Ciena vs Motorola Solutions
Motorola Solutions is the larger business, with $11.68bn of revenue in fiscal 2025 against $4.77bn for Ciena (2.4 times as much). Ciena grew faster (18.8% against 8.0%). Motorola Solutions kept more of each dollar of sales as profit: a net margin of 18.4% against 2.6%. Ciena carries less debt relative to equity (56.3% against 380.2%).
| Latest fiscal year | CienaCIEN, 2025 | Motorola SolutionsMSI, 2025 |
|---|---|---|
| Revenue | $4.77bn | $11.68bn |
| Revenue growth | 18.8% | 8.0% |
| Net income | $123m | $2.15bn |
| Operating margin | 4.1% | 25.6% |
| Net margin | 2.6% | 18.4% |
| Return on equity | 4.4% | 104.7% |
| Free cash flow | $665m | $2.57bn |
| Cash | $1.09bn | $1.17bn |
| Total debt | $1.54bn | $9.16bn |
| Debt to equity | 56.3% | 380.2% |
| Dividend per share | — | $4.48 |
| Dividend yield | — | 0.9% |
| Share buybacks | $335m | $1.15bn |
| Employees | 9,080 | 23,000 |
| Market value | $42.31bn | $81.13bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 71 (Strong) | 85 (Strong) |
| Insider trades, 12 months | 0 buys, 90 sales | 0 buys, 79 sales |