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Zebra Technologies ZBRA Free cash flow margin

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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$17.57B+11.4%
Enterprise value$20.3B+17.6%
P/E42×+13.2×
P/S3.2×+0.1×

Profitability

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

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

Calculated from Zebra Technologies’s reported figures.

Based on trailing twelve months.

The source filing: Zebra Technologies’s 10-Q, filed May 12, 2026. Open the filing →

Filed
May 12, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-034109

FAQ

What is Zebra Technologies's free cash flow margin?
Zebra Technologies (ZBRA) reported free cash flow margin of 15% in Q1 2026.
How has Zebra Technologies's free cash flow margin changed year-over-year?
Zebra Technologies's free cash flow margin decreased by 23.5% year-over-year, from 19.6% to 15%.
What is the long-term trend for Zebra Technologies's free cash flow margin?
Over 4 years (2020 to 2025), Zebra Technologies's free cash flow margin has grown at a -6.5% compound annual growth rate (CAGR), from 20.1% to 15.4%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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