15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $5.4B | $419M | 48.1% | 13.0% | $831M | $2.5B | $125M |
| 2024 | $5.0B | $528M | 48.4% | 14.9% | $954M | $2.2B | $901M |
| 2023 | $4.6B | $296M | 46.3% | 10.5% | -$91M | $2.2B | $137M |
| 2022 | $5.8B | $463M | 45.4% | 9.2% | $413M | $2.0B | $105M |
| 2021 | $5.6B | $837M | 46.7% | 17.4% | $1.0B | $991M | $332M |
| 2020 | $4.4B | $504M | 45.0% | 14.6% | $895M | $1.2B | $168M |
| 2019 | $4.5B | $544M | 46.8% | 15.4% | $624M | $266M | $30M |
| 2018 | $4.2B | $421M | 47.0% | 14.5% | $721M | $1.6B | $44M |
| 2017 | $3.7B | $17M | 45.9% | 8.7% | $428M | $2.2B | $62M |
| 2016 | $3.6B | -$137M | 45.9% | 2.2% | $303M | $2.6B | $156M |
| 2015 | — | -$158M | — | — | $0 | $3.0B | $192M |
| 2014 | — | $32M | — | — | — | $3.2B | $394M |
| 2013 | — | $134M | — | — | $175M | $0 | $63M |
| 2012 | — | $123M | — | — | $161M | — | $65M |
| 2011 | — | $175M | — | — | $51M | — | $36M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Apr '26 | $1.5B | $135M | 49.6% | 14.4% | $163M | $2.7B | $114M |
| Dec '25 | $1.5B | $70M | 47.3% | 9.4% | $327M | $2.5B | $125M |
| Sep '25 | $1.3B | $101M | 48.0% | 13.9% | $216M | $2.2B | $1.1B |
| Jun '25 | $1.3B | $112M | 47.6% | 14.2% | $130M | $2.2B | $872M |
| Mar '25 | $1.3B | $136M | 49.3% | 14.9% | $158M | $2.2B | $879M |
| Dec '24 | $1.3B | $163M | 48.6% | 16.9% | $288M | $2.2B | $901M |
| Sep '24 | $1.3B | $137M | 48.8% | 15.2% | $277M | $2.2B | $676M |
| Jun '24 | $1.2B | $113M | 48.4% | 13.7% | $278M | $2.2B | $411M |
| Mar '24 | $1.2B | $115M | 47.9% | 13.5% | $111M | $2.1B | $127M |
| Dec '23 | $1.0B | $17M | 44.4% | 7.3% | $102M | $2.2B | $137M |
| Sep '23 | $956M | -$15M | 44.7% | -1.3% | -$49M | $2.3B | $61M |
| Jul '23 | $1.2B | $144M | 47.9% | 16.0% | -$52M | $2.2B | $68M |
| Apr '23 | $1.4B | $150M | 47.5% | 16.0% | -$92M | $2.1B | $85M |
| Dec '22 | $1.5B | $186M | 45.6% | 17.3% | $243M | $2.0B | $105M |
| Oct '22 | $1.4B | $170M | 45.6% | 14.7% | $47M | $2.2B | $81M |
| Jul '22 | $1.5B | -$98M | 45.9% | -9.9% | $83M | $2.2B | $98M |
| Apr '22 | $1.4B | $205M | 44.5% | 14.8% | $40M | $1.1B | $141M |
| Dec '21 | $1.5B | $191M | 45.6% | 15.2% | $212M | $991M | $332M |
| Oct '21 | $1.4B | $199M | 45.0% | 16.5% | $284M | $996M | $307M |
| Jul '21 | $1.4B | $219M | 47.8% | 17.9% | $300M | $996M | $318M |
How the market has priced ZBRA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Zebra Technologies's revenue has grown 3.9% per year, and net income declined 3.6% per year. These are computed facts, not advice.
As of FY2025, Zebra Technologies reported $2.5B of total debt against $125M of cash.
In FY2025, gross margin was 48.1%, operating margin 13.0%, and net margin 7.8%.
As of Jun '26, Zebra Technologies traded at a price-to-earnings ratio of about 27.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.