Motorola Solutions
MSI · Communications Equipment
$481.83
0.8%Viasat
VSAT · Communications Equipment
$61.47
4.2%The short version
- Motorola Solutions is the larger business, with $11.7B of revenue in fiscal 2025 against $4.6B for Viasat, about 2.5 times as much.
- Motorola Solutions grew revenue faster (8.0%, against 2.7%).
- Motorola Solutions kept more of each dollar of sales as operating profit (25.6% operating margin, against 2.3% operating margin).
- Viasat turned more of its sales into free cash flow (32.2% FCF margin, against 22.0% FCF margin).
- Motorola Solutions earned a higher return on the capital invested in it (28.6%, against 0.6%).
| Latest fiscal year | MSI · FY25 | VSAT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $80.6B | $8.4B |
| Revenue | $11.7B | $4.6B |
| Free cash flow | $2.6B | $1.5B |
| Net income | $2.2B | −$34.1M |
| Growth | ||
| Revenue growth | 8.0% | 2.7% |
| 5-year growth | 9.5% | 19.3% |
| Share count change | −1.1% | 4.9% |
| Profitability | ||
| Gross margin | 51.7% | — |
| Operating margin | 25.6% | 2.3% |
| Net margin | 18.4% | −0.7% |
| FCF margin | 22.0% | 32.2% |
| Return on capital | 28.6% | 0.6% |
| Return on equity | 104.7% | −0.7% |
| Balance sheet | ||
| Net debt | $8.0B | $4.8B |
| Net debt / EBITDA | 2.3x | 3.3x |
| Dividends and buybacks | $1.9B | $0.0M |
| Valuation & quality | ||
| P/E | 37.9x | — |
| Piotroski F-score | 6 | 6 |
FY17
MSI $6.4B
VSAT $1.6B
FY18
MSI $7.3B
VSAT $1.6B
FY19
MSI $7.9B
VSAT $2.1B
FY20
MSI $7.4B
VSAT $2.3B
FY21
MSI $8.2B
VSAT $1.9B
FY22
MSI $9.1B
VSAT $2.4B
FY23
MSI $10.0B
VSAT $2.6B
FY24
MSI $10.8B
VSAT $4.3B
FY25
MSI $11.7B
VSAT $4.5B
FY26
MSI —
VSAT $4.6B
MSI
VSAT
FY17
MSI 20.1%
VSAT 2.3%
FY18
MSI 17.1%
VSAT −5.8%
FY19
MSI 20.1%
VSAT −2.9%
FY20
MSI 18.7%
VSAT 1.7%
FY21
MSI 20.4%
VSAT −2.4%
FY22
MSI 18.2%
VSAT −4.7%
FY23
MSI 23.0%
VSAT −6.1%
FY24
MSI 24.9%
VSAT −20.8%
FY25
MSI 25.6%
VSAT −2.2%
FY26
MSI —
VSAT 2.3%
MSI
VSAT
FY17
MSI $1.1B
VSAT −$103M
FY18
MSI $878M
VSAT −$153M
FY19
MSI $1.6B
VSAT −$309M
FY20
MSI $1.4B
VSAT −$257M
FY21
MSI $1.6B
VSAT −$100M
FY22
MSI $1.6B
VSAT −$433M
FY23
MSI $1.8B
VSAT −$709M
FY24
MSI $2.1B
VSAT $611M
FY25
MSI $2.6B
VSAT $830M
FY26
MSI —
VSAT $1.5B
MSI
VSAT
FY17
MSI 32.0%
VSAT 1.4%
FY18
MSI 51.0%
VSAT −2.8%
FY19
MSI 43.9%
VSAT −1.6%
FY20
MSI 32.7%
VSAT 1.1%
FY21
MSI 37.3%
VSAT −1.0%
FY22
MSI 34.8%
VSAT −2.0%
FY23
MSI 37.1%
VSAT −2.5%
FY24
MSI 40.4%
VSAT −9.0%
FY25
MSI 28.6%
VSAT −0.7%
FY26
MSI —
VSAT 0.6%
MSI
VSAT
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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.