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MSI

Motorola Solutions, Inc.

MSI

Motorola Solutions, Inc. • NYSE
$369.68 ▲ 0.05% (+0.18)
Market Cap $61.57 B
52w High $500.86
52w Low $365.40
Dividend Yield 4.84%
P/E 29.67
Volume 744.08K
Outstanding Shares 166.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.009B ▲ $720M ▼ $562M ▲ 18.677% ▲ $3.37 ▲ $956M ▲
Q2-2025 $2.765B ▲ $721M ▲ $513M ▲ 18.553% ▲ $3.08 ▲ $837M ▲
Q1-2025 $2.528B ▼ $718M ▼ $430M ▼ 17.009% ▼ $2.58 ▼ $697M ▼
Q4-2024 $3.011B ▲ $735M ▲ $611M ▲ 20.292% ▲ $3.66 ▲ $948M ▲
Q3-2024 $2.79B $722M $562M 20.143% $3.36 $852M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $894M ▼ $18.799B ▲ $16.455B ▲ $2.327B ▲
Q2-2025 $3.206B ▲ $16.412B ▲ $14.428B ▲ $1.968B ▲
Q1-2025 $1.564B ▼ $14.433B ▼ $12.774B ▼ $1.641B ▼
Q4-2024 $2.102B ▲ $14.595B ▲ $12.876B ▲ $1.703B ▲
Q3-2024 $1.404B $13.889B $12.548B $1.326B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $562M ▲ $798M ▲ $-4.435B ▼ $1.333B ▼ $-2.312B ▼ $732M ▲
Q2-2025 $515M ▲ $273M ▼ $-60M ▲ $1.375B ▲ $1.642B ▲ $225M ▼
Q1-2025 $432M ▼ $510M ▼ $-477M ▼ $-597M ▼ $-538M ▼ $473M ▼
Q4-2024 $610M ▲ $1.07B ▲ $-107M ▲ $-214M ▲ $698M ▲ $984M ▲
Q3-2024 $563M $759M $-282M $-491M $23M $702M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $1.82Bn ▲$1.45Bn ▼$1.53Bn ▲$1.75Bn ▲
Service
Service
 $1.19Bn ▲$1.08Bn ▼$1.23Bn ▲$1.26Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing a business that keeps expanding rather than relying on one‑off spikes. Profitability has improved even faster than sales, suggesting better pricing power, operating efficiency, or a richer mix of software and services. Earnings per share have climbed meaningfully over this period, reflecting both stronger profits and the impact of capital allocation choices like buybacks. The only small blemish is that net income dipped slightly in the latest year despite stronger underlying operations, which likely reflects non-operating items such as interest, taxes, or one‑time charges rather than a weakening core business.

Balance Sheet

Balance Sheet The balance sheet has strengthened noticeably. Total assets have grown each year, and the cash position has improved, giving the company more financial flexibility. Debt sits at a relatively high level and has stayed fairly constant, which means the business does use significant leverage. However, shareholder equity has moved from negative to clearly positive over this five‑year stretch, indicating accumulated profits are rebuilding the capital base after years of heavy buybacks and restructuring. The key trade-off is a now healthier equity cushion but still meaningful debt, so the company benefits from leverage but carries some balance sheet risk if conditions worsen sharply.

Cash Flow

Cash Flow Cash generation is a major bright spot. Operating cash flow has increased steadily, broadly tracking or even outpacing profit growth, which indicates that reported earnings are backed by real cash, not accounting noise. Free cash flow has also climbed each year, even after funding regular investment in the business, and capital spending needs remain modest. This combination of strong and growing free cash flow with limited capital intensity gives the company ample room to service debt, invest in new technologies, and return capital to shareholders while still maintaining flexibility for acquisitions or downturns.

Competitive Edge

Competitive Edge Motorola Solutions holds a powerful position in mission‑critical communications and public safety technology. It is deeply embedded with police, fire, emergency services, and government agencies worldwide, often under long, multi‑year contracts. The systems it provides—radios, networks, command center software, and video security—are core to safety operations and cannot easily be swapped out without major cost, risk, and disruption. This creates high switching costs and strong customer loyalty. The company also benefits from a trusted brand, extensive patents, and deep expertise with highly regulated standards, all of which make it difficult for new entrants or smaller rivals to displace. Its end‑to‑end ecosystem of hardware, software, and services further differentiates it from point-solution competitors.

Innovation and R&D

Innovation and R&D Innovation is increasingly centered on software, cloud, and AI rather than just hardware. Motorola Solutions has built a tightly integrated “safety and security ecosystem” that ties together radios, command center platforms, video cameras, analytics, and cybersecurity. Acquisitions in video and communications have been woven into this platform, giving it advanced AI‑driven video analytics, incident management, and evidence handling. The company is pushing into Next‑Generation 911, smart city applications, and the connected first responder and vehicle, all of which could deepen customer dependence on its platforms. The main execution risks are keeping pace with rapid advances in AI and cloud, integrating acquired technologies smoothly, and defending its position as more software‑native and cloud‑native competitors target the same public safety and security budgets.

Summary

Overall, Motorola Solutions presents as a mature but still growing technology company with improving profitability, strong and reliable cash generation, and a balance sheet that has moved from fragile to more solid, albeit with notable leverage. Its moat in public safety and mission‑critical communications looks robust, built on decades-long relationships, high switching costs, and a comprehensive ecosystem rather than standalone products. Future growth appears tied to deepening its software, cloud, AI, and video offerings around the same core customer base, while continuing strategic acquisitions. Key risks to watch include the sizeable debt load, the dependence on government and public-sector spending, technological disruption in communications and AI, and the challenge of maintaining integration and reliability across an increasingly complex product and software stack.

NEWS

November 24, 2025 · 4:10 PM UTC

Jason Winkler, Executive Vice President and CFO, Motorola Solutions to Participate in the UBS Global Technology and AI Conference

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November 19, 2025 · 3:00 PM UTC

Motorola Solutions Acquires Blue Eye, Leading Provider of AI-powered Enterprise Remote Video Monitoring Services

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November 18, 2025 · 4:10 PM UTC

Motorola Solutions Appoints Mark Lashier to Board of Directors

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November 18, 2025 · 1:45 PM UTC

Motorola Solutions Increases Quarterly Dividend 11 Percent

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October 30, 2025 · 4:10 PM UTC

Motorola Solutions Reports Third-Quarter 2025 Financial Results

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