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Zebra Technologies Corporation ZBRA
$ 353.51 0.9%
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Quarterly report 2026-Q2
added 08-04-2026

Zebra Technologies Corporation Financial Ratios 2025-2007 | ZBRA

Brief overview of Zebra Technologies Corporation's financial ratios

This overview follows the five latest available observations from 2021 through 2025.

The latest available valuation ratios are P/E 33.45x (median 33.45x), EV/EBITDA 21.25x (median 25.82x), P/S 2.6x (median 3.16x). Multiples are on average 17.7% below their own medians. Shares look cheaper than their recent historical valuation.

The 1/P/E calculation produces a 3% earnings yield. It does not capture future growth or capital structure.

Current measures of operating quality are ROE 11.7%, ROA 4.9%, ROCE 19.5%. Fundamental efficiency is balanced: profitability supports valuation but does not remove the need for future growth.

Current PEG of 4.33x points to a premium over forecast earnings momentum.

A longer cycle, from 22.7 days to 56.6 days, indicates slower release of cash from operations.

Valuation takeaway

Zebra Technologies Corporation combines strong fundamental efficiency with valuation below its own five-year norm. The discount merits attention but should be checked against sector and financial risks.

Annual Financial Ratios Zebra Technologies Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

33.5 31.8 48.9 37.8 32.5 41.1 24.4 21.8 387.2 -31.8 -22.5 130.7 21.1 17.9 11.7 15.1 28.3 -62.1 -

P/S

2.6 3.4 3.2 3.0 4.8 4.7 3.0 2.2 1.8 1.2 0.8 2.5 2.7 2.2 2.1 - - - -

EPS

8.2 10.2 5.8 8.9 15.7 9.4 10.1 7.9 0.3 -2.6 -3.1 0.6 2.6 2.4 3.2 1.8 0.8 -0.6 -

EV (Enterprise Value)

18.8 B 20.3 B 18.6 B 22.2 B 30.1 B 23.8 B 16.1 B 12.1 B 9.96 B 8.04 B 7 B 8.37 B 2.93 B 2.25 B 2.12 B 1.64 B 1.41 B 2.35 B -38.2 M

EBITDA per Share

17.4 17.8 12.8 14 21.8 14.9 15.3 13.6 10.8 9.98 9.55 5.42 3.52 3.53 3.48 3.14 1.74 0.36 -

EV/EBITDA

21.2 22.2 28.3 30.3 25.8 28.6 17.6 14.8 15.3 13.3 12.1 25.5 15.5 11.7 10.7 9.2 13.7 101.4 -

PEG

4.33 4.19 20.15 4.05 1.8 4.23 0.87 0.01 3.44 -21.39 0.05 -1.9 1.86 -0.67 0.14 - - - -

P/B

3.9 4.7 4.8 6.4 9.1 9.7 7.2 6.9 7.9 5.5 3.4 4.1 3.0 2.6 2.6 2.1 1.9 - -

P/CF

15.3 16.6 -3618.3 35.9 25.5 21.5 21.3 12.7 15.4 14.8 -280.0 20.3 16.3 14.0 39.6 10.9 12.6 17.2 -

ROE %

11.68 14.72 9.75 16.94 28.05 23.51 29.58 31.54 2.04 -17.30 -15.01 3.12 14.02 14.34 22.48 13.94 6.61 -5.41 -

ROA %

4.93 6.63 4.05 6.15 13.47 9.38 11.55 9.70 0.40 -2.96 -2.73 0.58 12.00 12.70 19.43 11.58 5.67 - -

ROCE %

19.51 20.69 15.84 19.36 32.81 30.36 21.89 20.70 11.85 7.77 5.69 4.80 17.07 20.35 23.30 20.30 9.87 -2.16 -

Current Ratio

1.7 1.8 1.7 1.6 1.9 1.7 0.9 0.9 1.1 1.3 1.5 1.7 6.3 7.5 5.4 5.9 7.0 - -

DSO

50.5 44.4 51.3 48.0 40.9 46.0 52.5 47.1 50.9 67.1 67.8 149.3 64.9 61.8 72.7 - - - -

DIO

92.6 106.4 123.4 78.1 61.0 73.5 72.5 84.8 83.1 65.2 71.6 161.2 82.6 89.2 97.9 74.3 34.7 - -

DPO

86.5 77.4 94.0 87.3 79.2 86.1 84.5 90.1 69.5 78.0 52.5 133.5 23.7 16.7 24.4 24.2 12.2 - -

Operating Cycle

143.1 150.8 174.7 126.1 101.8 119.5 125.0 131.9 134.0 132.3 139.4 310.5 147.5 151.1 170.7 74.3 34.7 - -

Cash Conversion Cycle

56.6 73.4 80.8 38.7 22.7 33.5 40.6 41.9 64.5 54.3 86.8 177.0 123.8 134.4 146.2 50.2 22.5 - -

All numbers in USD currency

Quarterly Financial Ratios Zebra Technologies Corporation

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

EPS

4.89 2.74 1.98 2.2 2.64 2.65 2.19 2.24 -0.28 2.8 2.92 - 3.28 -1.87 3.86 - 3.72 4.1 4.26 3.73 2.18 1.87 1.66 3.13 2.52 2.28 2.14 2.14 2.37 1.31 2.04 0.07 -0.23 0.33 0.16 0.34 -1.61 -0.88 -0.5 -0.53 -0.57 -1.5 -0.5 -1.02 0.29 0.54 0.83 - 0.76 0.6 0.46 0.69 0.53 0.59 0.58 0.67 0.84 0.6 1.11 0.46 0.39

EBITDA per Share

9.1 5.53 6.08 4.08 4.59 4.27 3.73 3.93 0.27 4.28 5.23 - 4.65 -2.11 4.98 - 6.98 5.11 5.91 - 4.75 3.52 3.44 - 5.99 4.72 3.82 - 5.45 3.94 3.51 - 5.74 3.83 2.1 - 4.06 3.43 1.7 1.29 5.18 2.91 1.97 0.42 1.07 1.01 1.25 - 1.39 1.01 0.7 0.89 1.12 0.99 0.92 0.82 1.25 1.08 0.91 1.1 0.85

ROE %

16.47 13.43 13.55 14.29 14.82 10.57 11.38 13.13 15.90 12.50 14.74 9.55 16.62 18.68 32.04 24.98 34.26 32.61 28.81 23.51 23.42 25.40 27.48 29.58 29.01 31.12 29.62 31.54 21.48 14.01 9.72 1.56 -8.92 -13.16 -18.49 -19.44 -22.69 -20.83 -17.95 -14.67 -13.23 -7.34 5.29 8.09 12.11 13.87 13.67 9.67 13.75 12.89 13.28 14.34 14.77 17.40 18.07 22.48 21.55 18.90 7.93 3.58 3.15

ROA %

6.98 6.00 6.17 6.42 6.60 4.67 4.82 5.32 6.02 9.57 11.03 9.02 12.94 10.65 14.87 11.52 15.22 13.99 11.93 9.38 9.26 9.99 10.76 11.55 10.61 10.65 9.63 9.70 6.77 4.24 2.82 0.30 -1.49 -2.18 -3.14 -3.32 -3.90 -3.64 -3.16 -2.60 -2.33 -1.26 1.02 1.51 4.96 7.42 9.03 8.28 11.89 11.25 11.69 12.70 12.98 15.19 15.69 19.43 18.53 16.22 6.86 3.00 2.69

ROCE %

25.48 21.52 20.90 21.10 21.06 15.28 16.18 18.89 21.47 16.10 16.91 9.13 17.54 19.48 36.53 29.24 36.23 33.37 30.87 19.59 29.65 31.35 34.45 27.41 39.54 38.84 40.93 32.28 43.20 38.02 33.45 22.66 19.63 11.62 5.93 1.14 1.81 7.64 3.17 4.14 1.07 0.86 5.60 8.55 15.84 17.03 16.79 11.60 16.75 16.39 17.21 19.18 19.45 21.22 22.62 23.43 23.33 21.59 5.71 5.32 4.56

Current Ratio

1.7 1.7 1.9 1.8 1.9 1.8 1.8 1.8 1.7 1.7 1.6 1.6 1.6 - 1.9 1.9 1.9 1.9 1.8 1.7 1.7 1.7 1.7 1.6 1.6 1.6 1.6 1.4 1.4 1.4 1.4 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 7.0 7.0 7.0 7.0 8.7 8.7 8.7 8.7 7.4 7.4 7.4 7.4 6.2 6.9

DSO

50.5 42.4 44.5 44.1 43.9 48.8 48.7 44.1 57.3 52.6 48.8 - 26.6 25.1 49.7 - 37.5 36.0 34.9 35.4 41.0 48.5 48.6 46.9 49.5 51.0 48.5 41.7 43.5 46.9 46.6 42.6 46.8 48.8 58.2 60.5 63.1 64.9 69.7 64.4 66.8 68.8 68.6 77.4 201.7 212.4 134.2 - 61.3 63.8 66.6 60.8 61.1 62.3 60.6 57.3 55.9 57.7 61.6 - -

DIO

88.8 82.1 89.7 92.1 90.8 93.6 100.5 115.8 147.7 122.5 104.8 - 49.5 26.9 55.1 - 53.3 64.3 68.5 - 73.0 86.8 77.6 - 72.7 75.0 80.3 - 80.8 87.9 87.2 - 82.6 86.2 79.0 - 64.2 66.6 73.8 69.3 72.2 72.9 74.6 79.0 237.0 246.4 167.9 - 81.9 83.5 90.0 87.5 90.0 88.8 94.4 96.7 93.7 98.2 89.1 64.6 -

DPO

82.2 67.5 73.3 76.0 75.2 77.0 74.0 67.1 85.8 83.9 87.4 - 50.8 39.7 79.8 - 69.7 74.2 77.4 - 85.8 102.1 90.9 - 84.7 87.3 89.2 - 85.8 93.3 87.0 - 76.5 79.8 82.3 - 76.9 79.7 69.8 50.4 52.5 53.1 58.1 65.5 196.3 204.1 117.7 - 23.5 23.9 21.3 16.3 16.8 16.6 20.7 24.1 23.4 24.5 26.1 22.9 -

Operating Cycle

- - - 136.3 134.8 142.4 149.2 159.9 205.0 175.0 153.6 - 76.1 52.1 104.8 - 90.8 100.3 103.3 35.4 113.9 135.3 126.2 46.9 122.2 126.0 128.8 41.7 124.3 134.8 133.8 42.6 129.3 134.9 137.2 60.5 127.3 131.4 143.4 133.7 139.0 141.7 143.1 156.4 438.7 458.8 302.1 - 143.1 147.3 156.6 148.3 151.1 151.2 155.1 154.0 149.6 155.9 - - -

Cash Conversion Cycle

- - - 60.2 59.6 65.4 75.3 92.8 119.2 91.1 66.3 - 25.3 12.3 25.0 - 21.1 26.1 25.9 35.4 28.1 33.2 35.4 46.9 37.5 38.6 39.6 41.7 38.5 41.5 46.8 42.6 52.9 55.2 54.9 60.5 50.4 51.8 73.6 83.2 86.5 88.6 85.1 90.9 242.4 254.7 184.4 - 119.7 123.3 135.3 131.9 134.2 134.6 134.3 129.8 126.2 131.4 - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Zebra Technologies Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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