Zebra Technologies Corp
NASDAQ:ZBRA

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Zebra Technologies Corp
NASDAQ:ZBRA
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Price: 250.1 USD -2.92%
Market Cap: 12.7B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
-9%
5Y
+21%
10Y
+51%
Operating Income
+
3Y
-11%
5Y
+25%
10Y
+289%
Net Income
+
3Y
+9%
5Y
+8%
10Y
-

Earnings Waterfall
Zebra Technologies Corp

Revenue
5.3B USD
Cost of Revenue
-2.7B USD
Gross Profit
2.5B USD
Operating Expenses
-1.7B USD
Operating Income
806m USD
Other Expenses
-294m USD
Net Income
512m USD

Income Statement
Zebra Technologies Corp

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Apr-2004 Jul-2004 Oct-2004 Dec-2004 Apr-2005 Jul-2005 Oct-2005 Dec-2005 Apr-2006 Jul-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Apr-2009 Jul-2009 Oct-2009 Dec-2009 Apr-2010 Jul-2010 Oct-2010 Dec-2010 Apr-2011 Jul-2011 Oct-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Apr-2015 Jul-2015 Oct-2015 Dec-2015 Apr-2016 Jul-2016 Oct-2016 Dec-2016 Apr-2017 Jul-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Apr-2021 Jul-2021 Oct-2021 Dec-2021 Apr-2022 Jul-2022 Oct-2022 Dec-2022 Apr-2023 Jul-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
57
108
157
202
193
193
192
193
193
183
175
224
227
210
198
127
99
91
81
81
70
64
53
35
30
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Revenue
450
N/A
445
-1%
448
+1%
461
+3%
476
+3%
490
+3%
504
+3%
516
+2%
536
+4%
566
+5%
599
+6%
635
+6%
663
+4%
680
+2%
693
+2%
698
+1%
702
+1%
707
+1%
718
+2%
729
+2%
760
+4%
792
+4%
814
+3%
845
+4%
868
+3%
906
+4%
951
+5%
978
+3%
977
0%
923
-5%
857
-7%
814
-5%
739
-9%
823
+11%
854
+4%
883
+3%
894
+1%
920
+3%
947
+3%
970
+2%
984
+1%
990
+1%
992
+0%
990
0%
996
+1%
989
-1%
995
+1%
1 007
+1%
1 038
+3%
1 090
+5%
1 125
+3%
1 165
+4%
1 671
+43%
2 276
+36%
2 877
+26%
3 490
+21%
3 650
+5%
3 606
-1%
3 595
0%
3 583
0%
3 574
0%
3 590
+0%
3 607
+0%
3 638
+1%
3 722
+2%
3 834
+3%
3 950
+3%
4 107
+4%
4 218
+3%
4 307
+2%
4 392
+2%
4 430
+1%
4 485
+1%
4 471
0%
4 330
-3%
4 332
+0%
4 448
+3%
4 743
+7%
5 164
+9%
5 468
+6%
5 627
+3%
5 712
+2%
5 803
+2%
5 745
-1%
5 781
+1%
5 754
0%
5 500
-4%
5 078
-8%
4 584
-10%
4 354
-5%
4 357
+0%
4 656
+7%
4 981
+7%
5 114
+3%
5 190
+1%
5 255
+1%
Gross Profit
Cost of Revenue
(240)
(237)
(237)
(241)
(245)
(247)
(250)
(254)
(263)
(277)
(292)
(309)
(321)
(330)
(339)
(343)
(349)
(358)
(369)
(379)
(401)
(417)
(428)
(442)
(451)
(466)
(482)
(496)
(497)
(481)
(461)
(444)
(421)
(450)
(463)
(475)
(474)
(477)
(481)
(491)
(497)
(503)
(506)
(502)
(505)
(504)
(510)
(520)
(535)
(551)
(565)
(582)
(893)
(1 236)
(1 587)
(1 937)
(2 006)
(1 981)
(1 957)
(1 945)
(1 932)
(1 937)
(1 949)
(1 965)
(2 012)
(2 060)
(2 115)
(2 196)
(2 237)
(2 290)
(2 327)
(2 335)
(2 385)
(2 399)
(2 359)
(2 403)
(2 445)
(2 558)
(2 740)
(2 891)
(2 999)
(3 102)
(3 177)
(3 137)
(3 157)
(3 100)
(2 939)
(2 718)
(2 461)
(2 335)
(2 330)
(2 443)
(2 568)
(2 619)
(2 668)
(2 712)
Gross Profit
210
N/A
208
-1%
211
+2%
220
+4%
231
+5%
243
+5%
254
+4%
261
+3%
273
+5%
289
+6%
307
+6%
327
+6%
342
+5%
350
+2%
354
+1%
355
+0%
353
0%
349
-1%
349
+0%
350
+0%
358
+3%
376
+5%
385
+3%
402
+4%
417
+4%
440
+6%
469
+6%
482
+3%
479
0%
442
-8%
396
-10%
370
-7%
318
-14%
373
+17%
390
+5%
408
+4%
421
+3%
443
+5%
465
+5%
480
+3%
487
+1%
487
0%
485
0%
489
+1%
492
+1%
485
-1%
485
+0%
487
+0%
504
+3%
538
+7%
560
+4%
583
+4%
778
+34%
1 040
+34%
1 290
+24%
1 553
+20%
1 644
+6%
1 625
-1%
1 638
+1%
1 638
0%
1 642
+0%
1 653
+1%
1 658
+0%
1 673
+1%
1 710
+2%
1 774
+4%
1 835
+3%
1 911
+4%
1 981
+4%
2 017
+2%
2 065
+2%
2 095
+1%
2 100
+0%
2 072
-1%
1 971
-5%
1 929
-2%
2 003
+4%
2 185
+9%
2 424
+11%
2 577
+6%
2 628
+2%
2 610
-1%
2 626
+1%
2 608
-1%
2 624
+1%
2 654
+1%
2 561
-4%
2 360
-8%
2 123
-10%
2 019
-5%
2 027
+0%
2 213
+9%
2 413
+9%
2 495
+3%
2 522
+1%
2 543
+1%
Operating Income
Operating Expenses
(116)
(116)
(116)
(120)
(126)
(129)
(133)
(136)
(141)
(149)
(154)
(162)
(173)
(176)
(189)
(197)
(205)
(206)
(204)
(205)
(212)
(225)
(239)
(256)
(272)
(290)
(310)
(321)
(322)
(311)
(291)
(286)
(237)
(275)
(276)
(272)
(271)
(282)
(290)
(296)
(303)
(306)
(311)
(315)
(314)
(319)
(322)
(325)
(333)
(340)
(345)
(353)
(557)
(820)
(1 089)
(1 346)
(1 422)
(1 409)
(1 395)
(1 390)
(1 356)
(1 347)
(1 336)
(1 324)
(1 322)
(1 307)
(1 320)
(1 324)
(1 352)
(1 374)
(1 383)
(1 388)
(1 376)
(1 356)
(1 298)
(1 283)
(1 318)
(1 383)
(1 493)
(1 573)
(1 617)
(1 656)
(1 680)
(1 700)
(1 688)
(1 699)
(1 639)
(1 595)
(1 538)
(1 499)
(1 546)
(1 584)
(1 648)
(1 702)
(1 713)
(1 737)
Selling, General & Administrative
(82)
(83)
(84)
(88)
(95)
(98)
(103)
(105)
(108)
(114)
(117)
(123)
(132)
(134)
(144)
(150)
(156)
(155)
(153)
(154)
(159)
(169)
(179)
(192)
(196)
(211)
(218)
(217)
(208)
(200)
(187)
(186)
(168)
(183)
(187)
(184)
(186)
(193)
(199)
(204)
(209)
(214)
(219)
(223)
(222)
(225)
(226)
(228)
(234)
(239)
(243)
(248)
(352)
(476)
(609)
(735)
(777)
(776)
(770)
(769)
(751)
(748)
(741)
(739)
(749)
(756)
(788)
(799)
(811)
(818)
(821)
(828)
(826)
(824)
(790)
(778)
(787)
(807)
(864)
(907)
(935)
(970)
(978)
(986)
(982)
(991)
(958)
(943)
(915)
(884)
(916)
(937)
(981)
(1 024)
(1 037)
(1 060)
Research & Development
(28)
(29)
(29)
(30)
(29)
(29)
(30)
(30)
(32)
(33)
(35)
(36)
(39)
(39)
(43)
(45)
(47)
(48)
(48)
(48)
(49)
(51)
(53)
(55)
(66)
(66)
(77)
(87)
(96)
(94)
(90)
(88)
(67)
(83)
(82)
(83)
(83)
(86)
(88)
(89)
(90)
(89)
(89)
(88)
(87)
(89)
(90)
(90)
(91)
(92)
(93)
(96)
(151)
(225)
(300)
(375)
(394)
(391)
(387)
(382)
(376)
(379)
(383)
(383)
(389)
(394)
(404)
(421)
(444)
(454)
(453)
(450)
(447)
(441)
(431)
(434)
(453)
(488)
(531)
(559)
(567)
(564)
(571)
(573)
(570)
(579)
(561)
(545)
(519)
(511)
(527)
(541)
(563)
(576)
(574)
(579)
Depreciation & Amortization
(5)
(4)
(3)
(3)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(2)
(2)
(2)
(2)
(2)
(3)
(3)
(4)
(5)
(7)
(9)
(11)
(13)
(15)
(17)
(19)
(17)
(15)
(13)
(3)
(9)
(7)
(5)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(4)
(5)
(6)
(7)
(7)
(7)
(8)
(9)
(10)
(54)
(119)
(180)
(236)
(251)
(242)
(239)
(239)
(229)
(220)
(212)
(202)
(184)
(157)
(128)
(104)
(97)
(102)
(109)
(110)
(103)
(91)
(77)
(71)
(78)
(88)
(98)
(107)
(115)
(122)
(131)
(141)
(136)
(129)
(120)
(107)
(104)
(104)
(103)
(106)
(104)
(102)
(102)
(98)
Operating Income
94
N/A
92
-3%
95
+3%
100
+5%
105
+5%
114
+8%
121
+6%
125
+4%
132
+5%
141
+7%
153
+9%
165
+8%
169
+2%
174
+3%
166
-5%
158
-5%
148
-6%
143
-3%
146
+2%
144
-1%
146
+1%
150
+3%
147
-3%
146
0%
145
-1%
151
+4%
158
+5%
161
+2%
157
-2%
131
-17%
105
-20%
84
-20%
80
-5%
98
+22%
115
+17%
136
+19%
149
+10%
161
+8%
175
+9%
184
+5%
184
0%
180
-2%
174
-3%
174
0%
178
+2%
166
-7%
163
-2%
162
-1%
171
+5%
199
+16%
215
+8%
229
+7%
221
-4%
220
0%
202
-8%
207
+3%
222
+7%
216
-3%
242
+12%
248
+2%
286
+16%
306
+7%
322
+5%
349
+8%
388
+11%
467
+20%
515
+10%
587
+14%
629
+7%
643
+2%
682
+6%
707
+4%
724
+2%
716
-1%
673
-6%
646
-4%
685
+6%
802
+17%
931
+16%
1 004
+8%
1 011
+1%
954
-6%
946
-1%
908
-4%
936
+3%
955
+2%
922
-3%
765
-17%
585
-24%
520
-11%
481
-8%
629
+31%
765
+22%
793
+4%
809
+2%
806
0%
Pre-Tax Income
Interest Income Expense
4
7
7
9
10
9
10
7
8
8
8
12
11
12
13
14
15
16
17
20
22
23
24
21
25
22
19
10
5
2
(1)
5
3
4
5
4
3
2
1
0
(0)
0
1
1
1
2
1
1
2
1
(1)
(4)
(71)
(148)
(184)
(232)
(216)
(187)
(202)
(199)
(198)
(191)
(176)
(223)
(228)
(197)
(186)
(111)
(96)
(112)
(119)
(126)
(95)
(116)
(98)
(85)
(94)
(35)
(27)
(23)
(10)
24
26
56
20
(54)
(69)
(100)
(135)
(113)
(115)
(145)
(93)
(107)
(120)
(102)
Non-Reccuring Items
(2)
(4)
(4)
(4)
(3)
0
0
0
(2)
(2)
(3)
(4)
(2)
(3)
(2)
(2)
(2)
(1)
(0)
(54)
(66)
(68)
(68)
(14)
(2)
(3)
(8)
(7)
(172)
(171)
(169)
(174)
(10)
(11)
(9)
(5)
(1)
(1)
(1)
(1)
(2)
(1)
(2)
(11)
(13)
(15)
(16)
(7)
(11)
(13)
(32)
(67)
(133)
(165)
(194)
(201)
(185)
(188)
(178)
(233)
(206)
(196)
(177)
(89)
(66)
(41)
(22)
(23)
(19)
(18)
(22)
(24)
(32)
(32)
(30)
(38)
(34)
(30)
(31)
(17)
(32)
(35)
(419)
(416)
(407)
(413)
(41)
(98)
(104)
(105)
(93)
(38)
(23)
(15)
(15)
(20)
Total Other Income
(1)
(2)
(1)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(0)
(1)
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
(1)
(1)
(1)
(2)
(2)
(2)
(3)
(2)
(2)
(1)
1
1
2
2
0
0
(1)
(3)
(3)
(4)
(1)
0
(3)
(9)
(11)
(11)
(9)
(7)
(6)
(6)
(3)
1
10
9
10
10
1
2
0
0
3
(4)
(5)
(6)
(1)
0
(2)
(3)
(5)
(9)
(9)
(10)
(12)
(11)
(17)
(17)
(14)
(13)
(14)
(14)
Pre-Tax Income
96
N/A
93
-3%
96
+3%
103
+8%
111
+7%
122
+10%
130
+7%
132
+1%
136
+3%
145
+7%
156
+8%
172
+10%
176
+3%
181
+3%
175
-3%
169
-4%
160
-5%
159
-1%
162
+2%
110
-32%
102
-7%
105
+3%
102
-3%
153
+50%
167
+9%
169
+1%
169
0%
163
-3%
(12)
N/A
(40)
-239%
(66)
-64%
(85)
-29%
72
N/A
90
+25%
110
+21%
134
+22%
150
+12%
160
+7%
174
+9%
182
+4%
180
-1%
177
-1%
171
-4%
161
-6%
164
+2%
151
-8%
149
-1%
158
+6%
164
+4%
189
+15%
182
-4%
160
-12%
17
-90%
(95)
N/A
(179)
-88%
(229)
-28%
(180)
+21%
(161)
+11%
(141)
+12%
(193)
-36%
(129)
+33%
(92)
+29%
(40)
+57%
30
N/A
88
+193%
223
+153%
304
+36%
454
+49%
524
+15%
522
0%
551
+6%
567
+3%
598
+5%
570
-5%
544
-5%
523
-4%
560
+7%
733
+31%
868
+18%
958
+10%
968
+1%
942
-3%
551
-42%
545
-1%
544
0%
479
-12%
803
+68%
557
-31%
334
-40%
291
-13%
256
-12%
429
+68%
635
+48%
658
+4%
660
+0%
670
+2%
Net Income
Tax Provision
(35)
(34)
(35)
(37)
(39)
(43)
(46)
(44)
(44)
(47)
(51)
(58)
(61)
(63)
(61)
(58)
(54)
(53)
(54)
(35)
(32)
(33)
(32)
(52)
(57)
(58)
(58)
(53)
(27)
(16)
(7)
(3)
(24)
(27)
(33)
(41)
(45)
(51)
(54)
(54)
(49)
(47)
(43)
(41)
(42)
(36)
(34)
(30)
(30)
(36)
(33)
(34)
16
61
40
47
22
2
14
11
(8)
(11)
(1)
0
1
(33)
(53)
(74)
(106)
(97)
(80)
(77)
(54)
(52)
(50)
(49)
(56)
(90)
(106)
(113)
(131)
(128)
(54)
(77)
(81)
(71)
(153)
(92)
(38)
(30)
(26)
(47)
(107)
(109)
(112)
(158)
Income from Continuing Operations
62
60
62
67
72
79
85
88
92
98
105
113
115
119
115
111
106
105
107
75
70
72
69
101
110
111
111
110
(38)
(57)
(73)
(88)
49
63
76
93
105
109
120
127
130
131
128
120
122
115
116
128
134
152
149
126
32
(35)
(138)
(182)
(158)
(159)
(128)
(182)
(137)
(103)
(41)
30
89
190
251
380
418
425
471
490
544
518
494
474
504
643
762
845
837
814
497
468
463
408
650
465
296
261
230
382
528
549
548
512
Net Income (Common)
62
N/A
60
-3%
62
+3%
67
+8%
72
+8%
79
+10%
85
+7%
88
+4%
92
+5%
98
+6%
105
+7%
113
+8%
115
+2%
119
+3%
115
-3%
111
-3%
106
-5%
106
+0%
109
+2%
76
-30%
71
-7%
72
+1%
69
-3%
101
+45%
110
+9%
111
+1%
111
0%
110
-1%
(38)
N/A
(57)
-48%
(73)
-29%
(88)
-20%
47
N/A
62
+32%
76
+22%
91
+20%
102
+12%
139
+36%
149
+7%
168
+13%
175
+4%
143
-18%
141
-2%
123
-13%
123
0%
116
-5%
116
0%
128
+10%
134
+5%
153
+13%
150
-2%
126
-16%
32
-74%
(35)
N/A
(138)
-301%
(182)
-32%
(158)
+13%
(159)
-1%
(128)
+20%
(182)
-42%
(137)
+25%
(103)
+25%
(41)
+60%
30
N/A
17
-43%
118
+594%
171
+45%
310
+81%
421
+36%
427
+1%
481
+13%
490
+2%
544
+11%
518
-5%
494
-5%
474
-4%
504
+6%
643
+28%
762
+19%
845
+11%
837
-1%
814
-3%
497
-39%
468
-6%
463
-1%
408
-12%
650
+59%
465
-28%
296
-36%
261
-12%
230
-12%
382
+66%
528
+38%
549
+4%
548
0%
512
-7%
EPS (Diluted)
0.89
N/A
0.85
-4%
0.87
+2%
0.94
+8%
1.02
+9%
1.11
+9%
1.19
+7%
1.23
+3%
1.28
+4%
1.36
+6%
1.46
+7%
1.57
+8%
1.59
+1%
1.64
+3%
1.58
-4%
1.54
-3%
1.47
-5%
1.49
+1%
1.51
+1%
1.06
-30%
0.98
-8%
1.02
+4%
1
-2%
1.45
+45%
1.6
+10%
1.66
+4%
1.69
+2%
1.69
N/A
-0.6
N/A
-0.93
-55%
-1.23
-32%
-1.48
-20%
0.79
N/A
1.08
+37%
1.31
+21%
1.6
+22%
1.77
+11%
2.48
+40%
2.7
+9%
3.13
+16%
3.22
+3%
2.73
-15%
2.7
-1%
2.37
-12%
2.37
N/A
2.26
-5%
2.25
0%
2.5
+11%
2.63
+5%
3
+14%
2.91
-3%
2.44
-16%
0.63
-74%
-0.69
N/A
-2.73
-296%
-3.56
-30%
-3.1
+13%
-3.09
+0%
-2.42
+22%
-3.53
-46%
-2.66
+25%
-1.94
+27%
-0.77
+60%
0.57
N/A
0.31
-46%
2.18
+603%
3.14
+44%
5.69
+81%
7.75
+36%
7.92
+2%
8.9
+12%
8.97
+1%
10.08
+12%
9.53
-5%
9.19
-4%
8.82
-4%
9.35
+6%
11.9
+27%
14.15
+19%
15.68
+11%
15.53
-1%
15.24
-2%
9.53
-37%
8.96
-6%
8.81
-2%
7.89
-10%
12.57
+59%
9.06
-28%
5.72
-37%
5.04
-12%
4.44
-12%
7.37
+66%
10.18
+38%
10.58
+4%
10.68
+1%
10
-6%

See Also

Summary
ZBRA intrinsic value, competitors valuation, and company profile.
DCF Valuation
ZBRA stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ZBRA stock valuation using valuation multiples.
Wall Street Estimates
ZBRA price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ZBRA stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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