Friday 6 November 2026 Export MSI’s income statement to Excel — free account

Motorola Solutions, Inc.

Motorola Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, up 8.00% from fiscal 2024.

Revenue: +12.2%
EPS: −8.31%
Free cash flow: −9.56%
Total debt: +0.24%

Quarter to September 2026, against a year earlier

512.44 4.57 −0.88%

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Market cap: $85.6B
P/E: 41.3×
Fwd P/E: 35.6×
Dividend yield: 0.93%
F-score: 6/9
Altman Z: 3.57
Beneish M: −2.44
Dividend safety: 85/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	25.03	0.00	19.37	30.99	30.48	36.92	31.62	30.46	48.97	29.65
Piotroski F-Score Full definition →	6	5	7	5	6	8	7	8	7	6
P/S ratio Full definition →	2.35	2.31	2.54	3.40	3.90	5.63	4.73	5.22	7.13	5.47
Altman Z-Score Full definition →	2.32	2.41	2.58	2.90	2.86	3.67	3.39	3.98	5.28	3.57
Altman Z″-Score (non-manufacturers) Full definition →	1.79	1.87	1.96	1.77	1.65	2.00	1.58	1.61	2.53	1.69
P/FCF ratio Full definition →	14.66	13.18	21.28	16.97	19.91	28.73	27.51	29.06	36.13	24.83
Beneish M-Score Full definition →	(2.70)	(3.35)	(2.61)	(2.76)	(2.76)	(2.74)	(2.50)	(2.49)	(2.61)	(2.44)
P/Operating CF Full definition →	27.64	19.38	23.01	33.77	41.07	65.39	33.87	41.80	72.06	50.84
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	85
P/B ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	329.12	70.42	44.85	26.31
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	2.91	2.81	3.10	3.93	4.43	6.09	5.25	5.65	7.49	6.15
EV/EBITDA Full definition →	13.06	12.38	14.08	15.68	18.32	23.65	22.75	21.27	26.78	21.05
EV/Operating CF Full definition →	15.06	13.34	21.16	16.99	20.35	27.10	26.22	27.57	33.87	25.33
EV/FCF Full definition →	18.14	16.04	25.91	19.58	22.61	31.12	30.51	31.47	37.95	27.94
Quick Ratio Full definition →	0.91	0.95	0.82	0.70	0.76	0.80	0.62	0.60	0.80	0.55
Current Ratio Full definition →	1.30	1.35	1.38	1.21	1.24	1.33	1.15	1.00	1.28	1.04
Net Debt/EBITDA Full definition →	2.51	1.97	2.52	2.09	2.19	1.81	2.23	1.63	1.29	2.34
Debt/Assets Full definition →	51.94%	54.47%	56.54%	48.20%	47.58%	46.71%	46.93%	45.13%	41.09%	47.25%
Debt/Equity Full definition →	(4.62)	(2.59)	(4.17)	(7.51)	(9.57)	(247.52)	45.91	8.14	3.49	3.78
Asset Turnover Full definition →	0.72	0.77	0.83	0.79	0.69	0.71	0.73	0.76	0.77	0.69
Operating CF/Net income Full definition →	2.08	(8.68)	1.11	2.10	1.70	1.48	1.34	1.20	1.52	1.32
Capex/Depreciation Full definition →	(0.67)	(0.66)	(0.55)	(0.61)	(0.39)	(0.54)	(0.58)	(0.71)	(0.76)	(0.62)
Interest Coverage Full definition →	5.11	6.39	5.65	7.19	6.29	8.01	7.35	10.62	11.84	9.89
ROE Full definition →	(106.87%)	11.57%	(64.34%)	(88.62%)	(155.07%)	(441.49%)	2,524.07%	392.87%	128.32%	103.91%
ROA Full definition →	6.66%	(1.86%)	10.97%	8.66%	8.82%	10.80%	10.90%	13.07%	11.29%	12.68%
ROIC Full definition →	27.13%	54.37%	28.14%	28.68%	25.57%	27.45%	21.54%	28.38%	29.93%	17.92%
Return on Tangible Assets Full definition →	35.24%	(8.27%)	46.64%	50.14%	51.02%	52.07%	84.03%	179.33%	64.47%	155.30%
Average Days of Receivables Full definition →	85.24	87.13	64.27	65.35	68.43	61.91	60.81	62.55	65.87	68.74
Research and Development Expense of Revenue Full definition →	9.16%	8.90%	8.67%	8.71%	9.25%	8.98%	8.55%	8.60%	8.48%	8.30%
Selling, General and Administrative Expense of Revenue Full definition →	17.29%	16.07%	17.08%	17.79%	17.44%	16.56%	15.91%	15.64%	16.20%	16.01%
Intangible Assets out of Total Assets Full definition →	0.18	0.22	0.29	0.32	0.32	0.30	0.36	0.35	0.33	0.51
Share Based Compensation of Revenue Full definition →	1.13%	1.03%	0.99%	1.50%	1.74%	1.58%	1.89%	2.12%	2.25%	2.51%
Graham Net Nets Full definition →	(0.42)	(0.41)	(0.34)	(0.27)	(0.25)	(0.15)	(0.17)	(0.13)	(0.08)	(0.17)
Graham Number Full definition →	0.00	15.37	0.00	0.00	0.00	0.00	11.97	31.91	46.79	65.10
Earnings Yield Full definition →	4.00%	(1.09%)	5.16%	3.23%	3.28%	2.71%	3.16%	3.28%	2.04%	3.37%
Free Cash Flow Yield Full definition →	6.82%	7.59%	4.70%	5.89%	5.02%	3.48%	3.63%	3.44%	2.77%	4.03%
Revenue per Share Full definition →	35.60	39.17	45.22	47.34	43.61	48.29	54.40	59.75	64.85	70.12
Operating CF per Share Full definition →	6.87	8.26	6.62	10.94	9.49	10.86	10.88	12.24	14.33	17.03
Capex per Share Full definition →	(1.17)	(1.39)	(1.21)	(1.45)	(0.95)	(1.40)	(1.53)	(1.51)	(1.54)	(1.59)
Free Cash Flow per Share Full definition →	5.70	6.87	5.41	9.50	8.54	9.46	9.36	10.72	12.79	15.44
Cash per Share Full definition →	6.07	7.78	7.74	6.01	7.38	11.08	7.91	10.21	12.60	6.99
Shareholders Equity per Share Full definition →	(5.61)	(10.60)	(7.86)	(4.10)	(3.18)	(0.14)	0.78	4.43	10.31	14.57
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(5.61)	(10.60)	(7.86)	(4.10)	(3.18)	(0.14)	0.78	4.43	10.31	14.57
Free Cash Flow Full definition →	967.00	1,119.00	878.00	1,582.00	1,452.00	1,600.00	1,567.00	1,791.00	2,134.00	2,572.00
Working Capital Full definition →	800.00	1,019.00	1,176.00	739.00	838.00	1,349.00	695.00	(11.00)	1,424.00	222.00
Capital Expenditures Full definition →	(198.00)	(227.00)	(197.00)	(241.00)	(161.00)	(237.00)	(256.00)	(253.00)	(257.00)	(265.00)
Net Current Asset Value Full definition →	(5,947.00)	(5,985.00)	(6,413.00)	(7,147.00)	(7,090.00)	(6,800.00)	(7,428.00)	(6,872.00)	(6,397.00)	(10,662.00)
EV/EBIT Full definition →	16.74	13.98	18.12	19.59	23.74	29.87	28.78	24.57	30.13	24.05
Capex to Sales Full definition →	0.03	0.04	0.03	0.03	0.02	0.03	0.03	0.03	0.02	0.02
Price to Operating Income Full definition →	13.53	11.49	14.89	16.98	20.90	27.58	25.96	22.69	28.68	21.37
Other line items
Depreciation/Fixed assets Full definition →	0.37	0.40	0.40	0.40	0.40	0.42	0.47	0.37	0.33	0.36
Cash ROIC Full definition →	21.61%	27.89%	16.56%	29.04%	24.66%	21.21%	20.98%	21.17%	21.74%	20.17%
Accounts Receivable Turnover Full definition →	4.36	4.35	5.22	5.83	5.29	5.89	6.28	6.18	5.91	5.63
Accounts Payable Turnover Full definition →	5.92	5.86	6.52	6.54	6.19	5.65	5.11	5.15	5.59	5.25
Inventory Turnover Full definition →	11.14	11.19	11.31	9.85	7.97	6.38	5.30	5.32	6.66	6.46
Average Days of Payables Full definition →	63.69	64.49	55.94	57.02	58.69	75.19	79.38	64.21	70.04	73.30
Days of Inventory on Hand Full definition →	31.44	35.56	33.64	41.24	48.72	69.62	78.86	60.27	52.70	63.54
Average Receivables Full definition →	1,386.00	1,466.50	1,408.00	1,352.50	1,401.00	1,388.00	1,452.00	1,614.00	1,831.00	2,076.00
Average Payables Full definition →	535.50	573.00	592.50	605.00	615.00	731.50	956.50	971.50	949.50	1,076.00
Average Inventory Full definition →	284.50	300.00	341.50	401.50	477.50	648.00	921.50	941.00	796.50	874.50
Average Assets Full definition →	8,404.50	8,335.50	8,808.50	10,025.50	10,759.00	11,532.50	12,501.50	13,075.00	13,965.50	16,992.00
Average Common Equity Full definition →	(524.00)	(1,339.50)	(1,501.50)	(979.50)	(612.00)	(282.00)	54.00	435.00	1,229.00	2,073.00

Show all line items

Columns are period end dates · fundamentals updated 4 Nov 2026

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