PerpEquities

Equity · Technology

Is Motorola Solutions (MSI) tradable as a perp? Not yet

Motorola Solutions provides critical communication and data analysis for public safety and commercial customers, with segments in products/systems integration and software/services.

Not yet listed on any perp exchange

No perpetual-futures venue lists MSI yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 2m ago
Market cap
$76.1B
Updated 2m ago
Revenue
$12.2B
Trailing 12 months
Revenue growth
+11%
Next fiscal year
Profit margin
+17.4%
P/E
35.7
Peer P/E 43.1
Free cash flow
$2.7B
Trailing 12 months
More metrics
Net income
$2.1B
Trailing 12 months
P/S
6.2
Peer P/E
43.1
Similar listed perps
Revenue estimate
$13B
Next fiscal year
Earnings
2026-10-29
Revenue est. $3.3B · Updated 2m ago
Dividend
$1.21
2026-09-16

Fundamental detail

Annual + quarterly
Latest revenue$11.7B
Net margin+18.4%
Free cash flow$2.6B
Net debt$8.6B
2020$7.4B
2021$8.2B
2022$9.1B
2023$10B
2024$10.8B
2025$11.7B
PeriodRevenueGrowthNet incomeFCF
2020$7.4B-6%$949M$1.4B
2021$8.2B+10%$1.2B$1.6B
2022$9.1B+12%$1.4B$1.6B
2023$10B+10%$1.7B$1.8B
2024$10.8B+8%$1.6B$2.1B
2025$11.7B+8%$2.2B$2.6B
PeriodGross marginOperating marginNet marginROEROA
2020+48.7%+18.7%+12.8%-170.1%+8.7%
2021+49.4%+20.4%+15.2%-3,112.5%+10.2%
2022+46.4%+18.2%+15.0%+1,175.0%+10.6%
2023+49.8%+23.0%+17.1%+236.0%+12.8%
2024+51.0%+24.8%+14.6%+92.6%+10.8%
2025+50.2%+25.1%+18.4%+89.4%+11.1%
PeriodCashDebtNet debtCurrent ratio
2020$1.3B$5.7B$4.4B1.24
2021$1.9B$6.1B$4.3B1.33
2022$1.3B$6.6B$5.2B1.15
2023$1.7B$6.6B$4.8B1.00
2024$2.1B$6.6B$4.4B1.28
2025$1.2B$9.8B$8.6B1.04
PeriodMarket capEnterprise valueP/SP/E
2020$28.9B$33.4B3.930.5
2021$46B$50.2B5.636.9
2022$43.2B$48.4B4.731.7
2023$52.3B$57.1B5.230.6
2024$77.1B$81.5B7.148.9
2025$63.7B$72.3B5.529.6
Q3 2024$2.8B
Q4 2024$3B
Q1 2025$2.5B
Q2 2025$2.8B
Q3 2025$3B
Q4 2025$3.4B
Q1 2026$2.7B
Q2 2026$3.1B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2.8B+9%$562M$702M
Q4 2024$3B+6%$611M$984M
Q1 2025$2.5B+6%$430M$473M
Q2 2025$2.8B+5%$513M$225M
Q3 2025$3B+8%$562M$732M
Q4 2025$3.4B+12%$649M$1.1B
Q1 2026$2.7B+7%$366M$389M
Q2 2026$3.1B+13%$557M$414M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+51.4%+25.5%+20.1%+42.4%+4.0%
Q4 2024+51.4%+27.0%+20.3%+35.9%+4.2%
Q1 2025+51.4%+23.0%+17.0%+26.2%+3.0%
Q2 2025+51.1%+25.0%+18.6%+26.1%+3.1%
Q3 2025+49.9%+26.0%+18.7%+24.2%+3.0%
Q4 2025+48.7%+26.0%+19.2%+26.9%+3.3%
Q1 2026+47.4%+21.9%+13.5%+14.4%+1.9%
Q2 2026+53.6%+25.8%+17.8%+20.8%+2.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.4B$6.6B$5.2B1.25
Q4 2024$2.1B$6.6B$4.4B1.28
Q1 2025$1.6B$6.5B$5B1.20
Q2 2025$3.2B$8.3B$5.1B1.73
Q3 2025$894M$9.9B$9B1.01
Q4 2025$1.2B$9.8B$8.6B1.04
Q1 2026$886M$9.6B$8.7B1.06
Q2 2026$710M$9.6B$8.9B1.10
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$74.6B$79.8B26.733.2
Q4 2024$77.2B$81.7B25.731.6
Q1 2025$72.3B$77.2B28.642.0
Q2 2025$69.8B$75B25.334.0
Q3 2025$76.1B$85.1B25.333.9
Q4 2025$63.7B$72.3B18.824.6
Q1 2026$72.8B$81.5B26.849.7
Q2 2026$70.1B$79B22.431.4

Refreshed 2m ago

Charts: revenue, profit, cash flow & valuation
Revenue$3.1BQ2 2026
$845M$1.7B$2.5B$3.4BQ3 2023: $2.6BQ4 2023: $2.8BQ1 2024: $2.4BQ2 2024: $2.6BQ3 2024: $2.8BQ4 2024: $3BQ1 2025: $2.5BQ2 2025: $2.8BQ3 2025: $3BQ4 2025: $3.4BQ1 2026: $2.7BQ2 2026: $3.1BQ3 2023Q2 2026
Net income$557MQ2 2026
$133M$305M$477M$649MQ3 2023: $464MQ4 2023: $596MQ1 2024: -$39MQ2 2024: $443MQ3 2024: $562MQ4 2024: $611MQ1 2025: $430MQ2 2025: $513MQ3 2025: $562MQ4 2025: $649MQ1 2026: $366MQ2 2026: $557MQ3 2023Q2 2026
EBITDA$999MQ2 2026
$284.8M$569.5M$854.3M$1.1BQ3 2023: $738MQ4 2023: $878MQ1 2024: $54MQ2 2024: $750MQ3 2024: $852MQ4 2024: $948MQ1 2025: $697MQ2 2025: $837MQ3 2025: $956MQ4 2025: $1.1BQ1 2026: $709MQ2 2026: $999MQ3 2023Q2 2026
Free cash flow$414MQ2 2026
$291M$582M$873M$1.2BQ3 2023: $649MQ4 2023: $1.2BQ1 2024: $336MQ2 2024: $112MQ3 2024: $702MQ4 2024: $984MQ1 2025: $473MQ2 2025: $225MQ3 2025: $732MQ4 2025: $1.1BQ1 2026: $389MQ2 2026: $414MQ3 2023Q2 2026
EPS$3.33Q2 2026
$0.79$1.82$2.84$3.86Q3 2023: $2.7Q4 2023: $3.47Q1 2024: -$0.23Q2 2024: $2.6Q3 2024: $3.29Q4 2024: $3.56Q1 2025: $2.53Q2 2025: $3.04Q3 2025: $3.33Q4 2025: $3.86Q1 2026: $2.18Q2 2026: $3.33Q3 2023Q2 2026
Cash / Debt$710MQ2 2026
$2.5B$5B$7.5B$9.9BQ3 2023 · Cash: $910MQ3 2023 · Debt: $6.5BQ4 2023 · Cash: $1.7BQ4 2023 · Debt: $6.6BQ1 2024 · Cash: $1.5BQ1 2024 · Debt: $6.9BQ2 2024 · Cash: $1.4BQ2 2024 · Debt: $6.9BQ3 2024 · Cash: $1.4BQ3 2024 · Debt: $6.6BQ4 2024 · Cash: $2.1BQ4 2024 · Debt: $6.6BQ1 2025 · Cash: $1.6BQ1 2025 · Debt: $6.5BQ2 2025 · Cash: $3.2BQ2 2025 · Debt: $8.3BQ3 2025 · Cash: $894MQ3 2025 · Debt: $9.9BQ4 2025 · Cash: $1.2BQ4 2025 · Debt: $9.8BQ1 2026 · Cash: $886MQ1 2026 · Debt: $9.6BQ2 2026 · Cash: $710MQ2 2026 · Debt: $9.6BQ3 2023Q2 2026
CashDebt
Profitability+53.6%Q2 2026
+12.2%+26.0%+39.8%+53.6%Q3 2023 · Gross margin: +50.1%Q4 2023 · Gross margin: +51.1%Q1 2024 · Gross margin: +49.9%Q2 2024 · Gross margin: +51.0%Q3 2024 · Gross margin: +51.4%Q4 2024 · Gross margin: +51.4%Q1 2025 · Gross margin: +51.4%Q2 2025 · Gross margin: +51.1%Q3 2025 · Gross margin: +49.9%Q4 2025 · Gross margin: +48.7%Q1 2026 · Gross margin: +47.4%Q2 2026 · Gross margin: +53.6%Q3 2023 · Operating margin: +25.0%Q4 2023 · Operating margin: +25.9%Q1 2024 · Operating margin: +21.7%Q2 2024 · Operating margin: +24.5%Q3 2024 · Operating margin: +25.5%Q4 2024 · Operating margin: +27.0%Q1 2025 · Operating margin: +23.0%Q2 2025 · Operating margin: +25.0%Q3 2025 · Operating margin: +26.0%Q4 2025 · Operating margin: +26.0%Q1 2026 · Operating margin: +21.9%Q2 2026 · Operating margin: +25.8%Q3 2023 · Net margin: +18.2%Q4 2023 · Net margin: +20.9%Q1 2024 · Net margin: -1.6%Q2 2024 · Net margin: +16.9%Q3 2024 · Net margin: +20.1%Q4 2024 · Net margin: +20.3%Q1 2025 · Net margin: +17.0%Q2 2025 · Net margin: +18.6%Q3 2025 · Net margin: +18.7%Q4 2025 · Net margin: +19.2%Q1 2026 · Net margin: +13.5%Q2 2026 · Net margin: +17.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+13.3%Q2 2026
+3.3%+6.7%+10.0%+13.3%Q3 2024: +9.2%Q4 2024: +5.7%Q1 2025: +5.8%Q2 2025: +5.2%Q3 2025: +7.8%Q4 2025: +12.3%Q1 2026: +7.4%Q2 2026: +13.3%Q3 2023Q2 2026
Shares outstanding167.2MQ2 2026
42.9M85.9M128.8M171.7MQ3 2023: 171.7MQ4 2023: 171.5MQ1 2024: 166.3MQ2 2024: 170.3MQ3 2024: 170.9MQ4 2024: 170.8MQ1 2025: 169.8MQ2 2025: 168.8MQ3 2025: 169MQ4 2025: 168.1MQ1 2026: 168MQ2 2026: 167.2MQ3 2023Q2 2026
Valuation31.4Q2 2026
-277.0-168.1-59.249.7Q3 2023 · P/E: 24.5Q4 2023 · P/E: 21.9Q1 2024 · P/E: -385.8Q2 2024 · P/E: 36.4Q3 2024 · P/E: 33.2Q4 2024 · P/E: 31.6Q1 2025 · P/E: 42.0Q2 2025 · P/E: 34.0Q3 2025 · P/E: 33.9Q4 2025 · P/E: 24.6Q1 2026 · P/E: 49.7Q2 2026 · P/E: 31.4Q3 2023 · P/S: 17.8Q4 2023 · P/S: 18.3Q1 2024 · P/S: 24.7Q2 2024 · P/S: 24.5Q3 2024 · P/S: 26.7Q4 2024 · P/S: 25.7Q1 2025 · P/S: 28.6Q2 2025 · P/S: 25.3Q3 2025 · P/S: 25.3Q4 2025 · P/S: 18.8Q1 2026 · P/S: 26.8Q2 2026 · P/S: 22.4Q3 2023Q2 2026
P/EP/S
Revenue$11.7B2025
$2.9B$5.8B$8.8B$11.7B2018: $7.3B2019: $7.9B2020: $7.4B2021: $8.2B2022: $9.1B2023: $10B2024: $10.8B2025: $11.7B20182025
Net income$2.2B2025
$538.5M$1.1B$1.6B$2.2B2018: $966M2019: $868M2020: $949M2021: $1.2B2022: $1.4B2023: $1.7B2024: $1.6B2025: $2.2B20182025
EBITDA$3.5B2025
$881.3M$1.8B$2.6B$3.5B2018: $1.7B2019: $1.6B2020: $1.8B2021: $2.2B2022: $2.2B2023: $2.8B2024: $2.6B2025: $3.5B20182025
Free cash flow$2.6B2025
$643M$1.3B$1.9B$2.6B2018: $878M2019: $1.6B2020: $1.4B2021: $1.6B2022: $1.6B2023: $1.8B2024: $2.1B2025: $2.6B20182025
EPS$12.82025
$3.19$6.38$9.57$12.82018: $5.622019: $4.942020: $5.452021: $7.172022: $7.932023: $9.932024: $9.232025: $12.820182025
Cash / Debt$1.2B2025
$2.4B$4.9B$7.3B$9.8B2018 · Cash: $1.2B2018 · Debt: $5.3B2019 · Cash: $1B2019 · Debt: $5.7B2020 · Cash: $1.3B2020 · Debt: $5.7B2021 · Cash: $1.9B2021 · Debt: $6.1B2022 · Cash: $1.3B2022 · Debt: $6.6B2023 · Cash: $1.7B2023 · Debt: $6.6B2024 · Cash: $2.1B2024 · Debt: $6.6B2025 · Cash: $1.2B2025 · Debt: $9.8B20182025
CashDebt
Profitability+50.2%2025
+12.7%+25.5%+38.2%+51.0%2018 · Gross margin: +47.4%2019 · Gross margin: +49.8%2020 · Gross margin: +48.7%2021 · Gross margin: +49.4%2022 · Gross margin: +46.4%2023 · Gross margin: +49.8%2024 · Gross margin: +51.0%2025 · Gross margin: +50.2%2018 · Operating margin: +17.1%2019 · Operating margin: +20.0%2020 · Operating margin: +18.7%2021 · Operating margin: +20.4%2022 · Operating margin: +18.2%2023 · Operating margin: +23.0%2024 · Operating margin: +24.8%2025 · Operating margin: +25.1%2018 · Net margin: +13.2%2019 · Net margin: +11.0%2020 · Net margin: +12.8%2021 · Net margin: +15.2%2022 · Net margin: +15.0%2023 · Net margin: +17.1%2024 · Net margin: +14.6%2025 · Net margin: +18.4%20182025
Gross marginOperating marginNet margin
Revenue growth+8.0%2025
-1.6%+2.8%+7.1%+11.5%2019: +7.4%2020: -6.0%2021: +10.2%2022: +11.5%2023: +9.5%2024: +8.4%2025: +8.0%20182025
Shares outstanding168.1M2025
43.9M87.8M131.7M175.6M2018: 172M2019: 175.6M2020: 174.1M2021: 173.6M2022: 171.9M2023: 172.1M2024: 170.8M2025: 168.1M20182025
Valuation29.62025
12.224.536.748.92018 · P/E: 20.52019 · P/E: 30.92020 · P/E: 30.52021 · P/E: 36.92022 · P/E: 31.72023 · P/E: 30.62024 · P/E: 48.92025 · P/E: 29.62018 · P/S: 2.72019 · P/S: 3.42020 · P/S: 3.92021 · P/S: 5.62022 · P/S: 4.72023 · P/S: 5.22024 · P/S: 7.12025 · P/S: 5.520182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202617.71$13B+11%5
FY 202719.17$13.8B+18%5
FY 202821.14$14.7B+25%3
Q2 20273.73$3B-4%2
Q3 20274.49$3.3B+10%2
Q4 20274.94$3.5B+2%2

Company events

6
2026-10-29EarningsActual - / Estimate 4.41-
2026-09-16Dividend$1.21-
2026-08-05EarningsActual 4.41 / Estimate 3.85Beat
2026-06-17Dividend$1.21-
2026-05-07EarningsActual 3.37 / Estimate 3.24Beat
2026-03-20Dividend$1.21-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
CDNS$77.9B13.355.9+23.6%2SNPS$73.7B7.866.8+11.4%2LITE$72.4B24.0-10.0-230.1%25HPE$80.4B1.930.2+6.6%14DDOG$81.8B20.6462.4+4.5%13INTU$82.9B3.918.3+21.3%4SMIC$84B8.0145.2+9.9%5XIAOMI$87B1.317.8+7.5%10

Analyst track record

How the analysts covering MSI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings64159
Analysts1214
Buy / hold / sell59 / 5 / 0142 / 17 / 0
Upgrades / downgrades / initiations3 / 0 / 24 / 0 / 7
Price targets hit / missed4 / 47 (8%)43 / 91 (32%)
Avg. return after a rating (TipRanks)-9.1%-0.3%
Best / worst call+5.4% / -16.4%+39.3% / -23.4%

After buy calls on this stock: median 21-day move +2.3% vs S&P 500 +0.8% (n = 140)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Tomer ZilbermanBank of America Securities64% hit rate on this stock · 11 targets measuredBuyno targetAug 6, 2026
  2. Joseph CardosoJ.P. Morgan56% hit rate on this stock · 9 targets measuredBuytarget $545Aug 6, 2026
  3. Amit DaryananiEvercore ISI45% hit rate on this stock · 11 targets measuredBuytarget $550Aug 26, 2026

Latest ratings

DateAnalystCallTarget
Sep 16, 2026Matthew NiknamTruist FinancialBuyMaintained–article ↗
Aug 28, 2026Matthew NiknamTruist FinancialBuyReiterated$550article ↗
Aug 26, 2026Amit DaryananiEvercore ISIBuyMaintained$550article ↗
Aug 11, 2026Matthew NiknamTruist FinancialBuyMaintained$545article ↗
Aug 7, 2026Matthew NiknamTruist FinancialBuyMaintained$545article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$360$380$400$420$440$460$480$500$520Oct 25 · Buy 8 · Hold 3 · Sell 0Oct 25Nov 25 · Buy 7 · Hold 3 · Sell 0Dec 25 · Buy 9 · Hold 2 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 0 · Sell 0Feb 26 · Buy 10 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 10 · Hold 0 · Sell 0Apr 26 · Buy 9 · Hold 0 · Sell 0Apr 26May 26 · Buy 10 · Hold 0 · Sell 0Jun 26 · Buy 10 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 10 · Hold 0 · Sell 0Aug 26 · Buy 11 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 11 · Hold 0 · Sell 0Oct 25 · avg. target $504Nov 25 · avg. target $502Dec 25 · avg. target $492Jan 26 · avg. target $490Feb 26 · avg. target $499Mar 26 · avg. target $502Apr 26 · avg. target $501May 26 · avg. target $510Jun 26 · avg. target $510Jul 26 · avg. target $510Aug 26 · avg. target $528Sep 26 · avg. target $525Oct 25 · month-end close $407Nov 25 · month-end close $370Dec 25 · month-end close $383Jan 26 · month-end close $403Feb 26 · month-end close $482Mar 26 · month-end close $434Apr 26 · month-end close $439May 26 · month-end close $403Jun 26 · month-end close $415Jul 26 · month-end close $436Aug 26 · month-end close $485Sep 26 · month-end close $460

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 64 ratings