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ZBRA · Nasdaq · United States · General Industrial Machinery & Equipment
In shortZEBRA TECHNOLOGIES CORP is profitable, generates cash and carries moderate debt, with revenue growing (+8.3% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 13.0% | 60/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.8% | 51/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.7% | 58/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.6% | 57/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.97× | 14/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.70× | 72/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.69× | 38/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.30 | 56/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 15.4% | 82/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.98× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 17.0% | 48/100 |
| Operating margin volatility | 3.3% | 79/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -2.3% | 4/100 |
|---|---|---|
| EPS growth, 3-year average | -2.4% | 13/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,627 | 5,781 | 4,584 | 4,981 | 5,396 |
| Cost of revenue | 2,999 | 3,157 | 2,461 | 2,568 | 2,803 |
| Gross profit | 2,628 | 2,624 | 2,123 | 2,413 | 2,593 |
| Research & development | 567 | 570 | 519 | 563 | 593 |
| Operating income | 979 | 529 | 481 | 742 | 700 |
| Interest expense | 5 | – | – | – | – |
| Pre-tax income | 968 | 544 | 334 | 635 | 560 |
| Income tax | 131 | 81 | 38 | 107 | 141 |
| Net income | 837 | 463 | 296 | 528 | 419 |
| Diluted EPS | $15.52 | $8.80 | $5.72 | $10.18 | $8.18 |
| Diluted shares (millions) | 54 | 53 | 52 | 52 | 51 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of ZEBRA TECHNOLOGIES CORP are included in the Investor plan. Try free for 7 days →
3.30 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 4, 2026 · Data updated Aug 4, 2026