vs
摩托罗拉解决方案（MSI）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.8倍（$3.4B vs $1.9B），摩托罗拉解决方案净利率更高（19.2% vs 8.4%，领先10.8%），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 $296.4M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
MSI vs RPM — 直观对比
营收规模更大
MSI
是对方的1.8倍
$1.9B
营收增速更快
MSI
高出8.8%
3.5%
净利率更高
MSI
高出10.8%
8.4%
自由现金流更多
MSI
多$845.6M
$296.4M
两年增速更快
MSI
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.9B |
| 净利润 | $649.0M | $161.2M |
| 毛利率 | 52.3% | 40.8% |
| 营业利润率 | 27.9% | 11.0% |
| 净利率 | 19.2% | 8.4% |
| 营收同比 | 12.3% | 3.5% |
| 净利润同比 | 6.2% | -12.0% |
| 每股收益（稀释后） | $3.85 | $1.26 |
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MSIRPM
| Q4 25 | $3.4B | $1.9B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.8B | $2.1B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.6B | $2.0B | ||
| Q1 24 | $2.4B | $1.5B |
净利润MSIRPM
| Q4 25 | $649.0M | $161.2M | ||
| Q3 25 | $562.0M | $227.6M | ||
| Q2 25 | $513.0M | $225.8M | ||
| Q1 25 | $430.0M | $52.0M | ||
| Q4 24 | $611.0M | $183.2M | ||
| Q3 24 | $562.0M | $227.7M | ||
| Q2 24 | $443.0M | $180.6M | ||
| Q1 24 | $-39.0M | $61.2M |
毛利率MSIRPM
| Q4 25 | 52.3% | 40.8% | ||
| Q3 25 | 51.6% | 42.3% | ||
| Q2 25 | 51.1% | 42.4% | ||
| Q1 25 | 51.4% | 38.4% | ||
| Q4 24 | 51.4% | 41.4% | ||
| Q3 24 | 51.4% | 42.5% | ||
| Q2 24 | 51.0% | 41.4% | ||
| Q1 24 | 49.9% | 39.9% |
营业利润率MSIRPM
| Q4 25 | 27.9% | 11.0% | ||
| Q3 25 | 25.6% | 14.1% | ||
| Q2 25 | 25.0% | 11.9% | ||
| Q1 25 | 23.0% | 2.8% | ||
| Q4 24 | 27.0% | 11.5% | ||
| Q3 24 | 25.5% | 14.8% | ||
| Q2 24 | 24.5% | 11.9% | ||
| Q1 24 | 21.7% | 5.5% |
净利率MSIRPM
| Q4 25 | 19.2% | 8.4% | ||
| Q3 25 | 18.7% | 10.8% | ||
| Q2 25 | 18.6% | 10.8% | ||
| Q1 25 | 17.0% | 3.5% | ||
| Q4 24 | 20.3% | 9.9% | ||
| Q3 24 | 20.1% | 11.6% | ||
| Q2 24 | 16.9% | 9.0% | ||
| Q1 24 | -1.6% | 4.0% |
每股收益（稀释后）MSIRPM
| Q4 25 | $3.85 | $1.26 | ||
| Q3 25 | $3.33 | $1.77 | ||
| Q2 25 | $3.04 | $1.76 | ||
| Q1 25 | $2.53 | $0.40 | ||
| Q4 24 | $3.57 | $1.42 | ||
| Q3 24 | $3.29 | $1.77 | ||
| Q2 24 | $2.60 | $1.40 | ||
| Q1 24 | $-0.23 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.4B | $3.1B |
| 总资产 | $19.4B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资MSIRPM
| Q4 25 | $1.2B | $316.6M | ||
| Q3 25 | $894.0M | $297.1M | ||
| Q2 25 | $3.2B | $302.1M | ||
| Q1 25 | $1.6B | $241.9M | ||
| Q4 24 | $2.1B | $268.7M | ||
| Q3 24 | $1.4B | $231.6M | ||
| Q2 24 | $1.4B | $237.4M | ||
| Q1 24 | $1.5B | $248.9M |
总债务MSIRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益MSIRPM
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.3B | $3.1B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $802.0M | $2.5B | ||
| Q1 24 | $521.0M | $2.3B |
总资产MSIRPM
| Q4 25 | $19.4B | $7.9B | ||
| Q3 25 | $18.8B | $7.9B | ||
| Q2 25 | $16.4B | $7.8B | ||
| Q1 25 | $14.4B | $6.6B | ||
| Q4 24 | $14.6B | $6.7B | ||
| Q3 24 | $13.9B | $6.6B | ||
| Q2 24 | $13.3B | $6.6B | ||
| Q1 24 | $13.3B | $6.4B |
负债/权益比MSIRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $296.4M |
| 自由现金流率自由现金流/营收 | 33.8% | 15.5% |
| 资本支出强度资本支出/营收 | 3.4% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.94× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $582.9M |
8季度趋势，按日历期对齐
经营现金流MSIRPM
| Q4 25 | $1.3B | $345.7M | ||
| Q3 25 | $798.0M | $237.5M | ||
| Q2 25 | $273.0M | $149.2M | ||
| Q1 25 | $510.0M | $91.5M | ||
| Q4 24 | $1.1B | $279.4M | ||
| Q3 24 | $759.0M | $248.1M | ||
| Q2 24 | $180.0M | $181.2M | ||
| Q1 24 | $382.0M | $173.4M |
自由现金流MSIRPM
| Q4 25 | $1.1B | $296.4M | ||
| Q3 25 | $732.0M | $175.0M | ||
| Q2 25 | $225.0M | $78.2M | ||
| Q1 25 | $473.0M | $33.3M | ||
| Q4 24 | $984.0M | $229.5M | ||
| Q3 24 | $702.0M | $197.3M | ||
| Q2 24 | $112.0M | $105.3M | ||
| Q1 24 | $336.0M | $124.6M |
自由现金流率MSIRPM
| Q4 25 | 33.8% | 15.5% | ||
| Q3 25 | 24.3% | 8.3% | ||
| Q2 25 | 8.1% | 3.8% | ||
| Q1 25 | 18.7% | 2.3% | ||
| Q4 24 | 32.7% | 12.4% | ||
| Q3 24 | 25.2% | 10.0% | ||
| Q2 24 | 4.3% | 5.2% | ||
| Q1 24 | 14.1% | 8.2% |
资本支出强度MSIRPM
| Q4 25 | 3.4% | 2.6% | ||
| Q3 25 | 2.2% | 3.0% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 2.9% | 2.7% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | 2.6% | 3.8% | ||
| Q1 24 | 1.9% | 3.2% |
现金转化率MSIRPM
| Q4 25 | 1.94× | 2.14× | ||
| Q3 25 | 1.42× | 1.04× | ||
| Q2 25 | 0.53× | 0.66× | ||
| Q1 25 | 1.19× | 1.76× | ||
| Q4 24 | 1.75× | 1.53× | ||
| Q3 24 | 1.35× | 1.09× | ||
| Q2 24 | 0.41× | 1.00× | ||
| Q1 24 | — | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
