What are Zebra Technologies's profit margins?

Zebra Technologies (ZBRA) runs a 48.2% gross margin and a 12.9% operating margin, with a 7.5% net margin.

Where do Zebra Technologies's ratios come from?

Every ratio is computed from Zebra Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Zebra Technologies ZBRA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	48.2%-0.6pp	48.1%-0.4pp	48.4%+0.9pp	48.6%+2.1pp	48.8%+2.4pp
Operating margin	12.9%-2.3pp	13%-1.9pp	15%+2.3pp	15.3%+6.4pp	15.2%+5.7pp
Net margin	7.5%-3.2pp	7.8%-2.8pp	9.7%+1.5pp	10.6%+5.3pp	10.7%+4.7pp
EBITDA margin	16.5%-2.1pp	16.4%-1.9pp	18.2%+1.7pp	18.6%+5.7pp	18.5%+5.0pp
Free cash flow margin	15%—	15.4%—	15.1%—	——	——
Returns
Return on equity	11.8%-4.4pp	11.7%-4.3pp	14.3%+2.4pp	15.9%+8.5pp	16.2%+7.5pp
Return on assets	5.2%-2.1pp	5.1%-1.8pp	6.5%+1.4pp	7.1%+4.0pp	7.2%+3.7pp
Return on invested capital	9.5%-3.0pp	9.3%-2.6pp	11.8%+0.6pp	12.8%+5.4pp	12.4%+4.5pp
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×+0.1×	0.7×+0.1×
Inventory turnover	4.2×+0.4×	3.9×+0.5×	4.2×+0.9×	3.9×+0.9×	3.8×+0.7×
Liquidity
Current ratio	1×-0.5×	1×-0.5×	1.6×+0.2×	1.5×+0.2×	1.4×+0.5×
Quick ratio	0.6×-0.4×	0.6×-0.4×	1.2×+0.2×	1×+0.2×	1×+0.5×
Cash ratio	0.1×-0.5×	0.1×-0.5×	0.7×+0.2×	0.5×+0.3×	0.6×+0.5×
Leverage
Debt-to-equity	0.8×+0.2×	0.8×+0.1×	0.6×-0.1×	0.7×-0.1×	0.7×-0.1×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	3×+1.4×	2.9×+1.3×	1.4×-0.8×	1.5×-1.9×	1.6×-2.1×
Valuation
Market capitalization	$10.29B-28.8%	$12.3B-38.3%	$15.11B-20.8%	$15.2B-4.2%	$14.45B-6.7%
Enterprise value	$13.02B-18.3%	$14.87B-30.4%	$16.42B-20.9%	$16.69B-6.3%	$15.93B-9.7%
Price / earnings	24.6×-1.7×	29.4×-8.4×	29.5×-20.4×	27.7×-41.3×	26.3×-33.0×
Price / sales	1.8×-1.0×	2.3×-1.7×	2.9×-1.2×	2.9×-0.7×	2.8×-0.7×
Price / book	3×-1.0×	3.4×-2.1×	4×-1.5×	4.2×-0.6×	4×-0.9×
EV / EBITDA	14.2×-2.7×	16.8×-6.6×	17.2×-9.9×	17.3×-14.5×	16.8×-13.1×
EV / sales	2.3×-0.8×	2.8×-1.5×	3.1×-1.3×	3.2×-0.9×	3.1×-0.9×
Free cash flow yield	8.1%—	6.8%—	5.2%—	——	——
Earnings yield	4.1%+0.3pp	3.4%+0.8pp	3.4%+1.4pp	3.6%+2.2pp	3.8%+2.1pp

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Questions, answered.

What are Zebra Technologies's profit margins?: Zebra Technologies (ZBRA) runs a 48.2% gross margin and a 12.9% operating margin, with a 7.5% net margin.
Where do Zebra Technologies's ratios come from?: Every ratio is computed from Zebra Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.