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摩托罗拉解决方案（MSI）与希捷科技（STX）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希捷科技的1.1倍（$3.4B vs $3.1B），希捷科技净利率更高（24.0% vs 19.2%，领先4.8%），希捷科技同比增速更快（44.1% vs 12.3%），摩托罗拉解决方案自由现金流更多（$1.1B vs $953.0M），过去两年希捷科技的营收复合增速更高（28.4% vs 18.9%）
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。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
MSI vs STX — 直观对比
营收规模更大
MSI
是对方的1.1倍
$3.1B
营收增速更快
STX
高出31.8%
12.3%
净利率更高
STX
高出4.8%
19.2%
自由现金流更多
MSI
多$189.0M
$953.0M
两年增速更快
STX
近两年复合增速
18.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.1B |
| 净利润 | $649.0M | $748.0M |
| 毛利率 | 52.3% | 46.5% |
| 营业利润率 | 27.9% | 32.1% |
| 净利率 | 19.2% | 24.0% |
| 营收同比 | 12.3% | 44.1% |
| 净利润同比 | 6.2% | -23.8% |
| 每股收益（稀释后） | $3.85 | $3.27 |
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MSISTX
| Q3 26 | — | $3.1B | ||
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.4B | $2.6B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.8B | $2.4B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.8B | $2.2B |
净利润MSISTX
| Q3 26 | — | $748.0M | ||
| Q1 26 | — | $593.0M | ||
| Q4 25 | $649.0M | $549.0M | ||
| Q3 25 | $562.0M | — | ||
| Q2 25 | $513.0M | $488.0M | ||
| Q1 25 | $430.0M | $340.0M | ||
| Q4 24 | $611.0M | $336.0M | ||
| Q3 24 | $562.0M | $305.0M |
毛利率MSISTX
| Q3 26 | — | 46.5% | ||
| Q1 26 | — | 41.6% | ||
| Q4 25 | 52.3% | 39.4% | ||
| Q3 25 | 51.6% | — | ||
| Q2 25 | 51.1% | 37.4% | ||
| Q1 25 | 51.4% | 35.2% | ||
| Q4 24 | 51.4% | 34.9% | ||
| Q3 24 | 51.4% | 32.9% |
营业利润率MSISTX
| Q3 26 | — | 32.1% | ||
| Q1 26 | — | 29.8% | ||
| Q4 25 | 27.9% | 26.4% | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 25.0% | 23.2% | ||
| Q1 25 | 23.0% | 20.0% | ||
| Q4 24 | 27.0% | 21.0% | ||
| Q3 24 | 25.5% | 18.6% |
净利率MSISTX
| Q3 26 | — | 24.0% | ||
| Q1 26 | — | 21.0% | ||
| Q4 25 | 19.2% | 20.9% | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 18.6% | 20.0% | ||
| Q1 25 | 17.0% | 15.7% | ||
| Q4 24 | 20.3% | 14.5% | ||
| Q3 24 | 20.1% | 14.1% |
每股收益（稀释后）MSISTX
| Q3 26 | — | $3.27 | ||
| Q1 26 | — | $2.60 | ||
| Q4 25 | $3.85 | $2.43 | ||
| Q3 25 | $3.33 | — | ||
| Q2 25 | $3.04 | $2.24 | ||
| Q1 25 | $2.53 | $1.57 | ||
| Q4 24 | $3.57 | $1.55 | ||
| Q3 24 | $3.29 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $2.4B | — |
| 总资产 | $19.4B | $8.9B |
| 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MSISTX
| Q3 26 | — | $1.1B | ||
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $894.0M | — | ||
| Q2 25 | $3.2B | $891.0M | ||
| Q1 25 | $1.6B | $814.0M | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B |
总债务MSISTX
| Q3 26 | — | $3.9B | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
股东权益MSISTX
| Q3 26 | — | — | ||
| Q1 26 | — | $459.0M | ||
| Q4 25 | $2.4B | $-63.0M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.0B | $-453.0M | ||
| Q1 25 | $1.6B | $-829.0M | ||
| Q4 24 | $1.7B | $-1.1B | ||
| Q3 24 | $1.3B | $-1.3B |
总资产MSISTX
| Q3 26 | — | $8.9B | ||
| Q1 26 | — | $8.7B | ||
| Q4 25 | $19.4B | $8.4B | ||
| Q3 25 | $18.8B | — | ||
| Q2 25 | $16.4B | $8.0B | ||
| Q1 25 | $14.4B | $7.6B | ||
| Q4 24 | $14.6B | $8.0B | ||
| Q3 24 | $13.9B | $8.0B |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $953.0M |
| 自由现金流率自由现金流/营收 | 33.8% | 30.6% |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.94× | 3.17× |
| 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MSISTX
| Q3 26 | — | $2.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $532.0M | ||
| Q3 25 | $798.0M | — | ||
| Q2 25 | $273.0M | $508.0M | ||
| Q1 25 | $510.0M | $259.0M | ||
| Q4 24 | $1.1B | $221.0M | ||
| Q3 24 | $759.0M | $95.0M |
自由现金流MSISTX
| Q3 26 | — | $953.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $427.0M | ||
| Q3 25 | $732.0M | — | ||
| Q2 25 | $225.0M | $425.0M | ||
| Q1 25 | $473.0M | $216.0M | ||
| Q4 24 | $984.0M | $150.0M | ||
| Q3 24 | $702.0M | $27.0M |
自由现金流率MSISTX
| Q3 26 | — | 30.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 33.8% | 16.2% | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 8.1% | 17.4% | ||
| Q1 25 | 18.7% | 10.0% | ||
| Q4 24 | 32.7% | 6.5% | ||
| Q3 24 | 25.2% | 1.2% |
资本支出强度MSISTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 4.0% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 1.5% | 2.0% | ||
| Q4 24 | 2.9% | 3.1% | ||
| Q3 24 | 2.0% | 3.1% |
现金转化率MSISTX
| Q3 26 | — | 3.17× | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 0.97× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.53× | 1.04× | ||
| Q1 25 | 1.19× | 0.76× | ||
| Q4 24 | 1.75× | 0.66× | ||
| Q3 24 | 1.35× | 0.31× |
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% |
STX
暂无分部数据
