profit from every $100 of sales.
$0$100
Zebra Technologies
$324.00+1.94% today
+34.1% in 1 year
1-year low $199.301-year high $391.00
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $36.41 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Zebra Technologies sold, what it kept, and what it did with the cash.
Sales went from $5.78 billion in 2022 to $5.40 billion in 2025, with $419 million of profit last year.
SalesProfit
Zebra Technologies handed back 71% of the cash it generated last year.
Buybacks $587M
Free cash flow 2025$831M
Bought back its own shares$587M
Paid as dividends–
Cash vs. debt$125M vs. $2.7B
Zebra Technologies vs. similar companies
Zebra Technologies grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Zebra Technologies | 36.4× · Expensive | ||
 Cisco | 28.4× · Fair price | ||
 Foxconn Industrial Internet | 22.6× · Fair price | ||
 Motorola Solutions | 40.8× · Expensive | ||
 Zhongji Innolight | 50.9× · Expensive |
Compare Zebra Technologies with Ingersoll Rand · Illinois Tool Works
AI analysis
An AI analyst reads Zebra Technologies's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 4,448 | 5,627 | 5,781 | 4,584 | 4,981 | 5,396 | |
| 2,003 | 2,628 | 2,624 | 2,123 | 2,413 | 2,593 | |
| – | – | 936 | 585 | 765 | 800 | |
| 782 | 1,160 | 1,140 | 643 | 905 | 853 | |
| 504 | 837 | 463 | 296 | 528 | 419 | |
| 9.35 | 15.52 | 8.80 | 5.72 | 10.18 | 8.18 | |
| 45.0% | 46.7% | 45.4% | 46.3% | 48.4% | 48.1% | |
| – | – | 16.2% | 12.8% | 15.4% | 14.8% | |
| 11.3% | 14.9% | 8.0% | 6.5% | 10.6% | 7.8% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 5,375 | 6,215 | 7,529 | 7,306 | 7,968 | 8,502 |
| Cash | 168 | 332 | 105 | 137 | 901 | 125 |
| Total debt | 1,404 | 1,145 | 2,199 | 2,414 | 2,362 | 2,697 |
| Total liabilities | 3,231 | 3,231 | 4,796 | 4,270 | 4,382 | 4,914 |
| 2,144 | 2,984 | 2,733 | 3,036 | 3,586 | 3,588 | |
| 54 | 54 | 53 | 52 | 52 | 51 | |
| 14.2% | 18.6% | 15.0% | 6.8% | 9.7% | 8.4% | |
| 23.5% | 28.0% | 16.9% | 9.7% | 14.7% | 11.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 962 | 1,069 | 488 | -4 | 1,013 | 917 | |
| 67 | 59 | 75 | 87 | 59 | 86 | |
| 895 | 1,010 | 413 | -91 | 954 | 831 | |
| Dividends paid | – | – | – | – | – | – |
| 200 | 57 | 751 | 52 | 47 | 587 | |
| 51 | 76 | 88 | 55 | 89 | 163 |
Valuation
- 36.4×
- 18.2×
- –
- 3.7×
- 2.8×
- 18.4×
- 20.9×
- 5.4%
- 2.7%
- 0.0%
Profitability
- 48.1%
- 14.8%
- 7.8%
- 18.3%
- 8.7%
- 10.1%
- 11.6%
- 5.0%
- 12.2%
- 10.9%
Growth
- +3.9%
- −2.6%
- −12.9%
- –
- −1.3%
Financial health
- 2.6×
- 0.81
- 33.7%
- 3.7×
- 0.96
- 0.57
- 0.67
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 45%of 976
Top 31%of 977
Bottom 39%of 758
Bottom 35%of 981
Top 24%of 983
What analysts expect
- Average price target
- $311.00
- Range
- $256.00 – $335.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 12, 2026 | 4.75 | 4.21 | +12.8% |
| Feb 12, 2026 | 4.33 | 4.34 | −0.2% |
| Oct 28, 2025 | 3.88 | 3.75 | +3.5% |
| Aug 5, 2025 | 3.61 | 3.34 | +8.1% |
| Apr 29, 2025 | 4.02 | 3.60 | +11.7% |
| Feb 13, 2025 | 4.00 | 3.95 | +1.3% |
| Oct 29, 2024 | 3.49 | 3.23 | +8.0% |
| Jul 30, 2024 | 3.18 | 2.81 | +13.2% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
40No pass
Benjamin Graham
33No pass
Philip Fisher
39No pass
Peter Lynch
23No pass
Joel Greenblatt
12No pass
Charlie Munger
34No pass
Terry Smith
35No pass
Questions about Zebra Technologies
Is Zebra Technologies a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Zebra Technologies AI analysis
What does Zebra Technologies do?
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It is in Communication Equipment, based in Lincolnshire, IL, United States, with 10,700 employees.
Does Zebra Technologies pay a dividend?
No. Zebra Technologies does not pay a dividend at the moment; in 2025 it returned $587 million to shareholders by buying back its own shares.
Is Zebra Technologies stock halal?
Yes. Zebra Technologies passes our halal screen: its business is permitted and its debt is 18% of its market value, under the 30% limit. How we check
How has Zebra Technologies stock done over the past year?
Up 34.1% over the past twelve months, to $324.00. It traded between $199.30 and $391.00 and is 17.1% below its high.
Who are Zebra Technologies's competitors?
The largest listed companies in the same industry are Cisco, Foxconn Industrial Internet, Motorola Solutions and Zhongji Innolight. The peers table on this page compares their profit, growth and price with Zebra Technologies's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.