— Know what they know.
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Not Investment Advice

MSI

NYSE · USD
Motorola Solutions, Inc.
Technology · Communication Equipment
CEO Gregory Q. Brown Employees 23,000 R&D / revenue 8.3%
Last price
$463.10+1.47%last session
Market cap
$76.6B
P/E (TTM)
36.1x
From 52w high
−6.4%
From 52w low
+28.9%
1-year return
+6.3%
RSI 14 · vs SMA200
57.9 · +6.5%
IS score
65.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MSI   SPY   XLK (sector ETF) · weekly closes
80100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116MSI 106

Score DNA

Each bar is a 0-100 score within the scored universe
78
Profitability
58
Growth
41
Value
77
Momentum
90
Risk (safety)
64
Quality
34
Balance sheet
69
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for MSI (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 7 / 9Altman Z 4.0Beta 0.883 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
12 open-market sales, $8.5M
Form 144 notices (12m): 15, $137.6M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−21
130 new holders, 134 closed
1,477 filers hold 89.5% · 513 added, 603 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+197
1,300 funds adding shares
1,103 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.0%
20-day avg 46.1%, 50-day avg 53.9%
Latest 1.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$11.7B
Revenue growth YoY+8.0%
Gross margin50.2%
Operating income$2.9B
Operating margin25.1%
Net income$2.2B
Net margin18.4%
EPS (diluted)$12.76
Cash flow
Operating cash flow$2.8B
Capital expenditure$265.0M
Free cash flow$2.6B
FCF conversion (FCF / OCF)90.7%
Stock-based compensation$293.0M
FCF less SBC$2.3B
Buybacks$1.2B
Dividends$728.0M
Balance sheet & returns
Cash & short-term investments$1.2B
Total debt$9.2B
Net debt$8.0B
Shareholders' equity$2.4B
Goodwill & intangibles$9.9B
Debt / equity3.60
ROE (TTM)85.8%
ROIC (TTM)16.4%
Operating margin by fiscal year
20.4%FY202118.2%FY202223.0%FY202324.8%FY202425.1%FY2025
Revenue $8.2B (FY2021) to $11.7B (FY2025), a 9.3% CAGR.

Valuation

P/E (TTM)36.1x
EV / EBITDA22.7x
Price / sales6.26x
Price / FCF28.6x
FCF yield3.49%
Buyback yield1.51%
SBC / revenue2.9%
Price / book28.74x
Forward P/E FY202626.1x
Forward P/E FY202724.1x
Forward P/E FY202821.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $525.17 across 6 analysts last quarter is theirs, not ours.

MSI vs industry median

164 companies in Communication Equipment
Gross margin 50.0% 42.0% Operating margin 25.0% -1.1% Net margin 17.4% -3.5% ROIC 16.4% 1.4%
MSI (TTM)Industry median Asset turnover 0.64 vs industry 0.71 · financial leverage 7.20

Earnings delivery

Next report 2026-10-29 · consensus EPS $4.42
100%
beat rate, 12 of 12 quarters
+6.1%
median EPS surprise
12
longest beat streak
+6+7+11+8+11+4+6+7+5+6+4+15
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-05. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MSI Motorola Solutions, Inc. $76.6B36.1x85.8%17.4%+8.0% +6.3%
LITE Lumentum Holdings Inc. $74.7Bn/m-240.0%—+83.2% +404.9%
CIEN Ciena Corporation $47.2B72.0x22.4%15.9%+32.6% +95.0%
UI Ubiquiti Inc. $36.4B37.9x91.1%30.4%+27.2% −20.1%
ZBRA Zebra Technologies Corporati $17.5B34.5x15.3%15.0%+12.7% +25.5%
CSCO Cisco Systems, Inc. $423.4B32.0x27.3%22.4%+11.8% —
VIAV Viavi Solutions Inc. $8.2Bn/m-2.7%7.4%+40.0% —
VSAT Viasat, Inc. $8.1Bn/m-0.6%-4.5%+1.3% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-09-09Other Events; Exhibits
2026-08-17Other Events; Exhibits
2026-08-05Earnings Release; Exhibits
2026-05-20Shareholder Vote
2026-05-07Earnings Release; Exhibits
2026-03-12Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits

Context

Shares outstanding165,494,000
Free float99.6%
Institutional ownership89.5%
Beta0.88
Dividend yield1.05%
Last dividend$1.21 on 2026-09-16
50 / 200-day average$464.31 / $434.44
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MSI sits among 22 scored companies in Communication Equipment (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMSIIndustry medianIndustry percentileSector median
P/E (TTM) 35.9x 37.9x
42nd		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 2.71 2.71
50th		 1.36
Price / sales 6.3x 3.0x
67th		 3.9x
Price / book 28.7x 3.9x
95th		 4.4x
Price / tangible book —
Price / free cash flow 28.6x 26.9x
56th		 20.3x
Price / operating cash flow 25.8x 23.3x
56th		 17.9x
Enterprise value $85.5B $2.8B
95th		 $5.5B
EV / sales 7.0x 3.2x
71st		 4.1x
EV / EBITDA 22.5x 22.5x
50th		 18.9x
EV / EBIT 26.6x 30.3x
28th		 26.7x
EV / free cash flow 32.0x 24.8x
56th		 21.9x
Earnings yield 2.8% 1.4%
76th		 2.0%
FCF yield 3.5% 2.9%
57th		 3.3%
Operating cash flow yield 3.9% 3.6%
52nd		 4.4%
Graham number (per share) $67.74 $22.27
75th		 $28.08

Profitability (TTM)

MeasureMSIIndustry medianIndustry percentileSector median
Gross margin 50.0% 43.9%
71st		 55.7%
EBITDA margin 31.1% 12.4%
81st		 13.7%
Operating margin 25.0% 5.4%
95th		 8.2%
EBIT margin 26.3% 6.7%
86th		 8.6%
Net margin 17.4% 4.1%
86th		 5.7%
NOPAT margin 19.4% 4.3%
86th		 7.0%
FCF margin 21.9% 9.3%
86th		 15.0%
Operating cash flow margin 24.3% 12.8%
81st		 18.4%
R&D / revenue 8.3% 13.3%
19th		 12.9%
SG&A / revenue 15.7% 21.8%
14th		 25.6%
Stock comp / revenue 2.9% 3.6%
40th		 4.4%
Effective tax rate 22.7% 21.0%
78th		 21.0%

Returns on capital

MeasureMSIIndustry medianIndustry percentileSector median
ROE (on average equity) 92.0% 7.0%
100th		 9.4%
ROA 12.0% 4.1%
95th		 4.1%
ROIC 20.5% 9.1%
81st		 9.0%
ROCE 23.5% 6.8%
95th		 8.6%
Return on tangible assets 18.0% 5.1%
95th		 5.9%
Cash ROIC (OCF / invested capital) 25.7% 17.0%
76th		 20.7%
Gross profitability (GP / assets) 31.8% 32.1%
48th		 30.0%
ROIC, 3-yr average 18.5% 8.3%
87th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 36.8% 6.0%
70th		 15.3%

Growth

MeasureMSIIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 10.3% 15.6%
30th		 14.3%
Revenue growth (QoQ) 15.4% 8.3%
71st		 6.6%
Revenue CAGR, 3 yr 8.2% 7.5%
55th		 9.6%
Revenue CAGR, 5 yr 9.2% 9.2%
50th		 11.5%
Gross profit CAGR, 3 yr 9.8% 9.8%
50th		 10.9%
Operating income CAGR, 3 yr 15.7% 3.0%
77th		 11.3%
Net income growth (TTM YoY) 0.9% 14.2%
25th		 21.6%
Net income CAGR, 3 yr 12.0% 8.5%
56th		 9.9%
EPS growth (TTM YoY) 1.8% 10.5%
38th		 22.3%
EPS CAGR, 3 yr 13.2% 10.2%
56th		 11.2%
EPS CAGR, 5 yr 13.9% 9.4%
67th		 12.0%
FCF growth (TTM YoY) 12.3% 6.0%
57th		 24.6%
FCF CAGR, 3 yr 21.4% 38.9%
45th		 19.3%
Operating cash flow CAGR, 3 yr 19.4% 41.8%
43rd		 17.9%
Book value CAGR, 3 yr 101.5% 6.1%
100th		 6.8%
Dividend CAGR, 3 yr 4.5% — 3.1%
Sustainable growth rate 59.0% 18.0%
92nd		 14.2%

Margin history & stability

MeasureMSIIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 50.6% 40.6%
70th		 53.2%
Operating margin, 3-yr average 24.9% 5.3%
95th		 6.6%
Net margin, 3-yr average 16.9% 0.6%
90th		 5.2%
FCF margin, 3-yr average 21.7% 8.4%
90th		 12.7%
Revenue stability (0-1) 1.00 0.65
100th		 0.87
Earnings stability (0-1) 0.88 0.29
100th		 0.45
Margin stability (0-1) 0.97 0.93
85th		 0.95

Liquidity (latest quarter)

MeasureMSIIndustry medianIndustry percentileSector median
Cash & short-term investments $710.0M $249.9M
76th		 $494.1M
Net cash (− = net debt) −$8.9B $82.6M
5th		 $49.8M
Working capital $553.0M $381.5M
57th		 $391.0M
Current ratio 1.10 2.05
14th		 1.92
Quick ratio 0.86 1.63
19th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.13 0.93
5th		 0.95
Defensive interval (days) 400 days 530 days
33rd		 521 days

Leverage & solvency (latest quarter)

MeasureMSIIndustry medianIndustry percentileSector median
Total debt $9.6B $162.3M
95th		 $349.3M
Debt / equity 3.60 0.17
100th		 0.29
Net debt / equity 3.33 −0.21
100th		 −0.13
Debt / assets 50.0% 11.9%
100th		 16.9%
Debt / capital 78.3% 14.2%
100th		 22.3%
Debt / EBITDA 2.53 1.48
67th		 1.78
Net debt / EBITDA 2.34 −0.44
89th		 −0.18
Interest coverage (EBIT / interest) 7.2x 9.1x
47th		 5.8x
Cash interest coverage 6.7x 6.7x
50th		 12.8x
Debt payback (years of OCF) 3.2 yrs 2.1 yrs
78th		 1.6 yrs
Liabilities / assets 86.0% 44.8%
95th		 48.7%
IS credit model rating A- — —
Implied credit spread (bps) 175 150
57th		 175

Efficiency

MeasureMSIIndustry medianIndustry percentileSector median
Asset turnover 0.69 0.69
48th		 0.62
Fixed asset turnover 10.49 10.93
48th		 9.25
Inventory turnover 5.6 3.7
81st		 3.8
Receivables turnover 6.1 6.1
48th		 6.2
Days sales outstanding 60 days 60 days
52nd		 59 days
Days inventory outstanding 65 days 99 days
19th		 94 days
Days payables outstanding 66 days 61 days
67th		 46 days
Cash conversion cycle (days) 59 days 99 days
19th		 50 days
Capex / revenue 2.4% 2.5%
48th		 2.3%
Capex / depreciation 0.50 0.63
43rd		 0.56
Operating expense ratio 27.7% 35.1%
33rd		 44.3%

Cash flow & earnings quality

MeasureMSIIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.39 1.61
33rd		 1.61
FCF / net income 1.25 1.25
50th		 1.33
FCF / operating cash flow 90.0% 78.0%
78th		 88.0%
Capex / operating cash flow 10.0% 22.0%
22nd		 12.0%
Accruals ratio -4.7% -6.0%
67th		 -6.3%
Sloan accruals ratio -18.4% -0.4%
5th		 -1.8%
Earnings quality score (0-1) 1.00 0.75
75th		 0.75

Dividends & buybacks

MeasureMSIIndustry medianIndustry percentileSector median
Dividend yield 1.0% 0.0%
95th		 0.0%
Dividend per share (TTM) $4.84 $0.00
95th		 $0.00
Payout ratio (dividends / net income) 35.9% 0.0%
92nd		 0.0%
Dividends / FCF 28.6% 0.0%
94th		 0.0%
Dividend growth (YoY) 11.8% -0.3%
80th		 4.1%
Buyback yield 1.3% 1.3%
52nd		 1.2%
Shareholder yield (dividends + buybacks) 2.3% 1.2%
55th		 1.7%
Share count change (YoY) -0.9% 1.1%
30th		 0.1%
Buybacks, last 5 years $4.6B $120.2M
95th		 $215.3M

Scores & forensic checks

MeasureMSIIndustry medianIndustry percentileSector median
IS score 66 51
71st		 56
IS profitability 78 38
90th		 40
IS growth 58 68
40th		 65
IS value 41 38
71st		 39
IS momentum 77 77
55th		 78
IS risk (safety) 90 85
52nd		 100
IS quality 64 59
52nd		 67
IS balance sheet 34 76
5th		 72
IS earnings quality 69 55
71st		 61
IS cash flow 71 53
81st		 66
Piotroski F-score (0-9) 7 6
71st		 6
Altman Z-score 4.0 3.6
52nd		 4.0
Beneish M-score −2.62 −2.52
30th		 −2.58
Ohlson O-score −6.34 −7.42
95th		 −8.00
IS credit score 66 73
43rd		 69

Per share

MeasureMSIIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $12.76 $0.30
95th		 $0.84
Book value per share $15.98 $14.30
52nd		 $9.77
Tangible book per share −$43.10 $3.49
0th		 $3.22
Revenue per share $73.18 $13.56
95th		 $13.00
FCF per share $16.01 $1.00
95th		 $1.78
Operating cash flow per share $17.79 $1.31
95th		 $2.40
Cash per share $4.25 $3.55
57th		 $4.50

Size (TTM)

MeasureMSIIndustry medianIndustry percentileSector median
Market cap $76.6B $3.2B
95th		 $4.7B
Revenue $12.2B $1.1B
95th		 $1.2B
EBITDA $3.8B $90.8M
95th		 $185.8M
Net income $2.1B $30.4M
95th		 $84.9M
Free cash flow $2.7B $74.8M
95th		 $170.6M
Total assets $19.2B $2.2B
95th		 $2.4B
Shareholders' equity $2.7B $1.4B
76th		 $1.1B
Employees 23,000 3,082
95th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-02Lashier Mark E
Director
 Award / grant 62$447.41$27,7391,117
2026-09-03Moore Kathryn A
SVP, HUMAN RESOURCES
 Tax withholding 38$472.23$17,7841,245
2026-09-02Brown Gregory Q
Director, Chairman and CEO
 Open-market sale 2,400$487.14$1.2M78,468
2026-09-02Brown Gregory Q
Director, Chairman and CEO
 Open-market sale 4,650$486.10$2.3M73,818
2026-09-02Brown Gregory Q
Director, Chairman and CEO
 Open-market sale 1,600$485.16$776,25772,218
2026-09-02Brown Gregory Q
Director, Chairman and CEO
 Open-market sale 5,570$483.68$2.7M66,648
2026-08-21Brown Gregory Q
Director, Chairman and CEO
 Gift 8,808——0
2026-08-21Brown Gregory Q
Director, Chairman and CEO
 Gift 4,404——17,650
2026-08-21Brown Gregory Q
Director, Chairman and CEO
 Gift 4,404——18,747
2026-08-21Moore Kathryn A
SVP, HUMAN RESOURCES
 Option exercise 152$216.21$32,8641,620
2026-08-21Moore Kathryn A
SVP, HUMAN RESOURCES
 Option exercise 317$222.30$70,4691,937
2026-08-21Moore Kathryn A
SVP, HUMAN RESOURCES
 Option exercise 349$244.17$85,2152,286

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired94,314$55,635
GiftDisposed28,974—
GiftAcquired28,808—
Open-market saleDisposed1217,663$8.5M
Option exerciseDisposed51,880$533,767
Option exerciseAcquired51,880$533,767
Tax withholdingDisposed138$17,784
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 15 notices · 217,180 shares · $137.6M
FiledFilerShares proposedEst. proceeds
2026-09-02Gregory Q Brown14,220$6.9M
2026-08-21Kathryn Moore1,005$479,342
2026-08-12Ayanna M Howard685$321,618
2026-08-07Katherine Ann Maher1,757$36.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 11 trades (10 purchases) · Senate 3 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-03-31Jared MoskowitzHousePurchase$1,001 - $15,0002026-05-01
2026-03-31Jared MoskowitzHousePurchase$1,001 - $15,0002026-05-01
2026-03-30Jared MoskowitzHousePurchase$1,001 - $15,0002026-05-01
2025-12-17John BoozmanSenateSale$1,001 - $15,0002026-01-13
2025-12-17John BoozmanSenateSale (Partial)$1,001 - $15,0002026-01-12
2025-12-17John BoozmanSenateSale (Partial)$1,001 - $15,0002026-01-12
2025-02-26John BoozmanSenatePurchase$1,001 - $15,0002025-03-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.15,900,993$6.6B9.61%
VANGUARD CAPITAL MANAGEMENT LLC10,844,275$4.5B6.55%
VANGUARD PORTFOLIO MANAGEMENT LLC9,714,700$4.0B5.87%
STATE STREET CORP7,849,952$3.3B4.74%
GEODE CAPITAL MANAGEMENT, LLC4,140,011$1.7B2.50%
FMR LLC3,931,639$1.6B2.38%
RAYMOND JAMES FINANCIAL INC3,300,873$1.4B1.99%
AMERIPRISE FINANCIAL INC2,927,778$1.2B1.77%
Orbis Allan Gray Ltd2,389,623$992.4M1.44%
NORGES BANK2,354,901$978.0M1.42%
GOLDMAN SACHS GROUP INC2,168,188$900.4M1.31%
Aristotle Capital Management, LLC2,097,026$870.9M1.27%
DEUTSCHE BANK AG\1,612,429$669.6M0.97%
MORGAN STANLEY1,457,283$605.2M0.88%
Amundi1,367,502$567.9M0.83%

Institutional ownership by quarter

2023-092026-0689.5%
% of shares held by 13F filers
2023-092026-061,477
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,47789.5%130513603134
2026-03-311,49885.8%215587476108
2025-12-311,41185.9%179476548159
2025-09-301,41885.6%125538493115
2025-06-301,43087.2%148574470104
2025-03-311,40587.1%138524494124
2024-12-311,41387.0%21151645781
2024-09-301,31785.8%16047545753
2024-06-301,22085.3%14548537266
2024-03-311,15684.0%12641640277
2023-12-311,12884.3%18636538949
2023-09-301,00783.3%7836836369

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%12,414,905
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.8%9,664,582
2026-02-13SCHEDULE 13G/ACapital World Investors0.5%898,401
2025-10-31SCHEDULE 13G/AThe Vanguard Group13.3%22,171,722
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.3B
VTSAX0.10%$2.3B
VTI0.10%$2.3B
VSMPX0.10%$2.3B
VFIAX0.11%$1.9B
VFFSX0.11%$1.9B

Share structure

Shares outstanding165,494,000
Float164,860,820
Free float99.6%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$8.2B$9.1B$10.0B$10.8B$11.7B
Cost of revenue$4.1B$4.9B$5.0B$5.3B$5.8B
Gross profit$4.0B$4.2B$5.0B$5.5B$5.9B
R&D$734.0M$779.0M$858.0M$917.0M$971.0M
SG&A$1.4B$1.4B$1.6B$1.8B$1.9B
Operating income$1.7B$1.7B$2.3B$2.7B$2.9B
EBITDA$2.2B$2.2B$2.8B$2.6B$3.5B
Pretax income$1.6B$1.5B$2.1B$2.0B$2.8B
Income tax$302.0M$148.0M$432.0M$390.0M$652.0M
Net income$1.2B$1.4B$1.7B$1.6B$2.2B
EPS, diluted$7.17$7.93$9.93$9.23$12.76
Diluted shares173.6M171.9M172.1M170.8M168.1M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.9B$1.3B$1.7B$2.1B$1.2B
Receivables$2.5B$2.5B$2.8B$3.2B$3.8B
Inventory$788.0M$1.1B$827.0M$766.0M$983.0M
Total current assets$5.4B$5.3B$5.7B$6.5B$6.3B
PP&E, net$1.4B$1.4B$1.5B$1.6B$1.7B
Goodwill & intangibles$3.7B$4.7B$4.7B$4.8B$9.9B
Total assets$12.2B$12.8B$13.3B$14.6B$19.4B
Accounts payable$851.0M$1.2B$881.0M$1.2B$1.3B
Total current liabilities$4.1B$4.6B$5.7B$5.1B$6.1B
Long-term debt$5.7B$6.0B$4.7B$5.7B$8.4B
Total liabilities$12.2B$12.7B$12.6B$12.9B$17.0B
Shareholders' equity−$23.0M$131.0M$739.0M$1.7B$2.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.2B$1.4B$1.7B$1.6B$2.2B
Depreciation & amortization$438.0M$440.0M$356.0M$336.0M$425.0M
Stock-based compensation$129.0M$172.0M$212.0M$243.0M$293.0M
Change in working capital−$34.0M−$329.0M−$244.0M−$156.0M−$138.0M
Operating cash flow$1.8B$1.8B$2.0B$2.4B$2.8B
Capital expenditure−$243.0M−$256.0M−$253.0M−$257.0M−$265.0M
Free cash flow$1.6B$1.6B$1.8B$2.1B$2.6B
Investing cash flow−$742.0M−$1.4B−$414.0M−$507.0M−$5.2B
Net debt issued / repaid$491.0M$310.0M−$1.0M−$618.0M$3.1B
Buybacks−$528.0M−$836.0M−$804.0M−$247.0M−$1.2B
Dividends paid−$482.0M−$530.0M−$589.0M−$654.0M−$728.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin49.4%46.4%49.8%51.0%50.2%
Operating margin20.4%18.2%23.0%24.8%25.1%
Net margin15.2%15.0%17.1%14.6%18.4%
FCF margin19.5%17.2%17.9%19.7%22.0%
ROE-416.4%3,586.8%406.9%130.0%104.7%
ROIC31.8%28.1%32.9%35.0%20.5%
ROA10.8%10.9%13.1%11.3%12.7%
Debt / equity-153.2556.479.053.854.05
Interest coverage8.2x7.3x9.7x7.7x8.7x
Current ratio1.331.151.001.281.04
Revenue growth+10.2%+11.5%+9.5%+8.4%+8.0%
EPS growth+30.7%+10.9%+25.7%−7.3%+38.8%
P/E at year end36.3x31.4x30.8x49.5x29.9x
EV / EBITDA at year end22.4x21.9x20.7x31.7x20.1x
FCF yield at year end3.53%3.66%3.41%2.73%3.99%
Dividend payout38.7%38.9%34.5%41.5%33.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Product$4.6B$5.4B$5.8B$6.5B$6.8B
Service$3.6B$3.7B$4.2B$4.4B$4.9B

Revenue by region · FY2025

North America$8.4B · 72%
International$2.7B · 23%
UNITED KINGDOM$603.0M · 5%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $4.42 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$13.0B$12.9B – $13.0B$17.71$17.66 – $17.77526.1x
2027$13.8B$13.6B – $14.1B$19.18$18.45 – $19.94524.1x
2028$14.8B$14.6B – $14.9B$21.23$20.79 – $21.99321.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-05$3.85$4.41+14.5%$3.0B$3.1B+4.4%
2026-05-07$3.24$3.37+4.0%$2.7B$2.7B+0.6%
2026-02-11$4.35$4.59+5.5%$3.3B$3.4B+1.1%
2025-10-30$3.85$4.06+5.5%$3.0B$3.0B+0.7%
2025-08-07$3.35$3.57+6.6%$2.7B$2.8B+1.2%
2025-05-01$3.01$3.18+5.6%$2.5B$2.5B+0.5%
2025-02-13$3.89$4.04+3.9%$3.0B$3.0B+0.6%
2024-11-07$3.38$3.74+10.7%$2.8B$2.8B+1.2%
2024-08-01$3.01$3.24+7.6%$2.6B$2.6B+1.6%
2024-05-02$2.53$2.81+11.1%$2.3B$2.4B+1.9%
2024-02-08$3.63$3.90+7.4%$2.8B$2.8B+1.2%
2023-11-02$3.02$3.19+5.6%$2.5B$2.6B+0.7%
2023-08-03$2.51$2.65+5.6%$2.4B$2.4B+2.0%
2023-05-04$2.06$2.22+7.8%$2.1B$2.2B+2.1%
2023-02-09$3.43$3.60+5.0%$2.5B$2.7B+6.7%
2022-11-03$2.88$3.00+4.2%$2.3B$2.4B+2.5%
2022-08-04$1.87$2.07+10.7%$2.1B$2.1B+4.0%
2022-05-12$1.61$1.70+5.6%$1.8B$1.9B+3.5%
2022-02-09$2.74$2.85+4.0%$2.3B$2.3B−0.3%
2021-11-04$2.13$2.35+10.3%$2.0B$2.1B+3.2%
2021-08-05$1.92$2.07+7.8%$1.9B$2.0B+1.7%
2021-05-06$1.62$1.87+15.4%$1.8B$1.8B+1.3%
2021-02-04$2.74$2.86+4.4%$2.2B$2.3B+1.4%
2020-10-29$1.76$1.95+10.8%$1.7B$1.9B+9.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-150.606-220.406-290.507-060.507-130.407-200.607-270.908-030.508-100.908-170.508-240.708-31
Week ofNotionalSharesTrades
2026-08-31$698.1M1,450,73258,779
2026-08-24$537.5M1,107,88145,505
2026-08-17$878.0M1,844,67363,887
2026-08-10$490.5M1,054,99750,249
2026-08-03$863.4M1,890,31971,248
2026-07-27$572.3M1,322,86960,588

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1545.0%
DateShort shareShort volumeTotal volume
2026-10-1545.0%155,175344,724
2026-10-1455.3%161,486292,190
2026-10-1356.8%178,590314,219
2026-10-1255.0%146,372266,074
2026-10-0935.3%126,839359,747
2026-10-0840.2%113,548282,561
2026-10-0752.9%155,286293,717
2026-10-0640.9%180,286440,584
2026-10-0540.7%130,698321,355
2026-10-0255.4%133,098240,178
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.3Jan+1.1Feb+2.9Mar+0.7Apr+0.4May+0.0Jun+4.0Jul+3.6Aug+1.6Sep-0.3Oct+1.5Nov+0.3Dec
MonthAvg returnUp yearsYears
Jan−2.3%45%20
Feb+1.1%60%20
Mar+2.9%62%21
Apr+0.7%55%20
May+0.4%45%20
Jun+0.0%55%20
Jul+4.0%70%20
Aug+3.6%65%20
Sep+1.6%60%20
Oct−0.3%70%20
Nov+1.5%65%20
Dec+0.3%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1457.9
MFI59.6
ADX18.0
Stochastic %K / %D68.8 / 53.3
Williams %R-21.1
CCI144
TSI / signal-6.9 / -10.2
Chaikin money flow-0.19
ATR$8.51
Bollinger width5.0%
Volume vs 20-day avg1.56x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$452.39 (+2.4%)
SMA 50$463.87 (−0.2%)
SMA 200$434.66 (+6.5%)
EMA 21$454.29 (+1.9%)
EMA 50$453.84 (+2.0%)
EMA 200$438.01 (+5.7%)
Bollinger upper$463.61 (−0.1%)
Bollinger lower$441.16 (+5.0%)
Parabolic SAR$441.46 (+4.9%)
Open the live chart, 110+ indicators

About Motorola Solutions, Inc.

Motorola Solutions, Inc. delivers essential communication and data analysis capabilities vital for critical operations across the United States, the United Kingdom, Canada, and other international markets. The company structures its extensive operations into two primary segments: Products and Systems Integration, and Software and Services. The Products and Systems Integration division offers a comprehensive suite of infrastructure, various devices, accessories, and video security solutions, alongside expert services for the deployment and seamless integration of systems, hardware, software, and specialized applications. This segment caters to governmental bodies, public safety agencies, and commercial enterprises that rely on private communication networks, advanced video security systems, and robust tools for managing mobile workforces. Their product portfolio spans land mobile radio (LMR) communication equipment, such as portable and vehicle-mounted two-way radios, as well as video security and access control hardware, including fixed and mobile cameras. It also encompasses core radio network software and central processing systems, base stations, consoles, and repeaters, in addition to sophisticated video analytics, network video management hardware and software, and access control solutions. Conversely, the Software and Services segment focuses on providing critical support and advanced software. This includes hardware repair, comprehensive technical assistance, and ongoing maintenance. Furthermore, the segment delivers proactive monitoring, regular software updates, and robust cybersecurity services. It develops specialized public safety and enterprise command center software, unified communications applications, and video software solutions, which are accessible through both on-premise installations and cloud-based "as a service" models. Like the product division, this segment also serves government, public safety, and commercial clientele. Motorola Solutions, Inc. was established in 1928, initially operating as Motorola, Inc. before adopting its current name in January 2011. Its corporate headquarters are situated in Chicago, Illinois.

https://www.motorolasolutions.com

Key executives

NameTitlePayBorn
Gregory Q. BrownChairman & Chief Executive Officer$6.4M1960
John MolloyExecutive Vice President & Chief Operating Officer$2.8M1972
Jason J. WinklerExecutive Vice President & Chief Financial Officer$2.5M1974
Mahesh SaptharishiExecutive Vice President & Chief Technology Officer$2.5M1978
Rajan S. NaikSenior Vice President of Strategy & Ventures$1.6M1972
Cynthia YazdiSenior VP and Chief of Staff to the Chairman & CEO—1965
James A. NiewiaraSenior Vice President & General Counsel—1969
Kathryn MooreSenior Vice President of Human Resources—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Gregory Q. Brown Chairman and Chief Executive Officer2012$1.2M$1.3M$3.4M$10.3M
Eugene A. Delaney Executive Vice President2012$593,231$252,704$720,000$3.5M
Mark F. Moon Executive Vice President and President, Sales & Product Operations2012$561,462$379,081$680,000$2.5M
Edward J. Fitzpatrick Executive Vice President and Chief Financial Officer2012$561,462$157,934$600,000$1.7M
Lewis A. Steverson Senior Vice President, General Counsel and Secretary2012$452,000$157,934$400,000$1.4M

Employees

16k201817k201918k202019k202120k202221k202321k202423k2025

Dividends

Ex-dateAmountPaid
2026-09-16$1.212026-10-15
2026-06-17$1.212026-07-15
2026-03-20$1.212026-04-15
2025-12-15$1.212026-01-15
2025-09-15$1.092025-10-15
2025-06-13$1.092025-07-15
2025-03-14$1.092025-04-15
2024-12-13$1.092025-01-15

Moat model

Narrow · Efficient Scale · 2026-07-04
Cost advantage60
Intangibles67
Switching costs60
Network effect55
Efficient scale80
Our component scores (0-100) and overall 64.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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