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Motorola Solutio Financials

MSI
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Motorola Solutio (MSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 59 / 100
Financial Profile 59/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
79

Motorola Solutio has an operating margin of 25.6%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 24.9% the prior year.

Growth
47

Motorola Solutio's revenue grew 8.0% year-over-year to $11.7B, a solid pace of expansion. This earns a growth score of 47/100.

Leverage
31

Motorola Solutio has a moderate D/E ratio of 3.49. This balance of debt and equity financing earns a leverage score of 31/100.

Liquidity
16

Motorola Solutio's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow
80

Motorola Solutio converts 22.0% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 80/100.

Returns
100

Motorola Solutio earns a strong 89.4% return on equity (ROE), meaning it generates $89 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 92.6% the prior year.

Altman Z-Score Safe
3.88

Motorola Solutio scores 3.88, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($72.7B) relative to total liabilities ($17.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Motorola Solutio passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.32x

For every $1 of reported earnings, Motorola Solutio generates $1.32 in operating cash flow ($2.8B OCF vs $2.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
8.3x

Motorola Solutio earns $8.3 in operating income for every $1 of interest expense ($3.0B vs $360.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$11.7B
YoY+8.0%
5Y CAGR+9.5%
10Y CAGR+7.4%

Motorola Solutio generated $11.7B in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.

EBITDA
$3.4B
YoY+12.9%
5Y CAGR+13.8%
10Y CAGR+11.6%

Motorola Solutio's EBITDA was $3.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.9% from the prior year.

Net Income
$2.2B
YoY+36.6%
5Y CAGR+17.8%
10Y CAGR+13.4%

Motorola Solutio reported $2.2B in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EPS (Diluted)
$12.75
YoY+38.1%
5Y CAGR+18.5%
10Y CAGR+15.5%

Motorola Solutio earned $12.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 38.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$2.6B
YoY+20.5%
5Y CAGR+13.0%
10Y CAGR+11.8%

Motorola Solutio generated $2.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 20.5% from the prior year.

Cash & Debt
$1.2B
YoY-44.6%
5Y CAGR-1.5%
10Y CAGR-5.2%

Motorola Solutio held $1.2B in cash against $8.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
$4.48
YoY+11.2%
5Y CAGR+11.2%
10Y CAGR+12.1%

Motorola Solutio paid $4.48 per share in dividends in fiscal year 2025. This represents an increase of 11.2% from the prior year.

Shares Outstanding
166M
YoY-0.8%
5Y CAGR-0.4%
10Y CAGR-0.5%

Motorola Solutio had 166M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Gross Margin
51.7%
YoY+0.7pp
5Y CAGR+3.0pp
10Y CAGR+3.9pp

Motorola Solutio's gross margin was 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin
25.6%
YoY+0.7pp
5Y CAGR+6.9pp
10Y CAGR+8.1pp

Motorola Solutio's operating margin was 25.6% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.

Net Margin
18.4%
YoY+3.9pp
5Y CAGR+5.6pp
10Y CAGR+7.7pp

Motorola Solutio's net profit margin was 18.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.

Return on Equity
89.4%
YoY-3.2pp

Motorola Solutio's ROE was 89.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$970.0M
YoY+5.8%
5Y CAGR+7.2%
10Y CAGR+4.6%

Motorola Solutio invested $970.0M in research and development in fiscal year 2025. This represents an increase of 5.8% from the prior year.

Share Buybacks
$1.2B
YoY+373.0%
5Y CAGR+13.5%
10Y CAGR-9.6%

Motorola Solutio spent $1.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 373.0% from the prior year.

Capital Expenditures
$265.0M
YoY+3.1%
5Y CAGR+4.1%
10Y CAGR+4.2%

Motorola Solutio invested $265.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.1% from the prior year.

MSI Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $3.4B+12.3% $3.0B+8.8% $2.8B+9.4% $2.5B-16.0% $3.0B+7.9% $2.8B+6.2% $2.6B+10.0% $2.4B
Cost of Revenue $1.6B+10.8% $1.5B+7.6% $1.4B+10.1% $1.2B-16.0% $1.5B+7.7% $1.4B+5.3% $1.3B+7.7% $1.2B
Gross Profit $1.8B+13.8% $1.6B+10.0% $1.4B+8.7% $1.3B-16.0% $1.5B+8.0% $1.4B+7.0% $1.3B+12.3% $1.2B
R&D Expenses $269.0M+13.5% $237.0M+2.6% $231.0M-0.9% $233.0M-4.9% $245.0M+4.7% $234.0M+6.4% $220.0M+0.9% $218.0M
SG&A Expenses $499.0M+2.9% $485.0M+7.8% $450.0M+3.2% $436.0M-10.3% $486.0M+10.7% $439.0M+2.1% $430.0M+8.3% $397.0M
Operating Income $944.0M+22.6% $770.0M+11.3% $692.0M+18.9% $582.0M-28.5% $814.0M+14.5% $711.0M+10.4% $644.0M+24.1% $519.0M
Interest Expense $117.0M+13.6% $103.0M+45.1% $71.0M+2.9% $69.0M-6.8% $74.0M+1.4% $73.0M-16.1% $87.0M+42.6% $61.0M
Income Tax $211.0M+31.1% $161.0M-2.4% $165.0M+43.5% $115.0M-34.3% $175.0M+32.6% $132.0M-2.2% $135.0M+359.6% -$52.0M
Net Income $649.0M+15.5% $562.0M+9.6% $513.0M+19.3% $430.0M-29.6% $611.0M+8.7% $562.0M+26.9% $443.0M+1235.9% -$39.0M
EPS (Diluted) N/A $3.33+9.5% $3.04+20.2% $2.53 N/A $3.29+26.5% $2.60+1230.4% $-0.23

MSI Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $19.4B+3.1% $18.8B+14.5% $16.4B+13.7% $14.4B-1.1% $14.6B+5.1% $13.9B+4.1% $13.3B+0.1% $13.3B
Current Assets $6.3B+8.4% $5.8B-24.7% $7.7B+30.8% $5.9B-9.0% $6.5B+11.6% $5.8B+4.3% $5.6B+0.9% $5.5B
Cash & Equivalents $1.2B+30.3% $894.0M-72.1% $3.2B+105.0% $1.6B-25.6% $2.1B+49.7% $1.4B+1.7% $1.4B-8.7% $1.5B
Inventory $983.0M+4.2% $943.0M+9.5% $861.0M+3.4% $833.0M+8.7% $766.0M-6.1% $816.0M+1.6% $803.0M-4.4% $840.0M
Accounts Receivable $2.2B+9.0% $2.0B+9.0% $1.9B+4.6% $1.8B-9.3% $2.0B+5.6% $1.8B+4.9% $1.8B+10.7% $1.6B
Goodwill $6.8B+0.4% $6.8B+76.5% $3.8B0.0% $3.8B+8.9% $3.5B+0.1% $3.5B+3.6% $3.4B-0.3% $3.4B
Total Liabilities $17.0B+3.1% $16.5B+14.0% $14.4B+12.9% $12.8B-0.8% $12.9B+2.6% $12.6B+0.2% $12.5B-2.0% $12.8B
Current Liabilities $6.1B+7.4% $5.7B+26.8% $4.5B-9.3% $4.9B-2.6% $5.1B+8.4% $4.7B+0.5% $4.6B+0.4% $4.6B
Long-Term Debt $8.4B0.0% $8.4B+9.8% $7.7B+34.9% $5.7B0.0% $5.7B0.0% $5.7B-1.2% $5.7B-4.2% $6.0B
Total Equity $2.4B+3.6% $2.3B+18.2% $2.0B+19.9% $1.6B-3.6% $1.7B+28.4% $1.3B+65.3% $802.0M+53.9% $521.0M
Retained Earnings $2.5B-1.7% $2.6B+11.1% $2.3B+5.0% $2.2B-3.3% $2.3B+16.5% $2.0B+22.8% $1.6B+14.9% $1.4B

MSI Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $1.3B+57.4% $798.0M+192.3% $273.0M-46.5% $510.0M-52.3% $1.1B+41.0% $759.0M+321.7% $180.0M-52.9% $382.0M
Capital Expenditures $114.0M+72.7% $66.0M+37.5% $48.0M+29.7% $37.0M-57.0% $86.0M+50.9% $57.0M-16.2% $68.0M+47.8% $46.0M
Free Cash Flow $1.1B+56.0% $732.0M+225.3% $225.0M-52.4% $473.0M-51.9% $984.0M+40.2% $702.0M+526.8% $112.0M-66.7% $336.0M
Investing Cash Flow -$192.0M+95.7% -$4.4B-7291.7% -$60.0M+87.4% -$477.0M-345.8% -$107.0M+62.1% -$282.0M-297.2% -$71.0M-51.1% -$47.0M
Financing Cash Flow -$802.0M-160.2% $1.3B-3.1% $1.4B+330.3% -$597.0M-179.0% -$214.0M+56.4% -$491.0M-112.6% -$231.0M+54.9% -$512.0M
Dividends Paid $182.0M0.0% $182.0M0.0% $182.0M0.0% $182.0M+11.0% $164.0M0.0% $164.0M+0.6% $163.0M0.0% $163.0M
Share Buybacks $490.0M+305.0% $121.0M-44.5% $218.0M-32.9% $325.0M+215.5% $103.0M+232.3% $31.0M-56.3% $71.0M+82.1% $39.0M

MSI Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 52.3%+0.7pp 51.6%+0.5pp 51.1%-0.3pp 51.4%0.0pp 51.4%+0.1pp 51.4%+0.4pp 50.9%+1.0pp 49.9%
Operating Margin 27.9%+2.3pp 25.6%+0.6pp 25.0%+2.0pp 23.0%-4.0pp 27.0%+1.6pp 25.5%+1.0pp 24.5%+2.8pp 21.7%
Net Margin 19.2%+0.5pp 18.7%+0.1pp 18.6%+1.5pp 17.0%-3.3pp 20.3%+0.2pp 20.1%+3.3pp 16.9%+18.5pp -1.6%
Return on Equity 26.9%+2.8pp 24.1%-1.9pp 26.1%-0.1pp 26.2%-9.7pp 35.9%-6.5pp 42.4%-12.9pp 55.2%+62.7pp -7.5%
Return on Assets 3.4%+0.4pp 3.0%-0.1pp 3.1%+0.2pp 3.0%-1.2pp 4.2%+0.1pp 4.0%+0.7pp 3.3%+3.6pp -0.3%
Current Ratio 1.040.0 1.03-0.7 1.73+0.5 1.20-0.1 1.28+0.0 1.25+0.0 1.200.0 1.19
Debt-to-Equity 3.49-0.1 3.61-0.3 3.89+0.4 3.46+0.1 3.33-0.9 4.28-2.9 7.16-4.3 11.50
FCF Margin 33.8%+9.5pp 24.3%+16.2pp 8.1%-10.6pp 18.7%-14.0pp 32.7%+7.5pp 25.2%+20.9pp 4.3%-9.8pp 14.1%

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Frequently Asked Questions

Motorola Solutio (MSI) reported $11.7B in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Motorola Solutio (MSI) revenue grew by 8% year-over-year, from $10.8B to $11.7B in fiscal year 2025.

Yes, Motorola Solutio (MSI) reported a net income of $2.2B in fiscal year 2025, with a net profit margin of 18.4%.

Motorola Solutio (MSI) reported diluted earnings per share of $12.75 for fiscal year 2025. This represents a 38.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Motorola Solutio (MSI) had EBITDA of $3.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Motorola Solutio (MSI) had $1.2B in cash and equivalents against $8.4B in long-term debt.

Motorola Solutio (MSI) had a gross margin of 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Motorola Solutio (MSI) had an operating margin of 25.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Motorola Solutio (MSI) had a net profit margin of 18.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Motorola Solutio (MSI) paid $4.48 per share in dividends during fiscal year 2025.

Motorola Solutio (MSI) has a return on equity of 89.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Motorola Solutio (MSI) generated $2.6B in free cash flow during fiscal year 2025. This represents a 20.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Motorola Solutio (MSI) generated $2.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Motorola Solutio (MSI) had $19.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Motorola Solutio (MSI) invested $265.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Motorola Solutio (MSI) invested $970.0M in research and development during fiscal year 2025.

Yes, Motorola Solutio (MSI) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Motorola Solutio (MSI) had 166M shares outstanding as of fiscal year 2025.

Motorola Solutio (MSI) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

Motorola Solutio (MSI) had a debt-to-equity ratio of 3.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Motorola Solutio (MSI) had a return on assets of 11.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Motorola Solutio (MSI) has an Altman Z-Score of 3.88, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Motorola Solutio (MSI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Motorola Solutio (MSI) has an earnings quality ratio of 1.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Motorola Solutio (MSI) has an interest coverage ratio of 8.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Motorola Solutio (MSI) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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