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

322.06 0.42 +0.13%

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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) Price to free cash flow

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As of 5 November 2026, Zebra Technologies Corporation (ZBRA) trades at a price to free cash flow of 15.5×. Over the past ten years it has ranged from 0.0× (March 2024) to 283× (December 2023); the current reading is higher than 22% of that period. That is below the Communication Equipment industry median of 21.7× and below the Technology sector median of 18.7×.

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

Period	Price to free cash flow	Change
FY2025	14.9×	(28.77%)
FY2024	20.8×	—
FY2023	0.0×	—
FY2022	32.9×	4.43%
FY2021	31.5×	37.25%
FY2020	22.9×	3.83%
FY2019	22.1×	86.74%
FY2018	11.8×	(7.88%)
FY2017	12.8×	(12.49%)
FY2016	14.7×	—

Period	Price to free cash flow	Change
Sep 2026	17.9×	28.55%
Jun 2026	13.9×	13.35%
Mar 2026	12.3×	(17.45%)
Dec 2025	14.9×	(22.09%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 283×

Ten-year median 20.5×

Current reading's percentile 22

Company	Price to free cash flow
AAOI Applied Optoelectronics, Inc. compare	n/m
ASTS AST SpaceMobile, Inc. compare	n/m
ERIC Ericsson compare	12.0×
ZBRA Zebra Technologies Corporation	15.5×
VSAT Viasat Inc. compare	23.4×
VIAV Viavi Solutions Inc. compare	32.4×
UI Ubiquiti Inc. compare	34.3×
CIEN Ciena Corporation compare	40.8×
NOK Nokia Corporation compare	3,933×
Communication Equipment industry median	21.7×
Technology sector median	18.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Zebra Technologies Corporation (ZBRA) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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