What is Zebra Technologies's CF — goodwill?

Zebra Technologies (ZBRA) reported CF — goodwill of $2.86B in Q4 2025.

What does CF — goodwill mean?

Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Connected Frontline segment. It reflects the value of intangible assets such as brand reputation, customer relationships, and intellectual property. Changes in this balance often result from new acquisitions or impairment testing.

Zebra Technologies (ZBRA) CF — Goodwill

Screener

Other segment segments

AVA

$1.86B—

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LENHomebuilding — Goodwill

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COHRIndustrial — Goodwill

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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:Goodwill.

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 — goodwill?: Zebra Technologies (ZBRA) reported CF — goodwill of $2.86B in Q4 2025.
What does CF — goodwill mean?: Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Connected Frontline segment. It reflects the value of intangible assets such as brand reputation, customer relationships, and intellectual property. Changes in this balance often result from new acquisitions or impairment testing.