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Zebra Technologies Corporation (ZBRA)
NASDAQ: ZBRA · Real-Time Price · USD
351.11
+7.41 (2.16%)
At close: Sep 2, 2026, 4:00 PM EDT
352.36
+1.25 (0.36%)
After-hours: Sep 2, 2026, 7:50 PM EDT

Zebra Technologies Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,8475,3964,9814,5845,7815,627
Revenue Growth
12.66%8.33%8.66%-20.71%2.74%26.51%
Gross Profit
2,8992,5932,4132,1232,6242,628
Operating Income
9708007655859361,011
Net Income
539419528296463837
Earnings Per Share
10.818.1810.185.728.8015.52
EPS Growth
2.08%-19.65%77.97%-35.00%-43.30%65.99%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJul '26 Dec '25 Dec '24 Dec '23
Connected Frontline (CF)
-2,9602,7142,280
Asset Visibility and Automation (AVA)
-2,4362,2672,304
Revenue (Total)
5,8475,3964,9814,584

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
157125901171130332
Total Debt
2,9622,6972,3622,4302,1991,161
Net Cash (Debt)
-2,805-2,572-1,461-2,259-2,069-829
Net Cash Growth
------
Net Cash Per Share
-56.29-50.22-28.16-43.69-39.37-15.38

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
9799171,013-44881,069
Capital Expenditures
-75-86-59-87-75-59
Free Cash Flow
904831954-914131,010
Free Cash Flow Growth
5.98%-12.89%---59.11%12.85%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
49.58%48.05%48.44%46.31%45.39%46.70%
Operating Margin
16.59%14.83%15.36%12.76%16.19%17.97%
Pretax Margin
12.13%10.38%12.75%7.29%9.41%17.20%
Profit Margin
9.22%7.76%10.60%6.46%8.01%14.88%
FCF Margin
15.46%15.40%19.15%-1.98%7.14%17.95%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
31.7929.3637.7347.4328.5938.00
Forward PE
16.5114.1324.8929.4514.4531.83
P/FCF Ratio
18.2014.8020.88-32.0531.49
PS Ratio
2.812.284.003.062.295.65