StratGraph
Companies / Information Technology
ZBRA

Zebra Technologies

Electronic Equipment & Instruments

Electronic Equipment & InstrumentsAnalysis in progress
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Business at a glance

Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work

Operating health60
Growth36
Profitability48
Cash generation81
Balance sheet52
Dilution control81
Key ratios and five-year financials
Latest quarter revenue YoY (2026-10-03)22.3%Revenue growth (FY)8.3%Revenue CAGR (3y)-2.3%Gross margin48.1%Operating margin13.0%Net margin7.8%Free cash flow margin15.4%R&D / revenue11.0%Stock comp / revenue3.0%Net debt / operating cash flow2.59xCurrent ratio0.97Diluted share count change-1.3%
Fiscal year endingFY 2021-12FY 2022-12FY 2023-12FY 2024-12FY 2025-12
Revenue$5.6B$5.8B$4.6B$5.0B$5.4B
Gross profit$2.6B$2.6B$2.1B$2.4B$2.6B
Operating income$979M$529M$481M$742M$700M
Net income$837M$463M$296M$528M$419M
Operating cash flow$1.1B$488M-$4M$1.0B$917M
Capital expenditure$59M$75M$87M$59M$86M
Free cash flow$1.0B$413M-$91M$954M$831M
R&D$567M$570M$519M$563M$593M
Stock-based comp$76M$88M$55M$89M$163M
Buybacks$57M$751M$52M$47M$587M
Cash$332M$105M$137M$901M$125M
Total debt$991M$2.0B$2.2B$2.2B$2.5B
Equity$3.0B$2.7B$3.0B$3.6B$3.6B

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