Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Motorola Solutions

MSI stock analysis · Information Technology · Communications Equipment

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$415.29HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$68.9B

Price × SEC outstanding shares. Shares measured 2026-05-01. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$235.34

Equity cash-flow scenario · SEC outstanding shares at 2026-05-01 · -43.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

19.2%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

90.7%

5 industry peers · median 61.0×

How this is calculated ↗
Valuation

Historical multiples

38.2×

7 annual observations · snapshot P/E 32.0× · -16.2% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

29.4%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

49/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

32.8%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-4.0%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

3.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 2.8B2020-12-31: cfo $1,613,000,000.002020-12-31: capex $217,000,000.0020202021-12-31: cfo $1,837,000,000.002021-12-31: capex $243,000,000.0020212022-12-31: cfo $1,823,000,000.002022-12-31: capex $256,000,000.0020222023-12-31: cfo $2,044,000,000.002023-12-31: capex $253,000,000.0020232024-12-31: cfo $2,391,000,000.002024-12-31: capex $257,000,000.0020242025-12-31: cfo $2,837,000,000.002025-12-31: capex $265,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$295.18$322.07$350.98
10.0%$216.30$235.34$255.77
12.0%$170.65$185.17$200.74

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3111.7B2.2B2.8B265M19.4B
2024-12-3110.8B1.6B2.4B257M14.6B
2023-12-3110B1.7B2B253M13.3B
2022-12-319.1B1.4B1.8B256M12.8B
2021-12-318.2B1.3B1.8B243M12.2B
2020-12-317.4B953M1.6B217M10.9B
2019-12-317.9B871M1.8B248M10.6B
2018-12-317.3B969M1.1B197M9.4B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue11.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-12
netIncome2.2BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent/common earnings proxy2.2BNetIncomeLoss2026-02-12
cfo2.8BNetCashProvidedByUsedInOperatingActivities2026-02-12
capex265MPaymentsToAcquireProductiveAssets2026-02-12
operatingIncome3BOperatingIncomeLoss2026-02-12
assets19.4BAssets2026-02-12
equity2.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent book equity proxy2.4BStockholdersEquity2026-02-12
debt8.4BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-12
shortDebt749MShortTermBorrowings2026-02-12
cash1.2BCashAndCashEquivalentsAtCarryingValue2026-02-12
shares169MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-12
dividends728MPaymentsOfDividendsCommonStock2026-02-12
buybacks1.2BPaymentsForRepurchaseOfCommonStock2026-02-12
issuance46MProceedsFromIssuanceOfCommonStock2026-02-12