# Motorola Solutions, Inc. (MSI)

**Exchange:** NYSE  
**Sector:** Technology  
**Market cap:** $69.67B  
**Price:** $412.25 (+0.46%)

> Motorola Solutions, Inc. is a communications and security technology company focused on public safety and enterprise customers worldwide. The company provides mission-critical communication infrastructure, land mobile radios, devices, and accessories, as well as video security and access control solutions. Its Software and Services capabilities span command center software, dispatch and records management, unified communications applications, mass notification, and video analytics, forming an integrated ecosystem for safety and security. Motorola Solutions primarily serves government agencies, including police, fire, and emergency services, along with schools, hospitals, utilities, manufacturers, and other businesses across more than 100 countries. This ecosystem is designed to unify voice, data, video, and analytics so organizations can improve situational awareness, decision-making, and operational efficiency in critical environments. Founded in 1928 and headquartered in Chicago, Illinois, Motorola Solutions today occupies a central role in the global market for mission-critical communications and security technologies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11.68B | $6.04B | $2.99B | $2.15B | $12.75 |
| 2024 | $10.82B | $5.51B | $2.69B | $1.58B | $9.23 |
| 2023 | $9.98B | $4.97B | $2.29B | $1.71B | $9.93 |
| 2022 | $9.11B | $4.23B | $1.66B | $1.36B | $7.93 |
| 2021 | $8.17B | $4.04B | $1.67B | $1.25B | $7.17 |
| 2020 | $7.41B | $3.61B | $1.38B | $949M | $5.45 |
| 2019 | $7.89B | $3.93B | $1.58B | $868M | $4.95 |
| 2018 | $7.34B | $3.48B | $1.25B | $966M | $5.62 |
| 2017 | $6.38B | $3.02B | $1.28B | -$155M | $-0.95 |
| 2016 | $6.04B | $2.87B | $1.07B | $560M | $3.24 |
| 2015 | $5.70B | $2.72B | $994M | $610M | $3.02 |
| 2014 | $5.88B | $2.83B | -$1.01B | $1.30B | $5.29 |
| 2013 | $8.70B | $4.24B | $1.22B | $1.10B | $4.06 |
| 2012 | $8.70B | $4.35B | $1.26B | $881M | $2.96 |
| 2011 | $8.20B | $4.15B | $858M | $1.16B | $3.41 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $19.39B | — | $2.43B | $1.17B | $8.41B |
| 2024 | $14.60B | — | $1.72B | $2.10B | $5.67B |
| 2023 | $13.34B | — | $739M | $1.71B | $4.71B |
| 2022 | $12.81B | — | $131M | $1.32B | $6.01B |
| 2021 | $12.19B | — | -$23M | $1.87B | $5.69B |
| 2020 | $10.88B | — | -$541M | $1.25B | $5.16B |
| 2019 | $10.64B | — | -$683M | $1.00B | $5.11B |
| 2018 | $9.41B | — | -$1.28B | $1.25B | $5.29B |
| 2017 | $8.21B | — | -$1.73B | $1.21B | $4.42B |
| 2016 | $8.46B | — | -$952M | $1.03B | $4.39B |
| 2015 | $8.39B | — | -$96M | $1.98B | $4.39B |
| 2014 | $10.42B | — | $2.77B | $3.95B | $3.40B |
| 2013 | $11.85B | — | $3.69B | $3.23B | $2.46B |
| 2012 | $12.68B | — | $3.29B | $1.47B | $1.86B |
| 2011 | $13.93B | — | $5.27B | $1.88B | $1.13B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | — | $265M | $2.57B |
| 2024 | — | $257M | $2.13B |
| 2023 | — | $253M | $1.79B |
| 2022 | — | $256M | $1.57B |
| 2021 | — | $243M | $1.59B |
| 2020 | — | $217M | $1.40B |
| 2019 | — | $248M | $1.57B |
| 2018 | — | $197M | $878M |
| 2017 | — | $227M | $1.12B |
| 2016 | — | $271M | $894M |
| 2015 | — | $175M | $830M |
| 2014 | — | $181M | -$866M |
| 2013 | — | $191M | $753M |
| 2012 | — | $187M | $881M |
| 2011 | — | $186M | $662M |

Source: [DividendWall](https://dividendwall.com/company/MSI)