美股A股
StockGist
Back
10-K2026-02-12· glm-5

MSI · Motorola Solutions, Inc.

0000068505-26-000010

SEC filing

Summary

Motorola Solutions, Inc. reported strong financial performance for the fiscal year ended December 31, 2025, with net sales reaching $11.68 billion and a gross margin of $6.04 billion, resulting in a gross margin percentage of approximately 51.7%. The company demonstrated solid operational efficiency, achieving operating earnings of $2.99 billion and an operating margin of 25.6%. Net earnings attributable to Motorola Solutions, Inc. totaled $2.15 billion, translating to diluted earnings per share of $13.00. The company returned significant capital to shareholders, declaring $4.00 in dividends per share and repurchasing $1.15 billion of common stock. Cash flow generation remained robust, with net cash provided by operating activities of $2.84 billion, supporting substantial acquisition activities of $4.92 billion during the period. The balance sheet reflects total assets of $19.39 billion against total liabilities and stockholders' equity of $19.39 billion, with long-term debt standing at $8.41 billion.

Key takeaways

Full analysis

Performance Summary

For the fiscal year ended December 31, 2025, Motorola Solutions, Inc. delivered solid financial results. The company reported net sales of $11.68 billion, generating a gross profit of $6.04 billion. Operating earnings stood at $2.99 billion, reflecting strong cost management despite $1.87 billion in SG&A expenses and $970.0 million in R&D investments. Net earnings attributable to Motorola Solutions, Inc. reached $2.15 billion, or $13.00 per diluted share, after accounting for $652.0 million in income tax expense. The effective tax rate for the period was approximately 23.2%.

Revenue Analysis

The document provided does not disclose specific segment breakdowns, geographic revenue distributions, or detailed growth drivers for the fiscal year 2025. Net sales totaled $11.68 billion. Without segmental or geographic data explicitly stated in the provided text or XBRL data, a detailed analysis of revenue composition cannot be provided. The company incurred costs of sales amounting to $5.65 billion.

Margins & Profitability

Motorola Solutions maintained healthy profitability margins. The gross margin was 51.7% ($6.04B gross profit on $11.68B sales). The operating margin was 25.6%, derived from $2.99 billion in operating earnings. Key expense items included selling, general and administrative expenses of $1.87 billion and research and development expenditures of $970.0 million. Other charges impacted operating earnings by -$207.0 million. Interest expense, net, was $302.0 million, contributing to total other expense of -$176.0 million.

Cash Flow & Balance Sheet

The company generated $2.84 billion in net cash from operating activities. After deducting capital expenditures of $265.0 million, free cash flow was approximately $2.58 billion. Investing activities utilized $5.16 billion, primarily driven by $4.92 billion in acquisitions. Financing activities provided $1.31 billion, including $2.73 billion in net debt proceeds, offset by $1.15 billion in stock repurchases and $728.0 million in dividend payments. Total debt consisted of $8.41 billion in long-term debt and $749.0 million in short-term borrowings. Total stockholders' equity was $2.43 billion.

Outlook

The provided document text and XBRL data do not contain specific forward-looking statements, management guidance, strategic priorities, or risk factor disclosures for future periods. Consequently, an outlook analysis based on the current fiscal year filing cannot be generated from the available source information.