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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.

368.77 8.74 −2.32%
Market cap
$17.9B
P/E
33.5×
Fwd P/E
18.8×
Dividend yield
—
F-score
5/9
Altman Z
3.27
Beneish M
−2.57
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Zebra Technologies Corporation (ZBRA) Operating cash flow

Alert me on Operating cash flow

Zebra Technologies Corporation's operating cash flow for fiscal 2025 was $917.0M, down 9.48% from $1.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $979.0M. Over the past ten years it has ranged from −$4.0M (fiscal 2023) to $1.1B (fiscal 2021); the current reading is higher than 73% of that period. Zebra Technologies Corporation ranks 8th of 47 Communication Equipment companies by operating cash flow.

Operating cash flow, annual

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Annual newest first

Period Operating cash flow Change
FY2025 $917.0M (9.48%)
FY2024 $1.0B —
FY2023 −$4.0M —
FY2022 $488.0M (54.35%)
FY2021 $1.1B 11.12%
FY2020 $962.0M 40.44%
FY2019 $685.0M (12.74%)
FY2018 $785.0M 64.23%
FY2017 $478.0M 25.79%
FY2016 $380.0M 211.48%

Quarterly newest first

Period Operating cash flow Change
Jun 2026 $211.0M 19.89%
Mar 2026 $176.0M (50.70%)
Dec 2025 $357.0M 51.91%
Sep 2025 $235.0M 59.86%
42 more quarters

Against its own ten years

Low −$4.0M High $1.1B
Ten-year median $685.0M
Current reading's percentile 73

Operating cash flow against peers

Company Operating cash flow
ERIC Ericsson compare $3.5B
VSAT Viasat Inc. compare $1.6B
NOK Nokia Corporation compare $1.3B
CIEN Ciena Corporation compare $1.1B
ZBRA Zebra Technologies Corporation $979.0M
UI Ubiquiti Inc. compare $928.7M
VIAV Viavi Solutions Inc. compare $211.2M
AAOI Applied Optoelectronics, Inc. compare −$131.8M
ASTS AST SpaceMobile, Inc. compare −$144.7M

What Operating cash flow is

Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.

Reported line item

The full definition of Operating cash flow →

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