Zebra Technologies Corporation ZBRA SPX
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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
CONS
- Revenue declined at -2.3% CAGR over 5 years.
- Earnings shrank at -3.3% CAGR over 5 years.
- Trading 28.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ZBRA Zebra Technologies Corporation SPX | 243.63 | 29.39 | $11.60B | - | 10.05% | 11.78% | -2.27% | -3.27% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Dec 2015 | Apr 2016 | Jul 2016 | Oct 2016 | Dec 2016 | Apr 2017 | Jul 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Oct 2022 | Apr 2023 | Jul 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 865.00M | 896.00M | 935.00M | 1.03B | 977.00M | 1.01B | 1.09B | 1.14B | 1.07B | 1.10B | 1.13B | 1.19B | 1.05B | 956.00M | 1.13B | 1.31B | 1.35B | 1.38B | 1.44B | 1.43B | 1.47B | 1.38B | 1.41B | 1.21B | 956.00M | 1.18B | 1.22B | 1.25B | - | 1.31B | 1.29B | 1.32B | 1.48B | 1.50B | 1.50B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 663.00M | 677.00M | 686.00M | 777.00M | 753.00M | - |
| Gross Profit | 428.00M | 390.00M | 406.00M | 414.00M | 432.00M | 401.00M | 411.00M | 429.00M | 469.00M | 465.00M | 472.00M | 505.00M | 539.00M | 501.00M | 520.00M | 535.00M | 544.00M | 473.00M | 419.00M | 493.00M | 618.00M | 655.00M | 658.00M | 646.00M | 637.00M | 674.00M | 628.00M | 667.00M | 581.00M | 427.00M | 563.00M | 589.00M | 613.00M | - | 645.00M | 616.00M | 634.00M | 698.00M | 742.00M | 742.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 447.00M | 429.00M | 441.00M | 476.00M | 518.00M | - |
| Operating Income | 22.00M | 10.00M | 23.00M | -24.00M | - | 40.00M | 58.00M | 91.00M | - | 144.00M | 125.00M | 162.00M | - | 159.00M | 160.00M | 185.00M | - | 151.00M | 119.00M | 150.00M | - | 272.00M | 247.00M | 237.00M | 212.00M | -145.00M | 202.00M | 225.00M | 194.00M | -12.00M | 159.00M | 167.00M | 191.00M | - | 198.00M | 187.00M | 193.00M | 222.00M | 224.00M | 215.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 229.00M | 206.00M | 224.00M | 194.00M | 260.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23.00M | 25.00M | 23.00M | 37.00M | 37.00M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 165.00M | 138.00M | 159.00M | 98.00M | 167.00M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.00M | 26.00M | 58.00M | 28.00M | 32.00M | - |
| Net Income | - | -26.00M | -45.00M | -83.00M | - | 8.00M | 17.00M | -12.00M | - | 109.00M | 70.00M | 127.00M | 115.00M | 115.00M | 124.00M | 136.00M | 169.00M | 89.00M | 100.00M | 116.00M | 199.00M | 228.00M | 219.00M | 199.00M | 205.00M | -98.00M | 170.00M | 150.00M | 144.00M | -15.00M | 115.00M | 113.00M | 137.00M | - | 136.00M | 112.00M | 101.00M | 70.00M | 135.00M | 135.00M |
| Diluted EPS | -0.53 | -0.50 | -0.88 | -1.61 | 0.34 | 0.16 | 0.32 | -0.23 | 0.07 | 2.01 | 1.29 | 2.34 | 2.11 | 2.12 | 2.26 | 2.50 | 3.10 | 1.65 | 1.85 | 2.16 | 3.70 | 4.22 | 4.07 | 3.69 | 3.83 | -1.87 | 3.26 | 2.90 | 2.78 | -0.28 | 2.23 | 2.17 | 2.64 | - | 2.62 | 2.19 | 1.97 | 1.39 | 2.72 | 2.72 |
| R&D Expense | 99.00M | 93.00M | 95.00M | 96.00M | - | 96.00M | 99.00M | 96.00M | - | 101.00M | 109.00M | 113.00M | - | 111.00M | 108.00M | 110.00M | - | 105.00M | 98.00M | 113.00M | - | 140.00M | 141.00M | 141.00M | 137.00M | 148.00M | 143.00M | 146.00M | 130.00M | 127.00M | 138.00M | 146.00M | 141.00M | - | 151.00M | 144.00M | 146.00M | - | - | 165.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 3.57B | 3.72B | 4.22B | 4.49B | 4.45B | - | 5.78B | 4.58B | 4.98B | 5.40B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.16B | 2.46B | 2.57B | 2.80B |
| Gross Profit | 479.31M | 317.59M | 420.77M | 486.77M | 491.64M | 503.00M | 778.00M | 1.64B | 1.64B | 1.71B | 1.98B | 2.10B | 2.00B | - | 2.62B | 2.12B | 2.41B | 2.59B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.69B | 1.54B | 1.65B | 1.79B |
| Operating Income | -15.35M | 70.28M | 148.22M | 182.04M | 164.35M | 160.00M | 89.00M | 37.00M | 80.00M | 322.00M | 610.00M | 692.00M | 651.00M | - | 936.00M | 585.00M | 765.00M | 800.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14B | 643.00M | 905.00M | 853.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.00M | - | 133.00M | 98.00M | 108.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 544.00M | 334.00M | 635.00M | 560.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 81.00M | 38.00M | 107.00M | 141.00M |
| Net Income | -38.42M | 47.10M | 101.78M | 174.64M | 122.90M | 134.00M | 32.00M | -158.00M | -137.00M | 17.00M | 421.00M | 544.00M | 504.00M | - | 463.00M | 296.00M | 528.00M | 419.00M |
| Diluted EPS | -0.60 | 0.79 | 1.77 | 3.22 | 2.37 | 2.63 | 0.63 | -3.10 | -2.65 | 0.32 | 7.76 | 9.97 | 9.35 | - | 8.80 | 5.72 | 10.18 | 8.18 |
| R&D Expense | 95.80M | 66.48M | 82.58M | 89.93M | 87.36M | 91.00M | 151.00M | 394.00M | 376.00M | 389.00M | 444.00M | 447.00M | 453.00M | 567.00M | 570.00M | 519.00M | 563.00M | 593.00M |
Compounded Sales Growth
| 5 Years: | -2.27% |
| 1 Year: | 14.30% |
Compounded Profit Growth
| 5 Years: | -3.27% |
| 1 Year: | 3.80% |
Stock Price Performance
| 1 Year: | -15.92% |
| 6 Months: | -2.28% |
| 3 Months: | +8.78% |
| 1 Month: | +13.03% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 830.48M | 878.86M | 899.01M | 967.75M | 1.12B | 5.54B | 5.04B | 4.63B | 4.28B | 4.34B | 4.71B | 5.38B | - | 7.53B | 7.31B | 7.97B | 8.50B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.88B | 1.67B | 2.44B | 1.80B |
| Cash & Equivalents | 38.21M | 29.83M | 37.25M | 47.55M | 36.42M | 65.00M | 63.00M | 394.00M | 192.00M | 156.00M | 62.00M | 44.00M | 30.00M | 168.00M | - | 105.00M | 137.00M | 901.00M | 125.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 860.00M | 804.00M | 693.00M | 729.00M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 768.00M | 521.00M | 692.00M | 801.00M |
| Total Liabilities | - | - | 118.35M | 148.83M | 122.08M | 110.75M | 161.15M | 4.50B | 4.15B | 3.84B | 3.44B | 3.00B | 2.87B | 3.23B | - | 4.80B | 4.27B | 4.38B | 4.91B |
| Current Liabilities | - | - | 104.81M | 136.43M | 108.97M | 95.21M | 119.05M | 953.00M | 895.00M | 949.00M | 1.00B | 1.30B | 1.40B | 1.85B | - | 2.33B | 1.60B | 1.70B | 1.85B |
| Long Term Debt | - | - | - | - | - | - | 0 | 3.16B | 3.01B | 2.65B | 2.18B | 1.43B | 1.08B | 881.00M | - | 1.81B | 2.05B | 2.09B | 2.36B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.20B | 2.41B | 2.36B | 2.70B |
| Total Equity | 902.69M | 710.74M | 712.13M | 730.03M | 776.92M | 857.00M | 959.00M | 1.04B | 893.00M | 792.00M | 834.00M | 1.33B | 1.84B | 2.14B | - | 2.73B | 3.04B | 3.59B | 3.59B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.15M | 72.15M | 72.15M | 72.15M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 138.28M | 105.70M | 141.84M | 78.31M | 183.33M | 194.77M | - | 122.00M | 380.00M | 478.00M | 785.00M | 685.00M | 962.00M | - | 488.00M | -4.00M | 1.01B | 917.00M |
| Investing Cash Flow | 21.43M | -40.65M | -39.62M | 53.22M | -105.53M | -153.15M | - | -148.00M | -39.00M | -51.00M | -137.00M | -335.00M | -641.00M | - | -968.00M | -92.00M | -57.00M | -1.46B |
| Financing Cash Flow | -150.25M | -60.46M | -92.87M | -145.80M | -49.43M | -44.17M | - | -161.00M | -384.00M | -517.00M | -661.00M | -365.00M | -157.00M | - | 253.00M | 117.00M | -190.00M | -239.00M |
| Capital Expenditure | -40.89M | -24.89M | -30.72M | -26.92M | -22.44M | -20.00M | -39.00M | -122.00M | -77.00M | -50.00M | -64.00M | -61.00M | -67.00M | - | -75.00M | -87.00M | -59.00M | -86.00M |
| Free Cash Flow | 97.39M | 80.81M | 111.12M | 51.39M | 160.89M | 174.77M | - | 0 | 303.00M | 428.00M | 721.00M | 624.00M | 895.00M | - | 413.00M | -91.00M | 954.00M | 831.00M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -227.00M | 21.00M | 766.00M | -777.00M |
| Share Buybacks | 157.58M | 65.44M | 102.09M | 160.20M | 54.37M | 63.00M | 0 | 0 | - | 0 | 0 | 47.00M | 200.00M | 57.00M | 751.00M | 52.00M | 47.00M | 587.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 45.9% | 45.9% | 47.0% | 46.8% | 45.0% | - | 45.4% | 46.3% | 48.4% | 48.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | 2.2% | 8.7% | 14.5% | 15.4% | 14.6% | - | 16.2% | 12.8% | 15.4% | 14.8% |
| Net Margin % | - | - | - | - | - | - | - | - | -3.8% | 0.5% | 10.0% | 12.1% | 11.3% | - | 8.0% | 6.5% | 10.6% | 7.8% |
| ROE % | -5.4% | 6.6% | 13.9% | 22.5% | 14.3% | 14.0% | 3.1% | -17.7% | -17.3% | 2.0% | 31.5% | 29.6% | 23.5% | - | 16.9% | 9.7% | 14.7% | 11.7% |
| ROCE % | - | 9.7% | 20.0% | 23.0% | 18.8% | 16.0% | 1.9% | 0.9% | 2.2% | 9.8% | 20.1% | 20.9% | 18.5% | - | 18.0% | 10.2% | 12.2% | 12.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.82% | 4.20M | $1.02B |
| 2 | Vanguard Capital Management LLC | 6.72% | 3.20M | $779.86M |
| 3 | Vanguard Portfolio Management LLC | 5.88% | 2.80M | $682.87M |
| 4 | State Street Corporation | 4.53% | 2.16M | $525.68M |
| 5 | Nordea Investment Management AB | 4.24% | 2.02M | $491.53M |
| 6 | Invesco Ltd. | 3.21% | 1.53M | $372.65M |
| 7 | Boston Partners | 3.09% | 1.47M | $358.32M |
| 8 | Geode Capital Management, LLC | 2.81% | 1.34M | $326.41M |
| 9 | Alyeska Investment Group, L.p. | 2.78% | 1.32M | $322.76M |
| 10 | Focus Partners Wealth | 2.38% | 1.13M | $276.31M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ZBRA