MARKETS / NYSE / MSI

NYSE · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · LARGE CAP

Motorola Solutions, Inc. MSI

19 fiscal years on record · USD · FY2025 reported · SEC filings only

14 YEARS OF DIVIDEND GROWTH

Revenue

$11.7B

▲ 8.0% YoY

Net income

$2.2B

▲ 36.6% YoY

Free cash flow

$2.6B

▲ 20.5% YoY

In brief

What this company does

Motorola Solutions offers an ecosystem of safety and security technologies that includes Mission Critical Networks (MCN), Video Security and Access Control (Video) and Command Center. The Company designs and advances technology for more than 100,000 customers in over 100 countries. Its largest customer is the U.S. government, representing approximately 8% of the Company's consolidated net sales in 2025. The Company manages its business through two segments: "Products and Systems Integration" and "Software and Services." In 2025, the Products and Systems Integration segment's net sales were $7.3 billion, representing 62% of the Company's consolidated net sales. In 2025, the Software and Services segment's net sales were $4.4 billion, representing 38% of the Company's consolidated net sales. The Company is incorporated under the laws of the State of Delaware as successor to an Illinois corporation, Motorola, Inc., organized in 1928, and changed its name to Motorola Solutions, Inc. on January 4, 2011.

Written from the business description in MOTOROLA SOLUTIONS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 11.7B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 11.7 · Net income 2.2

Compound annual growth

Revenue

+8.6%

+9.5%

+7.4%

+2.9%

Net income

+16.5%

+17.8%

+13.4%

+8.5%

EPS, diluted

+17.2%

+18.5%

+15.5%

+13.7%

Dividend / share

+11.3%

+11.2%

+12.1%

Returned to shareholders

+14.9%

+14.3%

−5.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.5% a year over five years — but profit grew faster: net income at +17.8%, earnings per share at +18.5%.

The share count fell from 0.17B to 0.17B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 25.6% · Net 18.5%

ROE

FY2025 · ROE 104.7%

Gross margin51.7%

Operating margin25.6%

Net margin18.5%

Return on assets12.7%

EBITDAUSD 3.4B

Each USD of equity produced 105 cents of profit this year.

Cash & shareholders

USD 1.8B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 2.6

Net buybacks $B Dividends $B

FY2025 · Dividends 0.7 · Net buybacks 1.1

Dividends paidUSD 728.0M

Net buybacksUSD 1.1B

Share of profit85.2%

Consecutive raises14 years

USD 728.0M in dividends and USD 1.1B in buybacks — 85% of the year's profit went back to shareholders.

Total assetsUSD 19.4B

EquityUSD 2.4B

CashUSD 1.2B

Gross debtUSD 8.4B

Net debtUSD 7.2B

Current ratio1.04×

Net debt stands at 301% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	11.7	10.8	10.0	9.1	8.2	7.4	7.9	7.3	6.4	6.0	5.7	5.9	6.2	6.3	8.2	7.6	6.9	25.1	36.6
Operating income $B	3.0	2.7	2.3	1.7	1.7	1.4	1.6	1.3	1.3	1.0	1.0	−1.0	0.9	0.9	0.9	0.8	0.6	−2.5	−0.6
EBITDA $B	3.4	3.0	2.6	2.1	2.1	1.8	2.0	1.6	1.6	1.3	1.1	−0.8	1.1	1.1	1.2	1.1	1.0	−1.9	0.3
Income tax $B	0.7	0.4	0.4	0.1	0.3	0.2	0.1	0.1	1.2	0.3	0.3	−0.5	−0.1	0.2	−0.0	0.4	0.2	1.6	−0.3
Net income $B	2.2	1.6	1.7	1.4	1.2	0.9	0.9	1.0	−0.2	0.6	0.6	1.3	1.1	0.9	1.2	0.6	−0.1	−4.2	−0.0
Free cash flow $B	2.6	2.1	1.8	1.6	1.6	1.4	1.6	0.9	1.1	0.9	0.8	−0.8	0.4	0.5	0.7	0.6	0.5	−0.7	0.3
EPS, diluted $	12.75	9.23	9.93	7.93	7.17	5.45	4.95	5.62	−0.95	3.24	3.02	5.29	4.06	2.96	3.41	1.87	−0.15	−13.11	−0.02
Dividend / sh $	4.48	4.03	3.62	3.25	2.92	2.63	2.35	2.13	1.93	1.70	1.43	1.30	1.14	0.96	0.22	0.00	0.35	1.40	0.20
Payout %	34	41	34	39	39	46	44	35	−198	50	45	24	27	31	6	0	−224	−11	−955
ROE %	104.7	130.0	406.9	3586.8	·	·	·	·	·	·	46.4	40.6	31.7	20.8	14.4	6.1	−0.5	−44.6	·
Shares out B	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.16	0.16	0.16	0.17	0.22	0.25	0.28	0.32	0.34	0.33	2.28	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRadio & Tv Broadcasting & Communications Equipment

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2007