Motorola Solutions, Inc. (MSI)

Motorola Solutions, Inc. provides public safety, government, defense, and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and the implementation and integration of systems, devices, software, and applications for government, including defense, public safety, and enterprise customers who operate private communications systems and video security solutions, as well as manage a mobile workforce. This segment also provides mission critical networks, and video security and access control technologies, including two-way portable and vehicle-mounted radios, video cameras, and accessories; communications network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment offers public safety and enterprise command center, unified communications applications, mobile video equipment, and video software solutions; repair, technical support, and maintenance services; and monitoring, software updates, and cybersecurity services to government, public safety, and commercial communications networks. It serves hospitality; manufacturing; military and defence; police; air transportation; fire and rescue; stadium; emergency medical services; mining; oil and gas; transportation and logistics; utilities; education; retail; and healthcare industries. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.

Symbol
MSI
Exchange
NYSE
Sector
Technology
Industry
Communication Equipment
Market cap
$74.05B
52 week range
359.36 - 494.85

Valuation

Share price
$447.41 (close of 2026-10-02)
P/E (TTM)
34.85x
Price to book
27.55x
Price to free cash flow
27.66x
Enterprise value
$82.96B
Book value per share
$16.24

Price performance

PeriodChange
1 day-0.14%
5 days-2.07%
1 month-6.58%
3 months+5.86%
6 months+1.93%
Year to date+16.72%
1 year-0.14%
3 years+63.93%
5 years+90.95%
10 years+486.54%
All time+12982.16%

Members of Congress who disclosed MSI trades

Jared Moskowitz · John Boozman · Val Hoyle · Alan Armstrong · Tommy Tuberville

Super investors holding MSI

Mairs & Power (Mairs & Power Inc) · Ken Griffin (Citadel) · David Rolfe (Wedgewood Partners Inc) · Dodge & Cox (Dodge & Cox Funds) · Lee Ainslie (Maverick Capital LTD) · John Rogers (Ariel Investments LLC)

Profitability and growth

Return on equity
88.75%
Return on invested capital
21.18%
Return on assets
11.11%
Return on capital employed
22.45%
Gross margin
51.66%
Net margin
18.44%
EBITDA margin
29.22%
Revenue growth
8.00%
Net income growth
36.59%
Free cash flow growth
20.52%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.62%
Current ratio
1.10x
Net debt to EBITDA
2.37x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$11.68B
Cost of revenue
$5.65B
Gross profit
$6.04B
EBITDA
$3.41B
Net income
$2.15B
Earnings per share
$12.93
Research and development
$970.00M
Interest expense
$360.00M
Shares outstanding
166.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$11.68B$6.04B$2.15B$12.93
2024-12-31$10.82B$5.51B$1.58B$9.45
2023-12-31$9.98B$4.97B$1.71B$10.23
2022-12-31$9.11B$4.23B$1.36B$8.14
2021-12-31$8.17B$4.04B$1.25B$7.36
2020-12-31$7.41B$3.61B$949.00M$5.58
2019-12-31$7.89B$3.93B$868.00M$5.21
2018-12-31$7.34B$3.48B$966.00M$5.95
2017-12-31$6.38B$3.02B-$155.00M$-0.95
2016-12-31$6.04B$2.87B$560.00M$3.30

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3151.66%18.44%88.75%21.18%
2024-12-3150.96%14.58%91.74%37.26%
2023-12-3149.81%17.13%231.26%33.35%
2022-12-3146.41%14.96%1040.46%28.24%
2021-12-3149.44%15.24%-5413.04%32.22%
2020-12-3148.66%12.80%-175.42%29.61%
2019-12-3149.84%11.01%-127.09%35.45%
2018-12-3147.39%13.16%-75.71%40.26%
2017-12-3147.40%-2.43%8.98%41.72%
2016-12-3147.52%9.27%-58.82%31.51%

Cash and debt by year

Period endCashDebt
2025-12-31$1.17B$8.41B
2024-12-31$2.10B$5.67B
2023-12-31$1.71B$4.71B
2022-12-31$1.32B$6.01B
2021-12-31$1.87B$5.69B
2020-12-31$1.25B$5.16B
2019-12-31$1.00B$5.11B
2018-12-31$1.26B$5.29B
2017-12-31$1.21B$4.42B
2016-12-31$1.01B$4.39B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.57B$293.00M
2024-12-31$2.13B$243.00M
2023-12-31$1.79B$212.00M
2022-12-31$1.57B$172.00M
2021-12-31$1.59B$129.00M
2020-12-31$1.40B$129.00M
2019-12-31$1.57B$118.00M
2018-12-31$878.00M$73.00M
2017-12-31$1.12B$66.00M
2016-12-31$894.00M$68.00M

Dividend history

Most recent payment
2026-09-16
Paid in the last twelve months
$4.84
Payment dateDividend per share
2026-09-16$1.21
2026-06-17$1.21
2026-03-20$1.21
2025-12-15$1.21
2025-09-15$1.09
2025-06-13$1.09
2025-03-14$1.09
2024-12-13$1.09

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$3.99

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$3.43
2026-05-07Mar/2026$2.88
2026-02-11Dec/2025$4.03
2025-10-30Sep/2025$3.54
2025-08-07Jun/2025$3.06
2025-05-01Mar/2025$2.72
2025-02-13Dec/2024$3.58
2024-11-07Sep/2024$3.10

Filings and sources

Company website
motorolasolutions.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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