Motorola Solutions
Motorola Solutions returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jul 4, 2026 | — | 23.8% | — | 91.98% | 11.97% | — |
| FY 2026 Q1 | Apr 4, 2026 | — | 25.45% | — | 99.88% | 12.47% | — |
| FY 2025 Q4 | Dec 31, 2025 | 28.62% | 26.15% | 2.89% | 104.74% | 12.68% | 20.9 pp |
| FY 2025 Q3 | Sep 27, 2025 | 26.49% | 25.56% | 1.08% | 115.85% | 12.95% | 18.8 pp |
| FY 2025 Q2 | Jun 28, 2025 | 35.77% | 27.11% | 14.01% | 152.78% | 14.22% | 28.1 pp |
| FY 2025 Q1 | Mar 29, 2025 | 37.86% | 30.21% | 23.05% | 189.27% | 14.74% | 30.2 pp |
| FY 2024 Q4 | Dec 31, 2024 | 40.43% | 31.37% | 57.69% | 129.95% | 11.29% | 32.7 pp |
| FY 2024 Q3 | Sep 28, 2024 | 37.88% | 31.91% | 74.6% | 185.07% | 11.87% | 30.2 pp |
| FY 2024 Q2 | Jun 29, 2024 | 36.57% | 29.56% | 507.68% | 257.07% | 11.44% | 28.9 pp |
| FY 2024 Q1 | Mar 30, 2024 | 37.59% | 28.26% | 522.35% | 368.74% | 10.84% | 29.9 pp |
| FY 2023 Q4 | Dec 31, 2023 | 37.12% | 28.94% | 143.74% | 406.9% | 13.07% | 29.4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 35.53% | 29.95% | 75.69% | — | 14.15% | 27.8 pp |
| FY 2023 Q2 | Jul 1, 2023 | 31.13% | 24.22% | 38.1% | — | 12.68% | 23.4 pp |
| FY 2023 Q1 | Apr 1, 2023 | 31.09% | 22.55% | 18.78% | — | 11.45% | 23.4 pp |
| FY 2022 Q4 | Dec 31, 2022 | 34.79% | 20.28% | 15.25% | 3,586.84% | 10.9% | 27.1 pp |
| FY 2022 Q3 | Oct 1, 2022 | 30.44% | 19.17% | -4.81% | — | 10.2% | 22.7 pp |
| FY 2022 Q2 | Jul 2, 2022 | 32.23% | 20.19% | 2.5% | — | 10.55% | 24.5 pp |
| FY 2022 Q1 | Apr 2, 2022 | 34.99% | 21.32% | 20.31% | — | 11.49% | 27.3 pp |
| FY 2021 Q4 | Dec 31, 2021 | 37.42% | 21.49% | 52.88% | — | 10.8% | 29.7 pp |
| FY 2021 Q3 | Oct 2, 2021 | 36.54% | 22.26% | 23.7% | — | 11.53% | 28.8 pp |
| FY 2021 Q2 | Jul 3, 2021 | 37.7% | 21.22% | — | — | 10.73% | 30 pp |
| FY 2021 Q1 | Apr 3, 2021 | 34.31% | 20.09% | -501.91% | — | 9.42% | 26.6 pp |
| FY 2020 Q4 | Dec 31, 2020 | 32.9% | 18.96% | — | — | 8.82% | 25.2 pp |
| FY 2020 Q3 | Sep 26, 2020 | 36.91% | 20.62% | 60.21% | — | 7.53% | 29.2 pp |
| FY 2020 Q2 | Jun 27, 2020 | 38.48% | 21.15% | 365.27% | — | 8.29% | 30.8 pp |
| FY 2020 Q1 | Mar 28, 2020 | 42.64% | 23.26% | — | — | 8.84% | 34.9 pp |
| FY 2019 Q4 | Dec 31, 2019 | 44.07% | 23.39% | 42.06% | — | 8.66% | 36.4 pp |
| FY 2019 Q3 | Sep 28, 2019 | 37.11% | 23.94% | — | — | 10.84% | 29.4 pp |
| FY 2019 Q2 | Jun 29, 2019 | 35.69% | 21.26% | — | — | 10.9% | 28 pp |
| FY 2019 Q1 | Mar 30, 2019 | 33.77% | 20.23% | — | — | 10.51% | 26.1 pp |
| FY 2018 Q4 | Dec 31, 2018 | 50.89% | 21.66% | — | — | 10.97% | 43.2 pp |
| FY 2018 Q3 | Sep 29, 2018 | — | 20.94% | — | — | -0.35% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 21.83% | — | — | -0.77% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 21.81% | — | — | -1.34% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 23.16% | — | — | -1.86% | — |
| FY 2017 Q3 | Sep 30, 2017 | 28.17% | 18.76% | 25.54% | — | 7.69% | 20.5 pp |
| FY 2017 Q2 | Jul 1, 2017 | 27.96% | 19.13% | — | — | 7.67% | 20.3 pp |
| FY 2017 Q1 | Apr 1, 2017 | 27% | 17.91% | — | — | 7.2% | 19.3 pp |
| FY 2016 Q4 | Dec 31, 2016 | 30.05% | 17.8% | 13.5% | — | 6.65% | 22.4 pp |
| FY 2016 Q3 | Oct 1, 2016 | 31.78% | 16.86% | — | — | 7.12% | 24.1 pp |
| FY 2016 Q2 | Jul 2, 2016 | 26.64% | 13.89% | — | 92.01% | 5.88% | 18.9 pp |
| FY 2016 Q1 | Apr 2, 2016 | 27.04% | 13.48% | — | 57.04% | 5.99% | 19.3 pp |
| FY 2015 Q4 | Dec 31, 2015 | 30.8% | 13.84% | — | 46.41% | 6.49% | 23.1 pp |
| FY 2015 Q3 | Oct 3, 2015 | — | -11.22% | — | 36.64% | 5.25% | — |
| FY 2015 Q2 | Jul 4, 2015 | — | -10.88% | — | 18.95% | 5.36% | — |
| FY 2015 Q1 | Apr 4, 2015 | — | -12.4% | — | 42.94% | 11.84% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | -11.97% | — | 40.63% | 11.66% | — |
| FY 2014 Q3 | Sep 27, 2014 | 19.91% | 10.09% | -122.76% | 48.96% | 11.88% | 12.2 pp |
| FY 2014 Q2 | Jun 28, 2014 | 24.43% | 11.37% | — | 46.2% | 13.33% | 16.7 pp |
| FY 2014 Q1 | Mar 29, 2014 | 31.05% | 12.78% | — | 30.38% | 8.55% | 23.3 pp |
| FY 2013 Q4 | Dec 31, 2013 | 35.48% | 13.52% | — | 31.74% | 8.96% | 27.8 pp |
| FY 2013 Q3 | Sep 28, 2013 | 31.19% | 13.53% | — | 33.38% | 9.08% | 23.5 pp |
| FY 2013 Q2 | Jun 29, 2013 | 27.11% | 13.24% | — | 29.88% | 8.15% | 19.4 pp |
| FY 2013 Q1 | Mar 30, 2013 | 23.96% | 13.37% | 183.16% | 25.51% | 7.32% | 16.3 pp |
| FY 2012 Q4 | Dec 31, 2012 | 21.08% | 12.91% | — | 20.78% | 6.62% | 13.4 pp |
| FY 2012 Q3 | Sep 29, 2012 | 14.19% | 11.39% | — | 14.62% | 5.44% | 6.5 pp |
| FY 2012 Q2 | Jun 30, 2012 | 13.09% | 10.05% | — | 12.3% | 4.69% | 5.4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 12.1% | 9.08% | — | 15.74% | 5.64% | 4.4 pp |
| FY 2011 Q4 | Dec 31, 2011 | — | 6.36% | — | 14.39% | 5.86% | — |
| FY 2011 Q3 | Oct 1, 2011 | 11.09% | 6.98% | — | 15.32% | 6.23% | 3.4 pp |
| FY 2011 Q2 | Jul 2, 2011 | 8.67% | 6.64% | — | 14.81% | 6.18% | 1 pp |
| FY 2011 Q1 | Apr 2, 2011 | 9.35% | 7.82% | — | 13.06% | 5.07% | 1.7 pp |
| FY 2010 Q4 | Dec 31, 2010 | 3.08% | 4.61% | — | 6.13% | 2.47% | -4.6 pp |
| FY 2010 Q3 | Oct 2, 2010 | 3.76% | 4.77% | — | 4.76% | 1.89% | -3.9 pp |
| FY 2010 Q2 | Jul 3, 2010 | 4.22% | 4.31% | — | 3.92% | 1.54% | -3.5 pp |
| FY 2010 Q1 | Apr 3, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Oct 3, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jul 4, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · MSI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.