What is Zebra Technologies's CF — acquisitions?

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

What does CF — acquisitions mean?

Reflects the capital deployed to acquire external businesses or technologies specifically integrated into the Connected Frontline segment. This metric highlights the company's strategy to expand its product capabilities or market reach through inorganic growth. It is a critical indicator of long-term strategic investment.

Zebra Technologies (ZBRA) CF — Acquisitions

Screener

Other segment segments

AVA

$34M—

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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$17.46B+11.4%

Enterprise value$20.19B+17.6%

P/E41.8×+13.2×

P/S3.1×+0.1×

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 source filing: Zebra Technologies’s 10-K, filed February 12, 2026.

Filed: Feb 12, 2026, 4:07 PM EST
Fiscal year: FY2025
Accession: 0001628280-26-007668

Line item	CF	AVA	Total
Goodwill as of December 31, 2024	$2,085	$1,806	$3,891
Elo acquisition	776	—	776
Photoneo acquisition	—	34	34
Foreign exchange impact	3	23	26
Goodwill as of December 31, 2025	$2,864	$1,863	$4,727

Item 8.Financial Statements and Supplementary Data

FAQ

What is Zebra Technologies's CF — acquisitions?: Zebra Technologies (ZBRA) reported CF — acquisitions of $194M in Q4 2025.
What does CF — acquisitions mean?: Reflects the capital deployed to acquire external businesses or technologies specifically integrated into the Connected Frontline segment. This metric highlights the company's strategy to expand its product capabilities or market reach through inorganic growth. It is a critical indicator of long-term strategic investment.