
Zebra Technologies Corporation
NASDAQ•ZBRA
CEO: Mr. William J. Burns
Sector: Technology
Industry: Communication Equipment
Listing Date: 1991-08-15
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution. It also provides various maintenance, technical support, repair, and managed and professional services; fixed readers, RFID enabled mobile computers, and RFID sleds; tags, sensors, exciters, middleware software, and application software; and physical inventory management solutions, and rugged and enterprise-grade mobile computing products and accessories, as well as real-time location systems and services. In addition, the company offers barcode scanners and imagers, RFID readers, industrial machine vision cameras, and fixed industrial scanners; workforce management, workflow execution and task management, and prescriptive analytics, as well as communications and collaboration solutions; and cloud-based software subscriptions, retail, and robotics automation solutions. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force, and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.
Contact Information
Market Cap
$12.73B
P/E (TTM)
25.2
40.2
Dividend Yield
--
52W High
$427.76
52W Low
$205.73
52W Range
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$1.32B+5.18%
4-Quarter Trend
EPS
$1.98-25.56%
4-Quarter Trend
FCF
$216.00M-22.02%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Net Sales Growth Total Net sales reached $3.921B for nine months, reflecting 7.5% growth; Organic Net sales increased 7.6%.
Operating Income Rises Nine month Operating income grew 8.5% to $561M, driven by higher Gross Profit partially offsetting increased Operating expenses.
AIT Segment Leads Growth Asset Intelligence segment sales grew 11.3% GAAP to $1.335B for nine months, showing strong product demand.
Share Repurchase Activity Repurchased $284M common stock year to date, with $562M remaining authorization under May 2022 program.
Risk Factors
Gross Margin Compression Nine month Gross margin fell 10 basis points to 48.3% due to unfavorable tariff impacts and lower software margins.
Higher Effective Tax Rate Effective tax rate jumped to 24.5% YTD versus 14.5% prior year, reducing Net Income results for the period.
Managing Business Complexity Expanded operations and acquisitions increase complexity, requiring successful management of supply chain and integration efforts.
Non-Hedged Derivative Loss Not designated hedging instruments recognized $24M loss in income for the nine months ended September 27, 2025.
Outlook
Segment Structure Change Reportable segments shift to CF and AVA effective fourth quarter, excluding share-based compensation from operating income.
Major Elo Acquisition Acquired Elo for $1.3B cash, expanding self-service portfolio; results will be included in new CF segment.
Liquidity Position Strong Capital resources, inclusive of borrowing capacity, deemed sufficient to meet anticipated requirements and service debt obligations.
Future Software Focus Strategy advances EAI vision, focusing on cloud-based subscriptions and integrating recent acquisitions for growth opportunities.
Peer Comparison
Revenue (TTM)
$7.02B
FTV$5.64B
ZBRA$5.26B
Gross Margin (Latest Quarter)
DT81.8%
BSY80.8%
GEN78.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FTV | $18.59B | 30.2 | 6.5% | 27.8% |
| ENTG | $17.79B | 61.8 | 7.6% | 46.5% |
| FN | $17.71B | 50.8 | 17.9% | 0.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
-14.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 12, 2026
EPS:$4.34
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 27, 2025|Filed: Oct 28, 2025|Revenue: $1.32B+5.2%|EPS: $1.98-25.6%MissForm 10-Q - Q2 2025
Period End: Jun 28, 2025|Filed: Aug 5, 2025|Revenue: $1.29B+6.7%|EPS: $2.20+0.5%MissForm 10-Q - Q1 2025
Period End: Mar 29, 2025|Filed: Apr 29, 2025|Revenue: $1.31B+11.4%|EPS: $2.64+17.9%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 13, 2025|Revenue: $4.98B+8.7%|EPS: $10.25+78.0%MissForm 10-Q - Q3 2024
Period End: Sep 28, 2024|Filed: Oct 29, 2024|Revenue: $1.26B+31.3%|EPS: $2.66-1017.2%MissForm 10-Q - Q2 2024
Period End: Jun 29, 2024|Filed: Jul 30, 2024|Revenue: $1.21B-0.2%|EPS: $2.19-21.8%MissForm 10-Q - Q1 2024
Period End: Mar 30, 2024|Filed: Apr 30, 2024|Revenue: $1.17B-16.4%|EPS: $2.24-23.3%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 15, 2024|Revenue: $4.58B-20.7%|EPS: $5.76-35.1%Miss