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

Zebra Technologies Corporation (ZBRA) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, Zebra Technologies Corporation (ZBRA) trades at a P/S ratio of 3.0×. Over the past ten years it has ranged from 0.7× (July 2016) to 6.2× (February 2021); the current reading is higher than 69% of that period. That is above the Communication Equipment industry median of 1.8× and above the Technology sector median of 2.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.3× (42.73%)
FY2024 4.0× 32.94%
FY2023 3.0× 27.82%
FY2022 2.3× (58.43%)
FY2021 5.7× 22.43%
FY2020 4.6× 50.17%
FY2019 3.1× 51.99%
FY2018 2.0× 36.94%
FY2017 1.5× 18.70%
FY2016 1.2× 27.91%

Quarterly newest first

Period P/S ratio Change
Jun 2026 2.1× 17.03%
Mar 2026 1.8× (19.73%)
Dec 2025 2.3× (20.39%)
Sep 2025 2.9× (5.08%)
42 more quarters

Against its own ten years

Low 0.7× High 6.2×
Ten-year median 2.5×
Current reading's percentile 66

P/S ratio against peers

Company P/S ratio
ERIC Ericsson compare 1.4×
VSAT Viasat Inc. compare 1.7×
NOK Nokia Corporation compare 2.2×
ZBRA Zebra Technologies Corporation 3.0×
VIAV Viavi Solutions Inc. compare 5.0×
CIEN Ciena Corporation compare 7.9×
AAOI Applied Optoelectronics, Inc. compare 10.3×
UI Ubiquiti Inc. compare 11.1×
ASTS AST SpaceMobile, Inc. compare 105×
Communication Equipment industry median 1.8×
Technology sector median 2.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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