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Zebra Technologies ZBRA Q1 2025 earnings

Reported April 29, 2025 · Before market open

Revenue$1.3BBeat by $17.3M
EPS$4.02Beat by $0.42
Revenue estimate$1.3B
EPS estimate$3.60

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$1.5B
EPS estimate$4.35

Financials

Q1 2025

Income statement

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Revenue$1.3B+11.3%
Gross profit$645.0M+14.6%
Operating income$195.0M+22.6%
Net income$136.0M+18.3%
EPS (diluted)$2.62+17.5%

Balance sheet

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Cash & equivalents$879.0M+592%
Total debt$2.4B+3.6%
Total equity$3.6B+14.4%
Total assets$7.9B+8.8%

Cash flow

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Operating cash flow$178.0M+42.4%
CapEx$20.0M+42.9%
Free cash flow$158.0M+42.3%

Valuation & ratios

Valuation

as of 03/29/25
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Market cap$14.45B-6.7%
Enterprise value$15.93B-9.7%
P/E26.3×-33.0×
P/S2.8×-0.7×

Profitability

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Gross margin48.8%+2.4pp
Operating margin15.2%+5.7pp
Net margin10.7%+4.7pp
FCF margin19.6%

Returns & leverage

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Return on equity16.2%+7.5pp
Debt / equity0.7×-0.1×
Current ratio1.4×+0.5×

Segments

By geography

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North America$639.0M+4.4%
EMEA$448.0M+17.9%
Asia Pacific$137.0M+22.3%
Latin America$84.0M+18.3%

By product

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Tangible Products$1.1B+14.3%
Services and Software$246.0M0.0%

Versus estimates

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Questions, answered.

When did Zebra Technologies report Q1 2025 earnings?
Zebra Technologies (ZBRA) reported Q1 2025 earnings on April 29, 2025 before market open.
What were Zebra Technologies's Q1 2025 revenue and EPS?
Zebra Technologies reported revenue of $1.3B and eps of $4.02 for Q1 2025.
Did Zebra Technologies beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.3B by $17.3M. EPS beat the consensus estimate of $3.60 by $0.42.
How did Zebra Technologies's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.4% from $1.2B a year earlier and eps grew 41.5% from $2.84.
Where can I find Zebra Technologies's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000877212-25-000065) directly on SEC EDGAR. The filing index links above go to sec.gov.