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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $11.68B | $10.82B | $9.98B | $9.11B | $8.17B | $7.41B |
| Cost of Revenue | $5.65B | $5.30B | $5.01B | $4.88B | $4.13B | $3.81B |
| Gross Profit | $6.04B | $5.51B | $4.97B | $4.23B | $4.04B | $3.61B |
| R&D | $970.00M | $917.00M | $858.00M | $779.00M | $734.00M | $686.00M |
| SG&A | $1.87B | $1.75B | $1.56B | $1.45B | $1.35B | $1.29B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $425.00M | $336.00M | $356.00M | $440.00M | $438.00M | $409.00M |
| Operating Income | $2.99B | $2.69B | $2.29B | $1.66B | $1.67B | $1.38B |
| Interest Expense | $360.00M | $295.00M | $249.00M | $240.00M | $215.00M | $233.00M |
| Income Tax | $652.00M | $390.00M | $432.00M | $148.00M | $302.00M | $221.00M |
| Net Income | $2.15B | $1.58B | $1.71B | $1.36B | $1.25B | $949.00M |
| EPS - Basic | $12.93 | $9.45 | $10.23 | $8.14 | $7.36 | $5.58 |
| EPS - Diluted | $12.75 | $9.23 | $9.93 | $7.93 | $7.17 | $5.45 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.17B | $2.10B | $1.71B | $1.32B | $1.87B | $1.25B |
| Accounts Receivable | $2.20B | $1.95B | $1.71B | $1.52B | $1.39B | $1.39B |
| Inventory | $983.00M | $766.00M | $827.00M | $1.05B | $788.00M | $508.00M |
| Accounts Payable | $1.13B | $1.02B | $881.00M | $1.06B | $851.00M | $612.00M |
| Current Assets | $6.30B | $6.48B | $5.72B | $5.25B | $5.41B | $4.33B |
| Total Assets | $19.39B | $14.60B | $13.34B | $12.81B | $12.19B | $10.88B |
| Current Liabilities | $6.08B | $5.05B | $5.74B | $4.56B | $4.06B | $3.49B |
| Long-term Debt | $8.41B | $5.67B | $4.71B | $6.01B | $5.69B | $5.16B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.41B | $1.70B | $724.00M | $116.00M | ($40.00M) | ($558.00M) |
| Retained Earnings | $2.55B | $2.30B | $1.64B | $1.34B | $1.35B | $1.13B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.84B | $2.39B | $2.04B | $1.82B | $1.84B | $1.61B |
| Investing Cash Flow | ($5.16B) | ($507.00M) | ($414.00M) | ($1.39B) | ($742.00M) | ($437.00M) |
| Financing Cash Flow | $1.31B | ($1.45B) | ($1.29B) | ($906.00M) | ($429.00M) | ($966.00M) |
| CapEx | $265.00M | $257.00M | $253.00M | $256.00M | $243.00M | $217.00M |
| Free Cash Flow | $2.57B | $2.13B | $1.79B | $1.57B | $1.59B | $1.40B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 51.7% | 51.0% | 49.8% | 46.4% | 49.4% | 48.7% |
| Operating margin | 25.6% | 24.8% | 23.0% | 18.2% | 20.4% | 18.7% |
| EBITDA margin | 29.2% | 28.0% | 26.6% | 23.1% | 25.8% | 24.2% |
| Net margin | 18.4% | 14.6% | 17.1% | 15.0% | 15.2% | 12.8% |
| Free cash flow margin | 22.0% | 19.7% | 17.9% | 17.2% | 19.5% | 18.8% |
| FCF / Net income | 1.19 | 1.35 | 1.05 | 1.15 | 1.28 | 1.47 |
| R&D / Revenue | 8.3% | 8.5% | 8.6% | 8.5% | 9.0% | 9.3% |
| SG&A / Revenue | 16.0% | 16.2% | 15.6% | 15.9% | 16.6% | 17.4% |
| Effective tax rate | 23.2% | 19.8% | 20.2% | 9.8% | 19.5% | 18.9% |
| Return on assets | 11.1% | 10.8% | 12.8% | 10.6% | 10.2% | 8.7% |
| Return on equity | 89.4% | 92.6% | 236.0% | 1175.0% | -3112.5% | -170.1% |
| Return on invested capital | 21.2% | 29.2% | 33.7% | 24.4% | 23.8% | 24.4% |
| Liquidity | ||||||
| Current ratio | 1.04 | 1.28 | 1.00 | 1.15 | 1.33 | 1.24 |
| Quick ratio | 0.87 | 1.13 | 0.85 | 0.92 | 1.14 | 1.09 |
| Cash ratio | 0.19 | 0.42 | 0.30 | 0.29 | 0.46 | 0.36 |
| Leverage | ||||||
| Debt / Equity | 3.49 | 3.33 | 6.50 | 51.84 | -142.20 | -9.25 |
| Debt / Assets | 0.43 | 0.39 | 0.35 | 0.47 | 0.47 | 0.47 |
| Debt / EBITDA | 2.46 | 1.88 | 1.78 | 2.86 | 2.70 | 2.88 |
| Interest coverage | 8.3x | 9.1x | 9.2x | 6.9x | 7.8x | 5.9x |
| Equity multiplier | 8.05 | 8.57 | 18.42 | 110.47 | -304.73 | -19.49 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.60 | 0.74 | 0.75 | 0.71 | 0.67 | 0.68 |
| Inventory turnover | 5.74 | 6.93 | 6.06 | 4.63 | 5.24 | 7.49 |
| Days sales outstanding | 69d | 66d | 63d | 61d | 62d | 68d |
| Days inventory outstanding | 64d | 53d | 60d | 79d | 70d | 49d |
| Days payable outstanding | 73d | 70d | 64d | 79d | 75d | 59d |
| Cash conversion cycle | 59d | 49d | 59d | 60d | 56d | 58d |
| Valuation | ||||||
| P / E | 30.1x | 50.1x | 31.5x | 32.5x | 37.9x | 31.2x |
| P / B | 26.9x | 46.4x | 74.4x | 381.9x | - | - |
| P / S | 5.5x | 7.3x | 5.4x | 4.9x | 5.8x | 4.0x |
| EV / EBITDA | 21.1x | 27.3x | 21.5x | 23.3x | 24.2x | 18.7x |
| Growth | ||||||
| Revenue growth (YoY) | 8.0% | 8.4% | 9.5% | 11.5% | 10.2% | -6.0% |
| Revenue CAGR (3y) | 8.6% | 9.8% | 10.4% | 4.9% | 10.6% | 5.1% |
| Revenue CAGR (5y) | 9.5% | 6.5% | 10.6% | 7.4% | 6.2% | 5.4% |
| Gross profit growth (YoY) | 9.5% | 10.9% | 17.5% | 4.7% | 12.0% | -8.2% |
| Operating income growth (YoY) | 11.2% | 17.2% | 38.1% | -0.4% | 20.5% | -12.5% |
| Net income growth (YoY) | 36.6% | -7.7% | 25.4% | 9.5% | 31.2% | 9.3% |
| EPS growth (YoY) | 38.1% | -7.0% | 25.2% | 10.6% | 31.6% | 10.1% |
| EPS CAGR (3y) | 17.2% | 8.8% | 22.1% | 17.0% | 8.5% | - |
| EPS CAGR (5y) | 18.5% | 13.3% | 12.1% | - | 17.2% | 12.5% |
| FCF growth (YoY) | 20.5% | 19.2% | 14.3% | -1.7% | 14.2% | -11.4% |
| FCF CAGR (5y) | 13.0% | 6.3% | 15.3% | 7.0% | 12.3% | 11.0% |
| Book value growth (YoY) | 41.5% | 135.2% | 524.1% | - | 92.8% | 20.3% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
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 |