Motorola Solutions
MSI · Communications Equipment
$481.83
0.8%Ubiquiti
UI · Communications Equipment
$587.42
1.4%The short version
- Motorola Solutions is the larger business, with $11.7B of revenue in fiscal 2025 against $3.3B for Ubiquiti, about 3.6 times as much.
- Ubiquiti grew revenue faster (27.2%, against 8.0%).
- Ubiquiti kept more of each dollar of sales as operating profit (36.2% operating margin, against 25.6% operating margin).
- Ubiquiti turned more of its sales into free cash flow (27.8% FCF margin, against 22.0% FCF margin).
- Ubiquiti earned a higher return on the capital invested in it (104.2%, against 28.6%).
- Investors pay more for each dollar of Motorola Solutions’s earnings: a P/E of 37.9x against 37.1x for Ubiquiti.
| Latest fiscal year | MSI · FY25 | UI · FY26 |
|---|---|---|
| Size | ||
| Market cap | $80.6B | $35.6B |
| Revenue | $11.7B | $3.3B |
| Free cash flow | $2.6B | $909M |
| Net income | $2.2B | $960M |
| Growth | ||
| Revenue growth | 8.0% | 27.2% |
| 5-year growth | 9.5% | 11.5% |
| Share count change | −1.1% | 0.1% |
| Profitability | ||
| Gross margin | 51.7% | 46.2% |
| Operating margin | 25.6% | 36.2% |
| Net margin | 18.4% | 29.3% |
| FCF margin | 22.0% | 27.8% |
| Return on capital | 28.6% | 104.2% |
| Return on equity | 104.7% | 91.1% |
| Balance sheet | ||
| Net debt | $8.0B | −$611M |
| Net debt / EBITDA | 2.3x | −0.5x |
| Dividends and buybacks | $1.9B | $194M |
| Valuation & quality | ||
| P/E | 37.9x | 37.1x |
| Piotroski F-score | 6 | 7 |
FY17
MSI $6.4B
UI $865M
FY18
MSI $7.3B
UI $1.0B
FY19
MSI $7.9B
UI $1.2B
FY20
MSI $7.4B
UI $1.3B
FY21
MSI $8.2B
UI $1.9B
FY22
MSI $9.1B
UI $1.7B
FY23
MSI $10.0B
UI $1.9B
FY24
MSI $10.8B
UI $1.9B
FY25
MSI $11.7B
UI $2.6B
FY26
MSI —
UI $3.3B
MSI
UI
FY17
MSI 20.1%
UI 33.5%
FY18
MSI 17.1%
UI 32.1%
FY19
MSI 20.1%
UI 33.9%
FY20
MSI 18.7%
UI 37.2%
FY21
MSI 20.4%
UI 39.1%
FY22
MSI 18.2%
UI 27.3%
FY23
MSI 23.0%
UI 28.1%
FY24
MSI 24.9%
UI 25.9%
FY25
MSI 25.6%
UI 32.5%
FY26
MSI —
UI 36.2%
MSI
UI
FY17
MSI $1.1B
UI $105M
FY18
MSI $878M
UI $323M
FY19
MSI $1.6B
UI $208M
FY20
MSI $1.4B
UI $430M
FY21
MSI $1.6B
UI $594M
FY22
MSI $1.6B
UI $357M
FY23
MSI $1.8B
UI −$166M
FY24
MSI $2.1B
UI $530M
FY25
MSI $2.6B
UI $627M
FY26
MSI —
UI $909M
MSI
UI
FY17
MSI 32.0%
UI 140.2%
FY18
MSI 51.0%
UI 94.7%
FY19
MSI 43.9%
UI 138.9%
FY20
MSI 32.7%
UI 144.4%
FY21
MSI 37.3%
UI 246.9%
FY22
MSI 34.8%
UI 324.6%
FY23
MSI 37.1%
UI 106.2%
FY24
MSI 40.4%
UI 51.5%
FY25
MSI 28.6%
UI 85.4%
FY26
MSI —
UI 104.2%
MSI
UI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.