Motorola Solutions, Inc.

MSI Technology Communication Equipment

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
−7.84%
Free cash flow
−9.56%
Total debt
+8.27%

Quarter to September 2026, against a year earlier

512.44 4.57 −0.88%
Market cap
$85.6B
P/E
40.7×
Fwd P/E
35.6×
Dividend yield
0.94%
F-score
6/9
Altman Z
3.57
Beneish M
−2.44
Dividend safety
85/100

Motorola Solutions, Inc. (MSI) Free cash flow margin

Alert me on Free cash flow margin

Motorola Solutions, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 20.1%, down 1.9 percentage points from fiscal 2025 (22.0%). Over the past ten years it has ranged from 12.0% (fiscal 2018) to 22.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Communication Equipment industry median of 0.27% and above the Technology sector median of 0.59%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 22.0% 2.29
FY2024 19.7% 1.78
FY2023 18.0% 0.75
FY2022 17.2% (2.38)
FY2021 19.6% 0.00
FY2020 19.6% (0.48)
FY2019 20.1% 8.10
FY2018 12.0% (5.58)
FY2017 17.5% 1.52
FY2016 16.0% 1.11

Against its own ten years

Low 12.0% High 22.0%
Ten-year median 18.0%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
UI Ubiquiti Inc. compare 28.8%
CSCO Cisco Systems, Inc. compare 20.2%
MSI Motorola Solutions, Inc. 20.1%
ZBRA Zebra Technologies Corporation compare 16.1%
CIEN Ciena Corporation compare 13.5%
ERIC Ericsson compare 11.7%
HPE Hewlett Packard Enterprise Company compare 10.9%
LITE Lumentum Holdings Inc. compare 10.8%
NOK Nokia Corporation compare 0.04%
Communication Equipment industry median 0.27%
Technology sector median 0.59%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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