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

Show all line items

Columns are period end dates · fundamentals updated 4 Nov 2026

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