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Side-by-side financial comparison of Motorola Solutions (MSI) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.

Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $3.4B, roughly 1.2× Motorola Solutions). Motorola Solutions runs the higher net margin — 19.2% vs 12.9%, a 6.3% gap on every dollar of revenue.

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.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

MSI vs VIK — Head-to-Head

Bigger by revenue
VIK
VIK
1.2× larger
VIK
$4.0B
$3.4B
MSI
Higher net margin
MSI
MSI
6.3% more per $
MSI
19.2%
12.9%
VIK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MSI
MSI
VIK
VIK
Revenue
$3.4B
$4.0B
Net Profit
$649.0M
$514.0M
Gross Margin
52.3%
73.4%
Operating Margin
27.9%
15.2%
Net Margin
19.2%
12.9%
Revenue YoY
12.3%
Net Profit YoY
6.2%
35.4%
EPS (diluted)
$3.85
$1.15

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
MSI
MSI
VIK
VIK
Q4 25
$3.4B
Q3 25
$3.0B
$4.0B
Q2 25
$2.8B
$2.3B
Q1 25
$2.5B
$718.2M
Q4 24
$3.0B
Q3 24
$2.8B
$3.6B
Q2 24
$2.6B
$2.1B
Q1 24
$2.4B
Net Profit
MSI
MSI
VIK
VIK
Q4 25
$649.0M
Q3 25
$562.0M
$514.0M
Q2 25
$513.0M
$439.2M
Q1 25
$430.0M
$-105.5M
Q4 24
$611.0M
Q3 24
$562.0M
$379.7M
Q2 24
$443.0M
$159.8M
Q1 24
$-39.0M
Gross Margin
MSI
MSI
VIK
VIK
Q4 25
52.3%
Q3 25
51.6%
73.4%
Q2 25
51.1%
55.7%
Q1 25
51.4%
17.3%
Q4 24
51.4%
Q3 24
51.4%
74.7%
Q2 24
51.0%
57.8%
Q1 24
49.9%
Operating Margin
MSI
MSI
VIK
VIK
Q4 25
27.9%
Q3 25
25.6%
15.2%
Q2 25
25.0%
23.7%
Q1 25
23.0%
-1.3%
Q4 24
27.0%
Q3 24
25.5%
13.6%
Q2 24
24.5%
20.5%
Q1 24
21.7%
Net Margin
MSI
MSI
VIK
VIK
Q4 25
19.2%
Q3 25
18.7%
12.9%
Q2 25
18.6%
19.1%
Q1 25
17.0%
-14.7%
Q4 24
20.3%
Q3 24
20.1%
10.6%
Q2 24
16.9%
7.7%
Q1 24
-1.6%
EPS (diluted)
MSI
MSI
VIK
VIK
Q4 25
$3.85
Q3 25
$3.33
$1.15
Q2 25
$3.04
$0.99
Q1 25
$2.53
$-0.24
Q4 24
$3.57
Q3 24
$3.29
$0.87
Q2 24
$2.60
$0.38
Q1 24
$-0.23

Balance Sheet & Financial Strength

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

Metric
MSI
MSI
VIK
VIK
Cash + ST InvestmentsLiquidity on hand
$1.2B
$3.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$803.5M
Total Assets
$19.4B
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSI
MSI
VIK
VIK
Q4 25
$1.2B
Q3 25
$894.0M
$3.0B
Q2 25
$3.2B
$2.6B
Q1 25
$1.6B
$2.8B
Q4 24
$2.1B
Q3 24
$1.4B
$2.4B
Q2 24
$1.4B
$1.8B
Q1 24
$1.5B
Stockholders' Equity
MSI
MSI
VIK
VIK
Q4 25
$2.4B
Q3 25
$2.3B
$803.5M
Q2 25
$2.0B
$278.3M
Q1 25
$1.6B
$-267.5M
Q4 24
$1.7B
Q3 24
$1.3B
$-688.9M
Q2 24
$802.0M
$-1.1B
Q1 24
$521.0M
Total Assets
MSI
MSI
VIK
VIK
Q4 25
$19.4B
Q3 25
$18.8B
$11.5B
Q2 25
$16.4B
$11.1B
Q1 25
$14.4B
$10.7B
Q4 24
$14.6B
Q3 24
$13.9B
Q2 24
$13.3B
Q1 24
$13.3B

Cash Flow & Capital Efficiency

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

Metric
MSI
MSI
VIK
VIK
Operating Cash FlowLast quarter
$1.3B
$663.9M
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
33.8%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.94×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSI
MSI
VIK
VIK
Q4 25
$1.3B
Q3 25
$798.0M
$663.9M
Q2 25
$273.0M
$470.7M
Q1 25
$510.0M
$587.9M
Q4 24
$1.1B
Q3 24
$759.0M
$828.7M
Q2 24
$180.0M
$419.8M
Q1 24
$382.0M
Free Cash Flow
MSI
MSI
VIK
VIK
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
MSI
MSI
VIK
VIK
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
MSI
MSI
VIK
VIK
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
MSI
MSI
VIK
VIK
Q4 25
1.94×
Q3 25
1.42×
1.29×
Q2 25
0.53×
1.07×
Q1 25
1.19×
Q4 24
1.75×
Q3 24
1.35×
2.18×
Q2 24
0.41×
2.63×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

VIK
VIK

Segment breakdown not available.

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