(ZBRA) Zebra Technologies - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9892071054

Barcode Printers, RFID Readers, Mobile Computers, Scanners, Software

Electronic Equipment & Instruments
Market Cap in USD: 12,557m
IPO / Inception: 1991-08-15
12m vs SPY: -43.7%

EPS (Earnings per Share)

EPS (Earnings per Share) of ZBRA over the last years for every Quarter: "2020-12": 4.46, "2021-03": 4.79, "2021-06": 4.57, "2021-09": 4.55, "2021-12": 4.54, "2022-03": 4.01, "2022-06": 4.61, "2022-09": 4.12, "2022-12": 4.75, "2023-03": 3.94, "2023-06": 3.29, "2023-09": 0.87, "2023-12": 1.71, "2024-03": 2.84, "2024-06": 3.18, "2024-09": 3.49, "2024-12": 4, "2025-03": 4.02, "2025-06": 3.61, "2025-09": 3.88, "2025-12": 0,
EPS CAGR: -48.11%
EPS Trend: -37.4%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of ZBRA over the last years for every Quarter: 2020-12: 1308, 2021-03: 1347, 2021-06: 1377, 2021-09: 1436, 2021-12: 1467, 2022-03: 1432, 2022-06: 1468, 2022-09: 1378, 2022-12: 1503, 2023-03: 1405, 2023-06: 1214, 2023-09: 956, 2023-12: 1009, 2024-03: 1175, 2024-06: 1217, 2024-09: 1255, 2024-12: 1334, 2025-03: 1308, 2025-06: 1293, 2025-09: 1320, 2025-12: null,
Rev. CAGR: -2.78%
Rev. Trend: -34.8%
Last SUE: 0.26
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 36.5%
Value at Risk 5%th 55.2%
Relative Tail Risk -8.05%
Reward TTM
Sharpe Ratio -0.79
Alpha -64.20
CAGR/Max DD -0.08
Character TTM
Hurst Exponent 0.444
Beta 1.684
Beta Downside 1.925
Drawdowns 3y
Max DD 49.29%
Mean DD 20.06%
Median DD 20.81%

Description: ZBRA Zebra Technologies January 03, 2026

Zebra Technologies (NASDAQ: ZBRA) delivers enterprise-asset-intelligence solutions across two segments-Asset Intelligence & Tracking and Enterprise Visibility & Mobility-by designing, manufacturing, and servicing a broad portfolio that includes label and card printers, RFID-enabled devices, rugged mobile computers, barcode scanners, and cloud-based software subscriptions.

In FY 2023 the company generated roughly **$9.2 billion** in revenue, with the **RFID and real-time location systems (RTLS) businesses driving a 14 % YoY increase**, reflecting heightened demand for automated inventory and asset visibility in logistics and healthcare. The segment’s operating margin hovered around **13 %**, underscoring strong pricing power amid a competitive landscape.

Key macro drivers for Zebra include the **global e-commerce surge (projected to grow >10 % CAGR through 2027)**, which fuels label-printing and barcode-scanning volumes, and **persistent labor shortages** that accelerate adoption of RFID-based automation and prescriptive analytics to reduce manual handling costs. Additionally, the broader **IoT and Industry 4.0 trends** support the company’s push into sensor-enabled tags and cloud-managed services.

For a deeper, data-driven valuation framework, you may find ValueRay’s analytical tools worth exploring.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (512.0m TTM) > 0 and > 6% of Revenue (6% = 315.3m TTM)
FCFTA 0.10 (>2.0%) and ΔFCFTA -0.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 18.52% (prev 12.26%; Δ 6.25pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.11 (>3.0%) and CFO 866.0m > Net Income 512.0m (YES >=105%, WARN >=100%)
Net Debt (1.31b) to EBITDA (1.06b) ratio: 1.23 <= 3.0 (WARN <= 3.5)
Current Ratio 1.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (51.8m) change vs 12m ago -0.21% (target <= -2.0% for YES)
Gross Margin 48.39% (prev 47.53%; Δ 0.86pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 66.70% (prev 60.55%; Δ 6.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 4.62 (EBITDA TTM 1.06b / Interest Expense TTM 194.0m) >= 6 (WARN >= 3)

Altman Z'' 4.91

(A) 0.12 = (Total Current Assets 2.58b - Total Current Liabilities 1.60b) / Total Assets 8.07b
(B) 0.65 = Retained Earnings (Balance) 5.21b / Total Assets 8.07b
(C) 0.11 = EBIT TTM 896.0m / Avg Total Assets 7.88b
(D) 1.19 = Book Value of Equity 5.15b / Total Liabilities 4.32b
Total Rating: 4.91 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.89

1. Piotroski 7.0pt
2. FCF Yield 5.71%
3. FCF Margin 15.07%
4. Debt/Equity 0.63
5. Debt/Ebitda 1.23
6. ROIC - WACC (= -0.92)%
7. RoE 14.05%
8. Rev. Trend -34.78%
9. EPS Trend -37.42%

What is the price of ZBRA shares?

As of January 12, 2026, the stock is trading at USD 259.48 with a total of 653,065 shares traded.
Over the past week, the price has changed by +2.71%, over one month by -5.14%, over three months by -7.97% and over the past year by -32.02%.

Is ZBRA a buy, sell or hold?

Zebra Technologies has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy ZBRA.
  • Strong Buy: 9
  • Buy: 2
  • Hold: 8
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ZBRA price?

Issuer Target Up/Down from current
Wallstreet Target Price 350.8 35.2%
Analysts Target Price 350.8 35.2%
ValueRay Target Price 248.7 -4.1%

ZBRA Fundamental Data Overview January 09, 2026

P/E Trailing = 25.9685
P/E Forward = 16.7504
P/S = 2.3895
P/B = 3.339
P/EG = 0.87
Beta = 1.683
Revenue TTM = 5.25b USD
EBIT TTM = 896.0m USD
EBITDA TTM = 1.06b USD
Long Term Debt = 2.11b USD (from longTermDebt, last quarter)
Short Term Debt = 102.0m USD (from shortTermDebt, last quarter)
Debt = 2.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.31b USD (from netDebt column, last quarter)
Enterprise Value = 13.86b USD (12.56b + Debt 2.36b - CCE 1.05b)
Interest Coverage Ratio = 4.62 (Ebit TTM 896.0m / Interest Expense TTM 194.0m)
EV/FCF = 17.50x (Enterprise Value 13.86b / FCF TTM 792.0m)
FCF Yield = 5.71% (FCF TTM 792.0m / Enterprise Value 13.86b)
FCF Margin = 15.07% (FCF TTM 792.0m / Revenue TTM 5.25b)
Net Margin = 9.74% (Net Income TTM 512.0m / Revenue TTM 5.25b)
Gross Margin = 48.39% ((Revenue TTM 5.25b - Cost of Revenue TTM 2.71b) / Revenue TTM)
Gross Margin QoQ = 48.03% (prev 47.64%)
Tobins Q-Ratio = 1.72 (Enterprise Value 13.86b / Total Assets 8.07b)
Interest Expense / Debt = 5.04% (Interest Expense 119.0m / Debt 2.36b)
Taxrate = 36.48% (58.0m / 159.0m)
NOPAT = 569.2m (EBIT 896.0m * (1 - 36.48%))
Current Ratio = 1.61 (Total Current Assets 2.58b / Total Current Liabilities 1.60b)
Debt / Equity = 0.63 (Debt 2.36b / totalStockholderEquity, last quarter 3.75b)
Debt / EBITDA = 1.23 (Net Debt 1.31b / EBITDA 1.06b)
Debt / FCF = 1.65 (Net Debt 1.31b / FCF TTM 792.0m)
Total Stockholder Equity = 3.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.50% (Net Income 512.0m / Total Assets 8.07b)
RoE = 14.05% (Net Income TTM 512.0m / Total Stockholder Equity 3.64b)
RoCE = 15.58% (EBIT 896.0m / Capital Employed (Equity 3.64b + L.T.Debt 2.11b))
RoIC = 9.79% (NOPAT 569.2m / Invested Capital 5.82b)
WACC = 10.71% (E(12.56b)/V(14.92b) * Re(12.12%) + D(2.36b)/V(14.92b) * Rd(5.04%) * (1-Tc(0.36)))
Discount Rate = 12.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.12%
[DCF Debug] Terminal Value 59.09% ; FCFF base≈782.4m ; Y1≈513.6m ; Y5≈234.3m
Fair Price DCF = 36.22 (EV 3.14b - Net Debt 1.31b = Equity 1.83b / Shares 50.7m; r=10.71% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -37.42 | EPS CAGR: -48.11% | SUE: -4.0 | # QB: 0
Revenue Correlation: -34.78 | Revenue CAGR: -2.78% | SUE: 0.26 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.10 | Chg30d=+0.112 | Revisions Net=+3 | Analysts=15
EPS next Year (2026-12-31): EPS=17.70 | Chg30d=-0.027 | Revisions Net=-2 | Growth EPS=+11.8% | Growth Revenue=+10.0%

Additional Sources for ZBRA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle