Motorola Solutions, Inc.MSI
NYSE•Technology•Communication Equipment
Motorola Solutions, Inc. provides public safety, government, defense, and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. It 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 the implementation and integration of systems, devices, software, and applications for government, including defense, public safety, and enterprise customers who operate private communications systems and video security solutions, as well as manage a mobile workforce. This segment also provides mission critical networks, and video security and access control technologies, including two-way portable and vehicle-mounted radios, video cameras, and accessories; communications 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 offers public safety and enterprise command center, unified communications applications, mobile video equipment, and video software solutions; repair, technical support, and maintenance services; and monitoring, software updates, and cybersecurity services to government, public safety, and commercial communications networks. It serves hospitality; manufacturing; military and defence; police; air transportation; fire and rescue; stadium; emergency medical services; mining; oil and gas; transportation and logistics; utilities; education; retail; and healthcare industries. 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.
Motorola Solutions, Inc. (MSI) reported trailing twelve months revenue of $11.87B as of April 2026, a 8.3% increase year-over-year. Quarterly revenue reached $2.71B, reflecting continued top-line momentum.
Motorola Solutions, Inc. generated $2.09B in TTM net income, with quarterly EBITDA of $668.00M. The operating margin contracted from 23.0% to 19.3%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (19.3%) and net margin (13.5%) indicates moderate non-operating costs. Net margin has narrowed from 17.0% a year ago, reflecting increased costs or interest expense.
MSI trades at a P/E of 34.8x (a premium multiple) and a P/S of 6.1x. The price-to-book ratio of 28.6x indicates a significant premium over book value.
The company generated $389.00M in free cash flow over the trailing twelve months, a 17.8% decrease year-over-year, indicating cash generation ability. The balance sheet shows $19.08B in total assets with $8.41B in long-term debt against $2.54B in stockholders equity for a debt-to-equity ratio of 3.3, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~24.7% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 111.0% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.9% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~24.5% — no sign of cost or pricing stress.
FCF covers net income by 1.1x on average — earnings are well-supported by cash generation.
D/E ratio is 3.3 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation