vs
摩托罗拉解决方案（MSI）与Sprouts Farmers Market, Inc.（SFM）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Sprouts Farmers Market, Inc.的1.6倍（$3.4B vs $2.1B），摩托罗拉解决方案净利率更高（19.2% vs 4.2%，领先15.0%），摩托罗拉解决方案同比增速更快（12.3% vs 7.6%），摩托罗拉解决方案自由现金流更多（$1.1B vs $66.3M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 6.8%）
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。
Sprouts Farmers Market是总部位于美国亚利桑那州凤凰城的连锁超市品牌，主营天然有机食品，涵盖新鲜果蔬、散装食品、包装杂货、肉禽海鲜、熟食烘焙、乳制品、冷冻食品等品类，同时售有维生素补剂、天然个护及家居用品，目前在全美24个州开设超400家门店，员工约3.5万名。
MSI vs SFM — 直观对比
营收规模更大
MSI
是对方的1.6倍
$2.1B
营收增速更快
MSI
高出4.7%
7.6%
净利率更高
MSI
高出15.0%
4.2%
自由现金流更多
MSI
多$1.1B
$66.3M
两年增速更快
MSI
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.1B |
| 净利润 | $649.0M | $89.8M |
| 毛利率 | 52.3% | 38.0% |
| 营业利润率 | 27.9% | 5.7% |
| 净利率 | 19.2% | 4.2% |
| 营收同比 | 12.3% | 7.6% |
| 净利润同比 | 6.2% | 12.8% |
| 每股收益（稀释后） | $3.85 | $0.93 |
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MSISFM
| Q4 25 | $3.4B | $2.1B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $2.8B | $1.9B | ||
| Q2 24 | $2.6B | $1.9B | ||
| Q1 24 | $2.4B | $1.9B |
净利润MSISFM
| Q4 25 | $649.0M | $89.8M | ||
| Q3 25 | $562.0M | $120.1M | ||
| Q2 25 | $513.0M | $133.7M | ||
| Q1 25 | $430.0M | $180.0M | ||
| Q4 24 | $611.0M | $79.6M | ||
| Q3 24 | $562.0M | $91.6M | ||
| Q2 24 | $443.0M | $95.3M | ||
| Q1 24 | $-39.0M | $114.1M |
毛利率MSISFM
| Q4 25 | 52.3% | 38.0% | ||
| Q3 25 | 51.6% | 38.7% | ||
| Q2 25 | 51.1% | 38.8% | ||
| Q1 25 | 51.4% | 39.6% | ||
| Q4 24 | 51.4% | 38.1% | ||
| Q3 24 | 51.4% | 38.1% | ||
| Q2 24 | 51.0% | 37.9% | ||
| Q1 24 | 49.9% | 38.3% |
营业利润率MSISFM
| Q4 25 | 27.9% | 5.7% | ||
| Q3 25 | 25.6% | 7.2% | ||
| Q2 25 | 25.0% | 8.1% | ||
| Q1 25 | 23.0% | 10.1% | ||
| Q4 24 | 27.0% | 5.3% | ||
| Q3 24 | 25.5% | 6.3% | ||
| Q2 24 | 24.5% | 6.7% | ||
| Q1 24 | 21.7% | 7.9% |
净利率MSISFM
| Q4 25 | 19.2% | 4.2% | ||
| Q3 25 | 18.7% | 5.5% | ||
| Q2 25 | 18.6% | 6.0% | ||
| Q1 25 | 17.0% | 8.0% | ||
| Q4 24 | 20.3% | 4.0% | ||
| Q3 24 | 20.1% | 4.7% | ||
| Q2 24 | 16.9% | 5.0% | ||
| Q1 24 | -1.6% | 6.1% |
每股收益（稀释后）MSISFM
| Q4 25 | $3.85 | $0.93 | ||
| Q3 25 | $3.33 | $1.22 | ||
| Q2 25 | $3.04 | $1.35 | ||
| Q1 25 | $2.53 | $1.81 | ||
| Q4 24 | $3.57 | $0.78 | ||
| Q3 24 | $3.29 | $0.91 | ||
| Q2 24 | $2.60 | $0.94 | ||
| Q1 24 | $-0.23 | $1.12 |
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 | $257.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $1.4B |
| 总资产 | $19.4B | $4.2B |
| 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MSISFM
| Q4 25 | $1.2B | $257.3M | ||
| Q3 25 | $894.0M | $322.4M | ||
| Q2 25 | $3.2B | $261.4M | ||
| Q1 25 | $1.6B | $285.7M | ||
| Q4 24 | $2.1B | $265.2M | ||
| Q3 24 | $1.4B | $309.7M | ||
| Q2 24 | $1.4B | $177.3M | ||
| Q1 24 | $1.5B | $312.3M |
股东权益MSISFM
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $802.0M | $1.3B | ||
| Q1 24 | $521.0M | $1.2B |
总资产MSISFM
| Q4 25 | $19.4B | $4.2B | ||
| Q3 25 | $18.8B | $4.0B | ||
| Q2 25 | $16.4B | $3.8B | ||
| Q1 25 | $14.4B | $3.7B | ||
| Q4 24 | $14.6B | $3.6B | ||
| Q3 24 | $13.9B | $3.6B | ||
| Q2 24 | $13.3B | $3.4B | ||
| Q1 24 | $13.3B | $3.5B |
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 | $138.5M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $66.3M |
| 自由现金流率自由现金流/营收 | 33.8% | 3.1% |
| 资本支出强度资本支出/营收 | 3.4% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.94× | 1.54× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $467.7M |
8季度趋势，按日历期对齐
经营现金流MSISFM
| Q4 25 | $1.3B | $138.5M | ||
| Q3 25 | $798.0M | $167.1M | ||
| Q2 25 | $273.0M | $111.2M | ||
| Q1 25 | $510.0M | $299.1M | ||
| Q4 24 | $1.1B | $124.9M | ||
| Q3 24 | $759.0M | $209.1M | ||
| Q2 24 | $180.0M | $91.6M | ||
| Q1 24 | $382.0M | $219.7M |
自由现金流MSISFM
| Q4 25 | $1.1B | $66.3M | ||
| Q3 25 | $732.0M | $111.4M | ||
| Q2 25 | $225.0M | $50.4M | ||
| Q1 25 | $473.0M | $239.6M | ||
| Q4 24 | $984.0M | $56.2M | ||
| Q3 24 | $702.0M | $156.3M | ||
| Q2 24 | $112.0M | $33.9M | ||
| Q1 24 | $336.0M | $168.5M |
自由现金流率MSISFM
| Q4 25 | 33.8% | 3.1% | ||
| Q3 25 | 24.3% | 5.1% | ||
| Q2 25 | 8.1% | 2.3% | ||
| Q1 25 | 18.7% | 10.7% | ||
| Q4 24 | 32.7% | 2.8% | ||
| Q3 24 | 25.2% | 8.0% | ||
| Q2 24 | 4.3% | 1.8% | ||
| Q1 24 | 14.1% | 8.9% |
资本支出强度MSISFM
| Q4 25 | 3.4% | 3.4% | ||
| Q3 25 | 2.2% | 2.5% | ||
| Q2 25 | 1.7% | 2.7% | ||
| Q1 25 | 1.5% | 2.7% | ||
| Q4 24 | 2.9% | 3.4% | ||
| Q3 24 | 2.0% | 2.7% | ||
| Q2 24 | 2.6% | 3.0% | ||
| Q1 24 | 1.9% | 2.7% |
现金转化率MSISFM
| Q4 25 | 1.94× | 1.54× | ||
| Q3 25 | 1.42× | 1.39× | ||
| Q2 25 | 0.53× | 0.83× | ||
| Q1 25 | 1.19× | 1.66× | ||
| Q4 24 | 1.75× | 1.57× | ||
| Q3 24 | 1.35× | 2.28× | ||
| Q2 24 | 0.41× | 0.96× | ||
| Q1 24 | — | 1.93× |
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% |
SFM
| Perishables | $1.2B | 56% |
| Non Perishables | $935.4M | 44% |
