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Feb 12, 2026·SEC
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Dec 15, 2025·SEC
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Nov 5, 2025·SEC
Zebra Technologies Corporation(ZBRA)Earnings, Financials & Key Ratios
ZBRA•NASDAQ
$228.39
$11.23B mkt cap·27.9× P/E·Price updated May 6, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustryPublic Safety and Mission-Critical Radios
AboutZebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution. It also provides various maintenance, technical support, repair, and managed and professional services; real-time location systems and services; and tags, sensors, exciters, middleware software, and application software; as well as physical inventory management solutions, and rugged tablets and enterprise-grade mobile computing products and accessories. In addition, the company offers barcode scanners, image capture devices, and RFID readers; and workforce management solutions, workflow execution and task management solutions, and prescriptive analytics solutions, as well as communications and collaboration solutions. It also provides services, including maintenance, technical support, repair, managed and professional services; as well as cloud-based software subscriptions and robotics automation solutions. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force, and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.Show more
- Revenue$5.4B+8.3%
- EBITDA$985M+7.8%
- Net Income$419M-20.6%
- EPS (Diluted)8.18-19.6%
- Gross Margin45.94%-5.2%
- EBITDA Margin18.25%-0.5%
- Operating Margin14.83%-0.5%
- Net Margin7.76%-26.7%
- ROE11.68%-26.7%
- ROIC10.6%-1.4%
- Debt/Equity0.78+19.2%
- Interest Coverage7.41+28.8%
ZBRA Key Insights
Zebra Technologies Corporation (ZBRA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 15.4% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ZBRA Price & Volume
Zebra Technologies Corporation (ZBRA) stock price & volume — 10-year historical chart
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ZBRA Growth Metrics
Zebra Technologies Corporation (ZBRA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.99%
5 Years3.94%
3 Years-2.27%
TTM8.33%
Profit CAGR
10 Years-
5 Years-3.63%
3 Years-3.27%
TTM-20.64%
EPS CAGR
10 Years-
5 Years-2.64%
3 Years-2.44%
TTM-19.74%
Return on Capital
10 Years14.08%
5 Years13.86%
3 Years11.2%
Last Year12.39%
ZBRA Recent Earnings
Zebra Technologies Corporation (ZBRA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 12, 2026EPS
$4.33
Est $4.34
-0.2%
Revenue
$1.5B
Est $1.5B
+0.6%
Q4 2025
Oct 28, 2025EPS
$3.88
Est $3.75
+3.5%
Revenue
$1.3B
Est $1.5B
-10.0%
Q3 2025
Aug 5, 2025EPS
$3.61
Est $3.34
+8.1%
Revenue
$1.3B
Est $1.3B
+0.2%
Q2 2025
Apr 29, 2025EPS
$4.02
Est $3.60
+11.7%
Revenue
$1.3B
Est $1.3B
+1.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $4.33vs $4.34-0.2% | $1.5Bvs $1.5B+0.6% |
| Q4 2025 | Oct 28, 2025 | $3.88vs $3.75+3.5% | $1.3Bvs $1.5B-10.0% |
| Q3 2025 | Aug 5, 2025 | $3.61vs $3.34+8.1% | $1.3Bvs $1.3B+0.2% |
| Q2 2025 | Apr 29, 2025 | $4.02vs $3.60+11.7% | $1.3Bvs $1.3B+1.3% |
Based on last 12 quarters of dataView full earnings history →
ZBRA Peer Comparison
Zebra Technologies Corporation (ZBRA) competitors in Public Safety and Mission-Critical Radios — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HON | 132.47B | 209.06 | 28.40 | 7.85% | 11.16% | 23.05% | 4.07% | 2.24 |
 HXL | 7B | 92.86 | 67.78 | -0.48% | 6.09% | 8.35% | 4.39% | 0.79 |
 SAIC | 4.3B | 95.59 | 12.41 | -2.9% | 4.93% | 23.73% | 13.41% | 0.14 |
 TRMB | 16.27B | 68.37 | 39.07 | -2.61% | 11.82% | 7.27% | 0.82% | 0.24 |
 INGR | 6.75B | 107.13 | 9.58 | -2.84% | 10.1% | 17.14% | 7.56% | 0.41 |
 CGNX | 9.86B | 58.83 | 86.51 | 8.73% | 11.33% | 7.39% | 2.4% | 0.05 |
 IPGP | 3.86B | 90.84 | 124.44 | 2.73% | 2.78% | 1.37% | ||
 BLKB | 1.69B | 36.75 | 15.51 | -2.35% | 12.41% | 179% | 15.27% | 13.16 |
Compare ZBRA vs Peers
Zebra Technologies Corporation (ZBRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZBRA Income Statement
Zebra Technologies Corporation (ZBRA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.72B | 4.22B | 4.49B | 4.45B | 5.63B | 5.78B | 4.58B | 4.98B | 5.4B |
| Revenue Growth % | 4.14% | 13.33% | 6.33% | -0.83% | 26.51% | 2.74% | -20.71% | 8.66% | 8.33% |
| Cost of Goods Sold | 2.01B | 2.24B | 2.38B | 2.44B | 3B | 3.16B | 2.46B | 2.57B | 2.92B |
| COGS % of Revenue | 54.06% | 53.03% | 53.18% | 54.97% | 53.3% | 54.61% | 53.69% | 51.56% | 54.06% |
| Gross Profit | 1.71B▲ 0% | 1.98B▲ 15.8% | 2.1B▲ 6.0% | 2B▼ 4.6% | 2.63B▲ 31.2% | 2.62B▼ 0.2% | 2.12B▼ 19.1% | 2.41B▲ 13.7% | 2.48B▲ 2.7% |
| Gross Margin % | 45.94% | 46.97% | 46.82% | 45.03% | 46.7% | 45.39% | 46.31% | 48.44% | 45.94% |
| Gross Profit Growth % | 4.14% | 15.85% | 6.01% | -4.62% | 31.2% | -0.15% | -19.09% | 13.66% | 2.74% |
| Operating Expenses | 1.39B | 1.37B | 1.41B | 1.35B | 1.65B | 2.1B | 1.64B | 1.67B | 1.68B |
| OpEx % of Revenue | 37.29% | 32.5% | 31.39% | 30.4% | 29.31% | 36.24% | 35.82% | 33.55% | 31.12% |
| Selling, General & Admin | 749M | 811M | 826M | 787M | 935M | 982M | 915M | 981M | 1.09B |
| SG&A % of Revenue | 20.12% | 19.23% | 18.42% | 17.69% | 16.62% | 16.99% | 19.96% | 19.69% | 20.13% |
| Research & Development | 389M | 444M | 447M | 453M | 567M | 570M | 519M | 563M | 593M |
| R&D % of Revenue | 10.45% | 10.53% | 9.97% | 10.18% | 10.08% | 9.86% | 11.32% | 11.3% | 10.99% |
| Other Operating Expenses | 250M | 116M | 135M | 112M | 147M | 543M | 208M | 127M | 0 |
| Operating Income | 322M▲ 0% | 610M▲ 89.4% | 692M▲ 13.4% | 651M▼ 5.9% | 979M▲ 50.4% | 529M▼ 46.0% | 481M▼ 9.1% | 742M▲ 54.3% | 800M▲ 7.8% |
| Operating Margin % | 8.65% | 14.46% | 15.43% | 14.64% | 17.4% | 9.15% | 10.49% | 14.9% | 14.83% |
| Operating Income Growth % | 302.5% | 89.44% | 13.44% | -5.92% | 50.38% | -45.97% | -9.07% | 54.26% | 7.82% |
| EBITDA | 585M | 785M | 867M | 797M | 1.17B | 733M | 657M | 914M | 985M |
| EBITDA Margin % | 15.72% | 18.61% | 19.33% | 17.92% | 20.72% | 12.68% | 14.33% | 18.35% | 18.25% |
| EBITDA Growth % | 52.34% | 34.19% | 10.45% | -8.07% | 46.3% | -37.14% | -10.37% | 39.12% | 7.77% |
| D&A (Non-Cash Add-back) | 263M | 175M | 175M | 146M | 187M | 204M | 176M | 172M | 185M |
| EBIT | 315M | 615M | 687M | 636M | 973M | 936M | 585M | 765M | 800M |
| Net Interest Income | -227M | -91M | -89M | -76M | -5M | -60M | -133M | -129M | -108M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 227M | 91M | 89M | 76M | 5M | 60M | 133M | 129M | 108M |
| Other Income/Expense | -234M | -86M | -94M | -91M | -11M | 15M | -147M | -107M | -240M |
| Pretax Income | 88M▲ 0% | 524M▲ 495.5% | 598M▲ 14.1% | 560M▼ 6.4% | 968M▲ 72.9% | 544M▼ 43.8% | 334M▼ 38.6% | 635M▲ 90.1% | 560M▼ 11.8% |
| Pretax Margin % | 2.36% | 12.42% | 13.33% | 12.59% | 17.2% | 9.41% | 7.29% | 12.75% | 10.38% |
| Income Tax | 71M | 103M | 54M | 56M | 131M | 81M | 38M | 107M | 141M |
| Effective Tax Rate % | 80.68% | 19.66% | 9.03% | 10% | 13.53% | 14.89% | 11.38% | 16.85% | 25.18% |
| Net Income | 17M▲ 0% | 421M▲ 2376.5% | 544M▲ 29.2% | 504M▼ 7.4% | 837M▲ 66.1% | 463M▼ 44.7% | 296M▼ 36.1% | 528M▲ 78.4% | 419M▼ 20.6% |
| Net Margin % | 0.46% | 9.98% | 12.13% | 11.33% | 14.87% | 8.01% | 6.46% | 10.6% | 7.76% |
| Net Income Growth % | 112.41% | 2376.47% | 29.22% | -7.35% | 66.07% | -44.68% | -36.07% | 78.38% | -20.64% |
| Net Income (Continuing) | 17M | 421M | 544M | 504M | 837M | 463M | 296M | 528M | 419M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.32▲ 0% | 7.76▲ 2325.0% | 9.96▲ 28.4% | 9.35▼ 6.1% | 15.53▲ 66.1% | 8.81▼ 43.3% | 5.72▼ 35.1% | 10.18▲ 78.0% | 8.18▼ 19.6% |
| EPS Growth % | 112.03% | 2325% | 28.35% | -6.12% | 66.1% | -43.27% | -35.07% | 77.97% | -19.65% |
| EPS (Basic) | 0.33 | 7.86 | 10.08 | 9.43 | 15.66 | 8.87 | 5.76 | 10.25 | 8.24 |
| Diluted Shares Outstanding | 53.69M | 54.25M | 54.59M | 53.91M | 53.9M | 52.56M | 51.71M | 51.88M | 51.21M |
| Basic Shares Outstanding | 53.02M | 53.56M | 53.99M | 53.44M | 53.45M | 52.21M | 51.38M | 51.49M | 50.82M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
ZBRA Balance Sheet
Zebra Technologies Corporation (ZBRA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.06B | 1.16B | 1.2B | 1.27B | 1.69B | 1.88B | 1.67B | 2.44B | 1.8B |
| Cash & Short-Term Investments | 62M | 44M | 30M | 168M | 332M | 105M | 137M | 901M | 125M |
| Cash Only | 62M | 44M | 30M | 168M | 332M | 105M | 137M | 901M | 125M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 519M | 544M | 645M | 524M | 760M | 794M | 584M | 712M | 832M |
| Days Sales Outstanding | 50.9 | 47.07 | 52.49 | 43 | 49.3 | 50.13 | 46.5 | 52.17 | 56.28 |
| Inventory | 458M | 520M | 474M | 511M | 491M | 860M | 804M | 693M | 729M |
| Days Inventory Outstanding | 83.09 | 84.85 | 72.54 | 76.28 | 59.76 | 99.43 | 119.24 | 98.5 | 91.22 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 124M | 146M | 134M | 110M |
| Total Non-Current Assets | 3.21B | 3.18B | 3.52B | 4.1B | 4.53B | 5.65B | 5.63B | 5.53B | 6.71B |
| Property, Plant & Equipment | 264M | 249M | 366M | 409M | 403M | 434M | 478M | 472M | 519M |
| Fixed Asset Turnover | 14.10x | 16.94x | 12.25x | 10.88x | 13.96x | 13.32x | 9.59x | 10.55x | 10.40x |
| Goodwill | 2.46B | 2.5B | 2.62B | 2.99B | 3.27B | 3.9B | 3.9B | 3.89B | 4.73B |
| Intangible Assets | 299M | 232M | 275M | 402M | 469M | 630M | 527M | 422M | 809M |
| Long-Term Investments | 25M | 28M | 45M | 77M | 101M | 160M | 162M | 110M | 0 |
| Other Non-Current Assets | 40M | 59M | 81M | 87M | 96M | 116M | 134M | 121M | 237M |
| Total Assets | 4.28B▲ 0% | 4.34B▲ 1.5% | 4.71B▲ 8.6% | 5.38B▲ 14.1% | 6.21B▲ 15.6% | 7.53B▲ 21.1% | 7.31B▼ 3.0% | 7.97B▲ 9.1% | 8.5B▲ 6.7% |
| Asset Turnover | 0.87x | 0.97x | 0.95x | 0.83x | 0.91x | 0.77x | 0.63x | 0.63x | 0.63x |
| Asset Growth % | -7.71% | 1.5% | 8.57% | 14.09% | 15.63% | 21.14% | -2.96% | 9.06% | 6.7% |
| Total Current Liabilities | 1B | 1.3B | 1.4B | 1.85B | 1.8B | 2.33B | 1.6B | 1.7B | 1.85B |
| Accounts Payable | 383M | 552M | 552M | 601M | 700M | 811M | 456M | 633M | 695M |
| Days Payables Outstanding | 69.48 | 90.07 | 84.48 | 89.72 | 85.2 | 93.76 | 67.63 | 89.97 | 86.96 |
| Short-Term Debt | 51M | 157M | 197M | 364M | 69M | 214M | 173M | 79M | 141M |
| Deferred Revenue (Current) | 186M | 210M | 238M | 308M | 380M | 425M | 458M | 453M | 446M |
| Other Current Liabilities | 145M | 140M | 191M | 377M | 355M | 517M | 332M | 217M | 0 |
| Current Ratio | 1.06x | 0.89x | 0.85x | 0.69x | 0.94x | 0.81x | 1.05x | 1.43x | 0.97x |
| Quick Ratio | 0.61x | 0.49x | 0.51x | 0.41x | 0.67x | 0.44x | 0.54x | 1.03x | 0.58x |
| Cash Conversion Cycle | 64.5 | 41.85 | 40.55 | 29.56 | 23.86 | 55.8 | 98.11 | 60.7 | 60.53 |
| Total Non-Current Liabilities | 2.44B | 1.7B | 1.47B | 1.38B | 1.43B | 2.46B | 2.67B | 2.68B | 3.06B |
| Long-Term Debt | 2.18B | 1.43B | 1.08B | 881M | 922M | 1.95B | 2.05B | 2.09B | 2.52B |
| Capital Lease Obligations | 0 | 0 | 100M | 129M | 121M | 139M | 152M | 155M | 157M |
| Deferred Tax Liabilities | 0 | 8M | 0 | 0 | 6M | 75M | 67M | 57M | 32M |
| Other Non-Current Liabilities | 117M | 89M | 67M | 97M | 67M | -31M | 94M | 70M | -41M |
| Total Liabilities | 3.44B | 3B | 2.87B | 3.23B | 3.23B | 4.8B | 4.27B | 4.38B | 4.91B |
| Total Debt | 2.23B | 1.59B | 1.41B | 1.4B | 1.15B | 2.34B | 2.41B | 2.36B | 2.82B |
| Net Debt | 2.17B | 1.55B | 1.38B | 1.24B | 813M | 2.23B | 2.28B | 1.46B | 2.69B |
| Debt / Equity | 2.67x | 1.19x | 0.76x | 0.65x | 0.38x | 0.86x | 0.80x | 0.66x | 0.78x |
| Debt / EBITDA | 3.81x | 2.03x | 1.62x | 1.76x | 0.98x | 3.19x | 3.67x | 2.58x | 2.86x |
| Net Debt / EBITDA | 3.70x | 1.97x | 1.59x | 1.55x | 0.70x | 3.05x | 3.47x | 1.60x | 2.73x |
| Interest Coverage | 1.42x | 6.70x | 7.78x | 8.57x | 195.80x | 8.82x | 3.62x | 5.75x | 7.41x |
| Total Equity | 834M▲ 0% | 1.33B▲ 60.1% | 1.84B▲ 37.8% | 2.14B▲ 16.6% | 2.98B▲ 39.2% | 2.73B▼ 8.4% | 3.04B▲ 11.1% | 3.59B▲ 18.1% | 3.59B▲ 0.1% |
| Equity Growth % | 5.3% | 60.07% | 37.75% | 16.59% | 39.18% | -8.41% | 11.09% | 18.12% | 0.06% |
| Book Value per Share | 15.53 | 24.61 | 33.68 | 39.77 | 55.36 | 52.00 | 58.71 | 69.12 | 70.06 |
| Total Shareholders' Equity | 834M | 1.33B | 1.84B | 2.14B | 2.98B | 2.73B | 3.04B | 3.59B | 3.59B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 1.25B | 1.69B | 2.23B | 2.74B | 3.57B | 4.04B | 4.33B | 4.86B | 5.28B |
| Treasury Stock | -620M | -613M | -689M | -919M | -1.02B | -1.8B | -1.86B | -1.9B | -2.49B |
| Accumulated OCI | -52M | -35M | -44M | -69M | -29M | -66M | -54M | -44M | -18M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ZBRA Cash Flow Statement
Zebra Technologies Corporation (ZBRA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 478M | 785M | 685M | 962M | 1.07B | 488M | -4M | 1.01B | 917M |
| Operating CF Margin % | 12.84% | 18.61% | 15.27% | 21.63% | 19% | 8.44% | -0.09% | 20.34% | 16.99% |
| Operating CF Growth % | 28.49% | 64.23% | -12.74% | 40.44% | 11.12% | -54.35% | -100.82% | 25425% | -9.48% |
| Net Income | 17M | 421M | 544M | 504M | 837M | 463M | 296M | 528M | 0 |
| Depreciation & Amortization | 263M | 175M | 175M | 146M | 187M | 204M | 176M | 172M | 0 |
| Stock-Based Compensation | 35M | 45M | 48M | 51M | 76M | 88M | 55M | 0 | 0 |
| Deferred Taxes | -9M | 2M | -42M | -40M | -69M | -210M | -36M | 0 | 0 |
| Other Non-Cash Items | 106M | 2M | 23M | 37M | -29M | -84M | 20M | -22M | 847M |
| Working Capital Changes | 66M | 140M | -63M | 264M | 67M | 27M | -515M | 335M | 70M |
| Change in Receivables | 161M | -31M | -96M | 130M | -239M | -5M | 249M | -181M | -39M |
| Change in Inventory | -110M | -43M | 51M | -42M | 18M | -341M | 50M | 105M | 54M |
| Change in Payables | -40M | 122M | -5M | 47M | 96M | 92M | -365M | 176M | 1M |
| Cash from Investing | -51M | -137M | -335M | -641M | -546M | -968M | -92M | -57M | -1.46B |
| Capital Expenditures | -50M | -64M | -61M | -67M | -59M | -75M | -87M | -59M | -86M |
| CapEx % of Revenue | 1.34% | 1.52% | 1.36% | 1.51% | 1.05% | 1.3% | 1.9% | 1.18% | 1.59% |
| Acquisitions | 0 | -72M | -262M | -548M | -452M | -881M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | -1M | 0 | 0 | -7M | 0 | 0 | 0 | -1.37B |
| Cash from Financing | -517M | -661M | -365M | -157M | -371M | 253M | 117M | -190M | -239M |
| Debt Issued (Net) | -524M | -660M | -319M | -41M | -257M | 1.03B | 195M | -43M | 328M |
| Equity Issued (Net) | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -47M | -200M | -57M | -751M | -52M | -47M | -587M |
| Other Financing | 7M | -1M | 1M | 84M | -57M | -25M | -26M | -100M | 20M |
| Net Change in Cash | -94M▲ 0% | -18M▲ 80.9% | -14M▲ 22.2% | 162M▲ 1257.1% | 140M▼ 13.6% | -227M▼ 262.1% | 21M▲ 109.3% | 763M▲ 3533.3% | -776M▼ 201.7% |
| Free Cash Flow | 428M▲ 0% | 721M▲ 68.5% | 624M▼ 13.5% | 895M▲ 43.4% | 1.01B▲ 12.8% | 413M▼ 59.1% | -91M▼ 122.0% | 954M▲ 1148.4% | 831M▼ 12.9% |
| FCF Margin % | 11.5% | 17.09% | 13.91% | 20.12% | 17.95% | 7.14% | -1.99% | 19.15% | 15.4% |
| FCF Growth % | 45.08% | 68.46% | -13.45% | 43.43% | 12.85% | -59.11% | -122.03% | 1148.35% | -12.89% |
| FCF per Share | 7.97 | 13.29 | 11.43 | 16.60 | 18.74 | 7.86 | -1.76 | 18.39 | 16.23 |
| FCF Conversion (FCF/Net Income) | 28.12x | 1.86x | 1.26x | 1.91x | 1.28x | 1.05x | -0.01x | 1.92x | 2.19x |
| Interest Paid | 195M | 90M | 63M | 0 | 32M | 0 | 111M | 55M | 0 |
| Taxes Paid | 65M | 76M | 140M | 0 | 199M | 0 | 252M | 124M | 0 |
ZBRA Key Ratios
Zebra Technologies Corporation (ZBRA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -16.07% | 2.09% | 38.82% | 34.28% | 25.31% | 32.64% | 16.2% | 10.26% | 15.95% | 11.68% |
| Return on Invested Capital (ROIC) | 1.71% | 7.69% | 15.56% | 17.02% | 14.81% | 20.46% | 9.06% | 7.02% | 10.74% | 10.6% |
| Gross Margin | 45.94% | 45.94% | 46.97% | 46.82% | 45.03% | 46.7% | 45.39% | 46.31% | 48.44% | 45.94% |
| Net Margin | -3.83% | 0.46% | 9.98% | 12.13% | 11.33% | 14.87% | 8.01% | 6.46% | 10.6% | 7.76% |
| Debt / Equity | 3.34x | 2.67x | 1.19x | 0.76x | 0.65x | 0.38x | 0.86x | 0.80x | 0.66x | 0.78x |
| Interest Coverage | 0.41x | 1.42x | 6.70x | 7.78x | 8.57x | 195.80x | 8.82x | 3.62x | 5.75x | 7.41x |
| FCF Conversion | -2.72x | 28.12x | 1.86x | 1.26x | 1.91x | 1.28x | 1.05x | -0.01x | 1.92x | 2.19x |
| Revenue Growth | -2.08% | 4.14% | 13.33% | 6.33% | -0.83% | 26.51% | 2.74% | -20.71% | 8.66% | 8.33% |
ZBRA SEC Filings & Documents
Zebra Technologies Corporation (ZBRA) SEC filings — annual & quarterly reports (10-K, 10-Q)
ZBRA Frequently Asked Questions
Zebra Technologies Corporation (ZBRA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Zebra Technologies Corporation (ZBRA) reported $5.40B in revenue for fiscal year 2025. This represents a 2037% increase from $252.5M in 1996.
Zebra Technologies Corporation (ZBRA) grew revenue by 8.3% over the past year. This is steady growth.
Yes, Zebra Technologies Corporation (ZBRA) is profitable, generating $419.0M in net income for fiscal year 2025 (7.8% net margin).
Dividend & Returns
Zebra Technologies Corporation (ZBRA) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.
Zebra Technologies Corporation (ZBRA) generated $831.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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