Recent News
On Nov. 19, 2025 the company announced the acquisition of Blue Eye, an AI-powered remote video monitoring provider; the deal expands on-premise and managed video capabilities for enterprise customers. On Jan. 12, 2026 Motorola Solutions showcased new on-premise AI detection and Visual Alerts capabilities at Intersec Dubai, highlighting expanded AI analytics and long-range camera solutions for critical industries.
Technical Analysis
ADX at 52.26 indicates a very strong trending environment; a trend this strong increases the probability that near-term moves will follow current direction rather than immediately revert to the mean. That strength amplifies the short-term impact of valuation-driven re-pricing.
Directional indicators show DI+ in a dip-and-reversal and DI- decreasing, a bullish configuration that supports continued upside momentum from a trend-following perspective. This setup aligns with the strong ADX reading and underpins momentum-sensitive positioning.
MACD sits at 14.15 with the signal line at 9.60 and the MACD trend increasing; the MACD currently trading above its signal line confirms bullish momentum and suggests continuation of recent gains unless momentum rolls over.
MRO reads 6.48 and is rising, which implies the market price sits modestly above the model target and therefore carries measurable downside pressure toward reversion. The magnitude indicates limited but tangible mean-reversion potential rather than an extreme overextension.
RSI at 61.22 and rising points to positive momentum without an immediate overbought extreme; combined with price above the 20-, 50- and 200-day averages (price close $457.76 vs. 20-day $422.57, 50-day $392.89, 200-day $420.23) the price structure favors continuation while leaving room for a pullback if selling intensifies.
Price sits above the 1x Bollinger upper band ($445.42) but below the 2x upper ($468.28), signalling strength inside a stretched volatility envelope; that condition supports both further upside extension and a higher conditional risk of a corrective leg back toward the mid-band or moving averages.
Fundamental Analysis
Revenue growth came in strong year-over-year at 43.17%, while quarter-over-quarter revenue dipped by 5.87%. YoY top-line expansion provides a substantive growth base, but the QoQ decline signals near-term timing variability in orders or deliveries.
Non-GAAP EPS of $4.59 beat the $4.35 estimate by $0.24, an upside surprise of 5.52%, showing the company converted revenue into above-consensus per-share results this period. Free cash flow of $732 million and a free cash flow yield of 0.97% remain modest relative to the company’s market value.
Operating margin stands at 25.46% and EBIT margin at 27.52%; EBIT margin sits slightly above the industry peer mean of 27.10%, while operating margin sits marginally below the industry peer mean of 26.25%, indicating broadly competitive profitability given peer benchmarks. Gross margin at 51.65% indicates healthy product/service profitability.
Balance-sheet leverage appears elevated: debt-to-equity runs at 4.27x and debt-to-assets at 52.85%, with net debt of $8.445 billion against a market capitalization of $75.225 billion. Interest coverage near 8.04x provides breathing room on servicing cost, but capital structure remains levered relative to typical peer medians.
Liquidity metrics show a current ratio of 1.03 and a quick ratio of 0.86, both below the industry peer mean current ratio of 1.84 and median quick ratio of 0.91, indicating tighter short-term coverage versus peer averages. Asset turnover at 0.171 sits slightly above the industry peer mean of 0.157, reflecting reasonable revenue generation from asset base.
Valuation context: price-to-earnings at ~111.1, price-to-book ~32.33 and an enterprise-value-to-revenue multiple of ~28.0 place the stock in a premium bracket on multiple fronts. WMDST values the stock as over-valued, a conclusion consistent with high multiples and modest free cash flow yield despite robust margins and strong YoY revenue growth.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2026-02-11 |
| NEXT REPORT DATE: | 2026-05-13 |
| 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 | $ 1.0 B | |
| 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 | $ 4.35 | |
| EPS Actual | $ 4.59 | |
| EPS Difference | $ 0.24 | |
| EPS Surprise | 5.517 % | |
| Forward EPS | $ 4.53 | |
| 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: 67.038 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: 0.22 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: 2.401 median: 0.569 mean: 0.566 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: 7.576 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: 350.333 mean: 111.755 MSI: 111.147 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: 43.745 MSI: 25.0 median: 17.892 mean: 13.25 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: 0.157 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: 3.142 median: 2.071 mean: 2.002 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: 1.177 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: 116.112 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: 1.844 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: 1.516 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: 35.667 mean: 11.005 median: 8.583 MSI: 8.039 low: -29.448 |
|
| 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: 4.22 % 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: 10.403 % 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: 57.35 % 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: 27.099 % 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: 26.248 % 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: 1.329 % 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: 27.823 % 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: 2.778 % 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: 4.389 % median: 3.009 % low: -7.355 % |
|