MSI
Motorola Solutions Inc.Stock · TechnologyS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.10% · Russell 3000 0.10% · US Stock Market 0.10% · MSCI ACWI 0.07% · MSCI World 0.07%$466.16+0.49%
as of market close, Sep 11, 2026
☾ AH — —
MSI financial statements
The full income statement, balance sheet, and cash-flow statement for Motorola Solutions Inc. (MSI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 166.8M2024-09 167.1M2024-12 166.9M2025-03 166.9M2025-06 166.6M2025-09 166.6M2025-12 165.7M2026-04 166.0M2026-07 165.5M-0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 11.7B+8.0% | 10.8B+8.4% | 9.98B+9.5% | 9.11B+11.5% | 8.17B+10.2% | |
| 6.04B+9.5% | 5.51B+10.9% | 4.97B+17.5% | 4.23B+4.7% | 4.04B+12.0% | ||
| Cost of revenue | 5.65B+6.4% | 5.30B+5.9% | 5.01B+2.6% | 4.88B+18.2% | 4.13B+8.5% | |
| Research & development | 970M+5.8% | 917M+6.9% | 858M+10.1% | 779M+6.1% | 734M+7.0% | |
| Selling, general & administrative | 1.87B+6.7% | 1.75B+12.2% | 1.56B+7.7% | 1.45B+7.2% | 1.35B+4.6% | |
| Restructuring | 0.00 | 0.00-100.0% | 24.0M | 0.00 | 0.00 | |
| Amortization of intangibles | 234M+53.9% | 152M-14.1% | 177M-31.1% | 257M+8.9% | 236M+9.8% | |
| Operating income | 2.99B+11.2% | 2.69B+17.2% | 2.29B+38.1% | 1.66B-0.4% | 1.67B+20.5% | |
| Interest expense | 360M+22.0% | 295M+18.5% | 249M+3.8% | 240M+11.6% | 215M-7.7% | |
| Other non-operating income | 126M+125.8% | -489M-819.1% | 68.0M-11.7% | 77.0M-16.3% | 92.0M+607.7% | |
| Pre-tax income | 2.81B+42.6% | 1.97B-8.1% | 2.15B+41.7% | 1.51B-2.4% | 1.55B+32.2% | |
| Income tax | 652M+67.2% | 390M-9.7% | 432M+191.9% | 148M-51.0% | 302M+36.7% | |
| 2.15B+36.6% | 1.58B-7.7% | 1.71B+25.4% | 1.36B+9.5% | 1.25B+31.2% | ||
| Net income to non-controlling interest | 6.00M+20.0% | 5.00M+0.0% | 5.00M+25.0% | 4.00M-20.0% | 5.00M+25.0% | |
| $12.75+38.1% | $9.23-7.0% | $9.93+25.2% | $7.93+10.6% | $7.17+31.6% | ||
| EPS (basic) | $12.93+36.8% | $9.45-7.6% | $10.23+25.7% | $8.14+10.6% | $7.36+31.9% | |
| Weighted-avg shares (basic) | 167M-0.1% | 167M-0.1% | 167M-0.3% | 168M-1.0% | 169M-0.5% | |
| Weighted-avg shares (diluted) | 169M-1.1% | 171M-0.8% | 172M+0.1% | 172M-1.0% | 174M-0.3% | |
| Dividends per share | $4.48+11.2% | $4.03+11.3% | $3.62+11.4% | $3.25+11.3% | $2.92+11.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.30B-2.8% | 6.48B+13.2% | 5.72B+8.9% | 5.25B-2.9% | 5.41B+25.1% | ||
| Cash & equivalents | 1.17B-44.6% | 2.10B+23.3% | 1.71B+28.7% | 1.32B-29.3% | 1.87B+49.4% | |
| Accounts receivable | 2.20B+12.7% | 1.95B+14.2% | 1.71B+12.6% | 1.52B+9.5% | 1.39B-0.3% | |
| Inventory | 983M+28.3% | 766M-7.4% | 827M-21.6% | 1.05B+33.9% | 788M+55.1% | |
| Other current assets | 378M-11.9% | 429M+20.2% | 357M-6.8% | 383M+47.9% | 259M+7.0% | |
| 19.4B+32.8% | 14.6B+9.4% | 13.3B+4.1% | 12.8B+5.1% | 12.2B+12.1% | ||
| Property, plant & equipment | 1.17B+14.0% | 1.02B+6.0% | 964M+4.0% | 927M-11.0% | 1.04B+2.0% | |
| Operating lease right-of-use | 581M+9.8% | 529M+6.9% | 495M+2.1% | 485M+27.0% | 382M-18.4% | |
| Goodwill | 6.80B+92.9% | 3.53B+3.7% | 3.40B+2.7% | 3.31B+29.1% | 2.56B+15.6% | |
| Intangible assets | 3.10B+148.5% | 1.25B-0.5% | 1.25B-6.5% | 1.34B+21.4% | 1.10B-10.5% | |
| Long-term investments | 187M+38.5% | 135M-5.6% | 143M-2.7% | 147M-29.7% | 209M+32.3% | |
| Deferred tax assets | 761M-40.5% | 1.28B+20.5% | 1.06B+2.5% | 1.04B+13.1% | 916M-5.2% | |
| Other non-current assets | 491M+30.9% | 375M+36.9% | 274M-11.6% | 310M-44.4% | 558M+15.8% | |
| 6.08B+20.2% | 5.05B-11.9% | 5.74B+25.8% | 4.56B+12.2% | 4.06B+16.5% | ||
| Accounts payable | 1.13B+11.4% | 1.02B+15.6% | 881M-17.0% | 1.06B+24.8% | 851M+39.1% | |
| Accrued liabilities | 1.93B+17.5% | 1.64B+9.2% | 1.50B-8.2% | 1.64B+5.2% | 1.56B+18.8% | |
| Deferred revenue | 2.27B+9.3% | 2.07B+1.7% | 2.04B+9.6% | 1.86B+12.7% | 1.65B+6.2% | |
| Short-term & current debt | 0.00-100.0% | 322M-75.5% | 1.31B+131200.0% | 1.00M-80.0% | 5.00M-58.3% | |
| Current lease liability | 133M+4.7% | 127M+1.6% | 125M+5.9% | 118M-4.8% | 124M-1.6% | |
| Finance lease liability (current) | — | — | — | 1.00M-75.0% | 4.00M-63.6% | |
| Long-term debt | 8.41B+48.2% | 5.67B+20.6% | 4.71B-21.8% | 6.01B+5.7% | 5.69B+10.2% | |
| Deferred revenue (non-current) | 751M+51.4% | 496M+17.0% | 424M+16.8% | 363M+18.6% | 306M+8.1% | |
| Non-current lease liability | 471M+10.3% | 427M+4.9% | 407M-2.9% | 419M+33.9% | 313M-22.1% | |
| Operating lease liability (total) | 604M+9.0% | 554M+4.1% | 532M-0.9% | 537M+22.9% | 437M-17.2% | |
| Finance lease liability (total) | — | — | — | 1.00M-75.0% | 4.00M-75.0% | |
| Finance lease liability | — | — | — | — | 0.00-100.0% | |
| Deferred tax liabilities | 124M+42.5% | 87.0M+58.2% | 55.0M-24.7% | 73.0M-60.1% | 183M+1.7% | |
| Other non-current liabilities | 2.00B+16.3% | 1.72B-1.3% | 1.74B+3.0% | 1.69B-21.3% | 2.15B-9.1% | |
| 2.41B+41.5% | 1.70B+135.2% | 724M+524.1% | 116M+390.0% | -40.0M+92.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | |
| Additional paid-in capital | 2.28B+17.5% | 1.94B+19.6% | 1.62B+24.2% | 1.31B+32.3% | 987M+30.0% | |
| Retained earnings | 2.55B+10.8% | 2.30B+40.2% | 1.64B+22.1% | 1.34B-0.5% | 1.35B+19.8% | |
| Accumulated other comprehensive income | -2.42B+4.7% | -2.54B+0.0% | -2.54B-0.2% | -2.54B-6.6% | -2.38B+2.7% | |
| Non-controlling interest | 17.0M+6.3% | 16.0M+6.7% | 15.0M+0.0% | 15.0M-11.8% | 17.0M+0.0% | |
| Total equity incl. non-controlling | 2.43B+41.2% | 1.72B+132.6% | 739M+464.1% | 131M+669.6% | -23.0M+95.7% | |
| Total liabilities & equity | 19.4B+32.8% | 14.6B+9.4% | 13.3B+4.1% | 12.8B+5.1% | 12.2B+12.1% | |
| Common shares issued | 167M-0.7% | 169M+0.7% | 167M-0.7% | 169M-0.6% | 170M-0.4% | |
| Common shares outstanding | 166M-0.8% | 167M+0.5% | 166M-0.8% | 168M-0.7% | 169M-0.4% | |
| Shares outstanding (cover) | 166M-0.8% | 167M+0.5% | 166M-0.7% | 167M-0.6% | 168M-0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.84B+18.7% | 2.39B+17.0% | 2.04B+12.1% | 1.82B-0.8% | 1.84B+13.9% | ||
| Depreciation & amortization | 425M+26.5% | 336M-5.6% | 356M-19.1% | 440M+0.5% | 438M+7.1% | |
| Intangible amortization | 234M+53.9% | 152M-14.1% | 177M-31.1% | 257M+8.9% | 236M+9.8% | |
| Share-based compensation | 293M+20.6% | 243M+14.6% | 212M+23.3% | 172M+33.3% | 129M+0.0% | |
| Deferred income taxes | 94.0M+143.7% | -215M-571.9% | -32.0M+90.4% | -334M-1082.4% | 34.0M+236.0% | |
| Change in inventory | 145M+333.9% | -62.0M+69.0% | -200M-182.6% | 242M-14.8% | 284M+1928.6% | |
| -5.16B-918.5% | -507M-22.5% | -414M+70.2% | -1.39B-86.9% | -742M-69.8% | ||
| Capital expenditure | 265M+3.1% | 257M+1.6% | 253M-1.2% | 256M+5.3% | 243M+12.0% | |
| Free cash flow | 2.57B+20.5% | 2.13B+19.2% | 1.79B+14.3% | 1.57B-1.7% | 1.59B+14.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | 0.00 | 0.00-100.0% | 6.00M-89.3% | |
| 1.31B+190.4% | -1.45B-11.8% | -1.29B-42.9% | -906M-111.2% | -429M+55.6% | ||
| Long-term debt issued | 2.73B+112.2% | 1.29B | 0.00-100.0% | 595M-29.5% | 844M-5.4% | |
| Long-term debt repaid | 322M-83.1% | 1.91B+190500.0% | 1.00M-99.6% | 285M-19.3% | 353M-61.4% | |
| Common stock issued | 46.0M-38.7% | 75.0M-27.9% | 104M-33.3% | 156M+52.9% | 102M-5.6% | |
| Common stock repurchased | 1.15B+373.0% | 244M-69.7% | 804M-3.8% | 836M+58.3% | 528M-13.7% | |
| Dividends paid | 728M+11.3% | 654M+11.0% | 589M+11.1% | 530M+10.0% | 482M+10.6% | |
| FX effect on cash | 81.0M+307.7% | -39.0M-186.7% | 45.0M+157.0% | -79.0M-71.7% | -46.0M-207.0% | |
| Net change in cash | -937M-336.0% | 397M+4.5% | 380M+169.2% | -549M-188.5% | 620M+145.1% | |
| Interest paid | 285M+12.6% | 253M+8.1% | 234M+3.5% | 226M+9.2% | 207M-4.6% | |
| Income taxes paid | 569M-9.3% | 627M+6.8% | 587M+91.2% | 307M+19.5% | 257M+42.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 63.5B-17.7% | 77.2B+48.5% | 52.0B+20.6% | 43.1B-5.7% | 45.7B+59.0% | |
| P/E | 29.5×-39.8% | 48.9×+60.3% | 30.5×-16.7% | 36.7×-0.1% | 36.7×+21.2% | |
| P/S | 5.4×-23.8% | 7.1×+35.0% | 5.3×+7.0% | 4.9×-11.7% | 5.6×+44.3% | |
| P/B | 26.3×-41.8% | 45.3×-68.4% | 143.5× | — | — | |
| P/FCF | 24.7×-31.7% | 36.2×+27.1% | 28.4×-33.9% | 43.0×+50.0% | 28.7×+39.2% | |
| Earnings yield | 3.4%+66.0% | 2.0%-37.6% | 3.3%+20.1% | 2.7%+0.1% | 2.7%-17.5% | |
| FCF yield | 4.1%+46.5% | 2.8%-21.3% | 3.5%+51.2% | 2.3%-33.3% | 3.5%-28.2% | |
| Dividend yield | 1.2%+34.1% | 0.87%-24.6% | 1.2%-8.3% | 1.3%+17.3% | 1.1%-30.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MSI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MSI filings on SEC EDGAR → Not investment advice.