Motorola Solutions Inc. (MSI)

NYSE: MSI · USD

$483

-0.44 (-0.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-30

Our latest published analysis: MSI rated Sell

Motorola Solutions Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$340 / share

Potential value

$393 / share

Upside to FV

-23.8%

from $483

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$73.9B
Revenue (ttm)	12.2B
Net income (ttm)	2.1B
EPS (ttm)	$12.7
Shares out	165.5M
P/E (trailing)	38.0x
P/E (forward)	23.9x
Dividend	$4.84 (1.00%)
Volume	596,877
Beta	0.89

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 12.2B
Net income (ttm): 2.1B
EPS (ttm): $12.7
P/E (trailing): 38.0x
P/E (forward): 23.9x
Market cap: $73.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$8.17B	$9.11B	$9.98B	$10.82B	$11.68B	+9.3%
Gross profit	$4.04B	$4.23B	$4.97B	$5.51B	$6.04B	+10.6%
Operating income	$1.67B	$1.66B	$2.29B	$2.69B	$2.99B	+15.7%
Net income	$1.25B	$1.36B	$1.71B	$1.58B	$2.15B	+14.7%
EPS (diluted)	$7.17	$7.93	$9.93	$9.23	$12.75	+15.5%
EBITDA	$2.21B	$2.20B	$2.29B	$2.60B	$3.53B	+12.4%
R&D	$734.0M	$779.0M	$858.0M	$917.0M	$970.0M	+7.2%
SG&A	$1.35B	$1.45B	$1.56B	$1.75B	$1.87B	+8.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Sat
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Sat
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Güçlü Al
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Tut
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	Sat
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	Sat

Base and Bull scenarios

Base60%

Price target

$340.02

-23.8% from spot

The modal Base case reflects execution along the house forecast schedule. FY2026 revenue expands ~11% to $13.02B, with operating margin expanding ~170 bps to 27.0%. Growth moderates toward 6.3% by FY2029 while operating margin reaches 28.09%, supported by Command Center expansion (~15% growth) and Silvus integration (~$850M revenue).

Consolidated revenue growth of 11.0% in FY2026 and 8.6% in FY2027
GAAP operating margin expands from 25.58% in FY2025 to 27.0% in FY2026 and 28.09% by FY2029
Effective tax rate normalizes at 22.25% to 22.50%
Reinvestment rate averages 8-10% of NOPAT, supporting asset-light compounding

Bull20%

Price target

$393.38

-11.9% from spot

In the Bull case, accelerated adoption of Command Center cloud CAD software and AI video analytics pushes Software and Services revenue growth past 14%, while Silvus and tactical communications exceed expectations. Operating margin expands past 28.5% as manufacturing efficiencies from the Salt Lake City facility materialize in early 2027. Sustained double-digit earnings compounding enables substantial EPS expansion by FY2030.

Software & Services revenue growth accelerates beyond 14% annually
Operating margin expands beyond 28.5% by FY2028
Silvus tactical mesh networking scales beyond $1B annual run rate
Salt Lake City manufacturing facility delivers early operating efficiencies in 2027

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($340.02). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
7.9%	$368	$379	$390	$403	$418
8.4%	$344	$352	$362	$372	$383
8.9%	$323	$330	$340	$346	$355
9.4%	$306	$311	$318	$325	$332
9.9%	$290	$295	$301	$306	$313

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E23.9

P25 n/aP50 n/aP75 n/a

Trailing P/E35.6

P25 n/aP50 n/aP75 n/a

ROE91.6

P25 n/aP50 n/aP75 n/a

ROIC21.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MSI indicators

Market & fundamental data

Available fields

289

Groups with data

Currency

USD

Showing 289 of 289 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000068505
Company name	Motorola Solutions, Inc.
Country	United States
Country code	US
CUSIP number	620076307
Earnings date	2026-11-04
Earnings time	amc
Employees	23,000
Employees change	2,000
Employees growth	9.52%
Enterprise value	$88.9B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-07-04
First seen	2026-05-09
Fiscal year end	December
Founded	1928
In index	SP500
Industry	Communication Equipment
Is primary listing	Yes
Is SPAC	No
ISIN number	US6200763075
Last 10-K release date	2026-02-12
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split date	2011-01-04
Last stock split type	Reverse
Market cap	$80B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$483.18
Price currency	USD
Sector	Technology
SIC code	3663
Stock price date	2026-10-28
Symbol	MSI
U.S. state	Illinois
Website	https://www.motorolasolutions.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	29.41x
Average P/E ratio (10Y)	31.2x
Average P/E ratio (3Y)	36.83x
Average P/E ratio (5Y)	35.09x
Earnings yield	2.63%
EV/Earnings	41.34x
EV/EBIT	27.49x
EV/EBITDA	23.48x
EV/FCF	32.96x
EV/Sales	7.21x
FCF / EV yield	3.03%
FCF yield	3.38%
Forward EV/Sales	6.48x
Forward P/E	26.61x
Forward P/S	5.82x
Graham number	67.91908
Graham upside	-85.83%
Industry forward P/E	21.98x
Industry P/E	41.31x
Lynch fair value	$166.14
Lynch upside	-65.33%
P/(FCF - SBC) ratio	34.19x
P/(OCF - SBC) ratio	30.31x
P/B ratio	29.95x
P/E ratio	38.05x
P/FCF ratio	29.63x
P/OCF ratio	26.67x
P/S ratio	6.48x
PEG ratio	2.53x
Price/EBITDA ratio	21.11x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	26.22%
EBITDA margin	30.71%
Effective tax rate	22.7%
FCF margin	21.88%
Gross margin	52.11%
Operating margin	26.22%
Pretax margin	22.61%
Profit margin	17.44%
Profit per employee	$92,783
Profitable quarters	9
Profitable years	8
Revenue per employee	$532,043
ROA	11.25%
ROA (5Y)	11.21%
ROCE	23.49%
ROE	91.57%
ROIC	21.7%
ROIC (5Y)	29.76%
SBC / revenue	2.92%
Tax / revenue	5.13%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	2.21%
EPS growth (Q)	9.54%
EPS growth (QoQ)	52.75%
EPS growth 10Y	16.18%
EPS growth 3Y	12.97%
EPS growth 5Y	13.79%
EPS growth quarters	1
EPS growth years	1
FCF growth	12.29%
FCF growth (Q)	84%
FCF growth (QoQ)	6.43%
FCF growth 3Y	21.41%
FCF growth 5Y	10.5%
Gross profit growth	11.6%
Gross profit growth (Q)	18.6%
Gross profit growth 3Y	10.07%
Gross profit growth 5Y	10.45%
Net income growth	0.85%
Net income growth (Q)	8.58%
Net income growth (QoQ)	52.19%
Net income growth 3Y	12.05%
Net income growth 5Y	13.08%
Net income growth quarters	1
Net income growth years	1
OCF growth	13.86%
OCF growth (Q)	71.8%
OCF growth (QoQ)	3.99%
OCF growth 10Y	11.31%
OCF growth 3Y	19.43%
OCF growth 5Y	9.91%
Operating income growth	9.37%
Operating income growth (Q)	17.56%
Operating income growth 3Y	11.53%
Operating income growth 5Y	12.91%
Revenue growth	10.31%
Revenue growth (Q)	13.31%
Revenue growth (QoQ)	15.44%
Revenue growth 10Y	7.89%
Revenue growth 3Y	8.22%
Revenue growth 5Y	9.19%
Revenue growth quarters	22
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-297M
Depreciation and amortization	$549M
EBIT	$3.2B
EBITDA	$3.8B
EPS	$12.70
FCF per share	$16.18
Financing cash flow	$-468M
Free cash flow	$2.7B
Free cash flow minus SBC	$2.3B
Gross profit	$6.4B
Income taxes	$628M
Investing cash flow	$-5B
Net borrowing	$1.3B
Net cash flow	$-2.5B
Net income	$2.1B
Operating cash flow minus SBC	$2.6B
Operating income	$3.2B
Revenue	$12.2B
Stock-based compensation	$357M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.98
Book value per share	$16.15
Debt / EBITDA	2.44
Debt / equity	3.58
Debt / FCF	3.59
Goodwill	$6.9B
Interest coverage	7.28
Long-term assets	$13.1B
Long-term liabilities	$11B
Net cash (debt)	$-8.9B
Net cash / market cap	-11.23%
Net debt / EBITDA	2.37
Net debt / equity	3.31
Net debt / FCF	3.33
Piotroski F-Score	5
Property, plant and equipment	$1.7B
Shareholders' equity	$2.7B
Tangible book value	$-7.2B
Tangible book value per share	$-43.27
Total assets	$19.2B
Total cash	$710M
Total debt	$9.6B
Total liabilities	$16.6B
WACC	8.52%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.69
Current assets	$6.1B
Current liabilities	$5.6B
Current ratio	1.1
Inventory turnover	5.34
Net working capital	$603M
Quick ratio	0.78
Working capital	$553M
Working capital turnover	6.44

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.32%
Dividend growth	11.01%
Dividend growth (10Y)	11.43%
Dividend growth (3Y)	11.2%
Dividend growth (5Y)	11.25%
Dividend growth years	14
Dividend payment date	2026-10-15
Dividend payment years	16
Dividend payout frequency	Quarterly
Dividend per share	$4.84
Dividend yield	1%
Ex-dividend date	2026-09-16
FCF payout ratio	29.92%
Last dividend	$1.21
Payout ratio	38.11%
Shareholder yield	2.33%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	555.84%
10Y return CAGR	22.49%
10Y total return	659.96%
150-day SMA	$438.16
15Y price change	936.14%
15Y return CAGR	18.83%
15Y total return	1,229.88%
1D price change	-0.09%
1M price change	5.48%
1M total return	5.48%
1W price change	3.98%
1W total return	3.98%
1Y price change	8.54%
1Y return CAGR	9.82%
1Y total return	9.81%
20-day SMA	$460.70
200-day SMA	$438.56
20Y price change	197.13%
20Y return CAGR	10.01%
20Y total return	574.52%
3M price change	13.71%
3M total return	14.01%
3Y price change	76.92%
3Y return CAGR	22.25%
3Y total return	82.72%
50-day SMA	$465.62
50-day SMA vs 200-day SMA	50over200
52-week high	$494.85
52-week high date	2026-09-01
52-week low	$359.36
52-week low date	2025-12-16
5Y price change	92.73%
5Y return CAGR	15.37%
5Y total return	104.41%
6M price change	11.66%
6M total return	12.29%
All-time high	$507.82
All-time high date	2024-11-11
All-time low	$6.54
All-time low date	1977-12-13
Average true range (ATR)	$8.19
Average volume	822.4K
Beta (1Y)	0.06
Beta (2Y)	0.49
Beta (5Y)	0.89
Change from 52-week high	-2.36%
Change from 52-week low	34.46%
Change from all-time high	-5.1%
Change from all-time low	7,269.78%
Change from open	0.14%
Day's gap	-0.23%
Dollar volume	$288.4M
High price	$484.03
Low price	$477.28
Monthly RSI	58.44
Open price	$482.52
Position in 52-week range	87.41%
Premarket change	-0.2%
Premarket close	$483.61
Premarket price	$482.62
Previous close	$483.61
Price vs 150-day SMA	9.98%
Price vs 20-day SMA	4.6%
Price vs 200-day SMA	9.89%
Price vs 50-day SMA	3.5%
Relative volume	0.73
RSI	66.41
Sharpe ratio	0.34
Sharpe ratio (3Y)	0.8
Sharpe ratio (5Y)	0.57
Sortino ratio	0.7
Sortino ratio (3Y)	1.39
Sortino ratio (5Y)	1.07
Volume	596.9K
Weekly RSI	62.27
YTD price change	25.72%
YTD total return	26.77%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	164.7M
Float percentage	99.54%
Shares change (QoQ)	-0.48%
Shares change (YoY)	-1.32%
Shares held by insiders	0.36%
Shares held by institutions	90.3%
Shares outstanding	165.5M
Short % of float	1.96%
Short % of shares	1.95%
Short ratio	3.5 days

Deeper analysis on MSI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MSI report

What is the latest published MSI stock rating?

Motorola Solutions Inc. is shown with Sell in the latest published report, analyzed 2026-09-30. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MSI analysis?

The full latest published report, analyzed 2026-09-30, lives at /stocks/MSI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MSI?

The latest published report analyzed 2026-09-30 gives MSI a fair value of USD 340 and a potential value of USD 393. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MSI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-30). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMSI · Fair value $340-23.8%

Read full analysis →

Motorola Solutions Inc. (MSI)

Our latest published analysis: MSI rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MSI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MSI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MSI

Frequently asked questions

Derecelendirme geçmişi

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	3.5
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	4.0
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	7.5