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Motorola Solutions (MSI)

Market Price (10/15/2025): $460.53 | Market Cap: $76.8 Bil
Sector: Information Technology | Industry: Communications Equipment

Motorola Solutions (MSI)

Market Price (10/15/2025): $460.53
Market Cap: $76.8 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%		  
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 2.6 Bil, FCF LTM is 2.4 Bil		  
2 Low stock price volatility
Vol 12M is 23%		  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 2.6 Bil, FCF LTM is 2.4 Bil
2 Low stock price volatility
Vol 12M is 23%

Market Valuation & Key Metrics

MSIS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)11.1
Rev Chg Q5.2%6.1%
Rev Chg LTM6.4%5.2%
Rev Chg 3Y Avg9.5%5.3%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)2.8
Op Mgn LTM25.1%18.6%
CFO LTM ($ Bil)2.6
CFO/Rev LTM23.5%20.3%
Net Inc LTM ($ Bil)2.1
Net Inc Mgn19.1%12.7%
VALUATIONHIGH
P/S6.93.2
P/CFO29.415.7
P/FCF32.220.6
P/E36.323.6
STABILITYVERY GOOD
Debt/Equity0.110.21
Cash/Assets0.200.07

MSI Stock

Factor Drivers of Stock Movement
The 7.5% change in MSI stock from 4/15/2025 to 10/14/2025 was primarily driven by a 30.8% change in the company's Net Income Margin (%).

415202510142025Change
Stock Price ($)428.53460.627.49%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)10818.0011094.002.55%
Net Income Margin (%)14.58%19.07%30.84%
P/E Multiple45.4136.31-20.04%
Shares Outstanding (Mil)167.10166.800.18%
Cumulative Contribution7.49%

LTM = Last Twelve Months as of date shown
The -1.6% change in MSI stock from 10/14/2024 to 10/14/2025 was primarily driven by a -32.0% change in the company's P/E Multiple.

1014202410142025Change
Stock Price ($)468.35460.62-1.65%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)10422.0011094.006.45%
Net Income Margin (%)14.05%19.07%35.78%
P/E Multiple53.3936.31-32.00%
Shares Outstanding (Mil)166.90166.800.06%
Cumulative Contribution-1.65%

LTM = Last Twelve Months as of date shown
The 123.3% change in MSI stock from 10/15/2022 to 10/14/2025 was primarily driven by a 34.1% change in the company's Net Income Margin (%).

1015202210142025Change
Stock Price ($)206.25460.62123.33%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)8459.0011094.0031.15%
Net Income Margin (%)14.22%19.07%34.12%
P/E Multiple28.6736.3126.67%
Shares Outstanding (Mil)167.20166.800.24%
Cumulative Contribution123.33%

LTM = Last Twelve Months as of date shown

Price Returns Compared

 202020212022202320242025Total [1]
Returns
MSI Return7%62%-4%23%49%0%205%
Peers Return17%37%-19%19%17%11%100%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
MSI Win Rate58%83%50%50%75%56% 
Peers Win Rate48%52%30%43%48%73% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
MSI Max Drawdown-22%-2%-27%-2%-1%-14% 
Peers Max Drawdown-26%-3%-27%-12%-10%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ANET, NOK, TU, SWKS, FIEE. 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] 2025 data is for the year up to 10/14/2025 (YTD)

Downturns Compared

Unique KeyEventMSIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-27.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven38.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven284 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven49.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven368 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-18.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven22.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven46 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-84.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven563.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3693 days1480 days


How Low Can It Go?

Motorola Solutions's stock fell -27.8% during the 2022 Inflation Shock from a high on 12/29/2021. A -27.8% loss requires a 38.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Motorola Solutions (MSI)

Motorola Solutions, Inc. provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company 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 video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios, fixed and mobile video cameras, and accessories; radio 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 provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software, unified communications applications, and video software solutions through on-premise and as a service. It serves government, public safety, and commercial customers. 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.

Interactive Breakdown

Motorola Solutions Interactive Breakdown Analysis

Better Bets than Motorola Solutions (MSI)

 MSIBetter Performance than MSI
MetricValueIndustry (Communications Equipment)
Rev Chg LTM6.4%ANET (26.0%), UI (33.4%), CIEN (13.0%), ASTS (249.4%), FFIV (8.9%)
Rev Chg 3Y Avg9.5%ANET (32.1%), UI (15.8%), ASTS (35.3%), IDCC (23.3%), VSAT (26.8%)
Op Mgn LTM25.1%ANET (43.1%), UI (32.5%), FFIV (25.2%), IDCC (60.4%), TSAT (29.0%)
CFO/Rev LTM23.5%CSCO (25.1%), ANET (50.9%), UI (24.9%), FFIV (32.7%), IDCC (39.7%)
FCF/Rev LTM21.5%CSCO (23.5%), ANET (50.0%), UI (24.4%), FFIV (31.6%), IDCC (30.7%)
Total Yield3.7%CSCO (6.1%), ERIC (75.1%), IDCC (5.5%), COMM (24.1%), NTCT (4.0%)
 MSIBetter Performance than MSI
MetricValueAll Other Sectors
Rev Chg LTM6.4%GOOGL (13.1%), AMZN (10.9%), META (19.4%), JPM (8.2%), LLY (36.8%)
Rev Chg 3Y Avg9.5%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (12.9%), JPM (13.5%)
Op Mgn LTM25.1%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM23.5%GOOGL (36.0%), META (56.4%), V (60.4%), MA (53.3%), JNJ (25.4%)
FCF/Rev LTM21.5%META (30.7%), V (56.8%), MA (49.2%), ABBV (31.3%), PM (23.0%)
Total Yield3.7%GOOGL (4.2%), META (4.0%), JPM (6.7%), V (3.7%), XOM (9.9%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Motorola Solutions Earnings Notes  
2Motorola Solutions vs Alphabet: Which Is A Better Investment?Counter-Intuitive Comparisons 
3Motorola Solutions vs F5: Which Is A Better Investment?Counter-Intuitive Comparisons 
4How Does Motorola Solutions Stock Stack Up Against Its Peers?Peer Comparison 
5Day 5 of Gains Streak for Motorola Solutions Stock with 8.6% Return (vs. 2.5% YTD) [8/12/2025]Notification 
6Motorola Solutions vs InterDigital: Which Is A Better Investment?  
7Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From META, BKNG   
8Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From MU, SMCI   
9Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From IDCC   
10MSI Dip Buy Analysis  
11ARTICLES  
12MSI Stock Up 12%, Is More Growth Ahead? September 19th, 2025
13Better Bet Than Ciena Stock: Pay Less To Get More From ANET, MSI September 5th, 2025
14MSI Stock Up 8.6% after 5-Day Win Streak August 13th, 2025
15Motorola Solutions Stock Up 37%. What’s Next? February 19th, 2025
16Why Motorola Solutions Stock Is Up 50% Over The Last Year? January 13th, 2025
Title
0DASHBOARDS
1MSI Stock Up 12%, Is More Growth Ahead?
2Better Bet Than Ciena Stock: Pay Less To Get More From ANET, MSI
3MSI Stock Up 8.6% after 5-Day Win Streak
4Motorola Solutions Stock Up 37%. What’s Next?
5Why Motorola Solutions Stock Is Up 50% Over The Last Year?
6ARTICLES
7Motorola Solutions Earnings Notes
8Motorola Solutions vs Alphabet: Which Is A Better Investment?
9Motorola Solutions vs F5: Which Is A Better Investment?
10How Does Motorola Solutions Stock Stack Up Against Its Peers?
11Day 5 of Gains Streak for Motorola Solutions Stock with 8.6% Return (vs. 2.5% YTD) [8/12/2025]
12Motorola Solutions vs InterDigital: Which Is A Better Investment?
13Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From META, BKNG 
14Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From MU, SMCI 
15Better Bet Than MSI Stock: Pay Less Than Motorola Solutions To Get More From IDCC 
16MSI Dip Buy Analysis

Trade Ideas

Select past trade ideas related to MSI and Communications Equipment.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.8%-4.8%-4.8%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		1.2%1.2%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		5.2%5.2%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		17.5%17.5%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.1%3.1%-0.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.8%-4.8%-4.8%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		1.2%1.2%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		5.2%5.2%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		17.5%17.5%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.1%3.1%-0.3%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony100.8%887.0%
2BITFBitfarms69.7%295.3%
3NVTSNavitas Semiconductor61.6%252.1%
4ASPIASP Isotopes58.0%210.2%
5UUUUEnergy Fuels49.1%411.3%
6GLUEMonte Rosa Therapeutics43.8%52.9%
7SSIISS Innovations International34.1%15.2%
8METCRamaco Resources34.0%439.5%
9MPMP Materials33.7%532.4%
10ORKAOruka Therapeutics33.6%41.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNTBrookfield Wealth Solutions-33.2%18.5%
2BNBrookfield-33.0%18.9%
3VGVenture Global-30.2% 
4ALABAstera Labs-23.8%22.0%
5HELEHelen Of Troy-23.3%-65.4%
6CORTCorcept Therapeutics-20.2%43.1%
7USNAUsana Health Sciences-19.4%-40.9%
8SRRKScholar Rock-19.2%-26.2%
9TASKTaskUs-18.8%-18.1%
10BBBYBed Bath & Beyond-18.1% 

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1000.7%389.2%
2QUREuniQure297.4%233.9%
3UAMYUnited States Antimony244.6%887.0%
4LACLithium Americas214.1%238.4%
5RGTIRigetti Computing192.1%267.8%
6USARUSA Rare Earth173.3%125889.9%
7PLUGPlug Power158.0%90.1%
8FLNCFluence Energy149.7%16.2%
9CLPTClearPoint Neuro148.6%69.2%
10SESSES AI140.2%44.7%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1ANGXAngel Studios-53.8% 
2REXREX American Resources-46.2%57.7%
3VGVenture Global-34.0% 
4LDIloanDepot-33.8%46.6%
5FLYFirefly Aerospace-31.4% 
6ALABAstera Labs-30.2%22.0%
7FWRDForward Air-29.4%-34.3%
8USNAUsana Health Sciences-29.1%-40.9%
9IDTIDT-28.9%-0.4%
10PGYPagaya Technologies-28.8%221.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony100.8%887.0%
2BITFBitfarms69.7%295.3%
3NVTSNavitas Semiconductor61.6%252.1%
4ASPIASP Isotopes58.0%210.2%
5UUUUEnergy Fuels49.1%411.3%
6GLUEMonte Rosa Therapeutics43.8%52.9%
7SSIISS Innovations International34.1%15.2%
8METCRamaco Resources34.0%439.5%
9MPMP Materials33.7%532.4%
10ORKAOruka Therapeutics33.6%41.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNTBrookfield Wealth Solutions-33.2%18.5%
2BNBrookfield-33.0%18.9%
3VGVenture Global-30.2% 
4ALABAstera Labs-23.8%22.0%
5HELEHelen Of Troy-23.3%-65.4%
6CORTCorcept Therapeutics-20.2%43.1%
7USNAUsana Health Sciences-19.4%-40.9%
8SRRKScholar Rock-19.2%-26.2%
9TASKTaskUs-18.8%-18.1%
10BBBYBed Bath & Beyond-18.1% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Motorola Solutions

Financials

MSIANETNOKTUSWKSFIEEMedian
NameMotorola.Arista N.Nokia TELUS Skyworks.FiEE  
Mkt Price460.62138.795.4715.1372.772.6843.95
Mkt Cap76.8174.429.423.110.9-29.4
Rev LTM11,0947,95119,24620,4224,01209,522
Op Inc LTM2,7853,4307682,781604-11,774
FCF LTM2,3843,975-2,2111,325-12,211
FCF 3Y Avg2,0472,540-1,5161,430-11,516
CFO LTM2,6124,047-4,7521,577-12,612
CFO 3Y Avg2,2932,586-4,6721,673-12,293

Growth & Margins

MSIANETNOKTUSWKSFIEEMedian
NameMotorola.Arista N.Nokia TELUS Skyworks.FiEE  
Rev Chg LTM6.4%26.0%1.1%2.6%-8.2%-99.5%1.8%
Rev Chg 3Y Avg9.5%32.1%-5.2%5.7%-9.4%-65.6%0.3%
Rev Chg Q5.2%30.4%1.8%2.7%6.6%-5.2%
QoQ Delta Rev Chg LTM1.3%6.9%0.4%0.6%1.5%35,994.4%1.4%
Op Mgn LTM25.1%43.1%4.0%13.6%15.0%-3,292.4%14.3%
Op Mgn 3Y Avg23.8%40.2%7.2%12.6%20.3%-1,146.9%16.5%
QoQ Delta Op Mgn LTM0.1%0.9%-1.9%-0.0%-0.7%1,197,542.8%0.0%
CFO/Rev LTM23.5%50.9%-23.3%39.3%-1,599.2%23.5%
CFO/Rev 3Y Avg21.9%37.6%-23.4%37.8%-535.9%23.4%
FCF/Rev LTM21.5%50.0%-10.8%33.0%-1,599.2%21.5%
FCF/Rev 3Y Avg19.6%36.9%-7.6%32.3%-536.4%19.6%

Valuation

MSIANETNOKTUSWKSFIEEMedian
NameMotorola.Arista N.Nokia TELUS Skyworks.FiEE  
Mkt Cap76.8174.429.423.110.9-29.4
P/S6.921.91.51.12.7-2.7
P/EBIT25.650.818.29.622.3-22.3
P/E36.353.629.123.927.6-29.1
P/CFO29.443.1-4.96.9-18.2
Total Yield3.7%1.9%3.4%11.0%7.7%-3.7%
Dividend Yield0.9%0.0%0.0%6.8%4.0%-0.9%
FCF Yield 3Y Avg3.3%2.5%-6.2%9.7%-4.8%
D/E0.10.00.11.40.1-0.1
Net D/E0.1-0.1-0.11.3-0.0--0.0

Returns

MSIANETNOKTUSWKSFIEEMedian
NameMotorola.Arista N.Nokia TELUS Skyworks.FiEE  
1M Rtn-4.4%-0.4%21.3%-5.1%-2.3%-5.3%-3.3%
3M Rtn13.0%29.3%16.4%-5.8%0.7%-11.0%6.8%
6M Rtn7.5%89.6%8.6%7.2%29.3%-8.6%
12M Rtn-1.6%34.3%28.6%0.9%-23.8%-0.9%
3Y Rtn123.3%453.1%35.6%-5.8%-1.2%-35.6%
1M Excs Rtn-5.0%-5.0%19.8%-5.8%-0.6%-8.9%-5.0%
3M Excs Rtn4.8%22.1%10.4%-12.5%-5.3%-18.5%-0.2%
6M Excs Rtn-14.4%65.7%-10.9%-16.9%5.6%--10.9%
12M Excs Rtn-14.8%20.5%13.3%-13.5%-36.6%--13.5%
3Y Excs Rtn24.7%294.3%-46.0%-90.9%-91.2%--46.0%

Comparison Analyses

Title
0How Does Motorola Solutions Stock Stack Up Against Its Peers?
1Motorola Solutions vs. Regeneron Pharmaceuticals: With Return Forecast Of 35%, Regeneron Pharmaceuticals Is A Better Bet
2Motorola Solutions vs. Stryker: With Return Forecast Of 23%, Stryker Is A Better Bet
3Motorola Solutions vs. Automatic Data Processing: Both Seem Similar Bets
4Motorola Solutions vs. Vertex Pharmaceuticals: With Return Forecast Of 94%, Vertex Pharmaceuticals Is A Better Bet
5Motorola Solutions vs. MercadoLibre: With Return Forecast Of 86%, MercadoLibre Is A Better Bet
6Motorola Solutions vs. Zoetis: With Return Forecast Of 16%, Zoetis Is A Better Bet
7Motorola Solutions vs. Cadence Design Systems: With Return Forecast Of 6.3%, Motorola Solutions Is A Better Bet
8Motorola Solutions vs. TE Connectivity: Neither Seems Like A Good Bet
9Motorola Solutions vs. MSCI: Both Seem Similar Bets

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/28/20253/29/202512/31/20249/28/20246/29/20243/30/202412/31/20239/30/20237/1/20234/1/202312/31/202210/1/2022
Filing Date8/7/20255/1/20252/14/202511/7/20248/1/20245/2/20242/15/202411/2/20238/3/20235/4/20232/16/202311/3/2022
Key Financials Quarterly            
Total Revenue2,7652,5283,0112,7902,6282,3892,8492,5562,4032,1712,7072,373
Ebitda83769794885275054856738637519841501
Operating Income693594776722653538774646526413705393
Net Income513430611562443-39596464371278589279
EPS3.082.583.663.362.65-0.233.582.782.211.663.521.67
Key Financials TTM            
Total Revenue TTM11,09410,95710,81810,65610,42210,1979,9799,8379,6549,3919,1128,725
Ebitda TTM3,3343,2472,6042,5122,3982,2852,7502,7352,4982,3322,2012,046
Operating Income TTM2,7852,7452,6892,6872,6112,4842,3592,2902,0371,8891,7411,598
Net Income TTM2,1162,0461,5771,5621,4641,3921,7091,7021,5171,3741,3631,175
Growth Rates Quarterly            
Total Revenue Growth5.2%5.8%5.7%9.2%9.4%10.0%5.2%7.7%12.3%14.7%16.7%12.6%
EBITDA Growth11.6%1190.7%10.7%15.4%17.7%-89.6%1.8%47.3%35.2%33.8%22.6%-11.8%
Operating Income Growth6.1%10.4%0.3%11.8%24.1%30.3%9.8%64.4%39.2%55.8%25.4%-13.6%
Net Income Growth15.8%1202.6%2.5%21.1%19.4%-114.0%1.2%66.3%62.7%4.1%46.9%-9.1%
Margins Quarterly            
EBITDA Margin30.3%27.6%31.5%30.5%28.5%2.3%30.0%28.9%26.5%23.9%31.1%21.1%
Operating Income Margin25.1%23.5%25.8%25.9%24.8%22.5%27.2%25.3%21.9%19.0%26.0%16.6%
Net Income Margin18.6%17.0%20.3%20.1%16.9%-1.6%20.9%18.2%15.4%12.8%21.8%11.8%
Cash & Debt            
Total Cash3,2061,5642,1021,4041,3811,5121,7059107101,0221,325822
Total Debt8,3326,5256,5516,5716,8536,8766,5506,5036,5206,5216,5516,392
Net Debt / (Cash)5,1264,9614,4495,1675,4725,3644,8455,5935,8105,4995,2265,570
Cash Flows Quarterly            
FCF from Operations2735101,0707591803821,24571493-81,273388
Cash Flows TTM            
FCF from Operations TTM2,6122,5192,3912,5662,5212,4342,0442,0721,7461,6631,8231,253
Returns to Shareholders Quarterly            
Dividends182182164164163163146147148148132132
Share Repurchases1654151063166441343062241408794
Return on Invested Capital (ROIC) Quarterly            
ROIC41.0%37.8%54.2%45.3%36.6%16.9%53.9%36.3%27.7%23.4%48.0%23.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM42.5%43.5%48.5%43.0%39.2%38.1%38.9%33.3%29.0%28.6%30.1%24.7%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Products and Systems Integration6,2425,7285,0334,6345,329
Software and Services3,7363,3843,1382,7802,558
Total9,9789,1128,1717,4147,887


Operating Income by Segment
$ Mil20242023202220212020
Products and Systems Integration1,244913760656994
Software and Services1,050748907727587
Total2,2941,6611,6671,3831,581


Price Behavior

MSI Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.550.570.530.530.550.66
Up Beta1.461.000.840.500.510.60
Down Beta-3.22-0.11-0.020.630.520.63
Up Capture27%62%67%39%46%45%
Bmk +ve Days13233574144420
Stock +ve Days12243973138418
Down Capture174%51%36%59%74%87%
Bmk -ve Days8192952107330
Stock -ve Days9182553113332

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity2,316,655
Short Interest: % Change Since 9152025-10.6%
Average Daily Volume892,941
Days-to-Cover Short Interest2.59
Basic Shares Quantity166,800,000
Short % of Basic Shares1.4%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/20251.9%3.7%7.7%
5/1/2025-7.5%-6.6%-4.6%
2/13/2025-6.0%-9.5%-9.3%
11/7/20247.4%5.1%1.9%
8/1/20242.9%3.4%10.9%
5/2/20245.2%7.1%9.0%
2/8/20240.8%-1.4%2.9%
11/2/20236.5%9.8%15.1%
...
SUMMARY STATS   
# Positive151316
# Negative9118
Median Positive4.4%4.3%7.0%
Median Negative-3.1%-2.0%-3.5%
Max Positive7.4%9.8%16.2%
Max Negative-7.5%-9.5%-9.3%

SEC Filings

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Report DateFiling DateFiling
6302025807202510-Q 6/28/2025
3312025501202510-Q 3/29/2025
12312024214202510-K 12/31/2024
93020241107202410-Q 9/28/2024
6302024801202410-Q 6/29/2024
3312024502202410-Q 3/30/2024
12312023215202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 7/1/2023
3312023504202310-Q 4/1/2023
12312022216202310-K 12/31/2022
93020221103202210-Q 10/1/2022
6302022804202210-Q 7/2/2022
3312022512202210-Q 4/2/2022
12312021216202210-K 12/31/2021
93020211104202110-Q 10/2/2021

Insider Activity

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External Quote Links


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