M

MOTOROLA SOLUTIONS, INC.

MSI · CIK 0000068505

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$11.68B8.0%
FY2025
Net income (FY)
$2.15B36.6%
FY2025
Free cash flow (FY)
$2.57B20.5%
FY2025
Diluted EPS (FY)
$12.7538.1%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20BFY2007 · Revenue $36.62B · Net income −$49.0M · 0001047469-10-000905 · filed 2010-02-16FY07Revenue $36.62BNet income −$49.0M0001047469-10-000905 · filed 2010-02-16FY2008 · Revenue $25.11B · Net income −$4.24B · 0001193125-11-039822 · filed 2011-02-18FY08Revenue $25.11BNet income −$4.24B0001193125-11-039822 · filed 2011-02-18FY2009 · Revenue $6.95B · Net income −$51.0M · 0001193125-12-063569 · filed 2012-02-15FY09Revenue $6.95BNet income −$51.0M0001193125-12-063569 · filed 2012-02-15FY2010 · Revenue $7.62B · Net income $633.0M · 0001445305-13-000205 · filed 2013-02-12FY10Revenue $7.62BNet income $633.0M0001445305-13-000205 · filed 2013-02-12FY2011 · Revenue $8.20B · Net income $1.16B · 0000068505-14-000005 · filed 2014-02-13FY11Revenue $8.20BNet income $1.16B0000068505-14-000005 · filed 2014-02-13FY2012 · Revenue $6.27B · Net income $881.0M · 0000068505-15-000003 · filed 2015-02-13FY12Revenue $6.27BNet income $881.0M0000068505-15-000003 · filed 2015-02-13FY2013 · Revenue $6.23B · Net income $1.10B · 0000068505-16-000017 · filed 2016-02-23FY13Revenue $6.23BNet income $1.10B0000068505-16-000017 · filed 2016-02-23FY2014 · Revenue $5.88B · Net income $1.30B · 0000068505-17-000002 · filed 2017-02-21FY14Revenue $5.88BNet income $1.30B0000068505-17-000002 · filed 2017-02-21FY2015 · Revenue $5.70B · Net income $610.0M · 0000068505-18-000009 · filed 2018-02-16FY15Revenue $5.70BNet income $610.0M0000068505-18-000009 · filed 2018-02-16FY2016 · Revenue $6.04B · Net income $560.0M · 0000068505-19-000006 · filed 2019-02-15FY16Revenue $6.04BNet income $560.0M0000068505-19-000006 · filed 2019-02-15FY2017 · Revenue $6.38B · Net income −$155.0M · 0000068505-20-000006 · filed 2020-02-14FY17Revenue $6.38BNet income −$155.0M0000068505-20-000006 · filed 2020-02-14FY2018 · Revenue $7.34B · Net income $966.0M · 0000068505-21-000008 · filed 2021-02-12FY18Revenue $7.34BNet income $966.0M0000068505-21-000008 · filed 2021-02-12FY2019 · Revenue $7.89B · Net income $868.0M · 0000068505-22-000010 · filed 2022-02-16FY19Revenue $7.89BNet income $868.0M0000068505-22-000010 · filed 2022-02-16FY2020 · Revenue $7.41B · Net income $949.0M · 0000068505-23-000015 · filed 2023-02-16FY20Revenue $7.41BNet income $949.0M0000068505-23-000015 · filed 2023-02-16FY2021 · Revenue $8.17B · Net income $1.25B · 0000068505-24-000008 · filed 2024-02-15FY21Revenue $8.17BNet income $1.25B0000068505-24-000008 · filed 2024-02-15FY2022 · Revenue $9.11B · Net income $1.36B · 0000068505-25-000012 · filed 2025-02-14FY22Revenue $9.11BNet income $1.36B0000068505-25-000012 · filed 2025-02-14FY2023 · Revenue $9.98B · Net income $1.71B · 0000068505-26-000010 · filed 2026-02-12FY23Revenue $9.98BNet income $1.71B0000068505-26-000010 · filed 2026-02-12FY2024 · Revenue $10.82B · Net income $1.58B · 0000068505-26-000010 · filed 2026-02-12FY24Revenue $10.82BNet income $1.58B0000068505-26-000010 · filed 2026-02-12FY2025 · Revenue $11.68B · Net income $2.15B · 0000068505-26-000010 · filed 2026-02-12FY25Revenue $11.68BNet income $2.15B0000068505-26-000010 · filed 2026-02-12FY25Revenue $11.68BNet income $2.15B0000068505-26-000010 · filed 2026-02-12FY07FY10FY13FY16FY19FY22FY25

net margin -0.1% → 18.4%

MarginsNet marginFCF margin
0%20%FY2007 · Net margin -0.1% · FCF margin 0.7%FY07Net margin -0.1%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin -16.9% · FCF margin -2.9%FY08Net margin -16.9%FCF margin -2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -0.7% · FCF margin 7.1%FY09Net margin -0.7%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 8.3% · FCF margin 8.0%FY10Net margin 8.3%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 14.1% · FCF margin 8.1%FY11Net margin 14.1%FCF margin 8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 14.1% · FCF margin 8.0%FY12Net margin 14.1%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 17.6% · FCF margin 6.2%FY13Net margin 17.6%FCF margin 6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 22.1% · FCF margin -13.9%FY14Net margin 22.1%FCF margin -13.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 10.7% · FCF margin 14.9%FY15Net margin 10.7%FCF margin 14.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 9.3% · FCF margin 14.8%FY16Net margin 9.3%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -2.4% · FCF margin 17.5%FY17Net margin -2.4%FCF margin 17.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 13.2% · FCF margin 12.0%FY18Net margin 13.2%FCF margin 12.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 11.0% · FCF margin 20.0%FY19Net margin 11.0%FCF margin 20.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 12.8% · FCF margin 18.8%FY20Net margin 12.8%FCF margin 18.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 15.2% · FCF margin 19.5%FY21Net margin 15.2%FCF margin 19.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 15.0% · FCF margin 17.2%FY22Net margin 15.0%FCF margin 17.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 17.1% · FCF margin 17.9%FY23Net margin 17.1%FCF margin 17.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 14.6% · FCF margin 19.7%FY24Net margin 14.6%FCF margin 19.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 18.4% · FCF margin 22.0%FY25Net margin 18.4%FCF margin 22.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 18.4%FCF margin 22.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 18.4% · free cash flow 22.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$2BFY2007 · OCF $785.0M · FCF $258.0M · 0001047469-10-000905 · filed 2010-02-16FY07OCF $785.0MFCF $258.0M0001047469-10-000905 · filed 2010-02-16FY2008 · OCF −$325.0M · FCF −$733.0M · 0001193125-11-039822 · filed 2011-02-18FY08OCF −$325.0MFCF −$733.0M0001193125-11-039822 · filed 2011-02-18FY2009 · OCF $627.0M · FCF $491.0M · 0001193125-12-063569 · filed 2012-02-15FY09OCF $627.0MFCF $491.0M0001193125-12-063569 · filed 2012-02-15FY2010 · OCF $803.0M · FCF $611.0M · 0001445305-13-000205 · filed 2013-02-12FY10OCF $803.0MFCF $611.0M0001445305-13-000205 · filed 2013-02-12FY2011 · OCF $848.0M · FCF $662.0M · 0000068505-14-000005 · filed 2014-02-13FY11OCF $848.0MFCF $662.0M0000068505-14-000005 · filed 2014-02-13FY2012 · OCF $674.0M · FCF $504.0M · 0000068505-15-000003 · filed 2015-02-13FY12OCF $674.0MFCF $504.0M0000068505-15-000003 · filed 2015-02-13FY2013 · OCF $555.0M · FCF $386.0M · 0000068505-16-000017 · filed 2016-02-23FY13OCF $555.0MFCF $386.0M0000068505-16-000017 · filed 2016-02-23FY2014 · OCF −$637.0M · FCF −$818.0M · 0000068505-17-000002 · filed 2017-02-21FY14OCF −$637.0MFCF −$818.0M0000068505-17-000002 · filed 2017-02-21FY2015 · OCF $1.02B · FCF $846.0M · 0000068505-18-000009 · filed 2018-02-16FY15OCF $1.02BFCF $846.0M0000068505-18-000009 · filed 2018-02-16FY2016 · OCF $1.17B · FCF $894.0M · 0000068505-19-000006 · filed 2019-02-15FY16OCF $1.17BFCF $894.0M0000068505-19-000006 · filed 2019-02-15FY2017 · OCF $1.35B · FCF $1.12B · 0000068505-20-000006 · filed 2020-02-14FY17OCF $1.35BFCF $1.12B0000068505-20-000006 · filed 2020-02-14FY2018 · OCF $1.07B · FCF $878.0M · 0000068505-21-000008 · filed 2021-02-12FY18OCF $1.07BFCF $878.0M0000068505-21-000008 · filed 2021-02-12FY2019 · OCF $1.82B · FCF $1.57B · 0000068505-22-000010 · filed 2022-02-16FY19OCF $1.82BFCF $1.57B0000068505-22-000010 · filed 2022-02-16FY2020 · OCF $1.61B · FCF $1.40B · 0000068505-23-000015 · filed 2023-02-16FY20OCF $1.61BFCF $1.40B0000068505-23-000015 · filed 2023-02-16FY2021 · OCF $1.84B · FCF $1.59B · 0000068505-24-000008 · filed 2024-02-15FY21OCF $1.84BFCF $1.59B0000068505-24-000008 · filed 2024-02-15FY2022 · OCF $1.82B · FCF $1.57B · 0000068505-25-000012 · filed 2025-02-14FY22OCF $1.82BFCF $1.57B0000068505-25-000012 · filed 2025-02-14FY2023 · OCF $2.04B · FCF $1.79B · 0000068505-26-000010 · filed 2026-02-12FY23OCF $2.04BFCF $1.79B0000068505-26-000010 · filed 2026-02-12FY2024 · OCF $2.39B · FCF $2.13B · 0000068505-26-000010 · filed 2026-02-12FY24OCF $2.39BFCF $2.13B0000068505-26-000010 · filed 2026-02-12FY2025 · OCF $2.84B · FCF $2.57B · 0000068505-26-000010 · filed 2026-02-12FY25OCF $2.84BFCF $2.57B0000068505-26-000010 · filed 2026-02-12FY25OCF $2.84BFCF $2.57B0000068505-26-000010 · filed 2026-02-12’09’13’17’21’25

FY2025: $2.84B operating cash − $265.0M capex = $2.57B free cash flow

Returns on capitalReturn on equityReturn on assets
-2000%0%FY2008 · ROE -44.6% · ROA -15.2%FY08ROE -44.6%ROA -15.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE -0.5% · ROA -0.2%FY09ROE -0.5%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 5.8% · ROA 2.5%FY10ROE 5.8%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 22.2% · ROA 8.3%FY11ROE 22.2%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 27.0% · ROA 6.9%FY12ROE 27.0%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 30.0% · ROA 9.3%FY13ROE 30.0%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 47.5% · ROA 12.5%FY14ROE 47.5%ROA 12.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -575.5% · ROA 7.3%FY15ROE -575.5%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -58.1% · ROA 6.6%FY16ROE -58.1%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 8.9% · ROA -1.9%FY17ROE 8.9%ROA -1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -74.7% · ROA 10.3%FY18ROE -74.7%ROA 10.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -124.0% · ROA 8.2%FY19ROE -124.0%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -170.1% · ROA 8.7%FY20ROE -170.1%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -3112.5% · ROA 10.2%FY21ROE -3112.5%ROA 10.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 1175.0% · ROA 10.6%FY22ROE 1175.0%ROA 10.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 236.0% · ROA 12.8%FY23ROE 236.0%ROA 12.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 92.6% · ROA 10.8%FY24ROE 92.6%ROA 10.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 89.4% · ROA 11.1%FY25ROE 89.4%ROA 11.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 89.4%ROA 11.1%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -45% (FY2008) → 89% (FY2025) · on assets 11.1%

The receipts