Motorola Solutions (MSI) stock
Information Technology · Communications Equipment
Motorola Solutions (MSI) is a Communications Equipment company in the Information Technology sector, headquartered in Chicago, Illinois. As of October 23, 2026, MSI closed at $481.83, a market capitalization of $79.74 billion, the 161st largest company in the S&P 500. Over the last twelve months it generated $12.24 billion in revenue (+13% year over year) and $2.68 billion in free cash flow. The stock trades at 37.9x trailing earnings and 24.8x forward earnings.
- 1-year total return: +9.6% (dividends reinvested)
- 5-year return: +15.4% a year
- 52-week range: $359.36 – $494.85
- Gross margin 52.1%, operating margin 27.4%
- Dividend yield: 1.00%, 14 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 37th largest of 75 Information Technology stocks in the S&P 500
MSI price chart
1Y price change: +8.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MSI | +4.6% | +26.7% | +9.6% | +21.2% | +15.4% | +22.5% | +10.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
MSI key statistics
- Market cap
- $79.7B
- #161 in S&P 500
- P/E (TTM)
- 37.9x
- Forward P/E
- 24.8x
- EPS (TTM)
- $12.70
- Revenue (TTM)
- $12.2B
- +13%
- Free cash flow
- $2.7B
- Gross margin
- 52.1%
- Operating margin
- 27.4%
- Return on equity
- 91.6%
- Dividend yield
- 1.00%
- 52-week range
- $359.36 – $494.85
- Beta
- 0.89
- Price / sales
- 6.5x
- EV / EBITDA
- 23.6x
- Debt / equity
- 3.58x
- Employees
- 23,000
MSI report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth13.3%B
- Gross margin52.1%B
- Operating margin27.4%B
- FCF margin21.9%B
- Return on equity91.6%A
- Net debt / EBITDA2.4xD
- Forward P/E24.8xC
- PEG ratio2.0xD
- Shareholder yield2.5%C
- Share count change / yr-0.6%B
Motorola Solutions financials
Revenue went from $6.0B in fiscal 2016 to $11.7B in fiscal 2025, growing 7.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0B | $6.4B | $7.3B | $7.9B | $7.4B | $8.2B | $9.1B | $10.0B | $10.8B | $11.7B |
| Gross profit | $2.9B | $3.0B | $3.5B | $3.9B | $3.6B | $4.0B | $4.2B | $5.0B | $5.5B | $6.0B |
| Operating income | $1.0B | $1.3B | $1.3B | $1.6B | $1.4B | $1.7B | $1.7B | $2.3B | $2.7B | $3.0B |
| Net income | $560.0M | -$155.0M | $966.0M | $868.0M | $949.0M | $1.2B | $1.4B | $1.7B | $1.6B | $2.2B |
| EPS (diluted) | $3.24 | $-0.95 | $5.62 | $4.95 | $5.45 | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 |
| Free cash flow | $894.0M | $1.1B | $878.0M | $1.6B | $1.4B | $1.6B | $1.6B | $1.8B | $2.1B | $2.6B |
| Buybacks | $842.0M | $483.0M | $132.0M | $315.0M | $612.0M | $528.0M | $836.0M | $804.0M | $244.0M | $1.2B |
| Dividends paid | $280.0M | $307.0M | $337.0M | $379.0M | $436.0M | $482.0M | $530.0M | $589.0M | $654.0M | $728.0M |
| Diluted shares | 173.1M | 162.9M | 172.0M | 175.6M | 174.1M | 173.6M | 171.9M | 172.1M | 170.8M | 169.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MSI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $88.6B and $2.7B of trailing free cash flow, Motorola Solutions needs to grow free cash flow about 23.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 13.0% a year over the last five years.
P/E ratio history
Current 37.8x vs. median 28.5x (10th–90th percentile 14.9x–44.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MSI dividend
- Dividend yield
- 1.00%
- Annual dividend
- $4.84
- Years of increases
- 14
- 5-yr dividend growth
- 11.2%
- per year
- Payout ratio
- 37%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MSI analyst price targets
11 analysts' average 12-month target is $526.91 (+9% vs. $481.83). Targets range from $476.00 to $550.00. 86% rate it a buy.
MSI earnings
Next report: November 4, 2026. Motorola Solutions has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $3.1B (+13% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $3.85 | $4.41 | +14.4% |
| May 7, 2026 | $3.25 | $3.37 | +3.8% |
| Feb 11, 2026 | $4.35 | $4.59 | +5.4% |
| Oct 30, 2025 | $3.85 | $4.06 | +5.5% |
| Aug 7, 2025 | $3.36 | $3.57 | +6.2% |
| May 1, 2025 | $3.01 | $3.18 | +5.7% |
| Feb 13, 2025 | $3.89 | $4.04 | +3.9% |
| Nov 7, 2024 | $3.38 | $3.74 | +10.6% |
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MSI news
- Could You Have Held Motorola Solutions Stock Through Its Falls? · Oct 23, 2026
- MCM Unveils Next Generation of Its Intelligent Operational Readiness Platform at IACP 2026 · Oct 22, 2026
- What Makes Motorola (MSI) a Strong Bet? · Oct 20, 2026
- Motorola Solutions to Issue Third-Quarter 2026 Earnings Results on November 4 · Oct 19, 2026
- 11% Undervalued Motorola Solutions (MSI) Following Nokia Value Comparison? · Oct 16, 2026
MSI stock FAQ
What is MSI's market cap?
Motorola Solutions's market capitalization is $79.74 billion as of October 23, 2026, ranking 161st in the S&P 500.
What is MSI's P/E ratio?
MSI trades at a trailing price-to-earnings ratio of 37.9x and a forward P/E of 24.8x. Its median P/E over the period we track is 28.5x.
Does MSI pay a dividend?
Yes. Motorola Solutions pays $4.84 per share a year, a 1.00% yield. It has raised its dividend 14 years in a row. Dividends grew 11.2% a year over the last five years.
How much has MSI stock returned?
Including reinvested dividends, MSI returned +9.6% over one year, +15.4% a year over five years, +22.5% a year over ten years through October 23, 2026.
Is MSI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Motorola Solutions must grow free cash flow about 23% a year for the next decade. Its free cash flow grew 13% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MSI price target?
11 analysts cover MSI with an average 12-month price target of $526.91, +9% from the current price. 86% of them rate it a buy.
When does MSI report earnings?
Motorola Solutions is expected to report earnings on November 4, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Motorola Solutions have?
Motorola Solutions has about 23,000 full-time employees, or $532,043 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology