MSI

Motorola Solutions
D

MSI

Arincen80/100B

Motorola Solutions financials

Yes. Motorola Solutions earned 2.08B USD of net income over the last twelve months, 16.5% of its revenue. It made a profit in 34 of its 41 fiscal years since 1985. Its last loss was in fiscal year 2017.

Revenue (TTM)
12.60B USD
Net income (TTM)
2.08B USD
Free cash flow (TTM)
2.53B USD
Cash and short-term investments
774.00M USD
Total debt
10.67B USD
Shareholders' equity
3.07B USD

Cash, debt and equity as of 3 Oct 2026.

Motorola Solutions earnings

Next earnings · Q4 FY2026
EPS estimate
5.50 USD
Revenue estimate
3.82B USD
Last quarter · Q3 FY2026
EPS4.69Beat +6.1%Revenue3.38BBeat +3.4%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20284.29——+14.90%3.24B——+7.74%
Q4 FY20276.17——+12.20%4.15B——+8.46%
Q1 FY20273.73——+10.70%3.01B——+10.93%
Q4 FY20265.50——+19.83%3.82B——+13.16%
Q3 FY20264.424.69+6.11%+15.52%3.26B3.38B+3.44%+12.20%
Q2 FY20263.854.41+14.55%+23.53%3.00B3.13B+4.37%+13.31%
Q1 FY20263.243.37+4.01%+5.97%2.70B2.71B+0.62%+7.36%
Q4 FY20254.354.59+5.52%+13.61%3.34B3.38B+1.08%+12.26%
Q3 FY20253.854.06+5.45%+8.56%2.99B3.01B+0.69%+7.85%
Q2 FY20253.353.57+6.57%+10.19%2.73B2.77B+1.24%+5.21%

Motorola Solutions growth and profitability

Full income statement
Revenue (TTM)
12.60B USD
Net income (TTM)
2.08B USD
Gross margin
50.62%
Operating margin
24.24%
Net margin
16.54%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.68B+8.00%2.15B+36.59%50.18%25.58%18.44%3.50B+34.42%
FY202410.82B+8.41%1.58B-7.72%50.96%24.85%14.58%2.60B-5.38%
FY20239.98B+9.50%1.71B+25.39%49.81%22.99%17.13%2.75B+25.33%
FY20229.11B+11.52%1.36B+9.48%46.41%18.23%14.96%2.20B-0.45%
FY20218.17B+10.21%1.25B+31.19%49.44%20.40%15.24%2.21B+21.42%

How Motorola Solutions makes its money

Product6.77B 58.0%
Service4.91B 42.0%
Revenue11.68B 100.0%
Cost of revenue5.82B 49.8%
Gross profit5.86B 50.2%
Research and development971.00M 8.3%
Selling and administration1.87B 16.0%
Other operating expenses35.00M 0.3%
Operating income2.99B 25.6%
Tax652.00M 5.6%
Other expense182.00M 1.6%
Net income2.15B 18.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Motorola Solutions revenue breakdown

By product

FY2025
Product: 58.0%Service: 42.0%58.0%Product42.0%Service
SegmentRevenueShare of revenueChange on the year
Product6.77B58.0%+4.9%
Service4.91B42.0%+12.6%

By region

FY2025
North America: 71.6%International: 23.3%United Kingdom: 5.2%71.6%North America23.3%International5.2%United Kingdom
RegionRevenueShare of revenueChange on the year
North America8.36B71.6%+6.9%
International2.72B23.3%-9.3%
United Kingdom603.00M5.2%—

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20252.84B2.57B
FY20242.39B2.13B
FY20232.04B1.79B
FY20221.82B1.57B
FY20211.84B1.59B
FY20201.61B1.40B
FY20191.82B1.58B
FY20181.08B878.00M
FY20171.35B1.12B
FY20161.17B894.00M

Motorola Solutions financial health

Full balance sheet
Cash and short-term investments
774.00M USD
Total debt
10.67B USD
Net cash
-9.89B USD
Free cash flow (TTM)
2.53B USD
Current ratio
1.10
Debt to equity
3.48
Piotroski score
7 / 9
Altman Z-score
4.21

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.17B9.77B2.57B
FY20242.10B6.55B2.13B
FY20231.71B6.55B1.79B
FY20221.33B6.55B1.57B
FY20211.87B6.13B1.59B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202519.39B16.96B2.41B
FY202414.60B12.88B1.70B
FY202313.34B12.60B724.00M
FY202212.81B12.68B116.00M
FY202112.19B12.21B-40.00M
FY202010.88B11.42B-558.00M
FY201910.64B11.33B-700.00M
FY20189.41B10.69B-1.29B
FY20178.21B9.94B-1.74B
FY20168.43B9.38B-964.00M

Motorola Solutions valuation

Price to earnings ratio (TTM)
42.31
Forward P/E (FY2026)
29.57
Price to sales (TTM)
6.97
Price to book
28.63
EV / EBITDA (TTM)
25.97

Capital structure

Market capitalization
87.86B USD
+
Total debt
10.67B USD
−
Cash and short-term investments
774.00M USD
=
Enterprise value
97.75B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)24.59————
FY2027 (est.)27.0424.59———
FY2026 (est.)29.5727.04———
Now (TTM)42.3127.356.9728.6325.97
FY202529.6521.335.4526.4320.67
FY202448.9130.497.1345.2731.33
FY202330.6122.905.2472.2220.77
FY202231.6626.634.74372.1222.05
FY202136.9226.635.63-1,149.2922.78

Motorola Solutions against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Lumentum Holdings, Ciena, Ubiquiti, Cisco Systems, and Zebra Technologies, the US Communication Equipment companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median42.3
    27.854.4
  • Gross marginAbove its median50.2%
    46.4%51.0%
    Against its peers: 2 of 6Peers' median 45.9%
  • Operating marginHighest in 5 years25.6%
    18.2%25.6%
    Against its peers: 2 of 6Peers' median 17.4%
  • Net marginHighest in 5 years18.4%
    14.6%18.4%
    Against its peers: 3 of 6Peers' median 7.8%
  • Return on equityLowest in 5 years89.4%
    89.4%1,175.0%
    Against its peers: 1 of 6Peers' median 11.7%
  • Free cash flow marginHighest in 5 years22.0%
    17.2%22.0%
    Against its peers: 2 of 6Peers' median 15.4%
  • Revenue growthLowest in 5 years8.0%
    8.0%11.5%
    Against its peers: 6 of 6Peers' median 18.8%
  • EPS growthHighest in 5 years38.2%
    -7.0%38.2%
    Against its peers: 2 of 6Peers' median 30.6%
  • Debt to EBITDAAbove its median2.79×
    2.38×2.98×
    Against its peers: 3 of 5Peers' median 2.39×
  • Current ratioBelow its median1.04
    1.001.33
    Against its peers: 4 of 6Peers' median 1.68

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Motorola Solutions dividends

Annual dividend
4.84 USD
Dividend yield (indicated)
0.91%
Payout ratio
38.54%
Years of dividend growth
15
Frequency
Quarterly
Last payment
1.21 USD
Last ex-dividend date
16 Sept 2026
Last payment date
15 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.363.923.523.162.842.562.282.081.881.64

Motorola Solutions ownership

Institutions
89.52%
Institutional holders
1,513 (-30)
Free float
99.62%

Who owns the shares

Institutions 89.5% Others 10.5%
As of 30 Jun 2026

Shares free to trade

Free float 164.70M shares ·99.6% Closely held 629.43K shares ·0.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026026127.41K268.54K
Q3 202601224.97K42.61K
Q2 2026004.31K166.00
Q1 2026065341.62K397.89K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025166.20M169.00M-1.05%
FY2024166.80M170.80M-0.76%
FY2023167.00M172.10M+0.12%
FY2022167.50M171.90M-0.98%
FY2021169.20M173.60M-0.29%

Common questions about Motorola Solutions's financials

Source: Financial Modeling PrepVerified against SEC filings