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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) 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 $1.8B, roughly 1.9× F&G Annuities & Life, Inc.). Motorola Solutions runs the higher net margin — 19.2% vs 7.3%, a 11.9% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 12.3%). Over the past eight quarters, Motorola Solutions's revenue compounded faster (18.9% CAGR vs 6.1%).

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

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.

FG vs MSI — Head-to-Head

Bigger by revenue
MSI
MSI
1.9× larger
MSI
$3.4B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+0.9% gap
FG
13.2%
12.3%
MSI
Higher net margin
MSI
MSI
11.9% more per $
MSI
19.2%
7.3%
FG
Faster 2-yr revenue CAGR
MSI
MSI
Annualised
MSI
18.9%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
MSI
MSI
Revenue
$1.8B
$3.4B
Net Profit
$128.0M
$649.0M
Gross Margin
52.3%
Operating Margin
27.9%
Net Margin
7.3%
19.2%
Revenue YoY
13.2%
12.3%
Net Profit YoY
-60.9%
6.2%
EPS (diluted)
$0.97
$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
FG
FG
MSI
MSI
Q4 25
$1.8B
$3.4B
Q3 25
$1.7B
$3.0B
Q2 25
$1.4B
$2.8B
Q1 25
$908.0M
$2.5B
Q4 24
$1.6B
$3.0B
Q3 24
$1.4B
$2.8B
Q2 24
$1.2B
$2.6B
Q1 24
$1.6B
$2.4B
Net Profit
FG
FG
MSI
MSI
Q4 25
$128.0M
$649.0M
Q3 25
$118.0M
$562.0M
Q2 25
$40.0M
$513.0M
Q1 25
$-21.0M
$430.0M
Q4 24
$327.0M
$611.0M
Q3 24
$-6.0M
$562.0M
Q2 24
$203.0M
$443.0M
Q1 24
$115.0M
$-39.0M
Gross Margin
FG
FG
MSI
MSI
Q4 25
52.3%
Q3 25
51.6%
Q2 25
51.1%
Q1 25
51.4%
Q4 24
51.4%
Q3 24
51.4%
Q2 24
51.0%
Q1 24
49.9%
Operating Margin
FG
FG
MSI
MSI
Q4 25
27.9%
Q3 25
25.6%
Q2 25
25.0%
Q1 25
23.0%
Q4 24
27.0%
Q3 24
25.5%
Q2 24
24.5%
Q1 24
21.7%
Net Margin
FG
FG
MSI
MSI
Q4 25
7.3%
19.2%
Q3 25
7.0%
18.7%
Q2 25
2.9%
18.6%
Q1 25
-2.3%
17.0%
Q4 24
21.0%
20.3%
Q3 24
-0.4%
20.1%
Q2 24
17.3%
16.9%
Q1 24
7.3%
-1.6%
EPS (diluted)
FG
FG
MSI
MSI
Q4 25
$0.97
$3.85
Q3 25
$0.85
$3.33
Q2 25
$0.26
$3.04
Q1 25
$-0.20
$2.53
Q4 24
$2.53
$3.57
Q3 24
$-0.08
$3.29
Q2 24
$1.55
$2.60
Q1 24
$0.88
$-0.23

Balance Sheet & Financial Strength

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

Metric
FG
FG
MSI
MSI
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.2B
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$4.8B
$2.4B
Total Assets
$98.4B
$19.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
MSI
MSI
Q4 25
$1.5B
$1.2B
Q3 25
$2.2B
$894.0M
Q2 25
$1.9B
$3.2B
Q1 25
$3.3B
$1.6B
Q4 24
$2.3B
$2.1B
Q3 24
$3.5B
$1.4B
Q2 24
$3.5B
$1.4B
Q1 24
$2.4B
$1.5B
Total Debt
FG
FG
MSI
MSI
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.7B
Stockholders' Equity
FG
FG
MSI
MSI
Q4 25
$4.8B
$2.4B
Q3 25
$4.8B
$2.3B
Q2 25
$4.4B
$2.0B
Q1 25
$4.4B
$1.6B
Q4 24
$4.0B
$1.7B
Q3 24
$4.3B
$1.3B
Q2 24
$3.7B
$802.0M
Q1 24
$3.5B
$521.0M
Total Assets
FG
FG
MSI
MSI
Q4 25
$98.4B
$19.4B
Q3 25
$96.1B
$18.8B
Q2 25
$91.8B
$16.4B
Q1 25
$88.0B
$14.4B
Q4 24
$85.0B
$14.6B
Q3 24
$84.1B
$13.9B
Q2 24
$78.5B
$13.3B
Q1 24
$74.4B
$13.3B
Debt / Equity
FG
FG
MSI
MSI
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

Cash Flow & Capital Efficiency

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

Metric
FG
FG
MSI
MSI
Operating Cash FlowLast quarter
$1.2B
$1.3B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
33.8%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
9.13×
1.94×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
MSI
MSI
Q4 25
$1.2B
$1.3B
Q3 25
$937.0M
$798.0M
Q2 25
$1.6B
$273.0M
Q1 25
$956.0M
$510.0M
Q4 24
$1.3B
$1.1B
Q3 24
$2.1B
$759.0M
Q2 24
$1.1B
$180.0M
Q1 24
$1.5B
$382.0M
Free Cash Flow
FG
FG
MSI
MSI
Q4 25
$1.1B
Q3 25
$732.0M
Q2 25
$225.0M
Q1 25
$473.0M
Q4 24
$984.0M
Q3 24
$702.0M
Q2 24
$112.0M
Q1 24
$336.0M
FCF Margin
FG
FG
MSI
MSI
Q4 25
33.8%
Q3 25
24.3%
Q2 25
8.1%
Q1 25
18.7%
Q4 24
32.7%
Q3 24
25.2%
Q2 24
4.3%
Q1 24
14.1%
Capex Intensity
FG
FG
MSI
MSI
Q4 25
3.4%
Q3 25
2.2%
Q2 25
1.7%
Q1 25
1.5%
Q4 24
2.9%
Q3 24
2.0%
Q2 24
2.6%
Q1 24
1.9%
Cash Conversion
FG
FG
MSI
MSI
Q4 25
9.13×
1.94×
Q3 25
7.94×
1.42×
Q2 25
40.50×
0.53×
Q1 25
1.19×
Q4 24
4.04×
1.75×
Q3 24
1.35×
Q2 24
5.20×
0.41×
Q1 24
13.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

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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