Motorola Solutions, Inc.【MSI】
Market cap
$63.6B
P/E ratio
| Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
| Product | - | - | - | - | - | - | - | - | 4,463 | 4,746 | 4,087 | 4,606 | 5,368 | 5,814 | 6,454 |
| Service | - | - | - | - | - | - | - | - | 2,880 | 3,141 | 3,327 | 3,565 | 3,744 | 4,164 | 4,363 |
| Net sales | - | - | - | - | - | - | - | - | 7,343 | 7,887 | 7,414 | 8,171 | 9,112 | 9,978 | 10,817 |
| Product | - | - | - | - | - | - | - | - | 2,035 | 2,049 | 1,872 | 2,104 | 2,595 | 2,591 | 2,674 |
| Service | - | - | - | - | - | - | - | - | 1,828 | 1,907 | 1,934 | 2,027 | 2,288 | 2,417 | 2,631 |
| Costs of sales | - | - | - | - | - | - | - | - | 3,863 | 3,956 | 3,806 | 4,131 | 4,883 | 5,008 | 5,305 |
| Gross margin | 6,898 | 4,146 | 4,348 | 4,241 | 2,831 | 2,719 | 2,869 | 3,024 | 3,480 | 3,931 | 3,608 | 4,040 | 4,229 | 4,970 | 5,512 |
| Selling, General and Administrative Expense | 3,367 | 1,912 | 1,963 | 1,838 | 1,184 | 1,021 | 1,000 | 979 | 1,254 | 1,403 | 1,293 | 1,353 | 1,450 | 1,561 | 1,752 |
| Research and Development Expense | 2,530 | 1,035 | 1,075 | 1,055 | 681 | 620 | 553 | 568 | 637 | 687 | 686 | 734 | 779 | 858 | 917 |
| Other charges | - | - | - | - | - | - | - | - | -334 | -260 | -246 | -286 | -339 | -257 | -155 |
| Operating earnings | 789 | 858 | 1,256 | 1,215 | -1,006 | 994 | 1,067 | 1,282 | 1,255 | 1,581 | 1,383 | 1,667 | 1,661 | 2,294 | 2,688 |
| Interest expense, net | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 227 |
| Gains on sales of investments and businesses, net | - | - | 39 | 40 | 5 | 107 | -6 | 3 | 16 | 5 | -2 | 1 | 3 | - | - |
| Other, net | -29 | -69 | -14 | 3 | -34 | -11 | -12 | -8 | 53 | -365 | 13 | 92 | 77 | 68 | -489 |
| Total other expense | -112 | -120 | -41 | -70 | -155 | -77 | -223 | -206 | -153 | -580 | -209 | -115 | -146 | -148 | -716 |
| Net earnings before income taxes | - | - | - | - | - | - | - | - | 1,102 | 1,001 | 1,174 | 1,552 | 1,515 | 2,146 | 1,972 |
| Income tax expense | 406 | -3 | 337 | 40 | -465 | 274 | 282 | 1,227 | 133 | 130 | 221 | 302 | 148 | 432 | 390 |
| Net earnings | 650 | 1,152 | 881 | 1,105 | 1,300 | 613 | 562 | -151 | 969 | 871 | 953 | 1,250 | 1,367 | 1,714 | 1,582 |
| Less: Earnings attributable to noncontrolling interests | 17 | -6 | - | 6 | 1 | 3 | 2 | 4 | 3 | 3 | 4 | 5 | 4 | 5 | 5 |
| Net earnings attributable to Motorola Solutions, Inc. | 650 | 1,158 | 881 | 1,105 | 1,300 | 613 | 562 | -151 | 969 | 871 | 953 | 1,250 | 1,367 | 1,714 | 1,582 |
| Basic (USD per share) | 1.9 | 3.47 | 3.01 | 4.13 | 5.29 | 3.06 | 3.3 | -0.95 | - | 5.21 | 5.58 | 7.36 | 8.14 | 10.23 | 9.45 |
| Diluted (USD per share) | 1.87 | 3.41 | 2.96 | 4.06 | 5.29 | 3.02 | 3.24 | -0.95 | - | 4.95 | 5.45 | 7.17 | 7.93 | 9.93 | 9.23 |
| Dividends declared per share (USD per share) | - | - | 0.96 | 1.14 | 1.3 | 1.43 | 1.7 | 1.93 | 2.13 | 2.35 | 2.63 | 2.92 | 3.25 | 3.62 | 4.03 |