ZBRA Stock Analysis: Zebra Technologies | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 17.782m USD | 12M Return: 30.1% | US9892071054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 190M
EPS Trend: 82.8%
Qual. Beats: 2
Rev. Trend: 81.8%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Zebra Technologies Corporation (NASDAQ: ZBRA) is a global provider of automatic identification and data capture (AIDC) solutions, operating through two segments: Connected Frontline, and Asset Visibility and Automation. Founded in 1969 and headquartered in Lincolnshire, Illinois, the company designs, manufactures, and sells a broad portfolio of products including thermal and RFID printers, barcode scanners, rugged mobile computers, industrial machine vision cameras, and fixed industrial scanners, along with related supplies such as labels, ribbons, and RFID tags.
In addition to hardware, Zebra offers software and services spanning workforce management, workflow execution, prescriptive analytics, real-time location systems, and cloud-based platforms. Its customer base spans retail and e-commerce, manufacturing, transportation and logistics, healthcare, and the public sector, reached through a combination of a direct sales force and a network of channel partners. The company has been publicly traded since its 1991 IPO and is classified within the Information Technology sector under the Electronic Equipment & Instruments sub-industry.
The AIDC industry centers on technologies that automate the capture, processing, and communication of data at the operational edge, helping enterprises improve inventory accuracy, supply chain visibility, and frontline worker productivity. Zebras business model combines recurring revenue from supplies (labels, ribbons, tags) and software/services with hardware sales, which often drives an installed base that generates ongoing consumables and support revenue.
- Warehouse automation demand drives Asset Visibility segment growth
- E-commerce logistics spending boosts mobile computing and RFID sales
- Component cost inflation pressures gross margins amid pricing competition
| Net Income: 539.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.28 > 1.0 |
| NWC/Revenue: -33.11% < 20% (prev 14.26%; Δ -47.37% < -1%) |
| CFO/TA 0.11 > 3% & CFO 979.0m > Net Income 539.0m |
| Net Debt (3.00b) to EBITDA (1.15b): 2.61 < 3 |
| Current Ratio: 0.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.7m) vs 12m ago -2.23% < -2% |
| Gross Margin: 48.90% > 18% (prev 48.59%; Δ 0.30% > 0.5%) |
| Asset Turnover: 70.55% > 50% (prev 65.38%; Δ 5.17% > 0%) |
| Interest Coverage Ratio: 4.11 > 6 (EBIT TTM 937.0m / Interest Expense TTM 228.0m) |
| A: -0.22 (Total Current Assets 2.06b - Total Current Liabilities 4.00b) / Total Assets 8.64b |
| B: 0.65 (Retained Earnings 5.65b / Total Assets 8.64b) |
| C: 0.11 (EBIT TTM 937.0m / Avg Total Assets 8.29b) |
| D: 0.66 (Book Value of Equity 3.44b / Total Liabilities 5.20b) |
| Altman-Z'' = 2.11 = BBB |
| DSRI: 1.36 (Receivables 1.05b/684.0m, Revenue 5.85b/5.19b) |
| GMI: 0.99 (GM 48.59% / 48.90%) |
| AQI: 1.09 (AQ_t 0.70 / AQ_t-1 0.65) |
| SGI: 1.13 (Revenue 5.85b / 5.19b) |
| TATA: -0.05 (NI 539.0m - CFO 979.0m) / TA 8.64b) |
| Beneish M = -2.60 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at USD 386.05 with a total of 474,032 shares traded. Over the past week, the price has changed by +3.41%, over one month by +9.51%, over three months by +45.87% and over the past year by +30.14%.
Current recommended Stop Loss: 357.30 (which is 7.4% or 2.7 ATR below the current price).
Zebra Technologies has received a consensus analysts rating of 4.06. Therefore, it is recommended to buy ZBRA.
- StrongBuy: 7
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 411.5 | 6.6% |
P/E Trailing = 34.4826
P/E Forward = 16.9205
P/S = 3.0412
P/B = 5.1101
P/EG = 0.6247
Revenue TTM = 5.85b USD
EBIT TTM = 937.0m USD
EBITDA TTM = 1.15b USD
Long Term Debt = 493.0m USD (from longTermDebt, last quarter)
Short Term Debt = 2.31b USD (from shortTermDebt, last quarter)
Debt = 3.16b USD (from shortLongTermDebtTotal, last quarter) + Leases 194.0m
Net Debt = 3.00b USD (calculated: Debt 3.16b - CCE 157.0m)
Enterprise Value = 20.8b USD (17.8b + Debt 3.16b - CCE 157.0m)
Interest Coverage Ratio = 4.11 (Ebit TTM 937.0m / Interest Expense TTM 228.0m)
EV/FCF = 22.99x (Enterprise Value 20.8b / FCF TTM 904.0m)
FCF Yield = 4.35% (FCF TTM 904.0m / Enterprise Value 20.8b)
FCF Margin = 15.46% (FCF TTM 904.0m / Revenue TTM 5.85b)
Net Margin = 9.22% (Net Income TTM 539.0m / Revenue TTM 5.85b)
Gross Margin = 48.90% ((Revenue TTM 5.85b - Cost of Revenue TTM 2.99b) / Revenue TTM)
Gross Margin QoQ = 52.99% (prev 49.63%)
Tobins Q-Ratio = 2.41 (Enterprise Value 20.8b / Total Assets 8.64b)
Interest Expense / Debt = 7.22% (Interest Expense 228.0m / Debt 3.16b)
Taxrate = 23.98% (170.0m / 709.0m)
NOPAT = 712.3m (EBIT 937.0m * (1 - 23.98%))
Current Ratio = 0.52 (Total Current Assets 2.06b / Total Current Liabilities 4.00b)
Debt / Equity = 0.92 (Debt 3.16b / totalStockholderEquity, last quarter 3.44b)
Debt / EBITDA = 2.61 (Net Debt 3.00b / EBITDA 1.15b)
Debt / FCF = 3.32 (Net Debt 3.00b / FCF TTM 904.0m)
Total Stockholder Equity = 3.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.50% (Net Income 539.0m / Total Assets 8.64b)
RoE = 15.14% (Net Income TTM 539.0m / Total Stockholder Equity 3.56b)
RoCE = 23.12% (EBIT 937.0m / Capital Employed (Equity 3.56b + L.T.Debt 493.0m))
RoIC = 10.48% (NOPAT 712.3m / Invested Capital 6.79b)
WACC = 12.46% (E(17.8b)/V(20.9b) * Re(13.70%) + D(3.16b)/V(20.9b) * Rd(7.22%) * (1-Tc(0.24)))
Discount Rate = 13.70% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -80.22 | Cagr: -0.98%
[DCF] Terminal Value 63.46% ; FCFF base≈883.6m ; Y1≈931.2m ; Y5≈1.09b
[DCF] Fair Price = 143.6 (EV 9.79b - Net Debt 3.00b = Equity 6.79b / Shares 47.3m; r=12.46% [WACC]; 5y FCF grow 5.98% → 2.50% )
EPS Correlation: 82.77 | EPS CAGR: 26.66% | SUE: 4.0 | # QB: 2
Revenue Correlation: 81.81 | Revenue CAGR: 8.93% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-09-30): EPS=4.90 | Chg30d=+0.19% | Revisions=+83% | Analysts=15
EPS current Year (2026-12-31): EPS=21.04 | Chg30d=-0.39% | Revisions=+84% | GrowthEPS=+32.8% | GrowthRev=+15.3%
EPS next Year (2027-12-31): EPS=22.23 | Chg30d=-0.05% | Revisions=+84% | GrowthEPS=+5.7% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +94% (up=47, down=0)