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Zebra Technologies Corporation (ZBRA) Financials

ZBRA
Trailing 12 months to July 4, 2026
Revenue $5.8B +12.7% YoY
Net Income $539.0M -1.6% YoY
EPS (Diluted) $10.94 +3.3% YoY
Free Cash Flow $904.0M +6.0% YoY
Market Cap $16.6B as of Sep 2, 2026
Price / Sales 2.8x on $5.8B revenue, trailing 12 months to July 4, 2026
Price / Earnings 30.8x on $539.0M net income, trailing 12 months to July 4, 2026
Price / Book 4.8x on $3.4B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 4, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZBRA SEC filings page.

Zebra Technologies Corporation (ZBRA) reported $5.8B in revenue over the twelve months to Jul 4, 2026, up 12.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI ZBRA FY2025

Cash generation remains resilient while operating margins compress and investment expands the balance sheet.

In FY2025, operating cash flow of $917M exceeded net income of $419M, indicating cash conversion remained stronger than the income statement alone suggests. Yet free cash flow was $831M while investing cash flow reached -$1.46B, showing that major cash deployment extended well beyond routine operations.

Operating margin fell to 13.0% in FY2025 despite the revenue recovery, showing that higher operating expenses absorbed part of the rebound rather than allowing all gross profit to reach operating income. SG&A and R&D both increased, pointing to expense intensity—not a gross-margin collapse—as the principal pressure.

The balance sheet became less liquid and more leveraged: current ratio dropped to 1.0x while debt-to-equity rose to 0.7x in FY2025. Meanwhile, goodwill reached $4.73B, making asset growth more concentrated in goodwill and helping explain why investing outflows were large relative to routine capital spending.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 53 / 100
Financial Health Score 53/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Zebra Technologies Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
74

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 74/100, reflecting efficient cost management and pricing power. This is down from 14.9% the prior year.

Growth
61

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 61/100.

Leverage
25

Zebra Technologies Corporation has elevated debt relative to equity (D/E of 0.66), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.

Liquidity
17

Zebra Technologies Corporation's current ratio of 0.97 is below the typical benchmark, resulting in a score of 17/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
74

Zebra Technologies Corporation converts 15.4% of revenue into free cash flow ($831.0M). This strong cash generation earns a score of 74/100.

Returns
67

Zebra Technologies Corporation earns a strong 11.7% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 14.7% the prior year.

Altman Z-Score Safe
3.80

Zebra Technologies Corporation scores 3.80, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($16.6B) relative to total liabilities ($4.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

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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Earnings & Revenue

Revenue
$1.6B
YoY+18.0%
QoQ+4.1%
5Y CAGR+6.6%
10Y CAGR+7.0%

Zebra Technologies Corporation generated $1.6B in revenue in Q3 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.

EBITDA
$378.0M
YoY+68.0%
QoQ+39.5%

Zebra Technologies Corporation's EBITDA was $378.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.0% from the same quarter a year earlier. Against the prior quarter it is up 39.5%.

Net Income
$233.0M
YoY+130.7%
QoQ+72.6%
5Y CAGR+15.0%

Zebra Technologies Corporation reported $233.0M in net income in Q3 2026. This represents an increase of 130.7% from the same quarter a year earlier. Against the prior quarter it is up 72.6%.

EPS (Diluted)
$4.85
YoY+146.2%
QoQ+78.3%
5Y CAGR+17.6%

Zebra Technologies Corporation earned $4.85 per diluted share (EPS) in Q3 2026. This represents an increase of 146.2% from the same quarter a year earlier. Against the prior quarter it is up 78.3%.

Cash & Balance Sheet

Free Cash Flow
$198.0M
YoY-8.3%
QoQ+21.5%
5Y CAGR+4.4%
10Y CAGR+7.1%

Zebra Technologies Corporation generated $198.0M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 21.5%.

Cash & Debt
$157.0M
YoY-85.1%
QoQ+37.7%
5Y CAGR+32.1%
10Y CAGR-8.8%

Zebra Technologies Corporation held $157.0M in cash against $493.0M in long-term debt as of Q3 2026.

Shares Outstanding
47M
YoY-6.6%
QoQ-0.7%
5Y CAGR-2.4%
10Y CAGR-0.9%

Zebra Technologies Corporation had 47M shares outstanding in Q3 2026. This represents a decrease of 6.6% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin
53.0%
YoY+5.0pp
QoQ+3.4pp
5Y CAGR+9.4pp
10Y CAGR+10.5pp

Zebra Technologies Corporation's gross margin was 53.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.

Operating Margin
20.6%
YoY+6.8pp
QoQ+6.2pp

Zebra Technologies Corporation's operating margin was 20.6% in Q3 2026, reflecting core business profitability. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.2 percentage points.

Net Margin
15.0%
YoY+7.3pp
QoQ+5.9pp
5Y CAGR+4.7pp

Zebra Technologies Corporation's net profit margin was 15.0% in Q3 2026, showing the share of revenue converted to profit. This is up 7.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.9 percentage points.

Return on Equity
6.8%
YoY+4.1pp
QoQ+2.9pp
5Y CAGR+0.8pp

Zebra Technologies Corporation's ROE was 6.8% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Capital Allocation

R&D Spending
$159.0M
YoY+8.9%
QoQ-3.6%

Zebra Technologies Corporation invested $159.0M in research and development in Q3 2026. This represents an increase of 8.9% from the same quarter a year earlier. Against the prior quarter it is down 3.6%.

Share Buybacks
$268.0M
YoY+688.2%
QoQ-10.7%

Zebra Technologies Corporation spent $268.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 688.2% from the same quarter a year earlier. Against the prior quarter it is down 10.7%.

Capital Expenditures
$13.0M
YoY-31.6%
QoQ0.0%
5Y CAGR-4.1%
10Y CAGR-3.7%

Zebra Technologies Corporation invested $13.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 31.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

ZBRA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZBRA quarterly income statement
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$1.6B+18.0%$1.5B+15.6%$1.5B+10.6%$1.3B+5.2%$1.3B+6.2%$1.3B+11.3%$1.3B+32.2%$1.3B+31.3%
Cost of Revenue$732.0M+6.7%$753.0M+11.2%$777.0M+13.3%$686.0M+6.9%$677.0M+7.8%$663.0M+8.3%$686.0M+22.3%$642.0M+21.4%
Gross Profit$825.0M+30.1%$742.0M+20.5%$698.0M+7.7%$634.0M+3.4%$616.0M+4.6%$645.0M+14.6%$648.0M+44.6%$613.0M+43.6%
R&D Expenses$159.0M+8.9%$165.0M+14.6%$152.0M+10.1%$146.0M+3.5%$144.0M-1.4%$151.0M+9.4%$138.0M+19.0%$141.0M+11.0%
SG&A Expenses$114.0M+2.7%$127.0M+24.5%$109.0M+1.9%$111.0M+15.6%$102.0M+5.2%$111.0M+37.0%$107.0M+37.2%$96.0M+9.1%
Operating Income$321.0M+75.4%$215.0M+17.5%$139.0M-38.2%$183.0M-4.2%$183.0M+9.6%$195.0M+22.6%$225.0M+204.1%$191.0M+1691.7%
EBITDA$378.0M+68.0%$271.0M+19.9%$198.0M-25.8%$225.0M-4.7%$226.0M+8.1%$236.0M+16.8%$267.0M+126.3%$236.0M+637.5%
Income Tax$52.0M-10.3%$32.0M+23.1%$28.0M-37.8%$58.0M+383.3%$26.0M+13.0%$29.0M+7.4%$45.0M+400.0%$12.0M+233.3%
Net Income$233.0M+130.7%$135.0M+20.5%$70.0M-57.1%$101.0M-26.3%$112.0M-0.9%$136.0M+18.3%$163.0M+858.8%$137.0M+1013.3%
EPS (Basic)$4.89+147.0%$2.74+24.5%$1.41-55.4%$1.98-25.3%$2.20+0.5%$2.64+17.9%$3.16+919.4%$2.65+1046.4%
EPS (Diluted)$4.85+146.2%$2.72+24.2%$1.40-55.4%$1.97-25.4%$2.19+0.9%$2.62+17.5%$3.14+881.3%$2.64+1042.9%
Diluted Shares (Avg)48M-5.9%49M-3.6%N/A51M-1.4%51M-1.1%52M0.0%N/A52M+1.1%

Not reported in any period shown, so not listed: Interest Expense.

ZBRA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZBRA quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$8.6B+7.1%$8.3B+5.0%$8.5B+6.7%$8.1B+4.9%$7.9B+6.0%$7.9B+8.8%$8.0B+9.1%$7.7B+4.9%
Current Assets$2.1B-20.0%$1.7B-27.4%$1.8B-26.4%$2.6B+20.8%$2.3B+19.5%$2.3B+40.8%$2.4B+45.9%$2.1B+29.1%
Cash & Equivalents$157.0M-85.1%$114.0M-86.9%$125.0M-86.1%$1.1B+55.8%$872.0M+112.2%$879.0M+592.1%$901.0M+557.7%$676.0M+1008.2%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$733.0M+10.6%$692.0M+0.9%$729.0M+5.2%$663.0M+3.8%$686.0M+1.2%$681.0M-3.4%$693.0M-13.8%$639.0M-24.6%
Accounts Receivable$990.0M+51.1%$733.0M+15.6%$801.0M+15.8%$655.0M+2.0%$634.0M-9.6%$617.0M+3.0%$692.0M+32.8%$642.0M+19.3%
Long-Term Investments$96.0M-5.9%$96.0M-4.0%$103.0M-6.4%$102.0M-7.3%$100.0M$110.0M$110.0M-2.7%$110.0M
Goodwill$4.7B+19.6%$4.7B+19.8%$4.7B+21.5%$3.9B+0.9%$3.9B+1.0%$3.9B+0.8%$3.9B-0.1%$3.9B+0.1%
Total Liabilities$5.2B+20.4%$4.9B+12.5%$4.9B+12.1%$4.3B+1.2%$4.3B+2.8%$4.3B+4.5%$4.4B+2.6%$4.3B-1.1%
Current Liabilities$4.0B+149.4%$1.8B+10.6%$1.9B+8.7%$1.6B+2.6%$1.6B+4.7%$1.6B-3.8%$1.7B+6.6%$1.6B0.0%
Non-Current Liabilities$1.2B-55.7%$3.1B+13.6%$3.1B+14.3%$2.7B+0.4%$2.7B+1.7%$2.7B+10.0%$2.7B+0.2%$2.7B-1.8%
Long-Term Debt$493.0M-76.6%$2.4B+12.2%$2.4B+12.9%$2.1B+1.3%$2.1B+2.3%$2.1B+15.9%$2.1B+2.2%$2.1B-1.9%
Total Equity$3.4B-8.3%$3.5B-4.1%$3.6B+0.1%$3.7B+9.5%$3.6B+10.0%$3.6B+14.4%$3.6B+18.1%$3.4B+13.5%
Retained Earnings$5.6B+8.4%$5.4B+6.0%$5.3B+8.6%$5.2B+10.9%$5.1B+12.0%$5.0B+12.3%$4.9B+12.2%$4.7B+8.9%

ZBRA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZBRA quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$211.0M-10.2%$176.0M+19.7%$357.0M+16.7%$235.0M-20.1%$147.0M-49.0%$178.0M+42.4%$306.0M+117.0%$294.0M+940.0%
Depreciation & Amortization$57.0M+35.7%$56.0M+30.2%$59.0M+40.5%$42.0M-6.7%$43.0M+2.4%$41.0M-4.7%$42.0M-4.5%$45.0M+2.3%
Stock-Based CompensationN/A$58.0MN/AN/AN/A$51.0M+200.0%N/AN/A
Capital Expenditures$13.0M-31.6%$13.0M-23.5%$30.0M+66.7%$19.0M+11.8%$17.0M+70.0%$20.0M+42.9%$18.0M-53.8%$17.0M+21.4%
Free Cash Flow$198.0M-8.3%$163.0M+25.4%$327.0M+13.5%$216.0M-22.0%$130.0M-53.2%$158.0M+42.3%$288.0M+182.4%$277.0M+665.3%
Investing Cash Flow-$13.0M+40.9%-$2.0M+88.2%-$1.3B-8793.3%-$22.0M-29.4%-$17.0M-21.4%-$82.0M-645.5%-$15.0M+65.1%-$17.0M-21.4%
Financing Cash Flow-$156.0M-437.9%-$185.0M-34.1%$47.0M+174.6%-$29.0M-141.7%-$138.0M-1633.3%-$119.0M+4.0%-$63.0M-173.9%-$12.0M-127.9%
Share Buybacks$268.0M+688.2%$300.0M+140.0%$303.0M+877.4%$34.0M+112.5%$125.0M$125.0M$31.0M$16.0M

Not reported in any period shown, so not listed: Dividends Paid.

ZBRA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZBRA quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin53.0%+5.0pp49.6%+2.0pp47.3%-1.3pp48.0%-0.8pp47.6%-0.8pp49.3%+1.4pp48.6%+4.2pp48.8%+4.2pp
Operating Margin20.6%+6.8pp14.4%+0.2pp9.4%-7.4pp13.9%-1.4pp14.1%+0.4pp14.9%+1.4pp16.9%+9.5pp15.2%+16.5pp
Net Margin15.0%+7.3pp9.0%+0.4pp4.8%-7.5pp7.6%-3.3pp8.7%-0.6pp10.4%+0.6pp12.2%+10.5pp10.9%+12.5pp
Return on Equity6.8%+4.1pp3.9%+0.8pp1.9%-2.6pp2.7%-1.3pp3.1%-0.3pp3.8%+0.1pp4.5%+4.0pp4.0%+4.5pp
Return on Assets2.7%+1.4pp1.6%+0.2pp0.8%-1.2pp1.3%-0.5pp1.4%-0.1pp1.7%+0.1pp2.1%+1.8pp1.8%+2.0pp
Current Ratio0.52-1.1x0.96-0.5x0.97-0.5x1.61+0.2x1.46+0.2x1.45+0.5x1.43+0.4x1.37+0.3x
Debt-to-Equity0.14-0.4x0.69+0.1x0.66+0.1x0.560.0x0.590.0x0.580.0x0.58-0.1x0.61-0.1x
Asset Turnover0.180.0x0.180.0x0.170.0x0.160.0x0.160.0x0.170.0x0.170.0x0.160.0x
FCF Margin12.7%-3.6pp10.9%+0.8pp22.2%+0.6pp16.4%-5.7pp10.1%-12.8pp12.1%+2.6pp21.6%+11.5pp22.1%+27.2pp

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Zebra Technologies Corporation ZBRA FY2025 $5.4B $419.0M 7.8% $16.6B 53/100
Ciena Corp CIEN FY2025 $4.8B $123.3M 2.6% $51.0B 56/100
Ast Spacemobile Inc ASTS FY2025 $70.9M -$341.9M N/A $16.7B 65/100
Lumentum Hldgs Inc LITE FY2026 $3.0B -$6.9B N/A $77.9B 59/100

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%.

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.

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

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

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.

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.

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.

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.

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.

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

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

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

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

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

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

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.

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.

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.

Zebra Technologies Corporation (ZBRA) trades at 30.8x earnings, its market capitalization divided by net income of $539.0M net income, trailing 12 months to July 4, 2026. The market capitalization is $16.6B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Zebra Technologies Corporation (ZBRA) trades at 2.8x sales, its market capitalization divided by revenue of $5.8B revenue, trailing 12 months to July 4, 2026. The market capitalization is $16.6B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Zebra Technologies Corporation (ZBRA) has an Altman Z-Score of 3.80, 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.

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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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.

Zebra Technologies Corporation (ZBRA) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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