Ericsson vs Motorola Solutions
Ericsson reported revenue of SEK 236.7 billion in fiscal 2025, and Motorola Solutions $11.7 billion in fiscal 2025, in different currencies. Ericsson's revenue fell 4.5% in its latest year, and Motorola Solutions' grew 8.0%. Ericsson had an operating margin of 16.3%, against 25.6% at Motorola Solutions. Free cash flow was SEK 30.3 billion at Ericsson and $2.6 billion at Motorola Solutions.
Side by side
| Ericsson | Motorola Solutions | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | SEK 236.7B | $11.7B |
| Revenue growth | −4.5% | 8.0% |
| Revenue growth a year, last 5 years | 0.4% | 9.5% |
| Gross margin | 47.6% | 51.7% |
| Operating margin | 16.3% | 25.6% |
| Net margin | 12.0% | 18.4% |
| Free cash flow | SEK 30.3B | $2.6B |
| Free cash flow margin | 12.8% | 22.0% |
| Return on capital | 30.4% | 28.6% |
| Net debt to EBITDA | −0.2x | 2.3x |
| Dividends and buybacks | SEK 9.5B | $1.9B |
| Change in diluted share count | 0.1% | −1.1% |
| Last close | $10.89 | $485.62 |
| P/E at the last close | — | 38.2× |
| Insider trades, last 12 months | — | sold $101.5 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
In each company's own currency, fiscal years
EricssonMotorola Solutions
Operating margin
Percent of revenue
EricssonMotorola Solutions
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
EricssonMotorola Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ericsson and Motorola Solutions pages.