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

Zebra Technologies Corporation (ZBRA) Net margin

Alert me on Net margin

Zebra Technologies Corporation's net margin over the twelve months to 30 September 2026 was 9.80%, up 2.0 percentage points from fiscal 2025 (7.77%). Over the past ten years it has ranged from −4.33% (fiscal 2015) to 14.9% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Communication Equipment industry median of −0.64% and above the Technology sector median of 0.00%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 7.77% (2.83)
FY2024 10.6% 4.14
FY2023 6.46% (1.55)
FY2022 8.01% (6.86)
FY2021 14.9% 3.54
FY2020 11.3% (0.80)
FY2019 12.1% 2.15
FY2018 9.98% 9.52
FY2017 0.46% 4.29
FY2016 −3.83% 0.50

Quarterly newest first

Period Net margin Change (points)
Sep 2026 10.2% (4.80)
Jun 2026 15.0% 5.93
Mar 2026 9.03% 4.28
Dec 2025 4.75% (2.90)
43 more quarters

Against its own ten years

Low −4.33% High 14.9%
Ten-year median 8.01%
Current reading's percentile 58

Net margin against peers

Company Net margin
UI Ubiquiti Inc. compare 29.3%
CIEN Ciena Corporation compare 10.9%
ZBRA Zebra Technologies Corporation 9.80%
ERIC Ericsson compare 8.18%
VIAV Viavi Solutions Inc. compare 3.97%
NOK Nokia Corporation compare 3.70%
VSAT Viasat Inc. compare −0.64%
AAOI Applied Optoelectronics, Inc. compare −4.39%
ASTS AST SpaceMobile, Inc. compare −536.7%
Communication Equipment industry median −0.64%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on ZBRA