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摩托罗拉解决方案（MSI）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.1倍（$3.4B vs $3.0B），RENAISSANCERE HOLDINGS LTD净利率更高（25.6% vs 19.2%，领先6.4%），RENAISSANCERE HOLDINGS LTD同比增速更快（29.6% vs 12.3%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 6.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
MSI vs RNR — 直观对比
营收规模更大
MSI
是对方的1.1倍
$3.0B
营收增速更快
RNR
高出17.3%
12.3%
净利率更高
RNR
高出6.4%
19.2%
两年增速更快
MSI
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.0B |
| 净利润 | $649.0M | $760.5M |
| 毛利率 | 52.3% | — |
| 营业利润率 | 27.9% | 42.5% |
| 净利率 | 19.2% | 25.6% |
| 营收同比 | 12.3% | 29.6% |
| 净利润同比 | 6.2% | 501.0% |
| 每股收益（稀释后） | $3.85 | $16.16 |
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MSIRNR
| Q4 25 | $3.4B | $3.0B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.8B | $3.2B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.6B | $2.8B | ||
| Q1 24 | $2.4B | $2.6B |
净利润MSIRNR
| Q4 25 | $649.0M | $760.5M | ||
| Q3 25 | $562.0M | $916.5M | ||
| Q2 25 | $513.0M | $835.4M | ||
| Q1 25 | $430.0M | $170.0M | ||
| Q4 24 | $611.0M | $-189.7M | ||
| Q3 24 | $562.0M | $1.2B | ||
| Q2 24 | $443.0M | $503.9M | ||
| Q1 24 | $-39.0M | $373.6M |
毛利率MSIRNR
| 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MSIRNR
| Q4 25 | 27.9% | 42.5% | ||
| Q3 25 | 25.6% | 46.3% | ||
| Q2 25 | 25.0% | 41.8% | ||
| Q1 25 | 23.0% | -2.0% | ||
| Q4 24 | 27.0% | -3.6% | ||
| Q3 24 | 25.5% | 43.7% | ||
| Q2 24 | 24.5% | 25.0% | ||
| Q1 24 | 21.7% | 24.4% |
净利率MSIRNR
| Q4 25 | 19.2% | 25.6% | ||
| Q3 25 | 18.7% | 28.7% | ||
| Q2 25 | 18.6% | 26.1% | ||
| Q1 25 | 17.0% | 4.9% | ||
| Q4 24 | 20.3% | -8.3% | ||
| Q3 24 | 20.1% | 29.8% | ||
| Q2 24 | 16.9% | 17.8% | ||
| Q1 24 | -1.6% | 14.4% |
每股收益（稀释后）MSIRNR
| Q4 25 | $3.85 | $16.16 | ||
| Q3 25 | $3.33 | $19.40 | ||
| Q2 25 | $3.04 | $17.20 | ||
| Q1 25 | $2.53 | $3.27 | ||
| Q4 24 | $3.57 | $-3.76 | ||
| Q3 24 | $3.29 | $22.62 | ||
| Q2 24 | $2.60 | $9.41 | ||
| Q1 24 | $-0.23 | $6.94 |
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 | $1.7B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.4B | $11.6B |
| 总资产 | $19.4B | $53.8B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资MSIRNR
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $894.0M | $1.7B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.5B | $1.6B |
总债务MSIRNR
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.9B |
股东权益MSIRNR
| Q4 25 | $2.4B | $11.6B | ||
| Q3 25 | $2.3B | $11.5B | ||
| Q2 25 | $2.0B | $10.8B | ||
| Q1 25 | $1.6B | $10.3B | ||
| Q4 24 | $1.7B | $10.6B | ||
| Q3 24 | $1.3B | $11.2B | ||
| Q2 24 | $802.0M | $10.2B | ||
| Q1 24 | $521.0M | $9.8B |
总资产MSIRNR
| Q4 25 | $19.4B | $53.8B | ||
| Q3 25 | $18.8B | $54.5B | ||
| Q2 25 | $16.4B | $54.7B | ||
| Q1 25 | $14.4B | $53.6B | ||
| Q4 24 | $14.6B | $50.7B | ||
| Q3 24 | $13.9B | $52.8B | ||
| Q2 24 | $13.3B | $51.6B | ||
| Q1 24 | $13.3B | $50.9B |
负债/权益比MSIRNR
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
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 | $483.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | — |
| 自由现金流率自由现金流/营收 | 33.8% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.94× | 0.64× |
| 过去12个月自由现金流最近4个季度 | $2.6B | — |
8季度趋势，按日历期对齐
经营现金流MSIRNR
| Q4 25 | $1.3B | $483.0M | ||
| Q3 25 | $798.0M | $1.6B | ||
| Q2 25 | $273.0M | $1.5B | ||
| Q1 25 | $510.0M | $157.8M | ||
| Q4 24 | $1.1B | $778.9M | ||
| Q3 24 | $759.0M | $1.5B | ||
| Q2 24 | $180.0M | $1.2B | ||
| Q1 24 | $382.0M | $683.5M |
自由现金流MSIRNR
| Q4 25 | $1.1B | — | ||
| Q3 25 | $732.0M | — | ||
| Q2 25 | $225.0M | — | ||
| Q1 25 | $473.0M | — | ||
| Q4 24 | $984.0M | — | ||
| Q3 24 | $702.0M | — | ||
| Q2 24 | $112.0M | — | ||
| Q1 24 | $336.0M | — |
自由现金流率MSIRNR
| Q4 25 | 33.8% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 14.1% | — |
资本支出强度MSIRNR
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.9% | — |
现金转化率MSIRNR
| Q4 25 | 1.94× | 0.64× | ||
| Q3 25 | 1.42× | 1.73× | ||
| Q2 25 | 0.53× | 1.76× | ||
| Q1 25 | 1.19× | 0.93× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.35× | 1.26× | ||
| Q2 24 | 0.41× | 2.41× | ||
| Q1 24 | — | 1.83× |
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% |
RNR
暂无分部数据
