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摩托罗拉解决方案（MSI）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是摩托罗拉解决方案的1.1倍（$3.8B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 6.6%，领先12.6%），摩托罗拉解决方案同比增速更快（12.3% vs 0.8%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 5.5%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
MSI vs SFD — 直观对比
营收规模更大
SFD
是对方的1.1倍
$3.4B
营收增速更快
MSI
高出11.5%
0.8%
净利率更高
MSI
高出12.6%
6.6%
两年增速更快
MSI
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.8B |
| 净利润 | $649.0M | $249.0M |
| 毛利率 | 52.3% | 13.4% |
| 营业利润率 | 27.9% | 8.8% |
| 净利率 | 19.2% | 6.6% |
| 营收同比 | 12.3% | 0.8% |
| 净利润同比 | 6.2% | 9.7% |
| 每股收益（稀释后） | $3.85 | — |
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MSISFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.4B | $4.2B | ||
| Q3 25 | $3.0B | $3.7B | ||
| Q2 25 | $2.8B | $3.8B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $2.8B | $3.3B | ||
| Q2 24 | $2.6B | $3.4B |
净利润MSISFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $649.0M | $327.0M | ||
| Q3 25 | $562.0M | $248.0M | ||
| Q2 25 | $513.0M | $188.0M | ||
| Q1 25 | $430.0M | $224.0M | ||
| Q4 24 | $611.0M | $205.0M | ||
| Q3 24 | $562.0M | $291.0M | ||
| Q2 24 | $443.0M | $301.0M |
毛利率MSISFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 52.3% | 14.2% | ||
| Q3 25 | 51.6% | 12.8% | ||
| Q2 25 | 51.1% | 13.2% | ||
| Q1 25 | 51.4% | 13.5% | ||
| Q4 24 | 51.4% | 13.5% | ||
| Q3 24 | 51.4% | 14.3% | ||
| Q2 24 | 51.0% | 15.4% |
营业利润率MSISFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 27.9% | 9.5% | ||
| Q3 25 | 25.6% | 8.3% | ||
| Q2 25 | 25.0% | 6.9% | ||
| Q1 25 | 23.0% | 8.5% | ||
| Q4 24 | 27.0% | 8.5% | ||
| Q3 24 | 25.5% | 8.5% | ||
| Q2 24 | 24.5% | 9.8% |
净利率MSISFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 19.2% | 7.7% | ||
| Q3 25 | 18.7% | 6.6% | ||
| Q2 25 | 18.6% | 5.0% | ||
| Q1 25 | 17.0% | 5.9% | ||
| Q4 24 | 20.3% | 5.2% | ||
| Q3 24 | 20.1% | 8.7% | ||
| Q2 24 | 16.9% | 8.8% |
每股收益（稀释后）MSISFD
| Q1 26 | — | — | ||
| Q4 25 | $3.85 | $0.83 | ||
| Q3 25 | $3.33 | $0.63 | ||
| Q2 25 | $3.04 | $0.48 | ||
| Q1 25 | $2.53 | $0.57 | ||
| Q4 24 | $3.57 | $0.54 | ||
| Q3 24 | $3.29 | $0.77 | ||
| Q2 24 | $2.60 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $6.9B |
| 总资产 | $19.4B | $12.0B |
| 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MSISFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $894.0M | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
总债务MSISFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MSISFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.4B | $6.8B | ||
| Q3 25 | $2.3B | $6.5B | ||
| Q2 25 | $2.0B | $6.3B | ||
| Q1 25 | $1.6B | $6.2B | ||
| Q4 24 | $1.7B | $5.8B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $802.0M | — |
总资产MSISFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $19.4B | $12.2B | ||
| Q3 25 | $18.8B | $11.5B | ||
| Q2 25 | $16.4B | $11.2B | ||
| Q1 25 | $14.4B | $11.1B | ||
| Q4 24 | $14.6B | $11.1B | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $13.3B | — |
负债/权益比MSISFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| 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 | $1.3B | — |
| 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% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.94× | — |
| 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MSISFD
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $938.0M | ||
| Q3 25 | $798.0M | $13.0M | ||
| Q2 25 | $273.0M | $274.0M | ||
| Q1 25 | $510.0M | $-166.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $759.0M | — | ||
| Q2 24 | $180.0M | — |
自由现金流MSISFD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $842.0M | ||
| Q3 25 | $732.0M | $-75.0M | ||
| Q2 25 | $225.0M | $196.0M | ||
| Q1 25 | $473.0M | $-245.0M | ||
| Q4 24 | $984.0M | — | ||
| Q3 24 | $702.0M | — | ||
| Q2 24 | $112.0M | — |
自由现金流率MSISFD
| Q1 26 | — | — | ||
| Q4 25 | 33.8% | 19.9% | ||
| Q3 25 | 24.3% | -2.0% | ||
| Q2 25 | 8.1% | 5.2% | ||
| Q1 25 | 18.7% | -6.5% | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 4.3% | — |
资本支出强度MSISFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | 2.2% | 2.3% | ||
| Q2 25 | 1.7% | 2.1% | ||
| Q1 25 | 1.5% | 2.1% | ||
| Q4 24 | 2.9% | 2.1% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 2.6% | 2.3% |
现金转化率MSISFD
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 2.87× | ||
| Q3 25 | 1.42× | 0.05× | ||
| Q2 25 | 0.53× | 1.46× | ||
| Q1 25 | 1.19× | -0.74× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 0.41× | — |
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% |
SFD
暂无分部数据
