Zebra Technologies financials
$375.97+1.10%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.40B | $4.98B | $4.58B | $5.78B | $5.63B | $4.45B | $4.49B | $4.22B | $3.72B | $3.57B |
| Gross profit | $2.59B | $2.41B | $2.12B | $2.62B | $2.63B | $2.00B | $2.10B | $1.98B | $1.71B | $1.64B |
| Gross margin | 48.1% | 48.4% | 46.3% | 45.4% | 46.7% | 45.0% | 46.8% | 47.0% | 45.9% | 45.9% |
| Operating income | $700.0M | $742.0M | $481.0M | $550.0M | $1.00B | $674.0M | $714.0M | $618.0M | $372.0M | $205.0M |
| Net income | $419.0M | $528.0M | $296.0M | $463.0M | $837.0M | $504.0M | $544.0M | $421.0M | $17.0M | -$137.0M |
| Net margin | 7.8% | 10.6% | 6.5% | 8.0% | 14.9% | 11.3% | 12.1% | 10.0% | 0.5% | −3.8% |
| Diluted EPS | $8.18 | $10.18 | $5.72 | $8.80 | $15.52 | $9.35 | $9.97 | $7.76 | $0.32 | $-2.65 |
| EBITDA | $985.0M | $937.0M | $761.0M | $1.14B | $1.20B | $831.0M | $899.0M | $804.0M | $651.0M | $590.0M |
| Operating cash flow | $917.0M | $1.01B | -$4.0M | $488.0M | $1.07B | $962.0M | $685.0M | $785.0M | $478.0M | $380.0M |
| Free cash flow | $831.0M | $954.0M | -$91.0M | $413.0M | $1.01B | $895.0M | $624.0M | $721.0M | $428.0M | $303.0M |
| Diluted shares | 51.2M | 51.9M | 51.7M | 52.6M | 53.9M | 53.9M | 54.6M | 54.3M | 53.7M | 51.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $125.0M | $901.0M | $137.0M | $105.0M | $332.0M | $168.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.50B | $2.17B | $2.22B | $2.02B | $991.0M | $1.25B |
| Total assets | $8.50B | $7.97B | $7.31B | $7.53B | $6.21B | $5.38B |
| Total liabilities | $4.91B | $4.38B | $4.27B | $4.80B | $3.23B | $3.23B |
| Shareholders' equity | $3.59B | $3.59B | $3.04B | $2.73B | $2.98B | $2.14B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology