MSI Dividend: Motorola Solutions Inc Yield Insights

Breakdown	TTM	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Revenue	11,313	10,817	9,978	9,112	8,171	7,414
Revenue Growth (YoY)	6%	8%	10%	12%	10%	-6%
Cost of Revenue	5,497	5,305	5,008	4,883	4,131	3,806
Gross Profit	5,816	5,512	4,970	4,229	4,040	3,608
Selling, General & Admin	1,858	1,752	1,561	1,450	1,353	1,293
Research & Development	947	917	858	779	734	686
Operating Expenses	2,988	2,824	2,610	2,483	2,321	2,195
Other Non Operating Income (Expenses)	131	121	104	120	126	83
Pretax Income	2,740	1,972	2,146	1,515	1,552	1,174
Income Tax Expense	617	390	432	148	302	221
Net Income	2,116	1,577	1,709	1,363	1,245	949
Net Income Growth	35%	-8%	25%	9%	31%	9%
Shares Outstanding (Diluted)	169	170.8	172.1	172	174	174
Shares Change (YoY)	-1%	-1%	0%	-1%	0%	-1%
EPS (Diluted)	12.52	9.23	9.93	7.93	7.17	5.45
EPS Growth	37%	-7%	25%	11%	32%	10%
Free Cash Flow	2,414	2,134	1,791	1,567	1,594	1,396
Free Cash Flow Per Share	14.28	12.49	10.4	9.11	9.16	8.02
Gross Margin	51.4%	50.95%	49.8%	46.41%	49.44%	48.66%
Operating Margin	24.99%	24.84%	23.65%	19.16%	21.03%	19.05%
Profit Margin	18.7%	14.57%	17.12%	14.95%	15.23%	12.8%
Free Cash Flow Margin	21.33%	19.72%	17.94%	17.19%	19.5%	18.82%
EBITDA	3,008	2,840	2,537	2,003	1,955	1,628
EBITDA Margin	26.58%	26.25%	25.42%	21.98%	23.92%	21.95%
D&A For EBITDA	180	152	177	257	236	215
EBIT	2,828	2,688	2,360	1,746	1,719	1,413
EBIT Margin	24.99%	24.84%	23.65%	19.16%	21.03%	19.05%
Effective Tax Rate	22.51%	19.77%	20.13%	9.76%	19.45%	18.82%

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