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摩托罗拉解决方案（MSI）与摩森康胜饮品公司（TAP）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摩森康胜饮品公司的1.1倍（$3.4B vs $3.1B），摩托罗拉解决方案净利率更高（19.2% vs 7.6%，领先11.6%），摩托罗拉解决方案同比增速更快（12.3% vs -3.6%），摩托罗拉解决方案自由现金流更多（$1.1B vs $357.8M），过去两年摩托罗拉解决方案的营收复合增速更高（18.9% vs 1.2%）
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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
MSI vs TAP — 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
MSI
高出15.9%
-3.6%
净利率更高
MSI
高出11.6%
7.6%
自由现金流更多
MSI
多$784.2M
$357.8M
两年增速更快
MSI
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.1B |
| 净利润 | $649.0M | $238.3M |
| 毛利率 | 52.3% | 31.0% |
| 营业利润率 | 27.9% | 10.4% |
| 净利率 | 19.2% | 7.6% |
| 营收同比 | 12.3% | -3.6% |
| 净利润同比 | 6.2% | -17.2% |
| 每股收益（稀释后） | $3.85 | $1.32 |
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MSITAP
| Q4 25 | $3.4B | $3.1B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $3.0B | $3.2B | ||
| Q3 24 | $2.8B | $3.6B | ||
| Q2 24 | $2.6B | $3.8B | ||
| Q1 24 | $2.4B | $3.0B |
净利润MSITAP
| Q4 25 | $649.0M | $238.3M | ||
| Q3 25 | $562.0M | $-2.9B | ||
| Q2 25 | $513.0M | $428.7M | ||
| Q1 25 | $430.0M | $121.0M | ||
| Q4 24 | $611.0M | $287.8M | ||
| Q3 24 | $562.0M | $199.8M | ||
| Q2 24 | $443.0M | $427.0M | ||
| Q1 24 | $-39.0M | $207.8M |
毛利率MSITAP
| Q4 25 | 52.3% | 31.0% | ||
| Q3 25 | 51.6% | 33.7% | ||
| Q2 25 | 51.1% | 34.3% | ||
| Q1 25 | 51.4% | 31.6% | ||
| Q4 24 | 51.4% | 32.0% | ||
| Q3 24 | 51.4% | 33.4% | ||
| Q2 24 | 51.0% | 34.6% | ||
| Q1 24 | 49.9% | 31.6% |
营业利润率MSITAP
| Q4 25 | 27.9% | 10.4% | ||
| Q3 25 | 25.6% | -98.5% | ||
| Q2 25 | 25.0% | 15.6% | ||
| Q1 25 | 23.0% | 6.9% | ||
| Q4 24 | 27.0% | 12.0% | ||
| Q3 24 | 25.5% | 12.5% | ||
| Q2 24 | 24.5% | 15.6% | ||
| Q1 24 | 21.7% | 10.3% |
净利率MSITAP
| Q4 25 | 19.2% | 7.6% | ||
| Q3 25 | 18.7% | -84.0% | ||
| Q2 25 | 18.6% | 11.5% | ||
| Q1 25 | 17.0% | 4.5% | ||
| Q4 24 | 20.3% | 8.9% | ||
| Q3 24 | 20.1% | 5.5% | ||
| Q2 24 | 16.9% | 11.1% | ||
| Q1 24 | -1.6% | 6.8% |
每股收益（稀释后）MSITAP
| Q4 25 | $3.85 | $1.32 | ||
| Q3 25 | $3.33 | $-14.79 | ||
| Q2 25 | $3.04 | $2.13 | ||
| Q1 25 | $2.53 | $0.59 | ||
| Q4 24 | $3.57 | $1.39 | ||
| Q3 24 | $3.29 | $0.96 | ||
| Q2 24 | $2.60 | $2.03 | ||
| Q1 24 | $-0.23 | $0.97 |
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 | $896.5M |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $2.4B | $10.2B |
| 总资产 | $19.4B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资MSITAP
| Q4 25 | $1.2B | $896.5M | ||
| Q3 25 | $894.0M | $950.2M | ||
| Q2 25 | $3.2B | $613.8M | ||
| Q1 25 | $1.6B | $412.7M | ||
| Q4 24 | $2.1B | $969.3M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.5B | $458.4M |
总债务MSITAP
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.2B |
股东权益MSITAP
| Q4 25 | $2.4B | $10.2B | ||
| Q3 25 | $2.3B | $10.3B | ||
| Q2 25 | $2.0B | $13.4B | ||
| Q1 25 | $1.6B | $13.1B | ||
| Q4 24 | $1.7B | $13.1B | ||
| Q3 24 | $1.3B | $13.3B | ||
| Q2 24 | $802.0M | $13.2B | ||
| Q1 24 | $521.0M | $13.1B |
总资产MSITAP
| Q4 25 | $19.4B | $22.7B | ||
| Q3 25 | $18.8B | $22.9B | ||
| Q2 25 | $16.4B | $26.8B | ||
| Q1 25 | $14.4B | $25.9B | ||
| Q4 24 | $14.6B | $26.1B | ||
| Q3 24 | $13.9B | $26.6B | ||
| Q2 24 | $13.3B | $27.4B | ||
| Q1 24 | $13.3B | $26.1B |
负债/权益比MSITAP
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $357.8M |
| 自由现金流率自由现金流/营收 | 33.8% | 11.4% |
| 资本支出强度资本支出/营收 | 3.4% | 5.9% |
| 现金转化率经营现金流/净利润 | 1.94× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流MSITAP
| Q4 25 | $1.3B | $540.7M | ||
| Q3 25 | $798.0M | $616.1M | ||
| Q2 25 | $273.0M | $718.3M | ||
| Q1 25 | $510.0M | $-90.7M | ||
| Q4 24 | $1.1B | $494.5M | ||
| Q3 24 | $759.0M | $521.2M | ||
| Q2 24 | $180.0M | $869.2M | ||
| Q1 24 | $382.0M | $25.4M |
自由现金流MSITAP
| Q4 25 | $1.1B | $357.8M | ||
| Q3 25 | $732.0M | $483.0M | ||
| Q2 25 | $225.0M | $555.0M | ||
| Q1 25 | $473.0M | $-328.0M | ||
| Q4 24 | $984.0M | $383.4M | ||
| Q3 24 | $702.0M | $350.4M | ||
| Q2 24 | $112.0M | $691.7M | ||
| Q1 24 | $336.0M | $-189.3M |
自由现金流率MSITAP
| Q4 25 | 33.8% | 11.4% | ||
| Q3 25 | 24.3% | 13.9% | ||
| Q2 25 | 8.1% | 14.8% | ||
| Q1 25 | 18.7% | -12.2% | ||
| Q4 24 | 32.7% | 11.8% | ||
| Q3 24 | 25.2% | 9.7% | ||
| Q2 24 | 4.3% | 18.0% | ||
| Q1 24 | 14.1% | -6.2% |
资本支出强度MSITAP
| Q4 25 | 3.4% | 5.9% | ||
| Q3 25 | 2.2% | 3.8% | ||
| Q2 25 | 1.7% | 4.4% | ||
| Q1 25 | 1.5% | 8.8% | ||
| Q4 24 | 2.9% | 3.4% | ||
| Q3 24 | 2.0% | 4.7% | ||
| Q2 24 | 2.6% | 4.6% | ||
| Q1 24 | 1.9% | 7.0% |
现金转化率MSITAP
| Q4 25 | 1.94× | 2.27× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.53× | 1.68× | ||
| Q1 25 | 1.19× | -0.75× | ||
| Q4 24 | 1.75× | 1.72× | ||
| Q3 24 | 1.35× | 2.61× | ||
| Q2 24 | 0.41× | 2.04× | ||
| Q1 24 | — | 0.12× |
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% |
TAP
暂无分部数据
