TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

MSI stock analysis: Motorola Solutions

Motorola Solutions (MSI) is an S&P 500 company in Communications Equipment. It grades weakest on growth.

The model's view of MSI · subscribers

Where MSI ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MSI · updated 2026-10-05 · from prices and SEC filings

MSI price performance

MSI against the S&P 500, one year
-20%+0%+20%S&P 500 +18%MSI +1%2025-09-292026-10-05
Year to date+19.8%S&P 500 +14.5% · ahead by 5.3 pts
1 year+1.7%S&P 500 +17.0% · behind by 15.3 pts
3 years+72.1%S&P 500 +89.3% · behind by 17.1 pts
5 years+107.9%S&P 500 +91.3% · ahead by 16.6 pts

Total returns with dividends reinvested.

MSI factor grades

Each grade compares MSI with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 35.9x (industry 36.2x)FCF yield 3.6% (industry 2.9%)
D+GrowthRevenue growth +10% (industry +12%)EPS growth +2% (industry +11%)
B-ProfitabilityOperating margin 24.9% (industry 24.3%)ROIC 21.4% (industry 17.5%)
C+Momentum12-month change +2%From 52-wk high -7%

MSI in plain numbers

MSI key statistics

SectorInformation Technology
IndustryCommunications Equipment
IndexS&P 500
Market value$75.4B
Revenue growth (y/y)+10%
Free-cash-flow yield3.6%
Dividend yield1.1%
Next earnings (expected)2026-10-29
Valuation measures
Market value$75.4B
Enterprise value$83.7B
P/E (trailing)35.9x
Forward P/E (Torvanta estimate)32.7x
PEG (Torvanta estimate)3.42
Price / sales6.2x
Price / book28.2x
EV / revenue6.8x
EV / EBITDA23.3x
Financial highlights
Revenue, last 12 months$12.2B
Net income, last 12 months$2.1B
EPS, last 12 months (GAAP)$12.70
Gross margin52.0%
Operating margin24.9%
Net margin17.4%
Return on equity92.0%
Return on invested capital21.4%
Cash$710.0M
Total debt$9.0B
Debt / equity3.38x
Free cash flow, last 12 months$2.7B
Interest cover6.9x
Current ratio1.10x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MSI earnings trends

Revenue vs earnings
$0$845.0M$1.7B$2.5B$3.4BSep 2024 Revenue: $2.8BDec 2024 Revenue: $3.0BMar 2025 Revenue: $2.5BJun 2025 Revenue: $2.8BSep 2025 Revenue: $3.0BDec 2025 Revenue: $3.4BMar 2026 Revenue: $2.7BJun 2026 Revenue: $3.1BSep 2024 Net income: $562.0MDec 2024 Net income: $611.0MMar 2025 Net income: $430.0MJun 2025 Net income: $513.0MSep 2025 Net income: $562.0MDec 2025 Net income: $649.0MMar 2026 Net income: $366.0MJun 2026 Net income: $557.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 20.1%Net margin: 20.3%Net margin: 17.0%Net margin: 18.6%Net margin: 18.7%Net margin: 19.2%Net margin: 13.5%Net margin: 17.8%0%10%20%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.0$1.9$2.9$3.9Sep 2024 EPS (GAAP, diluted): $3.3Dec 2024 EPS (GAAP, diluted): $3.6Mar 2025 EPS (GAAP, diluted): $2.5Jun 2025 EPS (GAAP, diluted): $3.0Sep 2025 EPS (GAAP, diluted): $3.3Dec 2025 EPS (GAAP, diluted): $3.9Mar 2026 EPS (GAAP, diluted): $2.2Jun 2026 EPS (GAAP, diluted): $3.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +1% · Dec 2025 +8% · Mar 2026 -14% · Jun 2026 +10%

From the company's 10-Q and 10-K filings with the SEC.

Motorola Solutions financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$8.2B$9.1B$10.0B$10.8B$11.7B
Net income$1.2B$1.4B$1.7B$1.6B$2.2B
EPS (GAAP)$7.16$7.93$9.93$9.23$12.76
Free cash flow$1.6B$1.6B$1.8B$2.1B$2.6B

MSI earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$3.33+10%+13%+7.4%
2026-05-07$2.18-14%+7%-12.0%
2026-02-11$3.86+8%+12%+9.6%
2025-10-30$3.33+1%+8%-5.1%
2025-08-07$3.04+17%+5%+1.8%
2025-05-01$2.53n/a+6%-9.9%

About Motorola Solutions

HeadquartersChicago, IL
Industry (SEC code)Radio & Tv Broadcasting & Communications Equipment
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyMOTOROLA INC

From the company's SEC registration record.

Companies similar to MSI

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MSI Motorola Solutions$75.4B35.9x+10%24.9%+2%
LITE Lumentum$81.4Bn/a+83%17.4%+566%compare
CIEN Ciena$55.3B87.0x+33%12.3%+157%compare
FFIV F5 Inc$26.0B36.5x+9%24.5%+41%compare
CSCO Cisco$444.8B33.8x+12%24.3%+69%

All Information Technology stock ratings

Frequently asked questions

Is MSI stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MSI are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MSI's P/E ratio?

MSI trades at about 35.9 times its last 12 months of GAAP earnings reported to the SEC, and about 32.7 times Torvanta's own estimate of the next 12 months.

When does MSI report earnings next?

Based on its filing history, Torvanta expects Motorola Solutions to report around 2026-10-29.

Does MSI pay a dividend?

Yes. Its dividend yield is about 1.1%, and it has raised its dividend 13 years in a row.

How has MSI performed against the S&P 500?

Over the past year MSI returned +1.7%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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