MSI Financials Motorola Solutions

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:18 UTC Overview →

Growth & profitability

Revenue has grown 9.5% per year over the past 5 years.
Net income has grown faster than revenue (17.8% vs 9.5% per year).
Operating margin has expanded, at 25.6% in the latest year.
Free cash flow has grown 13.0% per year over the past 5 years.

Financial health

Total debt ($9.2B) exceeds cash ($1.2B); net debt is $8.0B.
Total debt has grown in line with revenue (12.1% vs 9.5% per year).
Operating income covered interest expense 8.3× in the latest year, up from 5.9× 5 years ago.
Total debt is 2.7× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 33.8% of earnings and 28.3% of free cash flow.
The dividend has grown 10.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$11.7B	$2.2B	51.7%	25.6%	89.4%	11.1%	$2.6B	$9.2B	$1.2B
2024	$10.8B	$1.6B	51.0%	24.8%	92.6%	10.8%	$2.1B	$6.0B	$2.1B
2023	$10.0B	$1.7B	49.8%	23.0%	236.0%	12.8%	$1.8B	$6.0B	$1.7B
2022	$9.1B	$1.4B	46.4%	18.2%	1175.0%	10.6%	$1.6B	$6.0B	$1.3B
2021	$8.2B	$1.2B	49.4%	20.4%	-3112.5%	10.2%	$1.6B	$5.7B	$1.9B
2020	$7.4B	$949M	48.7%	18.7%	-170.1%	8.7%	$1.4B	$5.2B	$1.3B
2019	$7.9B	$868M	49.8%	20.0%	-124.0%	8.2%	$1.6B	$5.1B	$1.0B
2018	$7.3B	$966M	47.4%	17.1%	-74.7%	10.3%	$878M	$5.3B	$1.3B
2017	$6.4B	-$155M	47.4%	20.1%	8.9%	-1.9%	$1.1B	$4.5B	$1.2B
2016	$6.0B	$560M	47.5%	17.4%	-58.1%	6.6%	$894M	$4.4B	$967M
2015	—	$610M	—	—	-575.5%	7.3%	$846M	$4.3B	$2.0B
2014	—	$1.3B	—	—	47.5%	12.5%	-$818M	$3.4B	$4.0B
2013	—	$1.1B	—	—	30.0%	9.3%	$386M	$2.5B	$3.2B
2012	—	$881M	—	—	27.0%	6.9%	$504M	$1.9B	$1.5B
2011	—	$1.2B	—	—	22.2%	8.3%	$201M	$1.5B	$1.9B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jul '26	$3.1B	$557M	53.6%	25.8%	20.8%	2.9%	$414M	$9.0B	$710M
Apr '26	$2.7B	$366M	50.2%	19.3%	14.4%	1.9%	$389M	$9.0B	$886M
Dec '25	$3.4B	$649M	52.3%	27.9%	26.9%	3.3%	$1.1B	$9.2B	$1.2B
Sep '25	$3.0B	$562M	51.6%	25.6%	24.2%	3.0%	$732M	$9.3B	$894M
Jun '25	$2.8B	$513M	51.1%	25.0%	26.1%	3.1%	$225M	$7.7B	$3.2B
Mar '25	$2.5B	$430M	51.4%	23.0%	26.2%	3.0%	$473M	$5.7B	$1.6B
Dec '24	$3.0B	$611M	51.4%	27.0%	35.9%	4.2%	$984M	$6.0B	$2.1B
Sep '24	$2.8B	$562M	51.4%	25.5%	42.4%	4.0%	$702M	$6.0B	$1.4B
Jun '24	$2.6B	$443M	51.0%	24.5%	55.2%	3.3%	$112M	$6.3B	$1.4B
Mar '24	$2.4B	-$39M	49.9%	21.7%	-7.5%	-0.3%	$336M	$6.3B	$1.5B
Dec '23	$2.8B	$596M	51.1%	25.9%	82.3%	4.5%	$1.2B	$6.0B	$1.7B
Sep '23	$2.6B	$464M	50.1%	25.0%	128.2%	3.7%	$649M	$4.7B	$910M
Jul '23	$2.4B	$371M	49.5%	21.6%	110.1%	3.0%	$40M	$6.0B	$710M
Apr '23	$2.2B	$278M	48.2%	18.4%	118.8%	2.3%	-$62M	$6.0B	$1.0B
Dec '22	$2.7B	$589M	49.9%	25.5%	507.8%	4.6%	$1.2B	$6.0B	$1.3B
Oct '22	$2.4B	$279M	43.4%	15.7%	-68.4%	2.4%	$318M	$6.0B	$822M
Jul '22	$2.1B	$228M	46.3%	16.7%	-51.5%	2.0%	-$49M	$6.0B	$717M
Apr '22	$1.9B	$267M	45.3%	12.6%	-84.5%	2.3%	$98M	$5.7B	$878M
Dec '21	$2.3B	$401M	51.0%	23.7%	-1002.5%	3.3%	$635M	$5.7B	$1.9B
Oct '21	$2.1B	$307M	49.6%	21.4%	-116.7%	2.7%	$315M	$5.7B	$1.7B

Valuation over time

How the market has priced MSI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 34.7× (Mar '23) to 37.4× (Nov '26).
The price-to-sales ratio has risen from 5.2× (Mar '23) to 6.9× (Nov '26).
The dividend yield has fallen from 1.1% (Mar '23) to 0.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MSI growing its revenue and profit?

Over the past 5 years, Motorola Solutions's revenue has grown 9.5% per year, and net income grown 17.8% per year. These are computed facts, not advice.

How much debt does MSI have?

As of FY2025, Motorola Solutions reported $9.2B of total debt against $1.2B of cash; operating income covered interest expense 8.3×.

What is MSI's profit margin?

In FY2025, gross margin was 51.7%, operating margin 25.6%, and net margin 18.4%.

What is MSI's P/E ratio?

Motorola Solutions's P/E (TTM) is 37.79 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MSI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.4× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.