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MSI

Motorola Solutions Inc

US$448.03+0.46% (US$2.06)
Day's range
US$443.68 – US$450.05
Day's volume
US$311.8m
52-week range
US$360.52 – US$489.97

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MSI in numbers

Market cap
US$74.1bn
P/B
27.75
Dividend yield (12m)
1.08%

The 12-month dividend yield of MSI is 1.08%, above its 5-year average of 1.08%.

MSI price history

02/10/202501/10/2026
Compare with

MSI risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+11.44%+66.14%+91.14%
Volatility (annualised)30.70%25.04%24.84%
Largest drawdown-16.16%-25.29%-25.29%
Positive months7/1222/3635/60

How much did investing in MSI return?

US$1,000.00 invested on 01/09/2021 would be worth US$2,035.82 today.

Value today in MSI
US$2,035.82
Return over the period
+103.58%
Return per year
+15.28%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MSI fundamentals

Valuation

  • P/E
    —
  • P/B
    27.75
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    US$16.15

Debt

  • Net debt
    US$8.3bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    3.11
  • Debt/Equity
    3.38
  • Current ratio
    1.10
  • Quick ratio
    0.86
  • Cash ratio
    0.13

What is MSI's fair price?

Two classic value formulas, with today's numbers. The current price is US$448.03.

Graham's fair price
—
MSI's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$59.33
86.76% below the price

US$3.56 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MSI indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E29.4848.9330.4431.6236.7130.2931.6719.52
P/B26.3545.3171.84371.57-1,142.56-51.51-39.27-14.58
EV/EBITDA20.9526.8021.2622.7523.5318.2316.0114.19
Dividend yield1.14%0.85%1.12%1.23%1.05%1.51%1.41%1.81%
Earnings per shareUS$13.00US$9.45US$10.29US$8.15US$7.40US$5.61US$5.09US$5.89
Book value per shareUS$14.55US$10.20US$4.36US$0.69-US$0.24-US$3.30-US$4.10-US$7.89
ROE89.38%92.60%236.05%1,175.00%-3,112.50%-170.07%-124.00%-74.71%
ROIC22.05%38.52%36.37%31.19%35.53%33.38%40.13%39.84%
Gross margin51.66%50.96%49.81%46.41%49.44%48.66%49.84%47.39%
EBITDA margin29.22%27.96%26.56%23.06%25.76%24.17%25.04%21.99%
Net margin18.44%14.58%17.13%14.96%15.24%12.80%11.01%13.16%
Net debt/EBITDA2.341.291.632.231.812.192.092.52

MSI financial statements

Line202520242023202220212020
Net revenueUS$11.7bnUS$10.8bnUS$10bnUS$9.1bnUS$8.2bnUS$7.4bn
Cost of sales-US$5.6bn-US$5.3bn-US$5bn-US$4.9bn-US$4.1bn-US$3.8bn
Gross profitUS$6bnUS$5.5bnUS$5bnUS$4.2bnUS$4bnUS$3.6bn
EBITDAUS$3.4bnUS$3bnUS$2.7bnUS$2.1bnUS$2.1bnUS$1.8bn
EBITUS$3bnUS$2.7bnUS$2.3bnUS$1.7bnUS$1.7bnUS$1.4bn
Net finance result-US$176m-US$716m-US$148m-US$146m-US$115m-US$209m
Profit before taxUS$2.8bnUS$2bnUS$2.1bnUS$1.5bnUS$1.6bnUS$1.2bn
Income tax-US$652m-US$390m-US$432m-US$148m-US$302m-US$221m
Net incomeUS$2.2bnUS$1.6bnUS$1.7bnUS$1.4bnUS$1.2bnUS$949m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MSI pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend15/09/202615/10/2026US$1.21

Dividend yield per year

  • 2.08%2017
  • 1.81%2018
  • 1.41%2019
  • 1.51%2020
  • 1.05%2021
  • 1.23%2022
  • 1.12%2023
  • 0.85%2024
  • 1.14%2025
  • 0.81%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend16/06/202615/07/2026US$1.21
Dividend19/03/202615/04/2026US$1.21
Dividend12/12/202515/01/2026US$1.21
Dividend12/09/202515/10/2025US$1.09
Dividend12/06/202515/07/2025US$1.09
Dividend13/03/202515/04/2025US$1.09
Dividend12/12/202415/01/2025US$1.09
Dividend12/09/202415/10/2024US$0.98
Dividend13/06/202415/07/2024US$0.98
Dividend13/03/202415/04/2024US$0.98
Dividend13/12/202312/01/2024US$0.98
Dividend13/09/202313/10/2023US$0.88
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend13/06/202314/07/2023US$0.88
Dividend13/03/202314/04/2023US$0.88
Dividend13/12/202213/01/2023US$0.88
Dividend13/09/202214/10/2022US$0.79
Dividend13/06/202215/07/2022US$0.79
Dividend11/03/202214/04/2022US$0.79
Dividend13/12/202114/01/2022US$0.79
Dividend13/09/202115/10/2021US$0.71
Dividend11/06/202115/07/2021US$0.71
Dividend11/03/202115/04/2021US$0.71
Dividend11/12/202015/01/2021US$0.71
Dividend11/09/202015/10/2020US$0.64
Dividend11/06/202015/07/2020US$0.64
Dividend11/03/202015/04/2020US$0.64
Dividend11/12/201915/01/2020US$0.64
Dividend11/09/201915/10/2019US$0.57
Dividend12/06/201915/07/2019US$0.57
Dividend13/03/201915/04/2019US$0.57
Dividend12/12/201815/01/2019US$0.57
Dividend12/09/201815/10/2018US$0.52
Dividend13/06/201813/07/2018US$0.52
Dividend13/03/201813/04/2018US$0.52
Dividend13/12/201712/01/2018US$0.52
Dividend13/09/201713/10/2017US$0.47
Dividend12/06/201714/07/2017US$0.47
Dividend10/03/201714/04/2017US$0.47
Dividend12/12/201613/01/2017US$0.47

About Motorola Solutions

Sector
Manufacturing

Questions about MSI

How much is MSI today?

MSI is at US$448.03 (0.46% on the day), last traded on 01/10/2026.

How much did MSI pay in dividends in 2025?

MSI paid US$4.36 per share in 2025, a dividend yield of 1.14%.

When is the next MSI dividend?

The next announced payment is US$1.21 per share on 15/10/2026.

How much did MSI return in 12 months?

MSI returned 11.44% in 12 months, with annualised volatility of 30.70% and a largest drawdown of -16.16%.