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Motorola Solutions vs Qualcomm: revenue, profit, margins and growth compared

Motorola Solutions brought in $11.7B of revenue in fiscal 2025, Qualcomm $44.3B in fiscal 2025. Revenue changed by +8.0% at Motorola Solutions and +13.7% at Qualcomm on the year before, so Qualcomm grew faster. Motorola Solutions kept 18.4% of its revenue as net profit, Qualcomm 12.5%. Free cash flow was $2.6B at Motorola Solutions and $12.8B at Qualcomm.

Side by side, latest fiscal year

MSIQCOM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 28, 2025)
Revenue$11.7B$44.3B
Revenue growth+8.0%+13.7%
Net income$2.2B$5.5B
Net margin18.4%12.5%
Free cash flow$2.6B$12.8B
Free cash flow margin22.0%28.9%
Earnings per share (diluted)$12.75$5.01
Cash$1.2B$5.5B
Debt$8.4B$14.8B
Price to earnings35.840.3
Market value$75.6B$212.1B
Dividend yield0.98%1.72%
Rank by revenue in sector#53 of 530 · Technology#17 of 530 · Technology

Over the years

Revenue
MSI FY2018: $7.3BMSI FY2019: $7.9BMSI FY2020: $7.4BMSI FY2021: $8.2BMSI FY2022: $9.1BMSI FY2023: $10BMSI FY2024: $10.8BMSI FY2025: $11.7BQCOM FY2018: $22.6BQCOM FY2019: $24.3BQCOM FY2020: $23.5BQCOM FY2021: $33.6BQCOM FY2022: $44.2BQCOM FY2023: $35.8BQCOM FY2024: $39BQCOM FY2025: $44.3BFY18FY19FY20FY21FY22FY23FY24FY25
MSI $11.7BQCOM $44.3B
Net income
MSI FY2018: $966MMSI FY2019: $868MMSI FY2020: $949MMSI FY2021: $1.2BMSI FY2022: $1.4BMSI FY2023: $1.7BMSI FY2024: $1.6BMSI FY2025: $2.2BQCOM FY2018: -$5BQCOM FY2019: $4.4BQCOM FY2020: $5.2BQCOM FY2021: $9BQCOM FY2022: $12.9BQCOM FY2023: $7.2BQCOM FY2024: $10.1BQCOM FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
MSI $2.2BQCOM $5.5B
Net margin
MSI FY2018: 13.2%MSI FY2019: 11.0%MSI FY2020: 12.8%MSI FY2021: 15.2%MSI FY2022: 15.0%MSI FY2023: 17.1%MSI FY2024: 14.6%MSI FY2025: 18.4%QCOM FY2018: -22.0%QCOM FY2019: 18.1%QCOM FY2020: 22.1%QCOM FY2021: 26.9%QCOM FY2022: 29.3%QCOM FY2023: 20.2%QCOM FY2024: 26.0%QCOM FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25
MSI 18.4%QCOM 12.5%
Revenue growth
MSI FY2019: +7.4%MSI FY2020: -6.0%MSI FY2021: +10.2%MSI FY2022: +11.5%MSI FY2023: +9.5%MSI FY2024: +8.4%MSI FY2025: +8.0%QCOM FY2019: +7.4%QCOM FY2020: -3.1%QCOM FY2021: +42.6%QCOM FY2022: +31.7%QCOM FY2023: -19.0%QCOM FY2024: +8.8%QCOM FY2025: +13.7%FY19FY20FY21FY22FY23FY24FY25
MSI +8.0%QCOM +13.7%
Free cash flow
MSI FY2018: $878MMSI FY2019: $1.6BMSI FY2020: $1.4BMSI FY2021: $1.6BMSI FY2022: $1.6BMSI FY2023: $1.8BMSI FY2024: $2.1BMSI FY2025: $2.6BQCOM FY2018: $3.1BQCOM FY2019: $6.4BQCOM FY2020: $4.4BQCOM FY2021: $8.6BQCOM FY2022: $6.8BQCOM FY2023: $9.8BQCOM FY2024: $11.2BQCOM FY2025: $12.8BFY18FY19FY20FY21FY22FY23FY24FY25
MSI $2.6BQCOM $12.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Motorola Solutions and Qualcomm

Which is bigger by revenue, Motorola Solutions or Qualcomm?

Qualcomm is bigger by revenue: $44.3B in fiscal 2025, against $11.7B for Motorola Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Motorola Solutions or Qualcomm?

Motorola Solutions had a net margin of 18.4% in fiscal 2025; Qualcomm had 12.5% in fiscal 2025.

Which grew revenue faster, Motorola Solutions or Qualcomm?

In their latest fiscal years revenue changed by +8.0% at Motorola Solutions and +13.7% at Qualcomm.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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