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Friday 6 November 2026 Export ZBRA’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Zebra Technologies Corporation (ZBRA) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Zebra Technologies Corporation (ZBRA) trades at a P/S ratio of 2.5×. Over the past ten years it has ranged from 0.7× (July 2016) to 6.2× (February 2021); the current reading is higher than 48% of that period. That is above the Communication Equipment industry median of 1.7× and in line with the Technology sector median of 2.6×.

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
Sep 2026 2.9× 33.77%
Jun 2026 2.1× 17.03%
Mar 2026 1.8× (19.73%)
Dec 2025 2.3× (20.39%)
43 more quarters

Against its own ten years

Low 0.7× High 6.2×
Ten-year median 2.5×
Current reading's percentile 46

P/S ratio against peers

Company P/S ratio
ERIC Ericsson compare 1.4×
NOK Nokia Corporation compare 1.7×
VSAT Viasat Inc. compare 1.8×
ZBRA Zebra Technologies Corporation 2.5×
VIAV Viavi Solutions Inc. compare 3.8×
CIEN Ciena Corporation compare 5.5×
AAOI Applied Optoelectronics, Inc. compare 5.6×
UI Ubiquiti Inc. compare 9.5×
ASTS AST SpaceMobile, Inc. compare 79.0×
Communication Equipment industry median 1.7×
Technology sector median 2.6×
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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