Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Motorola Solutions, Inc.MSI · business equipment
GradeTortoiseCmiddle fifth of 497 graded peers; percentile 57.1, sampling error 2.2 points; lower is stronger
Rank284 of 497
ProfitabilityCpercentile 50.4
SolvencyCpercentile 56.6
Growth and financingCpercentile 44.6
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $19.4B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone active · fortress balance sheetnot computable: distress
Inputs computable10 of 14
Graded fromfilings received through Feb 12, 2026239 days before the rescan; every figure keyed to the SEC receipt date
Last close$447.002026-10-08; market equity $74.0B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$400$450$500NovDecJanFebMarAprMayJunJulAugSepOctBC$447.12
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/aQ5
Feb 21, 2013D67.2Q5
Mar 21, 2013C/D62.5Q5
Jan 21, 2014C57.0Q5
Mar 21, 2014C/D56.4Q5
Jul 21, 2014D70.0Q5
Feb 21, 2015E99.2Q5
Apr 21, 2016D/E81.5Q5
Sep 21, 2016D76.9Q5
Feb 21, 2017D/E77.1Q5
Feb 21, 2018C/D62.7Q5
Oct 21, 2018D63.2Q5
Nov 21, 2018C/D61.8Q5
Feb 21, 2020B/C41.7Q5
Feb 21, 2021C/D59.4Q5
Jun 21, 2021D63.0Q5
Jul 21, 2021C/D62.8Q5
Sep 21, 2021D62.8Q5
Feb 21, 2022C50.2Q5
Dec 21, 2022B/C42.5Q5
Jan 21, 2023C42.8Q5
Feb 21, 2023D67.7Q5
Feb 21, 2024C54.1Q5
May 21, 2024C/D57.9Q5
Jun 21, 2024C57.1Q5
Jul 21, 2024C/D57.8Q5
Sep 21, 2024C56.6Q5
Feb 21, 2025B30.2Q5
Feb 21, 2026C56.1Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 12, 2026; the document on sec.gov.

Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, government, including defense, and enterprise customers. Our business is focused on safety and security, driven by our commitment to help create safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Grounded in nearly 100 years of close customer and community collaboration, we design and advance technology for more than 100,000 customers in over 100 countries with the goal of making everywhere safer for all.

Warnings [top]

Fortress balance sheet. cash minus debt is 381,000,000 USD; Altman Z is not used[3-4]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 50.4
Gross profitability31.1%[1,5]28.5%41.55582025-12-31
Return on invested capitalnot computable10.9%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio(4.0%)[1,6-8](7.4%)70.26212025-12-31
Gross margin stability, five years1.8 pts[2,5,9-16]2.4 pts39.54292025-12-31
Solvency, sleeve percentile 56.6
Twelve-month failure probabilitynot computable0.05%
liabilities and a nearby cover-page share count are required at 2026-07-04
Altman Z double-primenot computable2.18
one or more required annual facts are missing
Net debt to EBITDAnot computable1.11x
latest aligned inputs end 2011-12-31; latest annual assets end 2025-12-31
Interest coverage8.30x[17-18]3.77x33.7902025-12-31
Current ratio1.04x[19-20]2.02x79.46662025-12-31
Growth and financing, sleeve percentile 44.6
Revenue growth, three-year compound8.6%[2,10,12,14]6.4%43.45382025-12-31
Free cash flow growth, three-year compound18.0%[7,21-27]17.2%49.42682025-12-31
Reinvestment rate(59.3%)[17,19-21,28-32]14.3%72.02262025-12-31
Asset growth, three years14.8%[1,8,33-34]5.0%25.35632025-12-31
Net share issuance, one year(0.8%)[35-36]0.5%32.84072026-02-06

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.012; sampling error 2.2 percentile points on 497 peers.

Among 497 Peers [top]

ABCDENVDA, Nvidia Corp.; A, percentile 3.0; market equity $5.6T; warnings: fortress balance sheetNVDAMSFT, Microsoft Corp.; A, percentile 8.7; market equity $3.9TMSFTAMD, Advanced Micro Devices Inc.; A/B, percentile 20.2; market equity $1.0T; warnings: fortress balance sheetAMDAAPL, Apple Inc.; B, percentile 35.5; market equity $5.0TAAPLMU, Micron Technology Inc.; B/C, percentile 40.9; market equity $1.2TMUAVGO, Broadcom Inc.; C, percentile 53.2; market equity $1.7TAVGOMSI 57.1strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
279Seer, Inc. (SEER)

Seer, Inc. (SEER)

Cmiddle fifth; percentile 56.0

Nasdaq · Laboratory Analytical Instruments

market equity $120.2M; last close $2.17

No active warnings; 7 of 14 inputs

56.0C
280GSI Technology Inc. (GSIT)

GSI Technology Inc. (GSIT)

Cmiddle fifth; percentile 56.2

Nasdaq · Semiconductors & Related Devices

market equity $189.3M; last close $4.92

Warnings: dilution; 8 of 14 inputs

56.2Cdilution
281Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (LITE)

Cmiddle fifth; percentile 56.5

Nasdaq · Communications Equipment, NEC

market equity $94.1B; last close $1,048.15

Warnings: dilution; 10 of 14 inputs

56.5Cdilution
282Rapid7, Inc. (RPD)

Rapid7, Inc. (RPD)

Cmiddle fifth; percentile 56.7

Nasdaq · Services-Prepackaged Software

market equity $873.5M; last close $12.96

No active warnings; 11 of 14 inputs

56.7C
283Knightscope, Inc. (KSCP)

Knightscope, Inc. (KSCP)

Cmiddle fifth; percentile 56.9

Nasdaq · Communications Equipment, NEC

market equity $972,967; last close $0.64

Warnings: short runway, fortress balance sheet; 8 of 14 inputs

56.9Cshort runway, fortress balance sheet
284Motorola Solutions, Inc. (MSI)

Motorola Solutions, Inc. (MSI)

Cmiddle fifth; percentile 57.1

NYSE · Radio & Tv Broadcasting & Communications Equipment

market equity $74.0B; last close $447.00

Warnings: fortress balance sheet; 10 of 14 inputs

57.1Cfortress balance sheet
285Energizer Holdings, Inc. (ENR)

Energizer Holdings, Inc. (ENR)

Cmiddle fifth; percentile 57.3

NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies

market equity $1.5B; last close $21.43

No active warnings; 7 of 14 inputs

57.3C
286Atkore Inc. (ATKR)

Atkore Inc. (ATKR)

Cmiddle fifth; percentile 57.5

NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies

market equity $3.2B; last close $94.86

No active warnings; 12 of 14 inputs

57.5C
287Mesa Laboratories Inc. (MLAB)

Mesa Laboratories Inc. (MLAB)

Cmiddle fifth; percentile 57.7

Nasdaq · Industrial Instruments For Measurement, Display, and Control

market equity $705.4M; last close $126.92

No active warnings; 12 of 14 inputs

57.7C
288Viavi Solutions Inc. (VIAV)

Viavi Solutions Inc. (VIAV)

C/Don the C/D boundary; percentile 57.9

Nasdaq · Semiconductors & Related Devices

market equity $10.9B; last close $44.09

Warnings: fortress balance sheet; 10 of 14 inputs

57.9C/Dfortress balance sheet
289Ss&C Technologies Holdings Inc. (SSNC)

Ss&C Technologies Holdings Inc. (SSNC)

C/Don the C/D boundary; percentile 58.1

Nasdaq · Services-Prepackaged Software

market equity $18.9B; last close $80.69

No active warnings; 11 of 14 inputs

58.1C/D
Peer policyLetterPercentilePeers
all graded filers, equal sleevesC41.42204
sector peers, equal sleeves (the grade)C57.1497
same exchange, equal sleevesB37.9984
sector peers, equal inputsC49.6497

Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month6.8%2.2%54hotter than 54 of 100 peers
Distance from 52-week high(9.0%)(30.0%)80closer to its high than 80 of 100 peers
EBIT to enterprise value4.0%1.5%73pricier than 27 of 100 peers
Free cash flow yield3.5%2.7%57pricier than 43 of 100 peers
Book value to price0.040.2312pricier than 88 of 100 peers
Sales to price0.160.3031pricier than 69 of 100 peers
Composite equity issuance, five years(8.8%)3.9%29more equity-funded than 29 of 100 peers
Relative strength against the sector, log excess return(0.22)(0.26)54ahead of 54 of 100 peers

Inputs: market equity $74.0B; EBIT $3.0B; free cash flow $2.6B; book equity $2.7B; sales $11.7B; debt $1.9B; cash $710.0M[37].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 6 of 9, period end 2025-12-31
Return on assets above zero14.8%✓ pass[6,8]
Operating cash flow above zero$2.8B✓ pass[7]
Return on assets improved2.9 pts✓ pass[6,8,33,38]
Operating cash flow exceeds net income$683.0M✓ pass[6-7]
Long-term leverage fell8.9 pts✗ fail[1,8,33,39-40]
Current ratio improved(24.5 pts)✗ fail[19-20,31-32]
No new shares issued(0.8%)✓ pass[35-36]
Gross margin improved0.7 pts✓ pass[2,5,9-10]
Asset turnover improved(1.1 pts)✗ fail[2,8,10,33]
Cash, filings, liquidity
Cash and equivalents$710.0M[41]
Operating cash flow, four quarters$3.0B[7,41-45]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing65
10-Q received Aug 5, 2026
Median daily dollar volume$377.7M
63 sessions
Days since newest grade input239

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$19.4B2025-12-312026-02-1210-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$11.7B2025-12-312026-02-1210-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$1.9B2011-12-312015-02-1310-Kfiling · viewer · series
4total debtus-gaap:LongTermDebt$1.5B2011-12-312012-02-1510-Kfiling · viewer · series
5gross profitus-gaap:GrossProfit$6.0B2025-12-312026-02-1210-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss$2.2B2025-12-312026-02-1210-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.8B2025-12-312026-02-1210-Kfiling · viewer · series
8assetsus-gaap:Assets$14.6B2024-12-312026-02-1210-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$5.5B2024-12-312026-02-1210-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$10.8B2024-12-312026-02-1210-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$5.0B2023-12-312026-02-1210-Kfiling · viewer · series
12revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$10.0B2023-12-312026-02-1210-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$4.2B2022-12-312025-02-1410-Kfiling · viewer · series
14revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$9.1B2022-12-312025-02-1410-Kfiling · viewer · series
15gross profitus-gaap:GrossProfit$4.0B2021-12-312024-02-1510-Kfiling · viewer · series
16revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$8.2B2021-12-312024-02-1510-Kfiling · viewer · series
17operating incomeus-gaap:OperatingIncomeLoss$3.0B2025-12-312026-02-1210-Kfiling · viewer · series
18interest expenseus-gaap:InterestExpense$360.0M2025-12-312026-02-1210-Kfiling · viewer · series
19current assetsus-gaap:AssetsCurrent$6.3B2025-12-312026-02-1210-Kfiling · viewer · series
20current liabilitiesus-gaap:LiabilitiesCurrent$6.1B2025-12-312026-02-1210-Kfiling · viewer · series
21capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$265.0M2025-12-312026-02-1210-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.4B2024-12-312026-02-1210-Kfiling · viewer · series
23capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$257.0M2024-12-312026-02-1210-Kfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.0B2023-12-312026-02-1210-Kfiling · viewer · series
25capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$253.0M2023-12-312026-02-1210-Kfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.8B2022-12-312025-02-1410-Kfiling · viewer · series
27capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$256.0M2022-12-312025-02-1410-Kfiling · viewer · series
28depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$425.0M2025-12-312026-02-1210-Kfiling · viewer · series
29pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$2.8B2025-12-312026-02-1210-Kfiling · viewer · series
30income taxus-gaap:IncomeTaxExpenseBenefit$652.0M2025-12-312026-02-1210-Kfiling · viewer · series
31current assetsus-gaap:AssetsCurrent$6.5B2024-12-312026-02-1210-Kfiling · viewer · series
32current liabilitiesus-gaap:LiabilitiesCurrent$5.1B2024-12-312026-02-1210-Kfiling · viewer · series
33assetsus-gaap:Assets$13.3B2023-12-312026-02-1210-Kfiling · viewer · series
34assetsus-gaap:Assets$12.8B2022-12-312025-02-1410-Kfiling · viewer · series
35shares outstandingdei:EntityCommonStockSharesOutstanding165,658,9122026-02-062026-02-1210-Kfiling · viewer · series
36shares outstandingdei:EntityCommonStockSharesOutstanding166,936,9522025-02-072025-02-1410-Kfiling · viewer · series
37shares outstandingdei:EntityCommonStockSharesOutstanding165,493,7882026-07-312026-08-0510-Qfiling · viewer · series
38net incomeus-gaap:NetIncomeLoss$1.6B2024-12-312026-02-1210-Kfiling · viewer · series
39long term debtus-gaap:LongTermDebtNoncurrent$8.4B2025-12-312026-02-1210-Kfiling · viewer · series
40long term debtus-gaap:LongTermDebtNoncurrent$5.7B2024-12-312026-02-1210-Kfiling · viewer · series
41cashus-gaap:CashAndCashEquivalentsAtCarryingValue$710.0M2026-07-042026-08-0510-Qfiling · viewer · series
42operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$920.0M2026-07-042026-08-0510-Qfiling · viewer · series
43operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$451.0M2026-04-042026-05-0710-Qfiling · viewer · series
44operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.6B2025-09-272025-10-3010-Qfiling · viewer · series
45operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$783.0M2025-06-282026-08-0510-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 57.1 is 2.9 points from the nearest band edge; sampling error is 2.2 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.