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Motorola Solutions, Inc. MSI International — Change in valuation allowances

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Other financials

Income statement

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Revenue$3.1B+13.3%
Gross profit$1.7B+18.8%
Operating income$809.0M+16.9%
Net income$557.0M+8.6%
EPS (diluted)$3.33+9.5%

Balance sheet

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Cash & equivalents$710.0M-77.9%
Total debt$9.5B+13.7%
Total equity$2.7B+35.8%
Total assets$19.2B+17.2%

Cash flow

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Operating cash flow$469.0M+71.8%
CapEx-$55.0M-215%
Free cash flow$414.0M+84.0%

Valuation

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Market cap$72.73B-1.4%
Enterprise value$81.49B+3.3%
P/E34.1×-0.8×
P/S5.9×-0.7×

Profitability

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Gross margin52%+0.7pp
Operating margin24.9%-0.3pp
Net margin17.4%-1.6pp
FCF margin21.9%+0.4pp

Returns & leverage

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Return on equity92%-60.8pp
Debt / equity3.5×-0.7×
Current ratio1.1×-0.6×

Where this comes from

Reported directly by Motorola Solutions, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount.

The source filing: Motorola Solutions, Inc.’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 4:32 PM EST
Fiscal year
FY2025
Accession
0000068505-26-000010

At December 31, 2025 and December 31, 2024, the Company had valuation allowances of $59 million and $62 million, respectively, against its deferred tax assets, including $40 million and $42 million, respectively, relating to deferred tax assets for non-U.S. subsidiaries. The Company’s U.S. valuation allowance decreased $1 million during 2025 primarily due to the utilization and expiration of state tax attributes. The Company's Non-U.S. valuation allowance decreased $2 million during 2025 primarily due to the expiration of tax attributes. The Company believes that the remaining deferred tax assets are more-likely-than-not to be realizable based on estimates of future taxable income and the implementation of tax planning strategies.

Item 8: Financial Statements and Supplementary Data

FAQ

What is Motorola Solutions, Inc.'s international — change in valuation allowances?
Motorola Solutions, Inc. (MSI) reported international — change in valuation allowances of -$500K in Q4 2025.
How has Motorola Solutions, Inc.'s international — change in valuation allowances changed year-over-year?
Motorola Solutions, Inc.'s international — change in valuation allowances decreased by 0.0% year-over-year, from -$500K to -$500K.
What is the long-term trend for Motorola Solutions, Inc.'s international — change in valuation allowances?
Over 4 years (2021 to 2025), Motorola Solutions, Inc.'s international — change in valuation allowances has grown at a -48.3% compound annual growth rate (CAGR), from -$28M to -$2M.
What does international — change in valuation allowances mean?
This metric tracks the periodic adjustment to the valuation allowance established against deferred tax assets for the international segment. It reflects management's assessment of the likelihood that these tax assets will be realized based on future taxable income and tax planning strategies. Changes in this allowance directly impact the effective tax rate and net income reported for the geographic segment.

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