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Zebra Technologies ZBRA Contract Liabilities

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Other financials

Income statement

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Revenue$1.5B+14.3%
Gross profit$742.0M+15.0%
Operating income$215.0M+10.3%
Net income$135.0M-0.7%
EPS (diluted)$2.72+3.8%

Balance sheet

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Cash & equivalents$114.0M-87.0%
Total debt$2.8B+20.7%
Total equity$3.5B-4.3%
Total assets$8.3B+5.5%

Cash flow

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Operating cash flow$176.0M-1.1%
CapEx$13.0M-35.0%
Free cash flow$163.0M+3.2%

Valuation

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Market cap$11.24B-28.8%
Enterprise value$13.98B-18.3%
P/E26.9×-1.9×
P/S-1.1×

Profitability

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Gross margin48.2%-0.6pp
Operating margin12.9%-2.3pp
Net margin7.5%-3.2pp
FCF margin15%-4.6pp

Returns & leverage

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Return on equity11.8%-4.4pp
Debt / equity0.8×+0.2×
Current ratio-0.5×

Where this comes from

Reported directly by Zebra Technologies in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Zebra Technologies’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zebra Technologies's contract liabilities?
Zebra Technologies (ZBRA) reported contract liabilities of $398M in Q1 2026.
How has Zebra Technologies's contract liabilities changed year-over-year?
Zebra Technologies's contract liabilities increased by 28.8% year-over-year, from $309M to $398M.
What is the long-term trend for Zebra Technologies's contract liabilities?
Over 5 years (2020 to 2025), Zebra Technologies's contract liabilities has grown at a 7.7% compound annual growth rate (CAGR), from $273M to $396M.
What does contract liabilities mean?
Payments received from customers for goods or services that have not yet been delivered.
How do you interpret contract liabilities?
An increase indicates strong bookings or prepayments, signaling future revenue recognition, while a decrease suggests the fulfillment of those obligations.
How does contract liabilities compare across companies?
High in software and subscription-based hardware businesses; lower in pure transactional retail models.