Motorola Solutions, Inc.
MSI· NYSE· Radio & Tv Broadcasting & Communications Equipment
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 22.0%
- ROIC, 5 yr avg
- 32.7%
- Revenue, 5 yr CAGR
- +9.5%
We record prices for the companies we cover; MSI is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 169.0M
- Revenue
- $11.7B
- Free cash flow
- $2.6B
- Owner earnings
- $2.3B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 51.7%
- Operating
- 25.6%
- Net
- 18.4%
- Free cash flow
- 22.0%
- Owner earnings
- 19.5%
- Stock pay
- 2.5%
Returns
- ROIC, FY2025
- 22.1%
- ROIC, 5 yr avg
- 32.7%
- ROE, FY2025
- 89.4%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 8.6%
- Revenue, 5 yr
- 9.5%
- Revenue, 9 yr
- 7.6%
- Diluted EPS, 3 yr
- 17.2%
- Diluted EPS, 5 yr
- 18.5%
- Diluted EPS, 9 yr
- 16.4%
- Free cash flow, 3 yr
- 18.0%
- Free cash flow, 5 yr
- 13.0%
- Free cash flow, 9 yr
- 12.5%
Financial health · FY2025
- Cash and investments
- $1.2B
- Total debt
- $9.2B
- Net debt
- $8.0B
- Debt/Equity
- 3.8x
- Debt/FCF
- 3.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 33.8%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.6%
Financials: ten years from the 10-Ks
Revenue
$11.7B
+7.6% a year over 9 years
FY2016FY2025
Margins
Gross51.7%Operating25.6%Net18.4%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$2.6BOwner earnings$2.3B
Free cash flow +12.5% a year
FY2016FY2025
Diluted shares
169.0M
-2.4% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
22.1%
FY2025
FY2016FY2025
Net debt (below zero)
-$8.0B
$8.0B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $6.0B | $6.4B | $7.3B | $7.9B | $7.4B | $8.2B | $9.1B | $10.0B | $10.8B | $11.7B |
| Revenue growth | 6.0% | 5.7% | 15.1% | 7.4% | -6.0% | 10.2% | 11.5% | 9.5% | 8.4% | 8.0% |
| Gross margin | 47.5% | 47.4% | 47.4% | 49.8% | 48.7% | 49.4% | 46.4% | 49.8% | 51.0% | 51.7% |
| Operating margin | 17.4% | 20.1% | 17.1% | 20.0% | 18.7% | 20.4% | 18.2% | 23.0% | 24.8% | 25.6% |
| Net income | $560.0M | -$155.0M | $966.0M | $868.0M | $949.0M | $1.2B | $1.4B | $1.7B | $1.6B | $2.2B |
| Net margin | 9.3% | -2.4% | 13.2% | 11.0% | 12.8% | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% |
| Diluted EPS | $3.24 | $-0.95 | $5.62 | $4.95 | $5.45 | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 |
| Return on invested capital? | 28.3% | – | 39.8% | 40.1% | 33.4% | 35.5% | 31.2% | 36.4% | 38.5% | 22.1% |
| Cash | ||||||||||
| Operating cash flow | $1.2B | $1.3B | $1.1B | $1.8B | $1.6B | $1.8B | $1.8B | $2.0B | $2.4B | $2.8B |
| Capital expenditure | $271.0M | $227.0M | $197.0M | $248.0M | $217.0M | $243.0M | $256.0M | $253.0M | $257.0M | $265.0M |
| Free cash flow | $894.0M | $1.1B | $878.0M | $1.6B | $1.4B | $1.6B | $1.6B | $1.8B | $2.1B | $2.6B |
| Stock-based compensation | $68.0M | $66.0M | $73.0M | $118.0M | $129.0M | $129.0M | $172.0M | $212.0M | $243.0M | $293.0M |
| Owner earnings? | $826.0M | $1.1B | $805.0M | $1.5B | $1.3B | $1.5B | $1.4B | $1.6B | $1.9B | $2.3B |
| Free cash flow per share | $5.16 | $6.87 | $5.10 | $8.97 | $8.02 | $9.18 | $9.12 | $10.41 | $12.49 | $15.22 |
| Capital allocation | ||||||||||
| Dividends paid | $280.0M | $307.0M | $337.0M | $379.0M | $436.0M | $482.0M | $530.0M | $589.0M | $654.0M | $728.0M |
| Share repurchases | $842.0M | $483.0M | $132.0M | $315.0M | $612.0M | $528.0M | $836.0M | $804.0M | $244.0M | $1.2B |
| Diluted shares | 173.1M | 162.9M | 172.0M | 175.6M | 174.1M | 173.6M | 171.9M | 172.1M | 170.8M | 169.0M |
| Share count change? | -14.2% | -5.9% | 5.6% | 2.1% | -0.9% | -0.3% | -1.0% | 0.1% | -0.8% | -1.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $967.0M | $1.2B | $1.3B | $1.0B | $1.3B | $1.9B | $1.3B | $1.7B | $2.1B | $1.2B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $4.4B | $4.5B | $5.3B | $5.1B | $5.2B | $5.7B | $6.0B | $6.0B | $6.0B | $9.2B |
| Net debt | $3.4B | $3.3B | $4.1B | $4.1B | $3.9B | $3.8B | $4.7B | $4.3B | $3.9B | $8.0B |
| Shareholders' equity | -$964.0M | -$1.7B | -$1.3B | -$700.0M | -$558.0M | -$40.0M | $116.0M | $724.0M | $1.7B | $2.4B |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-02 | DEF 14A | Proxy statement |
| 2026-02-12 | 10-K | Annual report |
| 2026-02-11 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
| 2025-10-30 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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