Motorola Solutions

Information Technology Communications Equipment Chicago, Illinois Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$11.7B
                    3y CAGR +8.6%
                    
                    P63
                    
                    +8.0%
                    
                    Net income
                    FY2025
                
$2.2B
                    Net margin +18.4%
                    
                    P56
                    
                    +36.6%
                    
                    Total assets
                    FY2025
                
$19.4B
                    ROA +11.1%
                    
                    P67
                    
                    +32.8%
                    
                    Operating cash flow
                    FY2025
                
$2.8B
                    
                    +18.7%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

36 accounts · 5 years

Total assets $19.4B

Total liabilities $6.1B

Shareholders equity $2.4B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	6.0%	14.4%	12.8%	10.3%	15.4%
Short Term Investments	0.2%	0.2%	0.2%	0.2%	0.6%
Accounts Receivable	11.3%	13.4%	12.8%	11.8%	11.4%
Inventory	5.1%	5.2%	6.2%	8.2%	6.5%
Prepaid Expenses	1.9%	2.9%	2.7%	3.0%	2.1%
Other Current Assets	1.9%	2.9%	2.7%	3.0%	2.1%
Total Current Assets	32.5%	44.4%	42.9%	41.0%	44.4%
Property,Plant and Equipment	6.0%	7.0%	7.2%	7.2%	8.5%
Operating Lease Assets	3.0%	3.6%	3.7%	3.8%	3.1%
Goodwill	35.1%	24.2%	25.5%	25.8%	21.0%
Intangible Assets	16.0%	8.6%	9.4%	10.5%	9.1%
Long Term Investments	1.0%	0.9%	1.1%	1.1%	1.7%
Deferred Tax Assets	3.9%	8.8%	8.0%	8.1%	7.5%
Other Noncurrent Assets	2.5%	2.6%	2.1%	2.4%	4.6%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.8%	7.0%	6.6%	8.3%	7.0%
Accrued Liabilities	10.0%	11.3%	11.3%	12.8%	12.8%
Deferred Revenue	11.7%	14.2%	15.3%	14.5%	13.5%
Current Portion of Long Term Debt	3.9%	2.2%	9.8%	0.0%	0.0%
Operating Lease Liabilities	0.7%	0.9%	0.9%	0.9%	1.0%
Other Current Liabilities	10.3%	11.8%	13.1%	13.2%	17.6%
Total Current Liabilities	31.3%	34.6%	43.0%	35.6%	33.3%
Long Term Debt	43.4%	38.9%	35.3%	46.9%	46.7%
Deferred Revenue Noncurrent	3.9%	3.4%	3.2%	2.8%	2.5%
Operating Lease Liabilities Noncurrent	2.4%	2.9%	3.1%	3.3%	2.6%
Deferred Tax Liabilities	0.6%	0.6%	0.4%	0.6%	1.5%
Other Noncurrent Liabilities	10.3%	11.8%	13.1%	13.2%	17.6%
Total Liabilities	31.3%	34.6%	43.0%	35.6%	33.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	11.8%	13.3%	12.2%	10.2%	8.1%
Retained Earnings	13.1%	15.8%	12.3%	10.5%	11.1%
Accumulated Other Comprehensive Income	-12.5%	-17.4%	-19.0%	-19.8%	-19.5%
Noncontrolling Interest	0.1%	0.1%	0.1%	0.1%	0.1%
Total Stockholders Equity	12.4%	11.7%	5.4%	0.9%	-0.3%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $11.7B

Operating income $3.0B

Net income $2.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	60.3%	74.1%	74.8%	71.1%	67.0%
Expenses Cost of Revenue	29.1%	36.3%	37.6%	38.1%	33.9%
Expenses Research and Development	5.0%	6.3%	6.4%	6.1%	6.0%
Expenses Selling,General and Administrative	9.6%	12.0%	11.7%	11.3%	11.1%
Expenses Depreciation and Amortization	2.2%	2.3%	2.7%	3.4%	3.6%
Expenses Share Based Compensation	1.5%	1.7%	1.6%	1.3%	1.1%
Expenses Restructuring and Asset Impairment	0.0%	0.0%	0.2%	0.0%	0.0%
Other Income Expense Gross Profit	31.1%	37.8%	37.3%	33.0%	33.1%
Other Income Expense Operating Income	15.4%	18.4%	17.2%	13.0%	13.7%
Other Income Expense Interest Income	0.3%	0.5%	0.2%	0.1%	0.1%
Other Income Expense Interest Expense	1.9%	2.0%	1.9%	1.9%	1.8%
Other Income Expense Other Income/expense	0.6%	-3.4%	0.5%	0.6%	0.8%
Other Income Expense Income Before Tax	14.5%	13.5%	16.1%	11.8%	12.7%
Income Tax Income Tax Expense	3.4%	2.7%	3.2%	1.2%	2.5%
net Income net Income	11.1%	10.8%	12.8%	10.6%	10.2%
net Income Comprehensive Income	11.7%	10.8%	12.8%	9.4%	10.8%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.9%	1.1%	1.3%	1.3%	1.4%
Earnings Per Share Weighted Average Shares Diluted	0.9%	1.2%	1.3%	1.3%	1.4%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $2.8B

Investing cash flow $-5.2B

Financing cash flow $1.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	11.1%	10.8%	12.8%	10.6%	10.2%
Operating Activities Depreciation and Amortization	2.2%	2.3%	2.7%	3.4%	3.6%
Operating Activities Stock Based Compensation	1.5%	1.7%	1.6%	1.3%	1.1%
Operating Activities Deferred Income Taxes	0.5%	-1.5%	-0.2%	-2.6%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.7%	-0.4%	-1.5%	1.9%	2.3%
Operating Activities net Cash From Operating Activities	14.6%	16.4%	15.3%	14.2%	15.1%
Investing Activities net Cash From Investing Activities	-26.6%	-3.5%	-3.1%	-10.8%	-6.1%
Financing Activities Proceeds From Debt	14.1%	8.8%	0.0%	0.0%	0.0%
Financing Activities Repayment of Debt	1.7%	13.1%	0.0%	2.2%	2.9%
Financing Activities Repurchase of Common Stock	6.0%	1.7%	6.0%	6.5%	4.3%
Financing Activities Dividends Paid	3.8%	4.5%	4.4%	4.1%	4.0%
Financing Activities Proceeds From Stock Issuance	0.8%	1.1%	1.2%	1.2%	0.8%
Financing Activities Tax Withholding On Stock Based Compensation	0.6%	0.6%	0.4%	—	—
Financing Activities net Cash From Financing Activities	6.8%	-9.9%	-9.7%	-7.1%	-3.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.4%	-0.3%	0.3%	-0.6%	-0.4%
Cash Reconciliation net Change In Cash	-4.8%	2.7%	2.8%	-4.3%	5.1%
Cash Reconciliation Cash At Beginning of Period	6.0%	14.4%	12.8%	10.3%	15.4%
Cash Reconciliation Cash At End of Period	6.0%	14.4%	12.8%	10.3%	15.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+51.7%	+51.0%	+49.8%	+46.4%	+49.4%
Operating margin	+25.6%	+24.8%	+23.0%	+18.2%	+20.4%
Net margin	+18.4%	+14.6%	+17.1%	+15.0%	+15.2%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+8.6%	+9.8%	+10.4%	+4.9%	+3.6%
Returns
ROE	+89.4%	+92.6%	+236.0%	+1175.0%	-3112.5%
ROA	+11.1%	+10.8%	+12.8%	+10.6%	+10.2%
ROIC	+22.1%	+38.5%	+36.4%	+31.2%	+35.5%
Liquidity
Current ratio	1.04x	1.28x	1.00x	1.15x	1.33x
Quick ratio	0.55x	0.80x	0.60x	0.62x	0.80x
Leverage
D/E	2.52x	2.97x	7.92x	39.31x	-101.58x
Interest coverage	8.30x	9.11x	9.21x	6.92x	7.75x
Efficiency
Asset turnover	0.60x	0.74x	0.75x	0.71x	0.67x
Cash conversion cycle	+59d	+49d	+59d	+60d	+56d

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Motorola Solutions

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