Motorola Solutions, Inc. MSI
Last close
468.05
2026-09-04
Market cap
$77.46B
2026-07-04 share count
52-week range
359.36 - 494.85
Valuation FY2025 figures against the last close
P/S6.6x
P/E36.7x
P/FCF30.1x
EV/EBITDA24.8x
Dividend yield0.9%
Diluted EPS12.75
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.68B | $10.82B | $9.98B | $9.11B | $8.17B | $7.41B | $7.89B | $7.34B | $6.38B | $6.04B |
| Cost of revenue | $5.65B | $5.30B | $5.01B | $4.88B | $4.13B | $3.81B | $3.96B | $3.86B | $3.36B | $3.17B |
| Gross profit | $6.04B | $5.51B | $4.97B | $4.23B | $4.04B | $3.61B | $3.93B | $3.48B | $3.02B | $2.87B |
| R&D | $970.0M | $917.0M | $858.0M | $779.0M | $734.0M | $686.0M | $687.0M | $637.0M | $568.0M | $553.0M |
| SG&A | $1.87B | $1.75B | $1.56B | $1.45B | $1.35B | $1.29B | $1.40B | $1.25B | $1.02B | $1.04B |
| Operating income | $2.99B | $2.69B | $2.29B | $1.66B | $1.67B | $1.38B | $1.58B | $1.25B | $1.28B | $1.05B |
| Interest expense | $360.0M | $295.0M | $249.0M | $240.0M | $215.0M | $233.0M | $237.0M | $240.0M | $215.0M | $225.0M |
| Pre-tax income | $2.81B | $1.97B | $2.15B | $1.51B | $1.55B | $1.17B | $1.00B | $1.10B | $1.08B | $844.0M |
| Income tax | $652.0M | $390.0M | $432.0M | $148.0M | $302.0M | $221.0M | $130.0M | $133.0M | $1.23B | $282.0M |
| Net income | $2.15B | $1.58B | $1.71B | $1.36B | $1.25B | $949.0M | $868.0M | $966.0M | -$155.0M | $560.0M |
| EPS, basic | 12.93 | 9.45 | 10.23 | 8.14 | 7.36 | 5.58 | 5.21 | 5.95 | -0.95 | 3.30 |
| EPS, diluted | 12.75 | 9.23 | 9.93 | 7.93 | 7.17 | 5.45 | 4.95 | 5.62 | -0.95 | 3.24 |
| Shares, diluted (wtd. avg.) | $169.0M | $170.8M | $172.1M | $171.9M | $173.6M | $174.1M | $175.6M | $172.0M | $162.9M | $173.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.17B | $2.10B | $1.71B | $1.32B | $1.87B | $1.25B | $1.00B | $1.26B | $1.27B | $1.03B |
| Receivables | $2.20B | $1.95B | $1.71B | $1.52B | $1.39B | $1.39B | $1.41B | $1.29B | $1.52B | $1.41B |
| Inventory | $983.0M | $766.0M | $827.0M | $1.05B | $788.0M | $508.0M | $447.0M | $356.0M | $327.0M | $273.0M |
| Total current assets | $6.30B | $6.48B | $5.72B | $5.25B | $5.41B | $4.33B | $4.18B | $4.27B | $3.95B | $3.47B |
| Property, plant and equipment | $1.17B | $1.02B | $964.0M | $927.0M | $1.04B | $1.02B | $992.0M | $895.0M | $856.0M | $789.0M |
| Goodwill | $6.80B | $3.53B | $3.40B | $3.31B | $2.56B | $2.22B | $2.07B | $1.51B | $938.0M | $728.0M |
| Other intangibles | $3.10B | $1.25B | $1.25B | $1.34B | $1.10B | $1.23B | $1.33B | $1.23B | $861.0M | $821.0M |
| Total assets | $19.39B | $14.60B | $13.34B | $12.81B | $12.19B | $10.88B | $10.64B | $9.41B | $8.21B | $8.46B |
| Accounts payable | $1.13B | $1.02B | $881.0M | $1.06B | $851.0M | $612.0M | $618.0M | $592.0M | $593.0M | $553.0M |
| Short-term debt | $0 | $322.0M | $1.31B | $1.0M | $5.0M | $12.0M | $16.0M | $31.0M | $52.0M | $4.0M |
| Total current liabilities | $6.08B | $5.05B | $5.74B | $4.56B | $4.06B | $3.49B | $3.44B | $3.10B | $2.93B | $2.67B |
| Long-term debt | $8.41B | $5.67B | $4.71B | $6.01B | $5.69B | $5.16B | $5.11B | $5.29B | $4.42B | $4.39B |
| Retained earnings | $2.55B | $2.30B | $1.64B | $1.34B | $1.35B | $1.13B | $1.24B | $1.05B | $467.0M | $1.15B |
| Total equity | $2.41B | $1.70B | $724.0M | $116.0M | -$40.0M | -$558.0M | -$700.0M | -$1.29B | -$1.74B | -$964.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.84B | $2.39B | $2.04B | $1.82B | $1.84B | $1.61B | $1.82B | $1.07B | $1.35B | $1.17B |
| Depreciation and amortisation | $425.0M | $336.0M | $356.0M | $440.0M | $438.0M | $409.0M | $394.0M | $360.0M | $343.0M | $295.0M |
| Stock-based compensation | $293.0M | $243.0M | $212.0M | $172.0M | $129.0M | $129.0M | $118.0M | $73.0M | $66.0M | $68.0M |
| Capital expenditure | $265.0M | $257.0M | $253.0M | $256.0M | $243.0M | $217.0M | $248.0M | $197.0M | $227.0M | $271.0M |
| Investing cash flow | -$5.16B | -$507.0M | -$414.0M | -$1.39B | -$742.0M | -$437.0M | -$934.0M | -$1.27B | -$448.0M | -$1.00B |
| Financing cash flow | $1.31B | -$1.45B | -$1.29B | -$906.0M | -$429.0M | -$966.0M | -$1.14B | $220.0M | -$722.0M | -$1.04B |
| Dividends paid | $728.0M | $654.0M | $589.0M | $530.0M | $482.0M | $436.0M | $379.0M | $337.0M | $307.0M | $280.0M |
| Buybacks | $1.15B | $244.0M | $804.0M | $836.0M | $528.0M | $612.0M | $315.0M | $132.0M | $483.0M | $842.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000068505-26-000010.
Others in SIC 3663
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| QCOM | QUALCOMM INC/DE | $177.18B | 33.7x | 13.7% |
| UI | Ubiquiti Inc. | $35.09B | 36.6x | 27.2% |
| PL | Planet Labs PBC | $6.52B | — | — |
| ONDS | Ondas Inc. | $4.35B | — | 605.3% |
| VISN | Vistance Networks, Inc. | $1.48B | 0.7x | 39.7% |
| HLIT | HARMONIC INC. | $1.28B | — | -26.2% |
| UMAC | Unusual Machines, Inc. | $1.19B | — | 101.2% |
| BKSY | BlackSky Technology Inc. | $839.0M | — | 4.4% |