MSI · Motorola Solutions, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.71B | - | $3.01B | $2.77B | $2.53B | - | $2.79B | $2.63B | $2.39B | - |
| Cost of Revenue | $1.35B | - | $1.46B | $1.35B | $1.23B | - | $1.36B | $1.29B | $1.20B | - |
| Gross Profit | $1.36B | - | $1.55B | $1.41B | $1.30B | - | $1.43B | $1.34B | $1.19B | - |
| R&D | $252.00M | - | $237.00M | $231.00M | $233.00M | - | $234.00M | $220.00M | $218.00M | - |
| SG&A | $439.00M | - | $485.00M | $450.00M | $436.00M | - | $439.00M | $430.00M | $397.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $143.00M | - | $49.00M | $47.00M | $81.00M | - | $46.00M | $47.00M | $83.00M | - |
| Operating Income | $525.00M | - | $770.00M | $692.00M | $582.00M | - | $711.00M | $644.00M | $519.00M | - |
| Interest Expense | $111.00M | - | $103.00M | $71.00M | $69.00M | - | $73.00M | $87.00M | $61.00M | - |
| Income Tax | $73.00M | - | $161.00M | $165.00M | $115.00M | - | $132.00M | $135.00M | ($52.00M) | - |
| Net Income | $366.00M | - | $562.00M | $513.00M | $430.00M | - | $562.00M | $443.00M | ($39.00M) | - |
| EPS - Basic | $2.21 | - | $3.37 | $3.08 | $2.58 | - | $3.36 | $2.65 | ($0.23) | - |
| EPS - Diluted | $2.18 | - | $3.33 | $3.04 | $2.53 | - | $3.29 | $2.60 | ($0.23) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $886.00M | $1.17B | $894.00M | $3.21B | $1.56B | $2.10B | $1.40B | $1.38B | $1.51B | $1.71B |
| Accounts Receivable | $2.05B | $2.20B | $2.02B | $1.85B | $1.77B | $1.95B | $1.85B | $1.76B | $1.59B | $1.71B |
| Inventory | $1.18B | $983.00M | $943.00M | $861.00M | $833.00M | $766.00M | $816.00M | $803.00M | $840.00M | $827.00M |
| Accounts Payable | $928.00M | $1.13B | $940.00M | $913.00M | $845.00M | $1.02B | $872.00M | $861.00M | $822.00M | $881.00M |
| Current Assets | $5.95B | $6.30B | $5.81B | $7.71B | $5.90B | $6.48B | $5.81B | $5.57B | $5.52B | $5.72B |
| Total Assets | $19.08B | $19.39B | $18.80B | $16.41B | $14.43B | $14.60B | $13.89B | $13.35B | $13.33B | $13.34B |
| Current Liabilities | $5.56B | $6.08B | $5.66B | $4.46B | $4.92B | $5.05B | $4.67B | $4.64B | $4.63B | $5.74B |
| Long-term Debt | $8.41B | $8.41B | $8.41B | $7.66B | $5.68B | $5.67B | $5.67B | $5.74B | $5.99B | $4.71B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.54B | $2.41B | $2.33B | $1.97B | $1.64B | $1.70B | $1.33B | $802.00M | $521.00M | $724.00M |
| Retained Earnings | $2.60B | $2.55B | $2.59B | $2.33B | $2.22B | $2.30B | $1.97B | $1.61B | $1.40B | $1.64B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $451.00M | - | - | - | $510.00M | - | - | - | $382.00M | - |
| Investing Cash Flow | ($183.00M) | - | - | - | ($477.00M) | - | - | - | ($47.00M) | - |
| Financing Cash Flow | ($525.00M) | - | - | - | ($597.00M) | - | - | - | ($512.00M) | - |
| CapEx | $62.00M | - | $57.00M | $48.00M | $37.00M | - | - | - | $46.00M | - |
| Free Cash Flow | $389.00M | - | - | - | $473.00M | - | - | - | $336.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.2% | - | 51.6% | 51.1% | 51.4% | - | 51.4% | 51.0% | 49.9% | - |
| Operating margin | 19.3% | - | 25.6% | 25.0% | 23.0% | - | 25.5% | 24.5% | 21.7% | - |
| EBITDA margin | 24.6% | - | 27.2% | 26.7% | 26.2% | - | 27.1% | 26.3% | 25.2% | - |
| Net margin | 13.5% | - | 18.7% | 18.6% | 17.0% | - | 20.1% | 16.9% | -1.6% | - |
| Free cash flow margin | 14.3% | - | - | - | 18.7% | - | - | - | 14.1% | - |
| FCF / Net income | 1.06 | - | - | - | 1.10 | - | - | - | -8.62 | - |
| R&D / Revenue | 9.3% | - | 7.9% | 8.4% | 9.2% | - | 8.4% | 8.4% | 9.1% | - |
| SG&A / Revenue | 16.2% | - | 16.1% | 16.3% | 17.2% | - | 15.7% | 16.4% | 16.6% | - |
| Effective tax rate | 16.6% | - | 22.3% | 24.3% | 21.1% | - | 19.0% | 23.4% | - | - |
| Return on assets | 1.9% | - | 3.0% | 3.1% | 3.0% | - | 4.0% | 3.3% | -0.3% | - |
| Return on equity | 14.4% | - | 24.2% | 26.1% | 26.2% | - | 42.4% | 55.2% | -7.5% | - |
| Return on invested capital | 4.0% | - | 5.6% | 5.4% | 6.3% | - | 8.2% | 7.5% | 6.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.07 | 1.04 | 1.03 | 1.73 | 1.20 | 1.28 | 1.25 | 1.20 | 1.19 | 1.00 |
| Quick ratio | 0.86 | 0.87 | 0.86 | 1.54 | 1.03 | 1.13 | 1.07 | 1.03 | 1.01 | 0.85 |
| Cash ratio | 0.16 | 0.19 | 0.16 | 0.72 | 0.32 | 0.42 | 0.30 | 0.30 | 0.33 | 0.30 |
| Leverage | ||||||||||
| Debt / Equity | 3.31 | 3.49 | 3.61 | 3.89 | 3.46 | 3.33 | 4.28 | 7.16 | 11.50 | 6.50 |
| Debt / Assets | 0.44 | 0.43 | 0.45 | 0.47 | 0.39 | 0.39 | 0.41 | 0.43 | 0.45 | 0.35 |
| Debt / EBITDA | 12.60 | - | 10.27 | 10.37 | 8.56 | - | 7.50 | 8.31 | 9.96 | - |
| Interest coverage | 4.7x | - | 7.5x | 9.7x | 8.4x | - | 9.7x | 7.4x | 8.5x | - |
| Equity multiplier | 7.50 | 8.05 | 8.08 | 8.34 | 8.80 | 8.57 | 10.47 | 16.64 | 25.58 | 18.42 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.16 | 0.17 | 0.18 | - | 0.20 | 0.20 | 0.18 | - |
| Inventory turnover | 1.14 | - | 1.54 | 1.57 | 1.47 | - | 1.66 | 1.61 | 1.43 | - |
| Days sales outstanding | 275d | - | 245d | 244d | 256d | - | 242d | 245d | 243d | - |
| Days inventory outstanding | 319d | - | 237d | 232d | 248d | - | 219d | 227d | 256d | - |
| Days payable outstanding | 251d | - | 236d | 246d | 251d | - | 235d | 244d | 251d | - |
| Cash conversion cycle | 343d | - | 246d | 230d | 252d | - | 227d | 228d | 249d | - |
| Valuation | ||||||||||
| P / E | 201.4x | - | 137.1x | 137.7x | 171.1x | - | 135.7x | 148.5x | - | - |
| P / B | 29.0x | - | 33.2x | 35.9x | 44.8x | - | 57.5x | 82.0x | 113.3x | - |
| P / S | 27.2x | - | 25.6x | 25.6x | 29.1x | - | 27.3x | 25.0x | 24.7x | - |
| EV / EBITDA | 121.7x | - | 103.4x | 101.7x | 117.1x | - | 106.4x | 101.5x | 105.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.4% | - | 7.8% | 5.2% | 5.8% | - | 9.2% | 9.4% | 10.0% | - |
| Revenue CAGR (3y) | 7.7% | - | 8.2% | 8.9% | 10.1% | - | 9.8% | 10.1% | 10.5% | - |
| Revenue CAGR (5y) | 8.9% | - | 10.0% | 11.3% | 8.8% | - | 6.9% | 7.2% | 7.6% | - |
| Gross profit growth (YoY) | 4.8% | - | 8.4% | 5.5% | 9.1% | - | 12.0% | 12.6% | 14.0% | - |
| Operating income growth (YoY) | -9.8% | - | 8.3% | 7.5% | 12.1% | - | 11.3% | 24.3% | 30.1% | - |
| Net income growth (YoY) | -14.9% | - | 0.0% | 15.8% | - | - | 21.1% | 19.4% | - | - |
| EPS growth (YoY) | -13.8% | - | 1.2% | 16.9% | - | - | 21.9% | 20.9% | - | - |
| EPS CAGR (3y) | 10.6% | - | 26.9% | 31.7% | 18.0% | - | 23.2% | 15.4% | - | - |
| EPS CAGR (5y) | 9.1% | - | 23.1% | 31.3% | 17.7% | - | 16.9% | 17.1% | - | - |
| FCF growth (YoY) | -17.8% | - | - | - | 40.8% | - | - | - | - | - |
| FCF CAGR (5y) | 4.1% | - | - | - | 12.7% | - | - | - | 12.7% | - |
| Book value growth (YoY) | 55.0% | 41.5% | 75.5% | 145.4% | 215.0% | 135.2% | 266.3% | 138.0% | 122.6% | 524.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$11.68B totalProduct And Systems Integration Segment$7.25B · 62.1%
Services And Software Segment$4.43B · 37.9%
Product / service
$19.85B totalProduct$6.77B · 34.1%
Mission Critical Networks$6.07B · 30.6%
Service$4.91B · 24.7%
Video Security And Access Control$1.19B · 6.0%
Command Center Software$915.00M · 4.6%
Geographic
$18.93B totalUS$7.93B · 41.9%
North America$5.32B · 28.1%
Other Nations$2.72B · 14.3%
International$1.94B · 10.2%
GB$603.00M · 3.2%
CA$433.00M · 2.3%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Motorola Solutions against the 5 most active filers in the same SIC group.
Dividends
$4.60/share trailing 12 months · +11.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $1.2100 |
| Dec 15, 2025 | $1.2100 |
| Sep 15, 2025 | $1.0900 |
| Jun 13, 2025 | $1.0900 |
| Mar 14, 2025 | $1.0900 |
| Dec 13, 2024 | $1.0900 |
| Sep 13, 2024 | $0.9800 |
| Jun 14, 2024 | $0.9800 |
| Mar 14, 2024 | $0.9800 |
| Dec 14, 2023 | $0.9800 |
| Sep 14, 2023 | $0.8800 |
| Jun 14, 2023 | $0.8800 |
| Mar 14, 2023 | $0.8800 |
| Dec 14, 2022 | $0.8800 |
| Sep 14, 2022 | $0.7900 |
| Jun 14, 2022 | $0.7900 |
| Mar 14, 2022 | $0.7900 |
| Dec 14, 2021 | $0.7900 |
| Sep 14, 2021 | $0.7100 |
| Jun 14, 2021 | $0.7100 |
| Mar 12, 2021 | $0.7100 |
| Dec 14, 2020 | $0.7100 |
| Sep 14, 2020 | $0.6400 |
| Jun 12, 2020 | $0.6400 |