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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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Zebra Technologies Corporation (ZBRA) trades at a price to free cash flow of 19.5×. Over the past ten years it has ranged from 0.0× (March 2024) to 283× (December 2023); the current reading is higher than 43% of that period. That is below the Communication Equipment industry median of 22.9× and in line with the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

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× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 13.9× 13.35%
Mar 2026 12.3× (17.45%)
Dec 2025 14.9× (22.09%)
Sep 2025 19.1× 3.51%
42 more quarters

Against its own ten years

Low 0.0× High 283×
Ten-year median 20.5×
Current reading's percentile 43

Price to free cash flow against peers

Company Price to free cash flow
AAOI Applied Optoelectronics, Inc. compare n/m
ASTS AST SpaceMobile, Inc. compare n/m
ERIC Ericsson compare 11.4×
ZBRA Zebra Technologies Corporation 19.5×
VSAT Viasat Inc. compare 22.9×
UI Ubiquiti Inc. compare 40.0×
VIAV Viavi Solutions Inc. compare 46.0×
CIEN Ciena Corporation compare 58.0×
NOK Nokia Corporation compare 83.0×
Communication Equipment industry median 22.9×
Technology sector median 20.0×
Market median 14.2×

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 →

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