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Side-by-side financial comparison of Quest Diagnostics (DGX) and Motorola Solutions (MSI). Click either name above to swap in a different company.

Motorola Solutions is the larger business by last-quarter revenue ($3.4B vs $2.9B, roughly 1.2× Quest Diagnostics). Motorola Solutions runs the higher net margin — 19.2% vs 9.7%, a 9.5% gap on every dollar of revenue. On growth, Motorola Solutions posted the faster year-over-year revenue change (12.3% vs 9.2%). Over the past eight quarters, Motorola Solutions's revenue compounded faster (18.9% CAGR vs 9.9%).

Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc.

DGX vs MSI — Head-to-Head

Bigger by revenue
MSI
MSI
1.2× larger
MSI
$3.4B
$2.9B
DGX
Growing faster (revenue YoY)
MSI
MSI
+3.1% gap
MSI
12.3%
9.2%
DGX
Higher net margin
MSI
MSI
9.5% more per $
MSI
19.2%
9.7%
DGX
Faster 2-yr revenue CAGR
MSI
MSI
Annualised
MSI
18.9%
9.9%
DGX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DGX
DGX
MSI
MSI
Revenue
$2.9B
$3.4B
Net Profit
$281.0M
$649.0M
Gross Margin
52.3%
Operating Margin
15.4%
27.9%
Net Margin
9.7%
19.2%
Revenue YoY
9.2%
12.3%
Net Profit YoY
12.0%
6.2%
EPS (diluted)
$2.24
$3.85

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DGX
DGX
MSI
MSI
Q1 26
$2.9B
Q4 25
$2.8B
$3.4B
Q3 25
$2.8B
$3.0B
Q2 25
$2.8B
$2.8B
Q1 25
$2.7B
$2.5B
Q4 24
$2.6B
$3.0B
Q3 24
$2.5B
$2.8B
Q2 24
$2.4B
$2.6B
Net Profit
DGX
DGX
MSI
MSI
Q1 26
$281.0M
Q4 25
$245.0M
$649.0M
Q3 25
$245.0M
$562.0M
Q2 25
$282.0M
$513.0M
Q1 25
$220.0M
$430.0M
Q4 24
$222.0M
$611.0M
Q3 24
$226.0M
$562.0M
Q2 24
$229.0M
$443.0M
Gross Margin
DGX
DGX
MSI
MSI
Q1 26
Q4 25
32.4%
52.3%
Q3 25
33.7%
51.6%
Q2 25
34.2%
51.1%
Q1 25
32.5%
51.4%
Q4 24
32.7%
51.4%
Q3 24
32.6%
51.4%
Q2 24
33.5%
51.0%
Operating Margin
DGX
DGX
MSI
MSI
Q1 26
15.4%
Q4 25
13.8%
27.9%
Q3 25
13.7%
25.6%
Q2 25
15.9%
25.0%
Q1 25
13.0%
23.0%
Q4 24
13.8%
27.0%
Q3 24
13.3%
25.5%
Q2 24
14.8%
24.5%
Net Margin
DGX
DGX
MSI
MSI
Q1 26
9.7%
Q4 25
8.7%
19.2%
Q3 25
8.7%
18.7%
Q2 25
10.2%
18.6%
Q1 25
8.3%
17.0%
Q4 24
8.5%
20.3%
Q3 24
9.1%
20.1%
Q2 24
9.6%
16.9%
EPS (diluted)
DGX
DGX
MSI
MSI
Q1 26
$2.24
Q4 25
$2.18
$3.85
Q3 25
$2.16
$3.33
Q2 25
$2.47
$3.04
Q1 25
$1.94
$2.53
Q4 24
$1.95
$3.57
Q3 24
$1.99
$3.29
Q2 24
$2.03
$2.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DGX
DGX
MSI
MSI
Cash + ST InvestmentsLiquidity on hand
$393.0M
$1.2B
Total DebtLower is stronger
$5.7B
Stockholders' EquityBook value
$7.7B
$2.4B
Total Assets
$16.7B
$19.4B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGX
DGX
MSI
MSI
Q1 26
$393.0M
Q4 25
$420.0M
$1.2B
Q3 25
$432.0M
$894.0M
Q2 25
$319.0M
$3.2B
Q1 25
$188.0M
$1.6B
Q4 24
$549.0M
$2.1B
Q3 24
$764.0M
$1.4B
Q2 24
$271.0M
$1.4B
Total Debt
DGX
DGX
MSI
MSI
Q1 26
$5.7B
Q4 25
$5.2B
Q3 25
$5.2B
Q2 25
$5.2B
Q1 25
$5.9B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$3.8B
Stockholders' Equity
DGX
DGX
MSI
MSI
Q1 26
$7.7B
Q4 25
$7.2B
$2.4B
Q3 25
$7.3B
$2.3B
Q2 25
$7.2B
$2.0B
Q1 25
$6.9B
$1.6B
Q4 24
$6.8B
$1.7B
Q3 24
$6.8B
$1.3B
Q2 24
$6.6B
$802.0M
Total Assets
DGX
DGX
MSI
MSI
Q1 26
$16.7B
Q4 25
$16.2B
$19.4B
Q3 25
$16.2B
$18.8B
Q2 25
$16.0B
$16.4B
Q1 25
$15.8B
$14.4B
Q4 24
$16.2B
$14.6B
Q3 24
$16.1B
$13.9B
Q2 24
$13.9B
$13.3B
Debt / Equity
DGX
DGX
MSI
MSI
Q1 26
0.74×
Q4 25
0.72×
Q3 25
0.71×
Q2 25
0.72×
Q1 25
0.85×
Q4 24
0.83×
Q3 24
0.83×
Q2 24
0.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DGX
DGX
MSI
MSI
Operating Cash FlowLast quarter
$278.0M
$1.3B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
33.8%
Capex IntensityCapex / Revenue
3.9%
3.4%
Cash ConversionOCF / Net Profit
0.99×
1.94×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGX
DGX
MSI
MSI
Q1 26
$278.0M
Q4 25
$465.0M
$1.3B
Q3 25
$563.0M
$798.0M
Q2 25
$544.0M
$273.0M
Q1 25
$314.0M
$510.0M
Q4 24
$464.0M
$1.1B
Q3 24
$356.0M
$759.0M
Q2 24
$360.0M
$180.0M
Free Cash Flow
DGX
DGX
MSI
MSI
Q1 26
Q4 25
$307.0M
$1.1B
Q3 25
$419.0M
$732.0M
Q2 25
$436.0M
$225.0M
Q1 25
$197.0M
$473.0M
Q4 24
$341.0M
$984.0M
Q3 24
$250.0M
$702.0M
Q2 24
$268.0M
$112.0M
FCF Margin
DGX
DGX
MSI
MSI
Q1 26
Q4 25
10.9%
33.8%
Q3 25
14.9%
24.3%
Q2 25
15.8%
8.1%
Q1 25
7.4%
18.7%
Q4 24
13.0%
32.7%
Q3 24
10.0%
25.2%
Q2 24
11.2%
4.3%
Capex Intensity
DGX
DGX
MSI
MSI
Q1 26
3.9%
Q4 25
5.6%
3.4%
Q3 25
5.1%
2.2%
Q2 25
3.9%
1.7%
Q1 25
4.4%
1.5%
Q4 24
4.7%
2.9%
Q3 24
4.3%
2.0%
Q2 24
3.8%
2.6%
Cash Conversion
DGX
DGX
MSI
MSI
Q1 26
0.99×
Q4 25
1.90×
1.94×
Q3 25
2.30×
1.42×
Q2 25
1.93×
0.53×
Q1 25
1.43×
1.19×
Q4 24
2.09×
1.75×
Q3 24
1.58×
1.35×
Q2 24
1.57×
0.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DGX
DGX

Segment breakdown not available.

MSI
MSI

Product And Systems Integration Segment$1.5B45%
Services And Software Segment$833.0M25%
Sales Channel Through Intermediary$772.0M23%
Command Center Software$258.0M8%

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