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. In the quarter to June 2026, revenue grew 20.4%, EPS grew 122.3%, free cash flow grew 52.3% and total debt rose 27.4%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Zebra Technologies Corporation (ZBRA) Free cash flow
Zebra Technologies Corporation's free cash flow for fiscal 2025 was $831.0M, down 12.9% from $954.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was $904.0M. Over the past ten years it has ranged from −$91.0M (fiscal 2023) to $1.0B (fiscal 2021); the current reading is higher than 73% of that period. Zebra Technologies Corporation ranks 6th of 47 Communication Equipment companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $831.0M | (12.89%) |
| FY2024 | $954.0M | — |
| FY2023 | −$91.0M | — |
| FY2022 | $413.0M | (59.11%) |
| FY2021 | $1.0B | 12.85% |
| FY2020 | $895.0M | 43.43% |
| FY2019 | $624.0M | (13.45%) |
| FY2018 | $721.0M | 68.46% |
| FY2017 | $428.0M | 41.25% |
| FY2016 | $303.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $198.0M | 21.47% |
| Mar 2026 | $163.0M | (50.15%) |
| Dec 2025 | $327.0M | 51.39% |
| Sep 2025 | $216.0M | 66.15% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ERIC Ericsson compare | $3.1B |
| UI Ubiquiti Inc. compare | $908.9M |
| ZBRA Zebra Technologies Corporation | $904.0M |
| CIEN Ciena Corporation compare | $814.4M |
| NOK Nokia Corporation compare | $616.5M |
| VSAT Viasat Inc. compare | $578.3M |
| VIAV Viavi Solutions Inc. compare | $166.4M |
| AAOI Applied Optoelectronics, Inc. compare | −$592.7M |
| ASTS AST SpaceMobile, Inc. compare | −$1.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on ZBRA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement