| Q3 24 | $562.0M | $311.4M |
毛利率MSIRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | 52.3% | 61.8% | ||
| Q3 25 | 51.6% | 61.5% | ||
| Q2 25 | 51.1% | 60.8% | ||
| Q1 25 | 51.4% | 59.3% | ||
| Q4 24 | 51.4% | 58.6% | ||
| Q3 24 | 51.4% | 58.6% |
营业利润率MSIRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 19.3% | 34.9% | ||
| Q4 25 | 27.9% | 34.6% | ||
| Q3 25 | 25.6% | 33.4% | ||
| Q2 25 | 25.0% | 33.7% | ||
| Q1 25 | 23.0% | 33.0% | ||
| Q4 24 | 27.0% | 32.5% | ||
| Q3 24 | 25.5% | 31.6% |
净利率MSIRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 13.5% | 27.9% | ||
| Q4 25 | 19.2% | 27.6% | ||
| Q3 25 | 18.7% | 26.1% | ||
| Q2 25 | 18.6% | 28.2% | ||
| Q1 25 | 17.0% | 28.3% | ||
| Q4 24 | 20.3% | 26.9% | ||
| Q3 24 | 20.1% | 25.4% |
每股收益（稀释后）MSIRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $2.18 | $2.74 | ||
| Q4 25 | $3.85 | $2.68 | ||
| Q3 25 | $3.33 | $2.37 | ||
| Q2 25 | $3.04 | $2.58 | ||
| Q1 25 | $2.53 | $2.48 | ||
| Q4 24 | $3.57 | $2.34 | ||
| Q3 24 | $3.29 | $2.11 |
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 | $886.0M | $1.4B |
| 总债务越低越好 | $9.0B | $663.8M |
| 股东权益账面价值 | — | $6.3B |
| 总资产 | $19.1B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资MSIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $886.0M | $1.7B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $894.0M | $1.4B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $1.6B | $932.7M | ||
| Q4 24 | $2.1B | $521.9M | ||
| Q3 24 | $1.4B | $426.4M |
总债务MSIRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | $9.0B | $664.1M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M |
股东权益MSIRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.4B | $6.3B | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.0B | $6.0B | ||
| Q1 25 | $1.6B | $5.5B | ||
| Q4 24 | $1.7B | $5.3B | ||
| Q3 24 | $1.3B | $5.2B |
总资产MSIRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $19.1B | $8.8B | ||
| Q4 25 | $19.4B | $8.5B | ||
| Q3 25 | $18.8B | $8.3B | ||
| Q2 25 | $16.4B | $8.2B | ||
| Q1 25 | $14.4B | $7.6B | ||
| Q4 24 | $14.6B | $7.1B | ||
| Q3 24 | $13.9B | $7.2B |
负债/权益比MSIRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | $451.0M | — |
| 自由现金流经营现金流 - 资本支出 | $389.0M | — |
| 自由现金流率自由现金流/营收 | 14.3% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 1.23× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流MSIRMD
| Q2 26 | — | — | ||
| Q1 26 | $451.0M | — | ||
| Q4 25 | $1.3B | $339.7M | ||
| Q3 25 | $798.0M | $457.3M | ||
| Q2 25 | $273.0M | $538.8M | ||
| Q1 25 | $510.0M | $578.7M | ||
| Q4 24 | $1.1B | $308.6M | ||
| Q3 24 | $759.0M | $325.5M |
自由现金流MSIRMD
| Q2 26 | — | — | ||
| Q1 26 | $389.0M | — | ||
| Q4 25 | $1.1B | $311.2M | ||
| Q3 25 | $732.0M | $414.4M | ||
| Q2 25 | $225.0M | $508.2M | ||
| Q1 25 | $473.0M | $557.9M | ||
| Q4 24 | $984.0M | $288.0M | ||
| Q3 24 | $702.0M | $307.7M |
自由现金流率MSIRMD
| Q2 26 | — | — | ||
| Q1 26 | 14.3% | — | ||
| Q4 25 | 33.8% | 21.9% | ||
| Q3 25 | 24.3% | 31.0% | ||
| Q2 25 | 8.1% | 37.7% | ||
| Q1 25 | 18.7% | 43.2% | ||
| Q4 24 | 32.7% | 22.5% | ||
| Q3 24 | 25.2% | 25.1% |
资本支出强度MSIRMD
| Q2 26 | — | — | ||
| Q1 26 | 2.3% | — | ||
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 2.2% | 3.2% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 1.5% | 1.6% | ||
| Q4 24 | 2.9% | 1.6% | ||
| Q3 24 | 2.0% | 1.5% |
现金转化率MSIRMD
| Q2 26 | — | — | ||
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.94× | 0.87× | ||
| Q3 25 | 1.42× | 1.31× | ||
| Q2 25 | 0.53× | 1.42× | ||
| Q1 25 | 1.19× | 1.59× | ||
| Q4 24 | 1.75× | 0.90× | ||
| Q3 24 | 1.35× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
