FLEX vs. MSI: Flex vs. Motorola Stock Comparison

November 11, 2026

How do Flex (FLEX) and Motorola (MSI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Flex (FLEX) and Motorola (MSI) both fall under the Technology Hardware & Equipment industry group, but FLEX is classified in Electronic Equipment, Instruments & Components while MSI is classified in Communications Equipment.

Company profile comparison for Flex (FLEX) and Motorola (MSI)
Profile Item	FLEX	MSI
Name	Flex Ltd.	Motorola Solutions, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
GICS Sub-Industry	Electronic Manufacturing Services	Communications Equipment
Market Capitalization	25.78 billion USD	85.07 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 18, 1994	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FLEX

MSI

GSPC

Flex (FLEX) vs. Motorola (MSI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Flex (FLEX) and Motorola (MSI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Flex (FLEX) and Motorola (MSI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Total Return (1Y)	24.99%	35.63%
Total Return (3Y, Annualized)	59.41%	20.55%
Total Return (5Y, Annualized)	42.37%	17.37%

Risk Profile

Drawdown History

FLEX

MSI

GSPC

Flex (FLEX) vs. Motorola (MSI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Flex (FLEX) and Motorola (MSI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Volatility (1Y, Annualized)	76.21%	25.11%
Beta (5Y)	1.82	0.84
Max Drawdown (5Y)	-58.83%	-27.23%
Avg. Volume (3M)	4.28M	973.41K

Risk-Adjusted Performance

Risk-Return Positioning

FLEX and MSI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Sharpe Ratio (1Y)	0.27	1.25
Sortino Ratio (1Y)	0.44	1.90

Profitability

ROE (TTM)

Motorola (MSI) at 76.98% clears its industry range for ROE, a sharper capital-efficiency signal than Flex (FLEX) at 19.13%, which is closer to a typical peer reading.

FLEX

Technology Hardware & Equipment industry group

19.13%

Max: 42.47%
FLEX: 19.13%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

MSI

Technology Hardware & Equipment industry group

76.98%

MSI: 76.98%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Flex (FLEX) vs. Motorola (MSI): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Motorola (MSI) at 16.54% retains a top-quartile share of revenue as profit, ahead of Flex (FLEX) at 3.35%, which keeps about the industry-typical share.

FLEX

Technology Hardware & Equipment industry group

3.35%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
FLEX: 3.35%
Q1: 0.00%
Min: -11.02%

MSI

Technology Hardware & Equipment industry group

16.54%

Max: 27.60%
MSI: 16.54%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Flex (FLEX) vs. Motorola (MSI): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Motorola (MSI) at 24.62% operates in the top operating margin quartile, ahead of Flex (FLEX) at 5.05%, which runs around its industry’s norm.

FLEX

Technology Hardware & Equipment industry group

5.05%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
FLEX: 5.05%
Q1: 1.46%
Min: -21.39%

MSI

Technology Hardware & Equipment industry group

24.62%

Max: 36.27%
MSI: 24.62%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Flex (FLEX) vs. Motorola (MSI): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
ROE (TTM)	19.13%	76.98%
ROA (TTM)	4.39%	9.64%
Net Margin (TTM)	3.35%	16.54%
Operating Margin (TTM)	5.05%	24.62%
Gross Margin (TTM)	9.67%	51.75%

Growth

Revenue Growth

Both Flex (FLEX) at 8.14% and Motorola (MSI) at 8.00% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Flex (FLEX) vs. Motorola (MSI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Flex (FLEX) at 10.43% and Motorola (MSI) at 38.14% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Flex (FLEX) vs. Motorola (MSI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Revenue Growth (YoY)	8.14%	8.00%
Revenue Growth (3Y CAGR)	-0.69%	8.63%
EPS Growth (YoY)	10.43%	38.14%
EPS Growth (3Y CAGR)	10.65%	17.15%

Financial Strength

Current Ratio (MRQ)

Flex (FLEX) at 1.34 keeps current ratio within its industry’s typical mid-range, while Motorola (MSI) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MSI.

FLEX

Technology Hardware & Equipment industry group

1.34

Max: 5.34
Q3: 3.02
Median: 1.95
FLEX: 1.34
Q1: 1.32
Min: 0.17

MSI

Technology Hardware & Equipment industry group

1.10

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
MSI: 1.10
Min: 0.17

Flex (FLEX) vs. Motorola (MSI): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but MSI is more stretched: Flex (FLEX) at 1.03 sits in the higher-leverage quartile and Motorola (MSI) at 3.46 is above its industry benchmark range.

FLEX

Technology Hardware & Equipment industry group

1.03

Max: 1.76
FLEX: 1.03
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

MSI

Technology Hardware & Equipment industry group

3.46

MSI: 3.46
Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

Flex (FLEX) vs. Motorola (MSI): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Current Ratio (MRQ)	1.34	1.10
Debt / Equity (MRQ)	1.03	3.46
Net Debt / EBITDA	1.32	2.70

Dividends

Dividend Yield (TTM)

Flex (FLEX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Motorola (MSI) reports a yield of 0.94%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
FLEX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MSI

Technology Hardware & Equipment industry group

0.94%

MSI: 0.94%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Flex (FLEX) vs. Motorola (MSI): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Flex (FLEX) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Motorola (MSI) reports a payout of 38.94%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
FLEX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MSI

Technology Hardware & Equipment industry group

38.94%

MSI: 38.94%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Flex (FLEX) vs. Motorola (MSI): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
Dividend Yield (TTM)	0.00%	0.94%
Dividend Payout Ratio (TTM)	0.00%	38.94%

Valuation

P/E Ratio (TTM)

Flex (FLEX) at 25.10 is near its industry’s usual P/E ratio, while Motorola (MSI) at 41.39 sits in the richer quartile — MSI needs stronger growth or earnings quality to justify the premium.

FLEX

Technology Hardware & Equipment industry group

25.10

Max: 69.48
Q3: 41.02
Median: 26.39
FLEX: 25.10
Q1: 19.36
Min: 6.07

MSI

Technology Hardware & Equipment industry group

41.39

Max: 69.48
MSI: 41.39
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Flex (FLEX) vs. Motorola (MSI): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Flex (FLEX) at 0.83 looks cheap on sales in the lower P/S ratio quartile, while Motorola (MSI) at 6.75 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

FLEX

Technology Hardware & Equipment industry group

0.83

Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
FLEX: 0.83
Min: 0.00

MSI

Technology Hardware & Equipment industry group

6.75

Max: 11.30
MSI: 6.75
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Flex (FLEX) vs. Motorola (MSI): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Flex (FLEX) at 4.44 sits near its industry’s typical P/B ratio, while Motorola (MSI) at 27.75 prices above its benchmark range — MSI looks rich relative to book.

FLEX

Technology Hardware & Equipment industry group

4.44

Max: 10.75
Q3: 5.52
FLEX: 4.44
Median: 3.17
Q1: 1.79
Min: 0.33

MSI

Technology Hardware & Equipment industry group

27.75

MSI: 27.75
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Flex (FLEX) vs. Motorola (MSI): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Flex (FLEX) and Motorola (MSI)
Metric	FLEX	MSI
P/E Ratio (TTM)	25.10	41.39
P/S Ratio (TTM)	0.83	6.75
P/B Ratio (MRQ)	4.44	27.75
Free Cash Flow Yield (TTM)	2.41%	2.24%