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) Return on invested capital

Alert me on Return on invested capital

Zebra Technologies Corporation's return on invested capital over the twelve months to 30 June 2026 was 8.87%, up 1.5 percentage points from fiscal 2025 (7.33%). Over the past ten years it has ranged from 0.62% (fiscal 2015) to 16.8% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Communication Equipment industry median of 0.72% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 7.33% (2.22)
FY2024 9.55% 3.68
FY2023 5.87% (1.24)
FY2022 7.11% (9.69)
FY2021 16.8% 4.17
FY2020 12.6% (1.38)
FY2019 14.0% 0.78
FY2018 13.2% 6.52
FY2017 6.71% 5.19
FY2016 1.52% 0.90

Against its own ten years

Low 0.62% High 16.8%
Ten-year median 7.33%
Current reading's percentile 55

Return on invested capital against peers

Company Return on invested capital
UI Ubiquiti Inc. compare 89.4%
ERIC Ericsson compare 25.1%
CIEN Ciena Corporation compare 12.6%
ZBRA Zebra Technologies Corporation 8.87%
VIAV Viavi Solutions Inc. compare 4.58%
NOK Nokia Corporation compare 2.83%
VSAT Viasat Inc. compare 0.72%
AAOI Applied Optoelectronics, Inc. compare −2.96%
ASTS AST SpaceMobile, Inc. compare −12.2%
Communication Equipment industry median 0.72%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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