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摩托罗拉解决方案（MSI）与百胜餐饮集团（YUM）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百胜餐饮集团的1.3倍（$3.4B vs $2.5B），百胜餐饮集团净利率更高（21.3% vs 19.2%，领先2.1%），摩托罗拉解决方案同比增速更快（12.3% vs 6.5%），摩托罗拉解决方案自由现金流更多（$1.1B vs $482.0M），过去两年百胜餐饮集团的营收复合增速更高（25.5% 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。
百胜餐饮集团是美国跨国快餐企业，前身为百事可乐1977年收购肯德基、必胜客、塔可贝尔后成立的子公司，1997年从百事可乐分拆独立。目前集团运营肯德基、必胜客、塔可贝尔、哈比特汉堡等知名餐饮品牌，同时持有多家科技公司为业务发展提供支持。
MSI vs YUM — 直观对比
营收规模更大
MSI
是对方的1.3倍
$2.5B
营收增速更快
MSI
高出5.8%
6.5%
净利率更高
YUM
高出2.1%
19.2%
自由现金流更多
MSI
多$660.0M
$482.0M
两年增速更快
YUM
近两年复合增速
18.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.5B |
| 净利润 | $649.0M | $535.0M |
| 毛利率 | 52.3% | 67.6% |
| 营业利润率 | 27.9% | 29.3% |
| 净利率 | 19.2% | 21.3% |
| 营收同比 | 12.3% | 6.5% |
| 净利润同比 | 6.2% | 26.5% |
| 每股收益（稀释后） | $3.85 | $1.91 |
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MSIYUM
| Q4 25 | $3.4B | $2.5B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $2.8B | $1.9B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.4B | $1.6B |
净利润MSIYUM
| Q4 25 | $649.0M | $535.0M | ||
| Q3 25 | $562.0M | $397.0M | ||
| Q2 25 | $513.0M | $374.0M | ||
| Q1 25 | $430.0M | $253.0M | ||
| Q4 24 | $611.0M | $423.0M | ||
| Q3 24 | $562.0M | $382.0M | ||
| Q2 24 | $443.0M | $367.0M | ||
| Q1 24 | $-39.0M | $314.0M |
毛利率MSIYUM
| Q4 25 | 52.3% | 67.6% | ||
| Q3 25 | 51.6% | 70.3% | ||
| Q2 25 | 51.1% | 71.0% | ||
| Q1 25 | 51.4% | 70.9% | ||
| Q4 24 | 51.4% | 69.2% | ||
| Q3 24 | 51.4% | 71.4% | ||
| Q2 24 | 51.0% | 73.3% | ||
| Q1 24 | 49.9% | 75.0% |
营业利润率MSIYUM
| Q4 25 | 27.9% | 29.3% | ||
| Q3 25 | 25.6% | 33.7% | ||
| Q2 25 | 25.0% | 32.2% | ||
| Q1 25 | 23.0% | 30.7% | ||
| Q4 24 | 27.0% | 27.8% | ||
| Q3 24 | 25.5% | 33.9% | ||
| Q2 24 | 24.5% | 34.4% | ||
| Q1 24 | 21.7% | 32.5% |
净利率MSIYUM
| Q4 25 | 19.2% | 21.3% | ||
| Q3 25 | 18.7% | 20.1% | ||
| Q2 25 | 18.6% | 19.3% | ||
| Q1 25 | 17.0% | 14.2% | ||
| Q4 24 | 20.3% | 17.9% | ||
| Q3 24 | 20.1% | 20.9% | ||
| Q2 24 | 16.9% | 20.8% | ||
| Q1 24 | -1.6% | 19.6% |
每股收益（稀释后）MSIYUM
| Q4 25 | $3.85 | $1.91 | ||
| Q3 25 | $3.33 | $1.41 | ||
| Q2 25 | $3.04 | $1.33 | ||
| Q1 25 | $2.53 | $0.90 | ||
| Q4 24 | $3.57 | $1.49 | ||
| Q3 24 | $3.29 | $1.35 | ||
| Q2 24 | $2.60 | $1.28 | ||
| Q1 24 | $-0.23 | $1.10 |
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 | $709.0M |
| 总债务越低越好 | — | $11.9B |
| 股东权益账面价值 | $2.4B | $-7.3B |
| 总资产 | $19.4B | $8.2B |
| 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MSIYUM
| Q4 25 | $1.2B | $709.0M | ||
| Q3 25 | $894.0M | $1.0B | ||
| Q2 25 | $3.2B | $677.0M | ||
| Q1 25 | $1.6B | $607.0M | ||
| Q4 24 | $2.1B | $707.0M | ||
| Q3 24 | $1.4B | $548.0M | ||
| Q2 24 | $1.4B | $520.0M | ||
| Q1 24 | $1.5B | $652.0M |
总债务MSIYUM
| Q4 25 | — | $11.9B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $11.3B | ||
| Q4 24 | — | $11.3B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.1B |
股东权益MSIYUM
| Q4 25 | $2.4B | $-7.3B | ||
| Q3 25 | $2.3B | $-7.5B | ||
| Q2 25 | $2.0B | $-7.7B | ||
| Q1 25 | $1.6B | $-7.8B | ||
| Q4 24 | $1.7B | $-7.6B | ||
| Q3 24 | $1.3B | $-7.7B | ||
| Q2 24 | $802.0M | $-7.6B | ||
| Q1 24 | $521.0M | $-7.8B |
总资产MSIYUM
| Q4 25 | $19.4B | $8.2B | ||
| Q3 25 | $18.8B | $7.2B | ||
| Q2 25 | $16.4B | $6.9B | ||
| Q1 25 | $14.4B | $6.7B | ||
| Q4 24 | $14.6B | $6.7B | ||
| Q3 24 | $13.9B | $6.5B | ||
| Q2 24 | $13.3B | $6.4B | ||
| Q1 24 | $13.3B | $6.2B |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $482.0M |
| 自由现金流率自由现金流/营收 | 33.8% | 19.2% |
| 资本支出强度资本支出/营收 | 3.4% | 5.4% |
| 现金转化率经营现金流/净利润 | 1.94× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.6B |
8季度趋势，按日历期对齐
经营现金流MSIYUM
| Q4 25 | $1.3B | $617.0M | ||
| Q3 25 | $798.0M | $543.0M | ||
| Q2 25 | $273.0M | $446.0M | ||
| Q1 25 | $510.0M | $404.0M | ||
| Q4 24 | $1.1B | $513.0M | ||
| Q3 24 | $759.0M | $471.0M | ||
| Q2 24 | $180.0M | $342.0M | ||
| Q1 24 | $382.0M | $363.0M |
自由现金流MSIYUM
| Q4 25 | $1.1B | $482.0M | ||
| Q3 25 | $732.0M | $449.0M | ||
| Q2 25 | $225.0M | $375.0M | ||
| Q1 25 | $473.0M | $333.0M | ||
| Q4 24 | $984.0M | $407.0M | ||
| Q3 24 | $702.0M | $419.0M | ||
| Q2 24 | $112.0M | $292.0M | ||
| Q1 24 | $336.0M | $314.0M |
自由现金流率MSIYUM
| Q4 25 | 33.8% | 19.2% | ||
| Q3 25 | 24.3% | 22.7% | ||
| Q2 25 | 8.1% | 19.4% | ||
| Q1 25 | 18.7% | 18.6% | ||
| Q4 24 | 32.7% | 17.2% | ||
| Q3 24 | 25.2% | 22.9% | ||
| Q2 24 | 4.3% | 16.6% | ||
| Q1 24 | 14.1% | 19.6% |
资本支出强度MSIYUM
| Q4 25 | 3.4% | 5.4% | ||
| Q3 25 | 2.2% | 4.7% | ||
| Q2 25 | 1.7% | 3.7% | ||
| Q1 25 | 1.5% | 4.0% | ||
| Q4 24 | 2.9% | 4.5% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 2.6% | 2.8% | ||
| Q1 24 | 1.9% | 3.1% |
现金转化率MSIYUM
| Q4 25 | 1.94× | 1.15× | ||
| Q3 25 | 1.42× | 1.37× | ||
| Q2 25 | 0.53× | 1.19× | ||
| Q1 25 | 1.19× | 1.60× | ||
| Q4 24 | 1.75× | 1.21× | ||
| Q3 24 | 1.35× | 1.23× | ||
| Q2 24 | 0.41× | 0.93× | ||
| Q1 24 | — | 1.16× |
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% |
YUM
| Other | $1.5B | 59% |
| Advertising | $547.0M | 22% |
| Pizza Hut Global Division | $303.0M | 12% |
| The Habit Burger Grill Global Division | $174.0M | 7% |
| Real Estate | $4.0M | 0% |
