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摩托罗拉解决方案（MSI）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是摩托罗拉解决方案的1.4倍（$3.8B vs $2.7B），摩托罗拉解决方案净利率更高（13.5% vs 1.5%，领先11.9%），摩托罗拉解决方案同比增速更快（7.4% vs 2.7%），摩托罗拉解决方案自由现金流更多（$389.0M vs $-447.3M），过去两年摩托罗拉解决方案的营收复合增速更高（1.6% vs -0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
MSI vs SWK — 直观对比
营收规模更大
SWK
是对方的1.4倍
$2.7B
营收增速更快
MSI
高出4.6%
2.7%
净利率更高
MSI
高出11.9%
1.5%
自由现金流更多
MSI
多$836.3M
$-447.3M
两年增速更快
MSI
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.8B |
| 净利润 | $366.0M | $59.6M |
| 毛利率 | — | 30.1% |
| 营业利润率 | 19.3% | 4.2% |
| 净利率 | 13.5% | 1.5% |
| 营收同比 | 7.4% | 2.7% |
| 净利润同比 | -14.9% | -34.1% |
| 每股收益（稀释后） | $2.18 | $0.39 |
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MSISWK
| Q1 26 | $2.7B | $3.8B | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.0B | $3.8B | ||
| Q2 25 | $2.8B | $3.9B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $2.8B | $3.8B | ||
| Q2 24 | $2.6B | $4.0B |
净利润MSISWK
| Q1 26 | $366.0M | $59.6M | ||
| Q4 25 | $649.0M | — | ||
| Q3 25 | $562.0M | $51.4M | ||
| Q2 25 | $513.0M | $101.9M | ||
| Q1 25 | $430.0M | $90.4M | ||
| Q4 24 | $611.0M | $194.9M | ||
| Q3 24 | $562.0M | $91.1M | ||
| Q2 24 | $443.0M | $-11.2M |
毛利率MSISWK
| Q1 26 | — | 30.1% | ||
| Q4 25 | 52.3% | — | ||
| Q3 25 | 51.6% | 31.4% | ||
| Q2 25 | 51.1% | 27.0% | ||
| Q1 25 | 51.4% | 29.9% | ||
| Q4 24 | 51.4% | 30.8% | ||
| Q3 24 | 51.4% | 29.9% | ||
| Q2 24 | 51.0% | 28.4% |
营业利润率MSISWK
| Q1 26 | 19.3% | 4.2% | ||
| Q4 25 | 27.9% | — | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.0% | — | ||
| Q4 24 | 27.0% | 3.4% | ||
| Q3 24 | 25.5% | 10.6% | ||
| Q2 24 | 24.5% | 9.5% |
净利率MSISWK
| Q1 26 | 13.5% | 1.5% | ||
| Q4 25 | 19.2% | — | ||
| Q3 25 | 18.7% | 1.4% | ||
| Q2 25 | 18.6% | 2.6% | ||
| Q1 25 | 17.0% | 2.4% | ||
| Q4 24 | 20.3% | 5.2% | ||
| Q3 24 | 20.1% | 2.4% | ||
| Q2 24 | 16.9% | -0.3% |
每股收益（稀释后）MSISWK
| Q1 26 | $2.18 | $0.39 | ||
| Q4 25 | $3.85 | — | ||
| Q3 25 | $3.33 | $0.34 | ||
| Q2 25 | $3.04 | $0.67 | ||
| Q1 25 | $2.53 | $0.60 | ||
| Q4 24 | $3.57 | $1.29 | ||
| Q3 24 | $3.29 | $0.60 | ||
| Q2 24 | $2.60 | $-0.07 |
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 | $333.7M |
| 总债务越低越好 | $9.0B | $6.4B |
| 股东权益账面价值 | — | — |
| 总资产 | $19.1B | $21.6B |
| 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MSISWK
| Q1 26 | $886.0M | $333.7M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $894.0M | $268.3M | ||
| Q2 25 | $3.2B | $311.8M | ||
| Q1 25 | $1.6B | $344.8M | ||
| Q4 24 | $2.1B | $290.5M | ||
| Q3 24 | $1.4B | $298.7M | ||
| Q2 24 | $1.4B | $318.5M |
总债务MSISWK
| Q1 26 | $9.0B | $6.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
股东权益MSISWK
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | $9.0B | ||
| Q2 25 | $2.0B | $9.1B | ||
| Q1 25 | $1.6B | $8.8B | ||
| Q4 24 | $1.7B | $8.7B | ||
| Q3 24 | $1.3B | $8.9B | ||
| Q2 24 | $802.0M | $8.7B |
总资产MSISWK
| Q1 26 | $19.1B | $21.6B | ||
| Q4 25 | $19.4B | — | ||
| Q3 25 | $18.8B | $21.8B | ||
| Q2 25 | $16.4B | $22.5B | ||
| Q1 25 | $14.4B | $22.5B | ||
| Q4 24 | $14.6B | $21.8B | ||
| Q3 24 | $13.9B | $22.5B | ||
| Q2 24 | $13.3B | $22.5B |
负债/权益比MSISWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× |
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 | $-388.8M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $-447.3M |
| 自由现金流率自由现金流/营收 | 14.3% | -11.6% |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 1.23× | -6.52× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $-642.3M |
8季度趋势，按日历期对齐
经营现金流MSISWK
| Q1 26 | $451.0M | $-388.8M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $798.0M | $221.2M | ||
| Q2 25 | $273.0M | $214.3M | ||
| Q1 25 | $510.0M | $-420.0M | ||
| Q4 24 | $1.1B | $679.1M | ||
| Q3 24 | $759.0M | $285.8M | ||
| Q2 24 | $180.0M | $573.0M |
自由现金流MSISWK
| Q1 26 | $389.0M | $-447.3M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $732.0M | $155.3M | ||
| Q2 25 | $225.0M | $134.7M | ||
| Q1 25 | $473.0M | $-485.0M | ||
| Q4 24 | $984.0M | $564.6M | ||
| Q3 24 | $702.0M | $199.3M | ||
| Q2 24 | $112.0M | $485.8M |
自由现金流率MSISWK
| Q1 26 | 14.3% | -11.6% | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 24.3% | 4.1% | ||
| Q2 25 | 8.1% | 3.4% | ||
| Q1 25 | 18.7% | -13.0% | ||
| Q4 24 | 32.7% | 15.2% | ||
| Q3 24 | 25.2% | 5.3% | ||
| Q2 24 | 4.3% | 12.1% |
资本支出强度MSISWK
| Q1 26 | 2.3% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | 1.8% | ||
| Q2 25 | 1.7% | 2.0% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 2.9% | 3.1% | ||
| Q3 24 | 2.0% | 2.3% | ||
| Q2 24 | 2.6% | 2.2% |
现金转化率MSISWK
| Q1 26 | 1.23× | -6.52× | ||
| Q4 25 | 1.94× | — | ||
| Q3 25 | 1.42× | 4.30× | ||
| Q2 25 | 0.53× | 2.10× | ||
| Q1 25 | 1.19× | -4.65× | ||
| Q4 24 | 1.75× | 3.48× | ||
| Q3 24 | 1.35× | 3.14× | ||
| 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
