MSINYSERadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
Motorola Solutions, Inc.
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 5, 2026
$458.90−4.25 (-0.92%)
Close on Oct 19, 2026
- Market cap
- $76.73B
- P/E (TTM)
- 36.2
- Dividend yield
- 0.98%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
51.7%+3.0 pts over 5 years
Operating margin
25.6%+6.9 pts over 5 years
Net margin
18.4%+5.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.0% | +8.6% | +9.5% | +7.4% | |
| Gross profit | +9.5% | +12.6% | +10.8% | +8.3% | |
| Operating income | +11.2% | +21.6% | +16.7% | +11.6% | |
| Net income | +36.6% | +16.5% | +17.8% | +13.4% | |
| EPS, diluted | +38.1% | +17.2% | +18.5% | +15.5% | |
| Free cash flow | +20.5% | +18.0% | +13.0% | +11.8% | |
| Dividend per share | +11.2% | +11.3% | +11.2% | +12.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -104.7% | -150.9% | 104.7% | |
| Return on assets | 6.7% | 8.8% | 12.7% | |
| Current ratio | 1.30 | 1.24 | 1.04 | |
| Debt to equity | -4.56 | -9.27 | 3.80 | |
| Net debt to EBITDA | 2.51× | 2.19× | 2.34× | |
| Interest coverage | 4.7× | 5.9× | 8.3× | |
| Inventory turnover | 11.1× | 8.0× | 6.5× | |
| Capex to revenue | 4.5% | 2.9% | 2.3% | |
| Diluted shares | 173M | 174M | 169M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Motorola Solutions generated $10.93B from operations and spent $7.82B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$10.93B
Used
$7.82B
Capital expenditure$1.27B16%Dividends$2.98B38%Share buybacks$3.57B46%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.4%
×Asset turnover0.69×
×Equity multiplier8.26×
=Return on equity, FY2025104.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.4% | 0.69× | 8.26× | 104.7% |
| FY2024 | 14.6% | 0.77× | 11.51× | 130.0% |
| FY2023 | 17.1% | 0.76× | 31.13× | 406.9% |
| FY2022 | 15.0% | 0.73× | 328.99× | 3586.8% |
| FY2021 | 15.2% | 0.71× | -38.57× | -416.4% |
| FY2020 | 12.8% | 0.69× | -17.10× | -150.9% |
| FY2019 | 11.0% | 0.79× | -10.06× | -87.1% |
| FY2018 | 13.2% | 0.83× | -5.80× | -63.7% |
| FY2017 | -2.4% | 0.77× | -6.16× | 11.5% |
| FY2016 | 9.3% | 0.72× | -15.71× | -104.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.15B
- Cash generatingOperating cash flow above zero$2.84B
- Return on assets improvedROA up on the prior year11.8% → 14.8%
- Earnings backed by cashOperating cash flow above net income$2.84B vs $2.15B
- Less leverageLong-term debt to assets fell38.9% → 43.4%
- Better liquidityCurrent ratio rose1.28 → 1.04
- No dilutionShare count did not rise171M → 169M
- Gross margin improvedGross margin up on the prior year50.96% → 51.66%
- More efficientAsset turnover rose0.81 → 0.80