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ZBRAZebra Technologies Corporation
$264.65$12.6B
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ZBRA logoZebra Technologies Corporation(ZBRA)Earnings, Financials & Key Ratios

ZBRA•NASDAQ
$264.65
32.4× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustryPublic Safety and Mission-Critical Radios
AboutZebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution. It also provides various maintenance, technical support, repair, and managed and professional services; real-time location systems and services; and tags, sensors, exciters, middleware software, and application software; as well as physical inventory management solutions, and rugged tablets and enterprise-grade mobile computing products and accessories. In addition, the company offers barcode scanners, image capture devices, and RFID readers; and workforce management solutions, workflow execution and task management solutions, and prescriptive analytics solutions, as well as communications and collaboration solutions. It also provides services, including maintenance, technical support, repair, managed and professional services; as well as cloud-based software subscriptions and robotics automation solutions. 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.Show more
  • Revenue$5.4B+8.3%
  • EBITDA$985M+7.8%
  • Net Income$419M-20.6%
  • EPS (Diluted)8.18-19.6%
  • Gross Margin45.94%-5.2%
  • EBITDA Margin18.25%-0.5%
  • Operating Margin14.83%-0.5%
  • Net Margin7.76%-26.7%
  • ROE11.68%-26.7%

ZBRA Price & Volume

Zebra Technologies Corporation (ZBRA) stock price & volume — 10-year historical chart

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Cyclical Recovery Drives Zebra Technologies Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Improving
Primary Risk:Cyclical channel inventory volatility

Key Thesis Takeaways

  • Zebra Technologies is navigating a cyclical recovery, evidenced by a 14.3% year-over-year revenue growth in 2026Q1 as enterprise demand stabilizes.
  • While the company maintains a robust service-based deferred revenue stream of $832.0 million, investors should monitor the pressure on operating margins, which remain constrained at 14.4% due to elevated R&D and SG&A costs.
  • Furthermore, the aggressive capital allocation strategy, including $300.0 million in recent share repurchases, warrants caution given the current debt-to-equity ratio of 0.81.

Verdict Logic

while the forward P/E of 13.56 suggests potential value, the significant increase in stock-based compensation to $58.0 million in 2026Q1 poses a risk of ongoing shareholder dilution.

ZBRA Growth Metrics

Zebra Technologies Corporation (ZBRA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.99%
5 Years3.94%
3 Years-2.27%
TTM9.17%

Profit CAGR

10 Years-
5 Years-3.63%
3 Years-3.27%
TTM-23.86%

EPS CAGR

10 Years-
5 Years-2.64%
3 Years-2.44%
TTM-22.31%

Return on Capital

10 Years14.08%
5 Years13.86%
3 Years11.2%
Last Year12.39%

ZBRA Recent Earnings

Zebra Technologies Corporation (ZBRA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$4.75+12.8%
$4.21
Rev
$1.5B+1.1%
$1.5B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$4.33-0.2%
$4.34
Rev
$1.5B+0.6%
$1.5B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$3.88+3.5%
$3.75
Rev
$1.3B-10.0%
$1.5B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$3.61+8.1%
$3.34
Rev
$1.3B+0.2%
$1.3B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$4.75vs $4.21+12.8%
$1.5Bvs $1.5B+1.1%
Q1 2026Feb 12, 2026
$4.33vs $4.34-0.2%
$1.5Bvs $1.5B+0.6%
Q4 2025Oct 28, 2025
$3.88vs $3.75+3.5%
$1.3Bvs $1.5B-10.0%
Q3 2025Aug 5, 2025
$3.61vs $3.34+8.1%
$1.3Bvs $1.3B+0.2%
Based on last 12 quarters of dataView full earnings history →

Latest ZBRA News

Recent stock market news and headlines for Zebra Technologies Corporation (ZBRA)

Business Wire·16h ago
Zebra Technologies to Release Second Quarter 2026 Results on Aug. 4

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)---- $ZBRA--Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, will report its second quarter 2026 financial results on Tuesday morning, Aug. 4, 2026. The company will also host a conference call to discuss these results on the same day at 7:30 a.m. CT (8:30 a.m. ET). To access the live webcast of the presentation, visit the events section of the company's website at investors.zebra.co.

Zacks Investment Research·1 day ago
Why Zebra Technologies (ZBRA) is a Top Growth Stock for the Long-Term

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Business Wire·Jun 22, 2026
Transforming Manufacturing Workflows: Zebra Technologies Unveils Machine Vision Ecosystem at Automate 2026

CHICAGO--(BUSINESS WIRE)--Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced its participation in Automate 2026, highlighting an ecosystem of solutions that fuse the physical and digital worlds. Visitors to Booth #1825 will experience how Zebra's portfolio of RFID, machine vision, industrial scanning and automation solutions empowers frontline workers and optimizes workflows from raw-material r.

Zacks Investment Research·Jun 18, 2026
Here's Why Zebra Technologies (ZBRA) is a Strong Growth Stock

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Peers Comparison

Key metrics vs top competitors for Zebra Technologies Corporation (ZBRA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ZBRA logoZBRAZebra Technologies CorporationCurrent
$264.65$12.61B32.358.33%7.76%11.68%—
HON logoHONHoneywell International Inc.
$225.05$71.3B15.297.85%11.16%23.05%—
HXL logoHXLHexcel Corporation
$100.11$7.55B73.07-0.48%6.09%8.35%—
SAIC logoSAICScience Applications International Corporation
$113.67$4.81B14.76-2.9%5.55%27.22%—
TRMB logoTRMBTrimble Inc.
$53.73$12.73B30.70-2.61%12.37%7.95%—
INGR logoINGRIngredion Incorporated
$98.57$6.22B8.82-2.84%9.36%15.48%—

Compare ZBRA vs Peers

Zebra Technologies Corporation (ZBRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HON

Most directly comparable listed peer for ZBRA.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare ZBRA against a more recognizable public peer.

Peer Set

Compare Top 5

vs HON, HXL, SAIC, TRMB

ZBRA SEC Filings & Documents

Zebra Technologies Corporation (ZBRA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 12, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Dec 15, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 12, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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ZBRA Frequently Asked Questions

Zebra Technologies Corporation (ZBRA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Zebra Technologies Corporation's revenue?

Zebra Technologies Corporation (ZBRA) reported $5.58B in revenue for fiscal year 2025. This represents a 2111% increase from $252.5M in 1996.

How fast is Zebra Technologies Corporation growing?

Zebra Technologies Corporation (ZBRA) grew revenue by 8.3% over the past year. This is steady growth.

Is ZBRA profitable?

Yes, Zebra Technologies Corporation (ZBRA) is profitable, generating $418.0M in net income for fiscal year 2025 (7.8% net margin).

Dividend & Returns
What is ZBRA's return on equity?

Zebra Technologies Corporation (ZBRA) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

What is Zebra Technologies Corporation's free cash flow?

Zebra Technologies Corporation (ZBRA) generated $836.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ZBRA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →