Motorola Solutions (MSI)
Market Price (5/11/2026): $384.53 | Market Cap: $63.8 BilSector: Information Technology | Industry: Communications Equipment
Motorola Solutions (MSI)
Market Price (5/11/2026): $384.53Market Cap: $63.8 BilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 2.8 Bil, FCF LTM is 2.5 Bil Stock buyback supportStock Buyback 3Y Total is 2.2 Bil Low stock price volatilityVol 12M is 23% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Artificial Intelligence, Cloud Computing, Smart Buildings & Proptech, Show more. | Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -43% | Key risksMSI key risks include [1] a significant dependence on government contracts, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 2.8 Bil, FCF LTM is 2.5 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.2 Bil |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Artificial Intelligence, Cloud Computing, Smart Buildings & Proptech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -43% |
| Key risksMSI key risks include [1] a significant dependence on government contracts, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Q1 2026 Earnings Disappointment and Margin Compression.
Motorola Solutions' first-quarter 2026 earnings, released on May 7, 2026, while exceeding analyst estimates for revenue ($2.7 billion) and non-GAAP EPS ($3.37), were met with investor concern due to a notable decline in profitability. The company's GAAP operating margin fell significantly to 19.3% from 23% in the year-ago quarter, and its free cash flow margin also compressed. This contraction was primarily driven by higher acquisition-related costs, including a $75 million non-cash contingent earnout for Silvus, increased intangible amortization expenses, and elevated supply chain costs. These factors overshadowed positive revisions to full-year 2026 guidance, leading to a 10% drop in the stock price on May 8, 2026.
2. Substantial Insider Selling Activity.
The period saw considerable insider selling, which likely contributed to a negative investor sentiment regarding Motorola Solutions' stock. Notably, Chairman and CEO Gregory Q. Brown executed significant transactions, including selling 21,600 shares valued at over $10.14 million on February 27, 2026, and an additional 28,435 shares for over $13.59 million on March 4, 2026. Insider selling in February 2026 alone totaled $79.0 million, indicating a pattern of leadership offloading shares.
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Stock Movement Drivers
Fundamental Drivers
The -4.4% change in MSI stock from 1/31/2026 to 5/10/2026 was primarily driven by a -5.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 401.48 | 383.99 | -4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,313 | 11,868 | 4.9% |
| Net Income Margin (%) | 18.7% | 17.6% | -5.8% |
| P/E Multiple | 31.6 | 30.5 | -3.6% |
| Shares Outstanding (Mil) | 167 | 166 | 0.5% |
| Cumulative Contribution | -4.4% |
Market Drivers
1/31/2026 to 5/10/2026| Return | Correlation | |
|---|---|---|
| MSI | -4.4% | |
| Market (SPY) | 3.6% | 6.0% |
| Sector (XLK) | 22.1% | -19.9% |
Fundamental Drivers
The -5.0% change in MSI stock from 10/31/2025 to 5/10/2026 was primarily driven by a -5.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 404.29 | 383.99 | -5.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,313 | 11,868 | 4.9% |
| Net Income Margin (%) | 18.7% | 17.6% | -5.8% |
| P/E Multiple | 31.8 | 30.5 | -4.3% |
| Shares Outstanding (Mil) | 167 | 166 | 0.5% |
| Cumulative Contribution | -5.0% |
Market Drivers
10/31/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| MSI | -5.0% | |
| Market (SPY) | 5.5% | 14.2% |
| Sector (XLK) | 17.1% | -8.4% |
Fundamental Drivers
The -11.9% change in MSI stock from 4/30/2025 to 5/10/2026 was primarily driven by a -34.0% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 435.63 | 383.99 | -11.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,818 | 11,868 | 9.7% |
| Net Income Margin (%) | 14.6% | 17.6% | 20.8% |
| P/E Multiple | 46.2 | 30.5 | -34.0% |
| Shares Outstanding (Mil) | 167 | 166 | 0.8% |
| Cumulative Contribution | -11.9% |
Market Drivers
4/30/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| MSI | -11.9% | |
| Market (SPY) | 30.4% | 11.2% |
| Sector (XLK) | 68.1% | -3.6% |
Fundamental Drivers
The 36.2% change in MSI stock from 4/30/2023 to 5/10/2026 was primarily driven by a 30.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 281.99 | 383.99 | 36.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,112 | 11,868 | 30.2% |
| Net Income Margin (%) | 15.0% | 17.6% | 17.7% |
| P/E Multiple | 34.7 | 30.5 | -12.1% |
| Shares Outstanding (Mil) | 168 | 166 | 1.0% |
| Cumulative Contribution | 36.2% |
Market Drivers
4/30/2023 to 5/10/2026| Return | Correlation | |
|---|---|---|
| MSI | 36.2% | |
| Market (SPY) | 78.7% | 39.5% |
| Sector (XLK) | 137.6% | 27.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MSI Return | 62% | -4% | 23% | 49% | -16% | 13% | 171% |
| Peers Return | 43% | -25% | 23% | 32% | 41% | 33% | 227% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| MSI Win Rate | 83% | 50% | 50% | 75% | 50% | 60% | |
| Peers Win Rate | 67% | 37% | 55% | 65% | 67% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| MSI Max Drawdown | -2% | -27% | -2% | -1% | -21% | -2% | |
| Peers Max Drawdown | -4% | -37% | -10% | -12% | -26% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ANET, TU, SWKS, CSCO, CIEN. See MSI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | MSI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.8% | -24.5% |
| % Gain to Breakeven | 34.7% | 32.4% |
| Time to Breakeven | 159 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.8% | -33.7% |
| % Gain to Breakeven | 48.8% | 50.9% |
| Time to Breakeven | 323 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.7% | -19.2% |
| % Gain to Breakeven | 15.8% | 23.7% |
| Time to Breakeven | 46 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -13.5% | -17.9% |
| % Gain to Breakeven | 15.7% | 21.8% |
| Time to Breakeven | 29 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -80.7% | -53.4% |
| % Gain to Breakeven | 419.1% | 114.4% |
| Time to Breakeven | 3248 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -11.2% | -8.6% |
| % Gain to Breakeven | 12.6% | 9.5% |
| Time to Breakeven | 39 days | 47 days |
In The Past
Motorola Solutions's stock fell -9.9% during the 2025 US Tariff Shock. Such a loss loss requires a 10.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | MSI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.8% | -24.5% |
| % Gain to Breakeven | 34.7% | 32.4% |
| Time to Breakeven | 159 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.8% | -33.7% |
| % Gain to Breakeven | 48.8% | 50.9% |
| Time to Breakeven | 323 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -80.7% | -53.4% |
| % Gain to Breakeven | 419.1% | 114.4% |
| Time to Breakeven | 3248 days | 1085 days |
In The Past
Motorola Solutions's stock fell -9.9% during the 2025 US Tariff Shock. Such a loss loss requires a 10.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Motorola Solutions (MSI)
AI Analysis | Feedback
Here are 1-3 brief analogies for Motorola Solutions (MSI):
- It's like a **Verizon** or **AT&T** but exclusively for police, fire departments, and other critical organizations, building and managing their highly secure, specialized communication networks.
- Imagine an **Axon Enterprise (TASR)** that also provides the entire mission-critical radio communication infrastructure, advanced video security, and command center software for public safety and critical enterprises.
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- Land Mobile Radio (LMR) Communications Systems: Comprehensive systems including infrastructure (e.g., base stations, network core software) and devices (e.g., two-way portable and vehicle-mounted radios) for private communication networks.
- Video Security and Access Control Solutions: A portfolio of fixed and mobile video cameras, video analytics software, network video management hardware and software, and access control solutions.
- Command Center Software: Software applications designed for public safety and enterprise command centers, facilitating dispatch and operational management.
- Unified Communications Applications: Software and applications that integrate various communication methods and platforms for enhanced collaboration.
- System Integration Services: Services for the implementation and integration of communication and security systems, devices, software, and applications.
- Managed and Support Services: A range of services including repair, technical support, hardware maintenance, monitoring, software updates, and cybersecurity.
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Motorola Solutions (MSI) Major Customers
Motorola Solutions (MSI) primarily sells its mission-critical communications and analytics solutions to organizations rather than individuals. Its major customer categories include:
- Government customers
- Public safety customers
- Commercial customers
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Greg Brown. Chairman and Chief Executive Officer
Greg Brown has been the Chairman and Chief Executive Officer of Motorola Solutions since 2011 and CEO since 2008. He joined Motorola in January 2003. Before joining Motorola, Brown served as chairman and CEO of Micromuse Inc., a publicly traded network management software company that was acquired by IBM. He was also president of Ameritech Custom Business Services and Ameritech New Media Inc., a business that was sold to Wide Open West LLC for an estimated $1 billion in 2001. During his tenure at Motorola Solutions, he has overseen more than 55 acquisitions and led the acquisition of Symbol Technologies for $3.9 billion.
Jason J. Winkler. Executive Vice President and Chief Financial Officer
Jason J. Winkler was named Executive Vice President and Chief Financial Officer of Motorola Solutions, effective July 1, 2020. He joined Motorola in 2001 and has over 19 years of experience with the company, holding various financial leadership positions, including senior vice president of finance for the products and sales group. Prior to Motorola, Winkler worked at Oracle and Hewitt Associates (now AON). He oversees the company's financial strategy and leads its finance, supply chain, and information technology functions.
Mahesh Saptharishi. Executive Vice President and Chief Technology Officer
Mahesh Saptharishi is Executive Vice President and Chief Technology Officer at Motorola Solutions, responsible for the company's global product organization, including critical communications, video security, and command center solutions. He joined Motorola Solutions in 2018 following the acquisition of Avigilon, a video security solutions company, where he served as senior vice president and chief technology officer. Prior to Avigilon, Saptharishi founded VideoIQ, a video analytics company that was acquired by Avigilon. He also co-founded Broad Reach Security, which was later acquired by GE.
Jack Molloy. Executive Vice President and Chief Operating Officer
Jack Molloy serves as Executive Vice President and Chief Operating Officer at Motorola Solutions, leading global go-to-market operations, commercial strategy, and day-to-day business operations for sales, services, government affairs, and marketing. He has a 31-year career with the company, having joined in 1994, and has held numerous leadership positions across sales organizations, systems integration, managed and support services, and product development teams. He began his career at Motorola in an entry-level role answering customer service calls.
AI Analysis | Feedback
Here are the key risks to Motorola Solutions (MSI):
- Dependence on Government Spending and Exposure to Economic and Political Instability: A substantial portion of Motorola Solutions' revenue is derived from contracts with government agencies, particularly in public safety. This reliance makes the company vulnerable to fluctuations in government budgets, policy changes, and political uncertainties, such as government shutdowns or shifts in spending priorities, which can lead to delayed growth or reduced demand for its products and services. Additionally, global economic downturns, currency fluctuations, and geopolitical unrest can impact demand, disrupt supply chains, and affect market access, thereby influencing the company's financial performance.
- Intense Market Competition and Rapid Technological Change: Motorola Solutions operates in a highly competitive market for communications, video security, and command center solutions. The company must continuously innovate and enhance its offerings to differentiate itself from competitors who may provide similar products at lower prices or with advanced features. The increasing integration of artificial intelligence (AI) in its products and services also presents technological risks, including potential legal liabilities, regulatory oversight, or adverse effects on its business reputation if challenges related to AI use arise.
- Supply Chain Disruptions and Increased Costs: Motorola Solutions relies on a global network of suppliers for materials and components used in its products. The volatile nature of the global trade landscape, including potential tariff changes and other disruptions, exposes the company to risks of increased costs and supply chain interruptions. Such issues can negatively impact its cost structure, profitability, and ability to deliver products to customers.
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The increasing capabilities and adoption of commercial cellular networks (e.g., 5G) and specialized public safety broadband networks, offering advanced Push-to-Talk over Cellular (PoC) and other mission-critical applications, present a clear emerging threat. These cellular-based solutions can serve as a viable alternative to Motorola Solutions' traditional Land Mobile Radio (LMR) systems and devices, potentially eroding the market for dedicated private communications networks among government, public safety, and commercial customers who might opt for more cost-effective, feature-rich, and integrated cellular platforms for a growing range of critical communication needs.
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Motorola Solutions (MSI) operates in several significant addressable markets for its mission-critical communications and analytics products and services. The key markets include Land Mobile Radio (LMR) communications, video security and access control, and public safety and mission-critical communications software and services.
Land Mobile Radio (LMR) Communications Market
The global land mobile radio system market was valued at approximately USD 32.36 billion in 2024 and is projected to reach USD 74.92 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 9.29% during the period of 2025-2033. Other estimates place the global LMR market at USD 26.85 billion in 2023, with an expected growth to USD 70.41 billion by 2030, at a CAGR of 15.7% from 2024 to 2030. North America is a dominant region within this market, holding the largest share in 2024 and 2023, and is projected to reach USD 5.77 billion in 2025. The U.S. LMR market alone is anticipated to reach USD 4.82 billion by 2026, while Canada is projected to record USD 1.06 billion in 2025.
Video Security and Access Control Market
The global video surveillance market, encompassing video security devices and infrastructure, was estimated at USD 73.75 billion in 2024 and is expected to grow to USD 147.66 billion by 2030, demonstrating a CAGR of 12.1% from 2025 to 2030. Another report indicates the global video surveillance market size reached USD 84.12 billion in 2025 and is predicted to increase to approximately USD 267.39 billion by 2035, expanding at a CAGR of 12.26% from 2026 to 2035. In 2024, North America accounted for 32.1% of the global video surveillance market.
For access control solutions, the global market was valued at an estimated USD 13.4 billion in 2024 and is projected to grow to USD 34.1 billion by 2035, with a CAGR of 8.87% from 2025 to 2035. Other analyses estimate the global access control market at USD 11.3 billion in 2025, expected to reach USD 19.9 billion by 2034 at a CAGR of 6.28% from 2026-2034. North America held the largest share in the access control market in 2019, at 36.95%, and continued to dominate in 2024 with a revenue share of over 31%. In 2025, North America's market share was over 38%, with the United States market alone accounting for 76.8% of the North American market.
Public Safety and Mission-Critical Communications Market (including Software and Services)
The broader global public safety and security market, which includes critical communication networks, command center software, and other related solutions and services, was valued at USD 517.6 billion in 2024 and is forecast to reach USD 1,214.2 billion by 2032, with a CAGR of 11.4% during 2025–2032. Other reports show the public safety and security market at USD 569.67 billion in 2024, expected to reach USD 1408.48 billion by 2032 with a CAGR of 11.98%. North America leads this market, accounting for approximately USD 210 billion in 2024, and holding the largest market share at 39.2%.
Specifically for the global mission-critical communication market, which includes LMR and LTE/5G technologies for public safety and other critical sectors, it was valued at USD 19.24 billion in 2024 and is projected to grow to USD 36.89 billion by 2033, at a CAGR of 7.5% during the forecast period of 2026–2033. Another estimate places the global mission-critical communication market at USD 24.19 billion in 2025, expected to reach USD 52.25 billion by 2033 with a CAGR of 10.10%. North America was the largest region in this market in 2025, holding the largest revenue share of 38.75%. North America holds approximately 45% of the global market share for mission-critical communication.
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Motorola Solutions (MSI) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Expansion of Software and Services, particularly in Video and Command Center Solutions: The company is experiencing strong growth within its Software and Services segment, with significant contributions from Video and Command Center offerings. This segment, excluding the U.K. Home Office, saw a 12% revenue increase in Q1 2024. Furthermore, the Software and Services segment's revenue grew by 15% in Q4 2025 and 13% for the full year 2025, driven by all three core technologies. Command Center is specifically projected for another year of 15% growth in 2026. The introduction of AI Assist Suites for dispatchers and responders, aimed at enhancing public safety operations, is expected to further boost recurring software revenue.
- Sustained Demand and Robust Backlog in Products and Systems Integration: The Products and Systems Integration segment remains a significant revenue driver, fueled by strong demand for Land Mobile Radio (LMR) communications and Video Security and Access Control solutions. In Q1 2024, this segment's sales increased by 14%, largely due to growth in LMR and video security. This momentum continued into Q4 2025, with sales growing 11% in Mission Critical Networks (MCN) and Video Security and Access Control. Motorola Solutions has consistently reported a record backlog, reaching $14.4 billion in Q1 2024 and expanding to an all-time high of $15.7 billion by the end of 2025, providing strong visibility for future revenue.
- Strategic Acquisitions and Integration of AI-Powered Technologies: Acquisitions play a crucial role in Motorola Solutions' growth strategy. The company has made several strategic purchases, including Silent Sentinel (long-range cameras) in Q1 2024 and Blue Eye (AI-powered enterprise remote video monitoring) in Q4 2025. A notable driver is the integration of Silvus Technologies, whose 2026 revenue target has been raised to $675 million due to strong demand from areas like Ukraine and unmanned systems, as well as its penetration into NATO defense markets. The company's broader focus on launching new AI-powered products and services is anticipated to generate sustained revenue increases through 2027.
- Strong International Sales and Geographic Expansion: Motorola Solutions is experiencing significant growth in its international markets. International revenue surged by 26% in Q4 2025 and 11% for the full year. This global expansion is evidenced by substantial orders from international customers, such as a $16 million LMR order in Q1 2024, and the aforementioned penetration of Silvus into NATO defense markets. This indicates a continued focus on and success in expanding its global footprint.
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Share Repurchases
- In November 2023, Motorola Solutions' board of directors approved a $2 billion increase to its share repurchase program, raising the total authorization to $18 billion with no expiration date.
- For the fiscal year 2025, Motorola Solutions repurchased $1.2 billion in shares.
- Approximately $599 million in repurchase authority remained under the previously authorized $16 billion program at the end of the third quarter of 2023.
Share Issuance
- Motorola Solutions' shares outstanding declined by 1.05% in 2025 to 0.169 billion from 2024, and by 0.76% in 2024 from 2023, indicating a net reduction in shares.
Outbound Investments
- In August 2025, Motorola Solutions completed the acquisition of Silvus Technologies Holdings Inc. for $4.4 billion in upfront consideration, consisting of approximately $4.38 billion in cash and $20 million in restricted stock.
- The Silvus acquisition also includes potential earnout consideration of up to $600 million based on business performance over consecutive twelve-month periods ending in 2027 and 2028.
- Motorola Solutions' capital allocation for 2025 included $4.9 billion for acquisitions.
Capital Expenditures
- Motorola Solutions' capital expenditures were $243 million in 2021, $256 million in 2022, $253 million in 2023, $257 million in 2024, and peaked at $265 million in 2025.
- Capital expenditures for 2026 are estimated to be approximately $271.5 million.
- In 2024, capital expenditures were $257 million, representing a stable level that the company has maintained for several years.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 11212025 | MSI | Motorola Solutions | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 19.7% | 19.7% | -1.2% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 119.17 |
| Mkt Cap | 70.7 |
| Rev LTM | 10,789 |
| Op Inc LTM | 2,724 |
| FCF LTM | 2,196 |
| FCF 3Y Avg | 2,040 |
| CFO LTM | 3,808 |
| CFO 3Y Avg | 3,194 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 8.5% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 12.6% |
| Op Inc Chg 3Y Avg | 8.8% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 19.8% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 23.6% |
| CFO/Rev 3Y Avg | 24.1% |
| FCF/Rev LTM | 18.7% |
| FCF/Rev 3Y Avg | 21.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 70.7 |
| P/S | 5.9 |
| P/Op Inc | 26.7 |
| P/EBIT | 25.2 |
| P/E | 32.5 |
| P/CFO | 25.8 |
| Total Yield | 4.5% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 4.9% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.1% |
| 3M Rtn | 6.0% |
| 6M Rtn | 2.1% |
| 12M Rtn | 33.0% |
| 3Y Rtn | 81.9% |
| 1M Excs Rtn | 2.0% |
| 3M Excs Rtn | -0.8% |
| 6M Excs Rtn | -9.4% |
| 12M Excs Rtn | 2.7% |
| 3Y Excs Rtn | 2.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Products and Systems Integration | 6,883 | 6,242 | 5,728 | 5,033 | 4,634 |
| Software and Services | 3,934 | 3,736 | 3,384 | 3,138 | 2,780 |
| Total | 10,817 | 9,978 | 9,112 | 8,171 | 7,414 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Products and Systems Integration | 1,676 | 1,244 | 913 | 760 | 656 |
| Software and Services | 1,012 | 1,050 | 748 | 907 | 727 |
| Total | 2,688 | 2,294 | 1,661 | 1,667 | 1,383 |
Price Behavior
| Market Price | $383.99 | |
| Market Cap ($ Bil) | 63.7 | |
| First Trading Date | 01/03/1977 | |
| Distance from 52W High | -21.0% | |
| 50 Days | 200 Days | |
| DMA Price | $447.86 | $428.49 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -14.3% | -10.4% |
| 3M | 1YR | |
| Volatility | 33.6% | 23.0% |
| Downside Capture | 0.39 | 0.19 |
| Upside Capture | 18.67 | 20.08 |
| Correlation (SPY) | 8.8% | 17.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.32 | 0.43 | 0.10 | 0.20 | 0.19 | 0.52 |
| Up Beta | 0.50 | 0.45 | 0.43 | 0.50 | 0.38 | 0.53 |
| Down Beta | -1.50 | 0.42 | -0.35 | 0.32 | 0.12 | 0.53 |
| Up Capture | 14% | 5% | 21% | 5% | 7% | 24% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 19 | 35 | 64 | 131 | 414 |
| Down Capture | 67% | 87% | -6% | 6% | 19% | 74% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 24 | 29 | 61 | 121 | 339 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSI | |
|---|---|---|---|---|
| MSI | -6.5% | 23.0% | -0.36 | - |
| Sector ETF (XLK) | 63.9% | 20.8% | 2.27 | -1.2% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 17.0% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | 1.2% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | -9.5% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 20.4% |
| Bitcoin (BTCUSD) | -17.4% | 42.1% | -0.34 | 9.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSI | |
|---|---|---|---|---|
| MSI | 16.7% | 23.1% | 0.63 | - |
| Sector ETF (XLK) | 21.2% | 24.8% | 0.76 | 46.4% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 56.4% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 6.8% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 6.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 47.0% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 19.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSI | |
|---|---|---|---|---|
| MSI | 19.5% | 25.1% | 0.73 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 53.0% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 61.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 3.5% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 14.1% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 50.8% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -11.4% | ||
| 2/11/2026 | 7.7% | 7.7% | 12.6% |
| 10/30/2025 | -5.8% | -9.9% | -12.6% |
| 8/7/2025 | 1.9% | 3.7% | 7.5% |
| 5/1/2025 | -7.5% | -6.6% | -4.6% |
| 2/13/2025 | -6.0% | -9.5% | -9.3% |
| 11/7/2024 | 7.4% | 5.1% | 1.9% |
| 8/1/2024 | 2.9% | 3.4% | 10.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 16 |
| # Negative | 11 | 11 | 8 |
| Median Positive | 5.4% | 5.1% | 8.2% |
| Median Negative | -3.6% | -2.0% | -3.5% |
| Max Positive | 7.7% | 9.8% | 16.2% |
| Max Negative | -11.4% | -9.9% | -12.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue Growth | 8.5% | ||||||
| Q2 2026 Non-GAAP EPS | 3.82 | 3.85 | 3.88 | ||||
| 2026 Revenue | 12.80 Bil | 0.8% | Raised | Guidance: 12.70 Bil for 2026 | |||
| 2026 Non-GAAP EPS | 16.9 | 16.9 | 17 | 0.9% | Raised | Guidance: 16.8 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue Growth | 6.0% | 6.5% | 7.0% | ||||
| Q1 2026 Non-GAAP EPS | 3.2 | 3.23 | 3.25 | ||||
| 2026 Revenue | 12.70 Bil | 9.0% | Higher New | Actual: 11.65 Bil for 2025 | |||
| 2026 Non-GAAP EPS | 16.7 | 16.8 | 16.9 | 10.9% | Higher New | Actual: 15.1 for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brown, Gregory Q | Chairman and CEO | Direct | Sell | 3062026 | 477.95 | 28,435 | 13,590,407 | 43,359,651 | Form |
| 2 | Moore, Kathryn A | SVP, HUMAN RESOURCES | Direct | Sell | 3032026 | 478.89 | 406 | 194,252 | 889,418 | Form |
| 3 | Yazdi, Cynthia | SVP, COS to the Chairman & CEO | Direct | Sell | 3032026 | 479.30 | 7,260 | 3,479,689 | 4,567,025 | Form |
| 4 | Winkler, Jason J | EVP and CFO | Direct | Sell | 3032026 | 478.23 | 8,819 | 4,217,392 | 10,116,505 | Form |
| 5 | Brown, Gregory Q | Chairman and CEO | Trust | Sell | 2272026 | 464.28 | 52 | 24,143 | 6,659,168 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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