MSI
Motorola Solutions Inc
NYSE: MSI · TECHNOLOGY · COMMUNICATION EQUIPMENT
$429.23
-1.27% today
Updated 2026-04-29
Market cap
$72.84B
P/E ratio
34.37
P/S ratio
6.24x
EPS (TTM)
$12.75
Dividend yield
1.01%
52W range
$358 – $489
Volume
1.0M
Motorola Solutions Inc (MSI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.88B | $36.62B | $30.15B | $18.15B | $7.62B | $8.20B | $6.27B | $6.23B | $5.88B | $5.70B | $6.04B | $6.38B | $7.34B | $7.89B | $7.41B | $8.17B | $9.11B | $9.98B | $10.82B | $11.68B |
| Revenue growth (YoY) | — | -14.6% | -17.7% | -39.8% | -58.0% | +7.7% | -23.6% | -0.7% | -5.6% | -3.2% | +6.0% | +5.7% | +15.1% | +7.4% | -6.0% | +10.2% | +11.5% | +9.5% | +8.4% | +8.0% |
| Cost of revenue | $30.15B | $26.67B | $21.75B | $12.41B | $3.81B | $4.06B | $3.08B | $3.12B | $3.05B | $2.98B | $3.17B | $3.36B | $3.86B | $3.96B | $3.81B | $4.13B | $4.88B | $5.01B | $5.30B | $5.82B |
| Gross profit | $12.73B | $9.95B | $8.39B | $5.74B | $3.81B | $4.15B | $3.19B | $3.11B | $2.83B | $2.72B | $2.87B | $3.02B | $3.48B | $3.93B | $3.61B | $4.04B | $4.23B | $4.97B | $5.51B | $5.86B |
| Gross margin | 29.7% | 27.2% | 27.8% | 31.6% | 50.0% | 50.5% | 50.9% | 49.9% | 48.1% | 47.7% | 47.5% | 47.4% | 47.4% | 49.8% | 48.7% | 49.4% | 46.4% | 49.8% | 51.0% | 50.2% |
| R&D | $4.11B | $4.43B | $4.11B | $2.60B | $1.04B | $1.03B | $790.00M | $761.00M | $681.00M | $620.00M | $553.00M | $568.00M | $637.00M | $687.00M | $686.00M | $734.00M | $779.00M | $858.00M | $917.00M | $971.00M |
| SG&A | $4.50B | $5.09B | $4.33B | $3.38B | $1.87B | $1.91B | $1.47B | $1.33B | $1.18B | $1.02B | $1.04B | $1.02B | $1.25B | $1.40B | $1.29B | $1.35B | $1.45B | $1.46B | $1.75B | $1.84B |
| Operating income | $4.09B | $-553.00M | $-2.39B | $-492.00M | $751.00M | $858.00M | $920.00M | $947.00M | $-1.01B | $994.00M | $1.05B | $1.28B | $1.25B | $1.58B | $1.38B | $1.67B | $1.66B | $2.29B | $2.69B | $2.94B |
| Operating margin | 9.5% | -1.5% | -7.9% | -2.7% | 9.9% | 10.5% | 14.7% | 15.2% | -17.1% | 17.5% | 17.4% | 20.1% | 17.1% | 20.0% | 18.7% | 20.4% | 18.2% | 23.0% | 24.8% | 25.1% |
| EBITDA | $4.65B | $736.00M | $-1.58B | $350.00M | $1.23B | $1.24B | $1.14B | $1.17B | $-841.00M | $1.25B | $1.36B | $1.63B | $1.70B | $1.63B | $1.82B | $2.21B | $2.19B | $2.29B | $2.60B | $3.52B |
| EBITDA margin | 10.8% | 2.0% | -5.2% | 1.9% | 16.2% | 15.1% | 18.2% | 18.8% | -14.3% | 22.0% | 22.6% | 25.6% | 23.2% | 20.7% | 24.5% | 27.0% | 24.1% | 23.0% | 24.1% | 30.2% |
| EBIT | $4.09B | $-167.00M | $-2.41B | $-292.00M | $881.00M | $870.00M | $989.00M | $1.01B | $-1.01B | $1.10B | $1.07B | $1.29B | $1.34B | $1.24B | $1.41B | $1.77B | $1.75B | $2.29B | $2.27B | $3.07B |
| Interest expense | $326.00M | $91.00M | $224.00M | $211.00M | $217.00M | $132.00M | $108.00M | $132.00M | $147.00M | $186.00M | $225.00M | $215.00M | $240.00M | $237.00M | $233.00M | $215.00M | $240.00M | $216.00M | $295.00M | $365.00M |
| Income tax | $1.35B | $-285.00M | $1.61B | $-159.00M | $403.00M | $-3.00M | $211.00M | $-59.00M | $-465.00M | $274.00M | $282.00M | $1.23B | $133.00M | $130.00M | $221.00M | $302.00M | $148.00M | $432.00M | $390.00M | $652.00M |
| Effective tax rate | 26.9% | 85.3% | -60.9% | 75.7% | 38.9% | -0.3% | 19.3% | -5.7% | -55.8% | 31.0% | 33.5% | 114.5% | 12.1% | 13.0% | 18.9% | 19.5% | 9.8% | 20.2% | 19.8% | 23.2% |
| Net income | $3.66B | $-49.00M | $-4.24B | $-51.00M | $633.00M | $1.16B | $881.00M | $1.10B | $1.30B | $610.00M | $560.00M | $-155.00M | $966.00M | $868.00M | $949.00M | $1.25B | $1.36B | $1.71B | $1.58B | $2.15B |
| Net income growth (YoY) | — | -101.3% | -8561.2% | +98.8% | +1341.2% | +82.9% | -23.9% | +24.7% | +18.2% | -53.0% | -8.2% | -127.7% | +723.2% | -10.1% | +9.3% | +31.2% | +9.5% | +25.4% | -7.7% | +36.6% |
| Profit margin | 8.5% | -0.1% | -14.1% | -0.3% | 8.3% | 14.1% | 14.1% | 17.6% | 22.1% | 10.7% | 9.3% | -2.4% | 13.2% | 11.0% | 12.8% | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% |