Recent News
On November 18, 2025 the company’s board raised the regular quarterly dividend by 11% to $1.21 per share, payable January 15, 2026 to holders of record December 15, 2025. On December 2, 2025 a research firm upgraded the stock to a buy with a $450 target, and another institutional note in mid-December showed an upgrade from equal-weight to overweight, reflecting fresh analyst optimism. Local commercial real-estate coverage in late 2025 reported Motorola leasing office seats in Kolkata, signaling continued regional footprint activity.
Technical Analysis
ADX stands at 34.37, indicating a strong trend environment; this strength raises the likelihood that current directional signals will persist into the near term and therefore supports the case for stabilization despite stretched valuation.
Directional indicators diverge: DI+ shows a peak-and-reversal, which reads as a bearish development, while DI- has declined, which reads as bullish. The opposing directional readings create short-term friction but do not negate the ADX reading that a pronounced trend exists.
MACD registers at 4.10 with a signal line at 1.97 and an increasing trend; the MACD has crossed above its signal line, a bullish momentum confirmation that favors upward pressure in the coming weeks, though momentum strength remains measured rather than extreme.
MRO reads -2.89, indicating the market price sits slightly below the modelled target and implying upward potential pressure as the oscillator converges toward zero.
RSI at 49.03 sits close to the midpoint and has been rising, suggesting momentum currently lacks conviction toward overbought or deeply oversold extremes and therefore complements the stabilization thesis.
Price structure shows the close at $401.66 above the 20-day average ($389.45) and the 50-day average ($378.60) but below the 200-day average ($420.30). The 12-day EMA sits at $392.07 and trends upward; Bollinger bands place the 1x upper band at $398.07, so the market trades modestly above the near-term upper band while remaining under longer-term resistance. Ichimoku indicators place the Kijun at $381.29, lining up with the super-trend lower at $381.89 as nearby technical support.
Fundamental Analysis
Revenue shows strong momentum: YoY revenue growth equals 43.17%, reflecting meaningful top-line acceleration that supports pricing power and recurring software and services expansion.
Profitability metrics remain robust. EBIT equals $828,000,000 and the EBIT margin sits at 27.52%, slightly above the industry peer mean of 27.26% and comfortably above the industry peer median of 18.66%, indicating operational efficiency relative to peers while aligning with the company’s product and software mix.
Reported EPS came in at $4.06 versus an estimate of $3.85, producing an EPS surprise of 5.46%, which corroborates the underlying earnings beat embedded in the third-quarter results and in company commentary about order backlog and integration activity. The third-quarter filing also disclosed the acquisition of Silvus Technologies for $4.4 billion.
Cash flow remains a strength: operating cash flow reached $798,000,000 with free cash flow of $732,000,000 and a free cash flow yield near 0.97%, which sits below the industry peer mean of 1.33%. The cash conversion ratio of 19.80% and free cash flow to net income above parity (130.25%) indicate solid cash generation versus accounting net income.
Leverage and capital structure warrant attention. Debt-to-equity equals 4.27x (427%) and debt-to-assets sits at 52.85%, positioning leverage toward the high end of the industry peer range; interest coverage of 8.04x, however, indicates continuing capacity to service interest expense. Return on equity registers at 24.15%, above the industry peer mean of 6.71% and near the industry peer high, reflecting strong capital returns on a leveraged base.
Market multiples show tension with fundamentals: trailing P/E at 111.15 and forward P/E near 111.53 sit close to the provided industry peer mean for P/E but the price-to-book ratio at 32.33 markedly exceeds the industry peer mean of 7.63 and the stated industry peer high, contributing to the current WMDST valuation. The current valuation, as determined by WMDST, classifies the stock as over-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-30 |
| NEXT REPORT DATE: | 2026-01-29 |
| CASH FLOW | Begin Period Cash Flow | $ 3.2 B |
| Operating Cash Flow | $ 798.0 M | |
| Capital Expenditures | $ -66.00 M | |
| Change In Working Capital | $ 46.0 M | |
| Dividends Paid | $ -182.00 M | |
| Cash Flow Delta | $ -2.31 B | |
| End Period Cash Flow | $ 894.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.0 B | |
| Forward Revenue | $ 910.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.5 B | |
| Depreciation | $ 49.0 M | |
| Depreciation and Amortization | $ 115.0 M | |
| Research and Development | $ 237.0 M | |
| Total Operating Expenses | $ 2.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.6 B | |
| EBITDA | $ 943.0 M | |
| EBIT | $ 828.0 M | |
| Operating Income | $ 766.0 M | |
| Interest Income | $ 17.0 M | |
| Interest Expense | $ 103.0 M | |
| Net Interest Income | $ -86.00 M | |
| Income Before Tax | $ 725.0 M | |
| Tax Provision | $ 161.0 M | |
| Tax Rate | 22.0 % | |
| Net Income | $ 562.0 M | |
| Net Income From Continuing Operations | $ 563.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.85 | |
| EPS Actual | $ 4.06 | |
| EPS Difference | $ 0.21 | |
| EPS Surprise | 5.455 % | |
| Forward EPS | $ 4.08 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 18.8 B | |
| Intangible Assets | $ 9.9 B | |
| Net Tangible Assets | $ -7.58 B | |
| Total Current Assets | $ 5.8 B | |
| Cash and Short-Term Investments | $ 894.0 M | |
| Cash | $ 894.0 M | |
| Net Receivables | $ 2.0 B | |
| Inventory | $ 943.0 M | |
| Long-Term Investments | $ 96.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.1 B | |
| Short-Term Debt | $ 928.0 M | |
| Total Current Liabilities | $ 5.7 B | |
| Net Debt | $ 8.4 B | |
| Total Debt | $ 9.9 B | |
| Total Liabilities | $ 16.5 B | |
| EQUITY | ||
| Total Equity | $ 2.3 B | |
| Retained Earnings | $ 2.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 13.96 | |
| Shares Outstanding | 166.700 M | |
| Revenue Per-Share | $ 18.05 | |
| VALUATION | Market Capitalization | $ 75.2 B |
| Enterprise Value | $ 84.3 B | |
| Enterprise Multiple | 89.36 | |
| Enterprise Multiple QoQ | -4.84 % | |
| Enterprise Multiple YoY | 4.747 % | |
| Enterprise Multiple IPRWA | high: 162.207 MSI: 89.36 median: 68.592 mean: 67.447 low: -11.362 |
|
| EV/R | 28.005 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 8.079 | |
| Asset To Liability | 1.142 | |
| Debt To Capital | 0.81 | |
| Debt To Assets | 0.529 | |
| Debt To Assets QoQ | 4.109 % | |
| Debt To Assets YoY | 2180.155 % | |
| Debt To Assets IPRWA | high: 0.533 MSI: 0.529 median: 0.228 mean: 0.217 low: 0.024 |
|
| Debt To Equity | 4.27 | |
| Debt To Equity QoQ | 0.854 % | |
| Debt To Equity YoY | 1658.31 % | |
| Debt To Equity IPRWA | MSI: 4.27 high: 1.722 median: 0.569 mean: 0.556 low: 0.034 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 32.327 | |
| Price To Book QoQ | -13.411 % | |
| Price To Book YoY | -41.89 % | |
| Price To Book IPRWA | MSI: 32.327 high: 21.237 mean: 7.627 median: 5.604 low: -1.369 |
|
| Price To Earnings (P/E) | 111.147 | |
| Price To Earnings QoQ | -6.321 % | |
| Price To Earnings YoY | -5.948 % | |
| Price To Earnings IPRWA | high: 260.287 MSI: 111.147 mean: 110.098 median: 55.548 low: -73.826 |
|
| PE/G Ratio | 8.098 | |
| Price To Sales (P/S) | 25.0 | |
| Price To Sales QoQ | -5.918 % | |
| Price To Sales YoY | -5.445 % | |
| Price To Sales IPRWA | high: 53.135 MSI: 25.0 median: 17.892 mean: 17.624 low: 0.045 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 111.533 | |
| Forward PE/G | 8.126 | |
| Forward P/S | 82.634 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.162 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.171 | |
| Asset Turnover Ratio QoQ | -4.669 % | |
| Asset Turnover Ratio YoY | -16.585 % | |
| Asset Turnover Ratio IPRWA | high: 0.496 MSI: 0.171 mean: 0.158 median: 0.126 low: 0.057 |
|
| Receivables Turnover | 1.555 | |
| Receivables Turnover Ratio QoQ | 1.851 % | |
| Receivables Turnover Ratio YoY | 0.604 % | |
| Receivables Turnover Ratio IPRWA | high: 5.092 mean: 2.001 median: 1.778 MSI: 1.555 low: 0.595 |
|
| Inventory Turnover | 1.613 | |
| Inventory Turnover Ratio QoQ | 1.056 % | |
| Inventory Turnover Ratio YoY | -3.774 % | |
| Inventory Turnover Ratio IPRWA | high: 3.69 MSI: 1.613 mean: 1.167 median: 1.079 low: 0.006 |
|
| Days Sales Outstanding (DSO) | 58.68 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 45.047 | |
| Cash Conversion Cycle Days QoQ | -0.261 % | |
| Cash Conversion Cycle Days YoY | 3.989 % | |
| Cash Conversion Cycle Days IPRWA | high: 366.812 mean: 116.626 median: 52.2 MSI: 45.047 low: -92.54 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 19.796 | |
| CapEx To Revenue | -0.022 | |
| CapEx To Depreciation | -1.347 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.7 B | |
| Net Invested Capital | $ 11.7 B | |
| Invested Capital | $ 11.7 B | |
| Net Tangible Assets | $ -7.58 B | |
| Net Working Capital | $ 152.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.158 | |
| Current Ratio | 1.027 | |
| Current Ratio QoQ | -40.577 % | |
| Current Ratio YoY | -17.523 % | |
| Current Ratio IPRWA | high: 5.423 mean: 1.842 median: 1.171 MSI: 1.027 low: 0.722 |
|
| Quick Ratio | 0.86 | |
| Quick Ratio QoQ | -43.966 % | |
| Quick Ratio YoY | -19.613 % | |
| Quick Ratio IPRWA | high: 4.274 mean: 1.514 median: 0.908 MSI: 0.86 low: 0.497 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.537 | |
| Cost Of Debt | 0.88 % | |
| Interest Coverage Ratio | 8.039 | |
| Interest Coverage Ratio QoQ | -24.0 % | |
| Interest Coverage Ratio YoY | -23.589 % | |
| Interest Coverage Ratio IPRWA | high: 82.251 mean: 21.665 median: 8.583 MSI: 8.039 low: -72.333 |
|
| Operating Cash Flow Ratio | 0.084 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 74.512 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.088 | |
| Dividend Payout Ratio | 0.324 | |
| Dividend Rate | $ 1.09 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 14.544 % | |
| Revenue Growth | 8.825 % | |
| Revenue Growth QoQ | -5.867 % | |
| Revenue Growth YoY | 43.17 % | |
| Revenue Growth IPRWA | high: 44.897 % MSI: 8.825 % mean: 4.268 % median: 3.703 % low: -31.668 % |
|
| Earnings Growth | 13.725 % | |
| Earnings Growth QoQ | 11.913 % | |
| Earnings Growth YoY | -11.061 % | |
| Earnings Growth IPRWA | high: 125.0 % MSI: 13.725 % mean: 10.804 % median: 2.857 % low: -78.571 % |
|
| MARGINS | ||
| Gross Margin | 51.645 % | |
| Gross Margin QoQ | 1.061 % | |
| Gross Margin YoY | 0.551 % | |
| Gross Margin IPRWA | high: 88.028 % median: 60.607 % mean: 57.519 % MSI: 51.645 % low: 6.723 % |
|
| EBIT Margin | 27.517 % | |
| EBIT Margin QoQ | 1.311 % | |
| EBIT Margin YoY | -0.036 % | |
| EBIT Margin IPRWA | high: 52.219 % MSI: 27.517 % mean: 27.26 % median: 18.66 % low: -25.54 % |
|
| Return On Sales (ROS) | 25.457 % | |
| Return On Sales QoQ | 1.572 % | |
| Return On Sales YoY | -7.52 % | |
| Return On Sales IPRWA | high: 46.033 % mean: 26.413 % MSI: 25.457 % median: 18.046 % low: -26.82 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 732.0 M | |
| Free Cash Flow Yield | 0.973 % | |
| Free Cash Flow Yield QoQ | 217.974 % | |
| Free Cash Flow Yield YoY | 2.206 % | |
| Free Cash Flow Yield IPRWA | high: 7.425 % median: 1.53 % mean: 1.326 % MSI: 0.973 % low: -8.162 % |
|
| Free Cash Growth | 225.333 % | |
| Free Cash Growth QoQ | -529.771 % | |
| Free Cash Growth YoY | -57.225 % | |
| Free Cash Growth IPRWA | high: 387.5 % MSI: 225.333 % mean: 27.923 % median: 5.822 % low: -667.257 % |
|
| Free Cash To Net Income | 1.302 | |
| Cash Flow Margin | 15.786 % | |
| Cash Flow To Earnings | 0.845 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.192 % | |
| Return On Assets QoQ | -4.029 % | |
| Return On Assets YoY | -22.656 % | |
| Return On Assets IPRWA | high: 4.933 % MSI: 3.192 % mean: 2.802 % median: 1.696 % low: -4.587 % |
|
| Return On Capital Employed (ROCE) | 6.301 % | |
| Return On Equity (ROE) | 0.242 | |
| Return On Equity QoQ | -7.35 % | |
| Return On Equity YoY | -43.017 % | |
| Return On Equity IPRWA | high: 0.251 MSI: 0.242 mean: 0.067 median: 0.021 low: -0.186 |
|
| DuPont ROE | 26.169 % | |
| Return On Invested Capital (ROIC) | 5.536 % | |
| Return On Invested Capital QoQ | -5.593 % | |
| Return On Invested Capital YoY | -109.629 % | |
| Return On Invested Capital IPRWA | high: 8.517 % MSI: 5.536 % mean: 4.419 % median: 3.009 % low: -7.355 % |
|