Explain this page
Arphra AIPlain-English read on Motorola Solutions, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
ATop tier
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin50.2%
Operating margin25.1%
Net margin18.4%
ROE88.8%
ROA11.1%
ROIC20.4%
Liquidity & leverage
Current ratio1.04×
Quick ratio0.87×
Debt / equity4.02×
Net debt / EBITDA2.44×
Interest coverage8×
Efficiency & per-share
Asset turnover0.60×
Inventory days62
Days sales out.118
FCF / share$15.30
Book value / share$14.44
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $77.1B | $63.71B | — | — | — |
| Enterprise value | — | — | — | $81.55B | $72.31B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 7.54 | 6.19 | — | — | — |
| EV / FCF | — | — | — | 38.21 | 28.11 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +2.05% | +3.38% | — | — | — |
| Free cash flow yield | — | — | — | +2.77% | +4.04% | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +49.44% | +46.41% | +49.81% | +50.96% | +50.18% | +51.35% | +50.98% | +50.58% |
| Operating margin | +20.40% | +18.23% | +22.99% | +24.85% | +25.12% | +23.85% | +23.80% | +23.90% |
| EBITDA margin | +26.99% | +24.09% | +27.57% | +24.06% | +30.17% | +26.97% | +27.79% | +26.60% |
| EBIT margin | +21.63% | +19.26% | +24.00% | +20.96% | +26.31% | +23.57% | +23.54% | +23.78% |
| Pre-tax margin | +18.99% | +16.63% | +21.51% | +18.23% | +24.08% | +21.36% | +20.79% | +21.67% |
| Net margin | +15.24% | +14.96% | +17.13% | +14.58% | +18.44% | +16.59% | +16.85% | +16.90% |
| Cost structure | ||||||||
| Cost of revenue / sales | +50.56% | +53.59% | +50.19% | +49.04% | +49.82% | +48.44% | +50.92% | +50.57% |
| R&D intensity | +8.98% | +8.55% | +8.60% | +8.48% | +8.31% | +8.22% | +8.26% | +8.48% |
| SG&A intensity | +16.56% | +15.91% | +15.64% | +16.20% | +15.99% | +15.87% | +15.59% | +16.39% |
| Effective tax rate | +19.46% | +9.77% | +20.13% | +19.78% | +23.18% | +21.03% | +21.95% | +21.10% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | -5413.04% | +1040.46% | +231.26% | +91.74% | +88.75% | +112.50% | +118.33% | +114.37% |
| Return on assets (ROA) | +10.21% | +10.64% | +12.81% | +10.81% | +11.11% | +11.66% | +11.70% | +11.42% |
| Return on capital (ROC) | +27.30% | +24.86% | +31.47% | +32.50% | +24.07% | +28.64% | +28.31% | +28.75% |
| Return on invested capital (ROIC) | +20.39% | +20.40% | +23.45% | +19.07% | +17.67% | +19.93% | +20.05% | +20.33% |
| Asset turnover | +67.04% | +71.11% | +74.82% | +74.11% | +60.25% | +70.25% | +69.43% | +67.60% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +15.24% | +14.96% | +17.13% | +14.58% | +18.44% | +16.59% | +16.85% | +16.90% |
| Asset turnover (× revenue / assets) | +67.04% | +71.11% | +74.82% | +74.11% | +60.25% | +70.25% | +69.43% | +67.60% |
| Equity multiplier (× assets / equity) | -52995.65% | +9781.68% | +1804.60% | +849.04% | +798.89% | +965.08% | +1011.26% | +1001.25% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.67 | 0.71 | 0.75 | 0.74 | 0.60 | 0.70 | 0.69 | 0.68 |
| Fixed-asset turnover | 5.74 | 6.45 | 6.84 | 6.97 | 6.69 | — | — | — |
| Inventory turnover | 5.24 | 4.63 | 6.06 | 6.93 | 5.92 | — | — | — |
| Receivables turnover | 3.28 | 3.66 | 3.55 | 3.40 | 3.10 | — | — | — |
| Payables turnover | 3.80 | 4.05 | 4.90 | 4.50 | 4.38 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 111.27 | 99.82 | 102.86 | 107.37 | 117.92 | — | — | — |
| Days inventory outstanding (DIO) | 69.62 | 78.86 | 60.27 | 52.70 | 61.65 | — | — | — |
| Days payables outstanding (DPO) | 95.95 | 90.22 | 74.41 | 81.05 | 83.29 | — | — | — |
| Cash conversion cycle | 84.94 | 88.46 | 88.72 | 79.02 | 96.28 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.48 | 1.34 | 1.20 | 1.52 | 1.32 | 1.35 | 1.36 | 1.30 |
| FCF / Net income | 1.28 | 1.15 | 1.05 | 1.35 | 1.19 | 1.19 | 1.22 | 1.21 |
| FCF margin | +19.51% | +17.20% | +17.95% | +19.73% | +22.02% | +19.72% | +20.48% | +20.47% |
| OCF margin | +22.48% | +20.01% | +20.49% | +22.10% | +24.29% | +22.43% | +22.92% | +22.00% |
| CapEx / Revenue | +2.97% | +2.81% | +2.54% | +2.38% | +2.27% | +2.45% | +2.35% | +2.33% |
| CapEx / D&A | 0.55 | 0.58 | 0.71 | 0.76 | 0.62 | — | — | — |
| Stock-based comp / Revenue | +1.58% | +1.89% | +2.12% | +2.25% | +2.51% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 7.17 | 7.93 | 9.93 | 9.23 | 12.76 | 16.96 | 18.52 | 20.17 |
| EPS · basic | 7.36 | 8.14 | 10.23 | 9.45 | 12.93 | 17.48 | 19.11 | 20.77 |
| Book value / share | -0.13 | 0.76 | 4.29 | 10.06 | 14.44 | 11.29 | 11.46 | 12.69 |
| Tangible BV / share | -21.27 | -26.31 | -22.76 | -17.89 | -44.48 | 11.29 | 11.46 | 12.69 |
| Sales / share | 47.07 | 53.01 | 57.98 | 63.33 | 69.49 | 76.51 | 80.49 | 85.92 |
| Operating CF / share | 10.58 | 10.61 | 11.88 | 14.00 | 16.88 | 17.16 | 18.45 | 18.90 |
| Free cash flow / share | 9.18 | 9.12 | 10.41 | 12.49 | 15.30 | 15.09 | 16.48 | 17.59 |
| Dividends / share | 2.78 | 3.08 | 3.42 | 3.83 | 4.33 | 4.52 | 4.74 | 5.36 |
| Payout ratio | +38.71% | +38.88% | +34.46% | +41.47% | +33.80% | +35.58% | +34.96% | +36.89% |
| Retention ratio | +61.29% | +61.12% | +65.54% | +58.53% | +66.20% | +64.42% | +65.04% | +63.11% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +11.52% | +9.50% | +8.41% | +8.00% | +9.59% | +6.29% | +5.94% | +8.45% |
| Gross profit · YoY | — | +4.68% | +17.52% | +10.91% | +6.35% | +12.14% | +5.53% | +5.12% | +8.80% |
| Profit | |||||||||
| Operating income · YoY | — | -0.36% | +38.11% | +17.18% | +9.19% | +4.01% | +6.09% | +6.38% | +10.93% |
| EBITDA · YoY | — | -0.45% | +25.33% | -5.38% | +35.42% | -2.05% | +9.52% | +1.39% | +8.22% |
| Net income · YoY | — | +9.48% | +25.39% | -7.72% | +36.59% | -1.38% | +7.97% | +6.21% | +10.06% |
| Operating | |||||||||
| EBIT · YoY | — | -0.68% | +36.47% | -5.34% | +35.60% | -1.85% | +6.15% | +7.03% | +9.93% |
| R&D · YoY | — | +6.13% | +10.14% | +6.88% | +5.89% | +8.34% | +6.87% | +8.78% | +7.57% |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +10.60% | +25.22% | -7.05% | +38.24% | +32.90% | +9.19% | +8.93% | +15.92% |
| EPS · basic · YoY | — | +10.60% | +25.68% | -7.62% | +36.83% | +35.21% | +9.32% | +8.68% | +15.98% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $6.13B | $6.55B | $6.55B | $6.55B | $9.77B | $8.77B | $9.5B | $9.85B |
| Net debt | $4.26B | $5.23B | $4.85B | $4.45B | $8.6B | $6.82B | $7.42B | $7.66B |
| Net debt / EBITDA | 1.93 | 2.38 | 1.76 | 1.71 | 2.44 | 1.98 | 1.96 | 2.00 |
| Debt / equity | -266.52 | 50.01 | 8.86 | 3.81 | 4.02 | 4.64 | 4.90 | 4.63 |
| Debt / assets | +50.29% | +51.12% | +49.12% | +44.89% | +50.37% | +48.13% | +48.48% | +46.20% |
| Equity / assets | -0.19% | +1.02% | +5.54% | +11.78% | +12.52% | +10.36% | +9.89% | +9.99% |
| Coverage | ||||||||
| EBITDA / interest expense | 10.26 | 9.15 | 11.05 | 8.82 | 9.66 | 9.63 | 9.93 | 9.35 |
| Operating income / interest | 7.75 | 6.92 | 9.21 | 9.11 | 8.04 | 8.52 | 8.50 | 8.40 |
| Interest expense | $215M | $240M | $249M | $295M | $365M | $358.52M | $380.97M | $410.09M |
| Liquidity | ||||||||
| Current ratio | 1.33 | 1.15 | 1.00 | 1.28 | 1.04 | — | — | — |
| Quick ratio | 1.07 | 0.84 | 0.79 | 1.05 | 0.81 | — | — | — |
| Cash ratio | 0.46 | 0.29 | 0.30 | 0.42 | 0.19 | — | — | — |
| Working capital | $1.35B | $695M | -$11M | $1.42B | $222M | — | — | — |
| Working capital / revenue | +16.51% | +7.63% | -0.11% | +13.16% | +1.90% | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 6.19x | 7.54x |
| Earnings yield | 3.4% | 2.0% |
| FCF yield | 4.0% | 2.8% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 89.4% | 92.6% |
| ROA | 11.1% | 10.8% |
| ROIC | 15.9% | 21.6% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 2.44 | 1.71 |
| Interest coverage | — | — |
| Current ratio | 1.04x | 1.28x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).