Also trades as: 0K3H.L (LSE) · $vol 2M · MTLA.DE (XETRA) · $vol 0M

$404.08

+3.84 (+0.96%)

Weekly Expected Move ±6.2%

$344 $369 $393 $418 $442

NYSE · Technology · Communication Equipment · Alpha Radar Strong Sell · Power 37 · $67.1B mcap · 165M float · 0.648% daily turnover · Short 44% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

60.9 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 20.7%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MSI has a Narrow competitive edge (60.9/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Cost Advantage. ROIC of 20.7% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$525

Low

$528

Avg Target

$530

High

Based on 2 analysts since May 7, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 24Hold: 6Sell: 4Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$527.50

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-08	Truist Financial	—	Initiated	$525	—	+34.0%	$391.75
2026-05-08	Raymond James	—	Initiated	$530	—	+35.7%	$390.44
2026-02-12	Piper Sandler	—	$443	$499	+56	+7.2%	$465.69
2026-02-12	Morgan Stanley	—	$436	$470	+34	+1.2%	$464.41
2026-02-12	Barclays	Tim Long	$495	$506	+11	+8.6%	$465.73
2026-01-04	Piper Sandler	James Fish	$495	$443	-52	+16.3%	$381.02
2025-12-17	Morgan Stanley	Meta Marshall	Initiated	$436	—	+19.8%	$363.83
2025-12-01	Northcoast Research	—	Initiated	$450	—	+21.4%	$370.79
2025-10-31	Barclays	Tim Long	$509	$495	-14	+14.6%	$431.98
2025-09-23	Piper Sandler	James Fish	Initiated	$495	—	+5.2%	$470.72
2025-08-29	Evercore ISI	Tim Yocum/Vicki Tzolov	$400	$525	+125	+11.7%	$470.10
2025-08-08	Barclays	Tim Long	Initiated	$509	—	+14.4%	$445.10
2024-08-06	Deutsche Bank	Matt Niknam	$385	$440	+55	+9.5%	$401.69
2024-06-03	Deutsche Bank	Matt Niknam	Initiated	$385	—	+5.5%	$364.91
2024-05-07	Argus Research	Jim Kelleher	Initiated	$410	—	+14.5%	$358.17
2024-03-25	Evercore ISI	Amit Daryanani	Initiated	$400	—	+15.0%	$347.92
2023-01-10	Credit Suisse	—	Initiated	$270	—	+2.9%	$262.35
2022-04-28	Loop Capital Markets	Fahad Najam	Initiated	$295	—	+32.2%	$223.16
2021-08-05	Cowen & Co.	Paul Silverstein	Initiated	$254	—	+12.2%	$226.36

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MSI receives an overall rating of B+. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-04-28	B	B+
2026-04-01	B+	B
2026-03-31	B	B+
2026-02-13	B+	B
2026-02-13	B	B+
2026-02-05	B+	B
2026-02-04	B	B+
2026-02-03	B+	B
2026-01-30	B	B+
2026-01-30	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 63 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MSI scores highest in Safety (90/100) and lowest in Balance Sheet (36/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

3.94

Safe Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✓ ✗ ✓ ✗ ✗

Beneish M-Score

-2.23

Unlikely Manipulator

Ohlson O-Score

-6.19

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

Score: 74.7/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.33x

Accruals: -4.0%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. MSI scores 3.94, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MSI scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MSI's score of -2.23 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MSI's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MSI receives an estimated rating of A (score: 74.7/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MSI's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

32.06x

PEG

12.67x

P/S

5.65x

P/B

26.34x

P/FCF

29.64x

P/OCF

26.55x

EV/EBITDA

23.00x

EV/Revenue

6.94x

EV/EBIT

26.97x

EV/FCF

33.10x

Earnings Yield

2.83%

FCF Yield

3.37%

Shareholder Yield

2.30%

Graham Number

$63.37

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 32.1x earnings, MSI commands a growth premium. Graham's intrinsic value formula yields $63.37 per share, 538% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.772

NI / EBT

Interest Burden

0.887

EBT / EBIT

EBIT Margin

0.257

EBIT / Rev

Asset Turnover

0.698

Rev / Assets

Equity Multiplier

8.263

Assets / Equity

ROE

101.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MSI's ROE of 101.6% is driven by financial leverage (equity multiplier: 8.26x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

16.05%

Fair P/E

40.59x

Intrinsic Value

$504.98

Price/Value

0.87x

Margin of Safety

13.07%

Premium

-13.07%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MSI's realized 16.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $504.98, MSI appears undervalued with a 13% margin of safety. The adjusted fair P/E of 40.6x compares to the current market P/E of 32.1x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$404.00

Median 1Y

$458.32

5th Pctile

$296.86

95th Pctile

$707.23

Ann. Volatility

26.8%

Analyst Target

$527.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Gregory Q. Brown Chairman and Chief Executive Officer	$1,200,000	$1,263,716	$10,325,173
Eugene A. Delaney Executive Vice President	$593,231	$252,704	$3,527,520
Mark F. Moon Executive Vice President and President, Sales Product Operations	$561,462	$379,081	$2,548,469
Edward J. Fitzpatrick Executive Vice President and Chief Financial Officer	$561,462	$157,934	$1,718,175
Lewis A. Steverson	$452,000	$157,934	$1,412,586

CEO Pay Ratio

127:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $10,325,173

Avg Employee Cost (SGA/emp): $81,217

Employees: 23,000

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

23,000

+9.5% YoY

Revenue / Employee

$507,913

Rev: $11,682,000,000

Profit / Employee

$93,652

NI: $2,154,000,000

SGA / Employee

$81,217

Avg labor cost proxy

R&D / Employee

$42,217

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	-1.8%	-2.0%	-4.2%	-4.2%	-4.0%	-3.9%	35.9%	36.2%	39.9%	44.8%	4.1%	3.3%	3.5%	3.7%	1.3%	1.7%	1.7%	1.7%	1.0%	1.0%	1.02%
ROA	10.7%	11.7%	10.8%	11.0%	10.4%	10.2%	10.9%	11.0%	12.1%	13.6%	13.1%	10.6%	11.2%	11.9%	11.3%	14.7%	15.2%	15.2%	12.7%	12.3%	12.30%
ROIC	33.4%	34.8%	31.8%	32.8%	31.7%	31.0%	28.1%	28.4%	30.7%	34.2%	32.9%	35.7%	37.4%	38.8%	35.0%	35.2%	35.6%	36.1%	20.5%	20.7%	20.74%
ROCE	22.0%	24.0%	21.7%	20.9%	20.6%	19.7%	21.2%	23.0%	25.3%	28.4%	31.8%	25.9%	27.4%	28.9%	23.8%	30.5%	31.4%	32.0%	23.1%	22.9%	22.94%
Gross Margin	48.3%	49.6%	51.0%	45.3%	46.3%	43.4%	49.9%	48.2%	49.5%	50.1%	51.1%	49.9%	51.0%	51.4%	51.4%	51.4%	51.1%	49.9%	48.7%	47.4%	47.42%
Operating Margin	18.8%	21.4%	23.7%	12.6%	16.7%	15.7%	25.5%	18.4%	21.6%	25.0%	25.9%	21.7%	24.5%	25.5%	27.0%	23.0%	25.0%	26.0%	26.0%	21.9%	21.92%
Net Margin	14.9%	14.6%	17.3%	14.1%	10.7%	11.8%	21.8%	12.8%	15.4%	18.2%	20.9%	-1.6%	16.9%	20.1%	20.3%	17.0%	18.6%	18.7%	19.2%	13.5%	13.49%
EBITDA Margin	25.2%	27.0%	29.6%	20.5%	22.0%	21.1%	30.8%	23.9%	26.5%	28.9%	30.8%	2.3%	28.5%	30.5%	31.5%	27.6%	30.3%	31.8%	30.6%	27.7%	27.71%
FCF Margin	20.6%	19.6%	19.5%	16.6%	11.8%	11.5%	17.2%	15.0%	15.5%	18.6%	17.9%	21.5%	21.7%	21.7%	19.7%	20.7%	21.5%	21.3%	22.0%	21.0%	20.96%
OCF Margin	23.5%	22.6%	22.5%	19.5%	14.7%	14.4%	20.0%	17.7%	18.1%	21.1%	20.5%	23.9%	24.2%	24.1%	22.1%	23.0%	23.5%	23.4%	24.3%	23.4%	23.41%
ROE 3Y Avg	snapshot only																				1.33%
ROA 3Y Avg	snapshot only																				11.75%
ROIC 3Y Avg	snapshot only																				21.20%
ROIC Economic	snapshot only																				19.13%
Cash ROA	snapshot only																				14.33%
Cash ROIC	snapshot only																				25.23%
CROIC	snapshot only																				22.60%
NOPAT Margin	snapshot only																				19.24%
Pretax Margin	snapshot only																				22.81%
R&D / Revenue	snapshot only																				8.34%
SGA / Revenue	snapshot only																				15.77%
SBC / Revenue	snapshot only																				2.76%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	31.43	30.88	36.25	31.11	28.67	31.51	31.43	34.88	32.48	26.82	30.77	41.65	44.22	48.20	49.52	35.64	33.21	36.34	29.91	35.28	32.056
P/S Ratio	4.60	4.77	5.52	4.76	4.08	4.24	4.70	5.10	5.10	4.64	5.27	5.69	6.21	7.06	7.22	6.66	6.33	6.80	5.52	6.21	5.652
P/B Ratio	-64.99	-69.50	-1128.29	-986.19	-862.28	-925.50	369.29	413.09	424.76	393.46	72.63	80.08	89.42	103.98	45.86	42.82	41.27	45.15	26.74	30.60	26.335
P/FCF	22.33	24.30	28.31	28.71	34.53	36.95	27.34	34.06	32.94	24.98	29.36	26.49	28.63	32.53	36.60	32.11	29.48	31.85	25.05	29.64	29.640
P/OCF	19.57	21.11	24.57	24.37	27.79	29.55	23.50	28.81	28.22	22.03	25.73	23.82	25.68	29.34	32.66	28.95	26.90	29.01	22.71	26.55	26.546
EV/EBITDA	19.82	19.58	22.40	20.44	18.34	20.17	21.92	22.87	21.89	18.65	20.72	27.23	28.75	31.62	31.70	23.83	22.41	23.66	20.72	23.00	23.002
EV/Revenue	5.16	5.32	6.04	5.27	4.58	4.73	5.27	5.66	5.65	5.17	5.76	6.16	6.68	7.52	7.63	7.06	6.74	7.19	6.25	6.94	6.939
EV/EBIT	25.10	24.37	27.95	25.72	23.17	25.77	27.42	28.02	26.10	21.67	23.77	31.96	33.41	36.44	36.40	26.56	24.93	26.61	23.76	26.97	26.972
EV/FCF	25.07	27.09	30.98	31.81	38.79	41.19	30.67	37.77	36.43	27.84	32.07	28.70	30.78	34.63	38.68	34.07	31.34	33.70	28.40	33.10	33.097
Earnings Yield	3.2%	3.2%	2.8%	3.2%	3.5%	3.2%	3.2%	2.9%	3.1%	3.7%	3.2%	2.4%	2.3%	2.1%	2.0%	2.8%	3.0%	2.8%	3.3%	2.8%	2.83%
FCF Yield	4.5%	4.1%	3.5%	3.5%	2.9%	2.7%	3.7%	2.9%	3.0%	4.0%	3.4%	3.8%	3.5%	3.1%	2.7%	3.1%	3.4%	3.1%	4.0%	3.4%	3.37%
PEG Ratio	snapshot only																				12.667
EV/OCF	snapshot only																				29.642
EV/Gross Profit	snapshot only																				14.079
Acquirers Multiple	snapshot only																				27.933
Shareholder Yield	snapshot only																				2.30%
Graham Number	snapshot only																				$63.37

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	1.24	1.24	1.33	1.33	1.33	1.33	1.15	1.15	1.15	1.15	1.00	1.00	1.00	1.00	1.28	1.28	1.28	1.28	1.04	1.04	1.037
Quick Ratio	1.09	1.09	1.14	1.14	1.14	1.14	0.92	0.92	0.92	0.92	0.85	0.85	0.85	0.85	1.13	1.13	1.13	1.13	0.87	0.87	0.875
Debt/Equity	-10.22	-10.22	-153.25	-153.25	-153.25	-153.25	56.47	56.47	56.47	56.47	9.05	9.05	9.05	9.05	3.85	3.85	3.85	3.85	4.05	4.05	4.052
Net Debt/Equity	—	—	—	—	—	—	45.05	45.05	45.05	45.05	6.69	6.69	6.69	6.69	2.61	2.61	2.61	2.61	3.57	3.57	3.569
Debt/Assets	0.52	0.52	0.50	0.50	0.50	0.50	0.51	0.51	0.51	0.51	0.49	0.49	0.49	0.49	0.45	0.45	0.45	0.45	0.50	0.50	0.504
Debt/EBITDA	2.78	2.58	2.78	2.87	2.90	3.00	2.99	2.82	2.63	2.40	2.36	2.84	2.71	2.58	2.52	2.02	1.96	1.91	2.77	2.73	2.728
Net Debt/EBITDA	2.17	2.01	1.93	1.99	2.01	2.08	2.38	2.25	2.10	1.92	1.75	2.10	2.00	1.91	1.71	1.37	1.33	1.29	2.44	2.40	2.403
Interest Coverage	7.37	8.14	8.22	7.83	7.27	6.85	7.33	7.77	8.42	9.54	9.70	7.96	7.69	7.74	7.69	9.61	10.44	9.64	8.42	7.50	7.501
Equity Multiplier	-19.49	-19.49	-304.73	-304.73	-304.73	-304.73	110.47	110.47	110.47	110.47	18.42	18.42	18.42	18.42	8.57	8.57	8.57	8.57	8.05	8.05	8.045
Cash Ratio	snapshot only																				0.192
Debt Service Coverage	snapshot only																				8.796
Cash to Debt	snapshot only																				0.119
FCF to Debt	snapshot only																				0.255
Defensive Interval	snapshot only																				621.6 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.73	0.76	0.71	0.72	0.73	0.76	0.73	0.75	0.77	0.79	0.76	0.78	0.80	0.81	0.77	0.78	0.79	0.81	0.69	0.70	0.698
Inventory Turnover	8.41	8.63	6.38	6.56	6.77	7.20	5.30	5.40	5.47	5.39	5.32	5.40	5.48	5.57	6.66	6.70	6.78	6.97	6.66	6.88	6.883
Receivables Turnover	3.30	3.40	3.39	3.44	3.51	3.62	3.66	3.77	3.87	3.95	3.76	3.85	3.93	4.02	3.61	3.66	3.70	3.77	3.36	3.41	3.412
Payables Turnover	5.78	5.93	5.65	5.81	5.99	6.38	4.75	4.83	4.90	4.83	4.80	4.87	4.94	5.02	5.15	5.18	5.24	5.39	4.64	4.80	4.804
DSO	111	107	108	106	104	101	100	97	94	92	97	95	93	91	101	100	99	97	109	107	107.0 days
DIO	43	42	57	56	54	51	69	68	67	68	69	68	67	66	55	54	54	52	55	53	53.0 days
DPO	63	62	65	63	61	57	77	76	75	76	76	75	74	73	71	70	70	68	79	76	76.0 days
Cash Conversion Cycle	91	88	100	99	97	94	92	89	86	85	89	88	86	84	85	84	83	81	85	84	84.0 days
Fixed Asset Turnover	snapshot only																				6.797
Operating Cycle	snapshot only																				160.0 days
Cash Velocity	snapshot only																				10.187
Capital Intensity	snapshot only																				1.634

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	3.2%	8.1%	10.2%	10.1%	7.3%	7.4%	11.5%	13.3%	14.1%	12.7%	9.5%	8.6%	8.0%	8.3%	8.4%	7.5%	6.4%	6.2%	8.0%	8.3%	8.31%
Net Income	37.1%	61.0%	31.2%	27.3%	4.2%	-6.4%	9.5%	8.4%	26.1%	44.9%	25.4%	1.3%	-3.5%	-8.2%	-7.7%	47.0%	44.5%	35.5%	36.6%	2.2%	2.15%
EPS	37.5%	60.5%	30.7%	27.4%	5.6%	-5.0%	10.9%	8.7%	24.9%	44.7%	25.7%	5.1%	-2.2%	-7.8%	-7.3%	44.0%	45.8%	37.0%	38.8%	3.2%	3.25%
FCF	0.5%	6.8%	14.3%	-5.4%	-38.5%	-37.2%	-1.7%	2.4%	49.7%	82.3%	14.3%	55.6%	51.1%	26.7%	19.2%	3.7%	5.4%	4.3%	20.5%	9.6%	9.56%
EBITDA	30.4%	49.0%	21.5%	13.0%	2.9%	-7.3%	-0.5%	8.7%	17.8%	33.3%	26.4%	-0.7%	-2.8%	-7.1%	-6.1%	40.7%	37.8%	35.7%	35.4%	10.3%	10.26%
Op. Income	6.4%	18.0%	20.5%	13.1%	1.4%	-9.3%	-0.4%	13.2%	24.0%	47.9%	38.1%	32.6%	28.2%	16.2%	17.2%	14.0%	10.2%	9.9%	9.2%	7.2%	7.16%
OCF Growth	snapshot only																				10.28%
Asset Growth	snapshot only																				32.85%
Equity Growth	snapshot only																				41.51%
Debt Growth	snapshot only																				49.08%
Shares Change	snapshot only																				-1.06%
Dividend Growth	snapshot only																				11.00%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	4.9%	4.9%	3.6%	3.2%	3.5%	4.0%	4.9%	6.0%	8.1%	9.4%	10.4%	10.6%	9.7%	9.5%	9.8%	9.7%	9.5%	9.0%	8.6%	8.1%	8.12%
Revenue 5Y	6.6%	6.8%	6.2%	6.2%	6.4%	6.7%	7.4%	7.4%	7.2%	6.9%	6.3%	6.2%	6.4%	6.5%	6.5%	6.8%	7.7%	8.5%	9.5%	9.5%	9.52%
EPS 3Y	—	—	8.7%	8.5%	6.5%	4.9%	17.1%	15.3%	21.9%	30.2%	22.1%	13.3%	8.8%	8.2%	8.9%	18.0%	21.2%	22.3%	17.4%	16.0%	16.05%
EPS 5Y	17.7%	15.6%	16.9%	15.0%	13.1%	11.8%	—	—	—	—	12.3%	7.9%	8.1%	9.0%	13.3%	18.3%	20.9%	22.7%	18.6%	16.7%	16.69%
Net Income 3Y	—	—	8.8%	8.2%	5.4%	3.9%	16.2%	14.6%	21.7%	29.7%	21.7%	11.8%	8.3%	7.5%	8.2%	17.3%	20.7%	21.7%	16.5%	15.0%	15.01%
Net Income 5Y	17.5%	16.2%	17.4%	15.4%	13.3%	12.1%	—	—	—	—	12.1%	6.8%	7.3%	8.3%	12.7%	17.5%	20.2%	22.1%	17.8%	16.0%	15.98%
EBITDA 3Y	6.6%	9.3%	9.0%	6.6%	5.3%	2.6%	10.3%	11.6%	16.5%	22.5%	15.2%	6.8%	5.6%	4.7%	5.7%	14.9%	16.4%	18.9%	17.1%	15.5%	15.49%
EBITDA 5Y	11.6%	10.5%	10.1%	7.6%	6.8%	6.1%	6.0%	7.0%	8.0%	10.1%	10.2%	5.5%	6.0%	6.0%	9.8%	14.2%	16.2%	18.3%	14.2%	13.6%	13.60%
Gross Profit 3Y	5.9%	6.0%	5.1%	4.0%	3.3%	2.2%	2.5%	3.8%	6.9%	9.7%	11.3%	11.6%	10.8%	10.6%	10.9%	11.7%	11.8%	12.4%	11.5%	9.8%	9.80%
Gross Profit 5Y	7.4%	7.6%	7.1%	6.6%	6.7%	6.4%	6.9%	7.2%	7.2%	7.7%	7.4%	7.4%	7.4%	7.4%	7.0%	7.3%	8.5%	9.4%	10.2%	9.7%	9.70%
Op. Income 3Y	6.5%	10.2%	10.0%	7.0%	4.8%	0.3%	1.7%	4.2%	10.2%	16.6%	18.3%	19.3%	17.3%	16.0%	17.2%	19.6%	20.6%	23.6%	20.9%	17.4%	17.42%
Op. Income 5Y	10.8%	9.7%	9.3%	7.1%	6.3%	5.1%	5.1%	7.1%	8.7%	12.4%	12.8%	13.0%	12.8%	11.6%	11.2%	11.3%	13.6%	15.1%	16.2%	15.7%	15.68%
FCF 3Y	28.4%	22.2%	22.0%	-5.0%	-10.8%	-14.1%	-0.1%	-5.2%	-2.5%	6.9%	8.7%	14.6%	11.7%	13.2%	10.2%	18.2%	33.6%	34.1%	18.0%	20.9%	20.93%
FCF 5Y	15.7%	14.4%	12.2%	6.4%	1.5%	3.8%	7.0%	22.8%	14.3%	15.9%	15.3%	6.4%	9.9%	7.9%	6.3%	6.6%	8.1%	10.1%	13.0%	11.4%	11.36%
OCF 3Y	24.7%	21.5%	19.6%	-3.9%	-9.1%	-12.0%	0.0%	-4.0%	-1.7%	6.7%	8.2%	13.3%	10.8%	11.8%	9.2%	15.9%	28.2%	28.4%	15.9%	18.7%	18.65%
OCF 5Y	12.7%	11.5%	9.5%	4.6%	1.1%	2.7%	6.3%	18.8%	12.8%	15.1%	13.7%	5.9%	8.8%	6.9%	5.6%	6.0%	7.3%	9.2%	12.0%	10.7%	10.66%
Assets 3Y	9.8%	9.8%	9.0%	9.0%	9.0%	9.0%	6.4%	6.4%	6.4%	6.4%	7.0%	7.0%	7.0%	7.0%	6.2%	6.2%	6.2%	6.2%	14.8%	14.8%	14.80%
Assets 5Y	5.3%	5.3%	7.7%	7.7%	7.7%	7.7%	9.3%	9.3%	9.3%	9.3%	7.2%	7.2%	7.2%	7.2%	6.5%	6.5%	6.5%	6.5%	12.3%	12.3%	12.26%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.7%	1.7%	1.75%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.8%	1.8%	1.77%
Dividend 3Y	3.6%	3.2%	3.2%	3.7%	4.3%	4.2%	4.0%	3.8%	3.6%	3.9%	4.0%	5.0%	4.0%	4.1%	4.2%	4.3%	4.2%	4.2%	4.4%	4.5%	4.47%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.92	0.90	0.81	0.82	0.92	0.91	0.86	0.87	0.91	0.91	0.85	0.83	0.87	0.89	0.91	0.93	0.97	0.99	1.00	1.00	0.999
Earnings Stability	0.36	0.33	0.53	0.51	0.50	0.48	0.71	0.70	0.74	0.76	0.84	0.83	0.78	0.69	0.90	0.86	0.88	0.87	0.90	0.89	0.895
Margin Stability	0.98	0.98	0.98	0.98	0.99	0.97	0.97	0.98	0.98	0.97	0.97	0.97	0.98	0.97	0.97	0.97	0.97	0.96	0.96	0.97	0.968
Rev. Growth Consistency	1.00	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.85	0.50	0.88	0.89	0.98	0.97	0.96	0.97	0.90	0.82	0.90	0.99	0.99	0.97	0.97	0.81	0.82	0.86	0.85	0.99	0.991
Earnings Smoothness	0.69	0.53	0.73	0.76	0.96	0.93	0.91	0.92	0.77	0.63	0.77	0.99	0.96	0.91	0.92	0.62	0.64	0.70	0.69	0.98	0.979
ROE Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-6.13	-5.68	-6.31	-7.17	-0.75	-0.69	-0.695
Gross Margin Trend	0.00	0.00	0.00	-0.01	-0.01	-0.03	-0.03	-0.02	-0.01	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.02	0.01	-0.00	-0.01	-0.015
FCF Margin Trend	0.01	-0.00	0.00	-0.04	-0.09	-0.08	-0.02	-0.03	-0.01	0.03	-0.00	0.06	0.08	0.07	0.02	0.03	0.03	0.01	0.03	-0.00	-0.001
Sustainable Growth Rate	—	—	—	—	—	—	21.9%	21.8%	25.2%	29.7%	2.7%	1.9%	2.0%	2.2%	76.1%	1.1%	1.2%	1.2%	69.3%	65.3%	65.31%
Internal Growth Rate	6.9%	7.9%	7.1%	7.2%	6.4%	6.0%	7.1%	7.1%	8.3%	9.9%	9.4%	6.4%	6.9%	7.6%	7.1%	10.9%	11.4%	11.2%	9.2%	8.6%	8.58%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.61	1.46	1.48	1.28	1.03	1.07	1.34	1.21	1.15	1.22	1.20	1.75	1.72	1.64	1.52	1.23	1.23	1.25	1.32	1.33	1.329
FCF/OCF	0.88	0.87	0.87	0.85	0.80	0.80	0.86	0.85	0.86	0.88	0.88	0.90	0.90	0.90	0.89	0.90	0.91	0.91	0.91	0.90	0.896
FCF/Net Income	snapshot only																				1.190
OCF/EBITDA	snapshot only																				0.776
CapEx/Revenue	2.9%	3.0%	3.0%	3.0%	2.9%	2.9%	2.8%	2.7%	2.6%	2.5%	2.5%	2.4%	2.5%	2.4%	2.4%	2.3%	2.1%	2.1%	2.3%	2.4%	2.44%
CapEx/Depreciation	snapshot only																				0.550
Accruals Ratio	-0.06	-0.05	-0.05	-0.03	-0.00	-0.01	-0.04	-0.02	-0.02	-0.03	-0.03	-0.08	-0.08	-0.08	-0.06	-0.03	-0.04	-0.04	-0.04	-0.04	-0.040
Sloan Accruals	snapshot only																				-0.102
Cash Flow Adequacy	snapshot only																				2.679
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	1.3%	1.2%	1.1%	1.3%	1.5%	1.4%	1.2%	1.1%	1.1%	1.3%	1.1%	1.0%	1.0%	0.8%	0.8%	0.9%	1.0%	0.9%	1.1%	1.0%	1.14%
Dividend/Share	$2.66	$2.71	$2.77	$2.86	$2.96	$3.02	$3.08	$3.15	$3.24	$3.35	$3.43	$3.63	$3.63	$3.72	$3.83	$3.96	$4.10	$4.20	$4.33	$4.45	$4.60
Payout Ratio	39.9%	37.5%	38.7%	39.0%	42.1%	44.1%	38.9%	39.6%	36.9%	33.8%	34.5%	43.4%	42.3%	40.7%	41.5%	32.9%	32.7%	33.6%	33.8%	35.7%	35.74%
FCF Payout Ratio	28.3%	29.5%	30.2%	36.0%	50.7%	51.7%	33.8%	38.7%	37.4%	31.5%	32.9%	27.6%	27.4%	27.5%	30.6%	29.6%	29.0%	29.4%	28.3%	30.0%	30.02%
Total Payout Ratio	87.3%	82.7%	81.1%	1.1%	1.2%	1.2%	1.0%	74.7%	72.8%	78.3%	81.5%	93.9%	79.8%	58.3%	57.1%	58.9%	66.6%	69.9%	87.4%	81.1%	81.05%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.13	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.11	0.11	0.12	0.12	0.13	0.13	0.12	0.12	0.120
Buyback Yield	1.5%	1.5%	1.2%	2.2%	2.6%	2.4%	2.0%	1.0%	1.1%	1.7%	1.5%	1.2%	0.8%	0.4%	0.3%	0.7%	1.0%	1.0%	1.8%	1.3%	1.28%
Net Buyback Yield	1.2%	1.1%	0.9%	1.9%	2.4%	2.0%	1.6%	0.7%	0.8%	1.5%	1.3%	1.1%	0.7%	0.3%	0.2%	0.7%	0.9%	0.9%	1.7%	1.1%	1.11%
Total Shareholder Return	2.5%	2.3%	2.0%	3.1%	3.8%	3.4%	2.8%	1.9%	2.0%	2.7%	2.5%	2.1%	1.7%	1.1%	1.1%	1.6%	1.9%	1.9%	2.8%	2.1%	2.12%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.82	0.81	0.80	0.86	0.83	0.86	0.90	0.83	0.82	0.81	0.80	0.82	0.82	0.83	0.80	0.78	0.78	0.77	0.77	0.77	0.772
Interest Burden (EBT/EBIT)	0.86	0.88	0.88	0.87	0.86	0.86	0.86	0.87	0.88	0.89	0.89	0.86	0.86	0.86	0.87	0.90	0.90	0.90	0.92	0.89	0.887
EBIT Margin	0.21	0.22	0.22	0.20	0.20	0.18	0.19	0.20	0.22	0.24	0.24	0.19	0.20	0.21	0.21	0.27	0.27	0.27	0.26	0.26	0.257
Asset Turnover	0.73	0.76	0.71	0.72	0.73	0.76	0.73	0.75	0.77	0.79	0.76	0.78	0.80	0.81	0.77	0.78	0.79	0.81	0.69	0.70	0.698
Equity Multiplier	-17.10	-17.10	-38.57	-38.57	-38.57	-38.57	328.99	328.99	328.99	328.99	31.13	31.13	31.13	31.13	11.51	11.51	11.51	11.51	8.26	8.26	8.263

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$6.67	$7.21	$7.15	$7.33	$7.04	$6.85	$7.93	$7.96	$8.79	$9.91	$9.97	$8.37	$8.60	$9.14	$9.23	$12.05	$12.54	$12.52	$12.81	$12.44	$12.44
Book Value/Share	$-3.22	$-3.21	$-0.23	$-0.23	$-0.23	$-0.23	$0.67	$0.67	$0.67	$0.68	$4.22	$4.35	$4.25	$4.24	$9.97	$10.03	$10.09	$10.08	$14.34	$14.35	$15.46
Tangible Book/Share	$-23.17	$-23.04	$-21.30	$-21.43	$-21.71	$-21.63	$-26.40	$-26.29	$-26.29	$-26.43	$-22.93	$-23.64	$-23.09	$-23.01	$-17.99	$-18.09	$-18.20	$-18.18	$-44.58	$-44.61	$-44.61
Revenue/Share	$45.55	$46.66	$46.91	$47.89	$49.50	$50.87	$53.01	$54.41	$55.93	$57.29	$58.19	$61.32	$61.20	$62.35	$63.34	$64.53	$65.72	$66.94	$69.49	$70.64	$71.58
FCF/Share	$9.38	$9.17	$9.15	$7.94	$5.85	$5.84	$9.12	$8.15	$8.67	$10.64	$10.44	$13.16	$13.28	$13.54	$12.49	$13.37	$14.12	$14.28	$15.30	$14.81	$15.01
OCF/Share	$10.70	$10.55	$10.55	$9.35	$7.26	$7.31	$10.61	$9.63	$10.12	$12.07	$11.92	$14.64	$14.80	$15.01	$14.00	$14.84	$15.47	$15.69	$16.88	$16.54	$16.76
Cash/Share	$7.24	$7.20	$10.76	$10.83	$10.97	$10.93	$7.71	$7.68	$7.68	$7.72	$9.94	$10.25	$10.01	$9.98	$12.31	$12.38	$12.45	$12.44	$6.93	$6.93	$5.34
EBITDA/Share	$11.87	$12.68	$12.66	$12.35	$12.36	$11.93	$12.76	$13.46	$14.43	$15.88	$16.16	$13.87	$14.21	$14.83	$15.25	$19.12	$19.75	$20.34	$20.97	$21.31	$21.31
Debt/Share	$32.95	$32.76	$35.19	$35.41	$35.87	$35.74	$38.11	$37.95	$37.95	$38.15	$38.19	$39.39	$38.46	$38.33	$38.35	$38.58	$38.81	$38.76	$58.10	$58.13	$58.13
Net Debt/Share	$25.70	$25.55	$24.43	$24.59	$24.90	$24.82	$30.40	$30.28	$30.28	$30.44	$28.25	$29.13	$28.45	$28.35	$26.05	$26.20	$26.36	$26.33	$51.17	$51.20	$51.20

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.938
Altman Z-Prime	snapshot only																				6.127
Piotroski F-Score	9	8	8	8	7	7	7	8	7	7	8	7	7	7	8	8	9	8	6	5	5
Beneish M-Score	-2.78	-2.76	-2.64	-2.51	-2.39	-2.35	-2.55	-2.54	-2.53	-2.62	-2.51	-2.75	-2.76	-2.75	-2.63	-2.52	-2.51	-2.51	-2.24	-2.23	-2.226
Ohlson O-Score	snapshot only																				-6.190
Net-Net WC	snapshot only																				$-63.46
EVA	snapshot only																				$1182592648.69

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				A
Credit Score	65.71	69.80	69.80	67.23	67.22	65.01	66.66	68.57	68.78	68.78	70.57	76.89	76.98	76.68	76.96	76.73	81.15	78.77	69.59	74.73	74.730
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				-1.996
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				100
Sector Credit Rank	snapshot only																				30

MSI NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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