Friday 6 November 2026 Export ZBRA’s income statement to Excel — free account

Zebra Technologies Corporation

Zebra Technologies Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 8.33% from fiscal 2024.

Revenue: +22.3%
EPS: +75.2%
Free cash flow: +38.9%
Total debt: +18.3%

Quarter to September 2026, against a year earlier

324.22 2.58 +0.80%

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Market cap: $15.2B
P/E: 25.9×
Fwd P/E: 24.3×
Dividend yield: —
F-score: 5/9
Altman Z: 3.27
Beneish M: −2.57
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Zebra Technologies Corporation (ZBRA) Debt to equity

Alert me on Debt to equity

Zebra Technologies Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.7×, up 0.0× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.3× (fiscal 2021) to 3.4× (fiscal 2015); the current reading is higher than 45% of that period. That is above the Communication Equipment industry median of 0.0× and above the Technology sector median of 0.1×.

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<iframe src="https://stockrow.com/embed/ZBRA/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Zebra Technologies Corporation debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ZBRA/metrics/debt-to-equity">Zebra Technologies Corporation (ZBRA) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.7×	15.18%
FY2024	0.6×	(17.20%)
FY2023	0.7×	(1.22%)
FY2022	0.7×	122.88%
FY2021	0.3×	(42.81%)
FY2020	0.6×	(16.37%)
FY2019	0.7×	(41.74%)
FY2018	1.2×	(55.37%)
FY2017	2.7×	(20.13%)
FY2016	3.3×	(0.87%)

Period	Debt to equity	Change
Sep 2026	0.7×	(10.57%)
Jun 2026	0.8×	5.47%
Mar 2026	0.8×	9.57%
Dec 2025	0.7×	20.24%
43 more quarters	Free account

Against its own ten years

Low 0.3× High 3.4×

Ten-year median 0.7×

Current reading's percentile 45

Company	Debt to equity
AAOI Applied Optoelectronics, Inc. compare	0.0×
UI Ubiquiti Inc. compare	0.0×
NOK Nokia Corporation compare	0.1×
ERIC Ericsson compare	0.3×
VIAV Viavi Solutions Inc. compare	0.5×
ZBRA Zebra Technologies Corporation	0.7×
CIEN Ciena Corporation compare	1.1×
ASTS AST SpaceMobile, Inc. compare	1.2×
VSAT Viasat Inc. compare	1.4×
Communication Equipment industry median	0.0×
Technology sector median	0.1×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Zebra Technologies Corporation (ZBRA) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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