Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.04B | $6.38B | $7.34B | $7.89B | $7.41B | $8.17B | $9.11B | $9.98B | $10.8B | $11.7B |
| Revenue growth | — | 5.7% | 15.1% | 7.4% | -6.0% | 10.2% | 11.5% | 9.5% | 8.4% | 8.0% |
| Gross profit | $2.87B | $3.02B | $3.48B | $3.93B | $3.61B | $4.04B | $4.23B | $4.97B | $5.51B | $6.04B |
| Gross margin | 47.5% | 47.4% | 47.4% | 49.8% | 48.7% | 49.4% | 46.4% | 49.8% | 51.0% | 51.7% |
| Operating income | $1.05B | $1.28B | $1.25B | $1.58B | $1.38B | $1.67B | $1.66B | $2.29B | $2.69B | $2.99B |
| Operating margin | 17.4% | 20.1% | 17.1% | 20.0% | 18.7% | 20.4% | 18.2% | 23.0% | 24.8% | 25.6% |
| Net income | $560M | -$155M | $966M | $868M | $949M | $1.25B | $1.36B | $1.71B | $1.58B | $2.15B |
| Net margin | 9.3% | -2.4% | 13.2% | 11.0% | 12.8% | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% |
| EPS (diluted) | $3.24 | -$0.95 | $5.62 | $4.95 | $5.45 | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.17B | $1.35B | $1.07B | $1.82B | $1.61B | $1.84B | $1.82B | $2.04B | $2.39B | $2.84B |
| Capital expenditures | $271M | $227M | $197M | $248M | $217M | $243M | $256M | $253M | $257M | $265M |
| Free cash flow | $894M | $1.12B | $878M | $1.57B | $1.40B | $1.59B | $1.57B | $1.79B | $2.13B | $2.57B |
| Share buybacks | $842M | $483M | $132M | $315M | $612M | $528M | $836M | $804M | $244M | $1.15B |
| Dividends paid | $280M | $307M | $337M | $379M | $436M | $482M | $530M | $589M | $654M | $728M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $967M | $1.21B | $1.26B | $1.00B | $1.25B | $1.87B | $1.32B | $1.71B | $2.10B | $1.17B |
| Total assets | $8.46B | $8.21B | $9.41B | $10.6B | $10.9B | $12.2B | $12.8B | $13.3B | $14.6B | $19.4B |
| Long-term debt | $4.39B | $4.42B | $5.29B | $5.11B | $5.16B | $5.69B | $6.01B | $4.71B | $5.67B | $8.41B |
| Shareholders' equity | -$964M | -$1.74B | -$1.29B | -$700M | -$558M | -$40.0M | $116M | $724M | $1.70B | $2.41B |
| Retained earnings | $1.15B | $467M | $1.05B | $1.24B | $1.13B | $1.35B | $1.34B | $1.64B | $2.30B | $2.55B |
| Shares (wtd avg diluted) | 173M | 163M | 172M | 176M | 174M | 174M | 172M | 172M | 171M | 169M |
Every figure is extracted from Motorola Solutions, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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