Motorola Solutions

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

                    Revenue
                    FY2025
                
$11.7B
                    3y CAGR +8.6%
                    
                    P58
                    
                    +8.0%
                    
                    Net income
                    FY2025
                
$2.2B
                    Net margin +18.4%
                    
                    P58
                    
                    +36.6%
                    
                    Total assets
                    FY2025
                
$19.4B
                    ROA +11.1%
                    
                    P69
                    
                    +32.8%
                    
                    Operating cash flow
                    FY2025
                
$2.8B
                    FCF margin +22.0%
                    
                    P48
                    
                    +18.7%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 3 years

Total assets $19.4B

Total liabilities ~$17.0B

Shareholders equity $2.4B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	10.0%	19.4%	17.1%
Accounts Receivable	18.8%	18.0%	17.1%
Inventory	8.4%	7.1%	8.3%
Other Current Assets	16.7%	15.3%	14.9%
Total Current Assets	53.9%	59.9%	57.4%
Property,Plant and Equipment	10.0%	9.4%	9.7%
Operating Lease Assets	5.0%	4.9%	5.0%
Goodwill	58.2%	32.6%	34.1%
Intangible Assets	26.6%	11.5%	12.6%
Long Term Investments	1.6%	1.2%	1.4%
Deferred Tax Assets	6.5%	11.8%	10.6%
Other Noncurrent Assets	4.2%	3.5%	2.9%
Total Assets	166.0%	134.9%	133.7%
Liabilities
Accounts Payable	9.7%	9.4%	8.8%
Accrued Liabilities	16.5%	15.2%	15.1%
Deferred Revenue	19.4%	19.2%	20.4%
Current Portion of Long Term Debt	6.4%	3.0%	13.2%
Total Current Liabilities	52.0%	46.7%	57.5%
Long Term Debt	72.0%	52.5%	47.2%
Operating Lease Liabilities Noncurrent	4.0%	3.9%	4.1%
Other Noncurrent Liabilities	17.1%	15.9%	17.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	19.5%	17.9%	16.3%
Retained Earnings	21.8%	21.3%	16.4%
Accumulated Other Comprehensive Income	-20.7%	-23.5%	-25.5%
Total Stockholders Equity	20.6%	15.7%	7.3%
Noncontrolling Interest	0.1%	0.1%	0.2%
Total Liabilitiesand Equity	166.0%	134.9%	133.7%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $11.7B

Operating income $3.0B

Net income $2.2B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	48.3%	49.0%	50.2%
Other Income Expense Gross Profit	51.7%	51.0%	49.8%
Expenses Research and Development	8.3%	8.5%	8.6%
Expenses Selling,General and Administrative	16.0%	16.2%	15.6%
Expenses Other Operating Expenses	1.8%	1.4%	2.6%
Other Income Expense Operating Income	25.6%	24.8%	23.0%
Other Income Expense Interest Expense	2.6%	2.1%	2.2%
Other Income Expense Other Income/expense	1.1%	-4.5%	0.7%
Other Income Expense Income Before Tax	24.1%	18.2%	21.5%
Income Tax Income Tax Expense	5.6%	3.6%	4.3%
net Income Other Items Below Tax	-0.1%	-0.0%	-0.1%
net Income net Income	18.4%	14.6%	17.1%
net Income Comprehensive Income	19.5%	14.6%	17.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.4%	1.6%	1.7%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $2.8B

Investing cash flow $-5.2B

Financing cash flow $1.3B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	18.5%	14.6%	17.2%
Operating Activities Depreciation and Amortization	3.6%	3.1%	3.6%
Operating Activities Stock Based Compensation	2.5%	2.2%	2.1%
Operating Activities Deferred Income Taxes	0.8%	-2.0%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	-1.2%	-1.4%	-2.4%
Operating Activities Other Non Cash Items	0.0%	5.6%	0.4%
Operating Activities net Cash From Operating Activities	24.3%	22.1%	20.5%
Investing Activities Capital Expenditures	-2.3%	-2.4%	-2.5%
Investing Activities Proceeds From Sale of Investments	0.1%	0.4%	0.2%
Investing Activities Other Investing Activities	-42.1%	-2.7%	-1.8%
Investing Activities net Cash From Investing Activities	-44.2%	-4.7%	-4.1%
Financing Activities Proceeds From Debt	31.3%	11.9%	0.0%
Financing Activities Repayment of Debt	-4.3%	-17.6%	-0.0%
Financing Activities Repurchase of Common Stock	-9.9%	-2.3%	-8.1%
Financing Activities Dividends Paid	-6.2%	-6.0%	-5.9%
Financing Activities Proceeds From Stock Issuance	0.4%	0.7%	1.0%
Financing Activities Other Financing Activities	-0.1%	-0.0%	-0.1%
Financing Activities net Cash From Financing Activities	11.2%	-13.4%	-13.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.7%	-0.4%	0.5%
Cash Reconciliation net Change In Cash	-8.0%	3.7%	3.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+51.7%	+51.0%	+49.8%
Operating margin	+25.6%	+24.8%	+23.0%
Net margin	+18.4%	+14.6%	+17.1%
FCF margin	+22.0%	+19.7%	+17.9%
Growth
Revenue CAGR (3y)	+8.6%	+9.8%	+10.4%
Returns
ROE	+89.4%	+92.6%	+236.0%
ROA	+11.1%	+10.8%	+12.8%
ROIC	+22.1%	+38.5%	+36.4%
Liquidity
Current ratio	1.04x	1.28x	1.00x
Quick ratio	0.55x	0.80x	0.60x
Leverage
D/E	7.05x	7.57x	17.42x
Interest coverage	9.89x	11.84x	10.62x
Efficiency
Asset turnover	0.60x	0.74x	0.75x
Cash conversion cycle	+59d	+49d	+59d

Valuation

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FY2025 fundamentals · no price

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Motorola Solutions

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