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ZBRA logoZebra Technologies Corporation (ZBRA) Earnings History

Annual and quarterly earnings data from 1990 to 2025

TTM Net Income
$419M
Profitable
TTM EPS
$8.27
Diluted
YoY EPS Growth
-19.6%
Declining
Net Margin
7.8%
Profitability
Operating Margin14.8%
Gross Margin45.9%
ROE11.7%
ROA5.1%
Highest Annual Net Income$837M (2021)
Highest Quarterly EPS$4.22 (Q1 2021)
Consecutive Profitable Years9 years
Q4 2025
Net Income$70M
EPS$1.39
QoQ Growth-30.7%Declining

Loading earnings history...

ZBRA EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
-19.6%
Declining
3-Year
-2.4%
Slow
5-Year
-2.6%
Slow
10-Year
N/A
N/M

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

ZBRA Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202545.9%14.8%7.8%
202448.4%14.9%10.6%
202346.3%10.5%6.5%
202245.4%9.2%8.0%
202146.7%17.4%14.9%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Zebra Technologies Corporation (ZBRA) Earnings Overview

As of May 6, 2026, Zebra Technologies Corporation (ZBRA) reported trailing twelve-month net income of $419M, reflecting -19.6% year-over-year growth. The company earned $8.27 per diluted share over the past four quarters, with a net profit margin of 7.8%.

Looking at the long-term picture, ZBRA's 5-year EPS compound annual growth rate (CAGR) stands at -2.6%, signaling declining earnings. The company achieved its highest annual net income of $837M in fiscal 2021.

Zebra Technologies Corporation maintains positive profitability with a gross margin of 45.9%, operating margin of 14.8%, and net margin of 7.8%. The company continues to generate positive earnings from operations. View revenue history →

Compared to peers including HON ($4.10B net income, 12.6% margin), HXL ($118M net income, 5.8% margin), SAIC ($358M net income, 4.9% margin), ZBRA has room to improve margins relative to the peer group. Compare ZBRA vs HON →

ZBRA Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
ZBRA logoZBRACurrent
$419M$8.277.8%11.7%-19.6%—
HON logoHON
$4.1B$6.4212.6%27.3%-15.5%
HXL logoHXL
$118M$1.535.8%7.9%-13.8%
SAIC logoSAIC
$358M$7.894.9%23.3%+7.4%
TRMB logoTRMB
$456M$1.9311.8%7.3%-71.3%
INGR logoINGR
$729M$11.3210.1%17.7%+15.1%
Best in group
Lowest in group

ZBRA Historical Earnings Data (1990–2025)

36 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$419M-20.6%$800M$8.187.8%14.8%
2024$528M+78.4%$742M$10.1810.6%14.9%
2023$296M-36.1%$481M$5.726.5%10.5%
2022$463M-44.7%$529M$8.818.0%9.2%
2021$837M+66.1%$979M$15.5314.9%17.4%
2020$504M-7.4%$651M$9.3511.3%14.6%
2019$544M+29.2%$692M$9.9612.1%15.4%
2018$421M+2376.5%$610M$7.7610.0%14.5%
2017$17M+112.4%$322M$0.320.5%8.7%
2016-$137M+13.3%$80M$-2.66-3.8%2.2%

Full ZBRA Stock Analysis

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Is ZBRA Undervalued?

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Compare ZBRA vs NVDA

Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.

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ZBRA — Frequently Asked Questions

Quick answers to the most common questions about buying ZBRA stock.

Is ZBRA growing earnings?

ZBRA EPS fell to $8.27, with earnings declining -19.6%. This contrasts with the 5-year CAGR of -2.6%. TTM net income dropped to $419M.

What are ZBRA's profit margins?

Zebra Technologies Corporation net margin is +7.8%, with operating margin at +14.8%. Margins sit within typical range for the sector.

How consistent are ZBRA's earnings?

ZBRA earnings data spans 1990-2025. The declining earnings trend is -19.6% YoY. Historical data enables comparison across business cycles.

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ZBRA Earnings Over Time (2014–2025)

Net income and EPS trends