Score Your Stock

US stock · figures in US dollars · scored on full-year results

Zebra Technologies Zebra Technologies Corporation

ZBRA · Technology · Communication Equipment
Top 48% of scored stocks
OkayTop 48% of scored stocks
Weak Spot

Zebra Technologies scores 55/100 on fundamentals: in the top 48% of 503 scored S&P 500 stocks. Its strongest area is Business Strength (90/100); its weakest is Price Fairness (17/100). It carries 1 warning flag: Weak Spot.

Best
Business 90
Weakest
Price 17
  • Carries a Weak Spot flag

An expensively priced stock with healthy growth, but price fairness needs attention.

What looks good
What to watch
Mkt capUS$ 17.1b#434 of 503 in the S&P 500EPSUS$ 10.91P/E31.8×✗ vs sector median 31.5×P/B5×✓ vs sector median 7.4×Div yieldNo dividends paidBottom 1% in the S&P 50052w range · 84% of range199.05392.78
as of 31 Oct 2026

Nearby peers

Ranks #55 of 86 in Technology by score

#1First Solar87#53Sandisk56#54GoDaddy55
#55Zebra Technologies55
#56NetApp54#57Twilio54

One-Minute Summary

Why Zebra Technologies scores 55

An expensively priced stock with healthy growth, but price fairness needs attention.

What looks good
What to watch

Business Strength

90
Why 90?
Pillar score: (2 + 2 + 2 + 1 + 2) = 9 of 10 points → 90
Return on Equity (ROE)16%Strong4-Year Revenue Growth+8%/yrStrong4-Year Profit Growth+22%/yrStrongNet Profit Margin9%OkayQuarterly Momentum+16%Strong
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +82.1%Equity ↑ +13.1%ROE % 15.7%
Net ProfitEquityROE %
296m528m419m539m3.0b3.6b3.6b3.4b202320242025TTM9.7%14.7%11.7%15.7%

Revenue & Net Profit, with Net Margin

Revenue ↑ +27.6%Net Profit ↑ +82.1%Net Margin % 9.2%
RevenueNet ProfitNet Margin %
4.6b5.0b5.4b5.8b296m528m419m539m202320242025TTM6.5%10.6%7.8%9.2%

Sales grew about 27.6% over 4 years: customers keep spending more with this company.

Profit climbed about 82.1% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +16.7%Net Profit ↑ +42.9%Net Margin % 15%
RevenueNet ProfitNet Margin %
1.3b1.3b1.3b1.3b1.5b1.5b1.6b1.6b163m136m112m101m70m135m233m233mQ4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'2612.2%10.4%8.7%7.7%4.7%9%15%15%
▲▲▬▼▼▬▲▲

Sales grew about 16.7% over the last 8 quarters: customers keep spending more with this company.

Profit grew about 42.9% over the last 8 quarters: the business is keeping more of what it earns.

Why 50?
Pillar score: (1 + 0 + 2) = 3 of 6 points → 50
Debt-to-Equity0.9×OkayCurrent Ratio0.5×WeakInterest Coverage6.4×Strong
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +22.7%Equity ↑ +13.1%D/E 0.9×
Total DebtEquityD/E
2.4b2.4b2.7b3.0b3.0b3.6b3.6b3.4b202320242025TTM0.8×0.7×0.8×0.9×

Borrowings grew about 22.7% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +23.3%Current Liabilities ↑ +150.2%Current Ratio 0.5×
Current AssetsCurrent LiabilitiesCurrent Ratio
1.7b2.4b1.8b2.1b1.6b1.7b1.9b4.0b202320242025TTM1×1.4×1×0.5×
Why 50?
Pillar score: (0 + 1 + 2 + 1) = 4 of 8 points → 50
Dividend QualityNo dividends paidWeak
Payout ratio: 0%
Operating Cash FlowPositive but bumpyOkayFree Cash FlowPositive & growingStrongCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +24,575%Free CF ↑ +1,093.4%
Operating CFFree CF
-4m1.0b917m979m-91m954m831m904m202320242025TTM

Cash keeps coming in, though unevenly: fine, but worth keeping an eye on.

Cash vs Total Debt

Cash ↑ +14.6%Short-Term Debt ↑ +1,215%Total Debt ↑ +22.7%
CashShort-Term DebtTotal Debt
137m901m125m157m173m79m141m2.3b2.4b2.4b2.7b3.0b202320242025TTM

Dividends per Share, with Yield

DPS (cents) → +0%Yield % 0%
DPS (cents)Yield %
000020222023202420250%0%0%0%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 17?
Pillar score: (0 + 0 + 1) = 1 of 6 points → 17
P/E Ratio31.8×WeakP/B Ratio5×WeakPEG Ratio1.4Okay
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 387.18US$ 294.91US$ 202.64Oct '25Feb '26Jun '26Oct '26

The share price is up about 34.2% over the past year.

Why 67?
Pillar score: (2 + 0 + 2 + 2 + 1 + 1) = 8 of 12 points → 67
Earnings ConsistencySteadyStrongDebt Trend (4yr)RisingWeakShare Count Trend (4yr)-3%/yrStrongInventory vs Sales (4yr)-11.5 pp/yr vs salesStrongAsset Turnover Trend (4yr)+7.9%OkayQuarterly Consistency2 of 4 quarters downOkay
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +27.6%Inventory ↓ -8.8%Inv. % of Rev. 12.5%
RevenueInventoryInv. % of Rev.
4.6b5.0b5.4b5.8b804m693m729m733m202320242025TTM17.5%13.9%13.5%12.5%
Ranks #55 of 86 in Technology by score

Sector peers

#1First Solar87#53Sandisk56#54GoDaddy55
#55Zebra Technologies (you)55
#56NetApp54#57Twilio54

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDiv yieldP/E RatioP/B RatioPEG Ratio
2026US$ 5.8bUS$ 539.0mUS$ 979.0mUS$ 904.0mUS$ -75.0mUS$ 157.0mUS$ 3.0bUS$ 2.3bUS$ 3.4bUS$ 2.1bUS$ 4.0bUS$ 8.6bUS$ 5.2bUS$ 733.0m-16%9%0.9×0.5×6.4×----
2025US$ 5.4bUS$ 419.0mUS$ 917.0mUS$ 831.0mUS$ -86.0mUS$ 125.0mUS$ 2.7bUS$ 141.0mUS$ 3.6bUS$ 1.8bUS$ 1.9bUS$ 8.5bUS$ 4.9bUS$ 729.0mUS$ 0.0m12%8%0.8×1.0×6.2×0%29.4×3.4×-
2024US$ 5.0bUS$ 528.0mUS$ 1.0bUS$ 954.0mUS$ -59.0mUS$ 901.0mUS$ 2.4bUS$ 79.0mUS$ 3.6bUS$ 2.4bUS$ 1.7bUS$ 8.0bUS$ 4.4bUS$ 693.0mUS$ 0.0m15%11%0.7×1.4×7.5×0%38.2×5.6×5.6
2023US$ 4.6bUS$ 296.0mUS$ -4.0mUS$ -91.0mUS$ -87.0mUS$ 137.0mUS$ 2.4bUS$ 173.0mUS$ 3.0bUS$ 1.7bUS$ 1.6bUS$ 7.3bUS$ 4.3bUS$ 804.0mUS$ 0.0m10%6%0.8×1.1×3.5×0%47.4×4.6×-