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Side-by-side financial comparison of Motorola Solutions (MSI) and Western Digital (WDC). Click either name above to swap in a different company.
Motorola Solutions is the larger business by last-quarter revenue ($3.4B vs $3.0B, roughly 1.1× Western Digital). Western Digital runs the higher net margin — 61.1% vs 19.2%, a 41.9% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs 12.3%). Over the past eight quarters, Motorola Solutions's revenue compounded faster (18.9% CAGR vs -6.6%).
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.
Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).
MSI vs WDC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $3.0B |
| Net Profit | $649.0M | $1.8B |
| Gross Margin | 52.3% | 45.7% |
| Operating Margin | 27.9% | 30.1% |
| Net Margin | 19.2% | 61.1% |
| Revenue YoY | 12.3% | 31.5% |
| Net Profit YoY | 6.2% | 254.2% |
| EPS (diluted) | $3.85 | $4.73 |
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.
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.4B | $2.8B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.8B | $-1.2B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $2.8B | $4.1B | ||
| Q2 24 | $2.6B | $3.8B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $649.0M | $1.2B | ||
| Q3 25 | $562.0M | — | ||
| Q2 25 | $513.0M | $282.0M | ||
| Q1 25 | $430.0M | $520.0M | ||
| Q4 24 | $611.0M | $594.0M | ||
| Q3 24 | $562.0M | $493.0M | ||
| Q2 24 | $443.0M | $39.0M |
| Q1 26 | — | 45.7% | ||
| Q4 25 | 52.3% | 43.5% | ||
| Q3 25 | 51.6% | — | ||
| Q2 25 | 51.1% | — | ||
| Q1 25 | 51.4% | 39.8% | ||
| Q4 24 | 51.4% | 35.4% | ||
| Q3 24 | 51.4% | 37.9% | ||
| Q2 24 | 51.0% | 35.9% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 27.9% | 28.1% | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.0% | 33.1% | ||
| Q4 24 | 27.0% | 19.9% | ||
| Q3 24 | 25.5% | 18.1% | ||
| Q2 24 | 24.5% | 5.7% |
| Q1 26 | — | 61.1% | ||
| Q4 25 | 19.2% | 41.9% | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 18.6% | -24.4% | ||
| Q1 25 | 17.0% | 22.7% | ||
| Q4 24 | 20.3% | 13.9% | ||
| Q3 24 | 20.1% | 12.0% | ||
| Q2 24 | 16.9% | 1.0% |
| Q1 26 | — | $4.73 | ||
| Q4 25 | $3.85 | $3.07 | ||
| Q3 25 | $3.33 | — | ||
| Q2 25 | $3.04 | $0.72 | ||
| Q1 25 | $2.53 | $1.42 | ||
| Q4 24 | $3.57 | $1.63 | ||
| Q3 24 | $3.29 | $1.35 | ||
| Q2 24 | $2.60 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $2.0B |
| Total DebtLower is stronger | — | $4.7B |
| Stockholders' EquityBook value | $2.4B | $7.1B |
| Total Assets | $19.4B | $15.6B |
| Debt / EquityLower = less leverage | — | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $894.0M | — | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $2.4B | $5.9B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.0B | $5.3B | ||
| Q1 25 | $1.6B | $5.2B | ||
| Q4 24 | $1.7B | $12.1B | ||
| Q3 24 | $1.3B | $11.6B | ||
| Q2 24 | $802.0M | $10.8B |
| Q1 26 | — | $15.6B | ||
| Q4 25 | $19.4B | $14.4B | ||
| Q3 25 | $18.8B | — | ||
| Q2 25 | $16.4B | $14.0B | ||
| Q1 25 | $14.4B | $16.4B | ||
| Q4 24 | $14.6B | $25.5B | ||
| Q3 24 | $13.9B | $24.8B | ||
| Q2 24 | $13.3B | $24.2B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | — |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 33.8% | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | 1.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $672.0M | ||
| Q3 25 | $798.0M | — | ||
| Q2 25 | $273.0M | $746.0M | ||
| Q1 25 | $510.0M | $508.0M | ||
| Q4 24 | $1.1B | $403.0M | ||
| Q3 24 | $759.0M | $34.0M | ||
| Q2 24 | $180.0M | $366.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $599.0M | ||
| Q3 25 | $732.0M | — | ||
| Q2 25 | $225.0M | $675.0M | ||
| Q1 25 | $473.0M | $379.0M | ||
| Q4 24 | $984.0M | $287.0M | ||
| Q3 24 | $702.0M | $-62.0M | ||
| Q2 24 | $112.0M | $250.0M |
| Q1 26 | — | — | ||
| Q4 25 | 33.8% | 21.3% | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 8.1% | -58.5% | ||
| Q1 25 | 18.7% | 16.5% | ||
| Q4 24 | 32.7% | 6.7% | ||
| Q3 24 | 25.2% | -1.5% | ||
| Q2 24 | 4.3% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.6% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.7% | -6.2% | ||
| Q1 25 | 1.5% | 5.6% | ||
| Q4 24 | 2.9% | 2.7% | ||
| Q3 24 | 2.0% | 2.3% | ||
| Q2 24 | 2.6% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 0.57× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.53× | 2.65× | ||
| Q1 25 | 1.19× | 0.98× | ||
| Q4 24 | 1.75× | 0.68× | ||
| Q3 24 | 1.35× | 0.07× | ||
| Q2 24 | 0.41× | 9.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSI
| Product And Systems Integration Segment | $1.5B | 45% |
| Services And Software Segment | $833.0M | 25% |
| Sales Channel Through Intermediary | $772.0M | 23% |
| Command Center Software | $258.0M | 8% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
