Motorola Solutions Inc
NYSE: MSI · TECHNOLOGY · COMMUNICATION EQUIPMENT
Updated 2026-06-05
Motorola Solutions Inc (MSI) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $38.59B | $34.81B | $27.87B | $25.60B | $25.58B | $13.93B | $12.68B | $11.85B | $10.42B | $8.39B | $8.43B | $8.21B | $9.41B | $10.64B | $10.88B | $12.19B | $12.81B | $13.34B | $14.60B | $19.39B |
| Cash & equivalents | $3.21B | $2.75B | $3.06B | $2.87B | $4.21B | $1.88B | $1.47B | $3.23B | $3.95B | $1.98B | $1.03B | $1.21B | $1.25B | $1.00B | $1.25B | $1.87B | $1.32B | $1.71B | $2.10B | $1.17B |
| Current assets | $30.98B | $22.22B | $17.36B | $16.03B | $17.15B | $8.77B | $7.40B | $7.02B | $6.88B | $4.58B | $3.43B | $3.95B | $4.27B | $4.18B | $4.33B | $5.41B | $5.25B | $5.72B | $6.48B | $6.30B |
| Total liabilities | $21.45B | $19.36B | $18.36B | $15.72B | $14.59B | $8.65B | $9.39B | $8.16B | $7.66B | $8.48B | $9.38B | $9.94B | $10.69B | $11.32B | $11.42B | $12.21B | $12.68B | $12.60B | $12.88B | $16.96B |
| Current liabilities | $15.43B | $12.50B | $10.62B | $8.26B | $8.71B | $3.81B | $3.33B | $3.22B | $2.25B | $2.19B | $2.63B | $2.93B | $3.10B | $3.44B | $3.49B | $4.06B | $4.56B | $5.74B | $5.05B | $6.08B |
| Long-term debt | $2.70B | $3.99B | $4.09B | $3.37B | $2.19B | $1.13B | $1.86B | $2.46B | $3.40B | $4.39B | $4.39B | $4.42B | $5.29B | $5.11B | $5.16B | $5.69B | $6.01B | $4.71B | $5.67B | $8.41B |
| Shareholder equity | $17.14B | $15.45B | $9.51B | $9.78B | $10.88B | $5.21B | $3.27B | $3.66B | $2.73B | $-106.00M | $-964.00M | $-1.74B | $-1.29B | $-700.00M | $-558.00M | $-40.00M | $116.00M | $724.00M | $1.70B | $2.41B |
| Retained earnings | $9.09B | $8.58B | $3.88B | $3.83B | $4.46B | $1.02B | $1.63B | $2.42B | $3.41B | $1.72B | $1.15B | $467.00M | $1.05B | $1.24B | $1.13B | $1.35B | $1.34B | $1.64B | $2.30B | $2.55B |
| Accounts receivable | $7.51B | $5.32B | $3.49B | $2.85B | $3.27B | $2.25B | $1.77B | $1.77B | $1.83B | $1.74B | $1.89B | $2.07B | $2.31B | $2.46B | $2.32B | $2.49B | $2.49B | $2.81B | $3.18B | $3.77B |
| Inventory | $3.16B | $2.84B | $2.66B | $1.31B | $1.36B | $512.00M | $513.00M | $522.00M | $345.00M | $296.00M | $273.00M | $327.00M | $356.00M | $447.00M | $508.00M | $788.00M | $1.05B | $827.00M | $766.00M | $983.00M |
| Goodwill | $1.71B | $4.50B | $2.84B | $2.82B | $2.83B | $1.43B | $1.51B | $361.00M | $383.00M | $420.00M | $728.00M | $938.00M | $1.51B | $2.07B | $2.22B | $2.56B | $3.31B | $3.40B | $3.53B | $6.80B |
Frequently asked questions
What is Motorola Solutions Inc's revenue?
Motorola Solutions Inc's trailing twelve-month revenue is $11.87B, and consensus projects about $17.80B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MSI?
In its most recent fiscal year, MSI ran a gross margin of 50.18%, an operating margin of 25.12%, and a net margin of 18.44%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MSI generate?
MSI produced $2.57B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MSI's balance sheet healthy?
MSI holds $1.17B in cash and equivalents against $8.41B in long-term debt, on $2.41B of shareholder equity. That debt is best read against the cash flow the business throws off each year.