Zebra Technologies Corporation (ZBRA)

NASDAQ: ZBRA · Real-Time Price · USD

258.00

+1.05 (0.41%)

Jul 24, 2026, 10:08 AM EDT - Market open

Zebra Technologies Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,583	5,396	4,981	4,584	5,781	5,627
Revenue Growth	9.17%	8.33%	8.66%	-20.71%	2.74%	26.51%
Gross Profit	2,690	2,593	2,413	2,123	2,624	2,628
Operating Income	720	700	742	481	529	979
Net Income	418	419	528	296	463	837
Earnings Per Share	8.27	8.18	10.18	5.72	8.80	15.52
EPS Growth	-21.76%	-19.65%	77.97%	-35.00%	-43.30%	65.99%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Connected Frontline (CF)	-	2,960	2,714	2,280
Asset Visibility and Automation (AVA)	-	2,436	2,267	2,304
Revenue (Total)	5,583	5,396	4,981	4,584

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	114	125	901	137	105	332
Total Debt	2,809	2,659	2,326	2,372	2,162	1,112
Net Cash (Debt)	-2,695	-2,534	-1,425	-2,235	-2,057	-780
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-53.23	-49.48	-27.47	-43.22	-39.14	-14.47

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	915	917	1,013	-4	488	1,069
Capital Expenditures	-79	-86	-59	-87	-75	-59
Free Cash Flow	836	831	954	-91	413	1,010
Free Cash Flow Growth	-16.48%	-12.89%	-	-	-59.11%	12.85%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	48.18%	48.05%	48.44%	46.31%	45.39%	46.70%
Operating Margin	12.90%	12.97%	14.90%	10.49%	9.15%	17.40%
Pretax Margin	10.07%	10.38%	12.75%	7.29%	9.41%	17.20%
Profit Margin	7.49%	7.77%	10.60%	6.46%	8.01%	14.87%
FCF Margin	14.97%	15.40%	19.15%	-1.99%	7.14%	17.95%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	31.14	29.68	37.94	47.79	29.14	38.35
Forward PE	13.59	14.13	24.89	29.45	14.45	31.83
P/FCF Ratio	14.64	14.49	20.85	-	31.94	31.48
PS Ratio	2.19	2.23	3.99	3.06	2.28	5.65