What is Zebra Technologies's CF — acquisitions?

Zebra Technologies (ZBRA) reported CF — acquisitions of $194M in Q4 2025.

What does CF — acquisitions mean?

The total capital spent on acquiring new businesses for the Connected Frontline segment.

How do you interpret CF — acquisitions?

High acquisition spending indicates a strategy of rapid expansion, while zero spending suggests a focus on organic growth or integration.

How does CF — acquisitions compare across companies?

Comparable to M&A cash outflows or investment activity reported by peer technology firms.

Zebra Technologies ZBRA CF — Acquisitions

Other segment segments

AVA

$34M—

Similar metrics at other companies

TXTBell — Acquisitions

$0—

FLSFCD — Acquisition(1)

$2.04M-93.6%

BWXTCommercial Operations — Acquisition (Note 2)

$0—

FOXAOther, Corporate and Eliminations — Acquisitions and other

$0-100%

MKCConsumer Segment — Acquisition

$400K—

CDWCorporate — Acquisition activity

$675K-98.8%

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/S2×-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 ratio1×-0.5×

Where this comes from

Reported directly by Zebra Technologies in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

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

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Questions, answered.

What is Zebra Technologies's CF — acquisitions?: Zebra Technologies (ZBRA) reported CF — acquisitions of $194M in Q4 2025.
What does CF — acquisitions mean?: The total capital spent on acquiring new businesses for the Connected Frontline segment.
How do you interpret CF — acquisitions?: High acquisition spending indicates a strategy of rapid expansion, while zero spending suggests a focus on organic growth or integration.
How does CF — acquisitions compare across companies?: Comparable to M&A cash outflows or investment activity reported by peer technology firms.