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Zebra Technologies (ZBRA) | Financial Analysis & Statements

Zebra Technologies Corporation | Large-cap | Technology

$312.45

-1.64%

Zebra Technologies vs Cisco Systems Zebra Technologies vs Motorola Solutions Zebra Technologies vs Ubiquiti Zebra Technologies vs Hewlett Packard Zebra Technologies vs Ast Spacemobile Zebra Technologies vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 1.3B

Gross Profit 645.0M 49.31%

Operating Income 198.0M 15.14%

Net Income 136.0M 10.40%

EPS (Diluted) $2.62

Balance Sheet Metrics

Total Assets 7.9B

Total Liabilities 4.3B

Shareholders Equity 3.6B

Debt to Equity 1.19

Cash Flow Metrics

Operating Cash Flow 288.0M

Free Cash Flow 158.0M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Zebra Technologies Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	5.0B	4.6B	5.8B	5.6B	4.4B
Cost of Goods Sold i	2.6B	2.5B	3.2B	3.0B	2.4B
Gross Profit i	2.4B	2.1B	2.6B	2.6B	2.0B
Gross Margin % i	48.4%	46.3%	45.4%	46.7%	45.0%
Operating Expenses
Research & Development i	563.0M	519.0M	570.0M	567.0M	453.0M
Selling, General & Administrative i	981.0M	915.0M	982.0M	935.0M	787.0M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	1.5B	1.4B	1.6B	1.5B	1.2B
Operating Income i	765.0M	585.0M	936.0M	1.0B	685.0M
Operating Margin % i	15.4%	12.8%	16.2%	18.0%	15.4%
Non-Operating Items
Interest Income i	-	-	23.0M	-	-
Interest Expense i	-	133.0M	-	5.0M	76.0M
Other Non-Operating Income	-32.0M	-118.0M	-415.0M	-38.0M	-49.0M
Pre-tax Income i	635.0M	334.0M	544.0M	968.0M	560.0M
Income Tax i	107.0M	38.0M	81.0M	131.0M	56.0M
Effective Tax Rate % i	16.9%	11.4%	14.9%	13.5%	10.0%
Net Income i	528.0M	296.0M	463.0M	837.0M	504.0M
Net Margin % i	10.6%	6.5%	8.0%	14.9%	11.3%
Key Metrics
EBITDA i	955.0M	749.0M	1.6B	1.2B	834.0M
EPS (Basic) i	$10.25	$5.75	$8.86	$15.66	$9.43
EPS (Diluted) i	$10.18	$5.72	$8.80	$15.52	$9.35
Basic Shares Outstanding i	51494957	51378051	52207903	53446399	53441375
Diluted Shares Outstanding i	51494957	51378051	52207903	53446399	53441375

Income Statement Trend

Zebra Technologies Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	901.0M	137.0M	105.0M	332.0M	168.0M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	692.0M	521.0M	768.0M	752.0M	508.0M
Inventory i	693.0M	804.0M	860.0M	491.0M	511.0M
Other Current Assets	134.0M	147.0M	124.0M	106.0M	70.0M
Total Current Assets i	2.4B	1.7B	1.9B	1.7B	1.3B
Non-Current Assets
Property, Plant & Equipment i	167.0M	169.0M	156.0M	131.0M	135.0M
Goodwill i	8.2B	8.3B	8.4B	7.0B	6.4B
Intangible Assets i	422.0M	527.0M	630.0M	469.0M	402.0M
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	743.0M	734.0M	683.0M	389.0M	303.0M
Total Non-Current Assets i	5.5B	5.6B	5.6B	4.5B	4.1B
Total Assets i	8.0B	7.3B	7.5B	6.2B	5.4B
Liabilities
Current Liabilities
Accounts Payable i	633.0M	456.0M	811.0M	700.0M	601.0M
Short-term Debt i	36.0M	215.0M	251.0M	102.0M	394.0M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	79.0M	7.0M	19.0M	15.0M	54.0M
Total Current Liabilities i	1.7B	1.6B	2.3B	1.8B	1.9B
Non-Current Liabilities
Long-term Debt i	2.2B	2.2B	1.9B	1.0B	1.0B
Deferred Tax Liabilities i	57.0M	67.0M	75.0M	6.0M	0
Other Non-Current Liabilities	70.0M	94.0M	108.0M	67.0M	97.0M
Total Non-Current Liabilities i	2.7B	2.7B	2.5B	1.4B	1.4B
Total Liabilities i	4.4B	4.3B	4.8B	3.2B	3.2B
Equity
Common Stock i	1.0M	1.0M	1.0M	1.0M	1.0M
Retained Earnings i	4.9B	4.3B	4.0B	3.6B	2.7B
Treasury Stock i	1.9B	1.9B	1.8B	1.0B	919.0M
Other Equity	-	-	-	-	-
Total Shareholders Equity i	3.6B	3.0B	2.7B	3.0B	2.1B
Key Metrics
Total Debt i	2.3B	2.4B	2.2B	1.1B	1.4B
Working Capital i	736.0M	74.0M	-449.0M	-111.0M	-578.0M

Balance Sheet Composition

Zebra Technologies Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	528.0M	296.0M	463.0M	837.0M	504.0M
Depreciation & Amortization i	172.0M	176.0M	204.0M	187.0M	146.0M
Stock-Based Compensation i	89.0M	55.0M	88.0M	76.0M	51.0M
Working Capital Changes i	118.0M	-418.0M	78.0M	-43.0M	248.0M
Operating Cash Flow i	913.0M	76.0M	628.0M	989.0M	913.0M
Investing Activities
Capital Expenditures i	-59.0M	-87.0M	-75.0M	-59.0M	-67.0M
Acquisitions i	0	0	-881.0M	-452.0M	-548.0M
Investment Purchases i	-3.0M	-5.0M	-12.0M	-35.0M	-32.0M
Investment Sales i	5.0M	-	0	0	6.0M
Investing Cash Flow i	-57.0M	-92.0M	-968.0M	-547.0M	-641.0M
Financing Activities
Share Repurchases i	-47.0M	-52.0M	-751.0M	-57.0M	-200.0M
Dividends Paid i	-	-	-	-	-
Debt Issuance i	651.0M	440.0M	1.3B	46.0M	302.0M
Debt Repayment i	-694.0M	-245.0M	-247.0M	-303.0M	-342.0M
Financing Cash Flow i	-190.0M	117.0M	253.0M	-371.0M	-157.0M
Free Cash Flow i	954.0M	-91.0M	413.0M	1.0B	895.0M
Net Change in Cash i	666.0M	101.0M	-87.0M	71.0M	115.0M

Cash Flow Trend

Zebra Technologies Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 30.02

Forward P/E 19.80

Price to Book 4.46

Price to Sales 3.11

PEG Ratio 19.80

Profitability Ratios

Profit Margin 10.56%

Operating Margin 14.46%

Return on Equity 15.88%

Return on Assets 6.56%

Financial Health

Current Ratio 1.46

Debt to Equity 65.25

Beta 1.75

Per Share Data

EPS (TTM) $10.58

Book Value per Share $71.15

Revenue per Share $101.07

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
zbra	16.2B	30.02	4.46	15.88%	10.56%	65.25
Cisco Systems	284.3B	29.30	6.19	21.36%	17.60%	66.93
Motorola Solutions	75.5B	36.51	38.38	151.52%	19.08%	419.96
Ubiquiti	28.4B	51.56	65.08	237.68%	23.65%	87.98
Hewlett Packard	27.3B	20.01	1.14	6.37%	4.60%	73.38
Ast Spacemobile	16.2B	-24.04	19.43	-104.54%	100.00%	62.58

Financial data is updated regularly. All figures are in the company's reporting currency.