Zebra Technologies

Information Technology Electronic Equipment & Instruments Lincolnshire, Illinois Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$5.4B
                    3y CAGR -2.3%
                    
                    P17
                    
                    n/a
                    
                    Net income
                    FY2025
                
$419.0M
                    Net margin +7.8%
                    
                    P22
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$8.5B
                    ROA +4.9%
                    
                    P25
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$917.0M
                    FCF margin +15.4%
                    
                    P27
                    
                    n/a

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 1 year

Total assets $8.5B

Total liabilities $4.9B

Shareholders equity $3.6B

Account	2025	Trend
Assets
Cash and Cash Equivalents	1.5%
Accounts Receivable	9.4%
Inventory	8.6%
Prepaid Expenses	1.3%
Other Current Assets	0.4%
Total Current Assets	21.1%
Property,Plant and Equipment	4.2%
Operating Lease Assets	2.0%
Goodwill	55.6%
Intangible Assets	9.5%
Deferred Tax Assets	4.9%
Other Noncurrent Assets	2.8%
Total Assets	100.0%
Liabilities
Accounts Payable	8.2%
Accrued Liabilities	6.7%
Deferred Revenue	5.2%
Current Portion of Long Term Debt	1.7%
Total Current Liabilities	21.8%
Long Term Debt	27.8%
Deferred Revenue Noncurrent	4.7%
Operating Lease Liabilities Noncurrent	1.8%
Deferred Tax Liabilities	0.4%
Other Noncurrent Liabilities	1.4%
Total Liabilities	57.8%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	9.6%
Retained Earnings	62.1%
Treasury Stock	29.3%
Accumulated Other Comprehensive Income	-0.2%
Total Stockholders Equity	42.2%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 1 year

Revenue $5.4B

Operating income $700.0M

Net income $419.0M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	63.5%
Expenses Cost of Revenue	33.0%
Other Income Expense Gross Profit	30.5%
Expenses Research and Development	7.0%
Expenses Selling,General and Administrative	12.8%
Expenses Depreciation and Amortization	1.3%
Expenses Restructuring and Asset Impairment	0.9%
Expenses Other Operating Expenses	0.3%
Expenses Operating Expenses	22.3%
Other Income Expense Operating Income	8.2%
Other Income Expense Other Income/expense	-1.6%
Other Income Expense Income Before Tax	6.6%
Income Tax Income Tax Expense	1.7%
net Income net Income	4.9%
net Income Comprehensive Income	5.2%
Earnings Per Share Diluted Eps	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 1 year

Operating cash flow $917.0M

Investing cash flow $-1.5B

Financing cash flow $-239.0M

Account	2025	Trend
CashFlow
Operating Activities net Income	4.9%
Operating Activities Depreciation and Amortization	2.2%
Operating Activities Stock Based Compensation	1.9%
Operating Activities Deferred Income Taxes	0.2%
Operating Activities Changes In Operating Assets and Liabilities	0.8%
Operating Activities Other Non Cash Items	0.7%
Operating Activities net Cash From Operating Activities	10.8%
Investing Activities Capital Expenditures	-1.0%
Investing Activities Business Acquisitions	-16.1%
Investing Activities Purchases of Investments	-0.1%
Investing Activities Other Investing Activities	0.0%
Investing Activities net Cash From Investing Activities	-17.1%
Financing Activities Proceeds From Debt	4.1%
Financing Activities Repayment of Debt	-0.2%
Financing Activities Repurchase of Common Stock	-6.9%
Financing Activities Tax Withholding On Stock Based Compensation	-0.2%
Financing Activities Other Financing Activities	0.4%
Financing Activities net Cash From Financing Activities	-2.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%
Cash Reconciliation net Change In Cash	-9.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+48.1%
Operating margin	+13.0%
Net margin	+7.8%
FCF margin	+15.4%
Growth
Revenue CAGR (3y)	-2.3%
Returns
ROE	+11.7%
ROA	+4.9%
ROIC	+8.8%
Liquidity
Current ratio	0.97x
Quick ratio	0.50x
Leverage
D/E	1.37x
Interest coverage	—
Efficiency
Asset turnover	0.63x
Cash conversion cycle	+59d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No multiples without a share count — this filer reports no diluted or basic weighted-average shares.

Notes

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