Fundamental analysis · SEC EDGAR · TTM through 04/04/2026

Fundamental analysis of Zebra Technologies Corp

ZBRA · Nasdaq · Industrial

Fundamental quality

DEMANDING

54

out of 100

Breakdown by area

I.GrowthEPS growth: -1.9% · Revenue growth: -1.1%
25
II.ProfitabilityNet margin: 7.5% · ROE: 12%
66
III.Financial healthNet debt/EBITDA: 2.76x · FCF: 15%
71

Source: SEC EDGAR · TTM through 04/04/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Strong free-cash-flow generation (FCF margin of 15%).

Risks and weaknesses

  • Declining revenue (-1.1% annualized).
  • Declining earnings per share (-1.9% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$5,627M$837M$1,010M$659M
2022$5,781M$463M$413M$1,918M
2023$4,584M$296M-$91M$2,083M
2024$4,981M$528M$954M$1,270M
2025$5,396M$419M$831M$2,377M

Between 2021 and 2025, revenue went from $5,627M to $5,396M (-4%) and net income went from $837M to $419M (-50%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Zebra Technologies Corp a profitable company?

Zebra Technologies Corp is profitable, with a net margin of 7.5%, though a thin one.

Does Zebra Technologies Corp have a lot of debt?

A moderate level: its net debt is 2.76 times its EBITDA.

Is Zebra Technologies Corp growing?

Its revenue has fallen 1.1% annualized in recent years.

Does Zebra Technologies Corp generate cash?

Yes. It converts about 15% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Zebra Technologies Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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