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Motorola Solutions, Inc. provides public safety, government, defense, and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and the implementation and integration of systems, devices, software, and applications for government, including defense, public safety, and enterprise customers who operate private communications systems and video security solutions, as well as manage a mobile workforce. This segment also provides mission critical networks, and video security and access control technologies, including two-way portable and vehicle-mounted radios, video cameras, and accessories; communications network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment offers public safety and enterprise command center, unified communications applications, mobile video equipment, and video software solutions; repair, technical support, and maintenance services; and monitoring, software updates, and cybersecurity services to government, public safety, and commercial communications networks. It serves hospitality; manufacturing; military and defence; police; air transportation; fire and rescue; stadium; emergency medical services; mining; oil and gas; transportation and logistics; utilities; education; retail; and healthcare industries. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $11.7B | $3.6B | $2.2B | $2.6B | 89.4% | 8.0% | 36.6% |
| 2024 | $10.8B | $2.6B | $1.6B | $2.1B | 92.6% | 8.4% | -7.7% |
| 2023 | $10.0B | $2.8B | $1.7B | $1.8B | 236.0% | 9.5% | 25.4% |
| 2022 | $9.1B | $2.2B | $1.4B | $1.6B | 1175.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,112 | 9,978 | 10,817 | 11,682 |
| Operating Revenue | - | 9,112 | 9,978 | 10,817 | 11,682 |
| Cost Of Revenue | - | 4,883 | 5,008 | 5,305 | 5,647 |
| Gross Profit | - | 4,229 | 4,970 | 5,512 | 6,035 |
| Operating Expense | - | 2,486 | 2,611 | 2,823 | 3,076 |
| Research And Development | - | 779 | 858 | 917 | 970 |
| Selling General And Administration | - | 1,450 | 1,561 | 1,752 | 1,870 |
| Total Expenses | - | 7,369 | 7,619 | 8,128 | 8,723 |
| Operating Income | - | 1,743 | 2,359 | 2,689 | 2,959 |
| Total Operating Income As Reported | - | 1,661 | 2,294 | 2,688 | 2,988 |
| EBITDA | - | 2,195 | 2,751 | 2,603 | 3,597 |
| Normalized EBITDA | - | 2,338 | 2,853 | 3,213 | 3,565 |
| EBIT | - | 1,755 | 2,395 | 2,267 | 3,172 |
| Interest Income | - | 14 | 33 | 68 | 58 |
| Interest Expense | - | 240 | 249 | 295 | 360 |
| Net Interest Income | - | -226 | -216 | -227 | -302 |
| Other Non Operating Income Expenses | - | 123 | 105 | 120 | 123 |
| Other Income Expense | - | -2 | 3 | -490 | 155 |
| Interest Income Non Operating | - | 14 | 33 | 68 | 58 |
| Interest Expense Non Operating | - | 240 | 249 | 295 | 360 |
| Net Non Operating Interest Income Expense | - | -226 | -216 | -227 | -302 |
| Pretax Income | - | 1,515 | 2,146 | 1,972 | 2,812 |
| Tax Provision | - | 148 | 432 | 390 | 652 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -14.01 | -20.50 | -120.64 | 7.42 |
| Net Income Continuous Operations | - | 1,367 | 1,714 | 1,582 | 2,160 |
| Net Income From Continuing And Discontinued Operation | - | 1,363 | 1,709 | 1,577 | 2,154 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,363 | 1,709 | 1,577 | 2,154 |
| Net Income | - | 1,363 | 1,709 | 1,577 | 2,154 |
| Net Income Common Stockholders | - | 1,363 | 1,709 | 1,577 | 2,154 |
| Net Income Including Noncontrolling Interests | - | 1,367 | 1,714 | 1,582 | 2,160 |
| Normalized Income | - | 1,491.99 | 1,790.50 | 2,066.36 | 2,129.42 |
| Diluted NI Availto Com Stockholders | - | 1,363 | 1,709 | 1,577 | 2,154 |
| Basic Average Shares | - | 167.50 | 167 | 166.80 | 166.60 |
| Diluted Average Shares | - | 171.90 | 172.10 | 170.80 | 169 |
| Reconciled Depreciation | - | 440 | 356 | 336 | 425 |
| Reconciled Cost Of Revenue | - | 4,700 | 4,829 | 5,121 | 5,456 |
| Total Unusual Items | - | -143 | -102 | -610 | 32 |
| Total Unusual Items Excluding Goodwill | - | -143 | -102 | -610 | 32 |
| Minority Interests | - | -4 | -5 | -5 | -6 |
| Special Income Charges | - | -92 | -82 | -588 | 26 |
| Gain On Sale Of Business | - | 0 | -24 | 0 | 0 |
| Other Special Charges | - | 14 | 4 | 531 | -142 |
| Write Off | - | 1 | 16 | 3 | 4 |
| Impairment Of Capital Assets | - | 36 | 9 | 8 | 2 |
| Restructuring And Mergern Acquisition | - | 41 | 29 | 46 | 110 |
| Gain On Sale Of Security | - | -51 | -20 | -22 | 6 |
| Depreciation Amortization Depletion Income Statement | - | 257 | 177 | 152 | 234 |
| Depreciation And Amortization In Income Statement | - | 257 | 177 | 152 | 234 |
| General And Administrative Expense | 1,353 | 1,450 | 1,561 | - | - |
| Other Gand A | 1,353 | 1,450 | 1,561 | - | - |
| Salaries And Wages | -123 | -123 | -99 | - | - |
| Gain On Sale Of Ppe | 0 | 0 | - | - | - |
| Other Operating Expenses | - | - | 15 | 2 | 2 |
| Earnings From Equity Interest | 5 | 18 | 0 | 0 | - |
| Amortization | - | 257 | 177 | 152 | 234 |
| Amortization Of Intangibles Income Statement | - | 257 | 177 | 152 | 234 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Motorola Solutions, Inc.this co. | MSI | $68.2B | 31.65↓ discount | 28.29 | 89.4% | 21.35 |
| NXP Semiconductors N.V. | NXPI | $81.4B | 40.25 | 8.09 | 20.1% | 22.89 |
| Monolithic Power Systems, Inc. | MPWR | $81.2B | 130.64 | 22.99 | 17.6% | 102.56 |
| Ciena Corporation | CIEN | $75.8B | 614.93 | 27.79 | 4.5% | 196.65 |
| Lumentum Holdings Inc. | LITE |
| - |
| - |
| - |
| - |
| - |
| - |
| $73.5B |
| 2838.89 |
| 64.80 |
| 2.3% |
| 708.00 |
| Hewlett Packard Enterprise Company | HPE | $71.1B | 1247.31 | 2.88 | 0.2% | 20.41 |
| TE Connectivity plc | TEL | $64.4B | 34.98 | 5.12 | 14.6% | 16.75 |
| Teradyne, Inc. | TER | $63.7B | 114.96 | 22.78 | 19.8% | 80.80 |
| Keysight Technologies, Inc. | KEYS | $58.6B | 68.92 | 9.96 | 14.5% | 40.91 |
| Peer Median | - | 122.80 | 16.37 | 14.5% | 60.86 | |