Zebra Technologies Corporation Financials

ZBRA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Zebra Technologies Corporation (ZBRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Zebra Technologies Corporation has an operating margin of 13.0%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is down from 14.9% the prior year.

Growth

Zebra Technologies Corporation's revenue grew 8.3% year-over-year to $5.4B, a solid pace of expansion. This earns a growth score of 52/100.

Leverage

Zebra Technologies Corporation carries a low D/E ratio of 0.66, meaning only $0.66 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Zebra Technologies Corporation's current ratio of 0.97 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 19/100, which could limit financial flexibility.

Cash Flow

Zebra Technologies Corporation converts 15.4% of revenue into free cash flow ($831.0M). This strong cash generation earns a score of 77/100.

Returns

Zebra Technologies Corporation's ROE of 11.7% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 14.7% the prior year.

Altman Z-Score Safe

3.28

Zebra Technologies Corporation scores 3.28, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Zebra Technologies Corporation passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.19x

For every $1 of reported earnings, Zebra Technologies Corporation generates $2.19 in operating cash flow ($917.0M OCF vs $419.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$5.4B

YoY+8.3%

5Y CAGR+3.9%

10Y CAGR+4.0%

Zebra Technologies Corporation generated $5.4B in revenue in fiscal year 2025. This represents an increase of 8.3% from the prior year.

EBITDA

$885.0M

YoY-3.2%

5Y CAGR+2.1%

10Y CAGR+9.5%

Zebra Technologies Corporation's EBITDA was $885.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.2% from the prior year.

Free Cash Flow

$831.0M

YoY-12.9%

5Y CAGR-1.5%

Zebra Technologies Corporation generated $831.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 12.9% from the prior year.

Net Income

$419.0M

YoY-20.6%

5Y CAGR-3.6%

Zebra Technologies Corporation reported $419.0M in net income in fiscal year 2025. This represents a decrease of 20.6% from the prior year.

EPS (Diluted)

$8.18

YoY-19.6%

5Y CAGR-2.6%

Zebra Technologies Corporation earned $8.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 19.6% from the prior year.

Cash & Debt

$125.0M

YoY-86.1%

5Y CAGR-5.7%

10Y CAGR-4.2%

Zebra Technologies Corporation held $125.0M in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

49M

YoY-4.3%

5Y CAGR-1.7%

Zebra Technologies Corporation had 49M shares outstanding in fiscal year 2025. This represents a decrease of 4.3% from the prior year.

Gross Margin

48.0%

YoY-0.4pp

5Y CAGR+3.0pp

10Y CAGR+3.0pp

Zebra Technologies Corporation's gross margin was 48.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin

13.0%

YoY-1.9pp

5Y CAGR-1.7pp

10Y CAGR+12.0pp

Zebra Technologies Corporation's operating margin was 13.0% in fiscal year 2025, reflecting core business profitability. This is down 1.9 percentage points from the prior year.

Net Margin

7.8%

YoY-2.8pp

5Y CAGR-3.6pp

10Y CAGR+12.1pp

Zebra Technologies Corporation's net profit margin was 7.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

11.7%

YoY-3.0pp

5Y CAGR-11.8pp

Zebra Technologies Corporation's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the prior year.

R&D Spending

$593.0M

YoY+5.3%

5Y CAGR+5.5%

10Y CAGR+4.2%

Zebra Technologies Corporation invested $593.0M in research and development in fiscal year 2025. This represents an increase of 5.3% from the prior year.

Share Buybacks

$587.0M

YoY+1148.9%

5Y CAGR+24.0%

Zebra Technologies Corporation spent $587.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1148.9% from the prior year.

Capital Expenditures

$86.0M

YoY+45.8%

5Y CAGR+5.1%

10Y CAGR-3.4%

Zebra Technologies Corporation invested $86.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 45.8% from the prior year.

ZBRA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.4B+8.3%	$5.0B+8.7%	$4.6B-20.7%	$5.8B+2.7%	$5.6B+26.5%	$4.4B
Cost of Revenue	$2.8B+9.2%	$2.6B+4.3%	$2.5B-22.0%	$3.2B+5.3%	$3.0B+22.7%	$2.4B
Gross Profit	$2.6B+7.5%	$2.4B+13.7%	$2.1B-19.1%	$2.6B-0.2%	$2.6B+31.2%	$2.0B
R&D Expenses	$593.0M+5.3%	$563.0M+8.5%	$519.0M-8.9%	$570.0M+0.5%	$567.0M+25.2%	$453.0M
SG&A Expenses	$433.0M+13.6%	$381.0M+14.1%	$334.0M-10.9%	$375.0M+7.8%	$348.0M+14.5%	$304.0M
Operating Income	$700.0M-5.7%	$742.0M+54.3%	$481.0M-9.1%	$529.0M-46.0%	$979.0M+50.4%	$651.0M
Interest Expense	N/A	N/A	N/A	N/A	$5.0M-93.4%	$76.0M
Income Tax	$141.0M+31.8%	$107.0M+181.6%	$38.0M-53.1%	$81.0M-38.2%	$131.0M+133.9%	$56.0M
Net Income	$419.0M-20.6%	$528.0M+78.4%	$296.0M-36.1%	$463.0M-44.7%	$837.0M+66.1%	$504.0M
EPS (Diluted)	$8.18-19.6%	$10.18+78.0%	$5.72-35.0%	$8.80-43.3%	$15.52+66.0%	$9.35

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Revenue	$1.5B+11.7%	$1.3B+2.1%	$1.3B-1.1%	$1.3B-1.9%	$1.3B+32.2%	$1.0B+5.5%	$956.0M-21.3%	$1.2B
Cost of Revenue	$777.0M+13.3%	$686.0M+1.3%	$677.0M+2.1%	$663.0M-3.4%	$686.0M+22.3%	$561.0M+6.0%	$529.0M-16.4%	$633.0M
Gross Profit	$698.0M+10.1%	$634.0M+2.9%	$616.0M-4.5%	$645.0M-0.5%	$648.0M+44.6%	$448.0M+4.9%	$427.0M-26.5%	$581.0M
R&D Expenses	$152.0M+4.1%	$146.0M+1.4%	$144.0M-4.6%	$151.0M+9.4%	$138.0M+19.0%	$116.0M-8.7%	$127.0M-2.3%	$130.0M
SG&A Expenses	$109.0M-1.8%	$111.0M+8.8%	$102.0M-8.1%	$111.0M+3.7%	$107.0M+37.2%	$78.0M-11.4%	$88.0M+27.5%	$69.0M
Operating Income	$139.0M-24.0%	$183.0M0.0%	$183.0M-6.2%	$195.0M-13.3%	$225.0M+204.1%	$74.0M+716.7%	-$12.0M-106.2%	$194.0M
Interest Expense	N/A	N/A	N/A	-$17.0M	N/A	N/A	-$16.0M0.0%	-$16.0M
Income Tax	$28.0M-51.7%	$58.0M+123.1%	$26.0M-10.3%	$29.0M-35.6%	$45.0M+400.0%	-$15.0M-66.7%	-$9.0M-133.3%	$27.0M
Net Income	$70.0M-30.7%	$101.0M-9.8%	$112.0M-17.6%	$136.0M-16.6%	$163.0M+858.8%	$17.0M+213.3%	-$15.0M-110.4%	$144.0M
EPS (Diluted)	$1.40-28.9%	$1.97-10.0%	$2.19-16.4%	$2.62-16.6%	$3.14+881.3%	$0.32+214.3%	$-0.28-110.1%	$2.78

ZBRA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.5B+6.7%	$8.0B+9.1%	$7.3B-3.0%	$7.5B+21.1%	$6.2B+15.6%	$5.4B
Current Assets	$1.8B-26.4%	$2.4B+45.9%	$1.7B-11.2%	$1.9B+11.5%	$1.7B+32.7%	$1.3B
Cash & Equivalents	$125.0M-86.1%	$901.0M+557.7%	$137.0M+30.5%	$105.0M-68.4%	$332.0M+97.6%	$168.0M
Inventory	$729.0M+5.2%	$693.0M-13.8%	$804.0M-6.5%	$860.0M+75.2%	$491.0M-3.9%	$511.0M
Accounts Receivable	$801.0M+15.8%	$692.0M+32.8%	$521.0M-32.2%	$768.0M+2.1%	$752.0M+48.0%	$508.0M
Goodwill	$4.7B+21.5%	$3.9B-0.1%	$3.9B-0.1%	$3.9B+19.4%	$3.3B+9.3%	$3.0B
Total Liabilities	$4.9B+12.1%	$4.4B+2.6%	$4.3B-11.0%	$4.8B+48.4%	$3.2B0.0%	$3.2B
Current Liabilities	$1.9B+8.7%	$1.7B+6.6%	$1.6B-31.5%	$2.3B+29.6%	$1.8B-2.8%	$1.9B
Long-Term Debt	$2.4B+12.9%	$2.1B+2.2%	$2.0B+13.2%	$1.8B+96.2%	$922.0M+4.7%	$881.0M
Total Equity	$3.6B+0.1%	$3.6B+18.1%	$3.0B+11.1%	$2.7B-8.4%	$3.0B+39.2%	$2.1B
Retained Earnings	$5.3B+8.6%	$4.9B+12.2%	$4.3B+7.3%	$4.0B+13.0%	$3.6B+30.6%	$2.7B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Total Assets	$8.5B+5.4%	$8.1B+1.6%	$7.9B+0.5%	$7.9B-0.9%	$8.0B+9.1%	$7.3B-0.3%	$7.3B-1.7%	$7.5B
Current Assets	$1.8B-30.3%	$2.6B+10.4%	$2.3B+1.9%	$2.3B-6.1%	$2.4B+45.9%	$1.7B+1.2%	$1.7B-5.8%	$1.8B
Cash & Equivalents	$125.0M-88.1%	$1.1B+20.8%	$872.0M-0.8%	$879.0M-2.4%	$901.0M+557.7%	$137.0M+124.6%	$61.0M-10.3%	$68.0M
Inventory	$729.0M+10.0%	$663.0M-3.4%	$686.0M+0.7%	$681.0M-1.7%	$693.0M-13.8%	$804.0M-5.2%	$848.0M-1.9%	$864.0M
Accounts Receivable	$801.0M+22.3%	$655.0M+3.3%	$634.0M+2.8%	$617.0M-10.8%	$692.0M+32.8%	$521.0M-3.2%	$538.0M-18.9%	$663.0M
Goodwill	$4.7B+20.2%	$3.9B0.0%	$3.9B+0.1%	$3.9B+0.9%	$3.9B-0.1%	$3.9B+0.1%	$3.9B-0.1%	$3.9B
Total Liabilities	$4.9B+13.8%	$4.3B0.0%	$4.3B+1.1%	$4.3B-2.5%	$4.4B+2.6%	$4.3B-1.1%	$4.3B-3.3%	$4.5B
Current Liabilities	$1.9B+15.5%	$1.6B+0.6%	$1.6B+0.8%	$1.6B-7.2%	$1.7B+6.6%	$1.6B+2.3%	$1.6B-11.8%	$1.8B
Long-Term Debt	$2.4B+12.1%	$2.1B-1.0%	$2.1B+1.2%	$2.1B+0.5%	$2.1B+2.2%	$2.0B-3.5%	$2.1B+3.9%	$2.0B
Total Equity	$3.6B-4.2%	$3.7B+3.6%	$3.6B-0.2%	$3.6B+1.1%	$3.6B+18.1%	$3.0B+0.8%	$3.0B+0.7%	$3.0B
Retained Earnings	$5.3B+1.3%	$5.2B+2.0%	$5.1B+2.2%	$5.0B+2.8%	$4.9B+12.2%	$4.3B+0.4%	$4.3B-0.3%	$4.3B

ZBRA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$917.0M-9.5%	$1.0B+25425.0%	-$4.0M-100.8%	$488.0M-54.3%	$1.1B+11.1%	$962.0M
Capital Expenditures	$86.0M+45.8%	$59.0M-32.2%	$87.0M+16.0%	$75.0M+27.1%	$59.0M-11.9%	$67.0M
Free Cash Flow	$831.0M-12.9%	$954.0M+1148.4%	-$91.0M-122.0%	$413.0M-59.1%	$1.0B+12.8%	$895.0M
Investing Cash Flow	-$1.5B-2452.6%	-$57.0M+38.0%	-$92.0M+90.5%	-$968.0M-77.3%	-$546.0M+14.8%	-$641.0M
Financing Cash Flow	-$239.0M-25.8%	-$190.0M-262.4%	$117.0M-53.8%	$253.0M+168.2%	-$371.0M-136.3%	-$157.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$587.0M+1148.9%	$47.0M-9.6%	$52.0M-93.1%	$751.0M+1217.5%	$57.0M-71.5%	$200.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Operating Cash Flow	$357.0M+51.9%	$235.0M+59.9%	$147.0M-17.4%	$178.0M-41.8%	$306.0M+117.0%	$141.0M+502.9%	-$35.0M-2.9%	-$34.0M
Capital Expenditures	$30.0M+57.9%	$19.0M+11.8%	$17.0M-15.0%	$20.0M+11.1%	$18.0M-53.8%	$39.0M+178.6%	$14.0M-22.2%	$18.0M
Free Cash Flow	$327.0M+51.4%	$216.0M+66.2%	$130.0M-17.7%	$158.0M-45.1%	$288.0M+182.4%	$102.0M+308.2%	-$49.0M+5.8%	-$52.0M
Investing Cash Flow	-$1.3B-5963.6%	-$22.0M-29.4%	-$17.0M+79.3%	-$82.0M-446.7%	-$15.0M+65.1%	-$43.0M-207.1%	-$14.0M+22.2%	-$18.0M
Financing Cash Flow	$47.0M+262.1%	-$29.0M+79.0%	-$138.0M-16.0%	-$119.0M-88.9%	-$63.0M-173.9%	-$23.0M-153.5%	$43.0M+59.3%	$27.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$303.0M+791.2%	$34.0M-72.8%	$125.0M0.0%	$125.0M+303.2%	$31.0M	$0	$0-100.0%	$37.0M

ZBRA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.0%-0.4pp	48.4%+2.1pp	46.3%+0.9pp	45.4%-1.3pp	46.7%+1.7pp	45.0%
Operating Margin	13.0%-1.9pp	14.9%+4.4pp	10.5%+1.3pp	9.2%-8.2pp	17.4%+2.8pp	14.6%
Net Margin	7.8%-2.8pp	10.6%+4.1pp	6.5%-1.6pp	8.0%-6.9pp	14.9%+3.5pp	11.3%
Return on Equity	11.7%-3.0pp	14.7%+5.0pp	9.8%-7.2pp	16.9%-11.1pp	28.1%+4.5pp	23.5%
Return on Assets	4.9%-1.7pp	6.6%+2.6pp	4.0%-2.1pp	6.2%-7.3pp	13.5%+4.1pp	9.4%
Current Ratio	0.97-0.5	1.43+0.4	1.05+0.2	0.81-0.1	0.94+0.3	0.69
Debt-to-Equity	0.66+0.1	0.58-0.1	0.67+0.0	0.66+0.4	0.31-0.1	0.41
FCF Margin	15.4%-3.8pp	19.1%+21.1pp	-2.0%-9.1pp	7.1%-10.8pp	17.9%-2.2pp	20.1%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Gross Margin	47.3%-0.7pp	48.0%+0.4pp	47.6%-1.7pp	49.3%+0.7pp	48.6%+4.2pp	44.4%-0.3pp	44.7%-3.2pp	47.9%
Operating Margin	9.4%-4.4pp	13.9%-0.3pp	14.1%-0.8pp	14.9%-2.0pp	16.9%+9.5pp	7.3%+8.6pp	-1.3%-17.2pp	16.0%
Net Margin	4.8%-2.9pp	7.6%-1.0pp	8.7%-1.7pp	10.4%-1.8pp	12.2%+10.5pp	1.7%+3.3pp	-1.6%-13.4pp	11.9%
Return on Equity	1.9%-0.8pp	2.7%-0.4pp	3.1%-0.6pp	3.8%-0.8pp	4.5%+4.0pp	0.6%	N/A	4.8%
Return on Assets	0.8%-0.4pp	1.3%-0.2pp	1.4%-0.3pp	1.7%-0.3pp	2.1%+1.8pp	0.2%+0.4pp	-0.2%-2.1pp	1.9%
Current Ratio	0.97-0.6	1.61+0.1	1.46+0.0	1.45+0.0	1.43+0.4	1.05-0.0	1.06+0.1	0.99
Debt-to-Equity	0.66+0.1	0.56-0.0	0.590.0	0.580.0	0.58-0.1	0.67-0.0	0.70+0.0	0.68
FCF Margin	22.2%+5.8pp	16.4%+6.3pp	10.1%-2.0pp	12.1%-9.5pp	21.6%+11.5pp	10.1%+15.2pp	-5.1%-0.9pp	-4.3%

Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Zebra Technologies Corporation's annual revenue?

Zebra Technologies Corporation (ZBRA) reported $5.4B in total revenue for fiscal year 2025. This represents a 8.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Zebra Technologies Corporation's revenue growing?

Zebra Technologies Corporation (ZBRA) revenue grew by 8.3% year-over-year, from $5.0B to $5.4B in fiscal year 2025.

Is Zebra Technologies Corporation profitable?

Yes, Zebra Technologies Corporation (ZBRA) reported a net income of $419.0M in fiscal year 2025, with a net profit margin of 7.8%.

What is Zebra Technologies Corporation's earnings per share (EPS)?

Zebra Technologies Corporation (ZBRA) reported diluted earnings per share of $8.18 for fiscal year 2025. This represents a -19.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Zebra Technologies Corporation's EBITDA?

Zebra Technologies Corporation (ZBRA) had EBITDA of $885.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Zebra Technologies Corporation have?

As of fiscal year 2025, Zebra Technologies Corporation (ZBRA) had $125.0M in cash and equivalents against $2.4B in long-term debt.

What is Zebra Technologies Corporation's gross margin?

Zebra Technologies Corporation (ZBRA) had a gross margin of 48.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Zebra Technologies Corporation's operating margin?

Zebra Technologies Corporation (ZBRA) had an operating margin of 13.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Zebra Technologies Corporation's net profit margin?

Zebra Technologies Corporation (ZBRA) had a net profit margin of 7.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Zebra Technologies Corporation's return on equity (ROE)?

Zebra Technologies Corporation (ZBRA) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Zebra Technologies Corporation's free cash flow?

Zebra Technologies Corporation (ZBRA) generated $831.0M in free cash flow during fiscal year 2025. This represents a -12.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Zebra Technologies Corporation's operating cash flow?

Zebra Technologies Corporation (ZBRA) generated $917.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Zebra Technologies Corporation's total assets?

Zebra Technologies Corporation (ZBRA) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Zebra Technologies Corporation's capital expenditures?

Zebra Technologies Corporation (ZBRA) invested $86.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Zebra Technologies Corporation spend on research and development?

Zebra Technologies Corporation (ZBRA) invested $593.0M in research and development during fiscal year 2025.

Does Zebra Technologies Corporation buy back shares?

Yes, Zebra Technologies Corporation (ZBRA) spent $587.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Zebra Technologies Corporation have outstanding?

Zebra Technologies Corporation (ZBRA) had 49M shares outstanding as of fiscal year 2025.

What is Zebra Technologies Corporation's current ratio?

Zebra Technologies Corporation (ZBRA) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Zebra Technologies Corporation's debt-to-equity ratio?

Zebra Technologies Corporation (ZBRA) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zebra Technologies Corporation's return on assets (ROA)?

Zebra Technologies Corporation (ZBRA) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Zebra Technologies Corporation's Altman Z-Score?

Zebra Technologies Corporation (ZBRA) has an Altman Z-Score of 3.28, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Zebra Technologies Corporation's Piotroski F-Score?

Zebra Technologies Corporation (ZBRA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zebra Technologies Corporation's earnings high quality?

Zebra Technologies Corporation (ZBRA) has an earnings quality ratio of 2.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Zebra Technologies Corporation?

Zebra Technologies Corporation (ZBRA) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.