Motorola Solutions, Inc.
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MSI FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 11,682 | 10,817 | +8.0% |
Show Product Lines breakouts |
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| Command Center | 915 | 797 | +14.8% |
| Command Center · Software and Services | 915 | 797 | +14.8% |
| Mission Critical Networks (MCN) | 8,647 | 8,100 | +6.8% |
| Mission Critical Networks (MCN) · Products and Systems Integration | 6,066 | 5,739 | +5.7% |
| Mission Critical Networks (MCN) · Software and Services | 2,581 | 2,361 | +9.3% |
| Product | 6,770 | 6,454 | +4.9% |
| Service | 4,912 | 4,363 | +12.6% |
| Video | 2,120 | 1,920 | +10.4% |
| Video · Products and Systems Integration | 1,187 | 1,144 | +3.8% |
| Video · Software and Services | 933 | 776 | +20.2% |
Show Business Segments breakouts |
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| Products and Systems Integration | 7,253 | 6,883 | +5.4% |
| Products and Systems Integration · International | 1,935 | 1,786 | +8.3% |
| Products and Systems Integration · North America | 5,318 | 5,097 | +4.3% |
| Products and Systems Integration · Sales Channel Directly To Consumer | 4,618 | 4,238 | +9.0% |
| Products and Systems Integration · Sales Channel Through Intermediary | 2,635 | 2,645 | -0.4% |
| Software and Services | 4,429 | 3,934 | +12.6% |
| Software and Services · International | 1,385 | 1,211 | +14.4% |
| Software and Services · North America | 3,044 | 2,723 | +11.8% |
| Software and Services · Sales Channel Directly To Consumer | 4,037 | 3,586 | +12.6% |
| Software and Services · Sales Channel Through Intermediary | 392 | 348 | +12.6% |
Show Geography breakouts |
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| CA | 433 | 388 | +11.6% |
| GB | 603 | 572 | +5.4% |
| International | 3,320 | 2,997 | +10.8% |
| North America | 8,362 | 7,820 | +6.9% |
| Other | 2,717 | 2,425 | +12.0% |
| US | 7,929 | 7,432 | +6.7% |
Show Contract With Customer Sales Channel breakouts |
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| Sales Channel Directly To Consumer | 8,655 | 7,824 | +10.6% |
| Sales Channel Through Intermediary | 3,027 | 2,993 | +1.1% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred Over Time | 2.2 | 2 | +10.0% |
| Cost of Revenue | 5,647 | 5,305 | +6.4% |
Show Product Lines breakouts |
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| Product | 2,776 | 2,674 | +3.8% |
| Service | 2,871 | 2,631 | +9.1% |
Show Business Segments breakouts |
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| Products and Systems Integration | 3,338 | 3,215 | +3.8% |
| Software and Services | 2,309 | 2,090 | +10.5% |
| Gross Profit | 6,035 | 5,512 | +9.5% |
Show Business Segments breakouts |
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| Products and Systems Integration | 3,915 | 3,668 | +6.7% |
| Software and Services | 2,120 | 1,844 | +15.0% |
| Selling, General & Administrative | 1,870 | 1,752 | +6.7% |
Show Business Segments breakouts |
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| Products and Systems Integration | 1,478 | 1,392 | +6.2% |
| Software and Services | 392 | 360 | +8.9% |
| Research & Development | 970 | 917 | +5.8% |
Show Business Segments breakouts |
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| Products and Systems Integration | 598 | 575 | +4.0% |
| Software and Services | 372 | 342 | +8.8% |
| Other Operating Income Expense Net | 207 | 155 | +33.5% |
Show Business Segments breakouts |
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| Products and Systems Integration | 78 | 25 | +212.0% |
| Software and Services | 129 | 130 | -0.8% |
| Operating Income | 2,988 | 2,688 | +11.2% |
Show Business Segments breakouts |
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| Products and Systems Integration | 1,761 | 1,676 | +5.1% |
| Software and Services | 1,227 | 1,012 | +21.2% |
| Interest Expense | -302 | -227 | -33.0% |
| Other Non-Operating Income (Expense) | 126 | -489 | +125.8% |
| Non-Operating Income (Expense) | -176 | -716 | +75.4% |
| Income Before Taxes | 2,812 | 1,972 | +42.6% |
| Income Tax Expense (Benefit) | 652 | 390 | +67.2% |
| Net Income | 2,160 | 1,582 | +36.5% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 6 | 5 | +20.0% |
| Retained Earnings | 2,154 | 1,577 | +36.6% |
| Net Income Loss Attributable To Noncontrolling Interest | 6 | 5 | +20.0% |
| Net Income | 2,154 | 1,577 | +36.6% |
| EPS (Basic) | 12.93 | 9.45 | +36.8% |
| EPS (Diluted) | 12.75 | 9.23 | +38.1% |
| Wtd Avg Shares (Basic) | 166.6 | 166.8 | -0.1% |
| Wtd Avg Shares (Diluted) | 169 | 170.8 | -1.1% |
| Common Stock Dividends Per Share Declared | 4.48 | 4.03 | +11.2% |
| Comprehensive Income | 2,273 | 1,578 | +44.0% |
| Foreign Currency Transaction Gain Loss Before Tax | -55 | 2 | -2850.0% |
| Interest Expense | -360 | -295 | -22.0% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,165 | 2,102 | -44.6% |
| Accounts Receivable | 2,200 | 1,952 | +12.7% |
| Contract With Customer Asset Net Current | 1,574 | 1,230 | +28.0% |
| Inventory | 983 | 766 | +28.3% |
| Other Assets Current | 378 | 429 | -11.9% |
| Total Current Assets | 6,300 | 6,479 | -2.8% |
| Non-Current Assets | |||
| Operating Lease Right-of-Use Assets | 581 | 529 | +9.8% |
| Long Term Investments | 187 | 135 | +38.5% |
| Deferred Tax Assets | 761 | 1,280 | -40.5% |
| Goodwill | 6,800 | 3,526 | +92.9% |
Show Business Segments breakouts |
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| Products and Systems Integration | 4,229 | 1,573 | +168.8% |
| Software and Services | 2,571 | 1,953 | +31.6% |
| Intangible Assets | 3,104 | 1,249 | +148.5% |
| Other Non-Current Assets | 491 | 375 | +30.9% |
| Total Assets | 19,389 | 14,595 | +32.8% |
Show Geography breakouts |
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| CA | 435 | 383 | +13.6% |
| GB | 2,538 | 2,190 | +15.9% |
| Other | 1,051 | 566 | +85.7% |
| US | 15,365 | 11,456 | +34.1% |
| Property, Plant & Equipment | 1,165 | 1,022 | +14.0% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 1,165 | 1,022 | +14.0% |
| Current Liabilities | |||
| Accounts Payable | 1,134 | 1,018 | +11.4% |
| Deferred Revenue (Current) | 2,265 | 2,072 | +9.3% |
| Accrued Liabilities | 1,930 | 1,643 | +17.5% |
| Total Current Liabilities | 6,078 | 5,055 | +20.2% |
| Non-Current Liabilities | |||
| Long-Term Debt | 8,413 | 5,675 | +48.2% |
| Operating Lease Liabilities | 471 | 427 | +10.3% |
| Other Non-Current Liabilities | 2,000 | 1,719 | +16.3% |
| Deferred Tax Liabilities | 124 | 87 | +42.5% |
| Contract With Customer Liability Noncurrent | 751 | 496 | +51.4% |
| Other Liabilities | |||
| Short Term Borrowings | 749 | — | — |
Show Debt Instrument breakouts |
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| 6.5% debentures due 2025 · Unsecured Debt | 749 | — | — |
| Stockholders' Equity | |||
| Common Stock | 2 | 2 | 0.0% |
| Additional Paid In Capital Common Stock | 2,279 | 1,940 | +17.5% |
| Retained Earnings | 2,549 | 2,300 | +10.8% |
| Accumulated Other Comprehensive Income | -2,420 | -2,539 | +4.7% |
| Total Stockholders' Equity | 2,410 | 1,703 | +41.5% |
| Minority Interest | 17 | 16 | +6.2% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 2,427 | 1,719 | +41.2% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -1,969 | -1,986 | +0.9% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -6 | -7 | +14.3% |
| Accumulated Other Comprehensive Income | -2,420 | -2,539 | +4.7% |
| Accumulated Translation Adjustment | -445 | -546 | +18.5% |
| Common Stock Including Additional Paid In Capital | 2,281 | 1,942 | +17.5% |
| Noncontrolling Interest | 17 | 16 | +6.2% |
| Retained Earnings | 2,549 | 2,300 | +10.8% |
| Total Liabilities & Equity | 19,389 | 14,595 | +32.8% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 425 | 336 | +26.5% |
| Other Non Cash Charges Or Income | 3 | 16 | -81.2% |
| Stock-Based Compensation | 293 | 243 | +20.6% |
| Increase Decreasein Accounts Receivable Contract Assets And Contract Liabilities | -173 | -246 | +29.7% |
| Change in Inventory | -145 | 62 | -333.9% |
| Increase Decrease In Other Operating Assets | -221 | -213 | -3.8% |
| Increase Decrease In Accounts Payable And Accrued Liabilities And Contract With Customer Liability | 280 | 302 | -7.3% |
| Increase Decrease In Other Operating Capital Net | 121 | -61 | +298.4% |
| Deferred Income Taxes | 94 | -215 | +143.7% |
| Net Cash from Operations | 2,837 | 2,391 | +18.7% |
| Investing Activities | |||
| Payments For Acquisitions And Investments Net | -4,916 | -290 | -1595.2% |
| Proceeds From Sales Of Investments And Businesses Net | 17 | 40 | -57.5% |
| Payments To Acquire Productive Assets | -265 | -257 | -3.1% |
Show Business Segments breakouts |
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| Products and Systems Integration | -131 | -103 | -27.2% |
| Software and Services | -134 | -154 | +13.0% |
| Net Cash from Investing | -5,164 | -507 | -918.5% |
| Financing Activities | |||
| Proceeds From Issuance Of Debt | 2,733 | 1,288 | +112.2% |
| Proceeds From Short Term Debt | 923 | — | — |
| Repayments Of Long Term Debt | -322 | -1,906 | +83.1% |
| Repayments Of Short Term Debt | -179 | — | — |
| Payments Of Financing Costs | -5 | — | — |
| Proceeds From Issuance Of Common Stock | 46 | 75 | -38.7% |
| Payments For Repurchase Of Common Stock Net Excise Tax | -1,154 | -247 | -367.2% |
| Payments Of Dividends Common Stock | -728 | -654 | -11.3% |
| Payments Of Dividends Minority Interest | -5 | -4 | -25.0% |
| Net Cash from Financing | 1,309 | -1,448 | +190.4% |
| Share Repurchases | 1,154 | 244 | +373.0% |
| Debt Repayments (FY) | — | — | — |
Show Debt Instrument breakouts |
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| 6.5% debentures due 2025 · Unsecured Debt | 70 | — | — |
| 7.5% debentures due 2025 · Unsecured Debt | 252 | — | — |
Show Credit Facility breakouts |
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| Commercial Paper · Unsecured Debt | 179 | — | — |
| Supplemental | |||
| Interest Paid | 285 | 253 | +12.6% |
| Income Taxes Paid | 569 | 627 | -9.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 81 | -39 | +307.7% |
| Net Change in Cash | -937 | 397 | -336.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,165 | 2,102 | -44.6% |
Values in millions USD. Source: SEC EDGAR 10-K filing.