Motorola Solutions
MSI NYSE· Communications Equipment
Last close · Oct 26, 2026
$485.62
KIRA · Stoqly’s AI analyst, in plain words
- Motorola Solutions had $11.7B of revenue in fiscal 2025, up 8.0% on the year before. Over five years, revenue changed +9.5% a year on average.
- Its operating margin was 25.6%, up 0.7 pts: of every 100 in sales, about 26 is left after running the business.
- Motorola Solutions made $2.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 16.4% a year.
- Free cash flow was $2.6B in fiscal 2025, 22.0% of revenue.
- Motorola Solutions returned $1.9B to shareholders in fiscal 2025, 73% of free cash flow. The diluted share count fell 1.1%.
- Motorola Solutions owes $8.0B more than it holds in cash, about 2.3 years of operating profit.
Market cap
$81.2B
P/E
38.2x
Revenue
$11.7B
Net income
$2.2B
Free cash flow
$2.6B
Operating margin
25.6%
Motorola Solutions in 30 seconds · fiscal 2025
Are sales growing?
+8.0%
Yes. Sales grew 8.0% last year.
Does it make a profit?
18.4%
Yes. It keeps 18.4% of every sale as profit.
Does profit turn into cash?
22.0%
Yes. 22.0% of sales ends up as free cash.
Is debt under control?
2.3x
Keep an eye on it. Repaying its debt would take 2.3 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
38.2x
One share costs 38.2 times its yearly profit per share. Typical for its sector: 33.0x.
What Motorola Solutions does
Motorola Solutions sells safety and security technology to public safety agencies, governments including defense, and businesses such as schools, hospitals and stadiums. It serves customers in over 100 countries. Its technology covers three product lines: mission-critical networks, video security and access control, and command center software. Mission-critical networks include two-way radios, broadband devices and the infrastructure behind them, plus installation and support services. Video covers cameras, including body-worn and in-vehicle ones, access control, sensors and analytics software. Command center software helps emergency teams handle calls and respond. The company has two segments: Products and Systems Integration, and Software and Services. The first one sells devices and builds systems, and it accounted for 62% of net sales in 2025. Software and Services covers software, cybersecurity subscriptions, and managed and support services.
Biggest risks, in its own words
- Large, multi-year system and services contracts that could go wrong or cost more than planned.
- Rules on radio frequencies that could slow growth or let new competitors in.
- Losing senior managers and key engineers.
- Currency swings on sales made outside the United States.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- Motorola Solutions, Inc.
- CIK
- 0000068505
Motorola Solutions · MSI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.2B | $9.1B | $10.0B | $10.8B | $11.7B |
| Revenue growth | 10.2% | 11.5% | 9.5% | 8.4% | 8.0% |
| Gross margin | 49.4% | 46.4% | 49.8% | 51.0% | 51.7% |
| Operating margin | 20.4% | 18.2% | 23.0% | 24.9% | 25.6% |
| Net income | $1.2B | $1.4B | $1.7B | $1.6B | $2.2B |
| Net margin | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% |
| Diluted EPS | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 |
| Cash | |||||
| Cash from operations | $1.8B | $1.8B | $2.0B | $2.4B | $2.8B |
| Capital expenditure | $243M | $256M | $253M | $257M | $265M |
| Free cash flow | $1.6B | $1.6B | $1.8B | $2.1B | $2.6B |
| FCF margin | 19.5% | 17.2% | 18.0% | 19.7% | 22.0% |
| Dividends paid | $482M | $530M | $589M | $654M | $728M |
| Share buybacks | $528M | $836M | $804M | $244M | $1.2B |
| Share count change | −0.3% | −1.0% | 0.1% | −0.8% | −1.1% |
| Debt and strength | |||||
| Cash and short-term investments | $1.9B | $1.3B | $1.7B | $2.1B | $1.2B |
| Debt incl. finance leases | $5.7B | $6.0B | $6.0B | $6.0B | $9.2B |
| Shareholders' equity | −$40.0M | $116M | $724M | $1.7B | $2.4B |
| Net debt / EBITDA | 1.8x | 2.2x | 1.6x | 1.3x | 2.3x |
| Current ratio | 1.3x | 1.2x | 1.0x | 1.3x | 1.0x |
| Interest coverage | 7.8x | 6.9x | 9.2x | 9.1x | 8.3x |
| Returns and quality | |||||
| Return on capital | 37.3% | 34.8% | 37.1% | 40.4% | 28.6% |
| Return on equity | — | — | — | 130.0% | 104.7% |
| Piotroski F-score | 8 | 5 | 7 | 8 | 6 |
| Altman Z'' | 2.0 | 1.6 | 1.6 | 2.5 | 1.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$101M
8 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Motorola Solutions · MSI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Motorola Solutions MSI | $81.2B | 8.0% | 25.6% | 22.0% | 28.6% | 38.2x | 6 |
| Arista Networks ANET | $226.2B | 28.6% | 42.8% | 47.2% | — | 55.9x | 4 |
| Ciena CIEN | $49.0B | 18.8% | 4.1% | 14.0% | 5.1% | 75.0x | 7 |
| Viasat VSAT | $9.1B | 2.7% | 2.3% | 32.2% | 0.6% | — | 6 |
| Ubiquiti UI | $35.4B | 27.2% | 36.2% | 27.8% | 104.2% | — | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $485.62 a share, the company is worth $81.2B: 38.2 times its earnings of the last four quarters.
Motorola Solutions grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000068505). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.