vs
摩托罗拉解决方案（MSI）与RUSH ENTERPRISES INC \TX\（RUSHA）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RUSH ENTERPRISES INC \TX\的1.6倍（$2.7B vs $1.7B），摩托罗拉解决方案净利率更高（13.5% vs 3.7%，领先9.8%），摩托罗拉解决方案同比增速更快（7.4% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $389.0M），过去两年摩托罗拉解决方案的营收复合增速更高（1.6% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
MSI vs RUSHA — 直观对比
营收规模更大
MSI
是对方的1.6倍
$1.7B
营收增速更快
MSI
高出16.4%
-9.0%
净利率更高
MSI
高出9.8%
3.7%
自由现金流更多
RUSHA
多$22.6M
$389.0M
两年增速更快
MSI
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.7B |
| 净利润 | $366.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 19.3% | 4.9% |
| 净利率 | 13.5% | 3.7% |
| 营收同比 | 7.4% | -9.0% |
| 净利润同比 | -14.9% | 1.8% |
| 每股收益（稀释后） | $2.18 | $0.77 |
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MSIRUSHA
| Q1 26 | $2.7B | $1.7B | ||
| Q4 25 | $3.4B | $1.7B | ||
| Q3 25 | $3.0B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.6B | $1.9B |
净利润MSIRUSHA
| Q1 26 | $366.0M | $61.7M | ||
| Q4 25 | $649.0M | $64.3M | ||
| Q3 25 | $562.0M | $66.7M | ||
| Q2 25 | $513.0M | $72.4M | ||
| Q1 25 | $430.0M | $60.3M | ||
| Q4 24 | $611.0M | $74.8M | ||
| Q3 24 | $562.0M | $79.1M | ||
| Q2 24 | $443.0M | $78.7M |
毛利率MSIRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 52.3% | 20.8% | ||
| Q3 25 | 51.6% | 21.0% | ||
| Q2 25 | 51.1% | 20.7% | ||
| Q1 25 | 51.4% | 20.3% | ||
| Q4 24 | 51.4% | 19.3% | ||
| Q3 24 | 51.4% | 21.0% | ||
| Q2 24 | 51.0% | 20.2% |
营业利润率MSIRUSHA
| Q1 26 | 19.3% | 4.9% | ||
| Q4 25 | 27.9% | 5.5% | ||
| Q3 25 | 25.6% | 5.6% | ||
| Q2 25 | 25.0% | 6.0% | ||
| Q1 25 | 23.0% | 5.2% | ||
| Q4 24 | 27.0% | 5.8% | ||
| Q3 24 | 25.5% | 6.7% | ||
| Q2 24 | 24.5% | 6.4% |
净利率MSIRUSHA
| Q1 26 | 13.5% | 3.7% | ||
| Q4 25 | 19.2% | 3.8% | ||
| Q3 25 | 18.7% | 3.7% | ||
| Q2 25 | 18.6% | 3.9% | ||
| Q1 25 | 17.0% | 3.4% | ||
| Q4 24 | 20.3% | 3.9% | ||
| Q3 24 | 20.1% | 4.4% | ||
| Q2 24 | 16.9% | 4.1% |
每股收益（稀释后）MSIRUSHA
| Q1 26 | $2.18 | $0.77 | ||
| Q4 25 | $3.85 | $0.81 | ||
| Q3 25 | $3.33 | $0.83 | ||
| Q2 25 | $3.04 | $0.90 | ||
| Q1 25 | $2.53 | $0.73 | ||
| Q4 24 | $3.57 | $-95.13 | ||
| Q3 24 | $3.29 | $0.97 | ||
| Q2 24 | $2.60 | $97.00 |
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 | — |
| 总债务越低越好 | $9.0B | $277.8M |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $19.1B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资MSIRUSHA
| Q1 26 | $886.0M | — | ||
| Q4 25 | $1.2B | $212.6M | ||
| Q3 25 | $894.0M | $242.0M | ||
| Q2 25 | $3.2B | $211.1M | ||
| Q1 25 | $1.6B | $228.7M | ||
| Q4 24 | $2.1B | $228.1M | ||
| Q3 24 | $1.4B | $185.1M | ||
| Q2 24 | $1.4B | $167.3M |
总债务MSIRUSHA
| Q1 26 | $9.0B | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MSIRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.4B | $2.2B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $802.0M | $2.0B |
总资产MSIRUSHA
| Q1 26 | $19.1B | $4.5B | ||
| Q4 25 | $19.4B | $4.4B | ||
| Q3 25 | $18.8B | $4.6B | ||
| Q2 25 | $16.4B | $4.7B | ||
| Q1 25 | $14.4B | $4.7B | ||
| Q4 24 | $14.6B | $4.6B | ||
| Q3 24 | $13.9B | $4.6B | ||
| Q2 24 | $13.3B | $4.5B |
负债/权益比MSIRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $411.6M |
| 自由现金流率自由现金流/营收 | 14.3% | 24.4% |
| 资本支出强度资本支出/营收 | 2.3% | 2.0% |
| 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 | $828.4M |
8季度趋势，按日历期对齐
经营现金流MSIRUSHA
| Q1 26 | $451.0M | — | ||
| Q4 25 | $1.3B | $112.9M | ||
| Q3 25 | $798.0M | $367.8M | ||
| Q2 25 | $273.0M | $227.6M | ||
| Q1 25 | $510.0M | $153.5M | ||
| Q4 24 | $1.1B | $392.3M | ||
| Q3 24 | $759.0M | $111.7M | ||
| Q2 24 | $180.0M | $270.6M |
自由现金流MSIRUSHA
| Q1 26 | $389.0M | $411.6M | ||
| Q4 25 | $1.1B | $31.9M | ||
| Q3 25 | $732.0M | $271.2M | ||
| Q2 25 | $225.0M | $113.8M | ||
| Q1 25 | $473.0M | $45.1M | ||
| Q4 24 | $984.0M | $263.5M | ||
| Q3 24 | $702.0M | $-20.0M | ||
| Q2 24 | $112.0M | $177.2M |
自由现金流率MSIRUSHA
| Q1 26 | 14.3% | 24.4% | ||
| Q4 25 | 33.8% | 1.9% | ||
| Q3 25 | 24.3% | 15.2% | ||
| Q2 25 | 8.1% | 6.2% | ||
| Q1 25 | 18.7% | 2.6% | ||
| Q4 24 | 32.7% | 13.7% | ||
| Q3 24 | 25.2% | -1.1% | ||
| Q2 24 | 4.3% | 9.1% |
资本支出强度MSIRUSHA
| Q1 26 | 2.3% | 2.0% | ||
| Q4 25 | 3.4% | 4.8% | ||
| Q3 25 | 2.2% | 5.4% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | 1.5% | 6.2% | ||
| Q4 24 | 2.9% | 6.7% | ||
| Q3 24 | 2.0% | 7.3% | ||
| Q2 24 | 2.6% | 4.8% |
现金转化率MSIRUSHA
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.94× | 1.75× | ||
| Q3 25 | 1.42× | 5.51× | ||
| Q2 25 | 0.53× | 3.14× | ||
| Q1 25 | 1.19× | 2.55× | ||
| Q4 24 | 1.75× | 5.25× | ||
| Q3 24 | 1.35× | 1.41× | ||
| Q2 24 | 0.41× | 3.44× |
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
暂无分部数据
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
