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Overview

ZEBRA TECHNOLOGIES CORP

ZBRANASDAQIndustrialsGeneral Industrial Machinery & EquipmentCIK 0000877212Large-cap benchmark

Latest 10-K: FY2025, filed Feb 12, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$5.40B
8.3%YoYup from FY2024
TotalRevenue
Gross profit
$2.59B
7.5%YoYup from FY2024
GrossProfit
Operating income
$0.70B
5.7%YoYdown from FY2024
OperatingIncome
Net income
$0.42B
20.6%YoYdown from FY2024
NetIncome
Diluted EPS
$8.18
19.6%YoYdown from FY2024
EPSDiluted
Diluted shares
51.2M
1.3%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • ZEBRA TECHNOLOGIES CORP reported revenue of $5.40B for fiscal 2025, up 8.3% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

  • Operating margin was 13.0% and net margin was 7.8%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $8.18, down 19.6% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$5.40B8.3%up
Benchmark median 6.4%
$4.98B8.7%up
Benchmark median 4.5%
$4.58B20.7%down
Benchmark median 4.8%
$5.78B2.7%up
Benchmark median 10.3%
$5.63B26.5%up
Benchmark median 13.8%
-1.0%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$2.59B7.5%up
Benchmark median 6.8%
$2.41B13.7%up
Benchmark median 5.5%
$2.12B19.1%down
Benchmark median 5.2%
$2.62B0.2%down
Benchmark median 8.3%
$2.63B31.2%up
Benchmark median 15.7%
-0.3%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$700.00M5.7%down
Benchmark median 7.3%
$742.00M54.3%up
Benchmark median 7.4%
$481.00M9.1%down
Benchmark median 4.9%
$529.00M46.0%down
Benchmark median 7.5%
$979.00M50.4%up
Benchmark median 23.5%
-8.0%
Benchmark median 7.2%
Net Income
$419.00M20.6%down
Benchmark median 4.8%
$528.00M78.4%up
Benchmark median 5.7%
$296.00M36.1%down
Benchmark median 1.9%
$463.00M44.7%down
Benchmark median 1.3%
$837.00M66.1%up
Benchmark median 33.9%
-15.9%
Benchmark median 4.1%
EPS (Diluted)
$8.1819.6%down
Benchmark median 6.2%
$10.1878.0%up
Benchmark median 7.9%
$5.7235.0%down
Benchmark median 1.9%
$8.8043.3%down
Benchmark median 1.5%
$15.5266.0%up
Benchmark median 34.8%
-14.8%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$8.50B6.7%up
Benchmark median 5.6%
$7.97B9.1%up
Benchmark median 3.4%
$7.31B3.0%down
Benchmark median 4.1%
$7.53B21.1%up
Benchmark median 2.2%
$6.21B15.6%up
Benchmark median 6.7%
8.1%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$4.91B12.1%up
Benchmark median 6.4%
$4.38B2.6%up
Benchmark median 1.9%
$4.27B11.0%down
Benchmark median 2.9%
$4.80B48.4%up
Benchmark median 2.0%
$3.23B0.0%unchanged
Benchmark median 5.2%
11.1%
Benchmark median 4.4%
Stockholders' Equity
$3.59B0.1%up
Benchmark median 6.8%
$3.59B18.1%up
Benchmark median 5.4%
$3.04B11.1%up
Benchmark median 7.3%
$2.73B8.4%down
Benchmark median 2.5%
$2.98B39.2%up
Benchmark median 9.0%
4.7%
Benchmark median 6.1%
Cash & Equivalents
$125.00M86.1%down
Benchmark median 5.2%
$901.00M557.7%up
Benchmark median 1.9%
$137.00M30.5%up
Benchmark median 6.7%
$105.00M68.4%down
Benchmark median -8.6%
$332.00M97.6%up
Benchmark median -2.9%
-21.7%
Benchmark median 2.0%
Total Debt
$2.50B15.2%up
Benchmark median 2.1%
$2.17B2.2%down
Benchmark median 0.2%
$2.22B9.7%up
Benchmark median 0.3%
$2.02B104.1%up
Benchmark median 0.1%
$0.99B20.4%down
Benchmark median -0.1%
26.1%
Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$0.92B9.5%down
Benchmark median 6.3%
$1.01Bn/m
Benchmark median 4.8%
negative: -$4.00M100.8%down
Benchmark median 9.9%
$0.49B54.3%down
Benchmark median -0.7%
$1.07B11.1%up
Benchmark median 10.7%
-3.8%
Benchmark median 7.0%
Capital Expenditures
$86.00M45.8%up
Benchmark median 5.4%
$59.00M32.2%down
Benchmark median 2.8%
$87.00M16.0%up
Benchmark median 11.3%
$75.00M27.1%up
Benchmark median 14.0%
$59.00M11.9%down
Benchmark median 8.1%
9.9%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$0.83B12.9%down
Benchmark median 7.3%
$0.95Bn/m
Benchmark median 6.1%
negative: -$0.09B122.0%down
Benchmark median 8.8%
$0.41B59.1%down
Benchmark median -11.3%
$1.01B12.8%up
Benchmark median 10.2%
-4.8%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

3.4%

Wall Street

on net earnings

FY2024 2.6%

6.7%

Value investor

on free cash flow

FY2024 4.8%

Gap +3.3 pts: Value-investor figure 3.3 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 29.7×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on ZBRA yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ZBRA and publish the result to your public profile.

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/ZBRA

APA-style text
Valuein. (2026, October 31). ZEBRA TECHNOLOGIES CORP (ZBRA) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ZBRA
BibTeX
@misc{valuein_zbra_2026,
  author = {{Valuein}},
  title = {ZEBRA TECHNOLOGIES CORP (ZBRA) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/ZBRA}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 12, 2026 · accession 0001628280-26-007668

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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