Stock Analysis on Net
Stock Analysis on Net

Motorola Solutions Inc. (NYSE:MSI)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Common-Size Income Statement 
Quarterly Data

Motorola Solutions Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Net sales from products 59.47 58.81 61.48 58.29 56.14 56.38 61.73 60.64 56.64 55.29 58.84 57.95 55.50 52.23 56.40 55.89 54.20 53.41 62.58 59.98 60.11 57.03
Net sales from services 40.53 41.19 38.52 41.71 43.86 43.62 38.27 39.36 43.36 44.71 41.16 42.05 44.50 47.77 43.60 44.11 45.80 46.59 37.42 40.02 39.89 42.97
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of products sales -24.85 -25.12 -25.32 -25.74 -26.47 -26.53 -27.74 -27.77 -29.77 -28.96 -25.69 -26.53 -25.93 -24.70 -25.30 -26.07 -25.53 -23.99 -25.84 -25.13 -26.34 -26.80
Costs of services sales -24.20 -24.99 -23.60 -24.18 -24.05 -25.29 -22.35 -28.78 -23.97 -25.74 -23.32 -23.87 -25.77 -26.79 -24.29 -25.27 -27.13 -28.46 -22.81 -24.37 -23.60 -26.55
Costs of sales -49.05% -50.10% -48.91% -49.92% -50.52% -51.82% -50.09% -56.55% -53.74% -54.70% -49.01% -50.40% -51.70% -51.49% -49.58% -51.34% -52.66% -52.45% -48.65% -49.50% -49.95% -53.35%
Gross margin 50.95% 49.90% 51.09% 50.08% 49.48% 48.18% 49.91% 43.45% 46.26% 45.30% 50.99% 49.60% 48.30% 48.51% 50.42% 48.66% 47.34% 47.55% 51.35% 50.50% 50.05% 46.65%
Selling, general and administrative expenses -16.36 -16.62 -14.85 -14.87 -16.23 -16.95 -13.96 -15.93 -16.64 -17.86 -15.86 -16.66 -16.79 -17.09 -15.05 -16.76 -18.36 -20.60 -15.40 -18.00 -18.87 -19.73
Research and development expenditures -8.37 -9.13 -7.65 -8.41 -8.95 -9.67 -7.50 -8.30 -8.93 -9.94 -8.19 -8.69 -9.18 -10.15 -8.01 -9.37 -9.95 -10.15 -7.70 -8.63 -9.14 -9.78
Other charges -1.71 -2.43 -2.67 -1.80 -2.75 -3.18 -2.92 -3.50 -3.97 -4.86 -3.32 -2.85 -3.55 -4.46 -2.99 -3.69 -5.56 -1.15 -3.41 -3.16 -3.28 -3.32
Operating earnings 24.51% 21.72% 25.91% 25.00% 21.56% 18.38% 25.53% 15.72% 16.73% 12.63% 23.62% 21.40% 18.77% 16.81% 24.37% 18.84% 13.47% 15.65% 24.83% 20.71% 18.76% 13.82%
Interest expense, net -2.63 -1.84 -1.83 -2.07 -2.37 -2.49 -1.99 -2.53 -2.62 -2.96 -2.33 -2.66 -2.23 -3.05 -2.29 -3.10 -3.58 -3.14 -2.31 -2.71 -3.01 -3.32
Gain (loss) on sales of investments and businesses, net 0.00 0.00 0.00 -0.04 0.00 0.05 0.00 0.04 0.00 0.11 0.04 0.00 0.00 0.00 -0.04 -0.05 0.00 0.00 0.04 0.00 0.16 0.06
Other, net 0.19 -23.65 0.81 0.27 1.08 0.55 0.96 0.80 -0.09 1.80 0.99 0.47 0.71 2.54 0.97 -2.25 0.99 1.03 -14.44 -0.55 -1.13 0.60
Other expense -2.44% -25.49% -1.02% -1.84% -1.29% -1.89% -1.03% -1.69% -2.71% -1.06% -1.29% -2.18% -1.52% -0.51% -1.36% -5.41% -2.60% -2.11% -16.71% -3.26% -3.98% -2.66%
Net earnings (loss) before income taxes 22.07% -3.77% 24.89% 23.16% 20.27% 16.49% 24.49% 14.03% 14.02% 11.58% 22.33% 19.22% 17.25% 16.30% 23.01% 13.44% 10.88% 13.53% 8.12% 17.45% 14.78% 11.16%
Income tax (expense) benefit -5.14 2.18 -3.93 -4.97 -4.74 -3.64 -2.70 -2.23 -3.32 2.59 -4.96 -4.60 -2.33 -2.48 -4.84 -2.41 -2.47 -1.57 2.10 -4.01 -3.60 -1.99
Net earnings (loss) 16.93% -1.59% 20.96% 18.19% 15.52% 12.85% 21.80% 11.80% 10.70% 14.16% 17.37% 14.62% 14.92% 13.82% 18.17% 11.03% 8.41% 11.96% 10.23% 13.44% 11.18% 9.17%
Earnings attributable to non-controlling interests -0.08 -0.04 -0.04 -0.04 -0.08 -0.05 -0.04 -0.04 -0.05 -0.05 -0.09 -0.05 -0.05 -0.06 -0.04 -0.05 -0.06 -0.06 0.00 -0.05 -0.05 -0.06
Net earnings (loss) attributable to Motorola Solutions, Inc. 16.86% -1.63% 20.93% 18.15% 15.44% 12.81% 21.76% 11.76% 10.65% 14.11% 17.28% 14.57% 14.87% 13.76% 18.13% 10.97% 8.34% 11.90% 10.23% 13.39% 11.13% 9.11%

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Income statement item Description The company
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Motorola Solutions Inc. operating earnings as a percentage of net sales decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
Net earnings (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Motorola Solutions Inc. net earnings (loss) before income taxes as a percentage of net sales decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
Net earnings (loss) attributable to Motorola Solutions, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Motorola Solutions Inc. net earnings (loss) attributable to Motorola Solutions, Inc. as a percentage of net sales decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.