Motorola Solutions (MSI)

NYSE Information Technology Communications Equipment S&P 500

$514.51

-2.50 (-0.48%)

Close of Nov 06, 2026 · end-of-day data

Source: Motorola Solutions's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.04B	$6.38B	$7.34B	$7.89B	$7.41B	$8.17B	$9.11B	$9.98B	$10.82B	$11.68B
Cost of revenue	$3.17B	$3.36B	$3.86B	$3.96B	$3.81B	$4.13B	$4.88B	$5.01B	$5.30B	$5.65B
Gross profit	$2.87B	$3.02B	$3.48B	$3.93B	$3.61B	$4.04B	$4.23B	$4.97B	$5.51B	$6.04B
Research & development	$553.00M	$568.00M	$637.00M	$687.00M	$686.00M	$734.00M	$779.00M	$858.00M	$917.00M	$970.00M
Selling, general & admin	$1.04B	$1.02B	$1.25B	$1.40B	$1.29B	$1.35B	$1.45B	$1.56B	$1.75B	$1.87B
Operating income	$1.05B	$1.28B	$1.25B	$1.58B	$1.38B	$1.67B	$1.66B	$2.29B	$2.69B	$2.99B
Interest expense	$225.00M	$215.00M	$240.00M	$237.00M	$233.00M	$215.00M	$240.00M	$249.00M	$295.00M	$360.00M
Pre-tax income	$844.00M	$1.08B	$1.10B	$1.00B	$1.17B	$1.55B	$1.51B	$2.15B	$1.97B	$2.81B
Income tax	$282.00M	$1.23B	$133.00M	$130.00M	$221.00M	$302.00M	$148.00M	$432.00M	$390.00M	$652.00M
Net income	$560.00M	-$155.00M	$966.00M	$868.00M	$949.00M	$1.25B	$1.36B	$1.71B	$1.58B	$2.15B
EBITDA	$1.34B	$1.63B	$1.61B	$1.98B	$1.79B	$2.10B	$2.10B	$2.65B	$3.02B	$3.41B
EPS (basic)	$3.30	$-0.95	$5.95	$5.21	$5.58	$7.36	$8.14	$10.23	$9.45	$12.93
EPS (diluted)	$3.24	$-0.95	$5.62	$4.95	$5.45	$7.17	$7.93	$9.93	$9.23	$12.75
Diluted shares	173.10M	162.90M	172.00M	175.60M	174.10M	173.60M	171.90M	172.10M	170.80M	169.00M
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 margin	9.3%	-2.4%	13.2%	11.0%	12.8%	15.2%	15.0%	17.1%	14.6%	18.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$967.00M	$1.21B	$1.26B	$1.00B	$1.25B	$1.87B	$1.32B	$1.71B	$2.10B	$1.17B
Receivables	$1.41B	$1.52B	$1.29B	$1.41B	$1.39B	$1.39B	$1.52B	$1.71B	$1.95B	$2.20B
Inventory	$273.00M	$327.00M	$356.00M	$447.00M	$508.00M	$788.00M	$1.05B	$827.00M	$766.00M	$983.00M
Total current assets	$3.47B	$3.95B	$4.27B	$4.18B	$4.33B	$5.41B	$5.25B	$5.72B	$6.48B	$6.30B
Goodwill	$728.00M	$938.00M	$1.51B	$2.07B	$2.22B	$2.56B	$3.31B	$3.40B	$3.53B	$6.80B
Total assets	$8.46B	$8.21B	$9.41B	$10.64B	$10.88B	$12.19B	$12.81B	$13.34B	$14.60B	$19.39B
Total current liabilities	$2.67B	$2.93B	$3.10B	$3.44B	$3.49B	$4.06B	$4.56B	$5.74B	$5.05B	$6.08B
Short-term debt	$4.00M	$52.00M	$31.00M	$16.00M	$12.00M	$5.00M	$1.00M	$1.31B	$322.00M	$0
Long-term debt	$4.39B	$4.42B	$5.29B	$5.11B	$5.16B	$5.69B	$6.01B	$4.71B	$5.67B	$8.41B
Total debt	$4.40B	$4.47B	$5.32B	$5.13B	$5.17B	$5.69B	$6.01B	$6.02B	$6.00B	$8.41B
Total liabilities	$9.43B	$9.95B	$10.70B	$11.34B	$11.43B	$12.23B	$12.70B	$12.61B	$12.89B	$16.98B
Shareholders' equity	-$964.00M	-$1.74B	-$1.29B	-$700.00M	-$558.00M	-$40.00M	$116.00M	$724.00M	$1.70B	$2.41B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.17B	$1.35B	$1.07B	$1.82B	$1.61B	$1.84B	$1.82B	$2.04B	$2.39B	$2.84B
Capital expenditures	$271.00M	$227.00M	$197.00M	$248.00M	$217.00M	$243.00M	$256.00M	$253.00M	$257.00M	$265.00M
Free cash flow	$894.00M	$1.12B	$878.00M	$1.57B	$1.40B	$1.59B	$1.57B	$1.79B	$2.13B	$2.57B
Investing cash flow	-$1.00B	-$448.00M	-$1.27B	-$934.00M	-$437.00M	-$742.00M	-$1.39B	-$414.00M	-$507.00M	-$5.16B
Financing cash flow	-$1.04B	-$722.00M	$220.00M	-$1.14B	-$966.00M	-$429.00M	-$906.00M	-$1.29B	-$1.45B	$1.31B
Dividends paid	$280.00M	$307.00M	$337.00M	$379.00M	$436.00M	$482.00M	$530.00M	$589.00M	$654.00M	$728.00M
Share buybacks	$842.00M	$483.00M	$132.00M	$315.00M	$612.00M	$528.00M	$836.00M	$804.00M	$244.00M	$1.15B
Stock-based compensation	$68.00M	$66.00M	$73.00M	$118.00M	$129.00M	$129.00M	$172.00M	$212.00M	$243.00M	$293.00M
Depreciation & amortization	$295.00M	$343.00M	$360.00M	$394.00M	$409.00M	$438.00M	$440.00M	$356.00M	$336.00M	$425.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Revenue	$2.85B	$2.39B	$2.63B	$2.79B	$3.01B	$2.53B	$2.77B	$3.01B	$3.38B	$2.71B	$3.13B	$3.38B
Cost of revenue	$1.39B	$1.20B	$1.29B	$1.36B	$1.46B	$1.23B	$1.35B	$1.46B	$1.61B	$1.35B	$1.46B	$1.61B
Gross profit	$1.46B	$1.19B	$1.34B	$1.43B	$1.55B	$1.30B	$1.41B	$1.55B	$1.77B	$1.36B	$1.68B	$1.77B
Research & development	$218.00M	$218.00M	$220.00M	$234.00M	$246.00M	$233.00M	$231.00M	$237.00M	$270.00M	$252.00M	$260.00M	$276.00M
Selling, general & admin	$423.00M	$397.00M	$430.00M	$439.00M	$487.00M	$436.00M	$450.00M	$485.00M	$499.00M	$439.00M	$496.00M	$504.00M
Operating income	$738.00M	$519.00M	$644.00M	$711.00M	$814.00M	$582.00M	$692.00M	$770.00M	$944.00M	$525.00M	$809.00M	$777.00M
Interest expense	$63.00M	$61.00M	$87.00M	$73.00M	$74.00M	$69.00M	$71.00M	$103.00M	$117.00M	$111.00M	$109.00M	$116.00M
Pre-tax income	$708.00M	-$90.00M	$580.00M	$695.00M	$788.00M	$547.00M	$680.00M	$725.00M	$860.00M	$441.00M	$742.00M	$678.00M
Income tax	$111.00M	-$52.00M	$135.00M	$132.00M	$176.00M	$115.00M	$165.00M	$161.00M	$210.00M	$73.00M	$184.00M	$164.00M
Net income	$596.00M	-$39.00M	$443.00M	$562.00M	$611.00M	$430.00M	$513.00M	$562.00M	$649.00M	$366.00M	$557.00M	$512.00M
EBITDA	$823.00M	$602.00M	$727.00M	$795.00M	$900.00M	$663.00M	$778.00M	$885.00M	$1.09B	$668.00M	$957.00M	$927.00M
EPS (basic)	$3.57	$-0.23	$2.65	$3.36	$3.66	$2.58	$3.08	$3.37	$3.91	$2.21	$3.36	$3.09
EPS (diluted)	$3.47	$-0.23	$2.60	$3.29	$3.57	$2.53	$3.04	$3.33	$3.86	$2.18	$3.33	$3.06
Diluted shares	-100.00K	166.30M	170.30M	170.90M	200.00K	169.80M	168.80M	169.00M	-200.00K	168.00M	167.20M	167.40M
Gross margin	51.1%	49.9%	51.0%	51.4%	51.4%	51.4%	51.1%	51.6%	52.3%	50.2%	53.6%	52.4%
Operating margin	25.9%	21.7%	24.5%	25.5%	27.0%	23.0%	25.0%	25.6%	27.9%	19.3%	25.8%	23.0%
Net margin	20.9%	-1.6%	16.9%	20.1%	20.3%	17.0%	18.6%	18.7%	19.2%	13.5%	17.8%	15.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Cash & equivalents	$1.71B	$1.51B	$1.38B	$1.40B	$2.10B	$1.56B	$3.21B	$894.00M	$1.17B	$886.00M	$710.00M	$774.00M
Receivables	$1.71B	$1.59B	$1.76B	$1.85B	$1.95B	$1.77B	$1.85B	$2.02B	$2.20B	$2.05B	$2.16B	$2.44B
Inventory	$827.00M	$840.00M	$803.00M	$816.00M	$766.00M	$833.00M	$861.00M	$943.00M	$983.00M	$1.18B	$1.33B	$1.51B
Total current assets	$5.72B	$5.52B	$5.57B	$5.81B	$6.48B	$5.90B	$7.71B	$5.81B	$6.30B	$5.95B	$6.13B	$6.71B
Goodwill	$3.40B	$3.41B	$3.40B	$3.52B	$3.53B	$3.84B	$3.84B	$6.78B	$6.80B	$6.88B	$6.88B	$7.67B
Total assets	$13.34B	$13.33B	$13.35B	$13.89B	$14.60B	$14.43B	$16.41B	$18.80B	$19.39B	$19.08B	$19.24B	$21.14B
Total current liabilities	$5.74B	$4.63B	$4.64B	$4.67B	$5.05B	$4.92B	$4.46B	$5.66B	$6.08B	$5.56B	$5.58B	$6.12B
Short-term debt	$1.31B	$313.00M	$565.00M	$322.00M	$322.00M	$322.00M	$70.00M	$0	$0	$550.00M	$615.00M	$750.00M
Long-term debt	$4.71B	$5.99B	$5.74B	$5.67B	$5.67B	$5.68B	$7.66B	$8.41B	$8.41B	$8.41B	$8.42B	$9.36B
Total debt	$6.02B	$6.31B	$6.31B	$6.00B	$6.00B	$6.00B	$7.73B	$8.41B	$8.41B	$8.96B	$9.03B	$10.11B
Total liabilities	$12.61B	$12.80B	$12.54B	$12.56B	$12.89B	$12.79B	$14.44B	$16.47B	$16.98B	$16.54B	$16.57B	$18.07B
Shareholders' equity	$724.00M	$521.00M	$802.00M	$1.33B	$1.70B	$1.64B	$1.97B	$2.33B	$2.41B	$2.54B	$2.67B	$3.07B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Operating cash flow	$1.25B	$382.00M	$180.00M	$759.00M	$1.07B	$510.00M	$273.00M	$798.00M	$1.26B	$451.00M	$469.00M	$662.00M
Capital expenditures	$81.00M	$46.00M	$68.00M	$57.00M	$86.00M	$37.00M	$48.00M	$66.00M	$114.00M	$62.00M	$55.00M	$73.00M
Free cash flow	$1.16B	$336.00M	$112.00M	$702.00M	$984.00M	$473.00M	$225.00M	$732.00M	$1.14B	$389.00M	$414.00M	$589.00M
Investing cash flow	-$242.00M	-$47.00M	-$71.00M	-$282.00M	-$107.00M	-$477.00M	-$60.00M	-$4.43B	-$192.00M	-$183.00M	-$151.00M	-$1.43B
Financing cash flow	-$252.00M	-$512.00M	-$231.00M	-$491.00M	-$214.00M	-$597.00M	$1.38B	$1.33B	-$802.00M	-$525.00M	-$474.00M	$836.00M
Dividends paid	$146.00M	$163.00M	$163.00M	$164.00M	$164.00M	$182.00M	$182.00M	$182.00M	$182.00M	$201.00M	$201.00M	$200.00M
Share buybacks	$134.00M	$39.00M	$71.00M	$31.00M	$103.00M	$325.00M	$218.00M	$121.00M	$490.00M	$118.00M	$331.00M	$94.00M
Stock-based compensation	$52.00M	$56.00M	$63.00M	$61.00M	$63.00M	$66.00M	$74.00M	$73.00M	$80.00M	$100.00M	$104.00M	$103.00M
Depreciation & amortization	$85.00M	$83.00M	$83.00M	$84.00M	$86.00M	$81.00M	$86.00M	$115.00M	$143.00M	$143.00M	$148.00M	$150.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.