Zebra Technologies Corp (ZBRA)
Zebra Technologies Corporation, together with its subsidiaries, operates in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Connected Frontline, and Asset Visibility and Automation. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and electronic sensors and temperature-monitoring labels. It also provides various maintenance, technical support, repair, and managed and professional services; fixed readers, RFID enabled mobile computers, and RFID sleds; tags, sensors, exciters, middleware software, and application software; and physical inventory management solutions; rugged and enterprise-grade mobile computing products and accessories, as well as real-time location systems and services. In addition, the company offers barcode scanners and imagers, RFID readers, industrial machine vision cameras, and fixed industrial scanners; point-of-sale solutions, self-serve kiosks, and interactive touchscreen displays; workflow optimization solutions, such as workforce management, workflow execution and task management, and prescriptive analytics, and communications and collaboration solutions; and cloud-based software. 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.
- Symbol
- ZBRA
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Communication Equipment
- Market cap
- $17.93B
- 52 week range
- 199.05 - 386.23
Valuation
- Share price
- $375.86 (close of 2026-10-02)
- P/E (TTM)
- 34.08x
- Price to book
- 5.22x
- Price to free cash flow
- 19.84x
- Enterprise value
- $20.74B
- Book value per share
- $71.99
Price performance
| Period | Change |
|---|---|
| 1 day | +0.11% |
| 5 days | +1.57% |
| 1 month | +7.05% |
| 3 months | +40.68% |
| 6 months | +85.30% |
| Year to date | +54.79% |
| 1 year | +27.04% |
| 3 years | +60.88% |
| 5 years | -26.44% |
| 10 years | +439.95% |
| All time | +9157.64% |
Members of Congress who disclosed ZBRA trades
Kelly Morrison · Robert Bresnahan
Super investors holding ZBRA
John Rogers (Ariel Investments LLC) · Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel) · Richard Pzena (Pzena Investment Management)
Profitability and growth
- Return on equity
- 11.68%
- Return on invested capital
- 9.07%
- Return on assets
- 4.93%
- Return on capital employed
- 10.53%
- Gross margin
- 48.05%
- Net margin
- 7.77%
- EBITDA margin
- 16.40%
- Revenue growth
- 8.33%
- Net income growth
- -20.64%
- Free cash flow growth
- -12.89%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.04%
- Current ratio
- 0.52x
- Net debt to EBITDA
- 2.66x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.40B
- Cost of revenue
- $2.80B
- Gross profit
- $2.59B
- EBITDA
- $885.00M
- Net income
- $419.00M
- Earnings per share
- $8.24
- Research and development
- $593.00M
- Shares outstanding
- 50.82M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $5.40B | $2.59B | $419.00M | $8.24 |
| 2024-12-31 | $4.98B | $2.41B | $528.00M | $10.25 |
| 2023-12-31 | $4.58B | $2.12B | $296.00M | $5.75 |
| 2022-12-31 | $5.78B | $2.62B | $463.00M | $8.86 |
| 2021-12-31 | $5.63B | $2.63B | $837.00M | $15.66 |
| 2020-12-31 | $4.45B | $2.00B | $504.00M | $9.43 |
| 2019-12-31 | $4.49B | $2.10B | $544.00M | $10.08 |
| 2018-12-31 | $4.22B | $1.98B | $421.00M | $7.86 |
| 2017-12-31 | $3.72B | $1.71B | $17.00M | $0.33 |
| 2016-12-31 | $3.57B | $1.64B | -$137.00M | $-2.65 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 48.05% | 7.77% | 11.68% | 9.07% |
| 2024-12-31 | 48.44% | 10.60% | 14.72% | 12.58% |
| 2023-12-31 | 46.31% | 6.46% | 9.75% | 8.34% |
| 2022-12-31 | 45.39% | 8.01% | 16.94% | 9.28% |
| 2021-12-31 | 46.70% | 14.87% | 28.05% | 22.33% |
| 2020-12-31 | 45.03% | 11.33% | 23.51% | 17.60% |
| 2019-12-31 | 46.82% | 12.13% | 29.58% | 19.84% |
| 2018-12-31 | 46.97% | 9.98% | 31.54% | 16.98% |
| 2017-12-31 | 45.94% | 0.46% | 2.04% | 8.37% |
| 2016-12-31 | 45.94% | -3.83% | -17.30% | 2.19% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $125.00M | $2.36B |
| 2024-12-31 | $901.00M | $2.09B |
| 2023-12-31 | $137.00M | $2.05B |
| 2022-12-31 | $105.00M | $1.81B |
| 2021-12-31 | $332.00M | $922.00M |
| 2020-12-31 | $168.00M | $881.00M |
| 2019-12-31 | $30.00M | $1.08B |
| 2018-12-31 | $44.00M | $1.43B |
| 2017-12-31 | $62.00M | $2.18B |
| 2016-12-31 | $156.00M | $2.65B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $831.00M | $163.00M |
| 2024-12-31 | $954.00M | $89.00M |
| 2023-12-31 | -$91.00M | $55.00M |
| 2022-12-31 | $413.00M | $88.00M |
| 2021-12-31 | $1.01B | $76.00M |
| 2020-12-31 | $895.00M | $51.00M |
| 2019-12-31 | $624.00M | $48.00M |
| 2018-12-31 | $721.00M | $45.00M |
| 2017-12-31 | $428.00M | $35.00M |
| 2016-12-31 | $303.00M | $27.00M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $4.11
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-04 | Jun/2026 | $3.49 |
| 2026-05-12 | Mar/2026 | $3.49 |
| 2026-02-12 | Dec/2025 | $3.52 |
| 2025-10-28 | Sep/2025 | $3.16 |
| 2025-08-05 | Jun/2025 | $2.80 |
| 2025-04-29 | Mar/2025 | $3.12 |
| 2025-02-13 | Dec/2024 | $3.67 |
| 2024-10-29 | Sep/2024 | $2.90 |
Filings and sources
- Company website
- zebra.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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