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摩托罗拉解决方案（MSI）与宣伟（SHW）财务数据对比。点击上方公司名可切换其他公司
宣伟的季度营收约是摩托罗拉解决方案的1.7倍（$5.7B vs $3.4B），摩托罗拉解决方案净利率更高（19.2% vs 9.4%，领先9.8%），摩托罗拉解决方案同比增速更快（12.3% vs 6.8%），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs -4.9%）
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。
宣伟是总部位于美国俄亥俄州克利夫兰的涂料企业，主要从事涂料、地坪覆盖材料及相关产品的生产、分销与销售业务，业务覆盖全球超过120个国家，截至2024年按营收计为全球规模最大的涂料企业。
MSI vs SHW — 直观对比
营收规模更大
SHW
是对方的1.7倍
$3.4B
营收增速更快
MSI
高出5.5%
6.8%
净利率更高
MSI
高出9.8%
9.4%
两年增速更快
MSI
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $5.7B |
| 净利润 | $649.0M | $534.7M |
| 毛利率 | 52.3% | 49.1% |
| 营业利润率 | 27.9% | — |
| 净利率 | 19.2% | 9.4% |
| 营收同比 | 12.3% | 6.8% |
| 净利润同比 | 6.2% | 6.1% |
| 每股收益（稀释后） | $3.85 | $2.15 |
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MSISHW
| Q1 26 | — | $5.7B | ||
| Q4 25 | $3.4B | $5.6B | ||
| Q3 25 | $3.0B | $6.4B | ||
| Q2 25 | $2.8B | $6.3B | ||
| Q1 25 | $2.5B | $5.3B | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $2.8B | $6.2B | ||
| Q2 24 | $2.6B | $6.3B |
净利润MSISHW
| Q1 26 | — | $534.7M | ||
| Q4 25 | $649.0M | $476.8M | ||
| Q3 25 | $562.0M | $833.1M | ||
| Q2 25 | $513.0M | $754.7M | ||
| Q1 25 | $430.0M | $503.9M | ||
| Q4 24 | $611.0M | $480.1M | ||
| Q3 24 | $562.0M | $806.2M | ||
| Q2 24 | $443.0M | $889.9M |
毛利率MSISHW
| Q1 26 | — | 49.1% | ||
| Q4 25 | 52.3% | 48.5% | ||
| Q3 25 | 51.6% | 49.2% | ||
| Q2 25 | 51.1% | 49.4% | ||
| Q1 25 | 51.4% | 48.2% | ||
| Q4 24 | 51.4% | 48.6% | ||
| Q3 24 | 51.4% | 49.1% | ||
| Q2 24 | 51.0% | 48.8% |
营业利润率MSISHW
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 11.4% | ||
| Q3 25 | 25.6% | 16.7% | ||
| Q2 25 | 25.0% | 15.6% | ||
| Q1 25 | 23.0% | 12.3% | ||
| Q4 24 | 27.0% | 11.6% | ||
| Q3 24 | 25.5% | 21.4% | ||
| Q2 24 | 24.5% | 22.5% |
净利率MSISHW
| Q1 26 | — | 9.4% | ||
| Q4 25 | 19.2% | 8.5% | ||
| Q3 25 | 18.7% | 13.1% | ||
| Q2 25 | 18.6% | 12.0% | ||
| Q1 25 | 17.0% | 9.5% | ||
| Q4 24 | 20.3% | 9.1% | ||
| Q3 24 | 20.1% | 13.1% | ||
| Q2 24 | 16.9% | 14.2% |
每股收益（稀释后）MSISHW
| Q1 26 | — | $2.15 | ||
| Q4 25 | $3.85 | $1.91 | ||
| Q3 25 | $3.33 | $3.35 | ||
| Q2 25 | $3.04 | $3.00 | ||
| Q1 25 | $2.53 | $2.00 | ||
| Q4 24 | $3.57 | $1.90 | ||
| Q3 24 | $3.29 | $3.18 | ||
| Q2 24 | $2.60 | $3.50 |
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 | $216.9K |
| 总债务越低越好 | — | $11.7M |
| 股东权益账面价值 | $2.4B | $4.4M |
| 总资产 | $19.4B | $26.4M |
| 负债/权益比越低杠杆越低 | — | 2.64× |
8季度趋势，按日历期对齐
现金及短期投资MSISHW
| Q1 26 | — | $216.9K | ||
| Q4 25 | $1.2B | $207.2M | ||
| Q3 25 | $894.0M | $241.5M | ||
| Q2 25 | $3.2B | $269.8M | ||
| Q1 25 | $1.6B | $199.8M | ||
| Q4 24 | $2.1B | $210.4M | ||
| Q3 24 | $1.4B | $238.2M | ||
| Q2 24 | $1.4B | $200.0M |
总债务MSISHW
| Q1 26 | — | $11.7M | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.7B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $9.0B |
股东权益MSISHW
| Q1 26 | — | $4.4M | ||
| Q4 25 | $2.4B | $4.6B | ||
| Q3 25 | $2.3B | $4.4B | ||
| Q2 25 | $2.0B | $4.4B | ||
| Q1 25 | $1.6B | $4.1B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $1.3B | $4.2B | ||
| Q2 24 | $802.0M | $3.8B |
总资产MSISHW
| Q1 26 | — | $26.4M | ||
| Q4 25 | $19.4B | $25.9B | ||
| Q3 25 | $18.8B | $26.2B | ||
| Q2 25 | $16.4B | $25.4B | ||
| Q1 25 | $14.4B | $24.6B | ||
| Q4 24 | $14.6B | $23.6B | ||
| Q3 24 | $13.9B | $24.0B | ||
| Q2 24 | $13.3B | $23.7B |
负债/权益比MSISHW
| Q1 26 | — | 2.64× | ||
| Q4 25 | — | 2.10× | ||
| Q3 25 | — | 2.18× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | 2.22× | ||
| Q2 24 | — | 2.39× |
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% | 2.4% |
| 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MSISHW
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $798.0M | $1.3B | ||
| Q2 25 | $273.0M | $1.1B | ||
| Q1 25 | $510.0M | $-61.1M | ||
| Q4 24 | $1.1B | $934.5M | ||
| Q3 24 | $759.0M | $1.1B | ||
| Q2 24 | $180.0M | $1.2B |
自由现金流MSISHW
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $862.1M | ||
| Q3 25 | $732.0M | $1.1B | ||
| Q2 25 | $225.0M | $931.1M | ||
| Q1 25 | $473.0M | $-250.4M | ||
| Q4 24 | $984.0M | $634.5M | ||
| Q3 24 | $702.0M | $839.4M | ||
| Q2 24 | $112.0M | $952.0M |
自由现金流率MSISHW
| Q1 26 | — | — | ||
| Q4 25 | 33.8% | 15.4% | ||
| Q3 25 | 24.3% | 17.5% | ||
| Q2 25 | 8.1% | 14.7% | ||
| Q1 25 | 18.7% | -4.7% | ||
| Q4 24 | 32.7% | 12.0% | ||
| Q3 24 | 25.2% | 13.6% | ||
| Q2 24 | 4.3% | 15.2% |
资本支出强度MSISHW
| Q1 26 | — | 2.4% | ||
| Q4 25 | 3.4% | 4.1% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | 1.7% | 2.9% | ||
| Q1 25 | 1.5% | 3.6% | ||
| Q4 24 | 2.9% | 5.7% | ||
| Q3 24 | 2.0% | 3.8% | ||
| Q2 24 | 2.6% | 4.0% |
现金转化率MSISHW
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 2.29× | ||
| Q3 25 | 1.42× | 1.57× | ||
| Q2 25 | 0.53× | 1.47× | ||
| Q1 25 | 1.19× | -0.12× | ||
| Q4 24 | 1.75× | 1.95× | ||
| Q3 24 | 1.35× | 1.33× | ||
| Q2 24 | 0.41× | 1.35× |
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% |
SHW
暂无分部数据
