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

Zebra Technologies Corporation

ZBRA Technology Communication Equipment

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

322.06 0.42 +0.13%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Zebra Technologies Corporation (ZBRA) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Zebra Technologies Corporation (ZBRA) trades at a EV/Sales of 2.9×. Over the past ten years it has ranged from 1.4× (July 2016) to 6.4× (February 2021); the current reading is higher than 47% of that period. That is above the Communication Equipment industry median of 1.8× and above the Technology sector median of 2.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 2.7× (35.79%)
FY2024 4.2× 22.84%
FY2023 3.5× 28.95%
FY2022 2.7× (53.53%)
FY2021 5.8× 18.74%
FY2020 4.9× 44.93%
FY2019 3.4× 40.30%
FY2018 2.4× 16.07%
FY2017 2.1× 5.97%
FY2016 1.9× 11.24%

Quarterly newest first

Period EV/Sales Change
Sep 2026 3.3× 25.74%
Jun 2026 2.6× 13.31%
Mar 2026 2.3× (16.04%)
Dec 2025 2.7× (11.61%)
43 more quarters

Against its own ten years

Low 1.4× High 6.4×
Ten-year median 2.9×
Current reading's percentile 47

EV/Sales against peers

Company EV/Sales
ERIC Ericsson compare 1.3×
NOK Nokia Corporation compare 1.6×
VSAT Viasat Inc. compare 2.8×
ZBRA Zebra Technologies Corporation 2.9×
VIAV Viavi Solutions Inc. compare 3.8×
AAOI Applied Optoelectronics, Inc. compare 5.1×
CIEN Ciena Corporation compare 5.6×
UI Ubiquiti Inc. compare 9.5×
ASTS AST SpaceMobile, Inc. compare 84.9×
Communication Equipment industry median 1.8×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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